Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power, Healthcare), Signal Type, and Geography (2021-2026)
Encoder Market
Encoder Market And Top Companies
DYNAPAR
Dynapar Corporation is a subsidiary of Fortive—an electrical and electronics manufacturing group. The parent company offers its products through three business segments, namely, Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions, wherein Dynapar Corporation is a part of the precision technologies business segment. Dynapar offers a wide range of products and solutions, such as rotary encoders, resolvers, encoder accessories, condition monitoring, and condition monitoring applications. It offers various encoders through brands such as Dynapar, NorthStar, Harowe, and Hengstler. The company is associated with some of the Brand Standard Associations—ANSI, ASME, CSA Group, ISO, and others; Brand Communication Protocols—BiSS Interface, DeviceNet, Inetrbus, and Profibus; and Band Recognized Distributor Partners—AHTD, Fortive, DDC, Marathon, and Technosoft.
SENSATA TECHNOLOGIES
Sensata Technologies is a global industrial technology company and a pioneer in mission-critical sensors and controls. The company has a diverse product portfolio and has been catering to a wide range of verticals, such as aerospace & defense, energy, industrial, material handling, medical, motors, and professional food equipment. In 2018, Sensata manufactured and provided more than 47,000 products to its customers. The company operates through two major business segments—Performance Sensing and Sensing Solutions, wherein the encoders are part of the Sensing Solutions segment. The position sensors and encoders are marketed through brands such as Kavlico, BEI Sensors, and Newall. The rotary and linear encoders prove to have high quality, durability, accuracy, repeatability, reliability in tough environments, and competitive pricing. The company has a large presence across the globe, with business centers and manufacturing and sales sites located in 13 countries.
HEIDENHAIN
HEIDENHAIN is a pioneer in measurement control and drive system technologies. Major offerings of the company include linear encoders, angle encoders, rotary encoders, CNC controls, and digital readouts. These products are mainly used in high-precision machine tools as well as electric component manufacturing and distribution plants. Further, the company’s expertise in encoders has enabled it to automate production machines and systems and attain a prime position in the market. HEIDENHAIN provides its diverse product portfolio under the brands AMO, ETEL, IMT, LTN, NUMERIK JENA, RENCO, and RSF to most of the industries and applications, such as machine tools, automation, semiconductors, electronics, metrology, robotics, drive systems, medical technology, elevators, printing machines, structural health monitoring, and telescopes. The company has its sales agencies, service agencies, subsidiaries, as well as a distribution network. It has a cumulative of 30 subsidiaries and 40 distributors located across the globe. Additionally, its high emphasis on research and development has aided the company to focus mainly on innovation and development of advanced technologies.
Encoder Market and Top Applications
Consumer Electronics
Consumer electronics is one of the fastest-growing markets for encoders. In this industry, encoders are widely used in office equipment such as PC-based scanning equipment, printers, copiers, answering machines, and scanners. For instance, many industrial inkjet printing systems are equipped with a rotary encoder to track the motion of the object to be printed. This enables the print head to apply the image to a precisely controlled location on the object. Furthermore, an evident surge has been noticed in the use of encoders in APAC and North America for consumer electronics applications owing to the rapid adoption of new technologies and the presence of many consumer electronics giants, such as Apple (US), Samsung Electronics (South Korea), Huawei (China), Sony Corporation (Japan), HP Inc. (US)
Healthcare
Healthcare applications require high precision, where encoders play a vital role by accurate positioning. Applications such as robotic surgery, oncological radiation treatment, and laboratory analysis are all benefiting due to the advancements in encoder technology. Surgery robots that are surgeon-assist-based are being more widely accepted in the healthcare sector. Some surgery robots are required to have redundancy for motion control components, while others can drill and measure distances at the same time, making accuracy especially important. Besides, some of the other applications of encoders in the healthcare sector are ophthalmic laser treatment, dialysis, artificial respiration, physical therapy, and orthopedic rehab. Encoders play a vital role in laboratory analysis due to the presence of multiple machines that perform critical tasks where precise and accurate measurements of the position, speed, and motion are important.
Encoder Market By Top Encoder Type
Rotary Encoder
The increasing demand for automated industrial machines and robotics is driving the growth of the rotary encoders market. Rotary encoders are electromechanical devices used to measure the number of rotations, rotational angle, and rotational position of equipment. They are used for position sensing across various applications, for example, on motors paired with drives and automated machinery in consumer electronics, elevators, conveyor speed monitors, industrial machines, and robotics. They track the turning of motor shafts to generate a digital position and motion information. Whether incremental or absolute, magnetic, or optical, rotary encoders track motor shaft rotation to generate a digital position and motion information. Rotary encoders are used in a wide range of applications that require monitoring or control, or both, of mechanical systems, including industrial controls, robotics, photographic lenses, computer input devices, and rotating radar platforms.
[192 Pages Report] The global encoder market size is expected to grow from USD 2.3 billion in 2021 to USD 3.7 billion by 2026, at a CAGR of 10.0%. The growth of the market is attributed to 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. On the flip side, the increasing demand for artificial intelligence-based systems is expected to create opportunities for the adoption of encoders in the coming years. Moreover, mechanical failures in harsh environments act as a challenge for the encoder market.
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Impact of COVID-19 on the encoder market
COVID-19 has severely impacted the global economy and all the industries throughout the globe. The imposition of lockdowns and the temporary shutdown of domestic and international travel has resulted in disruptions in the supply chain across the globe. The economies across the world have declined as there is a major decline in the demand for products. The production across industries has been limited due to the pandemic resulting in the shortage of raw material. It has forced many businesses to shut down their manufacturing plants. The decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in production. The encoder market is thus getting affected by COVID-19. This has resulted in a lower estimated year-on-year growth rate for 2020 as compared with 2019.
Market Dynamics
DRIVERS: Need for high-end automation across industries
The need for automation by manufacturers across industries has been the key demand driver for encoders since they are used in automation to provide precise speed and direction to ensure that whatever the motor is driving runs safely and smoothly. Accurate motor speed tracking ensures optimum machine performance and operation and is designed to prevent motor burnout or machine shutdown. Thus, in automation, encoders help improve the overall equipment effectiveness (OEE) by monitoring the energy and working conditions of machines. 24/7 connectivity to production lines is also an important requirement across the food & beverage, pharmaceutical, automotive, and chemical industries. With mid-sized and large manufacturing plants implementing automation solutions, encoders are being adopted on a large scale for better utilization of assets, controlling the quality of end products, and minimization of errors.
RESTRAINT: Variations in international regulations
The functional safety of an encoder requires SIL (safety integrity level) certification. However, the choice of the certification varies from region to region, depending on the rules and regulations followed in a particular region. The rules and standards that impact the development of encoders are also constantly evolving. Engineers designing encoders need to stay up to date with these changes, which are often complicated by location and governments. Depending on the application, encoders often need to be certified for hazardous area use, or, in situations where an explosion is not a risk, they need to be specified and tested for operation. European functional safety standards are most widely accepted except in countries such as China, the US, Canada, and Russia, which have their standards for encoders. Such variations in regulations are expected to act as a restraint for the industry players as they cannot offer the same product in different regions, which affects their overall capacity.
OPPORTUNITIES: Increasing demand for artificial intelligence-based systems
Artificial intelligence is used to create machines that perform tasks more efficiently than humans, allowing them to work in stressful environments 24 hours a day. As machines become increasingly capable, enterprises are using artificial intelligence in mobile robotics, unmanned aerial drones, virtual assistants, digital twin, speech and image recognition, machine learning, etc. Further, encoders are used to control and commutate the rotor’s displacement at any time by consuming less energy. As mobility is driving the need for battery-powered operations, energy-efficient encoders will gain importance in future mobile robotics. Thus, the usage of rotary encoders is enhancing mobile robotics with the use of capacitive technology. Moreover, they can also help makers of many different applications meet new efficiency regulations, thus making their application easy in mobile robotics
CHALLENGES : Mechanical failures in harsh environments
Encoders are commonly used in harsh or challenging environments, such as food/beverage processing, heavy equipment industry, specialty vehicle manufacturing, and others. Variations in ambient temperature can also accelerate encoder failure rates. The standard operating temperature range of encoders is from –30°C to +100°C. To overcome this challenge, some manufacturers have now started EMC (electromagnetic compatibility) testing where encoders go through vibration, continuous shock, dust protection, and water jet testing to ensure that corrosive failures that occur in standard encoders will not occur when they are operated in the harsh environments.
“Consumer electronics application to grow at the fastest rate during the forecast period”
Consumer electronics is one of the fastest-growing markets for encoders. In this industry, encoders are widely used in office equipment such as PC-based scanning equipment, printers, copiers, answering machines, and scanners. For instance, many industrial inkjet printing systems are equipped with a rotary encoder to track the motion of the object to be printed. This enables the print head to apply the image to a precisely controlled location on the object. Furthermore, an evident surge has been noticed in the use of encoders in APAC and North America for consumer electronics applications owing to the rapid adoption of new technologies and the presence of many consumer electronics giants
“Rotary encoders to grow at highest CAGR during the forecast period”
The increasing demand for automated industrial machines and robotics is driving the growth of the rotary encoders market. Rotary encoders are used in a wide range of applications that require monitoring or control, or both, of mechanical systems, including industrial controls, robotics, photographic lenses, computer input devices, and rotating radar platforms.
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“Encoder market in APAC to grow at the highest CAGR”
The growth of the encoder market in APAC can be attributed to the increasing number of manufacturing and engineering hubs related to various industries The concept of autonomous, electric, and connected cars has fueled the growth of the automotive industry in APAC, especially in China. The increasing demand for energy-efficient production processes, coupled with the need for feedback systems, is expected to create opportunities for the encoder market in APAC. However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and slowdown in production activities which have highly impacted the growth of the market, eventually impacting the economy
Key Market Players
Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), Renishaw plc (UK), ifm electronics (Germany), POSITAL FRABA (Netherlands), and others, are a few major players in encoder market.
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|
Report Metric |
Details |
|
Market Size Available for Years |
2017–2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021–2026 |
|
Units |
Value (USD Billion/Million) |
|
Segments Covered |
Encoder Type, Signal Type, Technology, and Application |
|
Geographic Regions Covered |
North America, APAC, Europe, and RoW |
|
Companies Covered |
Major Players: Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), Renishaw plc (UK), ifm electronics (Germany), POSITAL FRABA (Netherlands) and Others- total 25 players have been covered |
This research report categorizes the encoder market by frequency type, type, industry, and region.
By Encoder Type:
- Rotary
- Linear
By Signal Type:
- Incremental
- Absolute
By Technology:
- Magnetic
- Optical
- Inductive
- Others
By Application:
- Industrial
- Healthcare
- Consumer Electronics
- Automotive
- Power
- Food & Beverages
- Aerospace
- Printing
- Textiles
- Others
By Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Recent Developments
- In April 2021, Baumer launched the EAM300—the smallest CANopen interface rotary encoder from the MARGES EAM series. Its compact nature allows more space in machine designs, and some variants offer design freedom. It is mainly designed for medical technology and mobile automation.
- In April 2021, HEIDENHAIN has launched the absolute modular magnetic angle encoder, ECM 2400. It is a sturdy encoder providing medium accuracy. It is suitable for applications with limited space, angular accelerations, and high rotational speeds.
- In January 2021, Renishaw plc launched the FORTiS enclosed linear absolute encoder series. The series is based on the RESOLUTE encoder technology and can be used in harsh environments. Further, due to an advanced non-contact mechanical design that does not require a mechanical guidance carriage, it provides superior repeatability, reduced hysteresis, and improved measurement performance.
Key Questions Addressed by the Report:
- Which encoder would have the highest demand in the future?
- What are the opportunities and challenges pertaining to the encoder market?
- What are the key industry trends in the encoder market?
- What would be the impact of encoder companies and application?
- What role emerging technologies such as inductive and optical in encoders?
Frequently Asked Questions (FAQ):
What is the total CAGR expected to be recorded for the encoder market during 2021-2026?
The global encoder market is expected to record a CAGR of 10.0% from 2021–2026.
Does this report include the impact of COVID-19 on the encoder market?
Yes, the report includes the impact of COVID-19 on the encoder market. It illustrates the post- COVID-19 market scenario.
What are the driving factors for the encoder market?
need for high-end automation across industries, growth in adoption of Industry 4.0, and the inclination toward advanced technologies amid COVID-19 pandemic.
Which are the significant players operating in the encoder market?
Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), Renishaw plc (UK), ifm electronics (Germany), POSITAL FRABA (Netherlands), are some of the major companies operating in the encoder market.
Which region will lead the encoder market in the future?
APAC is expected to lead the encoder market during the forecast period. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 ENCODER MARKET, BY GEOGRAPHY
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 1 ENCODER MARKET: RESEARCH DESIGN
2.2 SECONDARY & PRIMARY RESEARCH
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Primary interviews with experts
2.2.2.2 Key data from primary sources
2.2.2.3 Key industry insights
2.2.2.4 Breakdown of primaries
2.3 MARKET SIZE ESTIMATION
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF ENCODER MARKET SIZE
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
FIGURE 3 ENCODER MARKET: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Approach for capturing market share by top-down analysis (supply side)
FIGURE 4 ENCODER MARKET: TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RISK ASSESSMENT
TABLE 1 LIMITATIONS & ASSOCIATED RESULTS
3 EXECUTIVE SUMMARY (Page No. - 41)
FIGURE 6 COVID-19 IMPACT ANALYSIS ON ENCODER MARKET
3.1 REALISTIC SCENARIO
3.2 PESSIMISTIC SCENARIO
3.3 OPTIMISTIC SCENARIO
FIGURE 7 INDUSTRIAL APPLICATION TO ACCOUNT FOR LARGEST SHARE OF ENCODER MARKET DURING FORECAST PERIOD
FIGURE 8 ROTARY ENCODER SEGMENT TO HOLD LARGER SHARE OF ENCODER MARKET DURING FORECAST PERIOD
FIGURE 9 MAGNETIC TECHNOLOGY TO HOLD LARGER SHARE OF ENCODER MARKET DURING FORECAST PERIOD
FIGURE 10 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR ENCODER MARKET
FIGURE 11 APAC TO CREATE HIGH GROWTH OPPORTUNITIES FOR ENCODER MARKET
4.2 ENCODER MARKET, BY ENCODER TYPE
FIGURE 12 MARKET FOR ROTARY ENCODER TO REGISTER HIGHER CAGR BETWEEN 2021 AND 2026
4.3 ENCODER MARKET, BY TECHNOLOGY
FIGURE 13 MAGNETIC TECHNOLOGY TO HOLD LARGEST SHARE OF ENCODER MARKET IN 2026
4.4 ENCODER MARKET, BY APPLICATION
FIGURE 14 INDUSTRIAL APPLICATION SEGMENT TO HOLD MAJOR SHARE OF ENCODER MARKET DURING FORECAST PERIOD
4.5 ENCODER MARKET, BY GEOGRAPHY
FIGURE 15 APAC TO HOLD LARGEST SHARE OF ENCODER MARKET IN 2026
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 ENCODER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Need for high-end automation across industries
5.2.1.2 Growth in adoption of Industry 4.0
5.2.1.3 Inclination toward advanced technologies amid COVID-19 pandemic
FIGURE 17 DRIVERS OF ENCODER MARKET AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 Problems related to accuracy
5.2.2.2 Variations in international regulations
FIGURE 18 RESTRAINTS OF ENCODER MARKET AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for artificial intelligence-based systems
5.2.3.2 Upcoming technologies in automotive industry
FIGURE 19 OPPORTUNITIES FOR ENCODER MARKET AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 Mechanical failures in harsh environments
5.2.4.2 Disruption in supply chain due to COVID-19 situation
5.2.4.3 Decline in growth of aerospace industry attributed to COVID-19
FIGURE 20 CHALLENGES FOR ENCODER MARKET AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 VALUE CHAN ANALYSIS: ENCODER MARKET
6 ENCODER MARKET, BY ENCODER TYPE (Page No. - 57)
6.1 INTRODUCTION
FIGURE 22 ENCODER MARKET, BY ENCODER TYPE
FIGURE 23 ROTARY ENCODER SEGMENT TO HOLD LARGER SHARE OF ENCODER MARKET IN 2026
TABLE 2 ENCODER MARKET, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 3 ENCODER MARKET, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 4 ENCODER MARKET, BY ENCODER TYPE, 2017–2020 (MILLION UNITS)
TABLE 5 ENCODER MARKET, BY ENCODER TYPE, 2021–2026 (MILLION UNITS)
6.2 ROTARY ENCODER
6.2.1 ROTARY ENCODERS ARE USED FOR DETERMINING ANGULAR POSITION OF ROTATING SHAFT
TABLE 6 ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2017–2020 (USD MILLION)
TABLE 7 ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2021–2026 (USD MILLION)
TABLE 8 ROTARY INCREMENTAL ENCODER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 9 ROTARY INCREMENTAL ENCODER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 10 ROTARY ABSOLUTE ENCODER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 11 ROTARY ABSOLUTE ENCODER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 12 ROTARY ENCODER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 13 ROTARY ENCODER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 14 ROTARY ENCODER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 15 ROTARY ENCODER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 16 ROTARY ENCODER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 17 ROTARY ENCODER MARKET, BY REGION, 2021–2026 (USD MILLION)
6.3 LINEAR ENCODER
6.3.1 LINEAR ENCODERS ARE USED TO CARRY OUT POSITION MEASUREMENT AND SEND FEEDBACK TO CONTROL SYSTEM
TABLE 18 LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2017–2020 (USD MILLION)
TABLE 19 LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2021–2026 (USD MILLION)
TABLE 20 LINEAR ENCODER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 21 LINEAR INCREMENTAL ENCODER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 22 LINEAR INCREMENTAL ENCODER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 23 LINEAR ABSOLUTE ENCODER MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 24 LINEAR ABSOLUTE ENCODER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 25 LINEAR ENCODER MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 26 LINEAR ENCODER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 27 LINEAR ENCODER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 28 LINEAR ENCODER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 29 LINEAR ENCODER MARKET, BY REGION, 2021–2026 (USD MILLION)
7 ENCODER MARKET, BY SIGNAL TYPE (Page No. - 69)
7.1 INTRODUCTION
FIGURE 24 ENCODER MARKET, BY SIGNAL TYPE
FIGURE 25 INCREMENTAL ENCODER SEGMENT TO HOLD LARGER SHARE OF ENCODER MARKET IN 2026
TABLE 30 ENCODER MARKET, BY SIGNAL TYPE, 2017–2020 (USD MILLION)
TABLE 31 ENCODER MARKET, BY SIGNAL TYPE, 2021–2026 (USD MILLION)
7.2 INCREMENTAL ENCODER
7.2.1 INCREMENTAL ENCODER SEGMENT TO HOLD LARGEST MARKET SHARE
TABLE 32 INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 33 INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2021–2026 (USD MILLION)
7.3 ABSOLUTE ENCODER
7.3.1 ABSOLUTE ENCODER SEGMENT TO EXHIBIT HIGHER GROWTH DURING FORECAST PERIOD
TABLE 34 ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 35 ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2021–2026 (USD MILLION)
8 ENCODER MARKET, BY TECHNOLOGY TYPE (Page No. - 74)
8.1 INTRODUCTION
FIGURE 26 ENCODER MARKET, BY TECHNOLOGY TYPE
FIGURE 27 MAGNETIC TECHNOLOGY SEGMENT TO HOLD LARGEST SHARE OF ENCODER MARKET IN 2026
TABLE 36 ENCODER MARKET, BY TECHNOLOGY TYPE, 2017–2020 (USD MILLION)
TABLE 37 ENCODER MARKET, BY TECHNOLOGY TYPE, 2021–2026 (USD MILLION)
8.2 MAGNETIC ENCODER
8.2.1 MAGNETIC TECHNOLOGY TO HOLD LARGEST MARKET SHARE
TABLE 38 MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 39 MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 40 MAGNETIC TECHNOLOGY, BY ROTARY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 41 MAGNETIC TECHNOLOGY, BY ROTARY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 42 MAGNETIC TECHNOLOGY, BY LINEAR ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 43 MAGNETIC TECHNOLOGY, BY LINEAR ENCODER TYPE, 2021–2026 (USD MILLION)
8.3 OPTICAL ENCODER
8.3.1 ABILITY TO MONITOR AND CONTROL MECHANICAL SYSTEMS TO DRIVE GROWTH OF MARKET
TABLE 44 OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 45 OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 46 OPTICAL TECHNOLOGY, BY ROTARY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 47 OPTICAL TECHNOLOGY, BY ROTARY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 48 OPTICAL TECHNOLOGY, BY LINEAR ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 49 OPTICAL TECHNOLOGY, BY LINEAR ENCODER TYPE, 2021–2026 (USD MILLION)
8.4 INDUCTIVE ENCODER
8.4.1 INDUCTIVE ENCODER SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 50 INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 51 INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 52 INDUCTIVE TECHNOLOGY, BY ROTARY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 53 INDUCTIVE TECHNOLOGY, BY ROTARY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 54 INDUCTIVE TECHNOLOGY, BY LINEAR ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 55 INDUCTIVE TECHNOLOGY, BY LINEAR ENCODER TYPE, 2021–2026 (USD MILLION)
8.5 OTHERS
TABLE 56 OTHER TECHNOLOGY, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 57 OTHER TECHNOLOGY, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 58 OTHER TECHNOLOGY, BY ROTARY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 59 OTHER TECHNOLOGY, BY ROTARY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 60 OTHER TECHNOLOGY, BY LINEAR ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 61 OTHER TECHNOLOGY, BY LINEAR ENCODER TYPE, 2021–2026 (USD MILLION)
9 ENCODER MARKET, BY APPLICATION (Page No. - 84)
9.1 INTRODUCTION
FIGURE 28 ENCODER MARKET, BY APPLICATION
FIGURE 29 INDUSTRIAL SEGMENT TO HOLD LARGEST SIZE OF ENCODER MARKET IN 2026
TABLE 62 ENCODER MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 63 ENCODER MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
9.2 INDUSTRIAL
9.2.1 INDUSTRIAL APPLICATION SEGMENT TO HOLD LARGEST SHARE OF ENCODER MARKET
TABLE 64 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 65 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 66 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 67 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.3 HEALTHCARE
9.3.1 HEALTHCARE APPLICATION SEGMENT TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
TABLE 68 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 69 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 70 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 71 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.4 CONSUMER ELECTRONICS
9.4.1 TECHNOLOGICAL INNOVATIONS TO DRIVE GROWTH OF CONSUMER ELECTRONICS APPLICATION SEGMENT
TABLE 72 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 73 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 74 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 75 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.5 AUTOMOTIVE
9.5.1 INCREASING INTEGRATION OF ADVANCED TECHNOLOGIES INTO AUTOMOBILES HAVE DRIVEN DEMAND FOR ENCODERS IN AUTOMOTIVE APPLICATION
TABLE 76 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 77 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 78 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 79 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.6 POWER
9.6.1 INCREASING COMPLEXITY IN POWER APPLICATIONS TO BOOST GROWTH OF ENCODER MARKET
TABLE 80 ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 81 ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 82 ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 83 ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.7 FOOD AND BEVERAGES
9.7.1 INTEGRATION OF IO-LINK TECHNOLOGY INTO ENCODERS TO BOOST GROWTH OF FOOD AND BEVERAGES APPLICATION SEGMENT DURING FORECAST PERIOD
TABLE 84 ENCODER MARKET FOR FOOD AND BEVERAGES APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 85 ENCODER MARKET FOR FOOD AND BEVERAGES APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 86 ENCODER MARKET FOR FOOD AND BEVERAGES APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 87 ENCODER MARKET FOR FOOD AND BEVERAGES APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.8 AEROSPACE
9.8.1 PRECISION CONTROL TECHNOLOGY TO PLAY VITAL ROLE IN GROWTH OF AEROSPACE SEGMENT
TABLE 88 ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 89 ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 90 ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 91 ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.9 PRINTING
9.9.1 NORTH AMERICA TO BE KEY ENCODER MARKET FOR PRINTING APPLICATION
TABLE 92 ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 93 ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 94 ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 95 ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.10 TEXTILES
9.10.1 INCREASING APPLICATIONS OF ENCODERS IN WEAVING, KNITTING, PRINTING, AND EXTRUDING PROCESSES TO DRIVE MARKET GROWTH
TABLE 96 ENCODER MARKET FOR TEXTILES APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 97 ENCODER MARKET FOR TEXTILES APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 98 ENCODER MARKET FOR TEXTILES APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 99 ENCODER MARKET FOR TEXTILES APPLICATION, BY REGION, 2021–2026 (USD MILLION)
9.11 OTHERS
TABLE 100 ENCODER MARKET FOR OTHER APPLICATION, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 101 ENCODER MARKET FOR OTHER APPLICATION, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 102 ENCODER MARKET FOR OTHER APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 103 ENCODER MARKET FOR OTHER APPLICATION, BY REGION, 2021–2026 (USD MILLION)
10 GEOGRAPHIC ANALYSIS (Page No. - 103)
10.1 INTRODUCTION
FIGURE 30 GEOGRAPHIC SNAPSHOT: APAC ENCODER MARKET TO WITNESS SIGNIFICANT GROWTH DURING REVIEW PERIOD
TABLE 104 ENCODER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 105 ENCODER MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 31 NORTH AMERICA: ENCODER MARKET SNAPSHOT
TABLE 106 ENCODER MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 107 ENCODER MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 108 ENCODER MARKET IN NORTH AMERICA, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 109 ENCODER MARKET IN NORTH AMERICA, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 110 ENCODER MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 111 ENCODER MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
10.2.1 US
10.2.1.1 Large industrial bases to drive market growth
FIGURE 32 US YEARLY MANUFACTURING OUTPUT USD BILLION (2016–2020)
10.2.2 CANADA
10.2.2.1 Growing adoption of advanced technologies to drive growth of encoder market
10.2.3 MEXICO
10.2.3.1 Expanding consumer electronics industry to drive growth of encoder market in Mexico
10.3 EUROPE
FIGURE 33 EUROPE: ENCODER MARKET SNAPSHOT
TABLE 112 ENCODER MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 113 ENCODER MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 114 ENCODER MARKET IN EUROPE, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 115 ENCODER MARKET IN EUROPE, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 116 ENCODER MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 117 ENCODER MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
10.3.1 UK
10.3.1.1 Expanding manufacturing sector in UK to drive growth of encoder market
10.3.2 GERMANY
10.3.2.1 Growing use of robotics to drive growth of German encoder market
10.3.3 FRANCE
10.3.3.1 Growing manufacturing sector to fuel growth of encoder market
10.3.4 REST OF EUROPE (ROE)
10.4 APAC
FIGURE 34 APAC: ENCODER MARKET SNAPSHOT
TABLE 118 ENCODER MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 119 ENCODER MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 120 ENCODER MARKET IN APAC, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 121 ENCODER MARKET IN APAC, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 122 ENCODER MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 123 ENCODER MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
10.4.1 CHINA
10.4.1.1 China to hold largest share of APAC market
10.4.2 JAPAN
10.4.2.1 Technological revolutions are driving growth of encoder market in Japan
10.4.3 SOUTH KOREA
10.4.3.1 Increasing investments in advanced technologies to fuel market growth
10.4.4 INDIA
10.4.4.1 Textile and automotive industries to play vital role in market growth in India
10.4.5 REST OF APAC (ROAPAC)
10.5 REST OF THE WORLD (ROW)
TABLE 124 ENCODER MARKET IN ROW, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 125 ENCODER MARKET IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 126 ENCODER MARKET IN ROW, BY ENCODER TYPE, 2017–2020 (USD MILLION)
TABLE 127 ENCODER MARKET IN ROW, BY ENCODER TYPE, 2021–2026 (USD MILLION)
TABLE 128 ENCODER MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 129 ENCODER MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
10.5.1 MIDDLE EAST AND AFRICA
10.5.1.1 Middle East and Africa to witness significant growth
10.5.2 SOUTH AMERICA
10.5.2.1 Growing mining industry to fuel market growth in South American countries
10.5.3 MIDDLE EAST
10.5.3.1 Surge in automation to propel growth of encoder market
10.5.4 AFRICA
10.5.4.1 Automotive industry to play a vital role in growth of encoder market in Africa
11 COMPETITIVE LANDSCAPE (Page No. - 125)
11.1 INTRODUCTION
FIGURE 35 KEY DEVELOPMENTS IN ENCODER MARKET (2018–2021)
11.1.1 REVENUE ANALYSIS OF TOP 5 COMPANIES
FIGURE 36 ENCODER MARKET: MARKET SHARE ANALYSIS (2020)
11.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2020
TABLE 130 MARKET SHARE OF TOP 5 PLAYERS IN ENCODER MARKET, 2020
11.3 COMPETITIVE EVALUATION QUADRANT, 2020
11.3.1 STAR
11.3.2 EMERGING LEADER
11.3.3 PERVASIVE
11.3.4 PARTICIPANT
FIGURE 37 ENCODER MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
11.4 COMPETITIVE SITUATIONS AND TRENDS
11.4.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 131 ENCODER MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2018– APRIL 2021
11.4.2 SALES CONTRACTS AND EXPANSION OF ENCODER MARKET: OTHERS, JANUARY 2018–MARCH 2021
12 COMPANY PROFILES (Page No. - 137)
12.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, Product launches and developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats)*
12.1.1 RENISHAW PLC
TABLE 132 RENISHAW PLC: BUSINESS OVERVIEW
FIGURE 38 RENISHAW PLC: COMPANY SNAPSHOT
12.1.2 HEIDENHAIN
TABLE 133 HEIDENHAIN: BUSINESS OVERVIEW
12.1.3 FRABA B.V. (POSITAL FRABA)
TABLE 134 FRABA B.V. (POSITAL FRABA): BUSINESS OVERVIEW
12.1.4 SENSATA TECHNOLOGIES
TABLE 135 SENSATA TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 39 SENSATA TECHNOLOGIES: COMPANY SNAPSHOT
12.1.5 IFM ELECTRONICS
TABLE 136 IFM ELECTRONICS: BUSINESS OVERVIEW
12.1.6 MITUTOYO CORPORATION
TABLE 137 MITUTOYO CORPORATION: BUSINESS OVERVIEW
12.1.7 PEPPERL+FUCHS SE
TABLE 138 PEPPERL+FUCHS SE: BUSINESS OVERVIEW
12.1.8 FORTIVE (DYNAPAR CORPORATION)
TABLE 139 FORTIVE (DYNAPAR CORPORATION): BUSINESS OVERVIEW
FIGURE 40 FORTIVE (DYNAPAR CORPORATION): COMPANY SNAPSHOT
12.1.9 MAXON MOTOR AG
TABLE 140 MAXON MOTOR AG: BUSINESS OVERVIEW
12.1.10 BALLUFF INC.
TABLE 141 BALLUFF INC.: BUSINESS OVERVIEW
12.1.11 PILZ GMBH & CO. KG
TABLE 142 PILZ GMBH & CO. KG: BUSINESS OVERVIEW
12.1.12 TAMAGAWA SEIKI CO., LTD.
TABLE 143 TAMAGAWA SEIKI CO. LTD: BUSINESS OVERVIEW
12.1.13 FAULHABER GROUP
TABLE 144 FAULHABER GROUP.: BUSINESS OVERVIEW
12.1.14 BAUMER GROUP
TABLE 145 BAUMER GROUP.: BUSINESS OVERVIEW
12.1.15 KOYO ELECTRONICS INDUSTRIES CO., LTD.
TABLE 146 KOYO ELECTRONICS INDUSTRIES CO., LTD.: BUSINESS OVERVIEW
*Business overview, Products offered, Recent developments, Product launches and developments, MnM view, Key strengths/Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies
12.2 OTHER KEY PLAYERS
12.2.1 SCHNEIDER ELECTRIC SE
12.2.2 OMRON CORPORATION
12.2.3 ROCKWELL AUTOMATION INC.
12.2.4 SICK
12.2.5 HENGSTLER GMBH
12.2.6 KUBLER
12.2.7 ELAP
12.2.8 SIKO GMBH
12.2.9 NEMICON
12.2.10 GURLEY
13 ADJACENT & RELATED MARKETS (Page No. - 177)
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 POSITION SENSOR MARKET, BY APPLICATION
13.3.1 INTRODUCTION
TABLE 147 POSITION SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
TABLE 148 POSITION SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
13.3.2 MACHINE TOOLS
13.3.2.1 Use of position sensors in machine tools enables higher degree of automation and versatility, along with improved safety and energy efficiency
TABLE 149 POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 150 POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2020–2025 (USD MILLION)
13.3.3 ROBOTICS
13.3.3.1 Position sensors provide meaningful information to controllers via electronic signals enabling robots to perform their tasks efficiently
TABLE 151 POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 152 POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2020–2025 (USD MILLION)
13.3.4 MOTION SYSTEMS
13.3.4.1 Position sensors are used in motion systems to measure absolute or incremental displacement
TABLE 153 POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 154 POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2020–2025 (USD MILLION)
13.3.5 MATERIAL HANDLING
13.3.5.1 Material handling applications require position sensors to ensure safe and controlled operations
TABLE 155 POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2016–2019 (USD MILLION)
TABLE 156 POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2020–2025 (USD MILLION)
13.3.6 TEST EQUIPMENT
13.3.6.1 Automotive, aerospace, industrial, and medical sectors use Position sensors to test their equipment and ensure high accuracy and precision
TABLE 157 POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2016–2019 (USD MILLION)
TABLE 158 POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2020–2025 (USD MILLION)
13.3.7 OTHERS
TABLE 159 POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION)
TABLE 160 POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
13.3.8 IMPACT OF COVID-19 ON POSITION SENSOR MARKET FOR DIFFERENT APPLICATIONS
14 APPENDIX (Page No. - 185)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the encoder market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the encoder market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
The impact and implication of COVID-19 on various applications, as well as encoders, have also been discussed in this section. Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, technology developers, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts (with a key focus on the impact of COVID-19), such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from encoder manufacturers, such as Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), Renishaw plc (UK), ifm electronics (Germany), POSITAL FRABA (Netherlands); research organizations, distributors, professional and managed product providers, industry associations, and key opinion leaders. Following is the breakdown of primary respondents
The breakdown of primary respondents is provided below.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the encoder market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Encoder market Size: Bottom-Up Approach
DATA TRIANGULATION
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the encoder market, in terms of encoder type, signal type, technology type, and application.
- To describe and forecast the market, in terms of value, with regard to four main regions: Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To provide a detailed overview of the value chain of encoders
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the encoder market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the encoder
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders.
- To analyze competitive strategies, such as product launches, expansions, and acquisitions, adopted by key market players in the encoder market
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
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Growth opportunities and latent adjacency in Encoders Market