Encoder Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

The Global Encoder is anticipated to grow at a steady pace in the forecast period, 2024-2028 due to an increase in the use of advanced automation equipment in sectors like the automobile and electronics industries. An encoder is a piece of hardware that can translate data into a code and then translate the code back to the original data. In computing, an encoder transforms a series of types or an analogue signal into a format that can be effectively stored and utilised by a driver. The four different types of encoders are mechanical, optical, magnetic, and electromagnetic induction encoders. Four different types of information are needed to accurately spin the motor: rotation quantity, rotation speed, rotation direction, and rotation position.

A mechanical motion sensor called an encoder analyses data, transforms it into a code, and can reverse the code back to its original form. An encoder may give users of motion control systems information about location, velocity, and direction because it is an electro-mechanical device. Additionally, the capacity of encoders to deliver real-time data is helping the industries improve operating speed, bring precision to workflow, and simplify process control. As a result, through 2027, the high productivity solutions provided by encoders will drive the market's expansion. In many applications such as automotive, consumer electronics, industrial, and others, employ linear and rotary encoders sensing technologies.

Surface Mount Technology (SMT) procedures in encoder devices, optical technology-based encoders, and the burgeoning Internet of Things (IoT) technology are just a few examples of the new technologies being continuously developed and implemented.

Encoders are being used more often for machine monitoring and control.

The market for encoders is expanding because of the solutions that encoders offer for motion control in different industrial automation systems applications. For factory automation, encoders offer a variety of qualities including speed, durability, and dependability. During the projection period, the encoder market will be driven by these characteristics.

For many industrial applications, there is a growing need for better automated controls that may boost production, cut costs, and enhance performance. Encoder demand is, hence driving automotive applications. The market for encoders is expanding due to the solutions that encoders offer for motion control in different industrial automation systems applications., being opportune for the growth of the Encoder market.

Automotive Industry Renewal Fueling Growth

The automotive industry is anticipated to have a sizable part of the worldwide market due to the quick adoption of IoT, which employs encoders for several purposes.

The position or angular motion of the encoder blade is translated into digital code with the aid of an encoder. Robotics, industrial controls, temperature control systems, computer input devices, and numerous user interfaces are few applications that rotary encoders are primarily employed in.

Strong Robotics Industry Supporting Encoder Industry Growth

For a variety of purposes, including redundancy, lift control, steering assembly, and drive motors, encoders are widely employed to assure the precision of automated machines like Automated Guided Vehicles (AGV) or Autonomous Mobile Robots (AMR).

Market Segmentation

Global Encoder is segmented by Technology, Type, and end user industry. Based on Technology, the market is segmented into Optical, Magnetic, and Others. Based on Type, the market is segmented into Rotary Encoder and Linear Encoder. By End User Industry, the market is divided into Industrial, Textiles, Automotive, Packaging, Food & Beverages, and End-user Industries.

Market Players

Major market players in the global Encoder are Baumer Holding AG, Sensata Technologies, Inc., Rockwell Automation Inc, Dynapar Corporation, Omron Automation, Dr. Fritz Faulhaber GmbH & Co. KG, Posital-Fraba Inc, Heidenhain GmbH, ELCO INDUSTRIE AUTOMATION GMBH, Maxon Motor Ag.

Report Scope

In this report, the Global Encoder has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Encoder, By Technology:

• Optical
• Magnetic
• Others

Encoder, By Type:

• Rotary Encoder
• Linear Encoder

Encoder, By End User Industry:

• Industrial
• Textiles
• Automotive
• Packaging
• Food & Beverages
• Other End-user Industries

Encoder, By Region:

• North America
• Asia-Pacific
• Europe
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Encoder.

Available Customizations

The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.