Global Rotary Encoder Market Overview
According to SPER Market Research, the Global Rotary Encoder Market is estimated to reach USD 1.56 billion by 2032 with a CAGR of 4.95%.
The angular movement of the shaft can be converted into an analog digital output signal using devices called rotary encoders. Some of the popular varieties of rotary encoders are optical, mechanical, capacitive, and magnetic ones. They are extensively used by a variety of end customers, including those in the automotive, aerospace, electronics, healthcare, manufacturing, packaging, and other industries. The primary driver of market expansion will likely be the industry's increased automation together with the expanding demand from the vehicle sector. For the forecast period, it is anticipated that rising usage in the aerospace sector, expansion in the automotive industry, and rising popularity of rotary encoders in the electronics industry will fuel the market's overall growth. Additionally, the adoption of automation across a number of industries has been greatly accelerated by digitization and the industry 4.0 revolution, which is expected to restrain market growth. Encoders are also being used more frequently in the manufacture of cars by automakers as they provide real-time speed, acceleration, and rotational position information to the automated guided vehicle controller. These factors, along with others, will further depress market value for the forecast period. On the other hand, a market limitation is the lack of product differentiation.
Impact of COVID-19 on the Global Rotary Encoder Market
Industries have been searching for automation to reduce human involvement and increase productivity ever since COVID-19 first emerged. For instance, top grocery stores and retail chains are looking into ways to assure quicker, automated self-checkouts that reduce human contact and keep customers and staff members safe. The printing industry, which has also been affected by the pandemic, has also seen increased investment in automation and automated printing technology. The demand for encoders has been fueled by Industry 4.0 and automation. The COVID-19 pandemic is accelerating Industry 4.0 adoption and moving businesses from all industries to a more advanced state of IoT technology and workflow. Every manufacturing was impacted by the COVID-19 problem in some way, and for many this poses an existential threat.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Product, By Application, By End User
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Baumer Electric AG, Bourns, Inc., Dr. Johannes Heidenhain GmbH, Hans Turck GmbH & Co. KG, Heidenhain, Honeywell International Inc., Koyo Electronics Industries Co., Ltd., Kubler Group, Leine & Linde AB, MTS Systems, Nemicon Corp., Noyotechnik U.S. Inc., OMRON Corporation, Pepperl+Fuchs, Renishaw plc, Sensata Technologies, Inc, TE Connectivity, TR-Electronic GmbH
|
Global Rotary Encoder Market Segmentation:
1. By Type:
- Capacitive
- Magnetic
- Mechanical
- Optical
2. By Product
- Absolute Rotary Encoders
- Incremental Rotary Encoders
3. By Application:
- Elevator Industry
- Food and Packaging
- Machine Tools
- Material Handling
- Motion Systems
- Robotics
- Others
4. By End User:
- Aerospace
- Automotive
- Electronics
- Healthcare
- Manufacturing
- Packaging
5. By Region:
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Rotary Encoder Market (FY’2019-FY’2032)
- Overview of Global Rotary Encoder Market
- Segmentation of Global Rotary Encoder Market By Type (Capacitive, Magnetic, Mechanical, Optical)
- Segmentation of Global Rotary Encoder Market By Product (Absolute Rotary Encoders, Incremental Rotary Encoders)
- Segmentation of Global Rotary Encoder Market By Application (Elevator Industry, Food and Packaging, Machine Tools, Material Handling, Motion Systems, Robotics, Others)
- Segmentation of Global Rotary Encoder Market By End User (Aerospace, Automotive, Electronics, Healthcare, Manufacturing, Packaging, Others)
- Statistical Snap of Global Rotary Encoder Market
- Global Rotary Encoder Market Growth Analysis
- Problems and Challenges in Global Rotary Encoder Market
- Global Rotary Encoder Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Rotary Encoder Market
- Details on Recent Investment in Global Rotary Encoder Market
- Competitive Analysis of Global Rotary Encoder Market
- Major Players in the Global Rotary Encoder Market
- SWOT Analysis of Global Rotary Encoder Market
- Global Rotary Encoder Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Rotary Encoder Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Rotary Encoder Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Rotary Encoder Market
7. Global Rotary Encoder Market, By Type, 2019-2032 (USD Million)
7.1 Capacitive
7.2 Magnetic
7.3 Mechanical
7.4 Optical
8. Global Rotary Encoder Market, By Product, 2019-2032 (USD Million)
8.1 Absolute Rotary Encoders
8.2 Incremental Rotary Encoders
9. Global Rotary Encoder Market, By Application,2019-2032 (USD Million)
9.1 Elevator Industry
9.2 Food and Packaging
9.3 Machine Tools
9.4 Material Handling
9.5 Motion Systems
9.6 Robotics
9.7 Others
10. Global Rotary Encoder Market, By End User, 2019-2032 (USD Million)
10.1 Aerospace
10.2 Automotive
10.3 Electronics
10.4 Healthcare
10.5 Manufacturing
10.6 Packaging
10.7 Others
11. Global Rotary Encoder Market, By Region, 2019-2032 (USD Million)
11.1 Global Rotary Encoder Market and Market Share by Region (2019-2025)
11.2 Global Rotary Encoder Market and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Baumer Electric AG
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Bourns, Inc.
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Dr. Johannes Heidenhain GmbH
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Hans Turck GmbH & Co. KG
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Heidenhain
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Honeywell International Inc.
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Koyo Electronics Industries Co., Ltd.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Kubler Group
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Leine & Linde AB
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 MTS Systems
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Nemicon Corp.
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Noyotechnik U.S. Inc.
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 OMRON Corporation
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Pepperl+Fuchs
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Renishaw plc
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
12.16 Sensata Technologies, Inc
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
12.17 TE Connectivity
12.17.1 Company details
12.17.2 Financial outlook
12.17.3 Product summary
12.17.4 Recent developments
12.18 TR-Electronic GmbH
12.18.1 Company details
12.18.2 Financial outlook
12.18.3 Product summary
12.18.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
