Encoders are electromechanical devices that convert motion into electronic pulses to determine position, velocity, or angle. They are used extensively in industrial equipment, motor vehicles, robotics, and automation applications. Growth in industrial automation and adoption across various end-use industries such as automotive, electronics, manufacturing, etc. is expected to drive the demand for encoders during the forecast period.

Market Dynamics:

The global encoder market is driven by increasing industrial automation across various industries. Growing demand for industrial robots and automated machinery in the manufacturing sector is a key driver. Moreover, increasing electronics production and adoption of automation in the automotive industry is supporting the market growth. However, the availability of alternatives, such as resolvers and higher initial costs of encoders, are some factors restraining the market growth. Development of encoders with additional capabilities to measure multiple parameters is expected to create new opportunities during the forecast period.

Key Features of the Study:

- This report provides in-depth analysis of the global encoder market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global encoder market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Baumer Group, Dynapar Corporation (Fortive Corporation), FAULHABER Drive Systems, HEIDENHAIN, Hengstler GMBH (Fortive Corporation), Honeywell International, Maxon Motor AG, Omron Corporation, Panasonic Corporation, Pepperl+Fuchs International, POSITAL FRABA Inc. (FRABA BV), Renishaw PLC, Rockwell Automation Inc., Schneider Electric, and Sensata Technologies

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global encoder market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global encoder market

Detailed Segmentation:

• By Type
• • Rotary Encoder
  • Linear Encoder
• By Technology
• • Optical
  • Magnetic
  • Photoelectric
  • Others
• By End-use Industry
• • Automotive
  • Textile
  • Healthcare & Medical Devices
  • Industrial
  • Printing Machinery
  • Electronics
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
• • Baumer Group
  • Dynapar Corporation (Fortive Corporation)
  • FAULHABER Drive Systems
  • HEIDENHAIN
  • Hengstler GMBH (Fortive Corporation)
  • Honeywell International
  • Maxon Motor AG
  • Omron Corporation
  • Panasonic Corporation
  • Pepperl+Fuchs International
  • POSITAL FRABA Inc. (FRABA BV)
  • Renishaw PLC
  • Rockwell Automation Inc.
  • Schneider Electric
  • Sensata Technologies