Encoder market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). Encoder demand is being driven by the increasing adoption of automation across a variety of industries, including manufacturing, automotive, and healthcare. Encoders play a critical role in giving accurate position feedback and precise motion control, both of which are required for automated systems. Electric vehicles, autonomous driving, and space exploration are all driving considerable growth in the automotive and aerospace industries. Hence, the market is growing with increasing product launches in the market. For instance, In September 2023, 4B Group has introduced the Encoder-Flex 1024, a configurable multi-function encoder designed for monitoring position or speed. The Encoder-Flex 1024 has many applications and is very well suited to monitor the position of rack and pinion gates, angular position of distributors, as well as shaft speed for rotating machines such as bucket elevators and conveyors. The new, ATEX-approved Encoder-Flex 1024 has numerous industrial applications in one design.
Get Free Sample link @ https://www.omrglobal.com/request-sample/encoder-market
Among the type, the rotary sub-segment is expected to hold a considerable share of the global Encoder market. This segmental growth is attributed to several factor such as, rotary encoders are widely used in applications such as assembly machines, and packaging. It provides advantages such as highly reliable and accurate, low-cost feedback, high resolution, integrated electronics, fuses optical and digital technology, and others. Hence, companies are working on development of better technology and adopting various strategic initiatives such as partnership, product launch and acquisition to stay competitive in the market. For instance, In October 2023, M5Stack announced the launch of the M5Dial, a smart rotary control device with a colour touchscreen display, based on the company’s M5StampS3 module itself built around the Espressif ESP32-S3 microcontroller. As a versatile embedded development board, M5Dial integrates the necessary features and sensors for various smart home control applications, It features a 1.28-inch round TFT touchscreen, a rotary encoder, and Radio-Frequency Identification detection module, an RTC circuit, a buzzer, and under-screen buttons, enabling users to easily implement a wide range of creative projects.
full report of Encoder Market available @ https://www.omrglobal.com/industry-reports/encoder-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Encoder Market by Type
- Rotary
- Linear
Global Encoder Market by Technology
- Optical
- Photoelectric
- Magnetic
- Others (Mechanical, visual sensing and laser)
Global Encoder Market by Industry Vertical
- Automotive
- Aerospace
- Manufacturing
- Healthcare
- Power and utility
- Others (printing machine and textile)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Alps Alpine Co., Ltd.
- Baumer Electric AG
- BEI Sensors
- Broadcom
- CUI Devices
- Dynapar
- ELCO Holding
- Fenac Engineering
- Fraba B.V.
- Grayhill Inc.
- Heidenhain Corp
- Honeywell International, Inc.
- Mitutoyo Corp
- Omron Corp
- Panasonic Corp
- Renishaw plc
- Rockwell Automation, Inc.
- Schneider Electric
- Sensata Technologies, Inc.
- TE Connectivity
- Wachendorff Automation GmbH & Co. KG
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global encoder market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/encoder-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
