Encoders Market : Industry Trends and Technology 2024 - PowerPoint PPT Presentation

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Encoders Market : Industry Trends and Technology 2024

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The Encoder Market is expected to grow from USD 1.6 billion in 2019 to USD 2.4 billion by 2024 at a CAGR of 8.6% – PowerPoint PPT presentation

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Date added: 8 January 2020
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Title: Encoders Market : Industry Trends and Technology 2024


1
MarketsandMarkets Presents
Encoders Market by Type (Linear and Rotary),
Technology (Optical, Magnetic, and Others), End
Use (Automotive, Consumer Electronics,
Industrial, Food Beverage, Medical, Printing,
and Others), and Geography - Global Forecast to
2024 The encoders market is expected to grow
from USD 1.6 billion in 2019 to USD 2.4 billion
by 2024 at a CAGR of 8.6
2
MarketsandMarkets Presents
Industrial to account for largest share of
encoders market from 2019 to 2024 Industrial is
expected to be the key end use segment for
encoders. The industrial end use is growing
rapidly due to the increasing use of robotics in
welding, painting, assembly, and pick and place
for printed circuit boards, packaging and
labeling, and other applications. Encoders in
industrial applications are used for linear
measurement, registration mark timing, web
tensioning, backstop gauging, conveying, filling,
and more. The most common application is
providing feedback in motion control of electric
motors.
3
MarketsandMarkets Presents
Optical technology to boost demand for encoders
during forecast period Optical technology is
expected to hold the largest share of the
encoders market during the forecast period. This
growth is attributed to the wide-scale
application of optical encoders in the textile,
paper, wood, metal, rubber, plastics, consumer
electronics, and automation sectors. In addition,
owing to the need for more accurate data, the
demand for optical encoders is increasing. Downlo
ad PDF Brochure _at_ https//www.marketsandmarkets.co
m/pdfdownloadNew.asp?id14566162 Most
applications use optical encoders because of the
accuracy provided by them. Optical encoders do
not require any separate electronics to provide
position or exact location.
4
MarketsandMarkets Presents
Industrial to account for largest share of
encoders market from 2019 to 2024 Industrial is
expected to be the key end use segment for
encoders. The industrial end use is growing
rapidly due to the increasing use of robotics in
welding, painting, assembly, and pick and place
for printed circuit boards, packaging and
labeling, and other applications. Encoders in
industrial applications are used for linear
measurement, registration mark timing, web
tensioning, backstop gauging, conveying, filling,
and more. The most common application is
providing feedback in motion control of electric
motors.
5
MarketsandMarkets Presents
APAC to hold largest share of encoder market from
2019 to 2024 APAC is expected to hold the largest
share of the overall encoders market in 2019. The
market in APAC is also likely to exhibit the
highest CAGR during the forecast period. Major
factors driving the growth of the encoders market
in APAC is the increased demand for encoders in
countries such as China, Japan, and India from
the manufacturing, consumer electronics,
automotive, textile, and other end-use
industries.
6
MarketsandMarkets Presents
Major players in the encoders market
HEIDENHAIN Gmbh (Germany), POSITAL FRABA inc
(Germany), Sensata Technologies (US), Dynapar
Corporation (US), and Baumer Group (Switzerland)
7
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors.
8
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. Contact Mr.
Shelly Singh MarketsandMarkets INC.  630 Dundee
Road  Suite 430 Northbrook, IL 60062  USA
1-888-600-6441 
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