North America Encoder Market Size, Share & Industry Trends Analysis Report By Type (Rotary and Linear), By Application, By Signal Type (Incremental and Absolute), By Technology (Magnetic, Optical, Inductive), By Country and Growth Forecast, 2022 - 2028
The North America Encoder Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Encoders translate movement into an electrical signal that a counter or PLC, or any control device in a motion-control system, can read. A feedback signal from the encoder can be used to calculate position, speed, count, or direction. This data can be used by a control device to transmit a command for a specific task.
Mechanical, magnetic, resistive, and optical technologies are all used by encoders to create signals, with visual being the most popular. For example, the encoder in optical sensing gives feedback depending on the light disturbance.
The Code Disk, which has an opaque line pattern, is traversed by an LED light beam. The opaque stripes on the Code Disk on the encoder shaft cause the light beam from the LED to be broken before being detected by the Photodetector Assembly. This generates a pulse signal: light = on; no light = off. The signal produces the desired function once it is conveyed to the counter or controller.
The United States Government is dedicated to supporting surface transportation innovations to make sure that the nation takes the lead globally in the development and integration of automated vehicle (AV) technology, while also giving top priority to safety, security, and privacy, as well as defending the liberties enjoyed by Americans. The U.S. Government is aware of the importance of industry leadership in AV innovation research, development, and integration. However, in order to assure safety, free markets, efficient use of limited public resources, and protection of the public interest, such innovation requires proper government control.
The US market dominated the North America Encoder Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,015.5 million by 2028. The Canada market is poised to grow at a CAGR of 10.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10% during (2022 - 2028).
Based on Type, the market is segmented into Rotary and Linear. Based on Application, the market is segmented into Industrial, Healthcare, Power, Food & Beverage, Automotive, Consumer Electronics, Aerospace, Printing, Textile, and Others. Based on Signal Type, the market is segmented into Incremental and Absolute. Based on Technology, the market is segmented into Magnetic, Optical, Inductive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Renishaw PLC, Dr. Johannes Heidenhain GmbH, Fraba B.V., Sensata Technologies Holdings PLC, IFM Electronics GmbH, Mitutoyo Corporation, Pepperl + Fuchs Group, Fortive Corporation, Maxon Motor Ag, and Balluff GmbH.
Scope of the Study
Market Segments covered in the Report:
By Type
- Rotary
- Linear
- Industrial
- Healthcare
- Power
- Food & Beverage
- Automotive
- Consumer Electronics
- Aerospace
- Printing
- Textile
- Others
- Incremental
- Absolute
- Magnetic
- Optical
- Inductive
- Others
- US
- Canada
- Mexico
- Rest of North America
- Renishaw PLC
- Dr. Johannes Heidenhain GmbH
- Fraba B.V.
- Sensata Technologies Holdings PLC
- IFM Electronics GmbH
- Mitutoyo Corporation
- Pepperl + Fuchs Group
- Fortive Corporation
- Maxon Motor Ag
- Balluff GmbH
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Encoder Market, by Type
- 1.4.2 North America Encoder Market, by Application
- 1.4.3 North America Encoder Market, by Signal Type
- 1.4.4 North America Encoder Market, by Technology
- 1.4.5 North America Encoder Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2018, Feb – 2022, Nov) Leading Players
- Chapter 4. North America Encoder Market by Type
- 4.1 North America Rotary Market by Country
- 4.2 North America Linear Market by Country
- Chapter 5. North America Encoder Market by Application
- 5.1 North America Industrial Market by Country
- 5.2 North America Healthcare Market by Country
- 5.3 North America Power Market by Country
- 5.4 North America Food & Beverage Market by Country
- 5.5 North America Automotive Market by Country
- 5.6 North America Consumer Electronics Market by Country
- 5.7 North America Aerospace Market by Country
- 5.8 North America Printing Market by Country
- 5.9 North America Textile Market by Country
- 5.1 North America Others Market by Country
- Chapter 6. North America Encoder Market by Signal Type
- 6.1 North America Incremental Market by Country
- 6.2 North America Absolute Market by Country
- Chapter 7. North America Encoder Market by Technology
- 7.1 North America Magnetic Market by Country
- 7.2 North America Optical Market by Country
- 7.3 North America Inductive Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Encoder Market by Country
- 8.1 US Encoder Market
- 8.1.1 US Encoder Market by Type
- 8.1.2 US Encoder Market by Application
- 8.1.3 US Encoder Market by Signal Type
- 8.1.4 US Encoder Market by Technology
- 8.2 Canada Encoder Market
- 8.2.1 Canada Encoder Market by Type
- 8.2.2 Canada Encoder Market by Application
- 8.2.3 Canada Encoder Market by Signal Type
- 8.2.4 Canada Encoder Market by Technology
- 8.3 Mexico Encoder Market
- 8.3.1 Mexico Encoder Market by Type
- 8.3.2 Mexico Encoder Market by Application
- 8.3.3 Mexico Encoder Market by Signal Type
- 8.3.4 Mexico Encoder Market by Technology
- 8.4 Rest of North America Encoder Market
- 8.4.1 Rest of North America Encoder Market by Type
- 8.4.2 Rest of North America Encoder Market by Application
- 8.4.3 Rest of North America Encoder Market by Signal Type
- 8.4.4 Rest of North America Encoder Market by Technology
- Chapter 9. Company Profiles
- 9.1 Sensata Technologies Holdings PLC
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.2 Fortive Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.3 Renishaw PLC
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.4 IFM Electronics GmbH
- 9.4.1 Company Overview
- 9.5 Maxon Motor Ag
- 9.5.1 Company Overview
- 9.5.2 Recent strategies and developments:
- 9.5.2.1 Product Launches and Product Expansions:
- 9.6 Fraba B.V.
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
- 9.6.2.1 Expansions:
- 9.7 Dr. Johannes Heidenhain GmbH
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Partnerships, Collaborations, and Agreements:
- 9.7.2.2 Product Launches and Product Expansions:
- 9.7.2.3 Acquisition and Mergers:
- 9.8 Balluff GmbH
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Product Launches and Product Expansions:
- 9.9 Mitutoyo Corporation
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.10. Pepperl + Fuchs Group
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
- 9.10.2.1 Product Launches and Product Expansions:
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