Optical Encoder Market: Rising Application in Healthcare Equipment to Fuel Growth: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • Published: 2016-07-27
  • Report Code: REP-GB-1721

An Incisive, In-depth Analysis on the Optical Encoder Market

This study offers a comprehensive, 360 degree analysis on the Optical Encoder market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Optical 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 optical encoder is an electromechanical device with mechanical input and electrical output. It provides multiple digital signals proportional to angular displacement of the input shaft. Optical encoders are commonly used in motion control systems to control and monitor speed, position, count and direction of components and machinery and equipment where it is installed. Optical encoder operation has no effect on the magnetic field and can be used in both stable, and unstable environments. 

Optical Encoder Market: Key Drivers

Rising adoption of advanced motion control systems, need for more enhanced automation and increasing demand for high quality assurance in surface mount technology (SMT) placement processes are driving growth of the optical encoders market globally. Advanced motion control systems are increasingly being adopted in various sectors, including construction machinery, offshore equipment, military & aerospace equipment, automotive and alternative energy systems. Also, there is growing demand for improved automated controls for industrial applications to improve performance, reduce costs and improve productivity.

The global optical encoder market was valued at US$ 1.4 Bn with market volume of 7.5 Mn units in 2015, which is expected to expand at a CAGR of 8.7 % (by value) and 19.9% (by volume) during the forecast period (2016–2026). Increasing deployment of advanced absolute encoders by SMT placement equipment manufacturers is expected to be a factor driving growth of the global optical encoders market during the forecast period.

The global optical encoder market is classified on the basis of configuration, output signal format, end user, application and region. On the basis of configuration, the market is segmented into incremental, shafted, hollow shaft, absolute single turn and multi-turn.

Optical Encoder Market Segmentation

On the basis of output signal format, the market is segmented into analog and digital.

On the basis of end user, the market is segmented into IT & telecommunication industry, public sector, manufacturing industry and others. Manufacturing industry is further sub-segmented into automobile industry, space and aviation industry, instrumentation, test & measurement equipment industry, consumer electronics industry and rest of manufacturing industry.

On the basis of application, the market is segmented into healthcare equipment, assembly and robotics equipment, consumer electronics & semiconductor manufacturing equipment and metalworking equipment.              

Region-wise Analysis on Global Optical Encoder Market

Among regions, North America market held largest revenue share of the global optical encoder market at US$ 366.5 Mn with market volume of 2.0 Mn units in 2015. Robustly competitive manufacturing sector along with industry leaders and policymakers adopting new and advanced technologies to enhance productivity are factors expected to drive market growth in the region.

Asia Pacific market is anticipated to witness substantial expansion at a CAGR of 8.8% during the forecast period, as increasing demand for fibre optic communication in countries such as India, South Korea, China, Singapore and Malaysia due to increasing adoption of smart devices and smart city incentives is spurring growth of the global optical encoder market during the forecast period.

optical encoder market

Optical Encoder Market: Competitive Landscape

Some key players covered in the global optical encoder market report include GrayHill Inc., US Digital, Codechamp SA, Bourns Inc., Rockwell Automation Inc. (Allen-Bradley), Honeywell International Inc., Renishaw PLC, Allied Motion Technologies Inc., Sensata Technologies, Inc. (BEI Sensors) and Dynapar (Danaher Corporation).

Report Synopsis

Future Market Insights offers a 10-year forecast for the global optical encoder market between 2016 and 2026. The market is expected to register a CAGR of 8.7% and 19.9% in terms of value and volume respectively during the forecast period. The study demonstrates the market attractiveness, dynamics and trends in all seven regions, which influence the current nature and future status of the global optical encoder market over the forecast period.

Report Description

The research report provides a detailed analysis and identifies various factors driving demand for optical encoders across different verticals and industries globally. The report also analyses key industry drivers, restraints, market trends and market attractiveness of products across various regions, applications and industries. Key regions assessed in the report are North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan and Middle East & Africa.

Some of the drivers identified in the market include rising adoption of advanced motion control systems in various sectors, including construction machinery, offshore equipment, military & aerospace equipment, automotive and alternative energy systems. Also, growing demand for improved automated controls for industrial applications to reduce costs and improve performance has been identified as one of the major factors driving growth of the global optical encoder market. Increasing demand for enhanced resolution and accuracy for optical and magnetic technologies and shift towards absolute encoders across various applications in the automotive sector are prominent trends associated with the global optical encoder market.

The report starts with an overview of the global optical encoder market in terms of market value and volume, key trends, drivers and restraints that are expected to influence the current and future growth of the global optical encoder market over the forecast period. The report studies market opportunities to understand changes in terms of technology, industry needs and demand and offers insights and forecast in this regard.

The global optical encoder market is segmented on the basis of configuration, output signal format, end user, application and region. The report provides detailed analyses of each of these segments in terms of market value, market volume, market trends and market attractiveness to understand present scenario and individual segment’s relative contributions to market growth during forecast period 2016–2026.

In the final section of the report, a competitive landscape of the market is included to present readers with a dashboard view based on revenue share, growth strategy, product offerings and recent developments in the global optical encoder market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Key players covered in this report include GrayHill Inc., US Digital, Codechamp SA, Bourns Inc., Rockwell Automation Inc. (Allen-Bradley), Honeywell International Inc., Renishaw PLC, Allied Motion Technologies Inc., Sensata Technologies, Inc. (BEI Sensors) and Dynapar (Danaher Corporation). 

Research Methodology

In order to evaluate optical encoder market size, revenue generated by optical encoder manufacturers has been taken into consideration. Market estimates have been analyzed keeping in mind various factors such as technological, environmental, economical, legal and social. In order to provide accurate market forecast statistics, the current market was sized as it forms the basis of the optical encoder market performance during the forecast period. Given the characteristics of the market, we triangulated the outcome of three different types of processes namely secondary research, primary research and data from paid database. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes product literature of key players, annual reports, press releases and relevant documents, recent trade journals, related technical write-ups, Internet sources, trade associations, agencies and statistical data from government websites. This collated data from primary and secondary sources is then analyzed by the in-house research panel using market research statistical tools, which equates to the most appropriate methodology to provide a quality market research report.

Key Segments Covered:

  • By configuration
    • Incremental
    • Shafted
    • Hollow Shaft
    • Absolute Single Turn
    • Multi-turn
  • By Output signal format
    • Analog
    • Digital
  • By End User
    • IT & Telecommunication Industry
    • Public Sector
    • Manufacturing Industry
      • Automobile Industry
      • Space and Aviation Industry
      • Instrumentation, Test & Measurement Equipment Industry
      • Consumer Electronics Industry
      • Rest of Manufacturing Industry
    • Others
  • By Application
    • Healthcare Equipment
    • Assembly and Robotics Equipment
    • Consumer Electronics & Semiconductor Manufacturing Equipment
    • Metalworking Equipment
    • Test & Measurement Equipment
    • Communication System
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe
      • Germany
      • France
      • U.K.
      • Spain
      • Italy
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Poland
      • Rest of Eastern Europe
    • APEJ - Asia Pacific (excluding Japan)
      • China
      • India
      • Rest of APEJ
    • Japan
    • MEA - Middle East & Africa
      • North Africa
      • South Africa
      • GCC Countries
      • Rest of MEA

Optical Encoder Market Reports - Table of Contents

Optical Encoder Market Reports - List of Tables

Table 01: Global Optical Encoder Market Value (US$ Mn) Forecast, By Configuration, 2015–2026

Table 02: Global Optical Encoder Market Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 03: Global Optical Encoder Market Value (US$ Mn) Forecast, By Output Signal Format, 2015 - 2026

Table 04: Global Optical Encoder Market Volume ('000 Units) Forecast, By Output Signal Format, 2015 - 2026

Table 05: Global Optical Encoder Market Value (US$ Mn) Forecast, By End User, 2015 - 2026

Table 06: Global Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015 - 2026

Table 07: Global Optical Encoder Market Volume ('000 Units) Forecast, By End User, 2015 - 2026

Table 08: Global Optical Encoder Market Volume ('000 Units) Forecast, By Manufacturing End User, 2015 - 2026

Table 09: Global Optical Encoder Market Value (US$ Mn) Forecast, By Application, 2015 - 2026

Table 10: Global Optical Encoder Market Volume ('000 Units) Forecast, By Application, 2015 - 2026

Table 11: Global Optical Encoder Market Value (US$ Mn) Forecast, By Region, 2015 - 2026

Table 12: Global Optical Encoder Market Volume ('000 Units) Forecast, By Region, 2015 - 2026

Table 13: North America Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Country, 2015–2026

Table 14: North America Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 15: North America Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Output Signal Format, 2015–2026

Table 16: North America Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By End User, 2015–2026

Table 17: North America Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 18: North America Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Application, 2015–2026

Table 19: Latin America Optical Encoder Market Value (US$ Mn) & Volume ('000 Units) Forecast, By Country, 2015–2026

Table 20: Latin America Optical Encoder Market Value (US$ Mn) & Volume ('000 Units) Forecast, By Configuration, 2015–2026

Table 21: Latin America Optical Encoder Market Value (US$ Mn) & Volume ('000 Units) Forecast, By Output Signal Format, 2015–2026

Table 22: Latin America Optical Encoder Market Value (US$ Mn) & Volume ('000 Units) Forecast, By End User, 2015–2026

Table 23: Latin America Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 24: Latin America Optical Encoder Market Value (US$ Mn) & Volume ('000 Units) Forecast, By Application, 2015 - 2026

Table 25: Western Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Country, 2015–2026

Table 26: Western Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 27: Western Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Output Signal Format, 2015–2026

Table 28: Western Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By End User, 2015–2026

Table 29: Western Europe Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 30: Western Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Application, 2015–2026

Table 31: Eastern Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Country, 2015–2026

Table 32: Eastern Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 33: Eastern Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Output Signal Format, 2015–2026

Table 34: Eastern Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By End User, 2015–2026

Table 35: Eastern Europe Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 36: Eastern Europe Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Application, 2015–2026

Table 37: APEJ Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Country, 2015–2026

Table 38: APEJ Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 39: APEJ Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Output Signal Format, 2015–2026

Table 40: APEJ Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By End User, 2015–2026

Table 41: APEJ Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 42: APEJ Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Application, 2015–2026

Table 43: Japan Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 44: Japan Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Output Signal Format, 2015–2026

Table 45: Japan Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By End User, 2015–2026

Table 46: Japan Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 47: Japan Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Application, 2015–2026

Table 48: MEA Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Country, 2015–2026

Table 49: MEA Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Configuration, 2015–2026

Table 50: MEA Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Output Signal Format, 2015–2026

Table 51: MEA Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By End User, 2015–2026

Table 52: MEA Optical Encoder Market Value (US$ Mn) Forecast, By Manufacturing End User, 2015–2026

Table 53: MEA Optical Encoder Market Value (US$ Mn) & Volume (‘000 Units) Forecast, By Application, 2015–2026

Optical Encoder Market Reports - List of Figures

Figure 01: Global Optical Encoder Market Value (US$), 2016–2026

Figure 02: Global Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 03: Global Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 04: Global Optical Encoder Market Value Share (%) & BPS Analysis, By Configuration, 2016 & 2026

Figure 05: Global Optical Encoder Market Value Y-o-Y Growth Comparison, By Configuration, 2016–2026

Figure 06: Global Optical Encoder Market Volume Share (%) & BPS Analysis, By Configuration, 2016 & 2026

Figure 07: Global Optical Encoder Market Volume Y-o-Y Growth Comparison, By Configuration, 2016–2026

Figure 08: Global Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 09: Global Optical Encoder Market Value Share (%) & BPS Analysis, By Output Signal Format, 2016 & 2026

Figure 10: Global Optical Encoder Market Value Y-o-Y Growth Comparison, By Output Signal Format, 2016–2026

Figure 11: Global Optical Encoder Market Volume Share (%) & BPS Analysis, By Output Signal Format, 2016 & 2026

Figure 12: Global Optical Encoder Market Volume Y-o-Y Growth Comparison, By Output Signal Format, 2016–2026

Figure 13: Global Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 14: Global Optical Encoder Market Value Share (%) & BPS Analysis, By End User, 2016 & 2026

Figure 15: Global Optical Encoder Market Value Y-o-Y Growth Comparison, By End User, 2016–2026

Figure 16: Global Optical Encoder Market Volume Share (%) & BPS Analysis, By End User, 2016 & 2026

Figure 17: Global Optical Encoder Market Volume Y-o-Y Growth Comparison, By End User, 2016–2026

Figure 18: Global Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 19: Global Optical Encoder Market Value Share (%) & BPS Analysis, By Application, 2016 & 2026

Figure 20: Global Optical Encoder Market Value Y-o-Y Growth Comparison, By Application, 2016–2026

Figure 21: Global Optical Encoder Market Volume Share (%) & BPS Analysis, By Application, 2016 & 2026

Figure 22: Global Optical Encoder Market Volume Y-o-Y Growth Comparison, By Application, 2016–2026

Figure 23: Global Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 24: Global Optical Encoder Market Value Share (%) & BPS Analysis, By Region, 2016 & 2026

Figure 25: Global Optical Encoder Market Value Y-o-Y Growth Comparison, By Region, 2016–2026

Figure 26: Global Optical Encoder Market Volume Share (%) & BPS Analysis, By Region, 2016 & 2026

Figure 27: Global Optical Encoder Market Volume Y-o-Y Growth Comparison, By Region, 2016–2026

Figure 28: Global Optical Encoder Market Attractiveness Index, By Region, 2016–2026

Figure 29: North America Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 30: North America Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 31: North America Optical Encoder Market Value Share, By Country, 2016–2026

Figure 32: North America Optical Encoder Market Value Y-o-Y Growth Comparison, By Country, 2016–2026

Figure 33: North America Encoder Market Attractiveness Index, By Country, 2016–2026

Figure 34: North America Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 35: North America Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 36: North America Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 37: North America Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 38: Latin America Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 39: Latin America Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 40: Latin America Optical Encoder Market Value Share, By Country, 2016–2026

Figure 41: Latin America Optical Encoder Market Value Y-o-Y Growth Comparison, Country, 2016–2026

Figure 42: Latin America Encoder Market Attractiveness Index, By Country, 2016–2026

Figure 43: Latin America Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 44: Latin America Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 45: Latin America Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 46: Latin America Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 47: Western Europe Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 48: Western Europe Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 49: Western Europe Optical Encoder Market Value Share, By Country, 2016–2026

Figure 50: Western Europe Optical Encoder Market Value Y-o-Y Growth Comparison, By Country, 2016–2026

Figure 51: Western Europe Encoder Market Attractiveness Index, By Country, 2016–2026

Figure 52: Western Europe Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 53: Western Europe Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 54: Western Europe  Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 55: Western Europe Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 56: Eastern Europe Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 57: Eastern Europe Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 58: Eastern Europe Optical Encoder Market Value Share, By Country, 2016–2026

Figure 59: Eastern Europe Optical Encoder Market Value Y-o-Y Growth Comparison, By Country, 2016–2026

Figure 60: Eastern Europe Encoder Market Attractiveness Index, By Country, 2016–2026

Figure 61: Eastern Europe Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 62: Eastern Europe Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 63: Eastern Europe Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 64: Eastern Europe Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 65:APEJ Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 66: APEJ Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 67: APEJ Optical Encoder Market Value Share, By Country, 2016–2026

Figure 68: APEJ Optical Encoder Market Value Y-o-Y Growth Comparison, By Country, 2016–2026

Figure 69: Asia Pacific Encoder Market Attractiveness Index, By Country, 2016–2026

Figure 70: Asia Pacific Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 71: Asia Pacific Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 72: Asia Pacific Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 73: Asia Pacific Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 74: Japan Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 75: Japan Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 76: Japan Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 77: Japan Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 78: Japan Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 79: Japan Optical Encoder Market Attractiveness Index, By End User, 2016–2026

Figure 80: MEA Optical Encoder Market Value (US$) & Growth (%) Forecast, 2015–2026

Figure 81: MEA Optical Encoder Market volume (‘000 Units) & Growth (%) Forecast, 2015–2026

Figure 82: MEA Optical Encoder Market Value Share, By Country, 2016–2026

Figure 83: MEA Optical Encoder Market Value Y-o-Y Growth Comparison, By Country, 2016–2026

Figure 84: Middle East and Africa Encoder Market Attractiveness Index, By Country, 2016–2026

Figure 85: Middle East and Africa Optical Encoder Market Attractiveness Index, By Configuration, 2016–2026

Figure 86: Middle East and Africa Optical Encoder Market Attractiveness Index, By Output Signal Format, 2016–2026

Figure 87: Middle East and Africa Optical Encoder Market Attractiveness Index, By Application, 2016–2026

Figure 88: Middle East and Africa Optical Encoder Market Attractiveness Index, By End User, 2016–2026

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