Press release
Global Optical Encoders Industry Analysis and Opportunity Assessment 2017-20222 – Market Research HUB
MRH
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This report offers a 10-year forecast for the global optical encoder market between 2016 and 2026. The market is expected to register a CAGR of 8.7% and 19.9% in terms of value and volume respectively during the forecast period. The study demonstrates the market attractiveness, dynamics and trends in all seven regions, which influence the current nature and future status of the global optical encoder market over the forecast period.
Some of the drivers identified in the market include rising adoption of advanced motion control systems in various sectors, including construction machinery, offshore equipment, military & aerospace equipment, automotive and alternative energy systems. Also, growing demand for improved automated controls for industrial applications to reduce costs and improve performance has been identified as one of the major factors driving growth of the global optical encoder market.
Increasing demand for enhanced resolution and accuracy for optical and magnetic technologies and shift towards absolute encoders across various applications in the automotive sector are prominent trends associated with the global optical encoder market.
Key Segments Covered:
By configuration
- Incremental
- Shafted
- Hollow Shaft
- Absolute Single Turn
- Multi-turn
By Output signal format
- Analog
- Digital
By End User
- IT & Telecommunication Industry
- Public Sector
- Manufacturing Industry
- Automobile Industry
- Space and Aviation Industry
- Instrumentation, Test & Measurement Equipment Industry
- Consumer Electronics Industry
- Rest of Manufacturing Industry
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