Encoders Market Size, Share & Analysis Report, 2021-2027
The global Encoders market gathered revenue around USD 2.0 Billion in 2020 and market is set to grow USD 4.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10.09% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 4.2 Billion by 2027 |
| Growth Rate | CAGR of 10.09% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Encoder Type, Signal Type, Technology, Application and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Delta Electronics, Inc.,Dahua Technology CO., Ltd,Omron Corporation,ELCO Holding,FRABA B.V.,FSI Technologies Inc.,Renishaw Plc.,Rockwell Automation, Inc.,Scancon Encoders A/S,Servotechnik GmbH. |
Growth Factors:
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.
Advanced encoder technologies are encouraging automotive OEMs to adopt encoder devices; thus, the automobile industry has a huge impact on the global encoder market. Various developing countries in APAC and South America, such as India, China, and Brazil, play a crucial role in the growth of the automotive industry. From the past few years, warehouse automation systems have progressed radically owing to developments in software and communication and control technology.
Automotive guided vehicles (AGV) have aided greatly from such advances and have been applied to a broadening range of applications. The primary sensors used in AGV motion and directional control are incremental rotary encoders. The incremental encoders are broadly used in material handling equipment as they are built to offer precise, real-time data of AGV motor. Further, Lika Electronic offers various types of precision, compact, and modular encoder products for AGVs to ensure safe and reliable operation. Thus, the encoders market is anticipated to grow further globally.
Robotics has been used in various major industries, such as aerospace and automotive, as these industries require highly accurate machine operations on large components. Robots have the ability to reach any position on a large component, such as aircraft's fuselage, and can achieve tasks, which includes drilling and milling. Nevertheless, accuracy might reduce by several factors for such applications, and the tool center point must be positioned and guided with sufficient accuracy; this is one of the drawbacks of a robot.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Encoders market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Encoders market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Encoders market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Encoders Market include:
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Encoder Type:
By Signal Type:
By Technology:
By Application:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Encoders market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Encoders market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Encoders markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Encoders market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Encoders Market, Encoder Type
7.1. Encoders Market, Encoder Type, 2021-2027
7.1.1. Rotary
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Linear
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Encoders Market, Signal Type
8.1. Encoders Market, Signal Type, 2021-2027
8.1.1. Incremental
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Absolute
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Encoders Market, By Technology
9.1. Encoders Market, By Technology, 2021-2027
9.1.1. Magnetic
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Optical
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Inductive
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Encoders Market, By Application
10.1. Encoders Market, By Application, 2021-2027
10.1.1. Industrial
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Healthcare
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Consumer Electronics
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Automotive
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Power
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Food & Beverages
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Aerospace
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Printing
10.1.8.1. Market Revenue and Forecast (2016-2027)
10.1.9. Textiles
10.1.9.1. Market Revenue and Forecast (2016-2027)
10.1.10. Others
10.1.10.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Encoders Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.1.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.1.3. Market Revenue and Forecast, By Technology (2016-2027)
11.1.4. Market Revenue and Forecast, By Application (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.1.5.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.1.5.3. Market Revenue and Forecast, By Technology (2016-2027)
11.1.5.4. Market Revenue and Forecast, By Application (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.1.6.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.1.6.3. Market Revenue and Forecast, By Technology (2016-2027)
11.1.6.4. Market Revenue and Forecast, By Application (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.2.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.2.3. Market Revenue and Forecast, By Technology (2016-2027)
11.2.4. Market Revenue and Forecast, By Application (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.2.5.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.2.5.3. Market Revenue and Forecast, By Technology (2016-2027)
11.2.5.4. Market Revenue and Forecast, By Application (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, Encoder Type(2016-2027)
11.2.6.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.2.6.3. Market Revenue and Forecast, By Technology (2016-2027)
11.2.6.4. Market Revenue and Forecast, By Application (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.2.7.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.2.7.3. Market Revenue and Forecast, By Technology (2016-2027)
11.2.7.4. Market Revenue and Forecast, By Application (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.2.8.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.2.8.3. Market Revenue and Forecast, By Technology (2016-2027)
11.2.8.4. Market Revenue and Forecast, By Application (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.3.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.3.3. Market Revenue and Forecast, By Technology (2016-2027)
11.3.4. Market Revenue and Forecast, By Application (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.3.5.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.3.5.3. Market Revenue and Forecast, By Technology (2016-2027)
11.3.5.4. Market Revenue and Forecast, By Application (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.3.6.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.3.6.3. Market Revenue and Forecast, By Technology (2016-2027)
11.3.6.4. Market Revenue and Forecast, By Application (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.3.7.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.3.7.3. Market Revenue and Forecast, By Technology (2016-2027)
11.3.7.4. Market Revenue and Forecast, By Application (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.3.8.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.3.8.3. Market Revenue and Forecast, By Technology (2016-2027)
11.3.8.4. Market Revenue and Forecast, By Application (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.4.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.4.3. Market Revenue and Forecast, By Technology (2016-2027)
11.4.4. Market Revenue and Forecast, By Application (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.4.5.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.4.5.3. Market Revenue and Forecast, By Technology (2016-2027)
11.4.5.4. Market Revenue and Forecast, By Application (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.4.6.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.4.6.3. Market Revenue and Forecast, By Technology (2016-2027)
11.4.6.4. Market Revenue and Forecast, By Application (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.4.7.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.4.7.3. Market Revenue and Forecast, By Technology (2016-2027)
11.4.7.4. Market Revenue and Forecast, By Application (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.4.8.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.4.8.3. Market Revenue and Forecast, By Technology (2016-2027)
11.4.8.4. Market Revenue and Forecast, By Application (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.5.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.5.3. Market Revenue and Forecast, By Technology (2016-2027)
11.5.4. Market Revenue and Forecast, By Application (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.5.5.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.5.5.3. Market Revenue and Forecast, By Technology (2016-2027)
11.5.5.4. Market Revenue and Forecast, By Application (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, Encoder Type (2016-2027)
11.5.6.2. Market Revenue and Forecast, Signal Type (2016-2027)
11.5.6.3. Market Revenue and Forecast, By Technology (2016-2027)
11.5.6.4. Market Revenue and Forecast, By Application (2016-2027)
Chapter 12. Company Profiles
12.1. Delta Electronics, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Dahua Technology CO., Ltd
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Renishaw Plc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. ELCO Holding
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. FRABA B.V.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. FSI Technologies Inc
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Rockwell Automation, Inc
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Scancon Encoders A/S
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Servotechnik GmbH
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers