Encoder market was estimated at USD 2,063 million in 2020 and projected to grow at 10.3% CAGR during the forecast period.

Introduction of the Encoder Market Report

The encoder is a signal device that converts motion into an electric signal by providing feedback, and control devices can read that in the motion control system. For instance, in the bottle and jars filling process, feedback provided by the encoder tells the filling machine about the container’s position. Moreover, it measures the position, while speed, acceleration, and direction can be derived from the position either in rotary or linear motion. The encoder is used in a wide range of equipment across many industries. It usually comprises of plastic and metal housing to protect the electronics and operates on magnetic or optical principles and has a variety of mounting face options depending on application requirement.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global encoder market include increasing demand for automated industrial machines and robotics for accuracy, speed, and control across industries. For instance, Renishaw plc stated that their position encoder product line achieves good growth due to the recovery of the semiconductor market. According to the Congressional Research Service, in 2019, U.S. semiconductor firms were responsible for the largest share (47%) of the USD 412 billion global market. To meet the advanced manufacturing process, equipment manufacturers have stepped up investment in the development of the new products. For instance, one of the leading players FRABA B.V., whose POSITAL brand leading provider of position sensor and energy harvesting technology, closed its FY2020 with 3% overall growth.  The encoder is majorly used in food & beverages, automotive, pharmaceutical, packaging, and printing industries. The end-user industries need cost-effective and error-free operations to meet the demand of customers. For instance, Sick AG offers high resolution AFS/AFM60 EtherCar absolute encoder in food & beverage industries. It takes high-precision measurements of the absolute position and speed of the conveyor belt.

Restraint in the Encoder Market

However, the encoder can be complex and contain some delicate parts, and this makes them less tolerant of inductive abuse and restrict their allowable temperature. This factor can act as a restraint and hamper the market growth.

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Type- Segment Analysis

Based on the type, the rotary segment is expected to grow at the higher CAGR in the global Encoder market during the forecast period. The increase in industrial automation in various industries such as automotive, electronics, packaging, and healthcare will propel the market growth of rotary encoders as they measure the rotation, angular speed, or position of moving components in a wide range of applications. The new generation of magnetic rotary encoder will propel the market growth as its operation based on effective magnetic detection principle is absolute for use where measurement of accuracy, small size, or durability in harsh conditions is required.

End-Use Industry – Segment Analysis

Based on the end-use industry, electronics segment is expected to grow at a higher CAGR over the forecast period. In electronics industry, encoders are widely used in office equipment such as printers, scanner, and others. Printing equipment generally measures and generates images with resolutions measured in dots per inch or pixel per inch. When specifying rotary encoders for certain printing applications, the disk resolution is usually correlated to print resolution. Various inkjet printing system use a rotary encoder to track the motion of object to be printed. This enables the print head to apply the image to precisely controlled location on the object. Several companies such as Encoder Product Company, Dynapar, Schneider Electric, and others offers encoder for printers and scanners.

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Regional – Segment Analysis:

Based on the region, the APAC region is expected to grow at a higher CAGR over the forecast period owing to the increasing number of manufacturing and engineering industries in the region. Furthermore, the increasing demand for energy-efficient production is expected to create an opportunity in the APAC region. For instance, Renishaw plc, a UK based company generated 44.94% of total metrology revenue from the APAC region. The growing concept of electric vehicles and connected cars in the APAC region is expected to drive market growth.

Top Market Players

Various notable players operating in the market, include, Dynapar, Renishaw plc, Schneider Electric, Fraba B.V., Ifm electronic gmbh, Sensata Technologies, Inc., Panasonic Corporation, Rockwell Automation, Inc., Omron Corporation, Heidenhain, among others.

Key Developments:

• • In 2020, FRABA B.V. (POSITAL FRABA) introduced a new generation IXARC series of rotary encoders with new programming capability and tools. The POSITAL has taken the programmability concept to a new level with the new generation.
  • In 2020, Dynapar launched a new absolute rotary encoder with EtherNet/IP Protocol. It will provide a wide range of configuration possibilities, making it a solution for position and speed feedback applications in a various industry.

Segments covered in the Report:

The global encoder market has been segmented on the basis of type, signal type, technology, end-use industry, and region. Based on type, the market is segmented into linear, and rotary. Based on signal type, the market is segmented into incremental, and absolute. Based on technology, the market is segmented into optical, magnetic and inductive. Based on end-use industry the market is segmented into automotive, pharmaceutical, food & beverages, electronics, printing machinery, and others.

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Key questions answered in this research report:

• • At what pace is global encoder market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in encoder market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global encoder market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Signal Type areas of global encoder market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 2,063 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Signal Type, By Technology, By End-Use Industry, By region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Dynapar, Renishaw plc, Schneider Electric, Fraba B.V., Ifm electronic gmbh, Sensata Technologies, Inc., Panasonic Corporation, Rockwell Automation, Inc., Omron Corporation, Heidenhain, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Encoder Market by Type

• • Linear
  • Rotary

Global Encoder Market by Signal Type

• • Incremental
  • Absolute

Global Encoder Market by Technology

• • Optical
  • Magnetic
  • Inductive

Global Encoder Market by End-Use Industry

• • Automotive
  • Pharmaceutical
  • Food & Beverages
  • Electronics
  • Printing Machinery
  • Others

Global Encoder Market by Region

• • North America Encoder Market (Option 1: As a part of the free 25% customization)
    • North America Encoder Market by Type
    • North America Encoder Market by Signal Type
    • North America Encoder Market by Technology
    • North America Encoder Market by End-Use Industry
    • US Encoder Market All-Up
    • Canada Encoder Market All-Up
  • Europe Encoder Market (Option 2: As a part of the free 25% customization)
    • Europe Encoder Market by Type
    • Europe Encoder Market by Signal Type
    • Europe Encoder Market by Technology
    • Europe Encoder Market by End-Use Industry
    • UK Encoder Market All-Up
    • Germany Encoder Market All-Up
    • France Encoder Market All-Up
    • Spain Encoder Market All-Up
    • Rest of Europe Encoder Market All-Up
  • Asia-Pacific Encoder Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Encoder Market by Type
    • Asia-Pacific Encoder Market by Signal Type
    • Asia-Pacific Encoder Market by Technology
    • Asia-Pacific Encoder Market by End-Use Industry
    • China Encoder Market All-Up
    • India Encoder Market All-Up
    • Japan Encoder Market All-Up
    • Rest of APAC Encoder Market All-Up
  • RoW Encoder Market (Option 4: As a part of the free 25% customization)
    • RoW Encoder Market by Type
    • RoW Encoder Market by Signal Type
    • RoW Encoder Market by Technology
    • RoW Encoder Market by End-Use Industry
    • Brazil Encoder Market All-Up
    • South Africa Encoder Market All-Up
    • Saudi Arabia Encoder Market All-Up
    • UAE Encoder Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Encoder Market All-Up

Major Players Operating in the Encoder (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Dynapar
  • Renishaw plc
  • Schneider Electric
  • Fraba B.V.
  • Ifm electronic gmbh
  • Sensata Technologies, Inc.
  • Panasonic Corporation
  • Rockwell Automation, Inc.
  • Omron Corporation
  • Heidenhain