Global Absolute Rotary Encoders Market Research Report 2023(Status and Outlook)

Global Absolute Rotary Encoders Market Research Report 2023(Status and Outlook)

Report Overview

A rotary encoder, also called a shaft encoder, is an electro-mechanical device that converts the angular position or motion of a shaft or axle to an analog or digital code. There are two main types: absolute and incremental (relative). Absolute rotary encoders provide a distinctly coded numerical value for each shaft position. In positioning tasks in particular, the absolute encoders relieve the controller of computation tasks and keep costs down by eliminating the need for additional input components. Moreover, reference runs when the machine is switched on or after power failures are no longer required as the current position value is available immediately. Parallel absolute encoders transmit the position value to the analyzing electronics through several parallel cables. Serial absolute encoders transmit their output data via standardized interfaces and protocols.

Global Absolute Rotary Encoders key players include Heidenhain, Tamagawa, Nemicon, P+F, Baumer, etc. Global top five manufacturers hold a share about 55%. Europe is the largest market, with a share about 45%, followed by North America, with a share about 25 percent. In terms of product, Single-Turn is the largest segment, with a share about 60%. And in terms of application, the largest application is Machine Tool, followed by Healthcare, Assembly Equipment, Consumer Electronics, etc.

The Global Absolute Rotary Encoders Market Size was estimated at USD 1415 million in 2022 and is projected to reach USD 1899.97 million by 2029, exhibiting a CAGR of 4.30% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Absolute Rotary Encoders market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Absolute Rotary Encoders Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Absolute Rotary Encoders market in any manner.

Global Absolute Rotary Encoders Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Heidenhain

Tamagawa

Nemicon

P+F

TR Electronic

Baumer

Kuebler

Danaher

Omron

Koyo

Sensata(BEI)

Sick

Yuheng Optics

ELCO

Wuxi CREATE

Roundss

Sanfeng

Shanghai HOUDE

Market Segmentation (by Type)

Multi-Turn Encoders

Single-Turn Encoders

Market Segmentation (by Application)

Biopharmaceutical Production

Research

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Absolute Rotary Encoders Market

Overview of the regional outlook of the Absolute Rotary Encoders Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors