Optical Encoder Market, By Configuration (Shafted, Hollow Shaft, Absolute Single Turn, Multi-turn, Incremental), By Output Signal Format (Analog, Digital), By Application (Healthcare Equipment, Metalworking Equipment, Consumer Electronics and Semiconducto

Optical Encoder Market, By Configuration (Shafted, Hollow Shaft, Absolute Single Turn, Multi-turn, Incremental), By Output Signal Format (Analog, Digital), By Application (Healthcare Equipment, Metalworking Equipment, Consumer Electronics and Semiconductor Manufacturing Equipment, Communication System, Test and Measurement Equipment, Assembly and Robotics Equipment, Others), By End User (Public Sector, Manufacturing Industry, IT and Telecommunication Industry, Others), By Manufacturing End User (Space and Aviation Industry, Consumer Electronics Industry, Instrumentation, Test and Measurement Equipment Industry, Automobile Industry, Rest of Manufacturing Industry), By Region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (Excluding Japan), Japan, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

An optical encoder is an extremely useful type of movement-sensing device. It is used in a variety of applications from military surveillance to industrial automation, and it is often the mechanism behind the encryption used in such systems as ATM card readers and credit card machines. These devices are often built right into large LCD displays and can be controlled over a wide range of frequencies. As the encoders change their state from state A to state B, the display will alter accordingly. This means that the display can be completely reprogrammed for any desired display configuration at any time, making this technology highly flexible. The key advantages of using an optical encoder are cost-effectiveness and flexibility. Encoders are constructed from a variety of components, including optical tubes, resistors and contacts, and the laser itself. Each component has its own advantages and disadvantages. For instance, some types of optical tube assemblies have very narrow beamwidth, which makes them less efficient than other types of assemblies.
Market Dynamics
Rising demand for consumer electronics is expected to boost the global optical encoder market growth over the forecast period. Optical encoders detect the optical pulse signals that have passed through the slit and converts them into electrical signals. With growing demand for consumer electronic products such as smartphones, tablets, laptops, and more. Furthermore, the consumer electronics industry witnessed massive growth in both developed and emerging economies such as India, China, which in turn, has increased the demand for optical encoders. According to the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics (ACE) market was valued at US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion by 2025.
Furthermore, the rapid adoption of Industry 4.0 is expected to propel the global optical encoder market growth over the forecast period.

Key features of the study:
This report provides in-depth analysis of the optical encoder market, and provides market size (US$ 2010.8 Million) and compound annual growth rate (8.7%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global optical encoder market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Honeywell International Inc., Renishaw plc, Sensata Technologies, Inc., US Digital, Rockwell Automation, Inc., Allied Motion Technologies Inc., and Grayhill Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global optical encoder market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global optical encoder market
Detailed Segmentation:
Global Optical Encoder Market, By Configuration
Shafted
Hollow Shaft
Absolute Single Turn
Multi-turn
Incremental
Global Optical Encoder Market, By Output Signal Format
Analog
Digital
Global Optical Encoder Market, By Application
Healthcare Equipment
Metalworking Equipment
Consumer Electronics and Semiconductor Manufacturing Equipment
Communication System
Test and Measurement Equipment
Assembly and Robotics Equipment
Others
Global Optical Encoder Market, By End User
Public Sector
Manufacturing Industry
IT and Telecommunication Industry
Others
Global Optical Encoder Market, By Manufacturing End User
Space and Aviation Industry
Consumer Electronics Industry
Instrumentation, Test and Measurement Equipment Industry
Automobile Industry
Rest of Manufacturing Industry
Global Optical Encoder Market, By Region
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (Excluding Japan)
Japan
Middle East and Africa
Company Profiles
Panasonic Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Honeywell International Inc.
Renishaw plc,
Sensata Technologies, Inc.
US Digital
Rockwell Automation, Inc.
Allied Motion Technologies Inc.
Grayhill Inc.
*Browse all the market data tables and figures on “Global Optical Encoder Market - Forecast to 2028”