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Global Encoder Market Analysis, Share, Trends, Forecast: By Type: Rotary Encoder, Linear Encoder; By Technology: Optical, Magnetic, Photoelectric, Others; By End Use: Automotive, Electronics, Textile, Printing Machinery, Industrial, Pharmaceuticals, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Encoder Market Outlook
The global encoder market attained a value of nearly USD 2.42 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8% to reach nearly USD 4.83 billion by 2032.
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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: Market 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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| 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. |
Encoder Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Encoder Market Analysis
8.1 Key Industry Highlights
8.2 Global Encoder Historical Market (2018-2023)
8.3 Global Encoder Market Forecast (2024-2032)
8.4 Global Encoder Market by Type
8.4.1 Rotary Encoder
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Linear Encoder
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Encoder Market by Technology
8.5.1 Optical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Magnetic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Photoelectric
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Encoder Market by End Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Electronics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Textile
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Printing Machinery
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Industrial
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Pharmaceuticals
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Encoder Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Encoder Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Encoder Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Encoder Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Encoder Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Encoder Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 OMRON Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Schneider Electric
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Rockwell Automation, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Panasonic Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Sensata Technologies, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Baumer Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Encoder Market: Key Industry Highlights, 2018 and 2032
2. Global Encoder Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Encoder Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Encoder Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Global Encoder Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Global Encoder Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Encoder Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Encoder Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Encoder Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Encoder Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Encoder Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Encoder Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Encoder Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Encoder Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Encoder Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Encoder Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Encoder Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Encoder Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Encoder Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Encoder Market Structure
Key Questions Answered in the Report
In 2023, the global encoder market attained a value of nearly USD 2.42 billion.
The market is projected to grow at a CAGR of 8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 4.83 billion by 2032.
The rising use of encoders to ensure precision in various end-use sectors, the increasing utilisation of computer numerical control (CNC) machines, the growth of the robotics sector, and the surging trend of automation in the manufacturing sector are the major drivers of the market.
The key trends guiding the market include the surging popularity of automated cars, the digitisation of the healthcare sector, and the rising demand for encoders in precise portable medical devices.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of encoder include rotary encoder and linear encoder.
The various 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 market 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 2.42 billion in 2023, 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 2024-2032, growing at a CAGR of 8%. The market is projected to reach nearly USD 4.83 billion by 2032.
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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