Press release
Optical Encoder Market will Increase at a CAGR of 8.7% during 2016-2026
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.
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.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1721
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.
Send An Enquiry@ http://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%.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: 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 will Increase at a CAGR of 8.7% during 2016-2026 here
News-ID: 459303 • Views: …
More Releases from Future Market Insights
Global Pallet Pooling Market Outlook 2025-2035: Growth Accelerates on Sustainabl …
Global Pallet Pooling Market: Growth Outlook and Strategic Context
The global Pallet Pooling Market is witnessing sustained expansion, supported by rising global trade volumes, growing emphasis on supply chain efficiency, and increasing adoption of sustainable logistics solutions. Valued at USD 8.5 billion in 2025, the market is forecast to reach USD 15.4 billion by 2035, registering a CAGR of 6.1% over the forecast period.
The transition from pallet ownership to rental-based pooling…
Global Industrial Safety Products Market to Reach USD 36.9 Billion by 2036 with …
Industrial Safety Products Market Growth to 2036
The Industrial Safety Products Market is poised for strong growth, expanding from USD 18.6 billion in 2026 to USD 36.9 billion by 2036, reflecting a CAGR of 7.1%. This growth is driven by increasing regulatory requirements across manufacturing, oil & gas, construction, healthcare, and logistics industries, emphasizing worker protection, compliance, and risk mitigation.
Subscribe for Year-Round Insights → Stay ahead with quarterly and annual data…
Spectrum Monitoring and Interference Analysis Systems Market Growth Outlook 2026 …
Market Overview: Growth Fueled by Wireless Expansion
The Spectrum Monitoring and Interference Analysis Systems Market is poised for significant growth, projected to expand from USD 1.8 billion in 2026 to USD 3.7 billion by 2036 at a CAGR of 7.5%. This surge is driven by rising 5G adoption, proliferation of IoT devices, and increasingly complex radio frequency (RF) environments, which demand robust interference detection and analysis capabilities.
Subscribe for Year-Round Insights →…
Dynamic Measurement System Market Growth Outlook 2026-2036 Driven by Real-Time D …
The global Dynamic Measurement System Market is witnessing steady expansion as industries intensify their reliance on real-time, high-precision data for performance monitoring and safety assurance. Valued at USD 1.1 billion in 2026, the market is projected to reach USD 2.3 billion by 2036, growing at a CAGR of 7.70%. This growth is strongly linked to rising adoption across automotive, aerospace, energy, manufacturing, and research sectors, where time-sensitive data plays a…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
