Global Rotary Encoders Market, By Type (Optical, Magnetic, Mechanical, Capacitive), Application (Material Handling, Machine Tools, Motion Systems, Robotics, Elevator Industry, Food and Packaging, Others), Product (Incremental Rotary Encoders, Absolute Rotary Encoders), End-User Industry (Automotive, Aerospace, Electronics, Healthcare, Manufacturing, Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029.
Market Analysis and Insights of Rotary Encoders Market
Rotary encoders market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the rotary encoders market to exhibit a CAGR of 8.2% for the forecast period of 2022 to 2029.
Rotary encoders are devices which are specially designed so they can convert the angular movement of the shaft into the analog digital output signal. Optical, mechanical, capacitive and magnetic are some of the common types of the rotary encoders. They are widely utilized across he various end users such as the automotive, aerospace, electronics, healthcare, manufacturing, packaging and others.
The increasing automation in the industry along with the growing demand from the automobile industry will emerge as the major factor driving market growth. The increasing usage in the aerospace industry, growth in automotive industry and increasing prevalence of rotary encoders from the electronic industry are estimated to boost the overall growth of the market for the forecast period of 2022 to 2029. Moreover, Digitization and Industry 4.0 revolution have significantly stimulated the adoption of automation among various industries is projected to cushion the growth of the market. In addition to this, the factors such as the rapid development in automation of vehicles to improve the experience for customers, encoders are increasingly used in car manufacturing by automakers as they provide real time speed, acceleration and rotational position information to the automated guided vehicle controller will further aggravate the market value for the forecast period of 2022 to 2029. On the other hand, the dearth of product differentiation act as a restraint for the market.
In addition to this, the industrial robotic applications along with the automation in a different sectors are estimated to create new opportunities for growing the market within the forecast period. On the flip side, the increasing pricing pressure on manufacturer result as a challenge for the market for the forecast period of 2022 to 2029.
This rotary encoders market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on rotary encoders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Rotary Encoders Market Scope and Market Size
The rotary encoders market is segmented on the basis of type, application, product and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the rotary encoders market is segmented into optical, magnetic, mechanical and capacitive.
- The application segment of the rotary encoders market is segmented into material handling, machine tools, motion systems, robotics, elevator industry, food and packaging and others.
- Product segment of the rotary encoders market is divided into incremental rotary encoders and absolute rotary encoders.
- Based on end-user industry, the rotary encoders market is segmented into automotive, aerospace, electronics, healthcare, manufacturing, packaging and others.
Rotary Encoders Market Country Level Analysis
The rotary encoders market is analyzed and market size, volume information is provided by type, application, product and end-user as referenced above.
The countries covered in the rotary encoders market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe region dominates the rotary encoders market due to the increasing application of the rotary encoders such as machine tools, material handling, robotics, and others which will enhance the market growth in the region within the region for the forecast period of 2022 to 2029. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the rapidly expanding end-user industrial base in developing nations such as China and India within the region.
The country section of the rotary encoder market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rotary Encoders Market Share Analysis
The rotary encoders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rotary encoders market.
Some of the major players operating in the rotary encoders market report are HEIDENHAIN, TAMAGAWA SEIKI Co.,Ltd, Baumer, NEMICON CORPORATION., Pepperl+Fuchs, Kübler Group, Koyo Electronics Industries Co., Ltd., OMRON Corporation, Leine & Linde AB, SICK AG, TR-Electronic GmbH, Sensata Technologies, Inc, Novotechnik U.S. Inc., Hans Turck GmbH & Co. KG., Bourns, Inc., TE Connectivity., Renishaw plc, and MTS Systems., among others.
Recent Developments
In January 2021, The FORTiS enclosed linear absolute encoder series was introduced by Renishaw plc. The series is built on RESOLUTE encoder technology and is suitable for use in harsh environments. Furthermore, it provides superior repeatability, reduced hysteresis, and improved measurement performance due to an advanced non-contact mechanical design that does not require a mechanical guidance carriage.
In April 2021, The EAM300, the smallest CANopen interface rotary encoder in the MARGES EAM series, was introduced by Baumer. Its small size allows for more space in machine designs, and some variants provide design freedom. It is primarily intended for use in medical technology and mobile automation.
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