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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.
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.
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.
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.
*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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