Amritsar Online

Encoders Market Size Worth US$ 3,447.7 Million by 2027 | CAGR 10.2%: The Insight Partners

 Breaking News
  • No posts were found

Encoders Market Size Worth US$ 3,447.7 Million by 2027 | CAGR 10.2%: The Insight Partners

December 10
18:55 2021
Encoders Market Size Worth US$ 3,447.7 Million by 2027 | CAGR 10.2%: The Insight Partners
The Insight Partners
The Encoders Market is penetrating at a high growth rate in APAC.

According to the new research report, titled “Encoder Market – Global Analysis and Forecast to 2027”, published by The Insight Partners, the global encoder market is expected to reach US$ 3,447.7 million by 2027, registering a CAGR of 10.2% during 2020-2027.  

Strategic Insights        

Report Coverage

Details

Market Size Value in

 US$ 1,748.4 Million in 2020

Market Size Value by

 US$ 3,447.7 Million by 2027

Growth rate

 CAGR of 10.2% from 2020-2027

Forecast Period

 2020-2027

Base Year

 2020

No. of Pages

 204

No. Tables

 143

No. of Charts & Figures

 85

Historical data available

 Yes

Segments covered

 Type; Technology; End User

Regional scope

 North America; Europe; Asia Pacific; Latin America; MEA

Country scope

 US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South  Korea, Saudi Arabia, Brazil, Argentina

Report coverage

 Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Encoders Market at https://www.theinsightpartners.com/sample/TIPTE100000522/

Encoders are electrical to mechanical transducers whose output is derived by reading a coded pattern on a rotating disk or a moving scale. Encoders are classified by the technology used to read the coded element: contact or non-contact, such as magnetic or optical; physical phenomenon employed to produce the output: linear or rotary. Due to the reliability and performance improvements of the semiconductor technology an encoder inherits, optical encoders are the favored solution in many standard industrial, computer, and automotive applications. Optical encoders also profit from the ease of customization and thus, are suitable for numerous working environments, and experience no effects from extraordinary levels of magnetic fields. Conveyor belts are considered as a crucial technology for achieving industrial automation where encoders are widely used. Encoders are primarily attached to the motor, to intermediate axle shafts or both. Encoders are mostly active feedback device where the speed or positioning of multi-element conveying systems must be carefully coordinated. Thus with the rising trend of industrial automation across the globe, the demand for the encoder is also set to propel.  

In today’s world, robots are considered as major productivity improving tools. South Korea is one of the largest adopter of robots in the world, whereas the US stands at 7th position. In various parts of the world, industrial sectors are encouraging advances related to automation. Accuracy, speed, and durability are the foremost features of industrial robots that are achieved by the use of encoders integrated into them. Encoder offers high-control dynamics and system precision, thus resisting strong vibrations in the servomotors located at the robot’s axes. An incremental encoder acts as a secondary encoder in the robot; it returns the absolute position precision of the robot. As per the International Federation of Robotics (IFR), a non-profit organization based in Germany, in January 2020,

Impact of COVID-19 Pandemic on Encoders Market

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Encoders Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

Download the Latest COVID-19 Analysis on Encoders Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPTE100000522

Growing Industrial Automation Across Industries

Industrial automation is implemented in several industries, such as automotive, aerospace, food & beverages, healthcare, and electronics. Industrial automation observes a high growth rate due to the requirement for enhanced productivity, speed, and efficiency in manufacturing procedures. Encoders are crucial devices of high volume, high-speed industrial automation applications. Encoders convert motion into electrical feedback signals read by a control device in order to measure changes in speed, position, direction, count, and linear distance. Encoders are suitable for accurate position determination in industrial automation. In several countries, the automation of vehicles is increasing swiftly. With the advent of advanced technology, various automakers are anticipated to invest heavily in autonomous car technology. The encoder is attached to a wheel in order to measure rotation. By measuring rotation, it determines velocity and acceleration. Thus, in automotive automation, encoders play a crucial role and are progressively used in car manufacturing by automakers across the world. This factor accelerates revenue in the global encoder market.

Encoders Market: Type Insights

In the type segment, rotary encoder captured a larger share of the global encoder market. The growing demand for electronic position sensing devices across various industries is mainly driving the growth of rotary encoders. Rising demand for rotary encoders in the automotive industry and increasing trend of industrial automation are among the factors anticipated to drive the growth of the market for rotary encoders during the forecast period.

Encoders Market: Competitive Landscape and Key Developments

Delta Electronics, Inc., Dahua Technology CO., Ltd, Omron Corporation, ELCO Holding, FRABA B.V., FSI Technologies Inc., Renishaw Plc., Rockwell Automation, Inc., Scancon Encoders A/S, and Servotechnik GmbH are among the key players in the global Encoders market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Order a Copy of Encoders Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPTE100000522/

2020: FRABA’s subsidiary POSITAL has extended its product portfolio of rotary encoders and inclinometers in order to include more devices with IP69K level environmental protection. They are available with a comprehensive range of mechanical options and communications interfaces.

2019: Renishaw Plc launched a new encoder, ATOM DX encoder, designed on Renishaw’s ATOM miniature encoder series and integrated with an innovative interpolation technology originally developed for the VIONiC and QUANTiC encoder families.

Browse Related Reports and get Sample copy

Motion Control Encoders Market 2028 By Operation, Type, End-user and Geography

Optical Encoders Market 2028 Growth Trends, Share – Global Analysis and Forecasts

Absolute Rotary Encoders Market 2028 By Type, Application and Geography

Absolute Shaft Encoders Market 2028 By Product, Application and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://voxbikol.com/author/theinsightpartners/

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/pr/encoder-market

Related Articles