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Optical Encoder Market

Market Insights on Optical Encoder covering sales outlook, demand forecast & up-to-date key trends

Optical Encoder Market By Configuration (Shafted Optical Encoder, Hollow-Shaft Optical Encoder, Absolute Optical Encoder, Multi-turn Optical Encoder), Output Signal Format (Analog, Digital) & Region - Forecast 2022 - 2029

Optical Encoder Market Overview

[300 Pages Report] The optical encoder market revenue totaled ~US$ 2,333.4 Mn in 2021. The optical encoder market is projected to reach ~US$ 4,851.9 Mn by 2029, growing at a CAGR of 9.7% for 2022 – 29. Optical encoder market is nearly 45.0% of encoders market.

2022 Market Value

US$ 2,536.8 Mn

2029 Market Value

US$ 4,851.9 Mn

CAGR% (2022-2029)

9.7%

Share of Top 5 Players

22%

The optical encoder market growth will continue to accelerate due to the continuous developments in optical technologies. The growth of optical encoder market is driven by factors such as increasing use of advanced signal processing algorithm, growing need for condition monitoring in the automation industry, rapid adoption of absolute optical encoders and shafted optical encoders in robotics.

Moreover, increasing demand for excellent assertion in Surface Mount Technology (SMT) placement processes and growing adoption of advanced motion control systems, would also drive the demand for optical encoders.

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How The Market Progressed Till June 2022?

Market Statistics

Details

H1,2021 (A)

8.2%

H1,2022 Projected (P)

8.7%

H1,2022 Outlook (O)

8.5%

BPS Change : H1,2022 (O) - H1,2022 (P)

(-) 20 ↓

BPS Change : H1,2022 (O) - H1,2021 (A)

(+) 30 ↑

As per FMI analysis, the BPS change for optical encoder market in H1, 2022 - outlook over H1, 2022 projected reflects a decline of 20-unit. The key reason hindering the growth of optical encoder market is significant security concerns. These encoders are sophisticated electronic devices that demand skillful handling. Also, covid 19 severely affected the optical encoder production due to decline in exports and the supply chain interruptions.

In addition, when compared to H1-2021, the market is anticipated to grow by 30 points in H1-2022. There is a growing need for improved resolution and accuracy in optical and magnetic technologies. The trend is being driven by the increasing demand for accurate and effective motor control. Rising use of cutting-edge motion control systems is anticipated to fuel market expansion for optical encoders.

2014-2021 Optical Encoder Market Demand Outlook Compared to 2022-2029 Forecast

An optical encoder is an electromechanical device which has an electrical output in digital form proportional to the angular position of the input shaft. Optical encoders enable an angular displacement to be converted directly into a digital form. An optical encoder is an angular position sensor.

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The optical encoder market demand is estimated to rise at 9.7% CAGR between 2022 and 2029 in comparison with 7.1% CAGR registered during 2014-2021. The global optical encoder market is anticipated to witness an increase in revenue from ~US$ 2,536.8 Mn in 2022 to ~US$ 4,851.9 Mn by 2029.

Increasing Demand for Enhanced Resolution and Accuracy for Optical Technologies

Demand for enhanced resolution and accuracy for optical and magnetic technologies is increasing. The trend is driven by the growing need for efficient and precise control of motors. Generally, manufacturers of encoders get higher resolution through interpolation techniques.

However, to reduce costs and maximize performance, these manufacturers are integrating interpolation into ASICs (application-specific integrated circuit) and smart sensors. For instance, US Digital – a U.S.-based manufacturer of motion control products, introduced its new line of miniature optical encoders, E4T and S4T. These products utilize incorporated integration of the company’s proprietary OptoASIC.

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Country-wise Insights

How big is the Opportunity for Adoption of Optical Encoder in U.K?

U.K. is predicted to remain one of the most attractive markets during the forecast period. According to the study, the country is expected to witness an impressive CAGR of 23.4% by 2029.

The demand for high quality assurance in the Surface Mount Technology (SMT) processes is increasing in the country owing to increasing electronic product complexity. This increasing implementation of advanced absolute encoders by SMT placement equipment manufacturers is driving growth of the market. Consumer electronics and healthcare sector are acknowledging the improved reproducibility and increased productivity enabled by optical encoder solution. Also, due to expansion of healthcare sector in the country, industries are continuously deploying encoder products. Due to such factors, the market of optical encoder will see many opportunities in the country.

Why is Demand for Optical Encoder Increasing in U.S.?

The optical encoder demand in the U.S. is expected to account for 86.2% market share of North America through 2029. U.S. is anticipated to grow in upcoming years as the country is a huge market for optical encoder.

The adoption of optical encoder in the country for portable medical device has increased as manufacturers offer cost-effective products having high precision, smaller size, lower weight and lower power consumption in order to sustain in the health care devices industry. The key factor for driving the optical encoder market in U.S. is the presence of major industry players. Enterprises in the country are investing heavily on numerous initiatives to accelerate advancements in their robotic process automation. Such factors are contributing to growth of optical encoder market in U.S.

How will the Sales Prospects for Optical Encoder unfold in India?

The sales in India is estimated to increase at a CAGR of 17.8% CAGR by 2029. The optical encoder market is rapidly evolving with new technologies and methodologies in India.

India is creating an array of opportunities for the optical encoder as significant growth is witnessed in industries such as industrial automation, automotive and consumer electronics. Due to this reason the manufacturers in the country are adopting new techniques in manufacturing to reduce cost, save time and improve product quality for encoders. Also, economic growth of India is complemented by the declining prices of software, hardware, and other related components. These factors propel the demand for encoders in these industries in India.

Category-wise Insights

What’s the Market Share of Robotics Equipment Segment in Optical Encoder Market?

The robotics equipment segment is expected to account for 20.5% market share by the end of 2029.

The adoption of optical encoder is increasing in robotics as it is capable of providing unique position value from the moment it is switched on. It helps to ensure efficiency of robots and its movement after it has undergone power failure. Additionally, maintenance and increased interaction with humans during operations require optical encoders, which are certified for functional safety. These certifications mandate adoption of meticulous design methodologies, thereby making the provision of safety solutions without increasing system costs.

Why is the demand for Incremental Optical Encoder Increasing?

The incremental optical encoder segment is expected to showcase a strong CAGR of 8.1% during the forecast period.

Presently, a major proportion of position encoding applications deploy absolute or incremental rotational encoders. ‘Signal on demand’ in hybrid absolute or incremental rotational encoders is increasingly gaining popularity for application in various industries. This is expected to create business opportunities for integrated multidimensional position encoders. Focusing on development of hybrid absolute and incremental encoders to enable a ‘signal on demand’ read-out such as with fast incremental/absolute read-out up to 14 bits can create potential business opportunities for encoders manufacturers in the near future.

How will Increasing adoption of Optical encoder in Consumer Electronics Support Market Growth?

With around 30.2% revenue share of the optical encoder market attained in 2021, consumer electronics segment will continue to gain traction.

A major growth driver of the global optical encoder market is the increasing number of orders placed for advanced and expanding applications in consumer electronics along with transition of traditional and manual controls to state-of-art automation. There is growing demand for improved automated controls for consumer electronics applications to improve performance, reduce costs, improve productivity etc. Further aiding this growth is the introduction of additional features such as advanced diagnostic capabilities.

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Competitive Landscape

Many key players are inclined at investing heavily in innovation, research, and development practices to uncover increased applications of optical encoder. With the use of technology, vendors are also focusing on strategic partnerships and collaborations, new product developments and business expansion to capture huge customer base.

  • For instance, in October 2019, Honeywell international introduced a new smart hearing solution to monitor sound in real time and analyze patterns to help companies better protect workers from noise-induced hearing loss.
  • For instance, In June 2019, Sensata Technologies at Paris Airshow introduced its Aerospace solutions which includes pressure sensors, temperature sensors, aircraft circuit breakers, position sensors (LVDTs/RVDTs), and flight controls in addition to hermetic thermostats, position switches and pressure switches.

Scope of Report

Attribute

Details

Market value in 2022

US$ 2,536.8 Mn

Market CAGR 2022 to 2029

9.7%

Share of top 5 players

Around 22%

Forecast Period

2022-2029

Historical Data Available for

2014-2021

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa

Key Countries Covered

US, Canada, Germany, France, Italy, Spain, U.K., India, Australia, New Zealand, China, Japan, India, Australia & New Zealand, GCC Countries and South Africa

Key Segments Covered

Configuration, Output Signal Format, Application and Region

Key Companies Profiled

  • Honeywell International
  • Rockwell International
  • Renishaw PLC
  • Allied Motion Technologies
  • Sensata Technologies
  • US Digital
  • Bourns Inc.,
  • Dynapar(Danaher Corporation)
  • GrayHill
  • CodeChamp

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Optical Encoder Market Outlook by Category

By Configuration :

  • Shafted Optical Encoder
  • Hollow-Shaft Optical Encoder
  • Absolute Optical Encoder
  • Multi-turn Optical Encoder
  • Incremental Optical Encoder

By Output Signal Format :

  • Analog Optical Encoder
  • Digital Optical Encoder

By Application :

  • Healthcare Equipment
  • Consumer Electronics and Semiconductor Manufacturing Equipment
  • Robotics Equipment
  • Test & Measurement Equipment
  • Others

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

Frequently Asked Questions

Middle East and Africa is projected to register strong growth in the market, exhibiting a CAGR of 15.0% during the forecast period. However, North America currently leads the global market, with market share of around 24.7% in 2022.

Some of the leading companies in this landscape are Honeywell International, Rockwell International, Renishaw PLC, Allied Motion Technologies, Sensata Technologies among others. Nearly 30%-40% of the market share is currently covered by the top 10 players.

The optical encoder market was valued at ~US$ 2,333.4 Mn in 2021, and is estimated to grow at a CAGR of 9.7% to reach ~US$ 4,851.9 Mn in 2029.

The optical encoder market is expected to total ~US$ 2,536.8 Mn by the end of 2022, and is likely to reach ~US$ 4,851.9 Mn by 2029.

The market in last 8 years (2014 – 2021) grew by a CAGR of 7.1%.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Pricing Analysis

    4.1. Pricing Analysis By Configuration

    4.2. Pricing Break-up

        4.2.1. Manufacturer Level Pricing

        4.2.2. Distributor Level Pricing

5. Global Optical Encoder Market Volume Analysis 2014-2021 and Forecast, 2022-2029

    5.1. Historical Market Volume (Units) Analysis, 2014-2021

    5.2. Current and Future Market Volume (Units) Projections, 2022-2029

    5.3. Y-o-Y Growth Trend Analysis

6. Global Optical Encoder Market Demand (in Value or Size in US$ Mn) Analysis 2014-2021 and Forecast, 2022-2029

    6.1. Historical Market Value (US$ Mn) Analysis, 2014-2021

    6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2029

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Market Background

    7.1. Macro-Economic Factors

    7.2. Forecast Factors - Relevance & Impact

    7.3. Value Chain Analysis 

    7.4. Market Dynamics

        7.4.1. Drivers

        7.4.2. Restraints

        7.4.3. Opportunity Analysis

8. Global Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029, by Configuration 

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Configuration, 2014 - 2021

    8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Configuration, 2022 - 2029

        8.3.1. Shafted

        8.3.2. Hollow-Shaft

        8.3.3. Absolute

        8.3.4. Multi-Turn

        8.3.5. Incremental

    8.4. Market Attractiveness Analysis By Configuration 

9. Global Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029, by Output Signal Format

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Output Signal Format, 2014 - 2021

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Output Signal Format, 2022 - 2029

        9.3.1. Analog 

        9.3.2. Digital 

    9.4. Market Attractiveness Analysis By Output Signal Format

10. Global Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029, by Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2014 - 2021

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2022 - 2029

        10.3.1. Healthcare Equipment

        10.3.2. Consumer Electronics & Semiconductor Manufacturing Equipment

        10.3.3. Robotics Equipment

        10.3.4. Test & Measurement Equipment

        10.3.5. Others

    10.4. Market Attractiveness Analysis By Application

11. Global Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014 - 2021

    11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022 - 2029

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Western Europe

        11.3.4. Eastern Europe 

        11.3.5. Asia Pacific excluding Japan

        11.3.6. Japan

        11.3.7. Middle East & Africa

    11.4. Market Attractiveness Analysis By Region

12. North America Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        12.3.1.  By Country

            12.3.1.1. U.S.

            12.3.1.2. Canada

        12.3.2. By Configuration

        12.3.3. By Output Signal Format

        12.3.4. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Configuration

        12.4.3. By Output Signal Format

        12.4.4. By Application

    12.5. Market Trends

    12.6. Drivers and Restraints - Impact Analysis

13. Latin America Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        13.3.1.  By Country

            13.3.1.1. Brazil

            13.3.1.2. Mexico

            13.3.1.3. Rest of Latin America

        13.3.2. By Configuration

        13.3.3. By Output Signal Format

        13.3.4. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Configuration

        13.4.3. By Output Signal Format

        13.4.4. By Application

    13.5. Market Trends

    13.6. Drivers and Restraints - Impact Analysis

14. Western Europe Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        14.3.1.  By Country

            14.3.1.1. Germany

            14.3.1.2. Italy

            14.3.1.3. France

            14.3.1.4. U.K.

            14.3.1.5. Spain

            14.3.1.6. BENELUX

            14.3.1.7. Rest of Europe

        14.3.2. By Configuration

        14.3.3. By Output Signal Format

        14.3.4. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Configuration

        14.4.3. By Output Signal Format

        14.4.4. By Application

    14.5. Market Trends

    14.6. Drivers and Restraints - Impact Analysis

15. Eastern Europe Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        15.3.1. By Country

            15.3.1.1. Russia 

            15.3.1.2. Poland 

            15.3.1.3. Rest of Eastern Europe 

        15.3.2. By Configuration

        15.3.3. By Output Signal Format

        15.3.4. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Configuration

        15.4.3. By Output Signal Format

        15.4.4. By Application

    15.5. Market Trends

    15.6. Drivers and Restraints - Impact Analysis

16. Asia Pacific excluding Japan Optical Encoder  Market Analysis 2014-2021 and Forecast 2022-2029

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        16.3.1. By Country

            16.3.1.1. China 

            16.3.1.2. India

            16.3.1.3. ASEAN 

            16.3.1.4. Australia & New Zealand 

            16.3.1.5. Rest of Asia Pacific excluding Japan

        16.3.2. By Configuration

        16.3.3. By Output Signal Format

        16.3.4. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Configuration

        16.4.3. By Output Signal Format

        16.4.4. By Application

    16.5. Market Trends

    16.6. Drivers and Restraints - Impact Analysis

17. Japan Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        17.3.1. By Configuration

        17.3.2. By Output Signal Format

        17.3.3. By Application

    17.4. Market Attractiveness Analysis

        17.4.1. By Configuration

        17.4.2. By Output Signal Format

        17.4.3. By Application

    17.5. Market Trends

    17.6. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Optical Encoder Market Analysis 2014-2021 and Forecast 2022-2029

    18.1. Introduction

    18.2. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2021

    18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2029

        18.3.1. By Country

            18.3.1.1. GCC Countries

            18.3.1.2. Turkey

            18.3.1.3. Northern Africa

            18.3.1.4. South Africa

            18.3.1.5. Rest of Middle East and Africa

        18.3.2. By Configuration

        18.3.3. By Output Signal Format

        18.3.4. By Application

    18.4. Market Attractiveness Analysis

        18.4.1. By Country

        18.4.2. By Configuration

        18.4.3. By Output Signal Format

        18.4.4. By Application

    18.5. Market Trends

    18.6. Drivers and Restraints - Impact Analysis

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies (Optical Encoder)

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

        19.4.2. Product foot print by Players

        19.4.3. Channel Foot Print by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Pricing Analysis by Competition

    20.3. Competition Benchmarking

    20.4. Competition Deep Dive 

        20.4.1. Honeywell International

            20.4.1.1. Overview

            20.4.1.2. Product Portfolio

            20.4.1.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.1.4. Sales Footprint

            20.4.1.5. Strategy Overview

                20.4.1.5.1. Marketing Strategy

                20.4.1.5.2. Product Strategy

                20.4.1.5.3. Channel Strategy

        20.4.2. Rockwell International

            20.4.2.1. Overview

            20.4.2.2. Product Portfolio

            20.4.2.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.2.4. Sales Footprint

            20.4.2.5. Strategy Overview

                20.4.2.5.1. Marketing Strategy

                20.4.2.5.2. Product Strategy

                20.4.2.5.3. Channel Strategy

        20.4.3. Renishaw PLC

            20.4.3.1. Overview

            20.4.3.2. Product Portfolio

            20.4.3.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.3.4. Sales Footprint

            20.4.3.5. Strategy Overview

                20.4.3.5.1. Marketing Strategy

                20.4.3.5.2. Product Strategy

                20.4.3.5.3. Channel Strategy

        20.4.4. Allied Motion Technologies

            20.4.4.1. Overview

            20.4.4.2. Product Portfolio

            20.4.4.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.4.4. Sales Footprint

            20.4.4.5. Strategy Overview

                20.4.4.5.1. Marketing Strategy

                20.4.4.5.2. Product Strategy

                20.4.4.5.3. Channel Strategy

        20.4.5. Sensata Technologies

            20.4.5.1. Overview

            20.4.5.2. Product Portfolio

            20.4.5.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.5.4. Sales Footprint

            20.4.5.5. Strategy Overview

                20.4.5.5.1. Marketing Strategy

                20.4.5.5.2. Product Strategy

                20.4.5.5.3. Channel Strategy

        20.4.6. US Digital

            20.4.6.1. Overview

            20.4.6.2. Product Portfolio

            20.4.6.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.6.4. Sales Footprint

            20.4.6.5. Strategy Overview

                20.4.6.5.1. Marketing Strategy

                20.4.6.5.2. Product Strategy

                20.4.6.5.3. Channel Strategy

        20.4.7. Bourns Inc.,

            20.4.7.1. Overview

            20.4.7.2. Product Portfolio

            20.4.7.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.7.4. Sales Footprint

            20.4.7.5. Strategy Overview

                20.4.7.5.1. Marketing Strategy

                20.4.7.5.2. Product Strategy

                20.4.7.5.3. Channel Strategy

        20.4.8. Dynapar (Danaher Corporation)

            20.4.8.1. Overview

            20.4.8.2. Product Portfolio

            20.4.8.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.8.4. Sales Footprint

            20.4.8.5. Strategy Overview

                20.4.8.5.1. Marketing Strategy

                20.4.8.5.2. Product Strategy

                20.4.8.5.3. Channel Strategy

        20.4.9. GrayHill

            20.4.9.1. Overview

            20.4.9.2. Product Portfolio

            20.4.9.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.9.4. Sales Footprint

            20.4.9.5. Strategy Overview

                20.4.9.5.1. Marketing Strategy

                20.4.9.5.2. Product Strategy

                20.4.9.5.3. Channel Strategy

        20.4.10. CodeChamp

            20.4.10.1. Overview

            20.4.10.2. Product Portfolio

            20.4.10.3. Profitability by Market Segments (Product/Channel/Region)

            20.4.10.4. Sales Footprint

            20.4.10.5. Strategy Overview

                20.4.10.5.1. Marketing Strategy

                20.4.10.5.2. Product Strategy

                20.4.10.5.3. Channel Strategy

21. Assumptions and Acronyms Used

22. Research Methodology

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List of Tables

Table 01: Global Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 

Table 02: Global Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 03: Global Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 04: Global Optical Encoder Market Size (US$ Mn) Forecast by Region, 2014–2029

Table 05: North America Optical Encoder Market Size (US$ Mn) Forecast by Country, 2014–2029

Table 06: North America Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 

Table 07: North America Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 08: North America Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 09: Latin America Optical Encoder Market Size (US$ Mn) Forecast by Country, 2014–2029

Table 10: Latin America Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029  

Table 11: Latin America Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 12: Latin America Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 13: Western Europe Optical Encoder Market Size (US$ Mn) Forecast by Country, 2014–2029

Table 14: Western Europe Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 

Table 15: Western Europe Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 16: Western Europe Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 17: Eastern Europe Optical Encoder Market Size (US$ Mn) Forecast by Country, 2014–2029

Table 18: Eastern Europe Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 

Table 19: Eastern Europe Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 20: Eastern Europe Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 21: Asia Pacific excluding Japan Optical Encoder Market Size (US$ Mn) Forecast by Country, 2014–2029

Table 22: Asia Pacific excluding Japan Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 (1/2) 

Table 22: Asia Pacific excluding Japan Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 (2/2) 

Table 23: Asia Pacific excluding Japan Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 24: Asia Pacific excluding Japan Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 25: Japan Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 

Table 26: Japan Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 27: Japan Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

Table 28: Middle East & Africa Optical Encoder Market Size (US$ Mn) Forecast by Country, 2014–2029

Table 29: Middle East & Africa Optical Encoder Market Size (US$ Mn) Forecast by Configuration, 2014–2029 

Table 30: Middle East & Africa Optical Encoder Market Size (US$ Mn) Forecast by Output Signal Format, 2014–2029

Table 31: Middle East & Africa Optical Encoder Market Size (US$ Mn) Forecast by Application, 2014–2029

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List of Charts

Figure 01: Global Optical Encoder Market Absolute $ Opportunity Analysis, 2022-2029

Figure 02: Global Optical Encoder Market Size and Y-o-Y Growth Rate From 2022-2029

Figure 03: Global Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 04: Global Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 05: Global Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 06: Global Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 07: Global Optical Encoder Market: Market Attractiveness by Configuration 

Figure 08: Global Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 09: Global Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 10: Global Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 11: Global Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 12: Global Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 13: Global Optical Encoder Market: Market Attractiveness by Application 

Figure 14: Global Optical Encoder Market: BPS Analysis by Region – 2022 & 2029

Figure 15: Global Optical Encoder Market: Y-o-Y Growth Comparison by Region, 2022–2029

Figure 16: Global Optical Encoder Market: Market Attractiveness by Region

Figure 17: North America Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 18: Latin America Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 19: Western Europe Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 20: Eastern Europe Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 21: Asia Pacific excluding Japan Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 22: Japan Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 23: Middle East and Africa Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 24: North America Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 25: North America Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 26: North America Optical Encoder Market: BPS Analysis by Country – 2022 & 2029

Figure 27: North America Optical Encoder Market: Y-o-Y Growth Comparison by Country, 2022–2029

Figure 28: North America Optical Encoder Market: Market Attractiveness by Country

Figure 29: U.S. Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 30: Canada Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 31: North America Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 32: North America Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 33: North America Optical Encoder Market: Market Attractiveness by Configuration 

Figure 34: North America Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 35: North America Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 36: North America Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 37: North America Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 38: North America Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 39: North America Optical Encoder Market: Market Attractiveness by Application 

Figure 40: Latin America Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 41: Latin America Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 42: Latin America Optical Encoder Market: BPS Analysis by Country – 2022 & 2029

Figure 43: Latin America Optical Encoder Market: Y-o-Y Growth Comparison by Country, 2022–2029

Figure 44: Latin America Optical Encoder Market: Market Attractiveness by Country

Figure 45: Brazil Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 46: Mexico Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 47: Rest of Latin America Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 48: Latin America Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 49: Latin America Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 50: Latin America Optical Encoder Market: Market Attractiveness by Configuration 

Figure 51: Latin America Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 52: Latin America Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 53: Latin America Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 54: Latin America Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 55: Latin America Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 56: Latin America Optical Encoder Market: Market Attractiveness by Application 

Figure 57: Western Europe Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 58: Western Europe Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 59: Western Europe Optical Encoder Market: BPS Analysis by Country – 2022 & 2029

Figure 60: Western Europe Optical Encoder Market: Y-o-Y Growth Comparison by Country, 2022–2029

Figure 61: Western Europe Optical Encoder Market: Market Attractiveness by Country

Figure 62: Germany Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 63: U.K. Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 64: France Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 65: BENELUX Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 66: NORDIC Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 67: Spain Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 68: Italy Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 69: Rest of Western Europe Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 70: Western Europe Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 71: Western Europe Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 72: Western Europe Optical Encoder Market: Market Attractiveness by Configuration 

Figure 73: Western Europe Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 74: Western Europe Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 75: Western Europe Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 76: Western Europe Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 77: Western Europe Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 78: Western Europe Optical Encoder Market: Market Attractiveness by Application 

Figure 79: Eastern Europe Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 80: Eastern Europe Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 81: Eastern Europe Optical Encoder Market: BPS Analysis by Country – 2022 & 2029

Figure 82: Eastern Europe Optical Encoder Market: Y-o-Y Growth Comparison by Country, 2022–2029

Figure 83: Eastern Europe Optical Encoder Market: Market Attractiveness by Country

Figure 84: Russia Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 85: Poland Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 86: Rest of Eastern Europe Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 87: Eastern Europe Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 88: Eastern Europe Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 89: Eastern Europe Optical Encoder Market: Market Attractiveness by Configuration 

Figure 90: Eastern Europe Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 91: Eastern Europe Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 92: Eastern Europe Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 93: Eastern Europe Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 94: Eastern Europe Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 95: Eastern Europe Optical Encoder Market: Market Attractiveness by Application 

Figure 96: Asia Pacific excluding Japan Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 97: Asia Pacific excluding Japan Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 98: Asia Pacific excluding Japan Optical Encoder Market: BPS Analysis by Country – 2022 & 2029

Figure 99: Asia Pacific excluding Japan Optical Encoder Market: Y-o-Y Growth Comparison by Country, 2022–2029

Figure 100: Asia Pacific excluding Japan Optical Encoder Market: Market Attractiveness by Country

Figure 101: China Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 102: India Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 103: ASEAN Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 104: Australia & New Zealand Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 105: Rest of Asia Pacific excluding Japan Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 106: Asia Pacific excluding Japan Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 107: Asia Pacific excluding Japan Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 108: Asia Pacific excluding Japan Optical Encoder Market: Market Attractiveness by Configuration 

Figure 109: Asia Pacific excluding Japan Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 110: Asia Pacific excluding Japan Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 111: Asia Pacific excluding Japan Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 112: Asia Pacific excluding Japan Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 113: Asia Pacific excluding Japan Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 114: Asia Pacific excluding Japan Optical Encoder Market: Market Attractiveness by Application 

Figure 115: Japan Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 116: Japan Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 117: Japan Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 118: Japan Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 119: Japan Optical Encoder Market: Market Attractiveness by Configuration 

Figure 120: Japan Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 121: Japan Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 122: Japan Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 123: Japan Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 124: Japan Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 125: Japan Optical Encoder Market: Market Attractiveness by Application 

Figure 126: Middle East & Africa Optical Encoder Market Value (US$ Mn), 2014-2021

Figure 127: Middle East & Africa Optical Encoder Market Value (US$ Mn), 2022-2029

Figure 128: Middle East & Africa Optical Encoder Market: BPS Analysis by Country – 2022 & 2029

Figure 129: Middle East & Africa Optical Encoder Market: Y-o-Y Growth Comparison by Country, 2022–2029

Figure 130: Middle East & Africa Optical Encoder Market: Market Attractiveness by Country

Figure 131: GCC Countries Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 132: North Africa Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 133: South Africa Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 134: Turkey Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 135: Rest of MEA Optical Encoder Market Absolute $ Opportunity (US$ Mn), 2014 – 2029

Figure 136: Middle East & Africa Optical Encoder Market: BPS Analysis by Configuration – 2022 & 2029

Figure 137: Middle East & Africa Optical Encoder Market: Y-o-Y Growth Comparison by Configuration, 2022–2029

Figure 138: Middle East & Africa Optical Encoder Market: Market Attractiveness by Configuration 

Figure 139: Middle East & Africa Optical Encoder Market: BPS Analysis by Output Signal Format– 2022 & 2029

Figure 140: Middle East & Africa Optical Encoder Market: Y-o-Y Growth Comparison by Output Signal Format, 2022–2029

Figure 141: Middle East & Africa Optical Encoder Market: Market Attractiveness by Output Signal Format

Figure 142: Middle East & Africa Optical Encoder Market: BPS Analysis by Application – 2022 & 2029

Figure 143: Middle East & Africa Optical Encoder Market: Y-o-Y Growth Comparison by Application, 2022–2029

Figure 144: Middle East & Africa Optical Encoder Market: Market Attractiveness by Application

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