Industrial Encoder Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, South Korea, Germany - Size and Forecast 2024-2028

Published: Apr 2024 Pages: 167 SKU: IRTNTR46605

Industrial Encoder Market Forecast 2024-2028

The industrial encoder market size is forecast to increase by USD 1.28 billion at a CAGR of 9.62% between 2023 and 2028. Market growth hinges on several factors, including the increasing demand for material handling systems driven by the need for efficient logistics operations. Additionally, the rising demand for encoders is fueled by their easy mountability, enhancing their usability across various applications. Furthermore, industries' increased adoption of advanced technology equipment contributes to market expansion as businesses seek to improve productivity and efficiency through automation and digitalization. These factors collectively drive the growth of the market, catering to the evolving needs of diverse industrial sectors. Our market report examines historic data from 2018-2022, besides analyzing the current and forecasted market scenario.

Furthermore, APAC is driven by attractive, high-quality, low-cost products. To cater to the widespread small and medium enterprises in the region, the regional market players are also expanding their research and development units to provide cost-effective yet best-in-class technology encoders to the region. This increases the threat of competition for international players. Additionally, FAULHABER GROUP company offers industrial encoders such as HEIDENHAIN angle encoders and rotary encoders. Fortive Corp. company offers industrial encoders such as incremental encoders with optical or magnetic measurement.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamics

The market plays a crucial role in motion control and automation systems, providing precise position sensing for various machinery. Encoders are essential devices that convert mechanical motion into analog or digital signals, often employing coded output signals for accurate feedback on linear or rotary movement. They find applications across multiple mechanical systems such as web tensioning, linear measurement, and filling processes. Integrated with electric motors and closed-loop servo systems, encoders ensure efficient operation and precise control, aiding in troubleshooting and enhancing overall controller performance. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver- Increased use of advanced technology equipment in industries

Industries across the world have become extremely competitive. Several market players, internationally well-established vendors, and new start-ups have made this competition stronger. Further innovation in technology resulted in the development of industrial encoders, which enabled end-users like aerospace and automotive industries 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 device.

Besides, troubleshoot involves diagnosing and resolving issues with devices, such as coded output signal discrepancies, ensuring precise linear movement and accurate backstop gauging in closed-loop servo system, commonly used in aerospace, automation systems, machinery, robotics, and packaging industries to optimize motion control. Further, the introduction of IoT, machine learning (ML), cognitive automation, and artificial intelligence (AI) have further led to the development of technologically advanced equipment. Thus, such factors will propel market growth during the forecast period.

Significant Market Trends- Advancement in communicating industries through IIoT

The IIoT in industries has enhanced communication among industries. They are connected with IIoT, which networks all pieces of industrial equipment with each other through cloud technology. These encoders help industries perform several activities precisely without keeping an eye on the different pieces of equipment. With the help of IIoT, the condition of the several encoders inside any facility can be easily known to the end-users. 

Further, rotary encoders are vital sensors that are responsible for motion-control feedback in aerospace, industrial, robotic, energy, and automation applications. These have played a vital role in the evolution of wireless data transmission and communication in IIoT. They are responsible for the networking of products and for the collection or transmission of additional information. Thus, the growing adoption of IIoT in communicating industries is expected to increase the adoption, which in turn is anticipated to propel market growth during the forecast period.

Major Market Challenge- Contamination of encoders

Encoders are ideal for use in all types of environments, whether the environment is normal or harsh. However, the materials used make them extremely prone to corrosion as they are deployed in different humid and dust-related operations. For example, in the automotive industry, automobiles are washed with water, painting is done on the automobiles, and services are provided to the already manufactured automobiles. In such facilities, humidity and dust particles prevail on the shop floor and get attached to different equipment/objects. In this condition, the encoders can be affected due to corrosion.

Due to this, the optimality and precision in the processes cannot be achieved, the control over speed and position is lost, and the encoder requires frequent changes or servicing. As a result, the end-users end up wasting much money on the entire encoder replacement or on frequent services. The time taken to complete an operation is also greater, and operational excellence is achieved in such cases. Moreover, despite the introduction of the new industrial encoder, the contamination of encoders has been one of the major challenges for industry players.

Market Segmentation by Type, End-user, and Geography

Type Segment Analysis:

The optical encoder segment will account for a major share of the market's growth during the forecast period.? The encoder is one of the important and widely used components in the automation industry, as it provides accurate position and speed measurement as well as feedback on a real-time basis to the end-users. It reduces the chances of recording a false reading and minimizes the machine error to a large extent. Optical encoders are being widely used across industries such as consumer electronics and automobiles due to the need for high-precision feedback for various functions such as conveying, motor feedback, registration mark timing, and X-Y positioning.

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The optical encoder segment was valued at USD 1.10 billion in 2018. Moreover, factors like the growing implementation of automation technologies across industries and the emergence of industry 4.0 and industrial Internet of Things (IIoT), increasing implementation of robotics, and advances in semiconductor packaging and assembly technologies are expected to increase the demand for the optical encoder in such application during the forecast period. Hence, the growing demand among industrial applications will drive the growth of the optical encoder segment of the market in focus during the forecast period.

End-user Segment Analysis:

Based on end-user, the market has been segmented into automotive, electronics, machine tools, and others. The automotive?segment will account for the largest share of this segment.? The automotive industry dominates the market share due to its extensive use in assembling automobiles. They ensure the precise positioning of vehicle parts during manufacturing processes, such as lifting, assembly, welding, and painting. They play a crucial role in minimizing wastage and ensuring quality control throughout the production cycle. As automotive facilities strive for efficiency and precision, the demand is expected to rise, driving market growth through the automotive segment during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 42% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. APAC countries like Japan, South Korea, and China are renowned for their innovative automotive manufacturing. They ensure precision and safety in material handling within automotive facilities. Additionally, the region's booming electronics sector, particularly in Singapore's semiconductor industry, drives demand for smart devices and equipment. With increasing investments in space exploration and IoT adoption across industries, APAC's industrial encoder market is poised for significant growth, surpassing other regions during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Baumer Holding AG: The company offers industrial encoders such as industrial encoders absolute, 28 mm integrated interface robust magnetic MAGRES EAM280, and incremental industrial encoders.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Hans Turck GmbH and Co. KG, DR. JOHANNES HEIDENHAIN GmbH, ifm electronic gmbh, maxon motor AG, OMRON Corp., Pepperl and Fuchs SE, Pilz GmbH and Co. KG, Renishaw Plc, Rockwell Automation Inc., Sensata Technologies Inc., and SIKO GmbH 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Optical encoder
    • Magnetic encoder
  • End-user Outlook 
    • Automotive
    • Electronics
    • Machine tools
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market encompasses a vast array of technologies vital for precision control in industrial settings. These include motion control systems, controllers, and sensor systems. Encoders like linear encoders and absolute encoders ensure accurate positioning, while high-precision encoders cater to specialized needs. They find applications in automotive testing equipment, medical equipment, and industrial automation, optimizing processes in large machinery. With advancements like smart encoders and wireless encoders, industries witness improved overall equipment effectiveness (OEE). These solutions, coupled with artificial intelligence-based systems, enhance operations across sectors like food & beverage, pharmaceutical, and chemical industries.

Further, the market is a crucial component in various sectors, including healthcare, electric vehicles, and the electric industry. Encoders ensure precision in display test equipment for technologies like LCD, OLED, and LED screens, monitoring brightness, pixel defects, and color temperature. They integrate with diagnostic tools and connectivity solutions, enabling efficient monitoring of temperature, vibration, and wear and tear in machines and industrial robots. Encoders also play pivotal roles in robotic surgery, dialysis, and physical therapy, contributing to oncological radiation treatment and laboratory analysis in the healthcare sector.

Market Scope

Report Coverage

Details

Page number

167

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.62%

Market Growth 2024-2028

USD 1.28 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

9.12

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Baumer Holding AG, FAULHABER GROUP, Fortive Corp., Hans Turck GmbH and Co. KG, DR. JOHANNES HEIDENHAIN GmbH, ifm electronic gmbh, maxon motor AG, OMRON Corp., Pepperl and Fuchs SE, Pilz GmbH and Co. KG, Renishaw Plc, Rockwell Automation Inc., Sensata Technologies Inc., and SIKO GmbH

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, and market condition analysis for the 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.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global industrial encoder market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global industrial encoder market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Optical encoder - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Optical encoder - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Optical encoder - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Optical encoder - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Optical encoder - Year-over-year growth 2023-2028 (%)
    • 6.4 Magnetic encoder - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Magnetic encoder - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Magnetic encoder - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Magnetic encoder - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Magnetic encoder - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Automotive - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.4 Electronics - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Electronics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Electronics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Electronics - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Electronics - Year-over-year growth 2023-2028 (%)
    • 7.5 Machine tools - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Machine tools - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Machine tools - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Machine tools - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Machine tools - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 64: Market opportunity by End-user ($ billion)
      • Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 South Korea - Market size and forecast 2023-2028
      • Exhibit 107: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Baumer Holding AG
              • Exhibit 119: Baumer Holding AG - Overview
              • Exhibit 120: Baumer Holding AG - Product / Service
              • Exhibit 121: Baumer Holding AG - Key offerings
            • 12.4 DR. JOHANNES HEIDENHAIN GmbH
              • Exhibit 122: DR. JOHANNES HEIDENHAIN GmbH - Overview
              • Exhibit 123: DR. JOHANNES HEIDENHAIN GmbH - Product / Service
              • Exhibit 124: DR. JOHANNES HEIDENHAIN GmbH - Key offerings
            • 12.5 FAULHABER GROUP
              • Exhibit 125: FAULHABER GROUP - Overview
              • Exhibit 126: FAULHABER GROUP - Product / Service
              • Exhibit 127: FAULHABER GROUP - Key offerings
            • 12.6 Fortive Corp.
              • Exhibit 128: Fortive Corp. - Overview
              • Exhibit 129: Fortive Corp. - Business segments
              • Exhibit 130: Fortive Corp. - Key news
              • Exhibit 131: Fortive Corp. - Key offerings
              • Exhibit 132: Fortive Corp. - Segment focus
            • 12.7 Hans Turck GmbH and Co. KG
              • Exhibit 133: Hans Turck GmbH and Co. KG - Overview
              • Exhibit 134: Hans Turck GmbH and Co. KG - Product / Service
              • Exhibit 135: Hans Turck GmbH and Co. KG - Key offerings
            • 12.8 ifm electronic gmbh
              • Exhibit 136: ifm electronic gmbh - Overview
              • Exhibit 137: ifm electronic gmbh - Product / Service
              • Exhibit 138: ifm electronic gmbh - Key offerings
            • 12.9 maxon motor AG
              • Exhibit 139: maxon motor AG - Overview
              • Exhibit 140: maxon motor AG - Product / Service
              • Exhibit 141: maxon motor AG - Key offerings
            • 12.10 OMRON Corp.
              • Exhibit 142: OMRON Corp. - Overview
              • Exhibit 143: OMRON Corp. - Business segments
              • Exhibit 144: OMRON Corp. - Key news
              • Exhibit 145: OMRON Corp. - Key offerings
              • Exhibit 146: OMRON Corp. - Segment focus
            • 12.11 Pepperl and Fuchs SE
              • Exhibit 147: Pepperl and Fuchs SE - Overview
              • Exhibit 148: Pepperl and Fuchs SE - Product / Service
              • Exhibit 149: Pepperl and Fuchs SE - Key offerings
            • 12.12 Pilz GmbH and Co. KG
              • Exhibit 150: Pilz GmbH and Co. KG - Overview
              • Exhibit 151: Pilz GmbH and Co. KG - Product / Service
              • Exhibit 152: Pilz GmbH and Co. KG - Key offerings
            • 12.13 Renishaw Plc
              • Exhibit 153: Renishaw Plc - Overview
              • Exhibit 154: Renishaw Plc - Business segments
              • Exhibit 155: Renishaw Plc - Key news
              • Exhibit 156: Renishaw Plc - Key offerings
              • Exhibit 157: Renishaw Plc - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 158: Rockwell Automation Inc. - Overview
              • Exhibit 159: Rockwell Automation Inc. - Business segments
              • Exhibit 160: Rockwell Automation Inc. - Key news
              • Exhibit 161: Rockwell Automation Inc. - Key offerings
              • Exhibit 162: Rockwell Automation Inc. - Segment focus
            • 12.15 Sensata Technologies Inc.
              • Exhibit 163: Sensata Technologies Inc. - Overview
              • Exhibit 164: Sensata Technologies Inc. - Business segments
              • Exhibit 165: Sensata Technologies Inc. - Key news
              • Exhibit 166: Sensata Technologies Inc. - Key offerings
              • Exhibit 167: Sensata Technologies Inc. - Segment focus
            • 12.16 SIKO GmbH
              • Exhibit 168: SIKO GmbH - Overview
              • Exhibit 169: SIKO GmbH - Product / Service
              • Exhibit 170: SIKO GmbH - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              industrial encoder market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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