0

Encoder Market Expected to Reach $5.1 Billion by 2031—Allied Market Research

 
2022
Encoder Market

Report Code : A14570

quote The global encoder market is expected to grow at a lucrative rate owing to the rise in adoption of encoders for communication between controls & monitoring of machines around the world. quote

Tanumoy Upadhaya - Lead Analyst
Semiconductor and Electronics, at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Encoders are sensors of mechanical motion that interpret information and convert it into a code while possessing the capacity to convert that code back to its source. It helps to find the exact location of any object and the angle of placement for certain pieces of equipment to get the desired results. Encoders also offer accuracy in workflow, speed in operation, and proper process control. It supports the performance of high feeding tasks in manufacturing industries and the manufacture of machine tools that meet the demand for high productivity.

According to the encoder market forecast, as machines become technologically advanced, enterprises are using artificial intelligence in mobile robotics, unmanned aerial drones, virtual assistants, digital twin, speech and image recognition, and machine learning. Further, encoders are used to control and commutate the rotor’s displacement at any time by consuming less energy. As mobility is driving the need for battery-powered operations, energy-efficient encoders will gain importance in future mobile robotics. Thus, the usage of rotary encoders is enhancing mobile robotics with the use of capacitive technology. Moreover, they can also help makers of many different applications meet new efficiency regulations, thus making their application easy in mobile robotics.

According to the encoder market analysis, the rotary segment was the highest contributor to the market in 2021. The industrial and healthcare segments collectively accounted for around 68.8% market share in 2021. The outbreak of the COVID-19 has significantly impacted the growth of the encoder market size.

The encoder industry key players and innovators profiled in the report include Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding , FENAC, FRABA B.V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the encoder market.

KEY FINDINGS OF THE STUDY

  • In 2021, the rotary segment was the major revenue contributor to the encoder industry, and is projected to grow at a notable CAGR of 8.64% during the forecast period.
  • The optical and magnetic segments together accounted for around 74.2% of the encoder market trends in 2021.
  • The industrial segment is projected to growth at a CAGR of  9.71% during the forecast period.
  • Asia-Pacific contributed for the major encoder market share, accounting for more than 41.8% share in 2021.

Key players profiled in the report include Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding , FENAC, FRABA B.V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the encoder market.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Encoder Market By Type (Rotary and Linear), Technology (Optical, Photoelectric, Magnetic, and Others), Industry Vertical (Industrial, Healthcare, Printing Machinery, Textile, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Encoder Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers