openPR Logo
Press release

Encoder Market worth $3.7 billion by 2026

05-24-2021 07:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to the new research report "Encoders Market with COVID-19 Impact, by Type (Linear and Rotary), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power, Healthcare), Signal Type, and Geography - Global Forecast to 2026", the global Encoder market size is expected to grow from USD 2.3 billion in 2021 to USD 3.7 billion by 2026, at a CAGR of 10.0%.The growth of this market is driven mainly by the need for high-end automation across industries, growth in adoption of Industry 4.0, the inclination toward advanced technologies amid COVID-19 pandemic, increasing demand for artificial intelligence, and upcoming technologies in the automotive industry.

Download PDF Brochure @

Inductive encoder technology is estimated to hold the largest growth rate of the Encoder market during the forecast period.

The inductive encoder technology is expected to held the largest CAGR of the encoder market during the forecast period. Inductive encoders are used to measure the displacement or rotation relative to a target. It finds various applications in electric motors, mobile devices, motorized zoom, and direct measurement of the rotation of gears used in various machines. The inductive encoders are manufactured using semiconductor technology, thus making them compact and highly accurate.

Rotary encoders to grow at highest CAGR from 2021 to 2026

Rotary encoders are electromechanical devices designed to measure the number of rotations, rotational angle, and rotational position of equipment. Whether incremental or absolute, magnetic, or optical, rotary encoders track motor shaft rotation to generate a digital position and motion information. They are used in a wide range of applications that require monitoring or control, or both, of mechanical systems, including industrial controls, robotics, photographic lenses, computer input devices, and rotating radar platforms.

The Encoder market in APAC is expected to grow at the highest CAGR from 2021 to 2026

APAC is expected to hold the largest growth rate of the global encoder market during the forecast period. The growth of encoders in the region is attributed the presence of numerous manufacturing hubs related to various industries. The increasing demand for energy-efficient production processes, coupled with the need for feedback systems, is expected to create opportunities for the encoder market in APAC. However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and the slowdown in production activities which have highly impacted the growth of the market, eventually impacting the economy.

Inquiry Before Buying @

Countries such as China, India, and South Korea are witnessing increasing demand for the encoder market. The concept of autonomous, electric, and connected cars has fueled the growth of the automotive industry in APAC, especially in China. The automotive industry in the country has been growing rapidly, and the country is playing an important role in the global automotive market further fueling the growth of the encoder market.

Major companies operating in this Encoder market include Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), and Renishaw plc (UK)

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

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 Encoder Market worth $3.7 billion by 2026 here

News-ID: 2288851 • Views: 398

More Releases from MarketsandMarkets

Advanced Ceramics Market | Key players operating in the market include Kyocera C …
According to recent market research "Advanced Ceramics Market by Material (Alumina, Zirconia, Titanate, Silicon Carbide), Application, End-Use Industry (Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical) and Region - Global Forecast to 2026", The global advanced ceramics market size is projected to reach USD 13.2 billion by 2026 from USD 10.3 billion in 2021, at a CAGR of 5.0% during the forecast period. Increasing demand for advanced ceramics in
High Purity Methane Gas Market worth $8.8 billion by 2025 | Key players operatin …
According to recent market research "High Purity Methane Gas Market by Storage & Distribution and Transportation, Application (Chemical Synthesis, Heat Detection, R &D Laboratory, Transistors & Sensors, Power Electronic), End-Use Industry, Region - Global Forecast to 2025", The global high purity methane gas market size is expected to grow from USD 6.8 billion in 2020 to USD 8.8 billion by 2025, at a CAGR of 5.2% during the forecast period. Browse
Space Sensors and Actuators Market worth $7.7 billion by 2026
According to a research report "Space Sensors and Actuators Market by Product Type (Sensors and Actuators), Platform (Satellites, CapsulesCargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), Application, End User, Region - Forecast to 2026" published by MarketsandMarkets, the space sensors and actuators market is projected to grow from USD 3.3 billion in 2021 to USD 7.7 billion by 2026, at a CAGR of 18.5%. from 2021 to 2026. The
Micro Battery Market worth $842 million by 2026
According to the new market research report “Micro Battery Market with COVID-19 Impact Analysis by Type (Thin-film, Printed, Solid-state Chip, Button Battery), Capacity, Rechargeability, Application (Medical Devices, Consumer Electronics, Smart Packaging) and Geography - Global Forecast to 2026”, the global micro battery market is projected to reach USD 842 million by 2026 from USD 326 million in 2021 at a CAGR of 20.9%. The growth of the micro battery market

All 5 Releases

More Releases for Encoder

Global Incremental Rotary Encoder Market Research Report
This report studies the global Incremental Rotary Encoder market status and forecast, categorizes the global Incremental Rotary Encoder market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions Get sample copy of the report: Table of Contents: Table of Contents Global Incremental Rotary Encoder Market Research Report 2018 1 Incremental Rotary Encoder Market Overview
Europe Video Encoder Market Report 2017 (Analog Encoder, Digital Encoder) Analys …
GlobalQYResearch published new market size, share, growth, trends report "Europe Video Encoder Market Report 2017 " Forecast 2022. This report studies sales (consumption) of Europe Video Encoder Market 2017, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering Analog Devices Intersil Corporation Motorola, Inc NXP Semiconductors. Micro Linear Corporation Conexant Systems, Inc Texas Instruments Asahi Kasei Microsystems Mitel
China Video Encoder Market Research Report 2017
Market Research Hub (MRH) has recently announced the addition of a fresh report, titled “China Video Encoder Market Research Report 2017” to its report offerings. The report covers the overall market of Video Encoder and provides major information on the current state of the industry. It acts as a valuable source of guidance and direction for companies as well as those entities interested in this market. This report studies Video
Absolute encoder with SIL-CL3 certificate
Johannes Huebner Giessen presents the new series of absolute encoders with SIL CL3 certificate for deployment in applications requiring certified compliance with functional safety requirements. Specifically developed for heavy industry the AMP(H) 41 (PROFIsafe via PROFIBUS DP) and AMPN(H) 41 (PROFIsafe via PROFINET IO) are certified to DIN EN 61508 up to Safety Integrity Level (SIL) CL3 and to EN ISO 13849 up to Performance Level (PL) e. Utilizing these
Huebner Giessen advances magnetic encoder technology
The new magnetic encoders MAG(-G) 50…1200 from Johannes Huebner GmbH can be installed without bearings or housing. The system is resistant to shocks and vibrations and transmits interference-free signals even under extreme conditions. It adds an alternative to the standard optical scanning principle, which has to be protected in a closed housing with a bearing-supported shaft. The magnetic scanning principle of Johannes Huebner GmbH uses a stationary sensor that records magnetic
New Watertight Encoder from GREATECS
Encoders are more frequently used for innovative operations that must endure harsh environments. The new watertight Encoders (EC97) from GREATECS feature sealed construction and meets the demanding requirement of IP67 for dust and water-tight performance. These components are particularly suited for outdoor applications. The new EC97 encoders have a resolution of 20 detents and 20 pulses per 360° rotation in standard configuration. The form and function of the rotary stainless steel