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The global optical encoder market has been growing steadily over the past few years owing to growing adoption in industrial automation. Optical encoders allow precise angular or linear position measurement and offer benefits of high resolution, reliability, and durability. They function by measuring the movement of lines or slits on a rotating disk against a light source and photodetector. Advancements in semiconductor technology and growing integration of optical encoders in automation systems for accurate motion control are expected to propel the market growth during the forecast period.

Market Dynamics:

The global optical encoder market is driven by the growing adoption of industrial automation across various industries. Increasing need for precise motion control and feedback in automation equipment is fueling the demand for optical encoders. Moreover, the widespread replacement of outdated mechanical components with advanced optical encoders in machinery is supporting market expansion. However, high initial costs associated with optical encoders compared to other conventional position sensors is a key restraining factor. Ongoing technological advancements offering benefits, such as miniaturization, higher resolutions, and frequencies, present lucrative opportunities. The introduction of smart optical encoders with integrated computing and connectivity capabilities will further aid the market going forward.

Key Features of the Study:

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

- It elucidates potential revenue growth 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 optical 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, BEI Sensors, Bourns, Inc., Broadcom Inc., CUI Inc., Dynapar Corporation, Fortive (Dynapar Corporation), FRABA B.V., HEIDENHAIN, Hengstler, IFM Electronics, POSITAL FRABA, Renishaw plc, Sensata Technologies, and Tokyo Electric Co., Ltd.

- 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 optical 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 optical encoder market

Detailed Segmentation:

  • By Configuration
    • Shafted
    • Hollow Shaft
    • Absolute Single Turn
    • Multi-turn
    • Incremental
  • By Output Signal
    • Analog
    • Digital
  • By Application
    • Healthcare Equipment
    • Metalworking Equipment
    • Consumer Electronics and Semiconductor Manufacturing Equipment
    • Communication System
    • Test and Measurement Equipment
    • Assembly and Robotics Equipment
    • Others
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
  • Key Players Insights
    • Baumer Group
    • BEI Sensors
    • Bourns, Inc.
    • Broadcom Inc.
    • CUI Inc.
    • Dynapar Corporation
    • Fortive (Dynapar Corporation)
    • FRABA B.V.
    • HEIDENHAIN
    • Hengstler
    • IFM Electronics
    • POSITAL FRABA
    • Renishaw plc
    • Sensata Technologies
    • Tokyo Electric Co., Ltd.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Configuration
      • Market Snippet, By Output Signal
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launches/Approvals
    • Impact of COVID-19 Pandemic
  4. Global Optical Encoder Market, By Configuration, 2019-2031 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Shafted
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Hollow Shaft
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Absolute Single Turn
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Multi-turn
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Incremental
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
  5. Global Optical Encoder Market, By Output Signal, 2019-2031 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Analog
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Digital
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
  6. Global Optical Encoder Market, By Application, 2019-2031 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Healthcare Equipment
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Metalworking Equipment
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Consumer Electronics and Semiconductor Manufacturing Equipment
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Communication System
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Test and Measurement Equipment
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Assembly and Robotics Equipment
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
  7. Global Optical Encoder Market, By Region, 2019-2031 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2024 and 2031 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Configuration, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Output Signal, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Application, 2019–2031 (US$ Mn)
      • Market Share Analysis, By Country, 2024 and 2031 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Configuration, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Output Signal, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Application, 2019–2031 (US$ Mn)
      • Market Share Analysis, By Country, 2024 and 2031 (%)
        • U.K.
        • Germany
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Configuration, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Output Signal, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Application, 2019–2031 (US$ Mn)
      • Market Share Analysis, By Country, 2024 and 2031 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Configuration, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Output Signal, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Application, 2019–2031 (US$ Mn)
      • Market Share Analysis, By Country, 2024 and 2031 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Regional Trends
      • Market Size and Forecast, By Configuration, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Output Signal, 2019–2031 (US$ Mn)
      • Market Size and Forecast, By Application, 2019–2031 (US$ Mn)
      • Market Share Analysis, By Country, 2024 and 2031 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
      • Baumer Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BEI Sensors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bourns, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Broadcom Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CUI Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dynapar Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fortive (Dynapar Corporation)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FRABA B.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HEIDENHAIN
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hengstler
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IFM Electronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • POSITAL FRABA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Renishaw plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sensata Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tokyo Electric Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Wheel of Fortune
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  10. Reference and Research Methodology
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Global Optical Encoder Market - Global forecast to 2031”

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