Encoder Market By Type (Rotary and Linear), Technology (Optical, Photoelectric, Magnetic, and Others), Industry Vertical (Industrial, Healthcare, Printing Machinery, Textile, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Encoders are a sensing device that are used to ensure the precision of the automated machines, such as automated guided vehicles (AGC) or autonomous mobile robot (AMR) for various functions, such as redundancy, lift control, steering assembly, and drive motors. The use of encoders to determine position, speed, count, and direction is further augmenting the market growth for encoders. The rising production and surging popularity of automated cars also account for the growth of the encoder market. Encoders are increasingly used to improve consumer experience by providing real-time speed, rotational positional information, and acceleration, further fueling the market growth.
The encoder market is segmented on the basis of type, technology, industry vertical, and region. By type, the market is divided into rotary and linear. The technology segment is divided into optical, photoelectric, magnetic, and others. The industry vertical segment is divided into industrial, healthcare, printing machinery, textile, and others. The industrial segment is further divided into manufacturing, automotive, aerospace, and others. The manufacturing segment is further divided into consumer electronics, power, and others.
Region-wise, the encoder market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific remains a significant participant in the global encoder industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
The key players operating in the market include encoder market players, such as Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding, FENAC, FRABA B.V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the encoder market analysis from 2021 to 2031 to identify the prevailing encoder market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the encoder market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global encoder market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By by Type
Rotary
Linear
By by Technology
Optical
Photoelectric
Magnetic
Others
By by Industry Vertical
Industrial
Type
Manufacturing
Automotive
Aerospace
Others
Healthcare
Printing Machinery
Textile
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Netherlands
Belgium
Poland
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Malaysia
Thailand
Philippines
Indonesia
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Alps Alpine Co., Ltd.
Bourns, Inc.
Broadcom Inc.
CUI Devices
Dynapar
ELCO Holding
FRABA B.V.
Grayhill Inc.
HEIDENHAIN
Omron Corporation
Panasonic Corporation
Rockwell Automation, Inc.
Schneider Electric
Sensata Technologies, Inc.
TT Electronics
TE Connectivity
FENAC / Fenac Technology / Fenac Engineering
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