Heat dissipation technology using the flow resonant phenomenon is a kind of a new concept in the heat transfer area. A vibration exciter is needed to enhance air flow mixing which has the natural shedding frequency of thermal system. A mechanical vibrating device for the air flow oscillation is introduced, which is driven by a moving coil actuator with a displacement estimator using strain gage. An analytical dynamic model for this mechanical vibration exciter is presented and its validity is checked by the comparison with experimental data. Values of some unknown system parameters in the analytic model are estimated through the system identification approach. Based on this mathematical model, the vibration exciter using strain displacement estimator is developed. During the experimental verification phase, it turns out the high modal resonant characteristics of a vibrating plate are a major barrier against obtaining a high bandwidth vibration exciter.