The Global Encoder
A mechanical motion sensor called an encoder analyses data, transforms it into a code, and can reverse the code back to its original form. An encoder may give users of motion control systems information about location, velocity, and direction because it is an electro-mechanical device. Additionally, the capacity of encoders to deliver real-time data is helping the industries improve operating speed, bring precision to workflow, and simplify process control. As a result, through 2027, the high productivity solutions provided by encoders will drive the market's expansion. In many applications such as automotive, consumer electronics, industrial, and others, employ linear and rotary encoders sensing technologies.
Surface Mount Technology (SMT) procedures in encoder devices, optical technology-based encoders, and the burgeoning Internet of Things (IoT) technology are just a few examples of the new technologies being continuously developed and implemented.
Encoders are being used more often for machine monitoring and control.
The market for encoders is expanding because of the solutions that encoders offer for motion control in different industrial automation systems applications. For factory automation, encoders offer a variety of qualities including speed, durability, and dependability. During the projection period, the encoder market will be driven by these characteristics.
For many industrial applications, there is a growing need for better automated controls that may boost production, cut costs, and enhance performance. Encoder demand is, hence driving automotive applications. The market for encoders is expanding due to the solutions that encoders offer for motion control in different industrial automation systems applications., being opportune for the growth of the Encoder market.
Automotive Industry Renewal Fueling Growth
The automotive industry is anticipated to have a sizable part of the worldwide market due to the quick adoption of IoT, which employs encoders for several purposes.
The position or angular motion of the encoder blade is translated into digital code with the aid of an encoder. Robotics, industrial controls, temperature control systems, computer input devices, and numerous user interfaces are few applications that rotary encoders are primarily employed in.
For a variety of purposes, including redundancy, lift control, steering assembly, and drive motors, encoders are widely employed to assure the precision of automated machines like Automated Guided Vehicles (AGV) or Autonomous Mobile Robots (AMR).
Market Segmentation
Global
Market player
Recent Development
- In Nov 2022, anothersignificant turning point in the Baumer Group's corporate history occurs whenannual sales reach 500 million euros. Every industry sector and overseas salesare growing by 20%.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Technology Type End User Industry |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Russia, Switzerland; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Israel; Turkey |
| Key companies profiled | Baumer Holding AG, Sensata Technologies, Inc., Rockwell Automation Inc, Dynapar Corporation, Omron Automation, Dr. Fritz Faulhaber GmbH & Co. KG, Posital-Fraba Inc, Heidenhain GmbH, Elco Industrie Automation GmbH, Maxon Motor Ag. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
