Voice Coil Motor Driver Chips Market 2025-2032
The global Voice Coil Motor Driver Chips Market size was valued at US$ 678 million in 2024 and is projected to reach US$ 1.12 billion by 2032, at a CAGR of 7.3% during the forecast period 2025-2032 Voice Coil Motor Driver Chips Market Overview After a strong growth of 26.2% in 2021, the World Semiconductor Trade Statistics (WSTS) revised its forecast to single-digit growth in 2022, due to rising inflation and weakening demand in end markets—particularly those linked to consumer spending. The global semiconductor market reached a total size of USD 580 billion in 2022, marking a year-over-year (YoY) growth of 4.4%. Segment-Wise Performance (YoY Growth in 2022) Analog : +20.8% Sensors : +16.3% Logic : +14.5% Memory : -12.6% Regional Sales Performance in 2022 Americas : Sales: USD 142.1 billion Growth: +17.0% YoY Europe : Sales: USD 53.8 billion Growth: +12.6% YoY Japan : Sales: USD 48.1 billion Growth: +10.0% YoY Asia Pacific (Largest Region): Sales: USD 336.2 billion Decline ...