Encoders Market by Type, Technology, End-Use

List of Tables

The Encoders Market is projected to reach USD 9.32 billion by 2030 from USD 4.26 billion in 2022, at a CAGR of 10.27% during the forecast period.

Global Encoders Market

KEY MARKET STATISTICS
Base Year [2022]	USD 4.26 billion
Estimated Year [2023]	USD 4.68 billion
Forecast Year [2030]	USD 9.32 billion
CAGR (%)	10.27%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Encoders Market.

Based on Type, market is studied across Linear Encoders and Rotary Encoders. The Linear Encoders is further studied across Absolute I and Incremental I. The Rotary Encoders is further studied across Absolute and Incremental. The Linear Encoders commanded largest market share of 61.89% in 2022, followed by Rotary Encoders.

Based on Technology, market is studied across Inductive, Magnetic, and Optical. The Magnetic commanded largest market share of 43.27% in 2022, followed by Inductive.

Based on End-Use, market is studied across Automotive, Consumer Electronics, Food & Beverage, Industrial, Medical, Printing, and Textile. The Industrial commanded largest market share of 19.68% in 2022, followed by Food & Beverage.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.47% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Encoders Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Encoders Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Encoders Market, highlighting leading vendors and their innovative profiles. These include Advantech Co., Ltd., AMETEK Inc., Analog Devices, Inc., Autonics Corporation, Baumer Holding AG, Beckhoff Group, Bourns, Inc., Broadcom Inc., Cisco Systems, Inc., CTS Corporation, Dr. Fritz Faulhaber GmbH & Co. KG, Dr. Johannes Heidenhain GmbH, Dynapar Corporation by Fortive Corporation, Eaton Corporation PLC, Emerson Electric Co., FRABA B.V, General Electric Company, Grayhill, Inc., Hamamatsu Photonics K.K., Hitachi Ltd., Honeywell International Inc., IFM Electronic GmbH, Kubler Group, Leine & Linde AB, Maxon International AG, NXP Semiconductors N.V., OMRON Corporation, Panasonic Holdings Corporation, Pepperl+Fuchs Inc., Phoenix America LLC, Pilz GmbH & Co. KG, POSIC S.A., Renesas Electronics Corporation, Renishaw PLC, Robert Bosch GmbH, Rockwell Automation Inc., ROHM Co., Ltd., Schneider Electric SE, Sensata Technologies, Inc., Shanghai Moons' Electric Co., Ltd., Siemens AG, SIKO GmbH, SMAC Corporation, Sony Group Corporation, STMicroelectronics N.V., TE Connectivity Ltd., Texas Instruments Incorporated, and TWK-ELEKTRONIK GmbH.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Encoders Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Encoders Market?

3. What is the competitive strategic window for identifying opportunities in the Encoders Market?

4. What are the latest technology trends and regulatory frameworks in the Encoders Market?

5. What is the market share of the leading vendors in the Encoders Market?

6. Which modes and strategic moves are suitable for entering the Encoders Market?

Product Code: MRR-4316E4E892E7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Encoders Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Government initiatives for Industry 4.0 and robotics automation
  - 5.1.1.2. Shift toward electrification in the automotive industry and miniaturization of electronics
- 5.1.2. Restraints
  - 5.1.2.1. Difficulty of installation and maintenance of encoders
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the design and functionality of encoders
  - 5.1.3.2. Expanding utilization of encoders in medical applications and renewable energy projects
- 5.1.4. Challenges
  - 5.1.4.1. Technical constraints and complexities of encoders
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing uses of linear and rotary encoders in robotics, providing better mechanisms and scalability
- 5.2.2. Technology: Preference for magnetic encoders owing to their higher tolerance to external elements
- 5.2.3. End-Use: Increased demand for advanced encoders to offer precision, speed, and efficiency in industrial applications
5.3. Market Trend Analysis
- 5.3.1. Massive public and private investments in automated machinery and robotics necessitates the demand for encoders in the Americas
- 5.3.2. The exponential expansion of electronic and machining tools supported by government initiatives, drives the need for advanced encoders in APAC
- 5.3.3. Exponential focus on industrial automation in manufacturing, oil & gas, and automotive driving expansion of new encoder production and development across EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Encoders Market, by Type

6.1. Introduction
6.2. Linear Encoders
- 6.3.1. Absolute I
- 6.3.2. Incremental I
6.3. Rotary Encoders
- 6.4.1. Absolute
- 6.4.2. Incremental

7. Encoders Market, by Technology

7.1. Introduction
7.2. Inductive
7.3. Magnetic
7.4. Optical

8. Encoders Market, by End-Use

8.1. Introduction
8.2. Automotive
8.3. Consumer Electronics
8.4. Food & Beverage
8.5. Industrial
8.6. Medical
8.7. Printing
8.8. Textile

9. Americas Encoders Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Encoders Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Encoders Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Swiss FAULHABER Companies Unite into One and Formed FAULHABER SA
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Magewell Integrates Ultra Encode AIO Live Media Encoder With Wowza Video Platform
  - 12.3.2.2. TAG Video Systems, Beamr Partner To Bring HEVC Encoder To Media Platform
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Quantic BEI's Encoder Enables High Resolution Rotary Position Sensing for Raytheon VIIRS Weather Instrument
  - 12.3.3.2. Next Generation Absolute Encoders Feature New Magnetic Sensing Technique
  - 12.3.3.3. Dynapar Launches New Programmable Encoder, HS35iQ with PulseIQ(TM) Technology, Providing Troubleshooting Intelligence and Downtime Prevention via Specific Fault Alerts
  - 12.3.3.4. HEIDENHAIN Announces EnDat 3 Encoder Interface
  - 12.3.3.5. Wachendorff Offers New Incremental Encoder
  - 12.3.3.6. Siemens Launches New Servo Drive System Specifically for the Battery and Electronics Industry
  - 12.3.3.7. Caltech CAST to Collaborate with Abu Dhabi-based Technology Innovation Institute
- 12.3.4. Investment & Funding
  - 12.3.4.1. Startup to Fund Research Conducted in Conjunction with Purdue University College of Engineering Researchers
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Encoder Producer Fraba Opens Factory in Malaysia to Expand Production

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Advantech Co., Ltd.
- 13.1.2. AMETEK Inc.
- 13.1.3. Analog Devices, Inc.
- 13.1.4. Autonics Corporation
- 13.1.5. Baumer Holding AG
- 13.1.6. Beckhoff Group
- 13.1.7. Bourns, Inc.
- 13.1.8. Broadcom Inc.
- 13.1.9. Cisco Systems, Inc.
- 13.1.10. CTS Corporation
- 13.1.11. Dr. Fritz Faulhaber GmbH & Co. KG
- 13.1.12. Dr. Johannes Heidenhain GmbH
- 13.1.13. Dynapar Corporation by Fortive Corporation
- 13.1.14. Eaton Corporation PLC
- 13.1.15. Emerson Electric Co.
- 13.1.16. FRABA B.V
- 13.1.17. General Electric Company
- 13.1.18. Grayhill, Inc.
- 13.1.19. Hamamatsu Photonics K.K.
- 13.1.20. Hitachi Ltd.
- 13.1.21. Honeywell International Inc.
- 13.1.22. IFM Electronic GmbH
- 13.1.23. Kubler Group
- 13.1.24. Leine & Linde AB
- 13.1.25. Maxon International AG
- 13.1.26. NXP Semiconductors N.V.
- 13.1.27. OMRON Corporation
- 13.1.28. Panasonic Holdings Corporation
- 13.1.29. Pepperl+Fuchs Inc.
- 13.1.30. Phoenix America LLC
- 13.1.31. Pilz GmbH & Co. KG
- 13.1.32. POSIC S.A.
- 13.1.33. Renesas Electronics Corporation
- 13.1.34. Renishaw PLC
- 13.1.35. Robert Bosch GmbH
- 13.1.36. Rockwell Automation Inc.
- 13.1.37. ROHM Co., Ltd.
- 13.1.38. Schneider Electric SE
- 13.1.39. Sensata Technologies, Inc.
- 13.1.40. Shanghai Moons' Electric Co., Ltd.
- 13.1.41. Siemens AG
- 13.1.42. SIKO GmbH
- 13.1.43. SMAC Corporation
- 13.1.44. Sony Group Corporation
- 13.1.45. STMicroelectronics N.V.
- 13.1.46. TE Connectivity Ltd.
- 13.1.47. Texas Instruments Incorporated
- 13.1.48. TWK-ELEKTRONIK GmbH
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing