Encoder Market by Encoder Type (Linear and Rotary), Signal Type (Incremental, Absolute), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power) and Region - Global Forecast to 2027
Encoder Market by Encoder Type (Linear and Rotary), Signal Type (Incremental, Absolute), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power) and Region - Global Forecast to 2027
Abstract
The encoder market is projected to grow from USD 2.7 billion in 2022 to USD 4.3 billion in 2027; it is expected to grow at a CAGR of 9.7% during the forecasted period. Rising need for high-end automation across industries, expansion of the automotive markets driving the encoder market growth and rising government initiatives to boost industrial automation provinding opportunities for endcoder market.
"Rotary encoders expected to register larger market share during the forecast period”
Rotary encoders are that can be magnetic or non-magnetic in nature used to measure or converts the angular position, rotations, or motion of the shaft into the analog or digital signals. The rotary encoders are reliable, accurate, and compact in size, and comes with integrated electronics. The rotary encoder is used in various applications for controlling and monitoring of mechanical system . For instance, the rotary encoder is used in robotics, optomechanical mice, industrial control, consumer electronics, healthcare, etc. Increasing demand for automation in various industries is expected to boost the growth of the rotary encoders market.
“Consumer Electronics application is expected to register highest CAGR during the forecast period.”
The market for consumer electronics is expected to witness significant growth during the forecast period. In consumer electronics, the encoder is used in office equipment such as PC-based scanning equipment, printers, copiers, answering machines, and scanners For instance, the encoder is used to control the operation of the ink head of the inkjet printer which enables the print head to apply the image to a precisely controlled location on the object.
The use of the encoder in the printer helps to print beautifully and accurately. Similarly, it is also used to control the rotating drum that moves the paper in the printer. The growth of encoder in cosumner electronics application is due to the expanding residential sector, supportive government initiatives, and large presence of consumer electronics manufacturers.
“Market in Asia Pacific to grow at highest CAGR during the forecast period”
In 2021, Asia Pacific accounted highest market share of the encoder market. The regional market here has been segmented into China, Japan, India, South Korea, and Rest of Asia Pacific. The increase in number of manufacturing &engineering hubs related to various industries are the reasons for growth of encoder market in the Asia Pacific region. Furthermore, automotive and consumer electronics industries are supporting the growth of the encoder market in the region.
For instance, the Government of China has placed strategic emphasis on plug-in hybrid EV and pure EV while promoting the adoption of energy-efficient hybrid vehicles, which has witnessed an increase in demand over the years. Similarly, in Japan. rapid movement toward “Society 5.0,” an ultra-smart society that is completely connected through IoT, Big Data, AI, and other technologies to improve the quality of life, has actively created a window of opportunities for the encoder market.
Major players profiled in this report are as follows: Renishaw plc (UK), HEIDENHAIN (Germany), FRABA B.V. (The Netherlands), Sensata Technologies Holding plc (US), ifm electronics gmbh (Germany), Mitutoyo Corporation (Japan), Pepperl+Fuchs SE (Germany), Fortive (US), maxon motor ag (switzerland), Balluff Inc. (Germany). Pilz GmbH & Co. KG (Germany), Tamagawa Seiki Co., Ltd. (Japan), FAULHABER Group (Germany), Baumer Group (Switzerland), Koyo Electronics Industries Co., Ltd. (Japan), Schneider Electric SE (France), Omron Corporation (Japan), Rockwell Automation, Inc. (US), SICK AG (Germany), Hengstler GmbH (Germany), Kubler Group (Germany), Elap srl (Italy), SIKO GmbH (Germany), Nemicon Corporation (Japan), and Gurley Precision Instruments (Japan).
Research Coverage
This research report categorizes the encoder market on the basis of type, signal type, technology, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the encoder market and forecasts the same till 2027. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the encoder ecosystem.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall encoder market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Content
Table of Contentrs
1INTRODUCTION28
1.1STUDY OBJECTIVES28
1.2MARKET DEFINITION AND SCOPE28
1.2.1INCLUSIONS & EXCLUSIONS29
1.3STUDY SCOPE29
1.3.1MARKETS COVERED29
FIGURE 1ENCODER MARKET SEGMENTATION29
1.3.2GEOGRAPHIC SCOPE30
FIGURE 2ENCODER MARKET: REGIONAL SCOPE30
1.3.3YEARS CONSIDERED30
1.4CURRENCY CONSIDERED31
1.5UNITS CONSIDERED31
1.6LIMITATIONS31
1.7STAKEHOLDERS31
1.8SUMMARY OF CHANGES31
2RESEARCH METHODOLOGY33
2.1RESEARCH DATA33
FIGURE 3ENCODER MARKET: RESEARCH DESIGN33
2.2SECONDARY & PRIMARY RESEARCH34
2.2.1SECONDARY DATA35
2.2.1.1Key data from secondary sources35
2.2.2PRIMARY DATA35
2.2.2.1Primary interviews with experts36
2.2.2.2Key data from primary sources36
2.2.2.3Key industry insights37
2.2.2.4Breakdown of primaries37
2.3MARKET SIZE ESTIMATION38
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES IN ENCODER MARKET38
2.3.1BOTTOM-UP APPROACH39
2.3.1.1Approach to arrive at market share by bottom-up analysis
(demand side)39
FIGURE 5ENCODER MARKET: BOTTOM-UP APPROACH39
2.3.2TOP-DOWN APPROACH40
2.3.2.1Approach to arrive at market share by top-down analysis (supply side)40
FIGURE 6ENCODER MARKET: TOP-DOWN APPROACH40
2.4MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 7DATA TRIANGULATION41
2.5RESEARCH ASSUMPTIONS42
3EXECUTIVE SUMMARY43
FIGURE 8INDUSTRIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD43
FIGURE 9ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD44
FIGURE 10MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD44
FIGURE 11ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD45
4PREMIUM INSIGHTS46
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ENCODER MARKET46
FIGURE 12INCREASING MANUFACTURING & ENGINEERING HUBS WORLDWIDE TO DRIVE MARKET46
4.2ENCODER MARKET, BY ENCODER TYPE46
FIGURE 13ROTARY ENCODER SEGMENT TO REGISTER HIGHER CAGR BETWEEN 2022 AND 202746
4.3ENCODER MARKET, BY SIGNAL TYPE47
FIGURE 14INCREMENTAL ENCODER TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD47
4.4ENCODER MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY47
FIGURE 15INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC REGION DURING FORECAST PERIOD47
4.5ENCODER MARKET, BY COUNTRY48
FIGURE 16CHINA TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD48
5MARKET OVERVIEW49
5.1INTRODUCTION49
5.2MARKET DYNAMICS49
FIGURE 17ENCODER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES49
5.2.1DRIVERS50
5.2.1.1Rising need for high-end automation across industries50
5.2.1.2Growing adoption of Industry 4.050
FIGURE 18ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS51
5.2.1.3Growing expansion of automotive markets worldwide51
FIGURE 19ENCODER MARKET: IMPACT ANALYSIS OF DRIVERS52
5.2.2RESTRAINTS52
5.2.2.1Accuracy-related errors52
5.2.2.2Variations in international regulations53
FIGURE 20ENCODERS MARKET: IMPACT ANALYSIS OF RESTRAINTS53
5.2.3OPPORTUNITIES54
5.2.3.1Rising government initiatives to boost industrial automation54
TABLE 1INVESTMENTS IN INDUSTRIAL AUTOMATION PROVIDED THROUGH GOVERNMENT INITIATIVES54
5.2.3.2Increasing demand for machine learning and artificial intelligence-based systems55
5.2.3.3Innovative technologies in automotive and UAV industries55
FIGURE 21ENCODER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES56
5.2.4CHALLENGES56
5.2.4.1Mechanical failure in harsh environments56
FIGURE 22ENCODER MARKET: IMPACT ANALYSIS OF CHALLENGES57
5.3VALUE CHAIN ANALYSIS57
FIGURE 23ENCODER MARKET: VALUE CHAIN ANALYSIS57
5.4ECOSYSTEM ANALYSIS59
FIGURE 24ENCODER MARKET: ECOSYSTEM ANALYSIS59
TABLE 2ENCODER MARKET ECOSYSTEM60
5.5PRICING ANALYSIS61
TABLE 3INDICATIVE PRICES OF ENCODERS61
5.5.1AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS62
FIGURE 25AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS62
TABLE 4AVERAGE SELLING PRICE OF SIGNAL TYPE ENCODERS OFFERED BY KEY PLAYERS (USD)62
TABLE 5AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS (USD)62
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES63
FIGURE 26REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN ENCODERS MARKET63
5.7TECHNOLOGY ANALYSIS63
5.7.1IMPACT OF IIOT ON ENCODER INDUSTRIES63
5.7.2RISE OF COLLABORATIVE & AGV ROBOTS64
5.8PORTER’S FIVE FORCES ANALYSIS64
TABLE 6ENCODER MARKET: PORTER’S FIVE FORCES ANALYSIS64
5.9KEY STAKEHOLDERS AND BUYING CRITERIA65
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS65
FIGURE 27ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS65
TABLE 7ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS66
5.9.2BUYING CRITERIA66
FIGURE 28ENCODER MARKET: KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS66
TABLE 8KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS67
5.10CASE STUDIES67
TABLE 9SAM-JEONG AUTOMATION INCORPORATED RENISHAW’S INCREMENTAL ENCODER TO ACHIEVE ACCURACY67
TABLE 10PAL ROBOTICS INTEGRATED ENCODERS INTO ROBOTIC TECHNOLOGY67
TABLE 11SCODIX ULTRA CHOSE RENISHAW’S TONIC INCREMENTAL ENCODER SYSTEM TO ACHIEVE HIGH-QUALITY PRINTING68
5.11TRADE ANALYSIS68
FIGURE 29IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)68
FIGURE 30EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)69
5.12PATENT ANALYSIS70
FIGURE 31TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS70
TABLE 12TOP 20 PATENT OWNERS IN LAST 10 YEARS (US)70
FIGURE 32NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 202171
TABLE 13ENCODER MARKET: KEY PATENTS, 2020–202171
5.13KEY CONFERENCES & EVENTS, 2022–202372
TABLE 14ENCODER MARKET: KEY CONFERENCES & EVENTS72
5.14REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
TABLE 15NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
TABLE 16EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS74
TABLE 17ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS74
TABLE 18ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
5.14.1STANDARDS75
TABLE 19STANDARDS FOR ENCODER MARKET75
6ENCODER MARKET, BY ENCODER TYPE76
6.1INTRODUCTION77
FIGURE 33ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD77
TABLE 20ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION)77
TABLE 21ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION)77
TABLE 22ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (MILLION UNITS)78
TABLE 23ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (MILLION UNITS)78
6.2ROTARY ENCODER78
6.2.1CONVERTS ANGULAR POSITIONING OF A ROTATING SHAFT INTO ANALOG/DIGITAL SIGNALS78
TABLE 24ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION)79
TABLE 25ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION)79
TABLE 26ROTARY ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)79
TABLE 27ROTARY ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)79
TABLE 28ROTARY ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)80
TABLE 29ROTARY ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)80
6.3LINEAR ENCODER81
6.3.1MEASURES POSITION BY SENDING FEEDBACK TO CONTROL SYSTEM81
TABLE 30LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION)81
TABLE 31LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION)81
TABLE 32LINEAR ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)82
TABLE 33LINEAR ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)82
TABLE 34LINEAR ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)82
TABLE 35LINEAR ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)83
7ENCODER MARKET, BY SIGNAL TYPE84
7.1INTRODUCTION85
FIGURE 34INCREMENTAL ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD85
TABLE 36ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION)85
TABLE 37ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION)85
TABLE 38ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (MILLION UNITS)86
TABLE 39ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (MILLION UNITS)86
7.2INCREMENTAL ENCODER86
7.2.1SIMPLIFIED HARDWARE AND FLEXIBLE FUNCTIONALITY TO DRIVE MARKET86
TABLE 40INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION)87
TABLE 41INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION)87
7.3ABSOLUTE ENCODER87
7.3.1RELIABLE MEASUREMENT PERFORMANCE TO DRIVE MARKET87
TABLE 42ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION)88
TABLE 43ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION)88
8ENCODER MARKET, BY TECHNOLOGY89
8.1INTRODUCTION90
FIGURE 35MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD90
TABLE 44ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)90
TABLE 45ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)91
TABLE 46ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (MILLION UNITS)91
TABLE 47ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (MILLION UNITS)91
8.2MAGNETIC ENCODER92
8.2.1RELIABLE DIGITAL FEEDBACK IN HARSH ENVIRONMENTS TO DRIVE MARKET92
TABLE 48MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION)92
TABLE 49MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION)92
8.3OPTICAL ENCODER93
8.3.1ABILITY TO MONITOR AND CONTROL MECHANICAL SYSTEMS TO DRIVE UPTAKE93
TABLE 50OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION)93
TABLE 51OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION)93
8.4INDUCTIVE ENCODER94
8.4.1COMPACT DESIGN WITH HIGH ACCURACY TO DRIVE DEMAND94
TABLE 52INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION)94
TABLE 53INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION)94
8.5OTHER TECHNOLOGIES95
TABLE 54OTHER TECHNOLOGIES, BY ENCODER TYPE, 2018–2021 (USD MILLION)95
TABLE 55OTHER TECHNOLOGIES, BY ENCODER TYPE, 2022–2027 (USD MILLION)95
9ENCODER MARKET, BY APPLICATION96
9.1INTRODUCTION97
FIGURE 36INDUSTRIAL APPLICATION SEGMENT TO DOMINATE ENCODER MARKET DURING FORECAST PERIOD97
TABLE 56ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)98
TABLE 57ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)98
TABLE 58ENCODER MARKET, BY APPLICATION, 2018–2021 (MILLION UNITS)99
TABLE 59ENCODER MARKET, BY APPLICATION, 2022–2027 (MILLION UNITS)99
9.2INDUSTRIAL100
9.2.1INCREASING UTILIZATION OF ENCODERS IN ROBOTICS AND FACTORY AUTOMATION100
TABLE 60ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)100
TABLE 61ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)100
TABLE 62ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2018–2021 (USD MILLION)101
TABLE 63ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2022–2027 (USD MILLION)101
9.3HEALTHCARE101
9.3.1UTILIZATION OF SURGICAL ROBOTS IN HEALTHCARE APPLICATIONS TO DRIVE MARKET101
TABLE 64ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)102
TABLE 65ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)102
TABLE 66ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2018–2021 (USD MILLION)102
TABLE 67ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2022–2027 (USD MILLION)103
9.4CONSUMER ELECTRONICS103
9.4.1SURGE OF LINEAR MOTOR ENCODERS IN ELECTRICAL APPLIANCES TO DRIVE MARKET103
TABLE 68ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)103
TABLE 69ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)104
TABLE 70ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2018–2021 (USD MILLION)104
TABLE 71ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2022–2027 (USD MILLION)104
9.5AUTOMOTIVE105
9.5.1RISING INTEGRATION OF AUTOMATION IN AUTOMOBILES TO PROPEL GROWTH105
TABLE 72ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)105
TABLE 73ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)105
TABLE 74ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2018–2021 (USD MILLION)106
TABLE 75ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2022–2027 (USD MILLION)106
9.6POWER106
9.6.1INCREASING COMPLEXITIES IN SOLAR & WIND ENERGY APPLICATIONS TO DRIVE MARKET106
TABLE 76ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)107
TABLE 77ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)107
TABLE 78ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2018–2021 (USD MILLION)107
TABLE 79ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2022–2027 (USD MILLION)108
9.7FOOD & BEVERAGE108
9.7.1INTEGRATION OF IO-LINK TECHNOLOGY INTO ENCODERS TO DRIVE MARKET108
TABLE 80ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)109
TABLE 81ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)109
TABLE 82ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY REGION, 2018–2021 (USD MILLION)109
TABLE 83ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY REGION, 2022–2027 (USD MILLION)110
9.8AEROSPACE110
9.8.1PRECISION CONTROL TECHNOLOGY OF ENCODERS IN AIRBORNE PLANES TO PROPEL GROWTH110
TABLE 84ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)110
TABLE 85ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)111
TABLE 86ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2018–2021 (USD MILLION)111
TABLE 87ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2022–2027 (USD MILLION)111
9.9PRINTING112
9.9.1USE OF ROTARY ENCODERS IN PRINTING APPLICATIONS AND OFFICE EQUIPMENT TO DRIVE MARKET112
TABLE 88ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)112
TABLE 89ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)113
TABLE 90ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2018–2021 (USD MILLION)113
TABLE 91ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2022–2027 (USD MILLION)113
9.10TEXTILE114
9.10.1GROWING UTILIZATION OF ENCODERS IN WEAVING & KNITTING PROCESSES TO DRIVE MARKET114
TABLE 92ENCODER MARKET FOR TEXTILE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)114
TABLE 93ENCODER MARKET FOR TEXTILE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)114
TABLE 94ENCODER MARKET FOR TEXTILE APPLICATION, BY REGION, 2018–2021 (USD MILLION)115
TABLE 95ENCODER MARKET FOR TEXTILE APPLICATION, BY REGION, 2022–2027 (USD MILLION)115
9.11OTHER APPLICATIONS115
TABLE 96ENCODER MARKET FOR OTHER APPLICATIONS, BY ENCODER TYPE, 2018–2021 (USD MILLION)115
TABLE 97ENCODER MARKET FOR OTHER APPLICATIONS, BY ENCODER TYPE, 2022–2027 (USD MILLION)116
TABLE 98ENCODER MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)116
TABLE 99ENCODER MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)116
10ENCODER MARKET, BY REGION117
10.1INTRODUCTION118
FIGURE 37GEOGRAPHIC SNAPSHOT: ASIA PACIFIC MARKET TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD118
TABLE 100ENCODER MARKET, BY REGION, 2018–2021 (USD MILLION)118
TABLE 101ENCODER MARKET, BY REGION, 2022–2027 (USD MILLION)119
TABLE 102ENCODER MARKET, BY REGION, 2018–2021 (MILLION UNITS)119
TABLE 103ENCODER MARKET, BY REGION, 2022–2027 (MILLION UNITS)119
10.2NORTH AMERICA120
FIGURE 38NORTH AMERICA: ENCODER MARKET SNAPSHOT121
TABLE 104NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)121
TABLE 105NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)122
TABLE 106NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)122
TABLE 107NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)122
10.2.1US123
10.2.1.1Large industrial base for consumer electronics and automotive manufacturing to drive market123
10.2.2CANADA123
10.2.2.1Rising adoption of advanced technologies in aerospace industry to drive market123
10.2.3MEXICO124
10.2.3.1Expanding consumer electronics industry to support market growth124
10.3EUROPE125
FIGURE 39EUROPE: ENCODER MARKET SNAPSHOT126
TABLE 108EUROPE: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)126
TABLE 109EUROPE: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)127
TABLE 110EUROPE: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)127
TABLE 111EUROPE: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)128
10.3.1UK128
10.3.1.1Expanding manufacturing sector to drive uptake of encoders128
10.3.2GERMANY129
10.3.2.1Growing use of robotics in automobiles to drive market129
10.3.3FRANCE130
10.3.3.1Growing manufacturing & textile industries to drive demand for encoders130
10.3.4REST OF EUROPE130
10.4ASIA PACIFIC131
FIGURE 40ASIA PACIFIC: ENCODER MARKET SNAPSHOT131
TABLE 112ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)132
TABLE 113ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)132
TABLE 114ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)132
TABLE 115ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)133
10.4.1CHINA133
10.4.1.1Rising expansion of manufacturing & mining industries to drive market133
10.4.2JAPAN134
10.4.2.1Rising demand for electric & hybrid vehicles in automotive industry to drive market134
10.4.3SOUTH KOREA134
10.4.3.1Increasing technological advancements in consumer electronics to drive demand for encoders134
10.4.4INDIA134
10.4.4.1Rising textile industry to drive market134
10.4.5REST OF ASIA PACIFIC135
10.5REST OF THE WORLD135
TABLE 116REST OF THE WORLD: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)135
TABLE 117REST OF THE WORLD: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)135
TABLE 118REST OF THE WORLD: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)136
TABLE 119REST OF THE WORLD: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)136
10.5.1SOUTH AMERICA137
10.5.1.1Growing mining industry to fuel market growth137
10.5.2MIDDLE EAST137
10.5.2.1Surge in automation to drive demand for encoders137
10.5.3AFRICA137
10.5.3.1Rising manufacturing hub for automotive vehicles to drive market137
11COMPETITIVE LANDSCAPE138
11.1INTRODUCTION138
11.2COMPANY REVENUE ANALYSIS138
FIGURE 41ENCODER MARKET: REVENUE ANALYSIS OF TOP THREE PLAYERS, 2017–2021138
11.3MARKET SHARE ANALYSIS, 2021139
TABLE 120ENCODER MARKET: MARKET SHARE OF TOP FIVE PLAYERS, 2021139
11.4COMPETITIVE EVALUATION QUADRANT, 2021140
11.4.1STARS141
11.4.2EMERGING LEADERS141
11.4.3PERVASIVE PLAYERS141
11.4.4PARTICIPANTS141
FIGURE 42ENCODER MARKET: COMPANY EVALUATION QUADRANT FOR KEY PLAYERS, 2021142
11.4.5ENCODER MARKET: COMPANY FOOTPRINT143
TABLE 121COMPANY TYPE FOOTPRINT143
TABLE 122COMPANY APPLICATION FOOTPRINT144
TABLE 123COMPANY REGION FOOTPRINT145
TABLE 124COMPANY FOOTPRINT146
11.5SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2021147
11.5.1PROGRESSIVE COMPANIES147
11.5.2RESPONSIVE COMPANIES147
11.5.3DYNAMIC COMPANIES147
11.5.4STARTING BLOCKS147
FIGURE 43ENCODER MARKET: SME EVALUATION QUADRANT, 2021148
11.5.5STARTUPS/SMES EVALUATION MATRIX149
TABLE 125ENCODER MARKET: KEY STARTUPS/SMES149
TABLE 126ENCODER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES150
11.6COMPETITIVE SITUATIONS AND TRENDS150
11.6.1PRODUCT LAUNCHES & DEVELOPMENTS150
TABLE 127ENCODER MARKET: PRODUCT LAUNCHES & DEVELOPMENTS (MAY 2019–MAY 2022)150
11.6.2DEALS155
TABLE 128ENCODER MARKET: DEALS155
11.6.3OTHER DEVELOPMENTS156
TABLE 129ENCODER MARKET: OTHER DEVELOPMENTS (APRIL 2019–JULY 2022)156
12COMPANY PROFILES158
12.1KEY PLAYERS158
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1SENSATA TECHNOLOGIES INC.158
TABLE 130SENSATA TECHNOLOGIES INC: COMPANY OVERVIEW158
FIGURE 44SENSATA TECHNOLOGIES INC: COMPANY SNAPSHOT159
TABLE 131SENSATA TECHNOLOGIES INC: PRODUCTS OFFERED160
TABLE 132SENSATA TECHNOLOGIES INC: PRODUCT LAUNCHES160
TABLE 133SENSATA TECHNOLOGIES INC: OTHER DEVELOPMENTS161
12.1.2HEIDENHAIN162
TABLE 134HEIDENHAIN: COMPANY OVERVIEW162
TABLE 135HEIDENHAIN: PRODUCTS OFFERED162
TABLE 136HEIDENHAIN: PRODUCTS LAUNCHES163
TABLE 137HEIDENHAIN: OTHER DEVELOPMENTS164
12.1.3FORTIVE (DYNAPAR CORPORATION)165
TABLE 138FORTIVE (DYNAPAR CORPORATION): COMPANY OVERVIEW165
FIGURE 45FORTIVE (DYNAPAR CORPORATION): COMPANY SNAPSHOT166
TABLE 139FORTIVE (DYNAPAR CORPORATION): PRODUCTS OFFERED167
TABLE 140FORTIVE (DYNAPAR CORPORATION): PRODUCT LAUNCHES167
12.1.4RENISHAW PLC169
TABLE 141RENISHAW PLC: COMPANY OVERVIEW169
FIGURE 46RENISHAW PLC: COMPANY SNAPSHOT170
TABLE 142RENISHAW PLC: PRODUCTS OFFERED171
TABLE 143RENISHAW PLC: PRODUCTS LAUNCHES172
12.1.5MITUTOYO CORPORATION174
TABLE 144MITUTOYO CORPORATION: COMPANY OVERVIEW174
TABLE 145MITUTOYO CORPORATION: PRODUCTS OFFERED174
TABLE 146MITUTOYO CORPORATION: OTHER DEVELOPMENTS175
12.1.6FRABA B.V. (POSITAL FRABA)176
TABLE 147FRABA B.V. (POSITAL FRABA): COMPANY OVERVIEW176
TABLE 148FRABA B.V.: PRODUCTS OFFERED177
TABLE 149FRABA B.V.: PRODUCT LAUNCHES177
TABLE 150FRABA B.V.: DEALS178
TABLE 151FRABA B.V.: OTHER DEVELOPMENTS178
12.1.7IFM ELECTRONIC GMBH179
TABLE 152IFM ELECTRONIC GMBH: COMPANY OVERVIEW179
TABLE 153IFM ELECTRONIC GMBH: PRODUCTS OFFERED179
TABLE 154IFM ELECTRONIC GMBH: OTHER DEVELOPMENTS180
12.1.8PEPPERL+FUCHS SE181
TABLE 155PEPPERL+FUCHS SE: COMPANY OVERVIEW181
TABLE 156PEPPERL+FUCHS SE: PRODUCTS OFFERED181
TABLE 157PEPPERL+FUCHS SE: PRODUCT LAUNCHES182
12.1.9MAXON MOTOR AG183
TABLE 158MAXON MOTOR AG: BUSINESS OVERVIEW183
TABLE 159MAXON MOTOR AG: PRODUCTS OFFERED183
TABLE 160MAXON MOTOR AG: PRODUCT LAUNCHES184
TABLE 161MAXON MOTOR AG: OTHER DEVELOPMENTS184
12.1.10BALLUFF INC.185
TABLE 162BALLUFF INC: COMPANY OVERVIEW185
TABLE 163BALLUFF INC: PRODUCT OFFERED185
TABLE 164BALLUFF INC: PRODUCT LAUNCHES186
TABLE 165BALLUFF INC: OTHER DEVELOPMENTS186
12.1.11PILZ GMBH & CO. KG187
TABLE 166PILZ GMBH & CO. KG: COMPANY OVERVIEW187
TABLE 167PILZ GMBH & CO. KG: PRODUCTS OFFERED187
12.1.12TAMAGAWA SEIKI CO., LTD.188
TABLE 168TAMAGAWA SEIKI CO., LTD.: COMPANY OVERVIEW188
TABLE 169TAMAGAWA SEIKI CO., LTD.: PRODUCTS OFFERED188
12.1.13FAULHABER GROUP189
TABLE 170FAULHABER GROUP: COMPANY OVERVIEW189
TABLE 171FAULHABER GROUP: PRODUCTS OFFERED189
TABLE 172FAULHABER GROUP: PRODUCT LAUNCHES190
TABLE 173FAULHABER GROUP: OTHER DEVELOPMENTS190
12.1.14BAUMER GROUP191
TABLE 174BAUMER GROUP: COMPANY OVERVIEW191
TABLE 175BAUMER GROUP: PRODUCTS OFFERED191
TABLE 176BAUMER GROUP: PRODUCT LAUNCHES192
TABLE 177BAUMER GROUP: OTHER DEVELOPMENTS192
12.1.15KOYO ELECTRONICS INDUSTRIES CO., LTD.193
TABLE 178KOYO ELECTRONICS INDUSTRIES CO., LTD: COMPANY OVERVIEW193
TABLE 179KOYO ELECTRONICS INDUSTRIES CO., LTD: PRODUCTS OFFERED193
TABLE 180KOYO ELECTRONICS INDUSTRIES CO., LTD: PRODUCT LAUNCHES194
TABLE 181KOYO ELECTRONICS INDUSTRIES CO., LTD: OTHER DEVELOPMENTS194
12.2OTHER KEY PLAYERS195
12.2.1SCHNEIDER ELECTRIC SE195
12.2.2OMRON CORPORATION196
12.2.3ROCKWELL AUTOMATION, INC.196
12.2.4SICK AG197
12.2.5HENGSTLER GMBH197
12.2.6KÜBLER GROUP198
12.2.7ELAP SRL198
12.2.8SIKO GMBH199
12.2.9NEMICON CORPORATION199
12.2.10GURLEY PRECISION INSTRUMENTS200
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13ADJACENT & RELATED MARKETS201
13.1INTRODUCTION201
13.2LIMITATIONS201
13.3POSITION SENSOR MARKET, BY APPLICATION202
13.3.1INTRODUCTION202
TABLE 182POSITION SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)202
TABLE 183POSITION SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)202
13.3.2MACHINE TOOLS203
13.3.2.1Use of position sensors in machine tools enables a higher degree of automation and versatility203
TABLE 184POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2016–2019 (USD MILLION)203
TABLE 185POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2020–2025 (USD MILLION)203
13.3.3ROBOTICS204
13.3.3.1Position sensors provide meaningful information to controllers via electronic signals enabling robots to perform tasks efficiently204
TABLE 186POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2016–2019 (USD MILLION)204
TABLE 187POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2020–2025 (USD MILLION)204
13.3.4MOTION SYSTEMS205
13.3.4.1Position sensors are used in motion systems to measure absolute or incremental displacement205
TABLE 188POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2016–2019 (USD MILLION)205
TABLE 189POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2020–2025 (USD MILLION)205
13.3.5MATERIAL HANDLING206
13.3.5.1Material handling applications require position sensors to ensure safe and controlled operations206
TABLE 190POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2016–2019 (USD MILLION)206
TABLE 191POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2020–2025 (USD MILLION)206
13.3.6TEST EQUIPMENT207
13.3.6.1Automotive, aerospace, industrial, and medical sectors use position sensors to test equipment and ensure high accuracy & precision207
TABLE 192POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2016–2019 (USD MILLION)207
TABLE 193POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2020–2025 (USD MILLION)207
13.3.7OTHERS208
TABLE 194POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)208
TABLE 195POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)208
13.3.8IMPACT OF COVID-19 ON POSITION SENSOR MARKET FOR DIFFERENT APPLICATIONS208
14APPENDIX209
14.1DISCUSSION GUIDE209
14.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL212
14.3CUSTOMIZATION OPTIONS214
14.4RELATED REPORTS214
14.5AUTHOR DETAILS215
"Rotary encoders expected to register larger market share during the forecast period”
Rotary encoders are that can be magnetic or non-magnetic in nature used to measure or converts the angular position, rotations, or motion of the shaft into the analog or digital signals. The rotary encoders are reliable, accurate, and compact in size, and comes with integrated electronics. The rotary encoder is used in various applications for controlling and monitoring of mechanical system . For instance, the rotary encoder is used in robotics, optomechanical mice, industrial control, consumer electronics, healthcare, etc. Increasing demand for automation in various industries is expected to boost the growth of the rotary encoders market.
“Consumer Electronics application is expected to register highest CAGR during the forecast period.”
The market for consumer electronics is expected to witness significant growth during the forecast period. In consumer electronics, the encoder is used in office equipment such as PC-based scanning equipment, printers, copiers, answering machines, and scanners For instance, the encoder is used to control the operation of the ink head of the inkjet printer which enables the print head to apply the image to a precisely controlled location on the object.
The use of the encoder in the printer helps to print beautifully and accurately. Similarly, it is also used to control the rotating drum that moves the paper in the printer. The growth of encoder in cosumner electronics application is due to the expanding residential sector, supportive government initiatives, and large presence of consumer electronics manufacturers.
“Market in Asia Pacific to grow at highest CAGR during the forecast period”
In 2021, Asia Pacific accounted highest market share of the encoder market. The regional market here has been segmented into China, Japan, India, South Korea, and Rest of Asia Pacific. The increase in number of manufacturing &engineering hubs related to various industries are the reasons for growth of encoder market in the Asia Pacific region. Furthermore, automotive and consumer electronics industries are supporting the growth of the encoder market in the region.
For instance, the Government of China has placed strategic emphasis on plug-in hybrid EV and pure EV while promoting the adoption of energy-efficient hybrid vehicles, which has witnessed an increase in demand over the years. Similarly, in Japan. rapid movement toward “Society 5.0,” an ultra-smart society that is completely connected through IoT, Big Data, AI, and other technologies to improve the quality of life, has actively created a window of opportunities for the encoder market.
Major players profiled in this report are as follows: Renishaw plc (UK), HEIDENHAIN (Germany), FRABA B.V. (The Netherlands), Sensata Technologies Holding plc (US), ifm electronics gmbh (Germany), Mitutoyo Corporation (Japan), Pepperl+Fuchs SE (Germany), Fortive (US), maxon motor ag (switzerland), Balluff Inc. (Germany). Pilz GmbH & Co. KG (Germany), Tamagawa Seiki Co., Ltd. (Japan), FAULHABER Group (Germany), Baumer Group (Switzerland), Koyo Electronics Industries Co., Ltd. (Japan), Schneider Electric SE (France), Omron Corporation (Japan), Rockwell Automation, Inc. (US), SICK AG (Germany), Hengstler GmbH (Germany), Kubler Group (Germany), Elap srl (Italy), SIKO GmbH (Germany), Nemicon Corporation (Japan), and Gurley Precision Instruments (Japan).
Research Coverage
This research report categorizes the encoder market on the basis of type, signal type, technology, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the encoder market and forecasts the same till 2027. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the encoder ecosystem.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall encoder market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1INTRODUCTION28
1.1STUDY OBJECTIVES28
1.2MARKET DEFINITION AND SCOPE28
1.2.1INCLUSIONS & EXCLUSIONS29
1.3STUDY SCOPE29
1.3.1MARKETS COVERED29
FIGURE 1ENCODER MARKET SEGMENTATION29
1.3.2GEOGRAPHIC SCOPE30
FIGURE 2ENCODER MARKET: REGIONAL SCOPE30
1.3.3YEARS CONSIDERED30
1.4CURRENCY CONSIDERED31
1.5UNITS CONSIDERED31
1.6LIMITATIONS31
1.7STAKEHOLDERS31
1.8SUMMARY OF CHANGES31
2RESEARCH METHODOLOGY33
2.1RESEARCH DATA33
FIGURE 3ENCODER MARKET: RESEARCH DESIGN33
2.2SECONDARY & PRIMARY RESEARCH34
2.2.1SECONDARY DATA35
2.2.1.1Key data from secondary sources35
2.2.2PRIMARY DATA35
2.2.2.1Primary interviews with experts36
2.2.2.2Key data from primary sources36
2.2.2.3Key industry insights37
2.2.2.4Breakdown of primaries37
2.3MARKET SIZE ESTIMATION38
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES IN ENCODER MARKET38
2.3.1BOTTOM-UP APPROACH39
2.3.1.1Approach to arrive at market share by bottom-up analysis
(demand side)39
FIGURE 5ENCODER MARKET: BOTTOM-UP APPROACH39
2.3.2TOP-DOWN APPROACH40
2.3.2.1Approach to arrive at market share by top-down analysis (supply side)40
FIGURE 6ENCODER MARKET: TOP-DOWN APPROACH40
2.4MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 7DATA TRIANGULATION41
2.5RESEARCH ASSUMPTIONS42
3EXECUTIVE SUMMARY43
FIGURE 8INDUSTRIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD43
FIGURE 9ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD44
FIGURE 10MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD44
FIGURE 11ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD45
4PREMIUM INSIGHTS46
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ENCODER MARKET46
FIGURE 12INCREASING MANUFACTURING & ENGINEERING HUBS WORLDWIDE TO DRIVE MARKET46
4.2ENCODER MARKET, BY ENCODER TYPE46
FIGURE 13ROTARY ENCODER SEGMENT TO REGISTER HIGHER CAGR BETWEEN 2022 AND 202746
4.3ENCODER MARKET, BY SIGNAL TYPE47
FIGURE 14INCREMENTAL ENCODER TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD47
4.4ENCODER MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY47
FIGURE 15INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC REGION DURING FORECAST PERIOD47
4.5ENCODER MARKET, BY COUNTRY48
FIGURE 16CHINA TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD48
5MARKET OVERVIEW49
5.1INTRODUCTION49
5.2MARKET DYNAMICS49
FIGURE 17ENCODER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES49
5.2.1DRIVERS50
5.2.1.1Rising need for high-end automation across industries50
5.2.1.2Growing adoption of Industry 4.050
FIGURE 18ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS51
5.2.1.3Growing expansion of automotive markets worldwide51
FIGURE 19ENCODER MARKET: IMPACT ANALYSIS OF DRIVERS52
5.2.2RESTRAINTS52
5.2.2.1Accuracy-related errors52
5.2.2.2Variations in international regulations53
FIGURE 20ENCODERS MARKET: IMPACT ANALYSIS OF RESTRAINTS53
5.2.3OPPORTUNITIES54
5.2.3.1Rising government initiatives to boost industrial automation54
TABLE 1INVESTMENTS IN INDUSTRIAL AUTOMATION PROVIDED THROUGH GOVERNMENT INITIATIVES54
5.2.3.2Increasing demand for machine learning and artificial intelligence-based systems55
5.2.3.3Innovative technologies in automotive and UAV industries55
FIGURE 21ENCODER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES56
5.2.4CHALLENGES56
5.2.4.1Mechanical failure in harsh environments56
FIGURE 22ENCODER MARKET: IMPACT ANALYSIS OF CHALLENGES57
5.3VALUE CHAIN ANALYSIS57
FIGURE 23ENCODER MARKET: VALUE CHAIN ANALYSIS57
5.4ECOSYSTEM ANALYSIS59
FIGURE 24ENCODER MARKET: ECOSYSTEM ANALYSIS59
TABLE 2ENCODER MARKET ECOSYSTEM60
5.5PRICING ANALYSIS61
TABLE 3INDICATIVE PRICES OF ENCODERS61
5.5.1AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS62
FIGURE 25AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS62
TABLE 4AVERAGE SELLING PRICE OF SIGNAL TYPE ENCODERS OFFERED BY KEY PLAYERS (USD)62
TABLE 5AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS (USD)62
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES63
FIGURE 26REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN ENCODERS MARKET63
5.7TECHNOLOGY ANALYSIS63
5.7.1IMPACT OF IIOT ON ENCODER INDUSTRIES63
5.7.2RISE OF COLLABORATIVE & AGV ROBOTS64
5.8PORTER’S FIVE FORCES ANALYSIS64
TABLE 6ENCODER MARKET: PORTER’S FIVE FORCES ANALYSIS64
5.9KEY STAKEHOLDERS AND BUYING CRITERIA65
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS65
FIGURE 27ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS65
TABLE 7ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS66
5.9.2BUYING CRITERIA66
FIGURE 28ENCODER MARKET: KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS66
TABLE 8KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS67
5.10CASE STUDIES67
TABLE 9SAM-JEONG AUTOMATION INCORPORATED RENISHAW’S INCREMENTAL ENCODER TO ACHIEVE ACCURACY67
TABLE 10PAL ROBOTICS INTEGRATED ENCODERS INTO ROBOTIC TECHNOLOGY67
TABLE 11SCODIX ULTRA CHOSE RENISHAW’S TONIC INCREMENTAL ENCODER SYSTEM TO ACHIEVE HIGH-QUALITY PRINTING68
5.11TRADE ANALYSIS68
FIGURE 29IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)68
FIGURE 30EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)69
5.12PATENT ANALYSIS70
FIGURE 31TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS70
TABLE 12TOP 20 PATENT OWNERS IN LAST 10 YEARS (US)70
FIGURE 32NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 202171
TABLE 13ENCODER MARKET: KEY PATENTS, 2020–202171
5.13KEY CONFERENCES & EVENTS, 2022–202372
TABLE 14ENCODER MARKET: KEY CONFERENCES & EVENTS72
5.14REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
TABLE 15NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
TABLE 16EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS74
TABLE 17ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS74
TABLE 18ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
5.14.1STANDARDS75
TABLE 19STANDARDS FOR ENCODER MARKET75
6ENCODER MARKET, BY ENCODER TYPE76
6.1INTRODUCTION77
FIGURE 33ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD77
TABLE 20ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION)77
TABLE 21ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION)77
TABLE 22ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (MILLION UNITS)78
TABLE 23ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (MILLION UNITS)78
6.2ROTARY ENCODER78
6.2.1CONVERTS ANGULAR POSITIONING OF A ROTATING SHAFT INTO ANALOG/DIGITAL SIGNALS78
TABLE 24ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION)79
TABLE 25ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION)79
TABLE 26ROTARY ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)79
TABLE 27ROTARY ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)79
TABLE 28ROTARY ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)80
TABLE 29ROTARY ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)80
6.3LINEAR ENCODER81
6.3.1MEASURES POSITION BY SENDING FEEDBACK TO CONTROL SYSTEM81
TABLE 30LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION)81
TABLE 31LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION)81
TABLE 32LINEAR ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)82
TABLE 33LINEAR ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)82
TABLE 34LINEAR ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)82
TABLE 35LINEAR ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)83
7ENCODER MARKET, BY SIGNAL TYPE84
7.1INTRODUCTION85
FIGURE 34INCREMENTAL ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD85
TABLE 36ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION)85
TABLE 37ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION)85
TABLE 38ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (MILLION UNITS)86
TABLE 39ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (MILLION UNITS)86
7.2INCREMENTAL ENCODER86
7.2.1SIMPLIFIED HARDWARE AND FLEXIBLE FUNCTIONALITY TO DRIVE MARKET86
TABLE 40INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION)87
TABLE 41INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION)87
7.3ABSOLUTE ENCODER87
7.3.1RELIABLE MEASUREMENT PERFORMANCE TO DRIVE MARKET87
TABLE 42ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION)88
TABLE 43ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION)88
8ENCODER MARKET, BY TECHNOLOGY89
8.1INTRODUCTION90
FIGURE 35MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD90
TABLE 44ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)90
TABLE 45ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)91
TABLE 46ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (MILLION UNITS)91
TABLE 47ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (MILLION UNITS)91
8.2MAGNETIC ENCODER92
8.2.1RELIABLE DIGITAL FEEDBACK IN HARSH ENVIRONMENTS TO DRIVE MARKET92
TABLE 48MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION)92
TABLE 49MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION)92
8.3OPTICAL ENCODER93
8.3.1ABILITY TO MONITOR AND CONTROL MECHANICAL SYSTEMS TO DRIVE UPTAKE93
TABLE 50OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION)93
TABLE 51OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION)93
8.4INDUCTIVE ENCODER94
8.4.1COMPACT DESIGN WITH HIGH ACCURACY TO DRIVE DEMAND94
TABLE 52INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION)94
TABLE 53INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION)94
8.5OTHER TECHNOLOGIES95
TABLE 54OTHER TECHNOLOGIES, BY ENCODER TYPE, 2018–2021 (USD MILLION)95
TABLE 55OTHER TECHNOLOGIES, BY ENCODER TYPE, 2022–2027 (USD MILLION)95
9ENCODER MARKET, BY APPLICATION96
9.1INTRODUCTION97
FIGURE 36INDUSTRIAL APPLICATION SEGMENT TO DOMINATE ENCODER MARKET DURING FORECAST PERIOD97
TABLE 56ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)98
TABLE 57ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)98
TABLE 58ENCODER MARKET, BY APPLICATION, 2018–2021 (MILLION UNITS)99
TABLE 59ENCODER MARKET, BY APPLICATION, 2022–2027 (MILLION UNITS)99
9.2INDUSTRIAL100
9.2.1INCREASING UTILIZATION OF ENCODERS IN ROBOTICS AND FACTORY AUTOMATION100
TABLE 60ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)100
TABLE 61ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)100
TABLE 62ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2018–2021 (USD MILLION)101
TABLE 63ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2022–2027 (USD MILLION)101
9.3HEALTHCARE101
9.3.1UTILIZATION OF SURGICAL ROBOTS IN HEALTHCARE APPLICATIONS TO DRIVE MARKET101
TABLE 64ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)102
TABLE 65ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)102
TABLE 66ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2018–2021 (USD MILLION)102
TABLE 67ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2022–2027 (USD MILLION)103
9.4CONSUMER ELECTRONICS103
9.4.1SURGE OF LINEAR MOTOR ENCODERS IN ELECTRICAL APPLIANCES TO DRIVE MARKET103
TABLE 68ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)103
TABLE 69ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)104
TABLE 70ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2018–2021 (USD MILLION)104
TABLE 71ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2022–2027 (USD MILLION)104
9.5AUTOMOTIVE105
9.5.1RISING INTEGRATION OF AUTOMATION IN AUTOMOBILES TO PROPEL GROWTH105
TABLE 72ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)105
TABLE 73ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)105
TABLE 74ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2018–2021 (USD MILLION)106
TABLE 75ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2022–2027 (USD MILLION)106
9.6POWER106
9.6.1INCREASING COMPLEXITIES IN SOLAR & WIND ENERGY APPLICATIONS TO DRIVE MARKET106
TABLE 76ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)107
TABLE 77ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)107
TABLE 78ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2018–2021 (USD MILLION)107
TABLE 79ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2022–2027 (USD MILLION)108
9.7FOOD & BEVERAGE108
9.7.1INTEGRATION OF IO-LINK TECHNOLOGY INTO ENCODERS TO DRIVE MARKET108
TABLE 80ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)109
TABLE 81ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)109
TABLE 82ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY REGION, 2018–2021 (USD MILLION)109
TABLE 83ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY REGION, 2022–2027 (USD MILLION)110
9.8AEROSPACE110
9.8.1PRECISION CONTROL TECHNOLOGY OF ENCODERS IN AIRBORNE PLANES TO PROPEL GROWTH110
TABLE 84ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)110
TABLE 85ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)111
TABLE 86ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2018–2021 (USD MILLION)111
TABLE 87ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2022–2027 (USD MILLION)111
9.9PRINTING112
9.9.1USE OF ROTARY ENCODERS IN PRINTING APPLICATIONS AND OFFICE EQUIPMENT TO DRIVE MARKET112
TABLE 88ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)112
TABLE 89ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)113
TABLE 90ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2018–2021 (USD MILLION)113
TABLE 91ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2022–2027 (USD MILLION)113
9.10TEXTILE114
9.10.1GROWING UTILIZATION OF ENCODERS IN WEAVING & KNITTING PROCESSES TO DRIVE MARKET114
TABLE 92ENCODER MARKET FOR TEXTILE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION)114
TABLE 93ENCODER MARKET FOR TEXTILE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION)114
TABLE 94ENCODER MARKET FOR TEXTILE APPLICATION, BY REGION, 2018–2021 (USD MILLION)115
TABLE 95ENCODER MARKET FOR TEXTILE APPLICATION, BY REGION, 2022–2027 (USD MILLION)115
9.11OTHER APPLICATIONS115
TABLE 96ENCODER MARKET FOR OTHER APPLICATIONS, BY ENCODER TYPE, 2018–2021 (USD MILLION)115
TABLE 97ENCODER MARKET FOR OTHER APPLICATIONS, BY ENCODER TYPE, 2022–2027 (USD MILLION)116
TABLE 98ENCODER MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION)116
TABLE 99ENCODER MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)116
10ENCODER MARKET, BY REGION117
10.1INTRODUCTION118
FIGURE 37GEOGRAPHIC SNAPSHOT: ASIA PACIFIC MARKET TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD118
TABLE 100ENCODER MARKET, BY REGION, 2018–2021 (USD MILLION)118
TABLE 101ENCODER MARKET, BY REGION, 2022–2027 (USD MILLION)119
TABLE 102ENCODER MARKET, BY REGION, 2018–2021 (MILLION UNITS)119
TABLE 103ENCODER MARKET, BY REGION, 2022–2027 (MILLION UNITS)119
10.2NORTH AMERICA120
FIGURE 38NORTH AMERICA: ENCODER MARKET SNAPSHOT121
TABLE 104NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)121
TABLE 105NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)122
TABLE 106NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)122
TABLE 107NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)122
10.2.1US123
10.2.1.1Large industrial base for consumer electronics and automotive manufacturing to drive market123
10.2.2CANADA123
10.2.2.1Rising adoption of advanced technologies in aerospace industry to drive market123
10.2.3MEXICO124
10.2.3.1Expanding consumer electronics industry to support market growth124
10.3EUROPE125
FIGURE 39EUROPE: ENCODER MARKET SNAPSHOT126
TABLE 108EUROPE: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)126
TABLE 109EUROPE: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)127
TABLE 110EUROPE: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)127
TABLE 111EUROPE: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)128
10.3.1UK128
10.3.1.1Expanding manufacturing sector to drive uptake of encoders128
10.3.2GERMANY129
10.3.2.1Growing use of robotics in automobiles to drive market129
10.3.3FRANCE130
10.3.3.1Growing manufacturing & textile industries to drive demand for encoders130
10.3.4REST OF EUROPE130
10.4ASIA PACIFIC131
FIGURE 40ASIA PACIFIC: ENCODER MARKET SNAPSHOT131
TABLE 112ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)132
TABLE 113ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)132
TABLE 114ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)132
TABLE 115ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)133
10.4.1CHINA133
10.4.1.1Rising expansion of manufacturing & mining industries to drive market133
10.4.2JAPAN134
10.4.2.1Rising demand for electric & hybrid vehicles in automotive industry to drive market134
10.4.3SOUTH KOREA134
10.4.3.1Increasing technological advancements in consumer electronics to drive demand for encoders134
10.4.4INDIA134
10.4.4.1Rising textile industry to drive market134
10.4.5REST OF ASIA PACIFIC135
10.5REST OF THE WORLD135
TABLE 116REST OF THE WORLD: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION)135
TABLE 117REST OF THE WORLD: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION)135
TABLE 118REST OF THE WORLD: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION)136
TABLE 119REST OF THE WORLD: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION)136
10.5.1SOUTH AMERICA137
10.5.1.1Growing mining industry to fuel market growth137
10.5.2MIDDLE EAST137
10.5.2.1Surge in automation to drive demand for encoders137
10.5.3AFRICA137
10.5.3.1Rising manufacturing hub for automotive vehicles to drive market137
11COMPETITIVE LANDSCAPE138
11.1INTRODUCTION138
11.2COMPANY REVENUE ANALYSIS138
FIGURE 41ENCODER MARKET: REVENUE ANALYSIS OF TOP THREE PLAYERS, 2017–2021138
11.3MARKET SHARE ANALYSIS, 2021139
TABLE 120ENCODER MARKET: MARKET SHARE OF TOP FIVE PLAYERS, 2021139
11.4COMPETITIVE EVALUATION QUADRANT, 2021140
11.4.1STARS141
11.4.2EMERGING LEADERS141
11.4.3PERVASIVE PLAYERS141
11.4.4PARTICIPANTS141
FIGURE 42ENCODER MARKET: COMPANY EVALUATION QUADRANT FOR KEY PLAYERS, 2021142
11.4.5ENCODER MARKET: COMPANY FOOTPRINT143
TABLE 121COMPANY TYPE FOOTPRINT143
TABLE 122COMPANY APPLICATION FOOTPRINT144
TABLE 123COMPANY REGION FOOTPRINT145
TABLE 124COMPANY FOOTPRINT146
11.5SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2021147
11.5.1PROGRESSIVE COMPANIES147
11.5.2RESPONSIVE COMPANIES147
11.5.3DYNAMIC COMPANIES147
11.5.4STARTING BLOCKS147
FIGURE 43ENCODER MARKET: SME EVALUATION QUADRANT, 2021148
11.5.5STARTUPS/SMES EVALUATION MATRIX149
TABLE 125ENCODER MARKET: KEY STARTUPS/SMES149
TABLE 126ENCODER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES150
11.6COMPETITIVE SITUATIONS AND TRENDS150
11.6.1PRODUCT LAUNCHES & DEVELOPMENTS150
TABLE 127ENCODER MARKET: PRODUCT LAUNCHES & DEVELOPMENTS (MAY 2019–MAY 2022)150
11.6.2DEALS155
TABLE 128ENCODER MARKET: DEALS155
11.6.3OTHER DEVELOPMENTS156
TABLE 129ENCODER MARKET: OTHER DEVELOPMENTS (APRIL 2019–JULY 2022)156
12COMPANY PROFILES158
12.1KEY PLAYERS158
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1SENSATA TECHNOLOGIES INC.158
TABLE 130SENSATA TECHNOLOGIES INC: COMPANY OVERVIEW158
FIGURE 44SENSATA TECHNOLOGIES INC: COMPANY SNAPSHOT159
TABLE 131SENSATA TECHNOLOGIES INC: PRODUCTS OFFERED160
TABLE 132SENSATA TECHNOLOGIES INC: PRODUCT LAUNCHES160
TABLE 133SENSATA TECHNOLOGIES INC: OTHER DEVELOPMENTS161
12.1.2HEIDENHAIN162
TABLE 134HEIDENHAIN: COMPANY OVERVIEW162
TABLE 135HEIDENHAIN: PRODUCTS OFFERED162
TABLE 136HEIDENHAIN: PRODUCTS LAUNCHES163
TABLE 137HEIDENHAIN: OTHER DEVELOPMENTS164
12.1.3FORTIVE (DYNAPAR CORPORATION)165
TABLE 138FORTIVE (DYNAPAR CORPORATION): COMPANY OVERVIEW165
FIGURE 45FORTIVE (DYNAPAR CORPORATION): COMPANY SNAPSHOT166
TABLE 139FORTIVE (DYNAPAR CORPORATION): PRODUCTS OFFERED167
TABLE 140FORTIVE (DYNAPAR CORPORATION): PRODUCT LAUNCHES167
12.1.4RENISHAW PLC169
TABLE 141RENISHAW PLC: COMPANY OVERVIEW169
FIGURE 46RENISHAW PLC: COMPANY SNAPSHOT170
TABLE 142RENISHAW PLC: PRODUCTS OFFERED171
TABLE 143RENISHAW PLC: PRODUCTS LAUNCHES172
12.1.5MITUTOYO CORPORATION174
TABLE 144MITUTOYO CORPORATION: COMPANY OVERVIEW174
TABLE 145MITUTOYO CORPORATION: PRODUCTS OFFERED174
TABLE 146MITUTOYO CORPORATION: OTHER DEVELOPMENTS175
12.1.6FRABA B.V. (POSITAL FRABA)176
TABLE 147FRABA B.V. (POSITAL FRABA): COMPANY OVERVIEW176
TABLE 148FRABA B.V.: PRODUCTS OFFERED177
TABLE 149FRABA B.V.: PRODUCT LAUNCHES177
TABLE 150FRABA B.V.: DEALS178
TABLE 151FRABA B.V.: OTHER DEVELOPMENTS178
12.1.7IFM ELECTRONIC GMBH179
TABLE 152IFM ELECTRONIC GMBH: COMPANY OVERVIEW179
TABLE 153IFM ELECTRONIC GMBH: PRODUCTS OFFERED179
TABLE 154IFM ELECTRONIC GMBH: OTHER DEVELOPMENTS180
12.1.8PEPPERL+FUCHS SE181
TABLE 155PEPPERL+FUCHS SE: COMPANY OVERVIEW181
TABLE 156PEPPERL+FUCHS SE: PRODUCTS OFFERED181
TABLE 157PEPPERL+FUCHS SE: PRODUCT LAUNCHES182
12.1.9MAXON MOTOR AG183
TABLE 158MAXON MOTOR AG: BUSINESS OVERVIEW183
TABLE 159MAXON MOTOR AG: PRODUCTS OFFERED183
TABLE 160MAXON MOTOR AG: PRODUCT LAUNCHES184
TABLE 161MAXON MOTOR AG: OTHER DEVELOPMENTS184
12.1.10BALLUFF INC.185
TABLE 162BALLUFF INC: COMPANY OVERVIEW185
TABLE 163BALLUFF INC: PRODUCT OFFERED185
TABLE 164BALLUFF INC: PRODUCT LAUNCHES186
TABLE 165BALLUFF INC: OTHER DEVELOPMENTS186
12.1.11PILZ GMBH & CO. KG187
TABLE 166PILZ GMBH & CO. KG: COMPANY OVERVIEW187
TABLE 167PILZ GMBH & CO. KG: PRODUCTS OFFERED187
12.1.12TAMAGAWA SEIKI CO., LTD.188
TABLE 168TAMAGAWA SEIKI CO., LTD.: COMPANY OVERVIEW188
TABLE 169TAMAGAWA SEIKI CO., LTD.: PRODUCTS OFFERED188
12.1.13FAULHABER GROUP189
TABLE 170FAULHABER GROUP: COMPANY OVERVIEW189
TABLE 171FAULHABER GROUP: PRODUCTS OFFERED189
TABLE 172FAULHABER GROUP: PRODUCT LAUNCHES190
TABLE 173FAULHABER GROUP: OTHER DEVELOPMENTS190
12.1.14BAUMER GROUP191
TABLE 174BAUMER GROUP: COMPANY OVERVIEW191
TABLE 175BAUMER GROUP: PRODUCTS OFFERED191
TABLE 176BAUMER GROUP: PRODUCT LAUNCHES192
TABLE 177BAUMER GROUP: OTHER DEVELOPMENTS192
12.1.15KOYO ELECTRONICS INDUSTRIES CO., LTD.193
TABLE 178KOYO ELECTRONICS INDUSTRIES CO., LTD: COMPANY OVERVIEW193
TABLE 179KOYO ELECTRONICS INDUSTRIES CO., LTD: PRODUCTS OFFERED193
TABLE 180KOYO ELECTRONICS INDUSTRIES CO., LTD: PRODUCT LAUNCHES194
TABLE 181KOYO ELECTRONICS INDUSTRIES CO., LTD: OTHER DEVELOPMENTS194
12.2OTHER KEY PLAYERS195
12.2.1SCHNEIDER ELECTRIC SE195
12.2.2OMRON CORPORATION196
12.2.3ROCKWELL AUTOMATION, INC.196
12.2.4SICK AG197
12.2.5HENGSTLER GMBH197
12.2.6KÜBLER GROUP198
12.2.7ELAP SRL198
12.2.8SIKO GMBH199
12.2.9NEMICON CORPORATION199
12.2.10GURLEY PRECISION INSTRUMENTS200
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13ADJACENT & RELATED MARKETS201
13.1INTRODUCTION201
13.2LIMITATIONS201
13.3POSITION SENSOR MARKET, BY APPLICATION202
13.3.1INTRODUCTION202
TABLE 182POSITION SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)202
TABLE 183POSITION SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)202
13.3.2MACHINE TOOLS203
13.3.2.1Use of position sensors in machine tools enables a higher degree of automation and versatility203
TABLE 184POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2016–2019 (USD MILLION)203
TABLE 185POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2020–2025 (USD MILLION)203
13.3.3ROBOTICS204
13.3.3.1Position sensors provide meaningful information to controllers via electronic signals enabling robots to perform tasks efficiently204
TABLE 186POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2016–2019 (USD MILLION)204
TABLE 187POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2020–2025 (USD MILLION)204
13.3.4MOTION SYSTEMS205
13.3.4.1Position sensors are used in motion systems to measure absolute or incremental displacement205
TABLE 188POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2016–2019 (USD MILLION)205
TABLE 189POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2020–2025 (USD MILLION)205
13.3.5MATERIAL HANDLING206
13.3.5.1Material handling applications require position sensors to ensure safe and controlled operations206
TABLE 190POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2016–2019 (USD MILLION)206
TABLE 191POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2020–2025 (USD MILLION)206
13.3.6TEST EQUIPMENT207
13.3.6.1Automotive, aerospace, industrial, and medical sectors use position sensors to test equipment and ensure high accuracy & precision207
TABLE 192POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2016–2019 (USD MILLION)207
TABLE 193POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2020–2025 (USD MILLION)207
13.3.7OTHERS208
TABLE 194POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)208
TABLE 195POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)208
13.3.8IMPACT OF COVID-19 ON POSITION SENSOR MARKET FOR DIFFERENT APPLICATIONS208
14APPENDIX209
14.1DISCUSSION GUIDE209
14.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL212
14.3CUSTOMIZATION OPTIONS214
14.4RELATED REPORTS214
14.5AUTHOR DETAILS215
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