India Encoder Market - Size, Growth and Forecast 2028

Summary

Report Description

India Encoder Market is anticipated to grow at a high CAGR in the forecast period 2024-2028. The inception of messaging applications, emails, and video calls have made end-users depend on smartphones or their personnel laptop and an encoder is a piece of hardware that can convert data into a code and then back to the original data. An encoder in computing converts a succession of types or an analog signal into a format that can be successfully stored and used by a driver. Mechanical, optical, magnetic, and electromagnetic induction encoders are the four types of encoders. To precisely spin the motor, four pieces of information are required: rotation amount, rotation speed, rotation direction, and rotation position. The encoder market in India is expanding steadily and is projected to continue in the next years. Increased demand from different end-use sectors such as automotive, healthcare, and manufacturing, as well as the growing popularity of Industry 4.0 and automation in these industries, are driving the market.

An encoder is a mechanical motion sensor that analyzes input, converts it into a code, and can reverse the code back to its original form. Because it is an electro-mechanical device, an encoder can provide information about position, velocity, and direction to users of motion control systems. Furthermore, the ability of encoders to offer real-time data is assisting businesses in improving operational speed, bringing precision to workflow, and simplifying process control. As a consequence, encoders' high productivity solutions will fuel market development through 2028. Linear encoders and rotary encoders use sensing technologies such as optical sensing encoders, magnetic sensing encoders, capacitive encoders, and inductive encoders in a variety of applications such as automotive, consumer electronics, industrial, and others. India Encoder Market is the most prospective industry for the future of the country, considering the scope of dynamic and continuously updating technology.

Adoption of Subscription Based Services is Driving the Market in the Forecast Period

Digital subscription services have the advantages of convenience factor and cost-saving, which have led to a rise in the use of several software services such as Salesforce, Cisco WebEx, SAP Concur, etc. Moreover, technologies are becoming a more prevalent choice for branch offices and other facilities, with a shortage of IT staff among large multinational corporations. Large enterprises with no data security concerns and the necessary infrastructure or resources, host subscription services within their firewall capabilities. Encoder applications do not have a license fee as they are subscription-based, which lowers the initial outlay. Furthermore, because the encoder provider manages the IT infrastructure, IT costs for hardware, software, and resources are significantly lower. Therefore, subscription services are driving the India Encoder Market.

Renewal in the Automotive Sector Fuels Growth

The rapid adoption of IoT, which uses encoders for various reasons, is expected to provide the automotive sector a significant portion of the global market.

The position or angular motion of the encoder blade is converted into digital code with the help of an encoder. One may find rotary encoders usein a variety of applications, including robotics, industrial controls, temperature control systems, computer input devices, and several user interfaces.

Encoder industry growth is supported by a robust robotics industry

Robots require precise motion control to execute complex tasks, such as assembly, welding, and inspection, and encoders play a crucial role in providing precise positioning feedback to the control system. As the robotics industry continues to grow, there will be an increasing demand for high-quality encoders that can accurately measure the position, speed, and direction of robotic movements. With the rapid advancement of encoder technology, there has been an increase in the accuracy and reliability of encoders. Encoders are now available in a wide range of designs, including rotary, linear, absolute, and incremental encoders, with various resolutions, accuracy levels, and output signals. This has made them more suitable for use in the demanding environments of robotics applications. A portion of the growth in the encoder industry can be attributed to the rising demand for and production of autonomous cars. Encoders are frequently used to improve the customer experience and hence promote market growth by providing real-time speed, rotational positioning data, and acceleration.

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Market Segments

The India Encoder market is segmented into Technology, Type, End User, Region and Competitive Landscape. Based on Technology, the market is segmented into Optical, Magnetic and Others. Based on Type, the market is divided into Rotary Encoder and Linear Encoder. Based on End User, the market is fragmented into Industrial, Consumer Electronics, Textiles, Automotive, Packaging, Food & Beverages, and Others.

Market Players

Major market players in the India Encoder Market are Baumer Holding AG, Sensata Technologies, Inc., Dr. Fritz Faulhaber GmbH & Co. KG, Posital-Fraba Inc Elco Industrie Automation GmbH , Dynapar Corporation, Rockwell Automation Inc, Omron Automation, Heidenhain GmbH, Maxon Motor Ag. To achieve good market growth, businesses that are active in the market employ organic tactics such as product launches, mergers, and partnerships.

Recent Development

· In October 2022, Rockwell Automation Inc. purchased CUBIC, a business that specializes in modular systems for building electrical panels. With this acquisition, the business hopes to expand its portfolio of premier intelligent motor control solutions.

· In March 2022, The ATEX/IECEx criteria for Category 3 electrical equipment were authorized for the explosion proof IXARC rotary encoders from POSITAL in March 2022. Given that they may be utilized in both Zone 2 and Zone 22 environments, these tools are ideal for grain processing facilities, woodworking operations, chemical plants, oil and gas installations, and chemical plants.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments covered	By Technology By Type By End User By Region
Regional scope	East India, West India, North India, South India
Key companies profiled	Baumer Holding AG, Sensata Technologies, Inc., Dr. Fritz Faulhaber GmbH & Co. KG, Posital-Fraba Inc, Elco Industrie Automation GMBH, Dynapar Corporation, Rockwell Automation Inc, Omron Automation, Heidenhain GmbH, Maxon Motor Ag.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, India Encoder Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· India Encoder Market, By Technology

o Optical

o Magnetic

o Others

· India Encoder Market, By Type

o Rotary Encoder

o Linear Encoder

· India Encoder Market, By End User

o Industrial

o Consumer Electronics

o Textiles

o Automotive

o Packaging

o Food & Beverages

o Others

· India Encoder Market, By Region:

o East India

o West India

o North India

o South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Encoder Market

Available Customizations:

Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

India Encoder Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Key Factors for Selecting Vendor

4.3. Key Satisfaction Level

4.4. Key Challenges Faced

5. India Encoder Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Technology (Optical, Magnetic, Others)

5.2.2. By Type (Rotary Encoder, Linear Encoder

5.2.3. By End User (Industrial, Consumer Electronics, Textiles, Automotive, Packaging, Food & Beverages, Others)

5.2.4. By Region (East India, West India, North India, South India)

5.2.5. By Company

5.3. Market Map

6. East India Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Technology

6.2.2. By Type

6.2.3. By End User

7. West India Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology

7.2.2. By Type

7.2.3. By End User

8. North India Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology

8.2.2. By Type

8.2.3. By End User

9. South India Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Technology

9.2.2. By Type

9.2.3. By End User

10. Market Dynamics

10.1. Drivers

10.1.1. Encoders are increasingly being employed for machine monitoring and control.

10.1.2. Improved customer service

10.1.3. Automotive Industry Renewal Fueling

10.2. Challenges

10.2.1. The high encoder cost is projected to limit market growth.

10.2.2. Concerns regarding security and privacy

11. Market Trends & Developments

11.1. The massive growth of industrial automation in a variety of industries, including aerospace, healthcare, automotive, packaging, and electronics.

11.2. Industrial robotic applications are one of the most promising uses for rotary encoders.

11.3. Increased use of encoders in the automotive industry

11.4. rising popularity of Industry 4.0

11.5. The Indian government's initiatives to promote domestic manufacturing under the "Make in India" campaign.

12. Policy & Regulatory Landscape

13. India Economic Profile

14. Company Profiles

14.1. Baumer Holding AG

14.1.1. Business Overview

14.1.2. Key Revenue (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Service Offered

14.2. Sensata Technologies, Inc.

14.2.1. Business Overview

14.2.2. Key Revenue (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Service Offered

14.3. Rockwell Automation Inc.

14.3.1. Business Overview

14.3.2. Key Revenue (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Service Offered

14.4. Dynapar Corporation

14.4.1. Business Overview

14.4.2. Key Revenue (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Service Offered

14.5. Omron Automation

14.5.1. Business Overview

14.5.2. Key Revenue (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Service Offered

14.6. Dr. Fritz Faulhaber GmbH & Co. KG

14.6.1. Business Overview

14.6.2. Key Revenue (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Service Offered

14.7. Posital-Fraba Inc

14.7.1. Business Overview

14.7.2. Key Revenue (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Service Offered

14.8. Heidenhain GmbH

14.8.1. Business Overview

14.8.2. Key Revenue (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Service Offered

14.9. Elco Industrie Automation GMBH

14.9.1. Business Overview

14.9.2. Key Revenue (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Service Offered

14.10. Maxon Motor AG

14.10.1. Business Overview

14.10.2. Key Revenue (If Available)

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Service Offered

15. Strategic Recommendations

15.1. Fastest Growing Market by Technology

15.2. Dominating Market by Type

15.3. Dominating Market by Region & Country

16. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

(Note: India Encoder Market for any year represents the market during the period i.e., 1st April of the previous year to 31st March of that year. e.g.: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.)

Figures and Tables

Frequently asked questions

Which are the key market players in India Encoder Market?

Key market players are Baumer Holding AG, Sensata Technologies, Inc., Dr. Fritz Faulhaber GmbH & Co. KG, Posital-Fraba Inc, Elco Industrie Automation GmbH, Dynapar Corporation, Rockwell Automation Inc, Omron Automation, Heidenhain GmbH, Maxon Motor Ag.

What is the dominating segment in the India Encoder market by Type in 2022?

In 2022, the dominant market share in the India Encoder market was held by rotary encoders. This was attributed to a higher reliance on conventional in-house service implementation. However, there has been a growing trend towards cloud-based services owing to their advantages such as lower costs and easier scalability.

Which is the fastest-growing region in the India Encoder market?

Western region is the fastest-growing region in the India Encoder Market due to developing IT industries and various government initiatives.

Write about the advantages of using an encoder.

Encoders provide highly accurate and precise measurement of motion, enabling accurate positioning and speed control in various applications, and encoders provide feedback to control systems, enabling closed-loop control and ensuring accurate and reliable performance of the system.

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Sakshi Bajaal

Business Consultant

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Press Release

India Encoder Market to be Driven by the Growing Adoption of Vertical Encoder Services by 2028

May, 2023