Voice Coil Motor (VCM) Market Size is USD 4,306.95 Million in 2025

Voice Coil Motor (VCM) Market (By Type: AF, AF+OIS, and Others; By Application:＜5M, 5M-8M, 9M-12M, 13M-16M, 16M-30M, and＞30M; By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Size, Share, Growth, Trends 2025 to 2034

Stats ID: 8863 | Delivery Format: Databook | Tables and Figures: 35+ | Last Updated: September 2025 | Delivery: Immediate

The global voice coil motor (VCM) market was valued at USD 4,067 million in 2024 and is projected to reach USD 7,214.96 million by 2034, registering a CAGR of 5.9%. The market growth is primarily driven by the rising adoption of VCMs in consumer electronics, automotive applications, and industrial automation, where precise and fast linear motion is critical.

Voice Coil Motor (VCM) Market Highlights

Asia Pacific dominated the global market in 2024.
North America is anticipated to grow at the fastest rate in the market during the forecast period.
By type, the AF segment held a dominant presence in the market in 2024.
By type, the AF+OIS segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
By application, the 13M–16M segment accounted for a considerable share of the market in 2024.
By application, the ＞30M segment is projected to experience the highest growth rate in the market between 2025 and 2034.

Voice Coil Motor (VCM) Market Statical Scope

Reports Attributes	Statistics
Market Size in 2024	USD 1,244 Million
Market Size in 2025	USD 1,349.74 Million
Market Size in 2031	USD 2,202.06 Million
Market Size by 2034	USD 2,812.66 Million
CAGR 2025 to 2034	8.5%
Base Year	2024
Forecast Period	2025 to 2034

The voice coil motor market is gaining momentum due to many factors, such as rising advancements in smartphone cameras that can match the current market requirements and standards. The report by International Data Corporation (IDC) reported that global smartphone shipments reached 295.2 million units in the second quarter of 2025. Moreover, applications like medical and aerospace are also playing a crucial role in enhancing their performance using VCM. The limited usage range of such motors can be considered a drawback as it restricts their use in other industrial tasks. The demand for VCMs is expected to increase more rapidly due to the rise of 5G mobile phones in the coming years.

The voice coil motor market is witnessing several advancements due to the rise of AI, as it is optimizing smartphone cameras by improving accuracy and making them faster. Moreover, the rising need for medical imaging will also use VCM at a higher rate for more precise medical outcomes.

Voice Coil Motor (VCM) Market Companies

ALPS ALPINE
Mitsumi
TDK
JAHWA
SEMCO
Hozel
ZET
New Shicoh Motor
Shanghai B.L Electronics
Sanmeida Optical Technology
Hysonic
LG Innotek

Voice Coil Motor (VCM) Market Segmentation

By Type

AF
AF+OIS
Others

By Application

＜5M
5M-8M
9M-12M
13M-16M
16M-30M
＞30M

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Published by Shubham Desale

Global Market Revenue

Voice Coil Motor (VCM) Market Revenue, By Type 2024 to 2034 (USD Million)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
AF	2	114.84	2	205.15	2	298.77	2	395.77	2	496.20	2
AF+OIS	1	626.80	1	757.24	1	897.40	2	47.99	2	209.74	2
Others	325.36	344.56	364.89	386.41	409.21	433.36	458.92	486	514.67	545.04	577.20

Voice Coil Motor (VCM) Market Revenue, By Application 2024 to 2034 (USD Million)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
＜5M	488.04	490.99	492.59	492.68	491.05	487.52	481.87	473.85	463.21	449.66	432.90
5M-8M	732.06	749.41	766.26	782.49	797.96	812.54	826.06	838.35	849.21	858.44	865.79
9M-12M	894.74	938.92	985.19	1	33.66	1	84.42	1	137.56	1	193.20
13M-16M	813.40	870	930.46	995.01	1	63.95	1	137.56	1	216.15	1
16M-30M	732.06	796.79	866.60	941.88	1	23.03	1	110.47	1	204.67	1
＞30M	406.70	460.84	519.96	584.45	654.74	731.29	814.59	905.17	1	3.61	1

Voice Coil Motor (VCM) Market Revenue, By Region 2024 to 2034 (USD Million)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
North America	935.41	986.29	1	39.92	1	96.45	1	156.02	1	218.81	1
Asia Pacific	1	789.48	1	907.98	2	34.23	2	168.75	2	312.05	2
Europe	1	16.75	1	68.12	1	122.02	1	178.56	1	237.87	1
LAMEA	325.36	344.56	364.89	386.41	409.21	433.36	458.92	486	514.67	545.04	577.20

List of Figure

List of Tables

Table 1: Voice Coil Motor (VCM) Market Segmentation by Type (AF, AF+OIS, Others), 2024–2034
Table 2: Voice Coil Motor (VCM) Market Segmentation by Application (＜5M, 5M–8M, 9M–12M, 13M–16M, 16M–30M, ＞30M), 2024–2034
Table 3: North America VCM Market Size by Country (U.S., Canada, Mexico), 2024–2034
Table 4: North America VCM Market Size by Type (AF, AF+OIS, Others), 2024–2034
Table 5: North America VCM Market Size by Application (＜5M, 5M–8M, 9M–12M, 13M–16M, 16M–30M, ＞30M), 2024–2034
Table 6: Europe VCM Market Size by Country (Germany, France, UK, Italy, Rest of Europe), 2024–2034
Table 7: Europe VCM Market Size by Type (AF, AF+OIS, Others), 2024–2034
Table 8: Europe VCM Market Size by Application (＜5M, 5M–8M, 9M–12M, 13M–16M, 16M–30M, ＞30M), 2024–2034
Table 9: Asia Pacific VCM Market Size by Country (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific), 2024–2034
Table 10: Asia Pacific VCM Market Size by Type (AF, AF+OIS, Others), 2024–2034
Table 11: Asia Pacific VCM Market Size by Application (＜5M, 5M–8M, 9M–12M, 13M–16M, 16M–30M, ＞30M), 2024–2034
Table 12: South America VCM Market Size by Country (Brazil, Rest of South America), 2024–2034
Table 13: South America VCM Market Size by Type (AF, AF+OIS, Others), 2024–2034
Table 14: South America VCM Market Size by Application (＜5M, 5M–8M, 9M–12M, 13M–16M, 16M–30M, ＞30M), 2024–2034
Table 15: Middle East & Africa VCM Market Size by Country (Turkey, GCC Countries, Africa), 2024–2034
Table 16: Middle East & Africa VCM Market Size by Type (AF, AF+OIS, Others), 2024–2034
Table 17: Middle East & Africa VCM Market Size by Application (＜5M, 5M–8M, 9M–12M, 13M–16M, 16M–30M, ＞30M), 2024–2034

List of Figures

Figure 1: Global VCM Market Share by Type, 2024 (%)
Figure 2: Global VCM Market Share by Application, 2024 (%)
Figure 3: North America VCM Market Size by Country (U.S., Canada, Mexico), 2024–2034
Figure 4: North America VCM Market Size by Type, 2024–2034
Figure 5: North America VCM Market Size by Application, 2024–2034
Figure 6: Europe VCM Market Size by Country (Germany, France, UK, Italy, Rest of Europe), 2024–2034
Figure 7: Europe VCM Market Size by Type, 2024–2034
Figure 8: Europe VCM Market Size by Application, 2024–2034
Figure 9: Asia Pacific VCM Market Size by Country (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific), 2024–2034
Figure 10: Asia Pacific VCM Market Size by Type, 2024–2034
Figure 11: Asia Pacific VCM Market Size by Application, 2024–2034
Figure 12: South America VCM Market Size by Country (Brazil, Rest of South America), 2024–2034
Figure 13: South America VCM Market Size by Type, 2024–2034
Figure 14: South America VCM Market Size by Application, 2024–2034
Figure 15: Middle East & Africa VCM Market Size by Country (Turkey, GCC Countries, Africa), 2024–2034
Figure 16: Middle East & Africa VCM Market Size by Type, 2024–2034
Figure 17: Middle East & Africa VCM Market Size by Application, 2024–2034
Figure 18: Global VCM Market CAGR by Region, 2024–2034

Global Market Revenue

Voice Coil Motor (VCM) Market Revenue, By Type 2024 to 2034 (USD Billion)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
AF	2	114.84	2	205.15	2	298.77	2	395.77	2	496.20	2
AF+OIS	1	626.80	1	757.24	1	897.40	2	47.99	2	209.74	2
Others	325.36	344.56	364.89	386.41	409.21	433.36	458.92	486	514.67	545.04	577.20

Voice Coil Motor (VCM) Market Revenue, By Application 2024 to 2034 (USD Billion)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
＜5M	488.04	490.99	492.59	492.68	491.05	487.52	481.87	473.85	463.21	449.66	432.90
5M-8M	732.06	749.41	766.26	782.49	797.96	812.54	826.06	838.35	849.21	858.44	865.79
9M-12M	894.74	938.92	985.19	1	33.66	1	84.42	1	137.56	1	193.20
13M-16M	813.40	870	930.46	995.01	1	63.95	1	137.56	1	216.15	1
16M-30M	732.06	796.79	866.60	941.88	1	23.03	1	110.47	1	204.67	1
＞30M	406.70	460.84	519.96	584.45	654.74	731.29	814.59	905.17	1	3.61	1

Voice Coil Motor (VCM) Market Revenue, By Region 2024 to 2034 (USD Billion)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
North America	935.41	986.29	1	39.92	1	96.45	1	156.02	1	218.81	1
Asia Pacific	1	789.48	1	907.98	2	34.23	2	168.75	2	312.05	2
Europe	1	16.75	1	68.12	1	122.02	1	178.56	1	237.87	1
LAMEA	325.36	344.56	364.89	386.41	409.21	433.36	458.92	486	514.67	545.04	577.20

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Voice Coil Motor (VCM) Market Size is USD 4,306.95 Million in 2025

Voice Coil Motor (VCM) Market Highlights

Voice Coil Motor (VCM) Market Statical Scope

Voice Coil Motor (VCM) Market Companies

Voice Coil Motor (VCM) Market Segmentation

By Type

By Application

By Region

Global Market Revenue

Voice Coil Motor (VCM) Market Revenue, By Type 2024 to 2034 (USD Million)

Voice Coil Motor (VCM) Market Revenue, By Application 2024 to 2034 (USD Million)

Voice Coil Motor (VCM) Market Revenue, By Region 2024 to 2034 (USD Million)

List of Figure

List of Tables

List of Figures

Global Market Revenue

Voice Coil Motor (VCM) Market Revenue, By Type 2024 to 2034 (USD Billion)

Voice Coil Motor (VCM) Market Revenue, By Application 2024 to 2034 (USD Billion)

Voice Coil Motor (VCM) Market Revenue, By Region 2024 to 2034 (USD Billion)

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