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In 2023, the optical encoder market was estimated to be worth 2.20 billion USD. Forecasts indicate that the optical encoder market will expand from an initial valuation of $2.12 billion in 2024 to $4.32 billion in 2031, representing a CAGR (compound annual growth rate) of 10.70% from 2024 to 2031. Several factors are fueling the market's expansion, including the increasing need for advanced automation in various sectors and verticals, the increasing use of state-of-the-art motion control systems, and the growing need for better automation overall.
Multiple digital signals corresponding to the regular displacement of the input shaft are provided by an optical encoder, an electromechanical device with mechanical input and electrical output. An optical encoder can be either an incremental or an absolute type. It is usual to employ incremental encoders. An incremental encoder takes readings from the shaft's angular position via two channels (A and B) and produces square waves that are proportional to the shaft's incremental rotations. Moreover, the absolute encoder is a positioning encoder that stores positional information even when the power is turned off, in addition to providing periodic information about the disc. There are two main varieties of absolute encoders: those with one turn and those with many turns.
Over the next several years, the worldwide optical encoder market is predicted to experience growth due to the rising popularity of advanced motion control systems. A wide variety of industries are embracing advanced motion control systems, including those dealing with offshore machinery, construction equipment, automobiles, aerospace, military, and alternative energy. The rising importance of dependable functioning in harsh environments is driving this demand. The rising demand for these sectors' and industries' products has also led to the development of next-generation encoders that use solid-state electronics rather than fragile mechanical devices.
Over the projected period, the worldwide optical encoder market is expected to be driven by the growing demand for increased automation. Modern automation is becoming more popular, and with it, more complex systems that use both traditional and manual controls. In order to improve efficiency, output, and cost-effectiveness, automated controls are in high demand for use in industrial applications. The worldwide optical encoder market is anticipated to experience rapid expansion in the near future, driven by the introduction of innovative features including better diagnostic capabilities.
Significant commercial prospects may arise from the use of signal-on-demand in hybrid absolute rotational encoders. Absolute or incremental rotational encoders are currently used by most position encoding applications. More and more sectors are finding uses for "signal on-demand" in hybrid absolute or incremental rotational encoders. Significant commercial prospects may arise from the use of signal-on-demand in hybrid absolute rotational encoders. Absolute or incremental rotational encoders are currently used by most position encoding applications. More and more sectors are finding uses for "signal on-demand" in hybrid absolute or incremental rotational encoders.
The optical encoder market is expected to experience growth during the forecast period, driven by the increasing demand for state-of-the-art motion control systems. Modern motion control systems are finding widespread use in many different sectors, including construction, alternative energy, the military, and offshore equipment. The increasing need for reliable performance in challenging conditions explains this demand. Additionally, next-generation encoders utilizing solid-state electronics instead of delicate mechanical devices have been developed to fulfill the increasing demand for usage in a variety of sectors and industries. The global optical encoder market is expected to experience growth during the projected period, driven by an increasing demand for improved automation. Advanced automation is seeing a surge in orders for both manual and traditional controls, as well as for more complex and expanding applications. In order to boost efficiency, reduce expenses, and enhance output, automated controls are crucial for industrial applications. The development of novel functionalities, such as enhanced diagnostic capabilities, is also expected to contribute to the expansion of the global optical encoder market in the coming years.
Automation use is skyrocketing across all industries, which is driving up encoder usage for a range of applications. Some common applications of encoders include web tensioning, backstop gauging, linear measuring, web tensioning, registration mark timing, filling, conveying, and so on. Since electric motors consume 50% of the electricity in industry, most of these motors use encoders to control or monitor their activities. Robotics also makes use of encoders, whether it's a guided robot or an articulating arm used in a factory. These autonomous systems can't function without precise speed and location feedback systems. The encoder business finds several uses due to the fact that force detection and adjustment are essential for robotic system faultless control.
Report Coverage
Global Optical Encoder research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Optical Encoder report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Optical Encoder competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Optical Encoder market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Optical Encoder market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Optical Encoder market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sensata Technologies, POSITAL FRABA, Renishaw plc, IFM Electronics, Dynapar Corporation, and HEIDENHAIN
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Optical Encoder market based on the below-mentioned segments:
Global Optical Encoder Market, By Type
Incremental
Absolute
Global Optical Encoder Market, By End User
Automotive
Electronics
Medical Devices
Textile & Printing Machinery
Aviation
Others
Global Optical Encoder market, Regional Analysis
Multiple digital signals corresponding to the regular displacement of the input shaft are provided by an optical encoder, an electromechanical device with mechanical input and electrical output. An optical encoder can be either an incremental or an absolute type. It is usual to employ incremental encoders. An incremental encoder takes readings from the shaft's angular position via two channels (A and B) and produces square waves that are proportional to the shaft's incremental rotations. Moreover, the absolute encoder is a positioning encoder that stores positional information even when the power is turned off, in addition to providing periodic information about the disc. There are two main varieties of absolute encoders: those with one turn and those with many turns.
Over the next several years, the worldwide optical encoder market is predicted to experience growth due to the rising popularity of advanced motion control systems. A wide variety of industries are embracing advanced motion control systems, including those dealing with offshore machinery, construction equipment, automobiles, aerospace, military, and alternative energy. The rising importance of dependable functioning in harsh environments is driving this demand. The rising demand for these sectors' and industries' products has also led to the development of next-generation encoders that use solid-state electronics rather than fragile mechanical devices.
Over the projected period, the worldwide optical encoder market is expected to be driven by the growing demand for increased automation. Modern automation is becoming more popular, and with it, more complex systems that use both traditional and manual controls. In order to improve efficiency, output, and cost-effectiveness, automated controls are in high demand for use in industrial applications. The worldwide optical encoder market is anticipated to experience rapid expansion in the near future, driven by the introduction of innovative features including better diagnostic capabilities.
Significant commercial prospects may arise from the use of signal-on-demand in hybrid absolute rotational encoders. Absolute or incremental rotational encoders are currently used by most position encoding applications. More and more sectors are finding uses for "signal on-demand" in hybrid absolute or incremental rotational encoders. Significant commercial prospects may arise from the use of signal-on-demand in hybrid absolute rotational encoders. Absolute or incremental rotational encoders are currently used by most position encoding applications. More and more sectors are finding uses for "signal on-demand" in hybrid absolute or incremental rotational encoders.
The optical encoder market is expected to experience growth during the forecast period, driven by the increasing demand for state-of-the-art motion control systems. Modern motion control systems are finding widespread use in many different sectors, including construction, alternative energy, the military, and offshore equipment. The increasing need for reliable performance in challenging conditions explains this demand. Additionally, next-generation encoders utilizing solid-state electronics instead of delicate mechanical devices have been developed to fulfill the increasing demand for usage in a variety of sectors and industries. The global optical encoder market is expected to experience growth during the projected period, driven by an increasing demand for improved automation. Advanced automation is seeing a surge in orders for both manual and traditional controls, as well as for more complex and expanding applications. In order to boost efficiency, reduce expenses, and enhance output, automated controls are crucial for industrial applications. The development of novel functionalities, such as enhanced diagnostic capabilities, is also expected to contribute to the expansion of the global optical encoder market in the coming years.
Automation use is skyrocketing across all industries, which is driving up encoder usage for a range of applications. Some common applications of encoders include web tensioning, backstop gauging, linear measuring, web tensioning, registration mark timing, filling, conveying, and so on. Since electric motors consume 50% of the electricity in industry, most of these motors use encoders to control or monitor their activities. Robotics also makes use of encoders, whether it's a guided robot or an articulating arm used in a factory. These autonomous systems can't function without precise speed and location feedback systems. The encoder business finds several uses due to the fact that force detection and adjustment are essential for robotic system faultless control.
Report Coverage
Global Optical Encoder research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Optical Encoder report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Optical Encoder competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Optical Encoder market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sensata Technologies, POSITAL FRABA, Renishaw plc, IFM Electronics, Dynapar Corporation, and HEIDENHAIN |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Optical Encoder Market from 2021 to 2031.
- Market Forecast for Optical Encoder Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Optical Encoder competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Optical Encoder
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Optical Encoder market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Optical Encoder market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sensata Technologies, POSITAL FRABA, Renishaw plc, IFM Electronics, Dynapar Corporation, and HEIDENHAIN
Primary Target Market
- Market Players of Optical Encoder
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Optical Encoder market based on the below-mentioned segments:
Global Optical Encoder Market, By Type
Incremental
Absolute
Global Optical Encoder Market, By End User
Automotive
Electronics
Medical Devices
Textile & Printing Machinery
Aviation
Others
Global Optical Encoder market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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