Global Absolute Rotary Encoders Market Growth 2023-2029

Global Absolute Rotary Encoders Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Absolute Rotary Encoders Industry Forecast” looks at past sales and reviews total world Absolute Rotary Encoders sales in 2022, providing a comprehensive analysis by region and market sector of projected Absolute Rotary Encoders sales for 2023 through 2029. With Absolute Rotary Encoders sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Absolute Rotary Encoders industry.
This Insight Report provides a comprehensive analysis of the global Absolute Rotary Encoders landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Absolute Rotary Encoders portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Absolute Rotary Encoders market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Absolute Rotary Encoders and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Absolute Rotary Encoders.
The global Absolute Rotary Encoders market size is projected to grow from US$ 1443.1 million in 2022 to US$ 1958.7 million in 2029; it is expected to grow at a CAGR of 1958.7 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Absolute Rotary Encoders market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Multi-Turn Encoders
Single-Turn Encoders
Segmentation by application
Healthcare
Machine Tool
Consumer Electronics
Assembly Equipment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Heidenhain
Tamagawa
Nemicon
P+F
TR Electronic
Baumer
Kuebler
Danaher
Omron
Koyo
Sensata(BEI)
Sick
Yuheng Optics
ELCO
Wuxi CREATE
Roundss
Sanfeng
Shanghai HOUDE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Absolute Rotary Encoders market?
What factors are driving Absolute Rotary Encoders market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Absolute Rotary Encoders market opportunities vary by end market size?
How does Absolute Rotary Encoders break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.