Press Release

Encoder Market to Reach $ 2.4 Billion by 2025

Growing demand for advanced automation equipment and emerging need for accuracy in industrial sector are some key factors driving global encoder market

According to TechSci Research report, “Global Encoder Market By Type, By Technology, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025”, the global encoder market is projected to grow from around $ 1.6 billion in 2019 to $ 2.4 billion by 2025 due to increasing industrialization & automation across various industries, globally. The use of industrial robots in various manufacturing industries across the globe will drastically change the market for encoders. The encoder market, in terms of type, is categorized into rotary & linear, with the rotary encoder segment expected to dominate the market during the forecast period due to their widespread adoption in industrial and commercial designs on account of their durability and excellent performance.

In terms of technology, the encoder market is categorized into optical, magnetic, and others. Among them, the optical technology encoder segment is anticipated to witness the fastest growth and continue its dominance until 2025 as they are being widely used in automation in the industrial, textile, paper, rubber, plastic, wood, metal, and consumer electronics industries. Nevertheless, the magnetic segment is also expected grow as it is cost effective as compared to optical.

Browse 125 market data Figures spread through 110 Pages and an in-depth TOC on "Global Encoder Market"

In terms of end-user industry, the global encoder market can be categorized into industrial, consumer electronics, textiles, automobile, packaging, food & beverages, & others. The industrial end user segment is expected to dominate the market due to rapidly increasing adoption of emerging technologies such as robotics, drones, automation & smart manufacturing. However, the spread of COVID-19 pandemic and its huge economic impact across the globe poses a major challenge for the market players operating in the global encoder market.

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Some of the major players operating in the global encoder market include Omron Automation, Rockwell Automation, Sensata Technologies, Baumer Group, Dynapar Corporation, Faulhader Group, Posital-Fraba Inc., Heidenhain GmbH, Heidenhain GmbH, Elco Industrie Automation GmbH and Maxon Motor Ag. “Rising industrial automation & adoption of robots in manufacturing industries is anticipated to propel the global encoder market in the coming years. With the use of latest technology such as last-mile delivery service robots and high end automated drones, the global encoder market is expected to witness decent growth over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Encoder Market By Type, By Technology, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025 has analyzed the potential of encoder market across the globe, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the global encoder market.



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