Encoder Market 2025-2029
The encoder market is forecasted to grow by USD 2054.8 mn during 2024-2029, accelerating at a CAGR of 11.1% during the forecast period. The report on the encoder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of automation and industry 4.0, rising demand for robotics, and growing adoption of electric vehicles.
Technavio's encoder market is segmented as below:
By Type
By Product Type
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the introduction of new products as one of the prime reasons driving the encoder market growth during the next few years. Also, increasing adoption of renewable energy and shift toward miniaturization and compact designs will lead to sizable demand in the market.
The report on the encoder market covers the following areas:
- Encoder Market sizing
- Encoder Market forecast
- Encoder Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading encoder market vendors that include ABB Ltd., Alps Alpine Co. Ltd., Balluff GmbH, Baumer Holding AG, Bourns Inc., Broadcom Inc., Fortive Corp., FRABA BV, Grayhill Inc., HEIDENHAIN, Honeywell International Inc., ifm electronic gmbh, maxon, Mitsubishi Electric Corp., Mitutoyo America Corp., OMRON Corp., Panasonic Holdings Corp., Pepperl and Fuchs SE, Renishaw Plc, Rockwell Automation Inc., Schneider Electric SE, Sensata Technologies Inc., and Siemens AG. Also, the encoder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.