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Market Overview of Global Optical Encoders market:
According to our latest research, the global Optical Encoders market looks promising in the next 5 years. As of 2022, the global Optical Encoders market was estimated at USD 1921.61 million, and it's anticipated to reach USD 2206.55 million in 2028, with a CAGR of 2.33% during the forecast years.
An optical encoder is an electromechanical device that uses a light source, photosensitive detectors, and an optical grating to convert rotary or linear position to an electrical signal.
The optical encoder is composed of a light emitting device (LED), photo sensors, and a disc called a code wheel with slits (holes) in the radial direction, and detects rotational position information as an optical pulse signal. When a code wheel attached to a rotating shaft such as a motor rotates, an optical pulse is generated depending on whether light emitted from a fixed light emitting element passes through a slit of the code wheel or not. Photo sensor detects the optical pulse, converts it into an electrical signal, and outputs it.
Market Drivers
Industry 4.0 pursues the application of electronic and information technology in automated production. Industry 4.0, as a product of German government's wisdom, is sweeping across European industry. The United States also selectively introduced it into the whole industrial system. In highly industrialized areas, the development of Industry 4.0 promotes the further development of automated production. Throughout the world, the degree of industrialization is different, and every enterprise or regional industry is at a different stage. In the process of leapfrogging to Industry 4.0, it is necessary to invest not only equipment but also a large number of sensing devices and software to obtain real data in real time. As the sensor at the end of the whole machine, the optical encoders shoulder the role of capturing real data and executing the brain. Therefore, the optical encoder plays a very important role in it. With the popularization of Industry 4.0, the optical encoders market will also usher in new development opportunities.
With the progress and development of global economy, the degree of industrialization in Asia has gradually increased. The automobile, consumer electronics and industrial automation in India, China, Southeast Asia and other economies have increased greatly. Compared with Europe and America, the adoption rate of high-end technology in Southeast Asia is still very low, but these countries are witnessing the attraction of automation technology. The current development trend is that mass production manufacturers are transferring their production bases to Asia, especially Indonesia, Thailand and Malaysia. It can be predicted that the demand for optical encoders in these areas will further increase. The transformation of CNC machine tools in China is developing rapidly. To realize automatic control of these machine tools, optical encoders must be used. In addition, various numerical control and automatic machine tools produced in China every year also need a large number of optical encoders. With the industrial upgrading in Asia, automatic production lines gradually replace labor, especially driven by new energy automobile manufacturing, consumer electronics and medical care industries, the optical encoders market in Asia has grown significantly.
Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:
HEIDENHAIN is one of the major players operating in the Optical Encoders market, holding a share of 19.43% in 2021.
DR. JOHANNES HEIDENHAIN GmbH develops and produces linear encoders, angle encoders, rotary encoders, and CNC controls for demanding positioning tasks. Rounding out its product portfolio are touch probes, camera systems, length gauges, digital readouts, signal converters, testing devices, and inspection devices. What's more, its practical software solutions for the Digital Shop Floor empower end users to fully digitalize their manufacturing ecosystem.
Broadcom Inc. is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise and mainframe software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.
Segmentation Overview:
Among different product types, Incremental Encoders segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Consumer Electronics segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Optical Encoders market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Optical Encoders Market Report:
Market Size Estimates: Optical Encoders market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Optical Encoders market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Optical Encoders market
Segment Market Analysis: Optical Encoders market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Optical Encoders market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Optical Encoders Market: Revenue and sales volume of major countries in each region
Optical Encoders Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Optical Encoders market in major regions.
Optical Encoders Industry Value Chain: Optical Encoders market raw materials & suppliers, manufacturing process, distributors, downstream customers
Optical Encoders Industry News, Policies & Regulations
Key players in the global Optical Encoders market are covered in Chapter 12:
Inovance Technology
BEI Sensors
POSITAL
CUI
Yuheng Optics Co., Ltd.
Dynapar
Tokyo Sokuteikizai
Renishaw
Baumer Group
Broadcom
OMRON Corporation
HEIDENHAIN
EPC
SICK
CTS
Allied Motion
US Digital
Bourns
Kuebler
In Chapter 2 and Chapter 15.1, based on types, the Optical Encoders market from 2018 to 2028 is primarily split into:
Incremental Encoders
Absolute Encoders
In Chapter 3 and Chapter 15.2, based on applications, the Optical Encoders market from 2018 to 2028 covers:
Healthcare
Machine tool
Consumer Electronics
Assembly equipment
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Optical Encoders market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028