Global optical encoders market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 15.15% during forecast period.



Global Optical Encoders Market

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Market Definition

An optical encoder is an electromechanical device which converts an angular displacement directly into a digital or analog electric output form. Optical encoder consists of light detectors, an optical grating and a light source to convert angular motion to an electrical signal.

Market Dynamics

Surge in the adoption of highly developed motion control systems and increasing demand for special assertion in surface mount technology placement methods are major driving factors behind the growth of market. Growing adoption of optical encoder as sensor devices in position control and motor speed applications, rising trend of miniaturization of devices and demand of small devices, increased usage of control systems and advanced automation equipments, need for high-end automation across industries and ongoing advancements in technologies in automotive industry are expected to improve the growth of market during forecast period. Optical encoder technology provides some benefits such as high resolution, high accuracy, compact design, high repeatability and easy adaptation to the application, which are ultimately propelling the growth of market.

However, complex assembly of encoders and presence of some delicate parts are major restraining factors that could hamper the growth of market. Also mechanical failure of encoders in harsh environments could hinder the growth of market.

Global Optical Encoders Market: Segmentation Analysis

By configuration, absolute single turn segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during forecast period. The growth is attributed to the high adoption of absolute optical encoders in various end-use applications across several industries. Absolute encoders have a unique code for each shaft position. The output of an absolute encoder indicates both the position and the motion of the motor shaft.

Growing adoption of absolute optical encoders in applications for mechanical systems such as in robotics automation, industrial automation, computer input devices like mice and trackballs, photographic lenses, rotating radar platforms and in controlled stress rheometers is expected to witness fast growth during forecast period. Absolute encoders provides some benefits such as better resolution, higher accuracy, enhanced system reliability and cost effectiveness which makes them more demandable for small and medium businesses across the world, which ultimately improving the growth of market.

Global Optical Encoders Market: Regional Analysis

Region wise, Asia pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The developing economies such as China, Japan and India are major key contributors behind the growth of market. The growth is attributed to the growing market for electronics, semiconductor equipment and automotive industry across the region.

Growing industrialization in developing economies, along with the demand to reduce manufacturing costs of devices, the growing sales and production of optical encoders in small and medium enterprises are propelling the growth of market in the APAC region.

The objective of the report is to present a comprehensive analysis of the Global Optical Encoders Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Optical Encoders Market dynamics, structure by analyzing the market segments and projects the Global Optical Encoders Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Optical Encoders Market make the report investor’s guide.

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The Scope of Global Optical Encoders Market

Global Optical Encoders Market, By Configuration

• Shafted
• Absolute Single Turn
• Incremental
• Hollow Shaft
• Multi-turn
Global Optical Encoders Market, By Output Signal Format

• Digital
• Analog
Global Optical Encoders Market, By Application

• Assembly and Robotics Equipment
• Metalworking Equipment
• Communication System
• Healthcare Equipment
• Consumer Electronics & Semiconductor Manufacturing Equipment
• Test & Measurement Equipment
• Others
Global Optical Encoders Market, By Industry

• Manufacturing Industry
• IT & Telecom Industry
• Space and Aviation
• Automobile
• Others
Global Optical Encoders Market, By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Optical Encoders Market, Key Players

• Broadcom, Inc
• BEI Sensors
• Rockwell Automation Inc.
• Renishaw Plc.
• Dynapar
• Allied Motion Technologies Inc
• Codechamp SA
• Turck Holding GmbH
• Honeywell International Inc
• GrayHill Inc
• Tokyo Sokuteikizai Co., Ltd
• Bourns Inc
• Baumer Group
• Faulhaber Group
• CTS Corporation

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