openPR Logo
Press release

Optical Encoder Market is expected to increase at a CAGR of 8.7%, in terms of revenues during the forecast period 2016-2026.

09-18-2018 10:00 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Optical Encoder Market is expected to increase at a CAGR of 8.7%,

Rising demand for advanced automation systems will continue to positively impact global optical encoder market revenues. The global market, valued at US$ 1,357.4 Mn in 2015, is expected to register a y-o-y growth rate of 11.3 % and attain a market value worth US$ 1,464.5 Mn in 2016. Growing demand for high-quality assurance in surface mount technology (SMT) placement processes and increasing acceptance of advanced motion control systems will continue to drive the growth of the market.

The considerable rise in the implementation of advanced absolute encoders by the manufacturers of SMT placement equipment is providing favourable growth opportunities to manufacturers. Prominent industrial applications of optical encoders in elevators, medical diagnostics, robotics, and machine controls are serving as the primary factors leading to the expansion of the global optical encoders market. However, limitations related to complexity and delicate parts, and decreasing prices due to OEM pressures in developed economies are some of the key challenges restraining adoption of optical encoders.

A sample of this report is available upon request@ https://www.futuremarketinsights.com/reports/sample/rep-gb-1721

On the basis of the output signal format, the global optical encoder market will witness a significant rise in the volumes of digital output optical encoders as they are expected to replace the existing analog optical encoders. In 2016, the digital output optical encoders segment is projected to reach 1,194.6 Mn in revenues.

By configuration, the shafted-type optical encoders will continue to gain traction, and further its market share to 33% in 2016. Demand for hollow shaft type optical encoders, as well as absolute single turn and multi-turn encoders is also expected to witness steady growth in 2016 and beyond.

The use of optical encoders in healthcare equipment is expected to dominate the application-based segment of the global optical encoders market. The healthcare segment is expected to generate revenues of US$ 243.3 Mn by 2016-end. Application of optical encoders in consumer electronics, robotic and assembly equipment, as well as semiconductor manufacturing equipment is likely to augment the market size of the global optical encoders market.

By end-user, telecommunication and IT sector will continue to account for a significant share of global revenues, whereas space and aviation segment will remain the leading manufacturing end-user of the global optical encoders market.

North America will maintain its position as the most lucrative market for optical encoders, with total revenues expected to reach US$ 401.7 Mn in 2016. Adoption of optical encoders is expected to gain traction in Asia Pacific owing to rising adoption of smart devices and smart city incentives in India, South Korea, and China.

Manufacturers will need to enhance production capacity and product quality to cater to the burgeoning demand for optical encoders. Rockwell Automation Inc. (Allen-Bradley), Sensata Technologies, Inc. (BEI Sensors), Renishaw PLC, Dynapar (Danaher Corporation), Allied Motion Technologies Inc., Codechamp SA, US Digital, Bourns Inc., GrayHill Inc., and Honeywell International Inc. are some of the key players driving the growth of the global market.

Request report Toc@ https://www.futuremarketinsights.com/askus/rep-gb-1721

Long-term Outlook: The global optical encoder market is expected to increase at a CAGR of 8.7%, in terms of revenues, and 19.9%, in terms of volumes, during the forecast period 2016-2026. North America will account for the highest market share, while Asia Pacific will register market expansion at a CAGR of 8.8%.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Optical Encoder Market is expected to increase at a CAGR of 8.7%, in terms of revenues during the forecast period 2016-2026. here

News-ID: 1244548 • Views: 107

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small