Optical Encoder Market by Type, End-user, and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 169

SKU: IRTNTR73036

Snapshot

The optical encoder market share is expected to increase by USD 2.20 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 19.07%.

This optical 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 optical encoder market segmentation by type (absolute encoder and incremental encoder), end-user (machine tools manufacturers, assembly equipment manufacturers, consumer electronics and semiconductor equipment manufacturers, healthcare equipment manufacturers, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The optical encoder market report also offers information on several market vendors, including Allied Motion Technologies Inc., Baumer Holding AG, Bourns Inc., Broadcom Inc., CODECHAMP SA, DR JOHANNES HEIDENHAIN GmbH, Fortive Corp., FRABA BV, Grayhill Inc., Gurley Precision Instruments Inc., HONEST SENSOR CORP., Honeywell International Inc., ifm electronic GmbH, Kempston Controls, MEGATRON Elektronik GmbH and Co. KG, Novanta Inc., OMRON Corp., Renishaw Plc, Rockwell Automation Inc., SENSATA TECHNOLOGIES HOLDING PLC, US Digital Corp., and Yuheng Optics Co. Ltd. among others.

What will the Optical Encoder Market Size be During the Forecast Period?

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Optical Encoder Market: Key Drivers, Trends, and Challenges

The growing demand for SMT equipment is notably driving the optical encoder market growth, although factors such as mechanical and environmental challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the optical encoder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Optical Encoder Market Driver

One of the key factors driving the global optical encoder industry growth is the growing demand for SMT equipment. Owing to the growing complexity of electronic products, the demand for high-quality assurance in the SMT placement processes is rising, thereby driving the demand for optical encoders integrated into SMT equipment. Another important reason for the market growth is the increasing investments by several firms in acquiring SMT equipment. For instance, in July 2017, Mycronic received an order for several SMT equipment from an unnamed customer located in the US. It included two MY300DX pick-and-place machines and 12 SMD Towers, the firm's intelligent storage solution. The total value of the order was estimated at USD 2.13 million. Several new orders are being placed for SMT equipment to meet the increasing demand for electronic components, thereby driving the growth of the market.

Key Optical Encoder Market Trend

Increasing interest in using drones across numerous applications is one of the key optical encoder market trends that is expected to impact the industry positively in the forecast period. Drones are considered to be one of the most advanced devices in the field of aeronautics and show great potential in a number of possible applications. Drones are used to deliver lightweight packages, inspect powerlines and grids, and for science and research (for documentation purposes). LiDAR systems or laser detection and ranging (LADAR) systems are used to operate drones. The optical system uses the optical encoder to measure speed, distance, and partial atmospheric parameters, such as the radar systems in large flight systems. Motors in the drones are combined with high accuracy and high precision encoders to enable excellent performance. Such factors will further support the market growth in the coming years.

Key Optical Encoder Market Challenge

One of the key factors impeding the global optical encoder industry growth is the mechanical and environmental challenges. The materials used for making encoders are extremely prone to corrosion, as they are deployed in various vibration and shock-related operations. In automotive industries, operations such as washing and painting are carried out. In such facilities, humidity and dust particles prevail on the floor and get attached to different equipment or objects, including encoders. When the pulse duty-cycle separation becomes erratic, the speed of the process of the metal with an optical encoder also becomes erratic. Shock and vibration can easily cause serious problems with the optical disks inside the encoder. With external forces, the disks can crack or shatter. Such factors could limit the market growth in the coming years.

This optical 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global optical encoder market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the optical encoder market during the forecast period.

Who are the Major Optical Encoder Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the optical encoder market encompasses successful business strategies deployed by the key vendors. The optical encoder market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

Allied Motion Technologies Inc. - The company offers Cloud AI products such as Amazon Polly, Amazon Transcribe, and Amazon SageMaker.
Bourns Inc. - The company offers Cloud AI products such as Vertex AI, Conversational AI, and CCAI.

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 optical 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.

Optical Encoder Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the optical encoder market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Optical Encoder Market?

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57% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for optical encoders in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of several electronic manufacturing services (EMS) firms such as Foxconn, Flextronics, and Murata Manufacturing and an increase in disposable income will facilitate the optical 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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 affected several industries in the region, including the end-user industry for optical encoders. The production plants for optical encoders across China, India, and Japan were shut down during the first quarter of 2020. However, since Q3 of 2021, the increase in vaccination and the relaxation of lockdown restrictions have increased the demand for optical encoders from end-user industries, this, in turn, is expected to positively impact the regional market's growth during the forecast period.

What are the Revenue-generating Type Segments in the Optical Encoder Market?

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The optical encoder market share growth by the absolute encoder segment will be significant during the forecast period. As these encoders have built-in reference data, they do not need additional expensive components for positioning applications. These encoders can provide the current position of an object even in the conditions of power failure or the machine is being switched off. Such factors will boost the demand for absolute encoders in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the optical encoder market size and actionable market insights on post COVID-19 impact on each segment.

Optical Encoder Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 19.07%
Market growth 2022-2026	$ 2.20 billion
Market structure	Fragmented
YoY growth (%)	13.87
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 57%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Allied Motion Technologies Inc., Baumer Holding AG, Bourns Inc., Broadcom Inc., CODECHAMP SA, DR JOHANNES HEIDENHAIN GmbH, Fortive Corp., FRABA BV, Grayhill Inc., Gurley Precision Instruments Inc., HONEST SENSOR CORP., Honeywell International Inc., ifm electronic GmbH, Kempston Controls, MEGATRON Elektronik GmbH and Co. KG, Novanta Inc., OMRON Corp., Renishaw Plc, Rockwell Automation Inc., SENSATA TECHNOLOGIES HOLDING PLC, US Digital Corp., and Yuheng Optics Co. Ltd.
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.

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What are the Key Data Covered in this Optical Encoder Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive optical encoder market growth during the next five years
Precise estimation of the optical encoder market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the optical encoder industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of optical encoder market vendors

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

Table of Contents

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 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 25: Chart on Type - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 27: Chart on Comparison by Type
- Exhibit 28: Data Table on Comparison by Type

5.3 Absolute encoder - Market size and forecast 2021-2026
- Exhibit 29: Chart on Absolute encoder - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Absolute encoder - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Absolute encoder - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Absolute encoder - Year-over-year growth 2021-2026 (%)

5.4 Incremental encoder - Market size and forecast 2021-2026
- Exhibit 33: Chart on Incremental encoder - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Incremental encoder - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Incremental encoder - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Incremental encoder - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Type
- Exhibit 37: Market opportunity by Type ($ million)

6 Market Segmentation by End-user

6.1 Market segments
- Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)

6.2 Comparison by End-user
- Exhibit 40: Chart on Comparison by End-user
- Exhibit 41: Data Table on Comparison by End-user

6.3 Machine tools manufacturers - Market size and forecast 2021-2026
- Exhibit 42: Chart on Machine tools manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Machine tools manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Machine tools manufacturers - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Machine tools manufacturers - Year-over-year growth 2021-2026 (%)

6.4 Assembly equipment manufacturers - Market size and forecast 2021-2026
- Exhibit 46: Chart on Assembly equipment manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Assembly equipment manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Assembly equipment manufacturers - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Assembly equipment manufacturers - Year-over-year growth 2021-2026 (%)

6.5 Consumer electronics and semiconductor equipment manufacturers - Market size and forecast 2021-2026
- Exhibit 50: Chart on Consumer electronics and semiconductor equipment manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Consumer electronics and semiconductor equipment manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Consumer electronics and semiconductor equipment manufacturers - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Consumer electronics and semiconductor equipment manufacturers - Year-over-year growth 2021-2026 (%)

6.6 Healthcare equipment manufacturers - Market size and forecast 2021-2026
- Exhibit 54: Chart on Healthcare equipment manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Healthcare equipment manufacturers - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Healthcare equipment manufacturers - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Healthcare equipment manufacturers - Year-over-year growth 2021-2026 (%)

6.7 Others - Market size and forecast 2021-2026
- Exhibit 58: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Others - Year-over-year growth 2021-2026 (%)

6.8 Market opportunity by End-user
- Exhibit 62: Market opportunity by End-user ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 64: Chart on Market share by geography 2021-2026 (%)
- Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison
- Exhibit 66: Chart on Geographic comparison
- Exhibit 67: Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2021-2026
- Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.4 Europe - Market size and forecast 2021-2026
- Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026
- Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026
- Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 China - Market size and forecast 2021-2026
- Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)

8.9 US - Market size and forecast 2021-2026
- Exhibit 92: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on US - Year-over-year growth 2021-2026 (%)

8.10 Japan - Market size and forecast 2021-2026
- Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.11 Germany - Market size and forecast 2021-2026
- Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.12 South Korea - Market size and forecast 2021-2026
- Exhibit 104: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 105: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 106: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 107: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography
- Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

10.4 Industry risks
- Exhibit 112: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 113: Vendors covered

11.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

11.3 Allied Motion Technologies Inc.
- Exhibit 115: Allied Motion Technologies Inc. - Overview
- Exhibit 116: Allied Motion Technologies Inc. - Business segments
- Exhibit 117: Allied Motion Technologies Inc. - Key offerings
- Exhibit 118: Allied Motion Technologies Inc. - Segment focus

11.4 Baumer Holding AG
- Exhibit 119: Baumer Holding AG - Overview
- Exhibit 120: Baumer Holding AG - Product / Service
- Exhibit 121: Baumer Holding AG - Key offerings

11.5 Bourns Inc.
- Exhibit 122: Bourns Inc. - Overview
- Exhibit 123: Bourns Inc. - Product / Service
- Exhibit 124: Bourns Inc. - Key offerings

11.6 Broadcom Inc.
- Exhibit 125: Broadcom Inc. - Overview
- Exhibit 126: Broadcom Inc. - Business segments
- Exhibit 127: Broadcom Inc. - Key news
- Exhibit 128: Broadcom Inc. - Key offerings
- Exhibit 129: Broadcom Inc. - Segment focus

11.7 CODECHAMP SA
- Exhibit 130: CODECHAMP SA - Overview
- Exhibit 131: CODECHAMP SA - Product / Service
- Exhibit 132: CODECHAMP SA - Key offerings

11.8 Fortive Corp.
- Exhibit 133: Fortive Corp. - Overview
- Exhibit 134: Fortive Corp. - Business segments
- Exhibit 135: Fortive Corp. - Key news
- Exhibit 136: Fortive Corp. - Key offerings
- Exhibit 137: Fortive Corp. - Segment focus

11.9 Grayhill Inc.
- Exhibit 138: Grayhill Inc. - Overview
- Exhibit 139: Grayhill Inc. - Product / Service
- Exhibit 140: Grayhill Inc. - Key offerings

11.10 Gurley Precision Instruments Inc.
- Exhibit 141: Gurley Precision Instruments Inc. - Overview
- Exhibit 142: Gurley Precision Instruments Inc. - Product / Service
- Exhibit 143: Gurley Precision Instruments Inc. - Key offerings

11.11 Novanta Inc.
- Exhibit 144: Novanta Inc. - Overview
- Exhibit 145: Novanta Inc. - Business segments
- Exhibit 146: Novanta Inc. - Key news
- Exhibit 147: Novanta Inc. - Key offerings
- Exhibit 148: Novanta Inc. - Segment focus

11.12 SENSATA TECHNOLOGIES HOLDING PLC
- Exhibit 149: SENSATA TECHNOLOGIES HOLDING PLC - Overview
- Exhibit 150: SENSATA TECHNOLOGIES HOLDING PLC - Business segments
- Exhibit 151: SENSATA TECHNOLOGIES HOLDING PLC - Key news
- Exhibit 152: SENSATA TECHNOLOGIES HOLDING PLC - Key offerings
- Exhibit 153: SENSATA TECHNOLOGIES HOLDING PLC - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 154: Inclusions checklist
- Exhibit 155: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 156: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 157: Research methodology
- Exhibit 158: Validation techniques employed for market sizing
- Exhibit 159: Information sources

12.5 List of abbreviations
- Exhibit 160: List of abbreviations

In January, the company announced that the name of the new global industrial company which is expected to separate from Fortive later 2020 will be Vontier Corpo.

Methodology

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

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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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