[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Encoder Market by Type (Rotary Encoder, Linear Encoder), Technology (Optical, Magnetic, Photoelectric, and Others), Signal Type (Absolute Encoders, Incremental Encoders), Industry Vertical (Automotive, Electronics, Printing Machinery, Textile, Aerospace, Pharmaceuticals, and Others), and Region 2023-2028

March 2023 | 145 pages | ID: E48593F8AEB5EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global encoder market size reached US$ 2.44 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.08 Billion by 2028, exhibiting a growth rate (CAGR) of 8.66% during 2023-2028. The rising demand for high-end automation across industries, increasing product utilization in the automotive industry, and integration of the Internet of Things (IoT) technology represent some of the key factors driving the market.

An encoder refers to an electromechanical feedback device that compiles and converts motion into an electrical signal for determining position, speed, count, or direction. Linear, rotary, and angle encoders are some commonly used variants that are based on mechanical, optical, capacitive, and magnetic technologies. It consists of several components, such as a light source, variable resistor, sensors, rotating disk, electric circuit, and signal processor. An encoder is widely used in robotics, automation, cut-to-length applications, printing, packaging, conveying, sorting, machine tools, elevators, cranes, vehicles, and telescopes. It is a cost-effective, durable, compact, shock-resistant, and highly reliable device that integrates easily with existing technologies and provides high-resolution measurements. As a result, encoder finds extensive applications across the automotive, healthcare, aerospace, food and beverage (F&B), consumer electronics, power generation, and textile industries. 

Encoder Market Trends:

The rising demand for high-end automation across various industries is one of the primary factors driving the market growth. An encoder is widely used in automation to maintain and control motor speed and guide robotic arms in various operations, such as welding, assembly, material handling, and grinding, which, in turn, enhances performance, improves overall equipment effectiveness, reduces costs, and increases productivity. Furthermore, the widespread product utilization in the automotive industry to provide precision control of the drive motor system and steering assembly is providing an impetus to the market growth. Along with this, increasing product adoption in electric, hybrid, and autonomous vehicles to measure the position of the wheels and provide feedback for the control system is propelling the market growth. Additionally, the incorporation of embedded microprocessors to improve the signal processing capability of encoders, expand their functionality, enhance sensitivity, and allow users to configure the system through smartphones and web portals is positively influencing the market growth. Apart from this, the integration of the Internet of Things (IoT) technology, which allows users to analyze encoders remotely, provides diagnostic and condition monitoring capabilities, and accurately predicts a potential failure, is favoring the market growth. Moreover, increasing product adoption in the healthcare industry for robotic surgery, ophthalmic laser treatment, radiation therapy, artificial respiration, orthopedic rehabilitation, and laboratory analysis is positively influencing the market growth. Other factors, including rapid industrialization, increasing investment in the research and development (R&D) of innovative products, and the widespread product utilization in various consumer electronics, such as scanners, printers, and copiers, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global encoder market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, technology, signal type, and industry vertical.

Type Insights:

Rotary Encoder
Linear Encoder
 

The report has provided a detailed breakup and analysis of the encoder market based on the type. This includes a rotary and linear encoder. According to the report, rotary encoder represented the largest segment.

Technology Insights:

Optical
Magnetic
Photoelectric
Others
 

A detailed breakup and analysis of the encoder market based on the technology has also been provided in the report. This includes optical, magnetic, photoelectric, and others. According to the report, optical accounted for the largest market share.

Signal Type Insights:

Absolute Encoders
Incremental Encoders
 

A detailed breakup and analysis of the encoder market based on the signal type has also been provided in the report. This includes absolute and incremental encoders. According to the report, absolute encoders accounted for the largest market share.

Industry Vertical Insights:

Automotive
Electronics
Printing Machinery
Textile
Aerospace
Pharmaceuticals
Others
 

A detailed breakup and analysis of the encoder market based on the industry vertical has also been provided in the report. This includes automotive, electronics, printing machinery, textile, aerospace, pharmaceuticals, and others. According to the report, electronics accounted for the largest market share.

Regional Insights:

North America

United States
Canada

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa
 

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for encoder. Some of the factors driving the Asia Pacific encoder market included the increasing demand for high-end automation across various industries, rapid industrialization, and extensive research and development (R&D) activities.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global encoder market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Alps Alpine Co. Ltd., Baumer Holding AG, Bourns Inc., Dynapar Corporation (Fortive Corporation), OMRON Corporation, Panasonic Corporation, Pepperl+Fuchs SE, Renishaw plc, Rockwell Automation Inc., Schneider Electric SE, Sensata Technologies Inc., TE Connectivity, TT Electronics Plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global encoder market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global encoder market?
What is the impact of each driver, restraint, and opportunity on the global encoder market?
What are the key regional markets?
Which countries represent the most attractive encoder market?
What is the breakup of the market based on the type?
Which is the most attractive type in the encoder market?
What is the breakup of the market based on the technology?
Which is the most attractive technology in the encoder market?
What is the breakup of the market based on signal type?
Which is the most attractive signal type in the encoder market?
What is the breakup of the market based on industry vertical?
Which is the most attractive industry vertical in the encoder market?
What is the competitive structure of the global encoder market?
Who are the key players/companies in the global encoder market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL ENCODER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Rotary Encoder
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Linear Encoder
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Optical
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Magnetic
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Photoelectric
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY SIGNAL TYPE

8.1 Absolute Encoders
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Incremental Encoders
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY INDUSTRY VERTICAL

9.1 Automotive
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Electronics
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Printing Machinery
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Textile
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Aerospace
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Pharmaceuticals
  9.6.1 Market Trends
  9.6.2 Market Forecast
9.7 Others
  9.7.1 Market Trends
  9.7.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Alps Alpine Co. Ltd.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Baumer Holding AG
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Bourns Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Dynapar Corporation (Fortive Corporation)
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 OMRON Corporation
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Panasonic Corporation
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Pepperl+Fuchs SE
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Renishaw plc
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 Rockwell Automation Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Schneider Electric SE
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Sensata Technologies Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 TE Connectivity
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 TT Electronics Plc
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 FinancialsKindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

LIST OF TABLES

Table 1: Global: Encoder Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Encoder Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Encoder Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Encoder Market Forecast: Breakup by Signal Type (in Million US$), 2023-2028
Table 5: Global: Encoder Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 6: Global: Encoder Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Encoder Market: Competitive Structure
Table 8: Global: Encoder Market: Key Players


LIST OF FIGURES

Figure 1: Global: Encoder Market: Major Drivers and Challenges
Figure 2: Global: Encoder Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Encoder Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Encoder Market: Breakup by Type (in %), 2022
Figure 5: Global: Encoder Market: Breakup by Technology (in %), 2022
Figure 6: Global: Encoder Market: Breakup by Signal Type (in %), 2022
Figure 7: Global: Encoder Market: Breakup by Industry Vertical (in %), 2022
Figure 8: Global: Encoder Market: Breakup by Region (in %), 2022
Figure 9: Global: Encoder (Rotary Encoder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Encoder (Rotary Encoder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Encoder (Linear Encoder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Encoder (Linear Encoder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Encoder (Optical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Encoder (Optical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Encoder (Magnetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Encoder (Magnetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Encoder (Photoelectric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Encoder (Photoelectric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Encoder (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Encoder (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Encoder (Absolute Encoders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Encoder (Absolute Encoders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Encoder (Incremental Encoders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Encoder (Incremental Encoders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Encoder (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Encoder (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Encoder (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Encoder (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Encoder (Printing Machinery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Encoder (Printing Machinery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Encoder (Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Encoder (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Encoder (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Encoder (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Encoder (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Encoder (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Encoder (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Encoder (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Encoder Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Encoder Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Encoder Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Encoder Industry: Drivers, Restraints, and Opportunities
Figure 89: Global: Encoder Industry: Value Chain Analysis
Figure 90: Global: Encoder Industry: Porter's Five Forces Analysis


More Publications