Global Encoders Market, By Type (Linear, Rotary), By Technology (Optical, Magnetic, Others), By End

Published Date: | Report Code : IT1958688

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Market Dynamics

The Global Encoders Market is expected to promise high growth owing to the increasing demand for the Increasing adoption of IoT in industries in recent years. Increasing demand from End-Use industries including Automotive, Industrial, Consumer Electronics, Food & Beverage, Medical, Others is expected to drive the growth of the global encoders market. This market has witnessed the number of key developments by major companies including ZOmron Corporation, Baumer Group, Bei Sensors, Dynapar, Rockwell Corporation, Inc., Faulhaber Group, Heidenhain, Hengstler Gmbh, Ifm Electronic, Maxon Motor Ag, Pepprl+Fuchs, Pilz Gmbh & Co. KG And Renishaw Plc. with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Segment Analysis

An Encoder is a device that converts an analog signal to a digital signal. It can deliver data immediately after being collected that helps with accuracy, and it enhances the operational speed while easing the process control. The encoder creates either incremental or absolute signals. 

The market is segmented based on type, technology, and end-users.

On the basis of the type, it is bifurcated as linear and rotary. The linear segment is growing as there has been a substantial increase in demand for industrial components. The rotary segment is also steadily increasing due to the growth of its end-use industries. Rotary encoders are mainly used for position sensing across different applications such as consumer electronics, robotics.

By the technology used, it is divided as optical, magnetic, and others.

Based on the end-users, it is segmented as Automotive, Industrial, Consumer Electronics, Food & Beverage, Medical, and Others. The automotive sector is the leading end-user industry for this market. The automotive industry has undergone several advancements related to technology, which have given rise to the smart cars, autonomous cars, etc. the increasing demand for vehicles and the increase in the production of components are driving the encoder market. The different components have a requirement for the different types of encoders.

The increase in the manufacturing facilities for various industries in the APAC region has driven the demand for encoders in the region. The growth of the automotive industry in the APAC region is also driving the market.

Key Factors Impacting Market Growth:

  • Increasing adoption of IoT in industries

  • Growth of end-user industries

Key Developments:

  • In January 2019, WorldCast (France) systems launched the first RDS encoder with Audemat Encoder enabling the addition of RDS information directly into a fully digital chain. It enables the broadcaster to move into a fully digital environment because of its spectral purity and quality.

  • In November 2018, Renishaw (UK) launched a Quantic Rotary Encoder system which uses a 40 µm-pitch ring scale called RESM40 which is available in a wide range of sizes. Advanced Diagnostic Tool and combination of wider tolerance increased the ease of the set- up.

Regional Analysis

By region, the global encoders market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the global encoders market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America global encoders market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Omron Corporation, Baumer Group, Bei Sensors, Dynapar, Rockwell Corporation, Inc., Faulhaber Group, Heidenhain, Hengstler Gmbh, Ifm Electronics, Maxon Motor Ag, Pepprl+Fuchs, Pilz Gmbh & Co. KG, And Renishaw Plc.

Market Segmentation:

By Type:

  • Linear

  • Rotary

By Technology:

  • Optical

  • Magnetic

  • Others

By End Users:

  • Automotive

  • Industrial

  • Consumer Electronics

  • Food & Beverage

  • Medical

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Technology

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Technology

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Technology

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Technology

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Technology

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Technology

    • By End Users

Reasons To Buy This Report:

  • Market size estimation of the global Encoders Market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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