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Global Encoder Market: By Type: Rotary Encoder, Linear Encoder; By Technology: Optical, Magnetic, Photoelectric, Others; By End Use: Automotive, Electronics, Textile, Printing Machinery, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Encoder Market Outlook

The global encoder market attained a value of nearly USD 1.92 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 8% to reach nearly USD 3.04 billion by 2026.

 

Global Encoder Market

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Flourishing Robotics Industry Aiding the Growth of Encoder Industry

Encoders are used widely in many industries to facilitate production and ensure precision. They are used in the flourishing food and beverage industry for filling, conveying, motor feedback, x-y positioning, and registration mark timing, among others, which is aiding the market growth. Encoders are also used to implement the Internet of things (IoT) to receive both position and information; consequently, catalysing the market growth.  Moreover, the increasing use of computer numerical control (CNC) machines is also catalysing the encoder industry. The robust growth of the robotics industry and the extensive use of encoders in it are further propelling the market growth. Increasing research and development (R&D) in computing and technologies have enabled the maintenance and installation of robots easier and cost-effective, consequently augmenting the market growth for encoders.

Additionally, encoders are extensively used to ensure the precision of the automated machines such as automated guided vehicles (AGC) or autonomous mobile robot (AMR) for various functions such as redundancy, lift control, steering assembly, and drive motors. The use of encoders to determine position, speed, count, and direction is further augmenting the market growth for encoders. The rising production and surging popularity of automated cars also account for the growth of the encoder industry. Encoders are increasingly used to improve consumer experience by providing real-time speed, rotational positional information, and acceleration, further fuelling the market growth.

 

Encoder: Industry Definition and Segmentation

An encoder is a device that converts data from one format to another. It converts motion to an electric signal which can be read by control devices such as counter or PLC. It also sends a feedback signal which can determine position, speed, count, and direction.

 

Global Encoder Market By Technology

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The major types of encoder are:

  • Rotary Encoder
  • Linear Encoder

The market can be broadly categorised on the basis of its technology into:

  • Optical
  • Magnetic
  • Photoelectric
  • Others

Based on the end use, the market is segmented into:

  • Automotive
  • Electronics
  • Textile
  • Printing Machinery
  • Industrial
  • Pharmaceuticals
  • Others

The EMR report looks into the regional markets of encoder like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Encoder Market By Region

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Increasing Automation to Bolster the Growth of Encoder Industry

Surging automation in various industries such as automobiles, healthcare, food and beverage, aerospace, packaging, and electronics, among others, is driving the market growth. As encoders convert motion into electrical feedback signals to measure changes in position, speed, count, direction, and linear distance, they are extensively used in various automated applications. The use of encoders to improve performance, productivity, and reduce costs in the automotive industry is further propelling the market growth. The development and surging production of automotive vehicles, especially cars, equipped with superior technology and features such as Bluetooth and cellular technology use encoders to determine the position and location-based prompts, which is expected to aid the market growth in the forecast period.

The digitisation of the healthcare sector and the increasing demand for medical professionals are boosting the demand for integrating specialised knowledge, skills, and experience with new technology. Encoders not only reduce the risk for medical errors but also aid in developing new lab procedures. The use of rotary encoders in precise medical imaging through CT and MRI machinery is also augmenting the market growth. Moreover, radiation therapy uses encoders as it requires linear and angular technology, further invigorating the market growth. The use of encoders in precise portable medical devices offering great resolution and high accuracy is further anticipated to catalyse the industry growth in the forecast period.

 

Key Industry Players in the Global Encoder Market

The report presents a detailed analysis of the following key players in the global encoder market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • OMRON Corporation
  • Schneider Electric
  • Rockwell Automation, Inc.
  • Panasonic Corporation
  • Sensata Technologies, Inc.
  • Baumer Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology, End Use, Region
Breakup by Type Rotary Encoder, Linear Encoder
Breakup by Technology Optical, Magnetic, Photoelectric, Others
Breakup by End Use Automotive, Electronics, Textile, Printing Machinery, Industrial, Pharmaceuticals, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered OMRON Corporation, Schneider Electric, Rockwell Automation, Inc., Panasonic Corporation, Sensata Technologies, Inc, Baumer Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Encoder Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Encoder Historical Market (2016-2020) 
    8.3    Global Encoder Market Forecast (2021-2026)
    8.4    Global Encoder Market by Type
        8.4.1    Rotary Encoder
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Linear Encoder
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Encoder Market by Technology
        8.5.1    Optical
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Magnetic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Photoelectric
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Encoder Market by End Use
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Electronics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Textile
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Printing Machinery
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Industrial
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Pharmaceuticals
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global Encoder Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    OMRON Corporation
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Schneider Electric
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Rockwell Automation, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Panasonic Corporation
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Sensata Technologies, Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Baumer Group
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments


List of Figures and Tables

1.    Global Encoder Market: Key Industry Highlights, 2016 and 2026
2.    Global Encoder Historical Market: Breakup by Type (USD Million), 2016-2020
3.    Global Encoder Market Forecast: Breakup by Type (USD Million), 2021-2026
4.    Global Encoder Historical Market: Breakup by Technology (USD Million), 2016-2020
5.    Global Encoder Market Forecast: Breakup by Technology (USD Million), 2021-2026
6.    Global Encoder Historical Market: Breakup by End Use (USD Million), 2016-2020
7.    Global Encoder Market Forecast: Breakup by End Use (USD Million), 2021-2026
8.    Global Encoder Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Encoder Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Encoder Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Encoder Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Encoder Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Encoder Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Encoder Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Encoder Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Encoder Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Encoder Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Encoder Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Encoder Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Encoder Market Structure

Key Questions Answered in the Report

In 2020, the global encoder market attained a value of nearly USD 1.92 billion.

The market is projected to grow at a CAGR of 8% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach nearly USD 3.04 billion by 2026.

The industry is being aided by the increasing use of robotics in various industries and its use in automated machines to ensure precision.

The market is driven by the surging production of automated vehicles and the digitisation of healthcare sector.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The dominant types of encoder in the industry are rotary encoder and linear encoder.

The significant technologies of encoder are optical, magnetic, and photoelectric, among others.

The leading end uses of encoder are automotive, electronics, textile, printing machinery, industrial, and pharmaceuticals, among others.

The major players in the industry are OMRON Corporation, Schneider Electric, Rockwell Automation, Inc., Panasonic Corporation, Sensata Technologies, Inc., and Baumer Group, among others.

Analyst Review

The global encoder market attained a value of nearly USD 1.92 billion in 2020, driven by the increasing use of robotics in various industries. Aided by the surging production of automated vehicles, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8%. The market is projected to reach nearly USD 3.04 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the encoder industry can be segmented into rotary encoder and linear encoder. Based on the technology, the market is segmented into optical, magnetic, and photoelectric, among others. On the basis of end uses, the industry is divided into automotive, electronics, textile, printing machinery, industrial, and pharmaceuticals, among others. The major regional markets for encoder are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include OMRON Corporation, Schneider Electric, Rockwell Automation, Inc., Panasonic Corporation, Sensata Technologies, Inc., and Baumer Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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