エンコーダ市場 : 2028年までの世界予測

Report Overview

The encoder market is valued at USD 2.7 billion in 2023 and is projected to reach USD 4.5 billion by 2028, growing at a CAGR of 11.0% from 2023 to 2028. Some of the major factors driving the growth of the encoder market include the growing expansion of automotive markets worldwide and the rising need for high-end automation across industries. However, mechanical failure in harsh environments will be a challenge for the market in the future. The major growth opportunities for the market players are increasing demand for machine learning and artificial intelligence-based systems.

“Market for linear encoder to witness significant growth during the forecast period.”

The linear encoder segment is expected to witness significant growth in the encoder market during the forecast period. Linear encoder senses and digitizes a change in the linear position or movement of a product, pin, or equipment. It is used to detect speed, distance, direction, and displacement. It can also conduct position measurements by sending feedback to control systems. The sensor reads the scale to convert the encoded position into an analog or digital signal, which can then be decoded into position by a digital readout (DRO) or motion controller. The linear encoder determines positions without needing mechanical actuators, eliminating several error sources due to its non-contact principle.

“Market for the incremental encoders is expected to hold the significant share during the forecast period.”

An incremental encoder determines the position and speed by a train of pulses. It transforms the angular position or motion of the shaft into digital or pulse signals using an optical disk. One of the main properties of incremental encoders is that the pulse is counted from zero every time the encoder is switched on as the position is not stored, thus needing a reset or a reference point before counting again. Some advantages associated with incremental encoders include cost-effectiveness, less complexity, and high noise immunity. It also provides excellent speed and distance feedback. The incremental encoder is designed to be versatile and customizable to fit into various applications (servo/light industrial or heavy-duty applications) to determine positioning and motor speed feedback.

“Market for healthcare application segment to witness the highest growth during the forecast period. ”

The healthcare application is expected to record the highest CAGR in the encoder market during the forecast period. The healthcare sector depends on advanced techniques, including imaging, diagnostic scanning, and robotic surgeries, to provide the best possible care to patients. Medical device manufacturers are aware of the benefits of integrating encoder components and materials into life-saving medical devices such as respirators, ventilators, and atomization systems.

“Germany is expected to have the largest market size in Europe during the forecast period.”

Germany is one of the largest manufacturing hubs for automobile companies in Europe. Technological innovations in the automotive sector of the country contribute to the growth of the encoders market in Germany. As Germany has the largest automotive sector, it witnesses a higher consumption of encoders. Along with the automotive industry, encoders are also adopted in various other industrial, manufacturing, and healthcare applications.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the encoders space. The break-up of primary participants for the report has been shown below:

• By Company Type: Tier 1 – 52%, Tier 2 – 31%, and Tier 3 – 17%
• By Designation: C-level Executives – 47%, Directors –31%, and Others – 22%
• By Region: North America –36%, Europe – 29%, Asia Pacific– 30%, and RoW – 5%

The report profiles key players in the encoders market with their respective market ranking analysis.

Prominent players profiled in this report include Sensata Technologies (US); HEIDENHAIN (Germany); Fortive (Dynapar) (US); Renishaw plc (UK); Mitutoyo Corporation (Japan); FRABA B.V. (Netherlands); ifm electronic (Germany); Pepperl+Fuchs (Germany); Maxon (Switzerland). Apart from these, Pilz GmbH & Co. KG (Germany); Tamagawa Seiki Co., Ltd (Japan), Faulhaber Group (Germany); Baumer (Switzerland); Koyo Electronics Industries Co., Ltd (Japan); Schneider Electric (France); Omron Corporation (Japan); Rockwell Automation (US); Sick AG (Germany); Kubler Group (Germany); are among a few other key companies in the encoder market.

Report Coverage

The report defines, describes, and forecasts the encoder market based on type, signal type, technology, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the encoder market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions carried out by the key players to grow in the market.

Reasons to Buy This Report

The report will help the market leaders/new entrants in the market with information on the closest approximations of the revenue for the overall encoder market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, opportunities, and challenges.

The report will provide insights into the following pointers:

• Analysis of key drivers (Rising need for high-end automation across industries), restraints (Variations in international regulations), opportunities (Rising government initiatives to boost industrial automation), and challenges (Mechanical failure in harsh environments) of the encoder market.
• Product development /Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the encoder market.
• Market Development: Comprehensive information about lucrative markets; the report analyses the encoder market across various regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the encoder market.
• Competitive Assessment: In-depth assessment of market share, growth strategies, and services, offering of leading players like Sensata Technologies (US); HEIDENHAIN (Germany); Fortive (Dynapar) (US); Renishaw plc (UK); Mitutoyo Corporation (Japan) among others in encoder market.

Table of Contents

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS & EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
FIGURE 1 ENCODER MARKET SEGMENTATION 26
1.3.2 GEOGRAPHICAL SCOPE 27
FIGURE 2 ENCODER MARKET: REGIONAL SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 28
1.5 UNITS CONSIDERED 28
1.6 LIMITATIONS 28
1.7 STAKEHOLDERS 28
1.8 SUMMARY OF CHANGES 28
1.9 RECESSION ANALYSIS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 3 ENCODER MARKET: RESEARCH DESIGN 30
2.1.1 SECONDARY AND PRIMARY RESEARCH 31
2.1.2 SECONDARY DATA 32
2.1.2.1 Key data from secondary sources 32
2.1.2.2 List of key secondary sources 32
2.1.3 PRIMARY DATA 33
2.1.3.1 Primary interviews with experts 33
2.1.3.2 Key data from primary sources 33
2.1.3.3 Key industry insights 34
2.1.3.4 Primary interviews with experts 34
2.1.3.5 List of key primary respondents 34
2.1.3.6 Breakdown of primaries 35
2.2 MARKET SIZE ESTIMATION 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES IN ENCODER MARKET 35
2.2.1 BOTTOM-UP APPROACH 36
2.2.1.1 Capturing market share by bottom-up approach (demand side) 36
FIGURE 5 ENCODER MARKET: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 37
2.2.2.1 Capturing market share by top-down approach (supply side) 37
FIGURE 6 ENCODER MARKET: TOP-DOWN APPROACH 37
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 7 DATA TRIANGULATION METHODOLOGY 38
2.4 RESEARCH ASSUMPTIONS 39
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON ENCODER MARKET 39
2.6 RISK ASSESSMENT 40
3 EXECUTIVE SUMMARY 41
FIGURE 8 ROTARY TO HOLD LARGEST MARKET SHARE IN 2028 41
FIGURE 9 ENCODER MARKET, BY SIGNAL TYPE, 2023 VS. 2028 42
FIGURE 10 MAGNETIC ENCODERS TO DOMINATE MARKET DURING FORECAST PERIOD 43
FIGURE 11 INDUSTRIAL VERTICAL TO CLAIM LARGEST MARKET SHARE DURING FORECAST PERIOD 43
FIGURE 12 ENCODER MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENCODER MARKET 45
FIGURE 13 INCREASING ADOPTION OF INDUSTRY 4.0 TO BOOST MARKET GROWTH 45
4.2 ENCODER MARKET, BY TYPE 45
FIGURE 14 ROTARY ENCODERS TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 45
4.3 ENCODER MARKET, BY APPLICATION 46
FIGURE 15 BY APPLICATION, INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 46
4.4 ENCODER MARKET, BY TECHNOLOGY 46
FIGURE 16 MAGNETIC ENCODERS TO HOLD LARGEST SHARE IN 2028 46
4.5 ENCODER MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY 47
FIGURE 17 INDUSTRIAL VERTICAL AND US WERE LARGEST SHAREHOLDERS IN NORTH AMERICAN ENCODER MARKET IN 2022 47
4.6 ENCODER MARKET, BY COUNTRY 47
FIGURE 18 ENCODER MARKET TO DISPLAY HIGHEST CAGR IN CHINA DURING FORECAST PERIOD 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 19 ENCODER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 48
5.2.1 DRIVERS 49
5.2.1.1 Rising need for high-end automation across industries 49
5.2.1.2 Growing adoption of Industry 4.0 49
FIGURE 20 ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS 2021 50
5.2.1.3 Expansion of automotive market worldwide 50
FIGURE 21 ENCODER MARKET: IMPACT ANALYSIS OF DRIVERS 51
5.2.2 RESTRAINTS 51
5.2.2.1 Accuracy-related errors 51
5.2.2.2 Variations in international regulations 52
FIGURE 22 ENCODER MARKET: IMPACT ANALYSIS OF RESTRAINTS 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Rising government initiatives to boost industrial automation 52
TABLE 1 INVESTMENTS IN INDUSTRIAL AUTOMATION PROVIDED THROUGH GOVERNMENT INITIATIVES 53
5.2.3.2 Increasing demand for machine learning and artificial intelligence-based systems 54
5.2.3.3 Innovative technologies in automotive and UAV industries 54
FIGURE 23 ENCODER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 55
5.2.4 CHALLENGES 55
5.2.4.1 Mechanical failures in harsh environments 55
5.2.4.2 Growing need to continuously invest in research and development 56
FIGURE 24 ENCODER MARKET: IMPACT ANALYSIS OF CHALLENGES 56
5.3 VALUE CHAIN ANALYSIS 56
FIGURE 25 ENCODER MARKET: VALUE CHAIN ANALYSIS 57
5.4 ECOSYSTEM ANALYSIS 58
FIGURE 26 ENCODER MARKET: ECOSYSTEM ANALYSIS 58
TABLE 2 ENCODER MARKET ECOSYSTEM 58
5.5 PRICING ANALYSIS 59
TABLE 3 INDICATIVE PRICES OF ENCODERS 60
5.5.1 AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS 60
FIGURE 27 AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS 60
TABLE 4 AVERAGE SELLING PRICE OF SIGNAL TYPE ENCODERS OFFERED BY KEY PLAYERS (USD) 61
TABLE 5 AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS (USD) 61
5.5.2 AVERAGE SELLING PRICE TREND 61
FIGURE 28 AVERAGE SELLING PRICE OF ENCODER TYPE 61
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 29 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN ENCODER MARKET 62
5.7 TECHNOLOGY ANALYSIS 62
5.7.1 IMPACT OF IIOT ON ENCODER INDUSTRY 62
5.7.2 RISE OF COLLABORATIVE & AGV ROBOTS 63
5.7.3 MINIATURIZATION AND WIRELESS CONNECTIVITY OF ENCODERS 63
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 63
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 63
FIGURE 30 ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 63
TABLE 6 ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 64
5.8.2 BUYING CRITERIA 64
FIGURE 31 ENCODER MARKET: KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 64
TABLE 7 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 64
5.9 CASE STUDIES ANALYSIS 65
TABLE 8 SAM-JEONG AUTOMATION INCORPORATES RENISHAW’S INCREMENTAL ENCODER TO ACHIEVE ACCURACY 65
TABLE 9 PAL ROBOTICS INTEGRATES ENCODERS INTO ROBOTIC TECHNOLOGY 65
TABLE 10 SCODIX ULTRA CHOOSES RENISHAW’S TONIC INCREMENTAL ENCODER SYSTEM TO ACHIEVE HIGH-QUALITY PRINTING 65
5.10 TRADE ANALYSIS 66
FIGURE 32 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION) 66
FIGURE 33 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION) 67
5.10.1 TARIFF ANALYSIS 67
TABLE 11 TARIFF FOR ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS OR FOR MAKING CONNECTIONS, EXPORTED BY CHINA 2021 68
TABLE 12 TARIFF FOR ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS OR FOR MAKING CONNECTION EXPORTED BY GERMANY, 2021 68
TABLE 13 TARIFF FOR ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS OR FOR MAKING CONNECTIONS EXPORTED BY US, 2021 68
TABLE 14 TARIFF FOR ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS OR FOR MAKING CONNECTIONS, EXPORTED BY JAPAN 2021 69
TABLE 15 TARIFF FOR ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS OR FOR MAKING CONNECTIONS, EXPORTED BY FRANCE 2021 69
5.11 PATENT ANALYSIS 69
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 69
TABLE 16 TOP 20 PATENT OWNERS IN LAST 10 YEARS (US) 70
FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2022 71
TABLE 17 ENCODER MARKET: KEY PATENTS, 2020–2022 71
5.12 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 36 ENCODER MARKET: PORTER’S FIVE FORCES ANALYSIS 73
TABLE 18 ENCODER MARKET: PORTER’S FIVE FORCES ANALYSIS 73
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 75
TABLE 19 ENCODER MARKET: KEY CONFERENCES & EVENTS, 2023–2024 75
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 22 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 23 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
5.14.1 STANDARDS AND REGULATIONS RELATED TO ENCODER MARKET 78
TABLE 24 STANDARDS FOR ENCODER MARKET 78
6 ENCODER MARKET, BY ENCODER TYPE 79
6.1 INTRODUCTION 80
FIGURE 37 ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 80
TABLE 25 ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 80
TABLE 26 ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 80
TABLE 27 ENCODER MARKET, BY TYPE, 2019–2022 (MILLION UNITS) 81
TABLE 28 ENCODER MARKET, BY TYPE, 2023–2028 (MILLION UNITS) 81
6.2 ROTARY 81
6.2.1 INCREASED DEMAND IN AUTOMATION INDUSTRY TO BOOST MARKET 81
TABLE 29 ROTARY: ENCODER MARKET, BY SIGNAL TYPE, 2019–2022 (USD MILLION) 82
TABLE 30 ROTARY: ENCODER MARKET, BY SIGNAL TYPE, 2023–2028 (USD MILLION) 82
TABLE 31 ROTARY: ENCODER MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 82
TABLE 32 ROTARY: ENCODER MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 82
TABLE 33 ROTARY: ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 83
TABLE 34 ROTARY: ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 83
6.3 LINEAR 84
6.3.1 INCREASING DEMAND FOR HIGH-PRECISION MACHINING TOOLS TO BENEFIT MARKET 84
TABLE 35 LINEAR: ENCODER MARKET, BY SIGNAL TYPE, 2019–2022 (USD MILLION) 84
TABLE 36 LINEAR: ENCODER MARKET, BY SIGNAL TYPE, 2023–2028 (USD MILLION) 84
TABLE 37 LINEAR: ENCODER MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 85
TABLE 38 LINEAR: ENCODER MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 85
TABLE 39 LINEAR: ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 85
TABLE 40 LINEAR: ENCODER MARKET, BY APPLICATION, 2023–2028(USD MILLION) 86
7 ENCODER MARKET, BY SIGNAL TYPE 87
7.1 INTRODUCTION 88
FIGURE 38 INCREMENTAL ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 88
TABLE 41 ENCODER MARKET, BY SIGNAL TYPE, 2019–2022 (USD MILLION) 88
TABLE 42 ENCODER MARKET, BY SIGNAL TYPE, 2023–2028 (USD MILLION) 88
7.2 INCREMENTAL 89
7.2.1 SIMPLIFIED HARDWARE AND FLEXIBLE FUNCTIONALITY TO DRIVE MARKET 89
TABLE 43 INCREMENTAL: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 89
TABLE 44 INCREMENTAL: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 90
 
7.3 ABSOLUTE 90
7.3.1 RELIABLE MEASUREMENT PERFORMANCE TO STRENGTHEN MARKET 90
TABLE 45 ABSOLUTE: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 91
TABLE 46 ABSOLUTE: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 91
8 ENCODER MARKET, BY TECHNOLOGY 92
8.1 INTRODUCTION 93
FIGURE 39 MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 93
TABLE 47 ENCODER MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 93
TABLE 48 ENCODER MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 94
8.2 MAGNETIC TECHNOLOGY 94
8.2.1 RELIABLE DIGITAL FEEDBACK IN HARSH ENVIRONMENTS TO DRIVE MARKET 94
TABLE 49 MAGNETIC TECHNOLOGY: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 95
TABLE 50 MAGNETIC TECHNOLOGY: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 95
8.3 OPTICAL TECHNOLOGY 95
8.3.1 ABILITY TO MONITOR AND CONTROL MECHANICAL SYSTEMS TO DRIVE MARKET 95
TABLE 51 OPTICAL TECHNOLOGY: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 96
TABLE 52 OPTICAL TECHNOLOGY: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 96
8.4 INDUCTIVE TECHNOLOGY 96
8.4.1 COMPACT DESIGN WITH HIGH ACCURACY TO DRIVE DEMAND 96
TABLE 53 INDUCTIVE TECHNOLOGY: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 97
TABLE 54 INDUCTIVE TECHNOLOGY: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 97
8.5 OTHER TECHNOLOGIES 97
TABLE 55 OTHER TECHNOLOGIES: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 98
TABLE 56 OTHER TECHNOLOGIES: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 98
9 ENCODER MARKET, BY APPLICATION 99
9.1 INTRODUCTION 100
FIGURE 40 INDUSTRIAL APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD 100
TABLE 57 ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 100
TABLE 58 ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 101
9.2 INDUSTRIAL 101
9.2.1 INCREASING UTILIZATION OF ENCODERS IN ROBOTICS AND FACTORY AUTOMATION TO DRIVE MARKET 101
TABLE 59 INDUSTRIAL APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 102
TABLE 60 INDUSTRIAL APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 102
TABLE 61 INDUSTRIAL APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 62 INDUSTRIAL APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 103
9.3 HEALTHCARE 103
9.3.1 UTILIZATION OF SURGICAL ROBOTS IN HEALTHCARE APPLICATIONS TO DRIVE MARKET 103
TABLE 63 HEALTHCARE APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 104
TABLE 64 HEALTHCARE APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 104
TABLE 65 HEALTHCARE APPLICATION: ENCODER MARKET, BY REGION, 2019–2022(USD MILLION) 104
TABLE 66 HEALTHCARE APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 105
9.4 CONSUMER ELECTRONICS 105
9.4.1 SURGE OF LINEAR MOTOR ENCODERS IN ELECTRICAL APPLIANCES TO DRIVE MARKET 105
TABLE 67 CONSUMER ELECTRONICS APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 105
TABLE 68 CONSUMER ELECTRONICS APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 106
TABLE 69 CONSUMER ELECTRONICS APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 70 CONSUMER ELECTRONICS APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 106
9.5 AUTOMOTIVE 107
9.5.1 RISING INTEGRATION OF AUTOMATION IN AUTOMOBILES TO PROPEL GROWTH 107
TABLE 71 AUTOMOTIVE APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 107
TABLE 72 AUTOMOTIVE APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 107
TABLE 73 AUTOMOTIVE APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 108
TABLE 74 AUTOMOTIVE APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 108
9.6 POWER 108
9.6.1 INCREASING COMPLEXITIES IN SOLAR & WIND ENERGY APPLICATIONS TO DRIVE MARKET 108
TABLE 75 POWER APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 109
TABLE 76 POWER APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 109
TABLE 77 POWER APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 78 POWER APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 109
9.7 FOOD & BEVERAGE 110
9.7.1 INTEGRATION OF IO-LINK TECHNOLOGY INTO ENCODERS TO DRIVE MARKET 110
TABLE 79 FOOD & BEVERAGE APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 111
TABLE 80 FOOD & BEVERAGE APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 111
TABLE 81 FOOD & BEVERAGE APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 82 FOOD & BEVERAGE APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 111
9.8 AEROSPACE 112
9.8.1 PRECISION CONTROL TECHNOLOGY OF ENCODERS IN AIRBORNE PLANES TO PROPEL GROWTH 112
TABLE 83 AEROSPACE APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 112
TABLE 84 AEROSPACE APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 112
TABLE 85 AEROSPACE APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 86 AEROSPACE APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 113
9.9 PRINTING 113
9.9.1 USE OF ROTARY ENCODERS IN PRINTING APPLICATIONS AND OFFICE EQUIPMENT TO DRIVE MARKET 113
TABLE 87 PRINTING APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 114
TABLE 88 PRINTING APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 114
TABLE 89 PRINTING APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 90 PRINTING APPLICATION: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 115
9.10 TEXTILE 115
9.10.1 GROWING UTILIZATION OF ENCODERS IN WEAVING & KNITTING PROCESSES TO DRIVE MARKET 115
TABLE 91 TEXTILE APPLICATION: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 116
TABLE 92 TEXTILE APPLICATION: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 116
TABLE 93 TEXTILE APPLICATION: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 94 TEXTILE APPLICATION: ENCODER MARKET, BY REGION, 2023–2028(USD MILLION) 117
 
9.11 OTHER APPLICATIONS 117
TABLE 95 OTHER APPLICATIONS: ENCODER MARKET, BY TYPE, 2019–2022 (USD MILLION) 117
TABLE 96 OTHER APPLICATIONS: ENCODER MARKET, BY TYPE, 2023–2028 (USD MILLION) 117
TABLE 97 OTHER APPLICATIONS: ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 118
TABLE 98 OTHER APPLICATIONS: ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 118
10 ENCODER MARKET, BY REGION 119
10.1 INTRODUCTION 120
FIGURE 41 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 120
TABLE 99 ENCODER MARKET, BY REGION, 2019–2022 (USD MILLION) 120
TABLE 100 ENCODER MARKET, BY REGION, 2023–2028 (USD MILLION) 121
10.2 NORTH AMERICA 121
FIGURE 42 NORTH AMERICA: ENCODER MARKET SNAPSHOT 122
TABLE 101 NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 122
TABLE 102 NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 123
TABLE 103 NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 123
TABLE 104 NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124
10.2.1 US 124
10.2.1.1 Large industrial base for consumer electronics and automotive manufacturing to drive market 124
10.2.2 CANADA 125
10.2.2.1 Rising adoption of advanced technologies in aerospace industry to drive market 125
10.2.3 MEXICO 125
10.2.3.1 Expanding consumer electronics industry to support market growth 125
10.2.4 RECESSION IMPACT ON ENCODER MARKET IN NORTH AMERICA 126
10.3 EUROPE 126
FIGURE 43 EUROPE: ENCODER MARKET SNAPSHOT 127
TABLE 105 EUROPE: ENCODER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 127
TABLE 106 EUROPE: ENCODER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 128
TABLE 107 EUROPE: ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 128
TABLE 108 EUROPE: ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 129
10.3.1 UK 129
10.3.1.1 Expanding manufacturing sector to drive uptake of encoders 129
10.3.2 GERMANY 130
10.3.2.1 Growing use of robotics in automobiles to drive market 130
10.3.3 FRANCE 131
10.3.3.1 Growing manufacturing & textile industries to drive demand for encoders 131
10.3.4 REST OF EUROPE 131
10.3.5 RECESSION IMPACT ON ENCODER MARKET IN EUROPE 131
10.4 ASIA PACIFIC 132
FIGURE 44 ASIA PACIFIC: ENCODER MARKET SNAPSHOT 132
TABLE 109 ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 133
TABLE 110 ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 111 ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 133
TABLE 112 ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 134
10.4.1 CHINA 134
10.4.1.1 Rising expansion of manufacturing & mining industries to drive market 134
10.4.2 JAPAN 135
10.4.2.1 Rising demand for electric & hybrid vehicles in automotive industry to drive market 135
10.4.3 SOUTH KOREA 135
10.4.3.1 Increasing technological advancements in consumer electronics to drive demand 135
10.4.4 INDIA 135
10.4.4.1 Developing textile industry to boost market 135
10.4.5 REST OF ASIA PACIFIC 136
10.4.6 RECESSION IMPACT ON ENCODER MARKET IN ASIA PACIFIC 136
10.5 ROW 137
TABLE 113 ROW: ENCODER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 137
TABLE 114 ROW: ENCODER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 137
TABLE 115 ROW: ENCODER MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 137
TABLE 116 ROW: ENCODER MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138
10.5.1 SOUTH AMERICA 138
10.5.1.1 Growing mining industry to fuel market growth 138
10.5.2 MIDDLE EAST 138
10.5.2.1 Growing government investment in manufacturing to drive demand for encoders 138
10.5.3 AFRICA 139
10.5.3.1 Growth of region as manufacturing hub to drive market 139
10.5.4 RECESSION IMPACT ON ENCODER MARKET IN ROW 139
 
11 COMPETITIVE LANDSCAPE 140
11.1 INTRODUCTION 140
11.2 COMPANY REVENUE ANALYSIS 140
FIGURE 45 REVENUE ANALYSIS OF TOP THREE PLAYERS, 2020–2022 140
11.3 MARKET SHARE ANALYSIS, 2022 140
TABLE 117 MARKET SHARE OF TOP FIVE PLAYERS, 2022 141
11.4 COMPETITIVE EVALUATION MATRIX, 2022 142
11.4.1 STARS 142
11.4.2 EMERGING LEADERS 142
11.4.3 PERVASIVE PLAYERS 142
11.4.4 PARTICIPANTS 143
FIGURE 46 COMPANY EVALUATION QUADRANT FOR KEY PLAYERS, 2022 143
11.4.5 COMPANY TYPE FOOTPRINT 144
TABLE 118 COMPANY TYPE FOOTPRINT 144
TABLE 119 COMPANY APPLICATION FOOTPRINT 145
TABLE 120 COMPANY REGION FOOTPRINT 146
TABLE 121 COMPANY FOOTPRINT 147
11.5 SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2022 148
11.5.1 PROGRESSIVE COMPANIES 148
11.5.2 RESPONSIVE COMPANIES 148
11.5.3 DYNAMIC COMPANIES 148
11.5.4 STARTING BLOCKS 148
FIGURE 47 ENCODER MARKET: SME EVALUATION MATRIX, 2022 149
11.5.5 STARTUPS/SMES EVALUATION MATRIX 150
TABLE 122 ENCODER MARKET: KEY STARTUPS/SMES 150
TABLE 123 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 150
11.6 COMPETITIVE SCENARIOS AND TRENDS 151
11.6.1 PRODUCT LAUNCH & DEVELOPMENT 151
TABLE 124 PRODUCT LAUNCHES & DEVELOPMENT, 2019–2022 151
11.6.2 DEALS 154
TABLE 125 DEALS, 2019–2022 154
11.6.3 OTHERS 155
TABLE 126 OTHERS, 2019–2022 155
12 COMPANY PROFILE 157
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 157
12.1.1 SENSATA TECHNOLOGIES, INC. 157
TABLE 127 SENSATA TECHNOLOGIES, INC: BUSINESS OVERVIEW 157
FIGURE 48 SENSATA TECHNOLOGIES, INC: COMPANY SNAPSHOT 158
TABLE 128 SENSATA TECHNOLOGIES, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 158
12.1.2 HEIDENHAIN 161
TABLE 129 HEIDENHAIN: COMPANY OVERVIEW 161
TABLE 130 HEIDENHAIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 161
12.1.3 FORTIVE 164
TABLE 131 FORTIVE: BUSINESS OVERVIEW 164
FIGURE 49 FORTIVE: COMPANY SNAPSHOT 165
TABLE 132 FORTIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
12.1.4 RENISHAW PLC 168
TABLE 133 RENISHAW PLC: COMPANY OVERVIEW 168
FIGURE 50 RENISHAW PLC: COMPANY SNAPSHOT 169
TABLE 134 RENISHAW PLC: PRODUCTS/ SOLUTIONS/SERVICES OFFERED 170
12.1.5 MITUTOYO CORPORATION 173
TABLE 135 MITUTOYO CORPORATION: COMPANY OVERVIEW 173
TABLE 136 MITUTOYO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
12.1.6 FRABA B.V. 175
TABLE 137 FRABA B.V.: COMPANY OVERVIEW 175
TABLE 138 FRABA B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
12.1.7 IFM ELECTRONIC GMBH 179
TABLE 139 IFM ELECTRONIC GMBH: BUSINESS OVERVIEW 179
TABLE 140 IFM ELECTRONIC GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
12.1.8 PEPPERL+FUCHS SE 181
TABLE 141 PEPPERL+FUCHS SE: BUSINESS OVERVIEW 181
TABLE 142 PEPPERL+FUCHS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
12.1.9 MAXON 184
TABLE 143 MAXON: BUSINESS OVERVIEW 184
TABLE 144 MAXON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
12.1.10 BALLUFF INC. 186
TABLE 145 BALLUFF INC: BUSINESS OVERVIEW 186
TABLE 146 BALLUFF INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186
12.1.11 PILZ GMBH & CO. KG 188
TABLE 147 PILZ GMBH & CO. KG: BUSINESS OVERVIEW 188
TABLE 148 PILZ GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
12.1.12 TAMAGAWA SEIKI CO., LTD. 189
TABLE 149 TAMAGAWA SEIKI CO., LTD.: BUSINESS OVERVIEW 189
TABLE 150 TAMAGAWA SEIKI CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 189
12.1.13 FAULHABER GROUP 190
TABLE 151 FAULHABER GROUP: BUSINESS OVERVIEW 190
TABLE 152 FAULHABER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
12.1.14 BAUMER 192
TABLE 153 BAUMER: BUSINESS OVERVIEW 192
TABLE 154 BAUMER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
12.1.15 JTEKT ELECTRONICS CORPORATION 194
TABLE 155 JTEKT ELECTRONICS CORPORATION: BUSINESS OVERVIEW 194
TABLE 156 JTEKT ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 196
12.2.1 SCHNEIDER ELECTRIC 196
12.2.2 OMRON CORPORATION 197
12.2.3 ROCKWELL AUTOMATION 198
12.2.4 SICK AG 199
12.2.5 KÜBLER GROUP 199
12.2.6 ELAP SRL 200
12.2.7 SIKO GMBH 201
12.2.8 NEMICON CORPORATION 202
12.2.9 GURLEY PRECISION INSTRUMENTS 202
12.2.10 LIKA ELECTRONIC SRL 203
13 APPENDIX 204
13.1 DISCUSSION GUIDE 204
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 207
13.3 CUSTOMIZATION OPTIONS 209
13.4 RELATED REPORTS 209
13.5 AUTHOR DETAILS 210