April 4, 2020

Encoders Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2019 to 2027

According to a new market research report published by Credence Research “Global Encoders Market – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”, the global market for encoders is set to grow with a CAGR of 11.9 percent over the forecast period 2019 to 2027.

Market Insights

The global market for encoders is strongly driven by the increasing applications of encoders in the automotive and consumer electronics industries. In addition, technological advancements play a vital role in the global development of this market. They are used in various systems and machines that require encoders due to rapid processing and acceleration. Some of the devices in which encoders are used are printers, scanners, engines, and others.  In addition, the adoption of these devices in the automotive sector is a key driver of the encoder market.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/encoders-market

In addition, several key players are developing and launching new encoders for different industries with the aim of improving work efficiency and process. In July 2016, FAULHABER Drive Systems, a subsidiary of MICROMO, launched IER3 and IERS3 optical encoders with advanced accuracy and signal quality capabilities compared to other encoders.

Based on the type, the market for encoders was segmented as rotator encoders, linear encoders, and others. The linear encoder sub-segment holds the largest market share by type segment and is expected to be the fastest-growing sub-segment in the forecast period. Linear encoders are devices that convert analog or digital signals in response to linear motion. They are used in a variety of industries, such as manufacturing, electronics and automotive. Industrial processes and other industries. Linear encoders are widely used in coordinate measuring machines (CMMs), laser scanners, calipers, gear measurements, voltage testers, and others.

Asia-Pacific is expected to be the fastest-growing market due to the presence of China, Japan, India, South Korea and other developed and developing countries in the region. Demand for automotive and consumer electronics is growing rapidly as a result of technological advancement and ever-increasing consumer base. In addition, the increasing disposable income also contributes to the growth of the market. In addition, the presence of various encoders manufacturing companies such as Omron Corporation, Panasonic Corporation and others in the region is also driving the market.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59823

List of Companies Covered:

  • Omron Corporation
  • Honeywell International
  • Schneider Electric
  • Rockwell Automation Inc.
  • Panasonic Corporation
  • Baumer Group
  • BEI Sensors
  • Dynapar Corporation
  • FAULHABER Drive Systems
  • Pepperl+Fuchs International
  • Hengstler GmbH
  • Maxon Motor ag.

Market Segmentation

By Technology Segment

 • Optical

 • Magnetic

 • Photoelectric

 • Others

 By End-User Segment

 • Automotive

 • Electronics

 • Textile & Printing Machinery

 • Others

By Type

 • Rotary Encoder

 • Linear Encoder

 • Others

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59823

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