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The optical encoder market is forecasted to grow by USD 1.56 billion during 2023-2028, accelerating at a CAGR of 14.76% during the forecast period. The report on the optical encoder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for smt equipment, growing demand for material handling systems, and increasing demand from automotive industries.
The optical encoder market is segmented as below:
By Type
- Absolute encoder
- Incremental encoder
By End-user
- Machine tools manufacturers
- Assembly equipment manufacturers
- Consumer electronics and semiconductor equipment manufacturers
- Healthcare equipment manufacturers
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the optical encoder market covers the following areas:
- Optical encoder market sizing
- Optical encoder market forecast
- Optical encoder market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global optical encoder market: Allied Motion Technologies Inc., Baumer Holding AG, Bourns Inc., Broadcom Inc., CODECHAMP SA, HEIDENHAIN, Fortive Corp., FRABA BV, Grayhill Inc., Gurley Precision Instruments Inc., HONEST SENSOR CORP., Honeywell International Inc., ifm electronic gmbh, Kempston Controls, MEGATRON Elektronik GmbH and Co. KG, Novanta Inc., OMRON Corp., Renishaw Plc, Rockwell Automation Inc., Sensata Technologies Inc., US Digital Corp., and Encoder Products Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing interest in using drones across numerous applications."
According to the report, one of the major drivers for this market is the growing demand for smt equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allied Motion Technologies Inc.
- Baumer Holding AG
- Bourns Inc.
- Broadcom Inc.
- CODECHAMP SA
- HEIDENHAIN
- Fortive Corp.
- FRABA BV
- Grayhill Inc.
- Gurley Precision Instruments Inc.
- HONEST SENSOR CORP.
- Honeywell International Inc.
- ifm electronic gmbh
- Kempston Controls
- MEGATRON Elektronik GmbH and Co. KG
- Novanta Inc.
- OMRON Corp.
- Renishaw Plc
- Rockwell Automation Inc.
- Sensata Technologies Inc.
- US Digital Corp.
- Encoder Products Co.
