The global market for Optical Encoders is estimated at US$2.7 Billion in 2023 and is projected to reach US$5.0 Billion by 2030, growing at a CAGR of 9.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growing deployment of automated systems in industrial applications to save on cost, time and effort is poised to create new avenues for market growth. Another prominent factor favoring the market expansion is increasing use of drones in several industries including retail, defense and aerospace. These drones are operated using laser detection and ranging (LiDAR) systems that rely on optical encoders for desirable performance. Regulatory pushes for enhanced energy efficiency in industrial operations also play a crucial role, as optical encoders contribute significantly to optimizing processes and reducing energy consumption. Furthermore, the shift towards renewable energy sources, particularly in wind turbines which require precise position sensing for optimal performance, underscores the growing significance of optical encoders in green technology applications.
The growing deployment of automated systems in industrial applications to save on cost, time and effort is poised to create new avenues for market growth. Another prominent factor favoring the market expansion is increasing use of drones in several industries including retail, defense and aerospace. These drones are operated using laser detection and ranging (LiDAR) systems that rely on optical encoders for desirable performance. Regulatory pushes for enhanced energy efficiency in industrial operations also play a crucial role, as optical encoders contribute significantly to optimizing processes and reducing energy consumption. Furthermore, the shift towards renewable energy sources, particularly in wind turbines which require precise position sensing for optimal performance, underscores the growing significance of optical encoders in green technology applications.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Absolute Encoder segment, which is expected to reach US$3.5 Billion by 2030 with a CAGR of a 9.7%. The Incremental Encoder segment is also set to grow at 8.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $612.1 Million in 2023, and China, forecasted to grow at an impressive 11.4% CAGR to reach $982.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Optical Encoders Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Optical Encoders Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Optical Encoders Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bourns, Inc., Hans Turck GmbH & Co. KG, CTS Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 70 Featured):
- Bourns, Inc.
- Hans Turck GmbH & Co. KG
- CTS Corporation
- Allied Motion Technologies, Inc.
- Baumer Electric AG
- FSI Technologies, Inc.
- Exxelia Group
- Grayhill, Inc.
- Anaheim Automation, Inc.
- Dr. Fritz Faulhaber GmbH & Co. KG
- FRABA BV (POSITAL)
- Dynapar Corporation
- Celera Motion
- Encoder Products Co., Inc.
- Eltra S.p.a.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Bourns, Inc.
- Hans Turck GmbH & Co. KG
- CTS Corporation
- Allied Motion Technologies, Inc.
- Baumer Electric AG
- FSI Technologies, Inc.
- Exxelia Group
- Grayhill, Inc.
- Anaheim Automation, Inc.
- Dr. Fritz Faulhaber GmbH & Co. KG
- FRABA BV (POSITAL)
- Dynapar Corporation
- Celera Motion
- Encoder Products Co., Inc.
- Eltra S.p.a.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 315 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 2.7 Billion |
Forecasted Market Value ( USD | $ 5 Billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |