Encoders - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Encoders market accounted for $1.44 billion in 2018 and is expected to reach $3.58 billion by 2027 growing at a CAGR of 10.6% during the forecast period. Growing need for high-end automation across various industries is one of the major factors driving the market growth. However, varying international regulations and problems related with accuracy may hinder the market growth. Moreover, rising demand for artificial intelligence-based systems and upcoming technologies in automotive industry will provide ample opportunities for the growth of the market.
An Encoder is a sensing device that gives feedback from the physical world. It converts motion to an electrical signal which can be read by a kind of control device, for example, a counter or PLC. They produce either incremental or absolute signals. They use technologies like mechanical, magnetic, resistive, and optical to create a signal.
By type, rotary encoders segment is constantly enhncing due to their durability and excellent performance. Rotary encoders track motor shaft rotation to generate a digital position and motion information. They are electromechanical devices that are used to measure the number of rotations, the rotational angle, and the rotational position of equipment. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rising demand in automotive and food & beverages in this region.
Some of the key players in this market include Rockwell Automation Inc., Sensata Technologies, Baumer Group, Heidenhain GmbH, IFM Electronic GmbH, Omron Automation, Maxon Motor Ag, Faulhaber Group, Dynapar Corporation and Posital-Fraba Inc.
• Rotary Encoders
• Linear Encoders
• Other Types
• Other Technologies
• Metal formation & Fabrication
• Material Handling
• Mobile Equipment
End Users Covered:
• Food & Beverage
• Consumer Electronics
• Printing Machinery
• Registration Mark Timing
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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