Global Linear Resonant Actuator Market Size By Product, By Application, By Geographic Scope And Forecast

Linear Resonant Actuator Market Size And Forecast

Linear Resonant Actuator Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.

Growing demand for maintaining transparency across different departments and flexibility to access data at any time and from anywhere has increased the demand for innovative solutions and thus fueling the growth of the Linear Resonant Actuator Market. The Global Linear Resonant Actuator Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Linear Resonant Actuator Market Definition

A linear resonant actuator is a vibration motor that produces an oscillating force across a single axis. Linear Resonant Actuators rely on AC Voltage to drive a voice coil pressed against a moving mass connected to a spring. Linear Resonant Actuators are used in most consumer electronic devices that are of an interactive nature and use notifications to alert the user. Some end devices using linear resonant actuators are Mobile Phones, fitness trackers, and Tablets. It is used as a key component in haptics technology. The eccentric rotating mass (ERM) motor and linear resonant actuator (LRA) are two of the most common types of haptic actuators used in the market today. The haptics technology uses the sense of touch in devices to provide information to the user.

This technology can be incorporated into products by using actuators or motors which generate vibration. Many routine devices are haptic enabled such as smartphone dial pads, tablets, and gaming consoles which offer touch vibration feedback to the user it also allow the users to know that their inputs have been recorded successfully. Haptic technology enables the users to sense and manipulate 3D objects with respect to characteristics like shape, texture, weight, and temperature. In the recent past, haptics technology has attracted the attention of scientists and is also being utilized for various applications.

Global Linear Resonant Actuator Market Overview

Growing demand for maintaining transparency across different departments and flexibility to access data at any time and from anywhere has increased the demand for innovative solutions and thus fueling the growth of the Linear Resonant Actuator Market. Shifting organizations’ preferences from traditional ways of management, rising demand for automated systems and solutions, and streamlining all the aspects of business management are propelling market growth.

Increasing adoption of cloud-based solutions and integration of emerging technologies such as Artificial Intelligence (AI) and Machine Learning (ML) with hospital management solutions for data analysis is a major factor driving the growth of the market. The rising adoption of the latest technologies such as online report generation that helps in cost-cutting and improves communication with patients is expected to boost the demand for integrated software. This, in turn, is driving the growth of the market. The growing need to manage regulatory compliance through effective utilization of workforce management systems is propelling the market growth.

Rising expenditure in the healthcare industry and government initiatives to upgrade healthcare facility infrastructure is fueling the market growth. However, growing concerns for data security and the high costs of deployment have been restraining the market growth. Linear Resonant Actuators are not the only vibration motors used in electronic devices and manufacturers often prefer using standard ERM vibration motors as linear resonant actuators are higher in price and have to be used with an external driver IC.

Global Linear Resonant Actuator Market Segmentation Analysis

The Global Linear Resonant Actuator Market is segmented on the basis of Product, Application, And Geography.

Linear Resonant Actuator Market, By Product

• Rectangular Linear Resonant Actuator• Coin Type Linear Resonant Actuator

Based on Product, The market is bifurcated into Rectangular Linear Resonant Actuator and Coin Type Linear Resonant Actuator. The Rectangular Linear Resonant Actuator segment is expected to inflate the market growth. Rectangular LRA linear resonant actuator for haptics. The haptics technology uses the sense of touch in devices to provide information to the user.

Linear Resonant Actuator Market, By Application

• Automotive• Medical• Consumer Electronics• Other

Based on Application, The market is bifurcated into Automotive, Medical, Consumer Electronics, аnd Other. Automotive is anticipated to become the fastest-growing market in the forecast duration owing to the large application.

Linear Resonant Actuator Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Linear Resonant Actuator Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is expected to hold the largest market share in the forecast period.

Key Players

The “Global Linear Resonant Actuator Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Texas Instruments, Precision Microdrives, Jinlong Machinery & Electronics Co. Ltd., Immersion Corporation, AAC Technologies, Johnson Electric, Densitron Technologies, Need-For-Power Motor Co., Ltd, Honeywell, and Fairchild Semiconductor. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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