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Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography - Global Forecast to 2024

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Date: 30-Jul-2019
No. of pages: 132
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“Encoders market to grow at significant rate from 2019 to 2024”

The encoders market is expected to grow from USD 1.6 billion in 2019 to USD 2.4 billion by 2024—at a CAGR of 8.6%. Key factors driving the growth of the encoders market include the need for high-end automation and industry 4.0. Strategies such as product launches adopted by market players are fueling the growth of the encoders market. However, the adoption of inorganic strategies by established players is creating intense competition for new entrants and restricting the growth of the market.

“Rotary encoders to account for largest market size from 2019 to 2024”

The rotary encoders type is expected to account for the largest share of the encoders market during the forecast period. Rotary encoders are used for position sensing across various applications; for example, on motors paired with drives and automated machinery in consumer electronics, elevators, conveyor speed monitors, industrial machines, and robotics. The future growth of this segment is attributed to the use of rotary encoders in industrial and commercial designs due to their durability and excellent performance.

“APAC to be fastest-growing market for encoders from 2019 to 2024”

The encoders market in APAC is likely to witness the highest CAGR during the forecast period. Increasing manufacturing facilities across various industries in this region and growing adoption of automation techniques and robotics in manufacturing plants are among the factors that are expected to drive the demand for encoders in this region. In addition, the concept of autonomous, electric, and connected cars has enabled the growth of the automotive sector in APAC, especially in China. The automotive industry here has been growing rapidly, and the country is playing an increasingly important role in the global automotive market.

The break-up of profiles of primary participants for the report has been given below.


  • By Company Type: Tier 1 =35%, Tier 2 =45%, and Tier 3 =20%

  • By Designation: C-level Executives =35%, Directors =40%, and Managers=25%

  • By Region: North America =45%, Europe =20%, APAC=30%, and RoW =5%


HEIDENHAIN (Germany), POSITAL FRABA (Germany), Sensata Technologies (US), Dynapar Corporation (US), and Baumer Group (Switzerland) are among the major players in the encoders market.

Research Coverage:

The encoders market, in this report, is segmented into type, technology type, end use, and geography. The market based on type is further classified into linear and rotary. The encoders market, by technology type, is further segmented into optical, magnetic, and others. The market, by end use, is segmented into automotive, consumer electronics, industrial, food & beverages, medical, printing, textile, and others.

Key Benefits of Buying the Report:


  • Illustrative segmentation, analysis, and forecast for the market, by type, technology type, end use, and geography have been provided to give an overall view of the encoders market.

  • Major drivers, restraints, opportunities, and challenges pertaining to the encoders market have been provided in the report.

  • The report includes a detailed competitive landscape and revenues of key players.

Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Package Size
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown of Primaries
2.1.3.2 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Encoders Market
4.2 Encoders Market, By Technology
4.3 Encoders Market in APAC, By Country and Industry
4.4 Encoders Market, By End Use
4.5 Encoders Market, By Country (2018)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for High-End Automation Across Industries
5.2.1.2 Industry 4.0
5.2.2 Restraints
5.2.2.1 Problems With Accuracy
5.2.2.2 Varying International Regulations
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Artificial Intelligence-Based Systems
5.2.3.2 Upcoming Technologies in Automotive Industry
5.2.4 Challenges
5.2.4.1 Mechanical Failure in Harsh Environments
5.3 Value Chain Analysis

6 Encoders Market, By Type
6.1 Introduction
6.2 Linear Encoders
6.2.1 Incremental
6.2.1.1 Incremental Linear Array Gained Traction as It is Widely Used for Machine Control, Automated Processes, and Pick and Place Operations
6.2.2 Absolute
6.2.2.1 Absolute Linear Array Gained Traction as It is Widely Used for CNC/PLC Feedback, Pick and Place Machines, Automotive Transfer Lines
6.3 Rotary Encoders
6.3.1 Incremental
6.3.1.1 Incremental Array to Dominate the Rotary Encoder Market During the Forecast Period
6.3.2 Absolute
6.3.2.1 Absolute Rotary Array Plays One of the Most Significant Role in Encoder Market

7 Encoders Market, By Technology Type
7.1 Introduction
7.2 Optical
7.2.1 Optical Encoders Plays One of the Most Significant Role in the Market
7.3 Magnetic
7.3.1 Magnetic Encoders to Witness A Significant Growth in the Market
7.4 Others

8 Encoders Market, By End Use
8.1 Introduction
8.2 Automotive
8.2.1 Automotive End Use to Witness A Significant Growth in the Encoder Market
8.3 Consumer Electronics
8.3.1 APAC to Dominate the Encoder Market for Consumer Electronics End-Use During the Forecast Period
8.4 Industrial
8.4.1 Industrial End-Use to Dominate the Encoder Market During the Forecast Period
8.5 Food & Beverage
8.5.1 Food & Beverage End-Use to Witness A Significant Growth in the Encoder Market During the Forecast Period
8.6 Medical
8.6.1 Medical End-Use is Expected to Witness A Significant Growth for Forecast Period
8.7 Printing
8.7.1 North America to Drive Encoder Market for Printing End-Use
8.8 Textile
8.8.1 Weaving, Knitting, Printing, and Extruding are Key Application Areas of Encoders for Textile End-Use
8.9 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Robotics and Production Automation to Drive the Market for Encoders in the Us
9.2.2 Canada
9.2.2.1 Growth in the Automotive Industry Drives Encoders Market in Canada
9.2.3 Mexico
9.2.3.1 Growing Consumer Electronics Industry Drives Encoders Market in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Increasing Use of Robotics Drives the Encoders Market in Germany
9.3.2 UK
9.3.2.1 UK to Hold the Largest Share of the Encoders Market in Europe
9.3.3 France
9.3.3.1 Manufacturing Sector in France to Boost Encoders Market Growth
9.3.4 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China to Hold the Largest Share of Encoders Market in APAC
9.4.2 Japan
9.4.2.1 Motor Vehicle Manufacturing in Japan is Driving the Encoders Market
9.4.3 India
9.4.3.1 Textile and Automotive Industries Drive the Encoders Market in India
9.4.4 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Growth in the Mining Industry to the Drive Encoders Market in South American Countries
9.5.2 Middle East
9.5.2.1 Automation in the Middle East Will Lead to Increasing Demand for Encoders
9.5.3 Africa
9.5.3.1 Automobile Manufacturing Industry Will Drive the Encoders Market in Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Rank Analysis
10.3 Competitive Situation and Trends
10.3.1 Product Launches
10.3.2 Mergers & Acquisitions
10.3.3 Agreements
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Dynamic Differentiators
10.4.4 Emerging Companies
10.5 Strength of Product Portfolio (For 25 Players)
10.6 Business Strategy Excellence (For 25 Players)

11 Company Profiles
11.1 Introduction
11.2 Key Players
(Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.2.1 Baumer Group
11.2.2 Sensata Technologies
11.2.3 Dynapar Corporation
11.2.4 Omron Automation
11.2.5 Rockwell Automation Inc.
11.2.6 Faulhaber Group
11.2.7 Posital-Fraba Inc.
11.2.8 Heidenhain GmbH
11.2.9 IFM Electronic GmbH
11.2.10 Maxon Motor Ag
* Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11.3 Other Important Players
11.3.1 Pepperl+Fuchs
11.3.2 Pilz GmbH Co. Kg
11.3.3 Posic
11.3.4 Renishaw PLC
11.3.5 Siko GmbH
11.3.6 Turck Banner Singapore PTE Ltd
11.3.7 Wachendorff Automation GmbH +Co Kg
11.3.8 Nidec Corporation
11.3.9 Micronor Inc.
11.3.10 US Digital

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 Assumptions for the Research Study
Table 2 Encoders Market Size, By Type, 2016–2024 (USD Million)
Table 3 Encoders Market Size, By Type, 2016–2024 (Million Units)
Table 4 Linear Encoders Market Size, By Type, 2016–2024 (USD Million)
Table 5 Linear Encoders Market, By Technology Type, 2016–2024 (USD Million)
Table 6 Rotary Encoders Market Size, By Type, 2016–2024 (USD Million)
Table 7 Rotary Encoders Market Size, By Technology Type, 2016–2024 (USD Million)
Table 8 Encoders Market Size, By Technology Type, 2016–2024 (USD Million)
Table 9 Encoders Market Size, By Technology Type, 2016–2024 (Million Units)
Table 10 Optical Encoders Market Size, By Type, 2016–2024 (USD Million)
Table 11 Magnetic Encoders Market Size, By Type, 2016–2024 (USD Million)
Table 12 Other Encoders Market Size, By Type, 2016–2024 (USD Million)
Table 13 Encoders Market, By End Use, 2016–2024 (USD Million)
Table 14 Encoders Market Size, By End Use, 2016–2024 (Million Units)
Table 15 Encoders Market Size for Automotive, By Geography, 2016–2024 (USD Million)
Table 16 Encoders Market Size for Automotive in North America, By Country, 2016–2024 (USD Million)
Table 17 Encoders Market Size for Automotive in Europe, By Country, 2016–2024 (USD Million)
Table 18 Encoders Market Size for Automotive in APAC, By Country, 2016–2024 (USD Million)
Table 19 Encoders Market Size for Automotive in RoW, By Region, 2016–2024 (USD Million)
Table 20 Encoders Market Size for Consumer Electronics, By Geography, 2015–2024 (USD Million)
Table 21 Encoders Market for Consumer Electronics in North America, By Country, 2016–2024 (USD Million)
Table 22 Encoders Market Size for Consumer Electronics in Europe, By Country, 2016–2024 (USD Million)
Table 23 Encoders Market for Consumer Electronics in APAC, By Country, 2016–2024 (USD Million)
Table 24 Encoders Market Size for Consumer Electronics in RoW, By Region, 2016–2024 (USD Million)
Table 25 Encoders Market Size for Industrial End Use, By Region, 2016–2024 (USD Million)
Table 26 Encoders Market Size for Industrial End Use in North America, By Country, 2016–2024 (USD Million)
Table 27 Encoders Market Size for Industrial End Use in Europe, By Country, 2016–2024 (USD Million)
Table 28 Encoders Market Size for Industrial End Use in APAC, By Country, 2016–2024 (USD Million)
Table 29 Encoders Market Size for Industrial End Use in RoW, By Region, 2016–2024 (USD Million)
Table 30 Encoders Market Size for Food & Beverage End Use, By Geography, 2016–2024 (USD Million)
Table 31 Encoders Market Size for Food & Beverage End Use in North America, By Country, 2016–2024 (USD Million)
Table 32 Encoders Market Size for Food & Beverage End Use in Europe, By Country, 2016–2024 (USD Million)
Table 33 Encoders Market Size for Food & Beverage End Use in APAC, By Country, 2016–2024 (USD Million)
Table 34 Encoders Market Size for Food & Beverage End Use in RoW, By Region, 2016–2024 (USD Million)
Table 35 Encoders Market Size for Medical End Use, By Geography, 2016–2024 (USD Million)
Table 36 Encoders Market Size for Medical End Use in North America, By Country, 2016–2024 (USD Million)
Table 37 Encoders Market Size for Medical End Use in Europe, By Country, 2016–2024 (USD Million)
Table 38 Encoders Market Size for Medical End Use in APAC, By Country, 2016–2024 (USD Million)
Table 39 Encoders Market Size for Medical End Use in RoW, By Region, 2016–2024 (USD Million)
Table 40 Encoders Market Size for Printing End Use, By Geography, 2016–2024 (USD Million)
Table 41 Encoders Market Size for Printing End Use in North America, By Country, 2016–2024 (USD Million)
Table 42 Encoders Market Size for Printing End Use in Europe, By Country, 2016–2024 (USD Million)
Table 43 Encoders Market Size for Printing End Use in APAC, By Country, 2016–2024 (USD Million)
Table 44 Encoders Market Size for Printing End Use in RoW, By Region, 2016–2024 (USD Million)
Table 45 Encoders Market Size for Textile End Use, By Geography, 2016–2024 (USD Million)
Table 46 Encoders Market Size for Textile End Use in North America, By Country, 2016–2024 (USD Million)
Table 47 Encoders Market Size for Textile End Use in Europe, By Country, 2016–2024 (USD Million)
Table 48 Encoders Market Size for Textile End Use in APAC, By Country, 2016–2024 (USD Million)
Table 49 Encoders Market Size for Textile End Use in RoW, By Region, 2016–2024 (USD Million)
Table 50 Encoders Market Size for Other End Use, By Geography, 2016–2024 (USD Million)
Table 51 Encoders Market Size for Other End Use in North America, By Country, 2016–2024 (USD Million)
Table 52 Encoders Market Size for Other End Use in Europe, By Country, 2016–2024 (USD Million)
Table 53 Encoders Market Size for Other End Use in APAC, By Country, 2016–2024 (USD Million)
Table 54 Encoders Market Size for Other End Uses in RoW, By Region, 2016–2024 (USD Million)
Table 55 Encoders Market Size, By Geography, 2016–2024 (USD Million)
Table 56 Encoders Market Size, By Geography, 2016–2024 (Million Units)
Table 57 Encoders Market Size in North America, By End Use, 2016–2024 (USD Million)
Table 58 Encoders Market in North America, By Country, 2016–2024 (USD Million)
Table 59 Encoders Market Size in Europe, By End Use, 2016–2024 (USD Million)
Table 60 Encoders Market Size in Europe, By Country, 2016–2024 (USD Million)
Table 61 Encoders Market Size in APAC, By End Use, 2016–2024 (USD Million)
Table 62 Encoders Market Size in APAC, By Country, 2016–2024 (USD Million)
Table 63 Encoders Market Size in RoW, By End Use, 2016–2024 (USD Million)
Table 64 Encoders Market Size in RoW, By Region, 2016–2024 (USD Million)
Table 65 Top Product Launches (2016–2019)
Table 66 Mergers & Acquisitions, 2018
Table 67 Agreements, 2018

List of Figures

Figure 1 Encoders Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Encoders Market Size, 2016–2024 (USD Billion)
Figure 6 Industrial End Use Segment to Account for the Largest Market for Encoders By 2024
Figure 7 Encoders Market, By Technology (2019 vs 2024): Optical Technology to Dominate in 2019 and 2024
Figure 8 Rotary Encoders Accounted for the Larger Share of the Encoders Market, By Type, in 2018
Figure 9 APAC Accounted for the Largest Share of Encoders Market in 2018
Figure 10 Increasing Demand for Encoders in APAC Drives Market Growth
Figure 11 Encoders Market for Optical Technology to Hold the Largest Share During Forecast Period
Figure 12 Industrial End Use to Hold the Largest Share of Encoders Market in APAC By 2024
Figure 13 Industrial End Use to Hold the Largest Share of Encoders Market During Forecast Period
Figure 14 US Held the Largest Share of Encoders Market in 2018
Figure 15 High-End Automation Across Industries Driving the Growth of Encoders
Figure 16 EV Sales and Growth (%)
Figure 17 Value Chain Analysis: Major Value Added During Raw Material and Component Suppliers and Original Equipment Manufacturing Phases
Figure 18 Encoders Market, By Type
Figure 19 Rotary Encoders Expected to Lead the Encoders Market By 2024
Figure 20 Encoders Market, By Technology Type
Figure 21 Optical Technology to Hold Largest Size of the Encoders Market By 2024
Figure 22 Encoders Market, By End Use
Figure 23 Encoders Market Size, By End Use, 2016-2024 (USD Billion)
Figure 24 Geographic Snapshot (2019–2024): Encoders Market to Witness Significant Growth in APAC
Figure 25 North America: Encoders Market Snapshot
Figure 26 Europe: Encoders Market Snapshot
Figure 27 APAC: Encoders Market Snapshot
Figure 28 Organic and Inorganic Strategies Adopted By Companies Operating in Encoders Market
Figure 29 Major Encoder Manufacturers
Figure 30 Encoders Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Sensata Technologies: Company Snapshot
Figure 32 Omron Automation: Company Snapshot
Figure 33 Rockwell Automation Inc.: Company Snapshot

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