Global Optical Encoders Market Growth 2025-2031

Global Optical Encoders Market Growth 2025-2031

The global Optical Encoders market size is predicted to grow from US$ 13060 million in 2025 to US$ 18440 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

An optical encoder is a type of encoder that uses a sensor to identify position change as light passes through a patterned encoder wheel or disk.

Global Optical Encoders key players include Broadcom, BEI Sensors, Renishaw, Baumer Group, etc. Global top four manufacturers hold a share nearly 25%.

North America is the largest market, with a share over 35%, followed by China, and Europe, both have a share about 40 percent.

In terms of product, Incremental Encoders is the largest segment, with a share over 65%. And in terms of application, the largest application is Machine Tool, followed by Assembly Equipment, Consumer Electronics, Healthcare, etc.

LP Information, Inc. (LPI) ' newest research report, the “Optical Encoders Industry Forecast” looks at past sales and reviews total world Optical Encoders sales in 2024, providing a comprehensive analysis by region and market sector of projected Optical Encoders sales for 2025 through 2031. With Optical Encoders sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Optical Encoders industry.

This Insight Report provides a comprehensive analysis of the global Optical 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 Optical Encoders portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Optical Encoders market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Optical 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 Optical Encoders.

This report presents a comprehensive overview, market shares, and growth opportunities of Optical Encoders market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Incremental Encoders
Absolute Encoders

Segmentation by Application:
Healthcare
Machine Tool
Consumer Electronics
Assembly Equipment
Other

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 analysing the company's coverage, product portfolio, its market penetration.
Broadcom
BEI Sensors
Renishaw
Dynapar
Baumer Group
TAMAGAWA SEIKI Co.,Ltd
CTS
Allied Motion
EPC
US Digital
CUI
OMRON Corporation
HEIDENHAIN
Bourns
Grayhill
Gurley Precision Instruments
HONEYWELL INTERNATIONAL INC
Graduate Honest Sensor Corp
HONTKO
Yuheng Optics Co., Ltd
Inovance Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Optical Encoders market?

What factors are driving Optical Encoders market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Optical Encoders market opportunities vary by end market size?

How does Optical Encoders break out by Type, by Application?

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