Encoders are a sensing device that are used to ensure the precision of the automated machines, such as automated guided vehicles (AGC) or autonomous mobile robot (AMR) for various functions, such as redundancy, lift control, steering assembly, and drive motors. The use of encoders to determine position, speed, count, and direction is further augmenting the market growth for encoders. The rising production and surging popularity of automated cars also account for the growth of the encoder market. Encoders are increasingly used to improve consumer experience by providing real-time speed, rotational positional information, and acceleration, further fueling the market growth.
The encoder market is segmented on the basis of type, technology, industry vertical, and region. By type, the market is divided into rotary and linear. The technology segment is divided into optical, photoelectric, magnetic, and others. The industry vertical segment is divided into industrial, healthcare, printing machinery, textile, and others. The industrial segment is further divided into manufacturing, automotive, aerospace, and others. The manufacturing segment is further divided into consumer electronics, power, and others.
Region-wise, the encoder market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific remains a significant participant in the global encoder industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
The key players operating in the market include encoder market players, such as Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding, FENAC, FRABA B. V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics.
The encoder market is segmented on the basis of type, technology, industry vertical, and region. By type, the market is divided into rotary and linear. The technology segment is divided into optical, photoelectric, magnetic, and others. The industry vertical segment is divided into industrial, healthcare, printing machinery, textile, and others. The industrial segment is further divided into manufacturing, automotive, aerospace, and others. The manufacturing segment is further divided into consumer electronics, power, and others.
Region-wise, the encoder market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific remains a significant participant in the global encoder industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
The key players operating in the market include encoder market players, such as Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding, FENAC, FRABA B. V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the encoder market analysis from 2021 to 2031 to identify the prevailing encoder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the encoder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global encoder market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By by Type
- Rotary
- Linear
By by Technology
- Optical
- Photoelectric
- Magnetic
- Others
By by Industry Vertical
- Industrial
- Type
- Manufacturing
- Automotive
- Aerospace
- Others
- Healthcare
- Printing Machinery
- Textile
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Netherlands
- Belgium
- Poland
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Thailand
- Philippines
- Indonesia
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Alps Alpine Co., Ltd.
- Bourns, Inc.
- Broadcom Inc.
- CUI Devices
- Dynapar
- ELCO Holding
- FRABA B. V.
- Grayhill Inc.
- HEIDENHAIN
- Omron Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Sensata Technologies, Inc.
- TT Electronics
- TE Connectivity
- FENAC / Fenac Technology / Fenac Engineering
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: ENCODER MARKET, BY BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Rotary
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Linear
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: ENCODER MARKET, BY BY TECHNOLOGY
5.1 Overview
5.1.1 Market size and forecast
5.2 Optical
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Photoelectric
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Magnetic
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: ENCODER MARKET, BY BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 Industrial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 Industrial Encoder Market by Type
6.2.4.1 Manufacturing Market size and forecast, by region
6.2.4.2 Automotive Market size and forecast, by region
6.2.4.3 Aerospace Market size and forecast, by region
6.2.4.4 Others Market size and forecast, by region
6.3 Healthcare
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Printing Machinery
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Textile
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: ENCODER MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by by Type
7.2.3 North America Market size and forecast, by by Technology
7.2.4 North America Market size and forecast, by by Industry Vertical
7.2.4.1 North America Industrial Encoder Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by by Type
7.2.5.1.2 Market size and forecast, by by Technology
7.2.5.1.3 Market size and forecast, by by Industry Vertical
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by by Type
7.2.5.2.2 Market size and forecast, by by Technology
7.2.5.2.3 Market size and forecast, by by Industry Vertical
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by by Type
7.2.5.3.2 Market size and forecast, by by Technology
7.2.5.3.3 Market size and forecast, by by Industry Vertical
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by by Type
7.3.3 Europe Market size and forecast, by by Technology
7.3.4 Europe Market size and forecast, by by Industry Vertical
7.3.4.1 Europe Industrial Encoder Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by by Type
7.3.5.1.2 Market size and forecast, by by Technology
7.3.5.1.3 Market size and forecast, by by Industry Vertical
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by by Type
7.3.5.2.2 Market size and forecast, by by Technology
7.3.5.2.3 Market size and forecast, by by Industry Vertical
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by by Type
7.3.5.3.2 Market size and forecast, by by Technology
7.3.5.3.3 Market size and forecast, by by Industry Vertical
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by by Type
7.3.5.4.2 Market size and forecast, by by Technology
7.3.5.4.3 Market size and forecast, by by Industry Vertical
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by by Type
7.3.5.5.2 Market size and forecast, by by Technology
7.3.5.5.3 Market size and forecast, by by Industry Vertical
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by by Type
7.3.5.6.2 Market size and forecast, by by Technology
7.3.5.6.3 Market size and forecast, by by Industry Vertical
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by by Type
7.3.5.7.2 Market size and forecast, by by Technology
7.3.5.7.3 Market size and forecast, by by Industry Vertical
7.3.5.8 Belgium
7.3.5.8.1 Market size and forecast, by by Type
7.3.5.8.2 Market size and forecast, by by Technology
7.3.5.8.3 Market size and forecast, by by Industry Vertical
7.3.5.9 Poland
7.3.5.9.1 Market size and forecast, by by Type
7.3.5.9.2 Market size and forecast, by by Technology
7.3.5.9.3 Market size and forecast, by by Industry Vertical
7.3.5.10 Rest of Europe
7.3.5.10.1 Market size and forecast, by by Type
7.3.5.10.2 Market size and forecast, by by Technology
7.3.5.10.3 Market size and forecast, by by Industry Vertical
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by by Type
7.4.3 Asia-Pacific Market size and forecast, by by Technology
7.4.4 Asia-Pacific Market size and forecast, by by Industry Vertical
7.4.4.1 Asia-Pacific Industrial Encoder Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by by Type
7.4.5.1.2 Market size and forecast, by by Technology
7.4.5.1.3 Market size and forecast, by by Industry Vertical
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by by Type
7.4.5.2.2 Market size and forecast, by by Technology
7.4.5.2.3 Market size and forecast, by by Industry Vertical
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by by Type
7.4.5.3.2 Market size and forecast, by by Technology
7.4.5.3.3 Market size and forecast, by by Industry Vertical
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by by Type
7.4.5.4.2 Market size and forecast, by by Technology
7.4.5.4.3 Market size and forecast, by by Industry Vertical
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by by Type
7.4.5.5.2 Market size and forecast, by by Technology
7.4.5.5.3 Market size and forecast, by by Industry Vertical
7.4.5.6 Malaysia
7.4.5.6.1 Market size and forecast, by by Type
7.4.5.6.2 Market size and forecast, by by Technology
7.4.5.6.3 Market size and forecast, by by Industry Vertical
7.4.5.7 Thailand
7.4.5.7.1 Market size and forecast, by by Type
7.4.5.7.2 Market size and forecast, by by Technology
7.4.5.7.3 Market size and forecast, by by Industry Vertical
7.4.5.8 Philippines
7.4.5.8.1 Market size and forecast, by by Type
7.4.5.8.2 Market size and forecast, by by Technology
7.4.5.8.3 Market size and forecast, by by Industry Vertical
7.4.5.9 Indonesia
7.4.5.9.1 Market size and forecast, by by Type
7.4.5.9.2 Market size and forecast, by by Technology
7.4.5.9.3 Market size and forecast, by by Industry Vertical
7.4.5.10 Rest of Asia-Pacific
7.4.5.10.1 Market size and forecast, by by Type
7.4.5.10.2 Market size and forecast, by by Technology
7.4.5.10.3 Market size and forecast, by by Industry Vertical
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by by Type
7.5.3 LAMEA Market size and forecast, by by Technology
7.5.4 LAMEA Market size and forecast, by by Industry Vertical
7.5.4.1 LAMEA Industrial Encoder Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by by Type
7.5.5.1.2 Market size and forecast, by by Technology
7.5.5.1.3 Market size and forecast, by by Industry Vertical
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by by Type
7.5.5.2.2 Market size and forecast, by by Technology
7.5.5.2.3 Market size and forecast, by by Industry Vertical
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by by Type
7.5.5.3.2 Market size and forecast, by by Technology
7.5.5.3.3 Market size and forecast, by by Industry Vertical
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Alps Alpine Co., Ltd.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Bourns, Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Broadcom
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 CUI Devices
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Dynapar
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 ELCO Holding
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 FENAC
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 FRABA B. V.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Grayhill Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 HEIDENHAIN
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Omron Corporation
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Panasonic Corporation
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Rockwell Automation, Inc.
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Schneider Electric
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Sensata Technologies, Inc.
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 TE Connectivity
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 TT Electronics
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
Executive Summary
Encoders are sensors of mechanical motion that interpret information and convert it into a code while possessing the capacity to convert that code back to its source. It helps to find the exact location of any object and the angle of placement for certain pieces of equipment to get the desired results. Encoders also offer accuracy in workflow, speed in operation, and proper process control. It supports the performance of high feeding tasks in manufacturing industries and the manufacture of machine tools that meet the demand for high productivity.According to the encoder market forecast, as machines become technologically advanced, enterprises are using artificial intelligence in mobile robotics, unmanned aerial drones, virtual assistants, digital twin, speech and image recognition, and machine learning. Further, encoders are used to control and commutate the rotor’s displacement at any time by consuming less energy. As mobility is driving the need for battery-powered operations, energy-efficient encoders will gain importance in future mobile robotics. Thus, the usage of rotary encoders is enhancing mobile robotics with the use of capacitive technology. Moreover, they can also help makers of many different applications meet new efficiency regulations, thus making their application easy in mobile robotics.
According to the encoder market analysis, the rotary segment was the highest contributor to the market in 2021. The industrial and healthcare segments collectively accounted for around 68.8% market share in 2021. The outbreak of the COVID-19 has significantly impacted the growth of the encoder market size.
The encoder industry key players and innovators profiled in the report include Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding , FENAC, FRABA B.V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the encoder market.
KEY FINDINGS OF THE STUDY
In 2021, the rotary segment was the major revenue contributor to the encoder industry, and is projected to grow at a notable CAGR of 8.64% during the forecast period.The optical and magnetic segments together accounted for around 74.2% of the encoder market trends in 2021.
The industrial segment is projected to growth at a CAGR of 9.71% during the forecast period.
Asia-Pacific contributed for the major encoder market share, accounting for more than 41.8% share in 2021.
Key players profiled in the report include Alps Alpine Co., Ltd., Bourns, Inc., Broadcom, CUI Devices, Dynapar, ELCO Holding , FENAC, FRABA B.V., Grayhill Inc., HEIDENHAIN, Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies, Inc., TE Connectivity, and TT Electronics. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the encoder market.
Companies Mentioned
- Alps Alpine Co. Ltd.
- Bourns, Inc.
- Broadcom Inc.
- Cui Devices
- Dynapar
- Elco Holding
- Fraba B.V.
- Grayhill Inc.
- Heidenhain
- Omron Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Sensata Technologies, Inc.
- Tt Electronics
- Te Connectivity
- Fenac / Fenac Technology / Fenac Engineering
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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