출판 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2022년11월
인코더(Encoder) 시장 : 인코더 유형(리니어 및 로터리), 신호 유형(증분, 앱솔루트), 기술(광학, 자기, 유도), 용도(자동차, 가전, 산업, 전력), 지역별 – 2027년까지의 세계 예측
Encoder Market by Encoder Type (Linear and Rotary), Signal Type (Incremental, Absolute), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power) and Region – Global Forecast to 2027
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| 구성 | 영문조사보고서 |
| 가격 |
The encoder market is projected to grow from USD 2.7 billion in 2022 to USD 4.3 billion in 2027; it is expected to grow at a CAGR of 9.7% during the forecasted period. Rising need for high-end automation across industries, expansion of the automotive markets driving the encoder market growth and rising government initiatives to boost industrial automation provinding opportunities for endcoder market.
인코더 시장은 2022년 27억 달러에서 2027년 43억 달러로 성장할 것으로 예상됩니다. 예측 기간 동안 연평균 9.7% 성장할 것으로 예상. 그 이유는 산업 전반에 걸친 하이엔드 자동화에 대한 수요 증가, 인코더 시장 성장을 주도하는 자동차 시장의 확장, 인코더 시장에 대한 산업 자동화 제공 기회를 촉진하기 위한 정부 이니셔티브 증가등에 있습니다.
“Rotary encoders expected to register larger market share during the forecast period”
Rotary encoders are that can be magnetic or non-magnetic in nature used to measure or converts the angular position, rotations, or motion of the shaft into the analog or digital signals. The rotary encoders are reliable, accurate, and compact in size, and comes with integrated electronics. The rotary encoder is used in various applications for controlling and monitoring of mechanical system . For instance, the rotary encoder is used in robotics, optomechanical mice, industrial control, consumer electronics, healthcare, etc. Increasing demand for automation in various industries is expected to boost the growth of the rotary encoders market.
“Consumer Electronics application is expected to register highest CAGR during the forecast period.”
The market for consumer electronics is expected to witness significant growth during the forecast period. In consumer electronics, the encoder is used in office equipment such as PC-based scanning equipment, printers, copiers, answering machines, and scanners For instance, the encoder is used to control the operation of the ink head of the inkjet printer which enables the print head to apply the image to a precisely controlled location on the object. The use of the encoder in the printer helps to print beautifully and accurately. Similarly, it is also used to control the rotating drum that moves the paper in the printer. The growth of encoder in cosumner electronics application is due to the expanding residential sector, supportive government initiatives, and large presence of consumer electronics manufacturers.
“Market in Asia Pacific to grow at highest CAGR during the forecast period”
In 2021, Asia Pacific accounted highest market share of the encoder market. The regional market here has been segmented into China, Japan, India, South Korea, and Rest of Asia Pacific. The increase in number of manufacturing &engineering hubs related to various industries are the reasons for growth of encoder market in the Asia Pacific region. Furthermore, automotive and consumer electronics industries are supporting the growth of the encoder market in the region. For instance, the Government of China has placed strategic emphasis on plug-in hybrid EV and pure EV while promoting the adoption of energy-efficient hybrid vehicles, which has witnessed an increase in demand over the years. Similarly, in Japan. rapid movement toward “Society 5.0,” an ultra-smart society that is completely connected through IoT, Big Data, AI, and other technologies to improve the quality of life, has actively created a window of opportunities for the encoder market.
Major players profiled in this report are as follows: Renishaw plc (UK), HEIDENHAIN (Germany), FRABA B.V. (The Netherlands), Sensata Technologies Holding plc (US), ifm electronics gmbh (Germany), Mitutoyo Corporation (Japan), Pepperl+Fuchs SE (Germany), Fortive (US), maxon motor ag (switzerland), Balluff Inc. (Germany). Pilz GmbH & Co. KG (Germany), Tamagawa Seiki Co., Ltd. (Japan), FAULHABER Group (Germany), Baumer Group (Switzerland), Koyo Electronics Industries Co., Ltd. (Japan), Schneider Electric SE (France), Omron Corporation (Japan), Rockwell Automation, Inc. (US), SICK AG (Germany), Hengstler GmbH (Germany), Kubler Group (Germany), Elap srl (Italy), SIKO GmbH (Germany), Nemicon Corporation (Japan), and Gurley Precision Instruments (Japan).
Research Coverage
This research report categorizes the encoder market on the basis of type, signal type, technology, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the encoder market and forecasts the same till 2027. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the encoder ecosystem.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall encoder market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
목차
1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION AND SCOPE 28
1.2.1 INCLUSIONS & EXCLUSIONS 29
1.3 STUDY SCOPE 29
1.3.1 MARKETS COVERED 29
FIGURE 1 ENCODER MARKET SEGMENTATION 29
1.3.2 GEOGRAPHIC SCOPE 30
FIGURE 2 ENCODER MARKET: REGIONAL SCOPE 30
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 31
1.5 UNITS CONSIDERED 31
1.6 LIMITATIONS 31
1.7 STAKEHOLDERS 31
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 3 ENCODER MARKET: RESEARCH DESIGN 33
2.2 SECONDARY & PRIMARY RESEARCH 34
2.2.1 SECONDARY DATA 35
2.2.1.1 Key data from secondary sources 35
2.2.2 PRIMARY DATA 35
2.2.2.1 Primary interviews with experts 36
2.2.2.2 Key data from primary sources 36
2.2.2.3 Key industry insights 37
2.2.2.4 Breakdown of primaries 37
2.3 MARKET SIZE ESTIMATION 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES IN ENCODER MARKET 38
2.3.1 BOTTOM-UP APPROACH 39
2.3.1.1 Approach to arrive at market share by bottom-up analysis
(demand side) 39
FIGURE 5 ENCODER MARKET: BOTTOM-UP APPROACH 39
2.3.2 TOP-DOWN APPROACH 40
2.3.2.1 Approach to arrive at market share by top-down analysis (supply side) 40
FIGURE 6 ENCODER MARKET: TOP-DOWN APPROACH 40
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 7 DATA TRIANGULATION 41
2.5 RESEARCH ASSUMPTIONS 42
3 EXECUTIVE SUMMARY 43
FIGURE 8 INDUSTRIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD 43
FIGURE 9 ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 44
FIGURE 10 MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 44
FIGURE 11 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ENCODER MARKET 46
FIGURE 12 INCREASING MANUFACTURING & ENGINEERING HUBS WORLDWIDE TO DRIVE MARKET 46
4.2 ENCODER MARKET, BY ENCODER TYPE 46
FIGURE 13 ROTARY ENCODER SEGMENT TO REGISTER HIGHER CAGR BETWEEN 2022 AND 2027 46
4.3 ENCODER MARKET, BY SIGNAL TYPE 47
FIGURE 14 INCREMENTAL ENCODER TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 47
4.4 ENCODER MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 47
FIGURE 15 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC REGION DURING FORECAST PERIOD 47
4.5 ENCODER MARKET, BY COUNTRY 48
FIGURE 16 CHINA TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 17 ENCODER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 50
5.2.1.1 Rising need for high-end automation across industries 50
5.2.1.2 Growing adoption of Industry 4.0 50
FIGURE 18 ANNUAL INSTALLATION OF INDUSTRIAL ROBOTS 51
5.2.1.3 Growing expansion of automotive markets worldwide 51
FIGURE 19 ENCODER MARKET: IMPACT ANALYSIS OF DRIVERS 52
5.2.2 RESTRAINTS 52
5.2.2.1 Accuracy-related errors 52
5.2.2.2 Variations in international regulations 53
FIGURE 20 ENCODERS MARKET: IMPACT ANALYSIS OF RESTRAINTS 53
5.2.3 OPPORTUNITIES 54
5.2.3.1 Rising government initiatives to boost industrial automation 54
TABLE 1 INVESTMENTS IN INDUSTRIAL AUTOMATION PROVIDED THROUGH GOVERNMENT INITIATIVES 54
5.2.3.2 Increasing demand for machine learning and artificial intelligence-based systems 55
5.2.3.3 Innovative technologies in automotive and UAV industries 55
FIGURE 21 ENCODER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 56
5.2.4 CHALLENGES 56
5.2.4.1 Mechanical failure in harsh environments 56
FIGURE 22 ENCODER MARKET: IMPACT ANALYSIS OF CHALLENGES 57
5.3 VALUE CHAIN ANALYSIS 57
FIGURE 23 ENCODER MARKET: VALUE CHAIN ANALYSIS 57
5.4 ECOSYSTEM ANALYSIS 59
FIGURE 24 ENCODER MARKET: ECOSYSTEM ANALYSIS 59
TABLE 2 ENCODER MARKET ECOSYSTEM 60
5.5 PRICING ANALYSIS 61
TABLE 3 INDICATIVE PRICES OF ENCODERS 61
5.5.1 AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS 62
FIGURE 25 AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS 62
TABLE 4 AVERAGE SELLING PRICE OF SIGNAL TYPE ENCODERS OFFERED BY KEY PLAYERS (USD) 62
TABLE 5 AVERAGE SELLING PRICE OF ENCODER TYPES OFFERED BY KEY PLAYERS (USD) 62
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 63
FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN ENCODERS MARKET 63
5.7 TECHNOLOGY ANALYSIS 63
5.7.1 IMPACT OF IIOT ON ENCODER INDUSTRIES 63
5.7.2 RISE OF COLLABORATIVE & AGV ROBOTS 64
5.8 PORTER’S FIVE FORCES ANALYSIS 64
TABLE 6 ENCODER MARKET: PORTER’S FIVE FORCES ANALYSIS 64
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 65
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 65
FIGURE 27 ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 65
TABLE 7 ENCODER MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 66
5.9.2 BUYING CRITERIA 66
FIGURE 28 ENCODER MARKET: KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 66
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 67
5.10 CASE STUDIES 67
TABLE 9 SAM-JEONG AUTOMATION INCORPORATED RENISHAW’S INCREMENTAL ENCODER TO ACHIEVE ACCURACY 67
TABLE 10 PAL ROBOTICS INTEGRATED ENCODERS INTO ROBOTIC TECHNOLOGY 67
TABLE 11 SCODIX ULTRA CHOSE RENISHAW’S TONIC INCREMENTAL ENCODER SYSTEM TO ACHIEVE HIGH-QUALITY PRINTING 68
5.11 TRADE ANALYSIS 68
FIGURE 29 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION) 68
FIGURE 30 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION) 69
5.12 PATENT ANALYSIS 70
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 70
TABLE 12 TOP 20 PATENT OWNERS IN LAST 10 YEARS (US) 70
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021 71
TABLE 13 ENCODER MARKET: KEY PATENTS, 2020–2021 71
5.13 KEY CONFERENCES & EVENTS, 2022–2023 72
TABLE 14 ENCODER MARKET: KEY CONFERENCES & EVENTS 72
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
5.14.1 STANDARDS 75
TABLE 19 STANDARDS FOR ENCODER MARKET 75
6 ENCODER MARKET, BY ENCODER TYPE 76
6.1 INTRODUCTION 77
FIGURE 33 ROTARY ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 77
TABLE 20 ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION) 77
TABLE 21 ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION) 77
TABLE 22 ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (MILLION UNITS) 78
TABLE 23 ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (MILLION UNITS) 78
6.2 ROTARY ENCODER 78
6.2.1 CONVERTS ANGULAR POSITIONING OF A ROTATING SHAFT INTO ANALOG/DIGITAL SIGNALS 78
TABLE 24 ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION) 79
TABLE 25 ROTARY ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION) 79
TABLE 26 ROTARY ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION) 79
TABLE 27 ROTARY ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION) 79
TABLE 28 ROTARY ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 80
TABLE 29 ROTARY ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 80
6.3 LINEAR ENCODER 81
6.3.1 MEASURES POSITION BY SENDING FEEDBACK TO CONTROL SYSTEM 81
TABLE 30 LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION) 81
TABLE 31 LINEAR ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION) 81
TABLE 32 LINEAR ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION) 82
TABLE 33 LINEAR ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION) 82
TABLE 34 LINEAR ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 82
TABLE 35 LINEAR ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 83
7 ENCODER MARKET, BY SIGNAL TYPE 84
7.1 INTRODUCTION 85
FIGURE 34 INCREMENTAL ENCODER SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 85
TABLE 36 ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (USD MILLION) 85
TABLE 37 ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (USD MILLION) 85
TABLE 38 ENCODER MARKET, BY SIGNAL TYPE, 2018–2021 (MILLION UNITS) 86
TABLE 39 ENCODER MARKET, BY SIGNAL TYPE, 2022–2027 (MILLION UNITS) 86
7.2 INCREMENTAL ENCODER 86
7.2.1 SIMPLIFIED HARDWARE AND FLEXIBLE FUNCTIONALITY TO DRIVE MARKET 86
TABLE 40 INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION) 87
TABLE 41 INCREMENTAL ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION) 87
7.3 ABSOLUTE ENCODER 87
7.3.1 RELIABLE MEASUREMENT PERFORMANCE TO DRIVE MARKET 87
TABLE 42 ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2018–2021 (USD MILLION) 88
TABLE 43 ABSOLUTE ENCODER MARKET, BY ENCODER TYPE, 2022–2027 (USD MILLION) 88
8 ENCODER MARKET, BY TECHNOLOGY 89
8.1 INTRODUCTION 90
FIGURE 35 MAGNETIC TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 90
TABLE 44 ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION) 90
TABLE 45 ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION) 91
TABLE 46 ENCODER MARKET, BY TECHNOLOGY, 2018–2021 (MILLION UNITS) 91
TABLE 47 ENCODER MARKET, BY TECHNOLOGY, 2022–2027 (MILLION UNITS) 91
8.2 MAGNETIC ENCODER 92
8.2.1 RELIABLE DIGITAL FEEDBACK IN HARSH ENVIRONMENTS TO DRIVE MARKET 92
TABLE 48 MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION) 92
TABLE 49 MAGNETIC TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION) 92
8.3 OPTICAL ENCODER 93
8.3.1 ABILITY TO MONITOR AND CONTROL MECHANICAL SYSTEMS TO DRIVE UPTAKE 93
TABLE 50 OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION) 93
TABLE 51 OPTICAL TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION) 93
8.4 INDUCTIVE ENCODER 94
8.4.1 COMPACT DESIGN WITH HIGH ACCURACY TO DRIVE DEMAND 94
TABLE 52 INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2018–2021 (USD MILLION) 94
TABLE 53 INDUCTIVE TECHNOLOGY, BY ENCODER TYPE, 2022–2027 (USD MILLION) 94
8.5 OTHER TECHNOLOGIES 95
TABLE 54 OTHER TECHNOLOGIES, BY ENCODER TYPE, 2018–2021 (USD MILLION) 95
TABLE 55 OTHER TECHNOLOGIES, BY ENCODER TYPE, 2022–2027 (USD MILLION) 95
9 ENCODER MARKET, BY APPLICATION 96
9.1 INTRODUCTION 97
FIGURE 36 INDUSTRIAL APPLICATION SEGMENT TO DOMINATE ENCODER MARKET DURING FORECAST PERIOD 97
TABLE 56 ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 98
TABLE 57 ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 98
TABLE 58 ENCODER MARKET, BY APPLICATION, 2018–2021 (MILLION UNITS) 99
TABLE 59 ENCODER MARKET, BY APPLICATION, 2022–2027 (MILLION UNITS) 99
9.2 INDUSTRIAL 100
9.2.1 INCREASING UTILIZATION OF ENCODERS IN ROBOTICS AND FACTORY AUTOMATION 100
TABLE 60 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 100
TABLE 61 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 100
TABLE 62 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2018–2021 (USD MILLION) 101
TABLE 63 ENCODER MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2022–2027 (USD MILLION) 101
9.3 HEALTHCARE 101
9.3.1 UTILIZATION OF SURGICAL ROBOTS IN HEALTHCARE APPLICATIONS TO DRIVE MARKET 101
TABLE 64 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 102
TABLE 65 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 102
TABLE 66 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2018–2021 (USD MILLION) 102
TABLE 67 ENCODER MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2022–2027 (USD MILLION) 103
9.4 CONSUMER ELECTRONICS 103
9.4.1 SURGE OF LINEAR MOTOR ENCODERS IN ELECTRICAL APPLIANCES TO DRIVE MARKET 103
TABLE 68 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 103
TABLE 69 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 104
TABLE 70 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 71 ENCODER MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2022–2027 (USD MILLION) 104
9.5 AUTOMOTIVE 105
9.5.1 RISING INTEGRATION OF AUTOMATION IN AUTOMOBILES TO PROPEL GROWTH 105
TABLE 72 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 105
TABLE 73 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 105
TABLE 74 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2018–2021 (USD MILLION) 106
TABLE 75 ENCODER MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2022–2027 (USD MILLION) 106
9.6 POWER 106
9.6.1 INCREASING COMPLEXITIES IN SOLAR & WIND ENERGY APPLICATIONS TO DRIVE MARKET 106
TABLE 76 ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 107
TABLE 77 ENCODER MARKET FOR POWER APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 107
TABLE 78 ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 79 ENCODER MARKET FOR POWER APPLICATION, BY REGION, 2022–2027 (USD MILLION) 108
9.7 FOOD & BEVERAGE 108
9.7.1 INTEGRATION OF IO-LINK TECHNOLOGY INTO ENCODERS TO DRIVE MARKET 108
TABLE 80 ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 109
TABLE 81 ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 109
TABLE 82 ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY REGION, 2018–2021 (USD MILLION) 109
TABLE 83 ENCODER MARKET FOR FOOD & BEVERAGE APPLICATION, BY REGION, 2022–2027 (USD MILLION) 110
9.8 AEROSPACE 110
9.8.1 PRECISION CONTROL TECHNOLOGY OF ENCODERS IN AIRBORNE PLANES TO PROPEL GROWTH 110
TABLE 84 ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 110
TABLE 85 ENCODER MARKET FOR AEROSPACE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 111
TABLE 86 ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2018–2021 (USD MILLION) 111
TABLE 87 ENCODER MARKET FOR AEROSPACE APPLICATION, BY REGION, 2022–2027 (USD MILLION) 111
9.9 PRINTING 112
9.9.1 USE OF ROTARY ENCODERS IN PRINTING APPLICATIONS AND OFFICE EQUIPMENT TO DRIVE MARKET 112
TABLE 88 ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 112
TABLE 89 ENCODER MARKET FOR PRINTING APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 113
TABLE 90 ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2018–2021 (USD MILLION) 113
TABLE 91 ENCODER MARKET FOR PRINTING APPLICATION, BY REGION, 2022–2027 (USD MILLION) 113
9.10 TEXTILE 114
9.10.1 GROWING UTILIZATION OF ENCODERS IN WEAVING & KNITTING PROCESSES TO DRIVE MARKET 114
TABLE 92 ENCODER MARKET FOR TEXTILE APPLICATION, BY ENCODER TYPE, 2018–2021 (USD MILLION) 114
TABLE 93 ENCODER MARKET FOR TEXTILE APPLICATION, BY ENCODER TYPE, 2022–2027 (USD MILLION) 114
TABLE 94 ENCODER MARKET FOR TEXTILE APPLICATION, BY REGION, 2018–2021 (USD MILLION) 115
TABLE 95 ENCODER MARKET FOR TEXTILE APPLICATION, BY REGION, 2022–2027 (USD MILLION) 115
9.11 OTHER APPLICATIONS 115
TABLE 96 ENCODER MARKET FOR OTHER APPLICATIONS, BY ENCODER TYPE, 2018–2021 (USD MILLION) 115
TABLE 97 ENCODER MARKET FOR OTHER APPLICATIONS, BY ENCODER TYPE, 2022–2027 (USD MILLION) 116
TABLE 98 ENCODER MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 99 ENCODER MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 116
10 ENCODER MARKET, BY REGION 117
10.1 INTRODUCTION 118
FIGURE 37 GEOGRAPHIC SNAPSHOT: ASIA PACIFIC MARKET TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 100 ENCODER MARKET, BY REGION, 2018–2021 (USD MILLION) 118
TABLE 101 ENCODER MARKET, BY REGION, 2022–2027 (USD MILLION) 119
TABLE 102 ENCODER MARKET, BY REGION, 2018–2021 (MILLION UNITS) 119
TABLE 103 ENCODER MARKET, BY REGION, 2022–2027 (MILLION UNITS) 119
10.2 NORTH AMERICA 120
FIGURE 38 NORTH AMERICA: ENCODER MARKET SNAPSHOT 121
TABLE 104 NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 121
TABLE 105 NORTH AMERICA: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 122
TABLE 106 NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 122
TABLE 107 NORTH AMERICA: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 122
10.2.1 US 123
10.2.1.1 Large industrial base for consumer electronics and automotive manufacturing to drive market 123
10.2.2 CANADA 123
10.2.2.1 Rising adoption of advanced technologies in aerospace industry to drive market 123
10.2.3 MEXICO 124
10.2.3.1 Expanding consumer electronics industry to support market growth 124
10.3 EUROPE 125
FIGURE 39 EUROPE: ENCODER MARKET SNAPSHOT 126
TABLE 108 EUROPE: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 126
TABLE 109 EUROPE: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 127
TABLE 110 EUROPE: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 127
TABLE 111 EUROPE: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 128
10.3.1 UK 128
10.3.1.1 Expanding manufacturing sector to drive uptake of encoders 128
10.3.2 GERMANY 129
10.3.2.1 Growing use of robotics in automobiles to drive market 129
10.3.3 FRANCE 130
10.3.3.1 Growing manufacturing & textile industries to drive demand for encoders 130
10.3.4 REST OF EUROPE 130
10.4 ASIA PACIFIC 131
FIGURE 40 ASIA PACIFIC: ENCODER MARKET SNAPSHOT 131
TABLE 112 ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 132
TABLE 113 ASIA PACIFIC: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 132
TABLE 114 ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 132
TABLE 115 ASIA PACIFIC: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 133
10.4.1 CHINA 133
10.4.1.1 Rising expansion of manufacturing & mining industries to drive market 133
10.4.2 JAPAN 134
10.4.2.1 Rising demand for electric & hybrid vehicles in automotive industry to drive market 134
10.4.3 SOUTH KOREA 134
10.4.3.1 Increasing technological advancements in consumer electronics to drive demand for encoders 134
10.4.4 INDIA 134
10.4.4.1 Rising textile industry to drive market 134
10.4.5 REST OF ASIA PACIFIC 135
10.5 REST OF THE WORLD 135
TABLE 116 REST OF THE WORLD: ENCODER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 135
TABLE 117 REST OF THE WORLD: ENCODER MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 135
TABLE 118 REST OF THE WORLD: ENCODER MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 136
TABLE 119 REST OF THE WORLD: ENCODER MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 136
10.5.1 SOUTH AMERICA 137
10.5.1.1 Growing mining industry to fuel market growth 137
10.5.2 MIDDLE EAST 137
10.5.2.1 Surge in automation to drive demand for encoders 137
10.5.3 AFRICA 137
10.5.3.1 Rising manufacturing hub for automotive vehicles to drive market 137
11 COMPETITIVE LANDSCAPE 138
11.1 INTRODUCTION 138
11.2 COMPANY REVENUE ANALYSIS 138
FIGURE 41 ENCODER MARKET: REVENUE ANALYSIS OF TOP THREE PLAYERS, 2017–2021 138
11.3 MARKET SHARE ANALYSIS, 2021 139
TABLE 120 ENCODER MARKET: MARKET SHARE OF TOP FIVE PLAYERS, 2021 139
11.4 COMPETITIVE EVALUATION QUADRANT, 2021 140
11.4.1 STARS 141
11.4.2 EMERGING LEADERS 141
11.4.3 PERVASIVE PLAYERS 141
11.4.4 PARTICIPANTS 141
FIGURE 42 ENCODER MARKET: COMPANY EVALUATION QUADRANT FOR KEY PLAYERS, 2021 142
11.4.5 ENCODER MARKET: COMPANY FOOTPRINT 143
TABLE 121 COMPANY TYPE FOOTPRINT 143
TABLE 122 COMPANY APPLICATION FOOTPRINT 144
TABLE 123 COMPANY REGION FOOTPRINT 145
TABLE 124 COMPANY FOOTPRINT 146
11.5 SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2021 147
11.5.1 PROGRESSIVE COMPANIES 147
11.5.2 RESPONSIVE COMPANIES 147
11.5.3 DYNAMIC COMPANIES 147
11.5.4 STARTING BLOCKS 147
FIGURE 43 ENCODER MARKET: SME EVALUATION QUADRANT, 2021 148
11.5.5 STARTUPS/SMES EVALUATION MATRIX 149
TABLE 125 ENCODER MARKET: KEY STARTUPS/SMES 149
TABLE 126 ENCODER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 150
11.6 COMPETITIVE SITUATIONS AND TRENDS 150
11.6.1 PRODUCT LAUNCHES & DEVELOPMENTS 150
TABLE 127 ENCODER MARKET: PRODUCT LAUNCHES & DEVELOPMENTS (MAY 2019–MAY 2022) 150
11.6.2 DEALS 155
TABLE 128 ENCODER MARKET: DEALS 155
11.6.3 OTHER DEVELOPMENTS 156
TABLE 129 ENCODER MARKET: OTHER DEVELOPMENTS (APRIL 2019–JULY 2022) 156
12 COMPANY PROFILES 158
12.1 KEY PLAYERS 158
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1 SENSATA TECHNOLOGIES INC. 158
TABLE 130 SENSATA TECHNOLOGIES INC: COMPANY OVERVIEW 158
FIGURE 44 SENSATA TECHNOLOGIES INC: COMPANY SNAPSHOT 159
TABLE 131 SENSATA TECHNOLOGIES INC: PRODUCTS OFFERED 160
TABLE 132 SENSATA TECHNOLOGIES INC: PRODUCT LAUNCHES 160
TABLE 133 SENSATA TECHNOLOGIES INC: OTHER DEVELOPMENTS 161
12.1.2 HEIDENHAIN 162
TABLE 134 HEIDENHAIN: COMPANY OVERVIEW 162
TABLE 135 HEIDENHAIN: PRODUCTS OFFERED 162
TABLE 136 HEIDENHAIN: PRODUCTS LAUNCHES 163
TABLE 137 HEIDENHAIN: OTHER DEVELOPMENTS 164
12.1.3 FORTIVE (DYNAPAR CORPORATION) 165
TABLE 138 FORTIVE (DYNAPAR CORPORATION): COMPANY OVERVIEW 165
FIGURE 45 FORTIVE (DYNAPAR CORPORATION): COMPANY SNAPSHOT 166
TABLE 139 FORTIVE (DYNAPAR CORPORATION): PRODUCTS OFFERED 167
TABLE 140 FORTIVE (DYNAPAR CORPORATION): PRODUCT LAUNCHES 167
12.1.4 RENISHAW PLC 169
TABLE 141 RENISHAW PLC: COMPANY OVERVIEW 169
FIGURE 46 RENISHAW PLC: COMPANY SNAPSHOT 170
TABLE 142 RENISHAW PLC: PRODUCTS OFFERED 171
TABLE 143 RENISHAW PLC: PRODUCTS LAUNCHES 172
12.1.5 MITUTOYO CORPORATION 174
TABLE 144 MITUTOYO CORPORATION: COMPANY OVERVIEW 174
TABLE 145 MITUTOYO CORPORATION: PRODUCTS OFFERED 174
TABLE 146 MITUTOYO CORPORATION: OTHER DEVELOPMENTS 175
12.1.6 FRABA B.V. (POSITAL FRABA) 176
TABLE 147 FRABA B.V. (POSITAL FRABA): COMPANY OVERVIEW 176
TABLE 148 FRABA B.V.: PRODUCTS OFFERED 177
TABLE 149 FRABA B.V.: PRODUCT LAUNCHES 177
TABLE 150 FRABA B.V.: DEALS 178
TABLE 151 FRABA B.V.: OTHER DEVELOPMENTS 178
12.1.7 IFM ELECTRONIC GMBH 179
TABLE 152 IFM ELECTRONIC GMBH: COMPANY OVERVIEW 179
TABLE 153 IFM ELECTRONIC GMBH: PRODUCTS OFFERED 179
TABLE 154 IFM ELECTRONIC GMBH: OTHER DEVELOPMENTS 180
12.1.8 PEPPERL+FUCHS SE 181
TABLE 155 PEPPERL+FUCHS SE: COMPANY OVERVIEW 181
TABLE 156 PEPPERL+FUCHS SE: PRODUCTS OFFERED 181
TABLE 157 PEPPERL+FUCHS SE: PRODUCT LAUNCHES 182
12.1.9 MAXON MOTOR AG 183
TABLE 158 MAXON MOTOR AG: BUSINESS OVERVIEW 183
TABLE 159 MAXON MOTOR AG: PRODUCTS OFFERED 183
TABLE 160 MAXON MOTOR AG: PRODUCT LAUNCHES 184
TABLE 161 MAXON MOTOR AG: OTHER DEVELOPMENTS 184
12.1.10 BALLUFF INC. 185
TABLE 162 BALLUFF INC: COMPANY OVERVIEW 185
TABLE 163 BALLUFF INC: PRODUCT OFFERED 185
TABLE 164 BALLUFF INC: PRODUCT LAUNCHES 186
TABLE 165 BALLUFF INC: OTHER DEVELOPMENTS 186
12.1.11 PILZ GMBH & CO. KG 187
TABLE 166 PILZ GMBH & CO. KG: COMPANY OVERVIEW 187
TABLE 167 PILZ GMBH & CO. KG: PRODUCTS OFFERED 187
12.1.12 TAMAGAWA SEIKI CO., LTD. 188
TABLE 168 TAMAGAWA SEIKI CO., LTD.: COMPANY OVERVIEW 188
TABLE 169 TAMAGAWA SEIKI CO., LTD.: PRODUCTS OFFERED 188
12.1.13 FAULHABER GROUP 189
TABLE 170 FAULHABER GROUP: COMPANY OVERVIEW 189
TABLE 171 FAULHABER GROUP: PRODUCTS OFFERED 189
TABLE 172 FAULHABER GROUP: PRODUCT LAUNCHES 190
TABLE 173 FAULHABER GROUP: OTHER DEVELOPMENTS 190
12.1.14 BAUMER GROUP 191
TABLE 174 BAUMER GROUP: COMPANY OVERVIEW 191
TABLE 175 BAUMER GROUP: PRODUCTS OFFERED 191
TABLE 176 BAUMER GROUP: PRODUCT LAUNCHES 192
TABLE 177 BAUMER GROUP: OTHER DEVELOPMENTS 192
12.1.15 KOYO ELECTRONICS INDUSTRIES CO., LTD. 193
TABLE 178 KOYO ELECTRONICS INDUSTRIES CO., LTD: COMPANY OVERVIEW 193
TABLE 179 KOYO ELECTRONICS INDUSTRIES CO., LTD: PRODUCTS OFFERED 193
TABLE 180 KOYO ELECTRONICS INDUSTRIES CO., LTD: PRODUCT LAUNCHES 194
TABLE 181 KOYO ELECTRONICS INDUSTRIES CO., LTD: OTHER DEVELOPMENTS 194
12.2 OTHER KEY PLAYERS 195
12.2.1 SCHNEIDER ELECTRIC SE 195
12.2.2 OMRON CORPORATION 196
12.2.3 ROCKWELL AUTOMATION, INC. 196
12.2.4 SICK AG 197
12.2.5 HENGSTLER GMBH 197
12.2.6 KÜBLER GROUP 198
12.2.7 ELAP SRL 198
12.2.8 SIKO GMBH 199
12.2.9 NEMICON CORPORATION 199
12.2.10 GURLEY PRECISION INSTRUMENTS 200
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS 201
13.1 INTRODUCTION 201
13.2 LIMITATIONS 201
13.3 POSITION SENSOR MARKET, BY APPLICATION 202
13.3.1 INTRODUCTION 202
TABLE 182 POSITION SENSOR MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 202
TABLE 183 POSITION SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 202
13.3.2 MACHINE TOOLS 203
13.3.2.1 Use of position sensors in machine tools enables a higher degree of automation and versatility 203
TABLE 184 POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2016–2019 (USD MILLION) 203
TABLE 185 POSITION SENSOR MARKET FOR MACHINE TOOLS, BY TYPE, 2020–2025 (USD MILLION) 203
13.3.3 ROBOTICS 204
13.3.3.1 Position sensors provide meaningful information to controllers via electronic signals enabling robots to perform tasks efficiently 204
TABLE 186 POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2016–2019 (USD MILLION) 204
TABLE 187 POSITION SENSOR MARKET FOR ROBOTICS, BY TYPE, 2020–2025 (USD MILLION) 204
13.3.4 MOTION SYSTEMS 205
13.3.4.1 Position sensors are used in motion systems to measure absolute or incremental displacement 205
TABLE 188 POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2016–2019 (USD MILLION) 205
TABLE 189 POSITION SENSOR MARKET FOR MOTION SYSTEMS, BY TYPE, 2020–2025 (USD MILLION) 205
13.3.5 MATERIAL HANDLING 206
13.3.5.1 Material handling applications require position sensors to ensure safe and controlled operations 206
TABLE 190 POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2016–2019 (USD MILLION) 206
TABLE 191 POSITION SENSOR MARKET FOR MATERIAL HANDLING, BY TYPE, 2020–2025 (USD MILLION) 206
13.3.6 TEST EQUIPMENT 207
13.3.6.1 Automotive, aerospace, industrial, and medical sectors use position sensors to test equipment and ensure high accuracy & precision 207
TABLE 192 POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2016–2019 (USD MILLION) 207
TABLE 193 POSITION SENSOR MARKET FOR TEST EQUIPMENT, BY TYPE, 2020–2025 (USD MILLION) 207
13.3.7 OTHERS 208
TABLE 194 POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2019 (USD MILLION) 208
TABLE 195 POSITION SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION) 208
13.3.8 IMPACT OF COVID-19 ON POSITION SENSOR MARKET FOR DIFFERENT APPLICATIONS 208
14 APPENDIX 209
14.1 DISCUSSION GUIDE 209
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 212
14.3 CUSTOMIZATION OPTIONS 214
14.4 RELATED REPORTS 214
14.5 AUTHOR DETAILS 215
