Encoder Market - By Type (Rotary, Linear), By Technology (Optical, Photoelectric, Magnetic), By End Use (Aerospace, Automotive, Consumer Electronics, Healthcare, Industrial, Printing, Textile) & Forecast, 2023

Description

List of Tables

Encoder market size is projected to expand at over 9% between 2023 and 2032. The increasing rate of automation across several industries is propelling the growing demand for accurate position and motion sensing in machinery. The rising technological advancements, including the integration of optical and magnetic encoders with smart features are enhancing the functionality and applicability of encoders.

Of late, there has been a pressing need for precise control and measurement in industrial processes, robotics, and manufacturing equipment. Additionally, the growing popularity of Industry 4.0 initiatives is emphasizing the necessity for connectivity and data exchange in manufacturing. The expanding application scope of encoders in automotive, aerospace, and healthcare industries will further drive the industry growth. For instance, in January 2023, sensor intelligence provider SICK introduced its latest linear encoder product, the DAX linear encoder, to offer precise piston position detection in hydraulic cylinders whilst monitoring linear movements in machines for providing flexibility in various industry applications.

The market is segregated into type, technology, end-use, and region.

Based on type, the linear encoder industry size will register over 9% CAGR during 2023-2032, driven by the rising demand for precise position detection in hydraulic cylinders and linear motion monitoring in machinery. On account of their improved accuracy and reliability, linear encoders witness higher adoption in various industry applications.

Based on technology, the encoder industry share from the photoelectric segment is projected to increase at commendable rate through 2032. The growth is owing to the increasing adoption of photoelectric technology for precise and non-contact position sensing. The rising adoption of photoelectric encoders in various applications to offer versatility and reliability will also contribute to the segment growth.

Regionally, the Europe encoder market is estimated to accumulate sizeable share of the encoder industry and record more than 9.5% CAGR during the analysis period. This can be attributed to increasing automation in industrial processes and the high demand for accurate position sensing in machinery. In addition, the rising focus on advanced manufacturing technologies along with the growing adoption of encoders for robotics and motion control applications will also add to the regional market expansion.

Product Code: 6985

Chapter 1 Type ology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Encoder market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 Type trends
2.5 Technology trends
2.6 End-use trends

Chapter 3 Encoder Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising need for high-end automation across industries
  - 3.10.1.2 Growing adoption of industry 4.0
  - 3.10.1.3 Expansion of automotive market worldwide
  - 3.10.1.4 The demand for miniaturized and high-precision encoders
  - 3.10.1.5 The Internet of Things (IoT) & smart devices needs sensors and encoders
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Accuracy related errors
  - 3.10.2.2 Variations in international regulation.
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 HEIDENHAIN
- 4.3.2 Renishaw plc
- 4.3.3 Rockwell Automation, Inc.
- 4.3.4 Schneider Electric
- 4.3.5 TE Connectivity
- 4.3.6 Mitutoyo Corporation
- 4.3.7 Omron Corporation
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Encoder Market Estimates & Forecast, By Type (USD Million)

5.1 Key trends, by type
5.2 Rotary
5.3 Linear

Chapter 6 Encoder Market Estimates & Forecast, By Technology (USD Million)

6.1 Key trends, by technology
6.2 Optical
6.3 Photoelectric
6.4 Magnetic
6.5 Others

Chapter 7 Encoder Market Estimates & Forecast, By End-use (USD Million)

7.1 Key trends, by end-use
7.2 Aerospace
7.3 Automotive
7.4 Consumer Electronics
7.5 Healthcare
7.6 Industrial
7.7 Printing
7.8 Textile
7.9 Others

Chapter 8 Encoder market Estimates & Forecast, By Region (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

9.1 Bourns, Inc.
9.2 Broadcom Inc.
9.3 Dynapar
9.4 ELCO Holding
9.5 FRABA B.V.
9.6 Grayhill Inc.
9.7 HEIDENHAIN
9.8 Maxon
9.9 Mitutoyo Corporation
9.10 Omron Corporation
9.11 Panasonic Corporation
9.12 Pepperl+Fuchs
9.13 Renishaw plc
9.14 Rockwell Automation, Inc.
9.15 Schneider Electric
9.16 Sensata Technologies, Inc.
9.17 TE Connectivity
9.18 TT Electronics