Enjoy complimentary customisation on priority with our Enterprise License!
The industrial encoder market share is expected to increase by USD 908.30 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9%.
This industrial encoder market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial encoder market segmentation by end-user (automotive, electronics, machine tools, and others) and geography (APAC, North America, Europe, South America, and MEA). The industrial encoder market report also offers information on several market vendors, including Baumer Holding AG, Dynapar Corp., Hengstler GmbH, ifm electronic GmbH, OMRON Corp., Pepperl+Fuchs AG, Pilz GmbH & Co. KG, Renishaw Plc, Rockwell Automation Inc., and SENSATA TECHNOLOGIES HOLDING PLC among others.
Download the Free Report Sample to Unlock the Industrial Encoder Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased use of advanced technology equipment in industries is notably driving the industrial encoder market growth, although factors such as contamination of encoders may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial encoder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Encoder Market Driver
The increased use of advanced technology equipment in industries will fuel the growth of the industrial encoder market size. Industrial encoders enable end-users to get real-time and accurate information about the exact positioning of any object. These encoders can be attached to any equipment in the end-user facilities and can calculate every movement of the object. The introduction of IoT, machine learning (ML), cognitive automation, and artificial intelligence (AI) have further led to the development of technologically advanced equipment. The adoption of automation across various end-user industries will drive the demand for advanced technology equipment, which, in turn, will propel the growth of the market in focus during the forecast period.
Key Industrial Encoder Market Trend
The need for precision and control in industries is identified as one of the primary growth factors for the industrial encoder market. Industrial encoders are advanced automation equipment used by industries for controlling the movement of different objects within a facility. Encoders help industries find the exact position of any object and the angle to which some pieces of equipment must be placed in order to get the desired outcome. Precision in the workflow, speed in the operations, and proper control of the processes are provided by the encoders. Encoders also aid in carrying out heavy feeding tasks in manufacturing industries and the fabrication of machine tools, which will help meet the demand for high productivity.
This industrial encoder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial encoder market encompasses successful business strategies deployed by the key vendors. The industrial encoder market is fragmented and the vendors are deploying growth strategies such as providing high-quality industrial encoders to the end-users to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial encoder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
42% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for industrial encoders in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The adoption of IoT across industries will facilitate the industrial encoder market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
To gain further insights on the market contribution of various segments Request for a FREE sample
The industrial encoder market share growth by the automotive segment will be significant during the forecast period. The automotive industry leads in terms of the market share of the industrial encoder market. The automotive industries require equipment that is used for lifting several parts of the automobiles and assemble them to form the final unit. All these processes require heavy use of industrial encoders to perform the processes precisely. However, the industrial encoder market share growth by the automotive segment will be slower than the electronics segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial encoder market size and actionable market insights on post COVID-19 impact on each segment.
Industrial Encoder Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
Market growth 2021-2025 |
$ 908.30 million |
Market structure |
Fragmented |
YoY growth (%) |
7.21 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, Japan, Germany, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Baumer Holding AG, Dynapar Corp., Hengstler GmbH, ifm electronic GmbH, OMRON Corp., Pepperl+Fuchs AG, Pilz GmbH & Co. KG, Renishaw Plc, Rockwell Automation Inc., and SENSATA TECHNOLOGIES HOLDING PLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.