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Global Encoder Market with COVID-19 Impact, by Type (Linear, Rotary), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power, Healthcare), Signal Type, and Geography - Forecast to 2026

  • ID: 5331654
  • Report
  • May 2021
  • Region: Global
  • 186 Pages
  • Markets and Markets
Global Encoder Market Projected to Reach USD 3.7 Billion by 2026, Registering a CAGR of 10%

FEATURED COMPANIES

  • Balluff Inc.
  • Faulhaber Group
  • Hengstler GmbH
  • Maxon Motor AG
  • Omron Corporation
  • Renishaw plc

The global encoder market is expected to grow from USD 2.3 billion in 2021 to USD 3.7 billion by 2026, at a CAGR of 10%.

The growth of this market is mainly driven by the need for high-end automation across industries, growth in adoption of Industry 4.0, and the inclination toward advanced technologies amid COVID-19 pandemic.

However, factors such as problems related to accuracy, variation in international regulations, and mechanical failures in harsh environments are restraining the market growth.

Rotary encoders to grow at the highest CAGR during the forecast period

The increasing demand for automated industrial machines and robotics is driving the growth of the rotary encoders market. Rotary encoders are electromechanical devices used to measure the number of rotations, rotational angle, and rotational position of equipment. These encoders are also known as shaft encoders or simply encoders.

They are used for position sensing across various applications, for example, on motors paired with drives and automated machinery in consumer electronics, elevators, conveyor speed monitors, industrial machines, and robotics. They track the turning of motor shafts to generate a digital position and motion information. Whether incremental or absolute, magnetic, or optical, rotary encoders track motor shaft rotation to generate a digital position and motion information.

Rotary encoders are used in a wide range of applications that require monitoring or control, or both, of mechanical systems, including industrial controls, robotics, photographic lenses, computer input devices, and rotating radar platforms.

Consumer Electronics application dominated the encoder market in 2020

Consumer electronics is one of the fastest-growing markets for encoders. In this industry, encoders are widely used in office equipment such as PC-based scanning equipment, printers, copiers, answering machines, and scanners. For instance, many industrial inkjet printing systems are equipped with a rotary encoder to track the motion of the object to be printed. This enables the print head to apply the image to a precisely controlled location on the object.

Furthermore, an evident surge has been noticed in the use of encoders in APAC and North America for consumer electronics applications owing to the rapid adoption of new technologies and the presence of many consumer electronics giants, such as Apple (US), Samsung Electronics (South Korea), Huawei (China), Sony Corporation (Japan), HP Inc. (US).

Market in APAC to grow at highest CAGR during the forecast period

In 2020, APAC accounted for a prime share of the encoders market. The growth of the encoders market is primarily attributed to the increasing number of manufacturing and engineering hubs related to various industries. The concept of autonomous, electric, and connected cars has fueled the growth of the automotive industry in APAC, especially in China. The automotive industry in the country has been growing rapidly, and the country is playing an important role in the global automotive market.

The increasing demand for energy-efficient production processes, coupled with the need for feedback systems, is expected to create opportunities for the encoder market in APAC. However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have highly impacted the growth of the market, eventually impacting the economy.

Research Coverage

In this report, the encoder market has been segmented based on encoder type, signal type, technology, application, and region. The encoder market based on signal type has been segmented into absolute and incremental. Based on the encoder type, the market has been segmented into rotary encoder and linear encoder. Based on the technology, the market has been segmented into magnetic, optical, inductive, and others. Based on the application, the market has been segregated into industrial, healthcare, consumer electronics, automotive, power, food & beverages, aerospace, printing, textiles, and others. The study also forecasts the size of the market in four main regions - North America, Europe, APAC, and RoW.

Major players profiled in this report are as follows: Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), Renishaw plc (UK), ifm electronics (Germany), POSITAL FRABA (Netherlands), and others.

Breakdown of the profiles of primary participants:

  • By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17%
  • By Designation: C-level Executives - 47%, Directors - 31%, and Others - 22%
  • By Region: North America - 36%, Europe - 29%, APAC - 30%, and RoW - 5%

Key Benefits of Buying the Report

The report would help market leaders/new entrants in this market in the following ways:

  • This report segments of the encoder market comprehensively and provides the closest approximation of the overall market size and subsegments that include encoder type, signal type, technology, application, and region.
  • The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the encoder market.
  • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
  • The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Balluff Inc.
  • Faulhaber Group
  • Hengstler GmbH
  • Maxon Motor AG
  • Omron Corporation
  • Renishaw plc

1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Encoder Market, by Geography
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Encoder Market: Research Design
2.2 Secondary & Primary Research
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Primary Interviews with Experts
2.2.2.2 Key Data from Primary Sources
2.2.2.3 Key Industry Insights
2.2.2.4 Breakdown of Primaries
2.3 Market Size Estimation
Figure 2 Market Size Estimation Methodology: Approach (Supply Side): Revenue of Products/Solutions/Services of Encoder Market Size
2.3.1 Bottom-Up Approach
2.3.1.1 Approach for Arriving at Market Share by Bottom-Up Analysis (Demand Side)
Figure 3 Encoder Market: Bottom-Up Approach
2.3.2 Top-Down Approach
2.3.2.1 Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
Figure 4 Encoder Market: Top-Down Approach
2.4 Market Breakdown & Data Triangulation
Figure 5 Data Triangulation
2.5 Research Assumptions
2.6 Risk Assessment
Table 1 Limitations & Associated Results

3 Executive Summary
Figure 6 COVID-19 Impact Analysis on Encoder Market
3.1 Realistic Scenario
3.2 Pessimistic Scenario
3.3 Optimistic Scenario
Figure 7 Industrial Application to Account for Largest Share of Encoder Market During Forecast Period
Figure 8 Rotary Encoder Segment to Hold Larger Share of Encoder Market During Forecast Period
Figure 9 Magnetic Technology to Hold Larger Share of Encoder Market During Forecast Period
Figure 10 APAC to Register Highest CAGR During Forecast Period

4 Premium Insights
4.1 Attractive Growth Opportunities for Encoder Market
Figure 11 APAC to Create High Growth Opportunities for Encoder Market
4.2 Encoder Market, by Encoder Type
Figure 12 Market for Rotary Encoder to Register Higher CAGR Between 2021 and 2026
4.3 Encoder Market, by Technology
Figure 13 Magnetic Technology to Hold Largest Share of Encoder Market in 2026
4.4 Encoder Market, by Application
Figure 14 Industrial Application Segment to Hold Major Share of Encoder Market During Forecast Period
4.5 Encoder Market, by Geography
Figure 15 APAC to Hold Largest Share of Encoder Market in 2026

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Encoder Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Need for High-End Automation Across Industries
5.2.1.2 Growth in Adoption of Industry 4.0
5.2.1.3 Inclination Toward Advanced Technologies Amid COVID-19 Pandemic
Figure 17 Drivers of Encoder Market and Their Impact
5.2.2 Restraints
5.2.2.1 Problems Related to Accuracy
5.2.2.2 Variations in International Regulations
Figure 18 Restraints of Encoder Market and Their Impact
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Artificial Intelligence-Based Systems
5.2.3.2 Upcoming Technologies in Automotive Industry
Figure 19 Opportunities for Encoder Market and Their Impact
5.2.4 Challenges
5.2.4.1 Mechanical Failures in Harsh Environments
5.2.4.2 Disruption in Supply Chain due to COVID-19 Situation
5.2.4.3 Decline in Growth of Aerospace Industry Attributed to COVID-19
Figure 20 Challenges for Encoder Market and Their Impact
5.3 Value Chain Analysis
Figure 21 Value Chan Analysis: Encoder Market

6 Encoder Market, by Encoder Type
6.1 Introduction
Figure 22 Encoder Market, by Encoder Type
Figure 23 Rotary Encoder Segment to Hold Larger Share of Encoder Market in 2026
Table 2 Encoder Market, by Encoder Type, 2017-2020 (USD Million)
Table 3 Encoder Market, by Encoder Type, 2021-2026 (USD Million)
Table 4 Encoder Market, by Encoder Type, 2017-2020 (Million Units)
Table 5 Encoder Market, by Encoder Type, 2021-2026 (Million Units)
6.2 Rotary Encoder
6.2.1 Rotary Encoders are Used for Determining Angular Position of Rotating Shaft
Table 6 Rotary Encoder Market, by Signal Type, 2017-2020 (USD Million)
Table 7 Rotary Encoder Market, by Signal Type, 2021-2026 (USD Million)
Table 8 Rotary Incremental Encoder Market, by Technology, 2017-2020 (USD Million)
Table 9 Rotary Incremental Encoder Market, by Technology, 2021-2026 (USD Million)
Table 10 Rotary Absolute Encoder Market, by Technology, 2017-2020 (USD Million)
Table 11 Rotary Absolute Encoder Market, by Technology, 2021-2026 (USD Million)
Table 12 Rotary Encoder Market, by Technology, 2017-2020 (USD Million)
Table 13 Rotary Encoder Market, by Technology, 2021-2026 (USD Million)
Table 14 Rotary Encoder Market, by Application, 2017-2020 (USD Million)
Table 15 Rotary Encoder Market, by Application, 2021-2026 (USD Million)
Table 16 Rotary Encoder Market, by Region, 2017-2020 (USD Million)
Table 17 Rotary Encoder Market, by Region, 2021-2026 (USD Million)
6.3 Linear Encoder
6.3.1 Linear Encoders are Used to Carry Out Position Measurement and Send Feedback to Control System
Table 18 Linear Encoder Market, by Signal Type, 2017-2020 (USD Million)
Table 19 Linear Encoder Market, by Signal Type, 2021-2026 (USD Million)
Table 20 Linear Encoder Market, by Technology, 2017-2020 (USD Million)
Table 21 Linear Incremental Encoder Market, by Technology, 2017-2020 (USD Million)
Table 22 Linear Incremental Encoder Market, by Technology, 2021-2026 (USD Million)
Table 23 Linear Absolute Encoder Market, by Technology, 2017-2020 (USD Million)
Table 24 Linear Absolute Encoder Market, by Technology, 2021-2026 (USD Million)
Table 25 Linear Encoder Market, by Technology, 2021-2026 (USD Million)
Table 26 Linear Encoder Market, by Application, 2017-2020 (USD Million)
Table 27 Linear Encoder Market, by Application, 2021-2026 (USD Million)
Table 28 Linear Encoder Market, by Region, 2017-2020 (USD Million)
Table 29 Linear Encoder Market, by Region, 2021-2026 (USD Million)

7 Encoder Market, by Signal Type
7.1 Introduction
Figure 24 Encoder Market, by Signal Type
Figure 25 Incremental Encoder Segment to Hold Larger Share of Encoder Market in 2026
Table 30 Encoder Market, by Signal Type, 2017-2020 (USD Million)
Table 31 Encoder Market, by Signal Type, 2021-2026 (USD Million)
7.2 Incremental Encoder
7.2.1 Incremental Encoder Segment to Hold Largest Market Share
Table 32 Incremental Encoder Market, by Encoder Type, 2017-2020 (USD Million)
Table 33 Incremental Encoder Market, by Encoder Type, 2021-2026 (USD Million)
7.3 Absolute Encoder
7.3.1 Absolute Encoder Segment to Exhibit Higher Growth During Forecast Period
Table 34 Absolute Encoder Market, by Encoder Type, 2017-2020 (USD Million)
Table 35 Absolute Encoder Market, by Encoder Type, 2021-2026 (USD Million)

8 Encoder Market, by Technology Type
8.1 Introduction
Figure 26 Encoder Market, by Technology Type
Figure 27 Magnetic Technology Segment to Hold Largest Share of Encoder Market in 2026
Table 36 Encoder Market, by Technology Type, 2017-2020 (USD Million)
Table 37 Encoder Market, by Technology Type, 2021-2026 (USD Million)
8.2 Magnetic Encoder
8.2.1 Magnetic Technology to Hold Largest Market Share
Table 38 Magnetic Technology, by Encoder Type, 2017-2020 (USD Million)
Table 39 Magnetic Technology, by Encoder Type, 2021-2026 (USD Million)
Table 40 Magnetic Technology, by Rotary Encoder Type, 2017-2020 (USD Million)
Table 41 Magnetic Technology, by Rotary Encoder Type, 2021-2026 (USD Million)
Table 42 Magnetic Technology, by Linear Encoder Type, 2017-2020 (USD Million)
Table 43 Magnetic Technology, by Linear Encoder Type, 2021-2026 (USD Million)
8.3 Optical Encoder
8.3.1 Ability to Monitor and Control Mechanical Systems to Drive Growth of Market
Table 44 Optical Technology, by Encoder Type, 2017-2020 (USD Million)
Table 45 Optical Technology, by Encoder Type, 2021-2026 (USD Million)
Table 46 Optical Technology, by Rotary Encoder Type, 2017-2020 (USD Million)
Table 47 Optical Technology, by Rotary Encoder Type, 2021-2026 (USD Million)
Table 48 Optical Technology, by Linear Encoder Type, 2017-2020 (USD Million)
Table 49 Optical Technology, by Linear Encoder Type, 2021-2026 (USD Million)
8.4 Inductive Encoder
8.4.1 Inductive Encoder Segment to Record Highest Growth During Forecast Period
Table 50 Inductive Technology, by Encoder Type, 2017-2020 (USD Million)
Table 51 Inductive Technology, by Encoder Type, 2021-2026 (USD Million)
Table 52 Inductive Technology, by Rotary Encoder Type, 2017-2020 (USD Million)
Table 53 Inductive Technology, by Rotary Encoder Type, 2021-2026 (USD Million)
Table 54 Inductive Technology, by Linear Encoder Type, 2017-2020 (USD Million)
Table 55 Inductive Technology, by Linear Encoder Type, 2021-2026 (USD Million)
8.5 Others
Table 56 Other Technology, by Encoder Type, 2017-2020 (USD Million)
Table 57 Other Technology, by Encoder Type, 2021-2026 (USD Million)
Table 58 Other Technology, by Rotary Encoder Type, 2017-2020 (USD Million)
Table 59 Other Technology, by Rotary Encoder Type, 2021-2026 (USD Million)
Table 60 Other Technology, by Linear Encoder Type, 2017-2020 (USD Million)
Table 61 Other Technology, by Linear Encoder Type, 2021-2026 (USD Million)

9 Encoder Market, by Application
9.1 Introduction
Figure 28 Encoder Market, by Application
Figure 29 Industrial Segment to Hold Largest Size of Encoder Market in 2026
Table 62 Encoder Market, by Application, 2017-2020 (USD Million)
Table 63 Encoder Market, by Application, 2021-2026 (USD Million)
9.2 Industrial
9.2.1 Industrial Application Segment to Hold Largest Share of Encoder Market
Table 64 Encoder Market for Industrial Application, by Encoder Type, 2017-2020 (USD Million)
Table 65 Encoder Market for Industrial Application, by Encoder Type, 2021-2026 (USD Million)
Table 66 Encoder Market for Industrial Application, by Region, 2017-2020 (USD Million)
Table 67 Encoder Market for Industrial Application, by Region, 2021-2026 (USD Million)
9.3 Healthcare
9.3.1 Healthcare Application Segment to Witness Significant Growth During Forecast Period
Table 68 Encoder Market for Healthcare Application, by Encoder Type, 2017-2020 (USD Million)
Table 69 Encoder Market for Healthcare Application, by Encoder Type, 2021-2026 (USD Million)
Table 70 Encoder Market for Healthcare Application, by Region, 2017-2020 (USD Million)
Table 71 Encoder Market for Healthcare Application, by Region, 2021-2026 (USD Million)
9.4 Consumer Electronics
9.4.1 Technological Innovations to Drive Growth of Consumer Electronics Application Segment
Table 72 Encoder Market for Consumer Electronics Application, by Encoder Type, 2017-2020 (USD Million)
Table 73 Encoder Market for Consumer Electronics Application, by Encoder Type, 2021-2026 (USD Million)
Table 74 Encoder Market for Consumer Electronics Application, by Region, 2017-2020 (USD Million)
Table 75 Encoder Market for Consumer Electronics Application, by Region, 2021-2026 (USD Million)
9.5 Automotive
9.5.1 Increasing Integration of Advanced Technologies into Automobiles Have Driven Demand for Encoders in Automotive Application
Table 76 Encoder Market for Automotive Application, by Encoder Type, 2017-2020 (USD Million)
Table 77 Encoder Market for Automotive Application, by Encoder Type, 2021-2026 (USD Million)
Table 78 Encoder Market for Automotive Application, by Region, 2017-2020 (USD Million)
Table 79 Encoder Market for Automotive Application, by Region, 2021-2026 (USD Million)
9.6 Power
9.6.1 Increasing Complexity in Power Applications to Boost Growth of Encoder Market
Table 80 Encoder Market for Power Application, by Encoder Type, 2017-2020 (USD Million)
Table 81 Encoder Market for Power Application, by Encoder Type, 2021-2026 (USD Million)
Table 82 Encoder Market for Power Application, by Region, 2017-2020 (USD Million)
Table 83 Encoder Market for Power Application, by Region, 2021-2026 (USD Million)
9.7 Food and Beverages
9.7.1 Integration of IO-Link Technology into Encoders to Boost Growth of Food and Beverages Application Segment During Forecast Period
Table 84 Encoder Market for Food and Beverages Application, by Encoder Type, 2017-2020 (USD Million)
Table 85 Encoder Market for Food and Beverages Application, by Encoder Type, 2021-2026 (USD Million)
Table 86 Encoder Market for Food and Beverages Application, by Region, 2017-2020 (USD Million)
Table 87 Encoder Market for Food and Beverages Application, by Region, 2021-2026 (USD Million)
9.8 Aerospace
9.8.1 Precision Control Technology to Play Vital Role in Growth of Aerospace Segment
Table 88 Encoder Market for Aerospace Application, by Encoder Type, 2017-2020 (USD Million)
Table 89 Encoder Market for Aerospace Application, by Encoder Type, 2021-2026 (USD Million)
Table 90 Encoder Market for Aerospace Application, by Region, 2017-2020 (USD Million)
Table 91 Encoder Market for Aerospace Application, by Region, 2021-2026 (USD Million)
9.9 Printing
9.9.1 North America to be Key Encoder Market for Printing Application
Table 92 Encoder Market for Printing Application, by Encoder Type, 2017-2020 (USD Million)
Table 93 Encoder Market for Printing Application, by Encoder Type, 2021-2026 (USD Million)
Table 94 Encoder Market for Printing Application, by Region, 2017-2020 (USD Million)
Table 95 Encoder Market for Printing Application, by Region, 2021-2026 (USD Million)
9.10 Textiles
9.10.1 Increasing Applications of Encoders in Weaving, Knitting, Printing, and Extruding Processes to Drive Market Growth
Table 96 Encoder Market for Textiles Application, by Encoder Type, 2017-2020 (USD Million)
Table 97 Encoder Market for Textiles Application, by Encoder Type, 2021-2026 (USD Million)
Table 98 Encoder Market for Textiles Application, by Region, 2017-2020 (USD Million)
Table 99 Encoder Market for Textiles Application, by Region, 2021-2026 (USD Million)
9.11 Others
Table 100 Encoder Market for Other Application, by Encoder Type, 2017-2020 (USD Million)
Table 101 Encoder Market for Other Application, by Encoder Type, 2021-2026 (USD Million)
Table 102 Encoder Market for Other Application, by Region, 2017-2020 (USD Million)
Table 103 Encoder Market for Other Application, by Region, 2021-2026 (USD Million)

10 Geographic Analysis
10.1 Introduction
Figure 30 Geographic Snapshot: APAC Encoder Market to Witness Significant Growth During Review Period
Table 104 Encoder Market, by Region, 2017-2020 (USD Million)
Table 105 Encoder Market, by Region, 2021-2026 (USD Million)
10.2 North America
Figure 31 North America: Encoder Market Snapshot
Table 106 Encoder Market in North America, by Country, 2017-2020 (USD Million)
Table 107 Encoder Market in North America, by Country, 2021-2026 (USD Million)
Table 108 Encoder Market in North America, by Encoder Type, 2017-2020 (USD Million)
Table 109 Encoder Market in North America, by Encoder Type, 2021-2026 (USD Million)
Table 110 Encoder Market in North America, by Application, 2017-2020 (USD Million)
Table 111 Encoder Market in North America, by Application, 2021-2026 (USD Million)
10.2.1 US
10.2.1.1 Large Industrial Bases to Drive Market Growth
Figure 32 US Yearly Manufacturing Output USD Billion (2016-2020)
10.2.2 Canada
10.2.2.1 Growing Adoption of Advanced Technologies to Drive Growth of Encoder Market
10.2.3 Mexico
10.2.3.1 Expanding Consumer Electronics Industry to Drive Growth of Encoder Market in Mexico
10.3 Europe
Figure 33 Europe: Encoder Market Snapshot
Table 112 Encoder Market in Europe, by Country, 2017-2020 (USD Million)
Table 113 Encoder Market in Europe, by Country, 2021-2026 (USD Million)
Table 114 Encoder Market in Europe, by Encoder Type, 2017-2020 (USD Million)
Table 115 Encoder Market in Europe, by Encoder Type, 2021-2026 (USD Million)
Table 116 Encoder Market in Europe, by Application, 2017-2020 (USD Million)
Table 117 Encoder Market in Europe, by Application, 2021-2026 (USD Million)
10.3.1 UK
10.3.1.1 Expanding Manufacturing Sector in UK to Drive Growth of Encoder Market
10.3.2 Germany
10.3.2.1 Growing Use of Robotics to Drive Growth of German Encoder Market
10.3.3 France
10.3.3.1 Growing Manufacturing Sector to Fuel Growth of Encoder Market
10.3.4 Rest of Europe (RoE)
10.4 APAC
Figure 34 APAC: Encoder Market Snapshot
Table 118 Encoder Market in APAC, by Country, 2017-2020 (USD Million)
Table 119 Encoder Market in APAC, by Country, 2021-2026 (USD Million)
Table 120 Encoder Market in APAC, by Encoder Type, 2017-2020 (USD Million)
Table 121 Encoder Market in APAC, by Encoder Type, 2021-2026 (USD Million)
Table 122 Encoder Market in APAC, by Application, 2017-2020 (USD Million)
Table 123 Encoder Market in APAC, by Application, 2021-2026 (USD Million)
10.4.1 China
10.4.1.1 China to Hold Largest Share of APAC Market
10.4.2 Japan
10.4.2.1 Technological Revolutions are Driving Growth of Encoder Market in Japan
10.4.3 South Korea
10.4.3.1 Increasing Investments in Advanced Technologies to Fuel Market Growth
10.4.4 India
10.4.4.1 Textile and Automotive Industries to Play Vital Role in Market Growth in India
10.4.5 Rest of APAC (RoAPAC)
10.5 Rest of the World (RoW)
Table 124 Encoder Market in RoW, by Country, 2017-2020 (USD Million)
Table 125 Encoder Market in RoW, by Country, 2021-2026 (USD Million)
Table 126 Encoder Market in RoW, by Encoder Type, 2017-2020 (USD Million)
Table 127 Encoder Market in RoW, by Encoder Type, 2021-2026 (USD Million)
Table 128 Encoder Market in RoW, by Application, 2017-2020 (USD Million)
Table 129 Encoder Market in RoW, by Application, 2021-2026 (USD Million)
10.5.1 Middle East and Africa
10.5.1.1 Middle East and Africa to Witness Significant Growth
10.5.2 South America
10.5.2.1 Growing Mining Industry to Fuel Market Growth in South American Countries
10.5.3 Middle East
10.5.3.1 Surge in Automation to Propel Growth of Encoder Market
10.5.4 Africa
10.5.4.1 Automotive Industry to Play a Vital Role in Growth of Encoder Market in Africa

11 Competitive Landscape
11.1 Introduction
Figure 35 Key Developments in Encoder Market (2018-2021)
11.1.1 Revenue Analysis of Top 5 Companies
Figure 36 Encoder Market: Market Share Analysis (2020)
11.2 Market Share Analysis of Top 5 Players, 2020
Table 130 Market Share of Top 5 Players in Encoder Market, 2020
11.3 Competitive Evaluation Quadrant, 2020
11.3.1 Star
11.3.2 Emerging Leader
11.3.3 Pervasive
11.3.4 Participant
Figure 37 Encoder Market (Global) Company Evaluation Quadrant, 2020
11.4 Competitive Situations and Trends
11.4.1 Product Launches and Developments
Table 131 Encoder Market: Product Launches and Developments, January 2018-April 2021
11.4.2 Sales Contracts and Expansion of Encoder Market: Others, January 2018-March 2021

12 Company Profiles
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, Product Launches and Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats)*
12.1.1 Renishaw plc
Table 132 Renishaw plc: Business Overview
Figure 38 Renishaw plc: Company Snapshot
12.1.2 Heidenhain
Table 133 Heidenhain: Business Overview
12.1.3 Fraba B.V. (Posital Fraba)
Table 134 Fraba B.V. (Posital Fraba): Business Overview
12.1.4 Sensata Technologies
Table 135 Sensata Technologies: Business Overview
Figure 39 Sensata Technologies: Company Snapshot
12.1.5 IFM Electronics
Table 136 IFM Electronics: Business Overview
12.1.6 Mitutoyo Corporation
Table 137 Mitutoyo Corporation: Business Overview
12.1.7 Pepperl+Fuchs SE
Table 138 Pepperl+Fuchs SE: Business Overview
12.1.8 Fortive (Dynapar Corporation)
Table 139 Fortive (Dynapar Corporation): Business Overview
Figure 40 Fortive (Dynapar Corporation): Company Snapshot
12.1.9 Maxon Motor AG
Table 140 Maxon Motor AG: Business Overview
12.1.10 Balluff Inc.
Table 141 Balluff Inc.: Business Overview
12.1.11 Pilz GmbH & Co. KG
Table 142 Pilz GmbH & Co. KG: Business Overview
12.1.12 Tamagawa Seiki Co. Ltd.
Table 143 Tamagawa Seiki Co. Ltd: Business Overview
12.1.13 Faulhaber Group
Table 144 Faulhaber Group.: Business Overview
12.1.14 Baumer Group
Table 145 Baumer Group.: Business Overview
12.1.15 Koyo Electronics Industries Co. Ltd.
Table 146 Koyo Electronics Industries Co. Ltd.: Business Overview
*Business Overview, Products Offered, Recent Developments, Product Launches and Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies
12.2 Other Key Players
12.2.1 Schneider Electric SE
12.2.2 Omron Corporation
12.2.3 Rockwell Automation Inc.
12.2.4 Sick
12.2.5 Hengstler GmbH
12.2.6 Kubler
12.2.7 ELAP
12.2.8 Siko GmbH
12.2.9 Nemicon
12.2.10 Gurley

13 Adjacent & Related Markets
13.1 Introduction
13.2 Limitations
13.3 Position Sensor Market, by Application
13.3.1 Introduction
Table 147 Position Sensor Market, by Application, 2016-2019 (USD Million)
Table 148 Position Sensor Market, by Application, 2020-2025 (USD Million)
13.3.2 Machine Tools
13.3.2.1 Use of Position Sensors in Machine Tools Enables Higher Degree of Automation and Versatility, Along with Improved Safety and Energy Efficiency
Table 149 Position Sensor Market for Machine Tools, by Type, 2016-2019 (USD Million)
Table 150 Position Sensor Market for Machine Tools, by Type, 2020-2025 (USD Million)
13.3.3 Robotics
13.3.3.1 Position Sensors Provide Meaningful Information to Controllers Via Electronic Signals Enabling Robots to Perform Their Tasks Efficiently
Table 151 Position Sensor Market for Robotics, by Type, 2016-2019 (USD Million)
Table 152 Position Sensor Market for Robotics, by Type, 2020-2025 (USD Million)
13.3.4 Motion Systems
13.3.4.1 Position Sensors are Used in Motion Systems to Measure Absolute or Incremental Displacement
Table 153 Position Sensor Market for Motion Systems, by Type, 2016-2019 (USD Million)
Table 154 Position Sensor Market for Motion Systems, by Type, 2020-2025 (USD Million)
13.3.5 Material Handling
13.3.5.1 Material Handling Applications Require Position Sensors to Ensure Safe and Controlled Operations
Table 155 Position Sensor Market for Material Handling, by Type, 2016-2019 (USD Million)
Table 156 Position Sensor Market for Material Handling, by Type, 2020-2025 (USD Million)
13.3.6 Test Equipment
13.3.6.1 Automotive, Aerospace, Industrial, and Medical Sectors Use Position Sensors to Test Their Equipment and Ensure High Accuracy and Precision
Table 157 Position Sensor Market for Test Equipment, by Type, 2016-2019 (USD Million)
Table 158 Position Sensor Market for Test Equipment, by Type, 2020-2025 (USD Million)
13.3.7 Others
Table 159 Position Sensor Market for Other Applications, by Type, 2016-2019 (USD Million)
Table 160 Position Sensor Market for Other Applications, by Type, 2020-2025 (USD Million)
13.3.8 Impact of COVID-19 on Position Sensor Market for Different Applications

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: The Subscription Portal
14.4 Available Customizations

Note: Product cover images may vary from those shown
  • Balluff Inc.
  • Baumer Group
  • ELAP
  • Faulhaber Group
  • Fortive (Dynapar Corporation)
  • Fraba B.V. (Posital Fraba)
  • Gurley
  • Heidenhain
  • Hengstler GmbH
  • IFM Electronics
  • Koyo Electronics Industries Co. Ltd.
  • Kubler
  • Maxon Motor AG
  • Mitutoyo Corporation
  • Nemicon
  • Omron Corporation
  • Pepperl+Fuchs SE
  • Pilz GmbH & Co. KG
  • Renishaw plc
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Sensata Technologies
  • Sick
  • Siko GmbH
  • Tamagawa Seiki Co. Ltd.
Note: Product cover images may vary from those shown

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