Global Encoder Market: Overview 

Encoders are used as a digital signal to translate rotary or linear movements. Almost every electronic device that communicates uses encoders that generate high demand worldwide. This usually is intended for tracking or controlling motion parameters such as direction, rate, position, direction, or distance. Two different types of encoders are available: rotative and linear. A linear encoder responds to a path movement, while a rotary encoder responds to movement. The optimum model selection and configuration is critical to success when implementing encoders. 

Encoders help industry to find the exact location of any object and the angle of placement for certain pieces of equipment to get the desired results. The encoders provide accuracy in workflow, speed in operation and proper process control. It also supports the performance of high feeding tasks in manufacturing industries and the manufacture of machine tools that meet the demand for high productivity. 

This report offer an exhaustive analysis of the global encoder market, focusing on market trends and limitations, along with the leading factors driving the market. 

Global Encoder Market: Notable Developments  

Prominent developments that could impact the global encoder market are:  

  • High Adoption in Advanced Automotive Systems

 The growing number of cars and the increase in the production of car parts are key factors that drive the encoder market growth. Automakers incorporate Bluetooth and other cellular technology into their vehicles to meet the increasing demand for consumers to remain connected while on the go. Since the automotive sector uses several encoders to produce digital position and motion information for shaft rotations, growth in the automotive industry has a direct effect on demand for encoders. 

  • Automated Vehicles

 The automation of vehicles is developing rapidly every day to improve the experience for customers. New-age cars are equipped with such technologies as speech recognition, IC integrated LED lighting and compatibility between video and image. In automotive automation, encoders play an important role and are increasingly used in car manufacturing by automakers. This is likely to boost revenues in the global encoder market. 

Leading players in the global encoder market are Panasonic Corporation, Rockwell Automation, FAULHABER Drive Systems, Dynapar Corp, and Omron Corporation. 

Global Encoder Market Dynamics

 Governments are strongly involved in production activities and take proactive steps to reduce regulatory compliance complexities. The main objective of this step is to improve the efficiency of manufacturers. The rise of the intelligent city concept across important regional pockets further contributes to the progress of the linked infrastructure, the growth of the market for semiconductors and auxiliary components. As a result of this rapid growth in the global manufacturing sector, demand for encoders is growing. 

Technological developments are being witnessed in the in the textiles and press industry and in the coming years the usage of encoders is expected to rise in this sector. In the global market for encoders, the textile and printers industry should be the most lucrative vertical sector.

 At the same time, the Electronics application will provide the encoder market vendors in the near future with potential revenue opportunities. Advanced innovations and technology developments are taking place in the electronic industry. The electronics sub-segment supports the growth of the global encoder market because of these factors.                         

Asia Pacific Shows Promising Growth Supported by India and China

 The global encoder market is expected to be led by North America, owing to progress in U.S. and Canada's new technologies. The provision of enhanced production capacity is expected to boost the North American encoder market. Furthermore, the manufacture and extensive use of new technology encoders in the region will also boost market growth in the next few years.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.