optical encoder market is expected at a CAGR of 19.9%, in terms of volumes, during the forecast period 2016-2026
Optical Encoder Market: Key Drivers
Rising adoption of advanced motion control systems, need for more enhanced automation and increasing demand for high quality assurance in surface mount technology (SMT) placement processes are driving growth of the optical encoders market globally. Advanced motion control systems are increasingly being adopted in various sectors, including construction machinery, offshore equipment, military & aerospace equipment, automotive and alternative energy systems. Also, there is growing demand for improved automated controls for industrial applications to improve performance, reduce costs and improve productivity.
Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1721
The global optical encoder market was valued at US$ 1.4 Bn with market volume of 7.5 Mn units in 2015, which is expected to expand at a CAGR of 8.7 % (by value) and 19.9% (by volume) during the forecast period (2016–2026). Increasing deployment of advanced absolute encoders by SMT placement equipment manufacturers is expected to be a factor driving growth of the global optical encoders market during the forecast period.
The global optical encoder market is classified on the basis of configuration, output signal format, end user, application and region. On the basis of configuration, the market is segmented into incremental, shafted, hollow shaft, absolute single turn and multi-turn.
Optical Encoder Market Segmentation
On the basis of output signal format, the market is segmented into analog and digital.
On the basis of end user, the market is segmented into IT & telecommunication industry, public sector, manufacturing industry and others. Manufacturing industry is further sub-segmented into automobile industry, space and aviation industry, instrumentation, test & measurement equipment industry, consumer electronics industry and rest of manufacturing industry.
On the basis of application, the market is segmented into healthcare equipment, assembly and robotics equipment, consumer electronics & semiconductor manufacturing equipment and metalworking equipment.
Region-wise Analysis on Global Optical Encoder Market
Among regions, North America market held largest revenue share of the global optical encoder market at US$ 366.5 Mn with market volume of 2.0 Mn units in 2015. Robustly competitive manufacturing sector along with industry leaders and policymakers adopting new and advanced technologies to enhance productivity are factors expected to drive market growth in the region.
Asia Pacific market is anticipated to witness substantial expansion at a CAGR of 8.8% during the forecast period, as increasing demand for fibre optic communication in countries such as India, South Korea, China, Singapore and Malaysia due to increasing adoption of smart devices and smart city incentives is spurring growth of the global optical encoder market during the forecast period.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1721
optical encoder market
Optical Encoder Market: Competitive Landscape
Some key players covered in the global optical encoder market report include GrayHill Inc., US Digital, Codechamp SA, Bourns Inc., Rockwell Automation Inc. (Allen-Bradley), Honeywell International Inc., Renishaw PLC, Allied Motion Technologies Inc., Sensata Technologies, Inc. (BEI Sensors) and Dynapar (Danaher Corporation).
About Us – 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 centers in the U.S. and India.
Future Market Insights
616 Corporate Way,
New York 10989,
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 optical encoder market is expected at a CAGR of 19.9%, in terms of volumes, during the forecast period 2016-2026 here
News-ID: 484889 • Views: 225
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
More Releases for Optical
LP INFORMATION recently released a research report on the Optical Deflector analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. “Global Optical Deflector Market 2020-2025” Research Report categorizes the global Optical Deflector by key players, product type, applications and regions,etc. The report also covers the latest industry data, key
Optical Isolator Market
The optical isolator has numerous devices which uses optical cavity. These optical cavities do not require any feedback after transmission, which generates the need for optical isolators. The optical isolators are the passive magneto-optic devices, which allow the transmission of light in one direction. The optical isolator work on Faraday Effect and comprises Faraday rotator with magnet, input polarizer, and output polarizer. Therefore, the I/P polarizer is arranged to act
1001 Optical Chatswood Chase
Providing the utmost in convenience and giving you the vision you desire, right here in Chatswood Chase. Providing the utmost in convenience and giving you the vision you desire, right here in Chatswood Chase. 1001 Optical Chatswood Chase Shop B045, LG Level, Chatswood Chase Shopping Centre, 345 Victoria Avenue Chatswood, NSW 2067
1001 Optical World Square
Great lenses, great frames, great optical services, right where you need them in World Square, Sydney Great lenses, great frames, great optical services, right where you need them in World Square, Sydney Shop 9.09A, LG Level, World Square Shopping Centre, 680 George Street, Sydney, NSW 2000
Optical Transceivers Market | MarketResearchReports.biz
Latest industry research report on: Optical Transceivers Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts The vendors in the optical transceivers industry have invested in high-quality technology and processes to develop leading edge broadband network capability. Internet, enterprise augmented reality, and IoT Drive optical network adoption as the mega data centers are poised for significant growth to support trillion-dollar app markets. Global adoption of the Internet
Optical Comparator Market
A comparator basically indicates the size difference between the work being measured and the standard, with sufficient magnification. A profile projector or optical comparator is a device that applies the laws of optics to measure the dimensions of small manufactured parts on a translucent screen. An optical comparator is an inspection machine that measures the dimensions of small manufactured parts at a fast rate and with high precision by projecting