OIS Motor Market | CAGR 4.55% (2024-2032)

The OIS Motor Market, valued at USD 10.37 billion in 2024, is projected to reach USD 14.8 billion by 2032, growing at a CAGR of 4.55% during the forecast period. The market has witnessed significant evolution over the historical period from 2019 to 2024, driven by advancements in autonomous vehicles, rising adoption of electric vehicles, and increasing demand for enhanced safety systems.

OIS (Optical Image Stabilization) motors are critical components in camera modules, smartphones, automotive applications, and advanced imaging devices. These motors reduce image blurring and ensure precision in motion-sensitive environments, making them indispensable for modern technologies.

Key Market Dynamics

The growth of the OIS Motor Market is influenced by several pivotal factors:

• Advancements in Autonomous Vehicles: As self-driving technology evolves, OIS motors ensure stability and accurate sensor operation, supporting safe navigation and high-performance imaging.
• Growing Demand for Higher Safety Standards: Automotive and industrial applications increasingly rely on precise image stabilization to enhance safety and operational reliability.
• Rise of Electric Vehicles (EVs): EV adoption drives demand for sophisticated imaging and sensing systems, which incorporate OIS motors for precision control.
• Increasing Popularity of Adaptive Cruise Control: Enhanced driver-assistance systems leverage OIS technology for better accuracy in real-time monitoring and response.

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Market Segmentation

The OIS Motor Market is categorized based on Electromagnetic Type, Construction, Power Rating, Application, and Region:

By Electromagnetic Type:

• Voice Coil Motors (VCM)
• Stepper Motors
• Brushless DC Motors
• Others

By Construction:

• Coreless
• Iron Core
• Hybrid

By Power Rating:

• Below 5W
• 5W – 20W
• Above 20W

By Application:

• Consumer Electronics (Smartphones, Cameras)
• Automotive (ADAS, EVs)
• Industrial Imaging
• Security & Surveillance

By Regional Presence:

• North America: Early adoption of advanced safety systems and autonomous vehicles fuels growth.
• Europe: Stringent emission regulations and EV penetration drive demand.
• Asia-Pacific (APAC): Rapid smartphone production and EV adoption present significant opportunities.
• South America & MEA: Growing industrial and automotive sectors support gradual expansion.

Key Market Opportunities

Several factors present promising growth prospects for OIS motors:

• Growing Adoption of Electric Vehicles: EV production requires precise image stabilization systems for cameras and sensors, expanding the OIS motor market.
• Technological Advancements: Innovations in compact and efficient OIS motors enhance performance in mobile and automotive applications.
• Stringent Emission Regulations: Governments encourage EV adoption and smart transportation, indirectly boosting OIS motor demand.
• Expansion of Renewable Energy Sources: Renewable energy projects employ imaging systems for monitoring, increasing motor demand.
• Rise of Shared Mobility Services: Car-sharing and fleet management systems rely on advanced imaging and driver-assistance technologies, creating new avenues for OIS integration.

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Competitive Landscape

The OIS Motor Market is highly competitive with key global players driving innovation and strategic expansions:

• Hon Hai Precision Industry Co., Ltd.
• Eaton Corporation
• Mersen
• R. STAHL AG
• Mitsubishi Electric Corporation
• ABB Ltd.
• Siemens AG
• Phoenix Contact GmbH & Co. KG
• Rittal GmbH & Co. KG
• Schneider Electric SE
• Rockwell Automation, Inc.
• Emerson Electric Co.
• Siemens Industry, Inc.

These companies focus on product innovation, strategic partnerships, and mergers & acquisitions to strengthen market position.

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Market Forecast

From 2024 to 2032, the OIS Motor Market is expected to grow steadily at a CAGR of 4.55%, driven by rising technological adoption, electrification of transportation, and increasing safety requirements across industries. By 2032, the market is anticipated to reach USD 14.8 billion, reflecting robust growth potential across both consumer electronics and automotive sectors.

Explore our Global Report in Regional Languages

オイスモーターマーケット | Ois Motor Market | Marché automobile Ois | 오이스 모터 마켓 | Ois 汽车市场 | Mercado de motores de Ois

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