Encoder Market

Encoder Market: Linear Encoder Expected to Remain Dominant Product Type: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027

  • 2018-11-20
  • REP-GB-7696
  • 140 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Encoder Market

This study offers a comprehensive, 360 degree analysis on the Encoder market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Encoder market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

An encoder is a sensor for mechanical motion that generates digital signals in response to motion. An encoder is an electro-mechanical device and able to provide motion control system users with information concerning position, velocity and direction. There are two different types of encoders: linear and rotary. A linear encoder responds to motion along a path, while a rotary encoder responds to rotational motion.

In this report, FMI has segmented the global encoder market on the basis of by type, by vertical, and region. By type, the market is sub-segmented into linear encoder and rotary encoder. The linear sub-segment is surging the growth of the global encoder market owing to a quantitative increase in the demand for industrial components. In addition, the global adoption of industrial internet of things by several industry verticals is surging the growth of the encoder market. However, the growth of the rotary sub-segment can be attributed to the growth of automotive and electronics industry across the globe. It has been observed that the demand for advanced encoder is increasing rapidly. Owing to these factors, the linear encoder sub-segment is projected to register double-digit market growth and hold the highest market share at the end of 2027 in the global encoder market.

Based on manufacturing vertical, the encoder market is sub-segmented into automotive, electronics, textile & printing machinery, and others. The emergence of next-generation automotive technologies is a major factor that promotes the growth of the automotive sub-segment. The automotive segment has witnessed several technological advancements in the recent years. In the automotive industry, autonomous vehicles, such as smart cars, connected cars and driverless cars, are in the testing and deployment stages. These key advancements in the automotive industry are encouraging automotive OEMs to adopt Encoder components. The automotive sector has a huge impact on the encoder market. The increasing number of vehicles and an increase in the production of automotive parts are important factors which are driving the growth of the encoder market. As different encoders are used in the automobile industry for shaft rotation to generate digital position and motion information, the growth in the automotive industry directly influences the demand for encoders. Countries in Latin America and Asia Pacific such as China, Japan, India, Brazil, and Mexico play an important role in the growth of the automotive sector.

In parallel, the electronics sub-segment is anticipated to create potential revenue opportunities for the encoder market vendors in near future. The electronic industry is going with advanced innovations and technological developments. Due to these factors the electronics sub-segment is supporting the growth of global encoder market. In addition to this, in recent years, the textile & printing machinery is expected to witness the deployment of advanced technologies. With these advancements, the textile & printing machinery sub-segment is projected to create potential growth in the encoder market.

In addition, on the basis of geography, the North America encodermarket is expected to dominate the global Encodermarket due to advancements in next-generation technologies in the U.S. and Canada. The provision of enhanced manufacturing capabilities is expected to propel the encodermarket in North America. Moreover, the region has witnessed the widespread deployment of IoT and ultra-reliable, low-latency communications technologies in the past couple of years. These factors are fuelling the growth of the encoder market in North America. The encodermarket has high potential in China owing to major technological advancements in the manufacturing and industrial sectors. The SEA and Others of APAC Encoder market is expected to be among target markets for encoder market participants. In SEA and Others of APAC because government in the region are promoting and supporting the Industry revolution 4.0. The Latin America encoder market is estimated to grow at a high CAGR over the forecast period. The MEA Encoder market is projected to grow at a high CAGR due to an increase in the penetration of additive manufacturing components.

According to FMI analysis, long-term contracts with business partners help increase revenue and new innovation strategies enable Encoder vendors to reach new growth markets. Some of the market participants featured in the global Encoder market report are Omron Corporation, Honeywell International, Schneider Electric, Rockwell Automation, Panasonic Corporation, Baumer Group, BEI Sensors, Dynapar Corp, FAULHABER Drive Systems, Pepperl+Fuchs, Hengstler GmbH, Maxon Motor.

Report Synopsis

Future Market Insights (FMI) offers a 9-year forecast of the encoder market between 2018 and 2027. In terms of value, the market is expected to register a double-digit CAGR during the forecast period. This study demonstrates the global market dynamics and trends across eight regions: North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the encoder market over the forecast period.

Report Description

This research report provides a detailed analysis of the encoder market and offers insights on the various factors driving the popularity of encoder systems. The report includes an extensive analysis of key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on technology, application and different regions globally.

The encoder market is expected to witness significant value growth during the forecast period owing to an increase in the demand for Industrial Internet of Things (IIoT) and automation equipment from various industry verticals.

The report starts with an overview of the encoder market in terms of value. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the encoder market.

The encoder market is classified on the basis of type, vertical and region. By type, the market is sub-segmented into linear encoder and rotary encoder. Based on the manufacturing vertical, the encoder market is sub-segmented into automotive, electronics, textile & printing machinery and others.

A detailed analysis has been provided for every segment in terms of the market size analysis for the encoder market across different regions. This section also provides a detailed analysis of the key trends.

The next section contains a detailed analysis of the encoder market across various countries in the region. It provides a market outlook for 2018–2027 and sets the forecast within the context of the encoder market, which includes latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses the degrees at which the drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the encoder market across various regions globally for the period 2018 –2027. We have considered 2017 as the base year and provided data for the remaining 12 months.

To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the encoder market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on technology trends.

As previously highlighted, the global encoder market is split into a number of segments. All the segments in terms of type, vertical and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global encoder market.

In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global encoder market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the encoder market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the encoder supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. The detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the encoder market. Some of the key competitors covered in the report are Omron Corporation, Honeywell International, Schneider Electric, Rockwell Automation, Panasonic Corporation, Baumer Group, BEI Sensors, Dynapar Corp, FAULHABER Drive Systems, Pepperl+Fuchs, Hengstler GmbH and Maxon Motor.

Key Segments

  • By Type

    • Linear Encoder

    • Rotary Encoder

  • By Vertical

    • Automotive

    • Electronics

    • Textile & Printing Machinery

    • Others

Key Regions

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • U.K.

    • France

    • Spain

    • Russia

    • Rest of Europe

  • APEJ

    • China

    • India

    • Malaysia

    • Singapore

    • Australia

    • Rest of APEJ

  • Japan

  • MEA

    • GCC Countries

    • Israel

    • South Africa

    • Rest of MEA

Key Companies

Omron Corporation, Honeywell International, Schneider Electric, Rockwell Automation, Panasonic Corporation, Baumer Group, BEI Sensors, Dynapar Corp, FAULHABER Drive Systems, Pepperl+Fuchs, Hengstler GmbH and Maxon Motor.

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