Press release
Optical Encoder Market : Rising Application in Healthcare Equipment to Fuel Growth
Browse The Report: https://www.futuremarketinsights.com/reports/optical-encoder-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.
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.
Make an Enquiry @https://www.futuremarketinsights.com/reports/sample/rep-gb-1721
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.
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.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Website: http://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 : Rising Application in Healthcare Equipment to Fuel Growth here
News-ID: 721445 • Views: …
More Releases from Future Market Insights
European Ethyleneamines Market Outlook 2025-2035: Key Developments and Future Sc …
The global Ethyleneamines Market is on track for a decade of accelerated expansion, driven by rising consumption across adhesives, water treatment, automotive additives, crop protection, and high-performance resin systems. According to updated market projections, the industry-valued at USD 3.3 billion in 2025-is expected to reach USD 6.1 billion by 2035, advancing at a 6.4% CAGR.
Growth between 2025 and 2030 will lift market value from USD 3.3 billion to roughly USD…
Sodium Malate - Top Global Industry Trends in 2026
The global sodium malate market is witnessing steady expansion, fueled by the growing adoption of clean-label additives and pH regulators across the food, beverage, cosmetic, and pharmaceutical sectors. Rising consumer health consciousness and a preference for functional, low-calorie, and natural products are further driving the ingredient's demand as a flavor enhancer and acidity regulator.
To Explore Detailed Market Data, Segment-Wise Forecasts, and Competitive Insights, Request Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-9853
Projected to grow…
Eggshell Membrane Powder - Top Global Industry Trends in 2026
The global eggshell membrane powder market is witnessing significant momentum as consumers increasingly seek natural, bioactive ingredients for health and wellness applications. Rich in collagen, elastin, and glycosaminoglycans, eggshell membrane powder is driving innovation across nutraceuticals, functional foods, and personal care products, aligning with rising awareness of joint, bone, and skin health.
To Explore Detailed Market Data, Segment-Wise Forecasts, and Competitive Insights, Request Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-10068
Projected to grow from USD…
Egg-Free Mayonnaise - Top Global Industry Trends in 2026
The global egg-free mayonnaise market is poised for robust growth, reflecting consumers' growing preference for plant-based, vegan, and allergen-free food alternatives. Driven by health consciousness, ethical eating habits, and sustainability concerns, the market is evolving with innovations in taste, texture, and accessibility.
To Explore Detailed Market Data, Segment-Wise Forecasts, and Competitive Insights, Request Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-9550
The market is projected to expand from USD 4.9 billion in 2025 to USD 9.1…
More Releases for Rising
Robo Advisory Market is Rising
According to the latest research report published by Market Data Forecast, the global robo advisory market is expected to grow at a CAGR of 54.2% from 2024 to 2029, and the global market size is anticipated to be worth USD 154.6 billion by 2029 from USD 17.73 billion in 2024.
The robo advising market is expanding rapidly, fueled by technical developments and rising demand for automated financial solutions. These platforms use…
Internet of Vehicles Market is being pushed by rising car connectivity, rising e …
The Internet of Vehicles (IoV) is a term used to describe the interconnectedness of vehicles and the internet. It is also sometimes referred to as the Internet of Things for vehicles (IoV). The IoV is made up of a variety of interconnected technologies, including sensors, GPS systems, and wireless networks. These technologies allow vehicles to communicate with each other and with other devices, such as traffic lights and weather stations.…
Crypto High and Rising
Key Metrics Show Institutional Interest in Crypto and Ripple Is High and Rising
As institutions flock to crypto, here are the fundamental metrics that can be used to track their interest.
The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. And …
Rising Economic Growth and Rising jack-up rig market Analysis & Outlook (2017-20 …
“The Report Global Jack-Up Rig Market: Industry Analysis & Outlook (2017-2021) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
Rigs are giant structures or machines consisting of mud tanks, mud pumps, derrick or mast, draw works, rotary table, drill string, power generation equipments and auxiliary equipments. Rigs are used in drilling a wellbore. Some rigs are used on water and…
Global Advanced Wound Care Management Market: Rising Prevalence of Chronic Wound …
The global market for advanced wound care management is likely to witness a progressive growth throughout the forecast period. The rising focus of prominent players on research and development activities and innovations is estimated to encourage the growth of the overall market in the coming few years. Nevertheless, the high cost of products in comparison with the traditional methods is anticipated to restrict the growth of the global market in…
Advanced Wound Care Management Market: Rising Prevalence Of Chronic Wounds Key T …
The global market for advanced wound care management, being a highly technology- and research- oriented specialty sector of the overall wound care market, features few companies and a highly consolidated competitive landscape, observes a recent report by Transparency Market Research. The top four vendors in the market, namely Molnlycke Health Care, Smith and Nephew plc, Convatec, and Acelity L.P. Inc., accounted for a share of nearly 65% of the global…
