Due to a lack of semiconductor chips, the automobile sector is suffering manufacturing challenges. In any case, the demand for high-end vehicles is increasing, which encourages manufacturers and producers to continue investing in high-end vehicles. Encoders with industrial Ethernet ports are expected to have strong adhesion. The profinet interface is expected to take the lead in the European environment, whilst Ethernet, IP, or Modbus are expected to take the lead in the Asian or American regions. Many optical encoders are built around a thin glass disc that can be damaged by excessive of severe shock or misaligned by shock or severe vibration. Encoders have typically been relatively sophisticated electrical devices made up of integrated circuits, LEDs, and photo detectors. The profinet interface is expected to take the lead in the European environment, whilst Ethernet, IP, or Modbus are expected to take the lead in the Asian or American regions. Many optical encoders are built around a thin glass disc that can be damaged by excessive of severe shock or misaligned by shock or severe vibration. Encoders have typically been relatively sophisticated electrical devices made up of integrated circuits, LEDs, and photo detectors.
According to Coherent Market Insights, the global Encoder Market size was valued at USD 2,479.11 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030.
Leading Companies in the Encoder Industry:
1. Omron Corporation
OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The company's Industrial Automation Business offers sensors, switches, safety and control components, relays, FA system equipment, motion/drives, robotics, energy saving support/environmental equipment, power supplies/peripheral equipment, etc. OMRON Corporation was founded in and is headquartered in Kyoto, Japan. On 3 february 2022, Omron Automation America opens an advanced motion research and development center at the forefront of next generation automation with smaller, faster, and more accurate motion controllers.
2. Baumer Group
Baumer S.A. develops solutions in hospitals, odontology, and health industry equipment in Brazil, Europe, Asia, and the United States. The company was founded in 1952 and is based in Pacaembu, Brazil. It serves hospitals, clinics, hemocenters, universities, public health service, and carrier health markets; and pharmaceutical, food, and cosmetics industries, as well as research institutes and laboratories. On march 2022, Baumer declared building of new innovation center in Switzerland.
3. Honeywell International
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company's Honeywell Building Technologies segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. The company was founded in 1885 and is headquartered in Charlotte, North Carolina. On July 2022, TT electronics partnered with Honeywell on Next-generation Inertial navigation power supply.
4. Pepperl+Fuchs International
P&F Industries, Inc., through its subsidiaries, designs, imports, manufactures, and sells pneumatic hand tools primarily to the retail, industrial, automotive, and aerospace markets primarily in the United States. P&F Industries, Inc. was founded in 1959 and is based in Melville, New York.
5. Renishaw Plc.
Renishaw plc was incorporated in 1973 and is headquartered in Wotton-under-Edge, the United Kingdom. Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. On November 2022, company launched an innovative metal scale disc for its ATOM DX encoder series: CENTRIUMTM CSF40.
6. Sensata Technologies
Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The company was founded in 1916 and is headquartered in Attleboro, Massachusetts.
7. Dynapar Corporation (Fortive Corporation)
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
8. Schneider Electric
Schneider Electric S.E. provides energy and automation digital solutions worldwide. It operates through two segments, Energy Management and Industrial Automation. The company was founded in 1836 and is headquartered in Rueil-Malmaison, France.
9. Panasonic Corporation
Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions segments. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan.
10. Rockwell Automation Inc.
Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services.
*Definition - The encoder delivers feedback or an output signal that may be used to calculate location, speed, direction, and count. A control device can use data or information to transmit a command for a certain purpose. For example, a cut-to-length application, observatory, enormous crane, and so on.
