The encoder market size is projected to reach US$ 6.21 billion by 2031 from US$ 2.81 billion in 2023. The market is expected to register a CAGR of 10.4% during 2023–2031. The emerging usage of encoders in medical and healthcare devices is likely to bring in new trends in the market in the coming years.
Encoder Market Analysis
The rise in demand from the automotive industry; the high demand for industrial automation solutions among small, medium, and large enterprises; and manufacturers' focus on manufacturing new cars are a few of the significant factors driving the encoder market. Furthermore, increasing investment in robotics and industrial automation solutions increases the global demand for encoders. Additionally, technological advancement and integration of advanced technologies such as industrial Internet of Things (IIoT) technology, high-speed encoders, HD phased-array photo sensors, and a blue LED chip in encoders that reduce operating costs are expected to create opportunities for the market growth during the forecast period. Moreover, the rise in demand for customized encoders, manufacturers' focus on developing mini encoders, and an increase in research and development activities are propelling the encoder market.
Encoder Market Overview
An encoder is a device that transforms motion into an electrical signal that might be read by a motion control device such as a counter or PLC. It translates information from one format or code to another, usually by changing physical motion or position into a digital signal. The encoder sends out a feedback signal that can be used to calculate position, speed, and direction. This procedure is necessary for maintaining uniformity, speed, and compression in a variety of technical applications. Encoders play a critical role in translating mechanical movements into usable electrical data, which is required for accurate system control and automation. Encoders are critical components of modern technology that ensure precision and control in a wide range of applications, including industrial machinery and consumer electronics. This level of precision is essential for tasks requiring high accuracy, such as assembly lines and surgical robots. Encoders are used in consumer electronics devices such as mice and keyboards to translate user actions into digital signals that computers can handle, thereby improving user experience and engagement.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Encoder Market: Strategic Insights
Market Size Value in US$ 1,748.4 Million in 2020 Market Size Value by US$ 3,447.7 Million by 2027 Growth rate CAGR of 10.2% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Encoder Market: Strategic Insights
| Market Size Value in | US$ 1,748.4 Million in 2020 |
| Market Size Value by | US$ 3,447.7 Million by 2027 |
| Growth rate | CAGR of 10.2% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Encoder Market Drivers and Opportunities
Rise in Demand from Automotive Industry
Cars are increasingly being equipped with a range of advanced and digital technologies to make driving safer and more comfortable for users. Encoders play an important role in the automobile industry, improving the precision, performance, and safety of many vehicle systems. In modern and electric cars, encoders are employed in a variety of applications, including electric power steering (EPS) systems, motor control systems, anti-lock braking systems (ABS), traction control systems, headlight position control, and battery systems, among others. In EPS systems, encoders are used to monitor the steering wheel's position by ensuring exact control and response. Similarly, in ABS and traction control systems, encoders are employed to detect and prevent wheel slide, which supports enhancing vehicle stability. For instance, according to the International Energy Agency’s (IEA) annual Global Electric Vehicle Outlook 2024, nearly 14 million electric cars were sold worldwide in 2023, which is 3.5 million higher than in 2022, a 35% year-on-year increase; this brings the total number of cars on the roads to be 40 million. This growth in the number of cars shows that the electric cars’ share of the overall car market has risen to 18% in 2023, up from 14% in 2022. The increasing sales of electric cars worldwide boost the adoption of encoders among automotive manufacturers for motor control in electric and hybrid vehicles. These encoders provide exact feedback on motor speed, position, and direction, allowing for better energy efficiency and improved performance. The dependability and accuracy of feedback provided by encoders are critical for users and manufacturers to enhance vehicle handling, achieve safety regulations, and enhance autonomous driving technology. Further, the advancement in the automotive industry and increasing development in automation and electrification surge the demand for high-precision encoders. High-precision encoders are employed in autonomous driving systems such as adaptive cruise control, which uses wheel speed and position to manage acceleration and braking. Therefore, the growing demand for encoder ICs from the automotive industry drives the encoder market.
Technological Advancements in Encoders
The increasing demand for industrial automation, energy efficiency, and sustainable solutions among industries is boosting the need for technologically advanced encoders worldwide. Integrating advanced technologies such as industrial Internet of Things (IIoT) and advanced products, including high-speed encoders, HD phased-array photo sensors, and a blue LED chip, with encoders can provide advanced monitoring and control features, which might further enable real-time data collection and analysis. For instance, MELEXIS launched MLX90382, a high-speed encoder IC for industrial automation, robotics, and mobility solutions. MLX90382 is an absolute magnetic encoder IC integrated with a monolithic magnetic position sensor. It combines a hall magnetic front end, an analog-to-digital converter, on-chip digital signal processing with zero latency, and multiple output drivers, making the device suitable for electric motor-driven applications, such as robotic arms, industrial weaving machines, and automated packaging machines. The MLX90382's miniature size, stray field immunity, and support for both on-axis and off-axis sensing allow for smooth integration into micro-motors. These encoders are designed to fulfill the industry's need for high-speed feedback that is essential to correct the functioning and safety of electric motor-driven applications.
According to Valin Corporation data of December 2022, IIoT provides substantial benefits to encoders by improving data accessibility, performance, and reliability. IIoT offers real-time monitoring and remote diagnostics, allowing workers to continuously track encoder conditions and performance by eliminating downtime. For instance, Kubler's Sendix industrial ethernet encoder with an integrated OPC UA interface is highly suitable for IIoT applications. It is capable of automating control-independent communication to a cloud solution or another higher-level system. The configuration of the encoder via the Internet allows cross-system communication and eliminates faults quickly and efficiently in the event of a failure. For instance, Kubler Industrial Ethernet encoders integrated with the Profinet, EtherCAT, or EtherNet/IP interfaces support the OPC UA interface, thereby increasing versatility and allowing data to be transmitted to the control, web server, or cloud simultaneously. Integrating encoders with IIoT-enabled systems allows data from these devices to be gathered, processed, and stored on cloud-based platforms, offering important insights into equipment patterns and operational efficiencies.
Thus, technological advancements in encoders are expected to create opportunities for the encoder market growth during the forecast period.
Encoder Market Report Segmentation Analysis
Key segments that contributed to the derivation of the encoder market analysis are type and technology.
- Based on type, the encoder market is divided into linear and rotary. The rotary segment held a larger share of the market in 2023.
- Based on technology, the encoder market is segmented into optical, magnetic, inductive, and others. The optical segment held the largest share of the market in 2023.
Encoder Market Share Analysis by Geography
The geographic scope of the encoder market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East and Africa, and South and Central America.
North America held a significant market share in 2023. The US, Canada, and Mexico are among the major economies in North America. The region contributes a noteworthy share to the global encoder market owing to the growing investments by industries toward the adoption of robots. For instance, according to the International Federation of Robotics (IFR) data published in April 2024, industries in the US, Canada, and Mexico are investing heavily in adopting and installing robots for automating industrial processes. Automotive, electrical, electronics, and manufacturing are the major industries investing significantly in robotics technologies, increasing the demand for encoders to navigate the position, speed, and motion of robotic parts.
The US is the world's second-largest producer of cars and light vehicles after China. Automobile market sales in the US increased by 1%, with a record of 14,678 robots installed in 2023, which increased by 47% with 14,472 units installed in 2022. In 2023, automobile and component manufacturers account for 33% of all industrial robot deployments in the country. Similarly, in 2023, robot installations in Canada increased by 43% to 4,616 units. The automobile industry accounted for 55% of the country's robot installations, and sales of the automobile sector increased by 99%, with 2,549 units installed in 2023. Additionally, the number of robots installed in Mexico's manufacturing industry reached 5,868 units in the automotive industry in 2023. The automobile industry is the country's largest adopter of robots, accounting for 69% of total installations in which sales totaled 4,068 units in 2023. The growing expansion of the automotive industry and the increasing installation of robots surged the adoption of encoders in the automotive production lines. Encoders are used in automotive manufacturing lines to maintain consistent precision, decrease errors, and ensure repetitive actions for robots. Robots in the automotive industry are responsible for duties such as part installation, coating application, and intricate welding operations. Encoders allow robots to react in real-time to any positional differences by optimizing the efficiency and quality of processes.
Encoder Market Report Scope
Encoder Market News and Recent Developments
The encoder market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the encoder market are listed below:
- OMRON Automation, a prominent provider of advanced industrial automation solutions in India, aims to reinforce its business strategy centered around i-Belt, the company’s data-driven co-creation solution service. Known for its expansive portfolio spanning Smart Sensors, Robots, Vision, Machine Safety, PLCs, Servos, and Drives, OMRON is set to further enrich its end-to-end solution lineup by integrating with i-Belt data-based service. (Source: OMRON, Press Release, August 2023)
- Microchip Technology Inc. announced a multi-year initiative of over US$ 300 million to expand its presence in India. Through this investment, the company aims to establish semiconductor research, chip design, and equipment engineering hubs in the country. In the same month, Microchip Technology Inc. inaugurated a research and development center in Hyderabad. According to the company, the semiconductor market in India is likely to reach US$ 64 billion by 2026 from US$ 22.7 billion in 2019. (Source: Microchip Technology Inc., Press Release, July 2024)
Encoder Market Report Coverage and Deliverables
The "Encoder Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Encoder market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Encoder market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Encoder market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the encoder market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type; Technology; End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global encoder market is estimated to register a CAGR of 10.4% during the forecast period 2023–2031.
The global encoder market is expected to reach US$ 6.21 billion by 2031.
The key players holding majority shares in the global encoder market are Asahi Kasei Microdevices Corp, Vishay Intertechnology Inc, Sick AG, Honeywell International Inc, ROHM Co Ltd, Allegro MicroSystems Inc, Autonics Corporation, On Semiconductor Corp, Texas Instruments Inc, Analog Devices Inc, Microchip Technology Inc, STMicroelectronics NV, Broadcom Inc, OMRON Corp, and Panasonic Holdings Corp.
Emerging usage of encoders in medical and healthcare devices to play a significant role in the global encoder market in the coming years.
Asia Pacific dominated the encoder market in 2023.
Rise in demand from automotive industry, surge in product development by manufacturers, and high demand for industrial automation solutions are the major factors that propel the global encoder market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Encoder Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Encoder IC Company Mapping
4.3.1 Encoder IC Company Mapping
4.4 Ecosystem Analysis
4.4.1 List of Vendors in Value Chain
4.5 Encoder Market Share Analysis, 2023
4.6 Encoder Market – Product Mapping, By Category
4.6.1 Encoder Market – Product Mapping, By Category
5. Encoder Market – Key Market Dynamics
5.1 Encoder Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Demand from Automotive Industry
5.2.2 Surge in Product Development by Manufacturers
5.2.3 High Demand for Industrial Automation Solutions
5.3 Market Restraints
5.3.1 Availability of Substitute Products
5.4 Market Opportunities
5.4.1 Technological Advancements in Encoders
5.5 Future Trends
5.5.1 Emerging Usage of Encoders in Medical and Healthcare Devices
5.6 Impact of Drivers and Restraints:
6. Encoder Market – Global Market Analysis
6.1 Encoder Market Revenue (US$ Million), 2021–2031
6.2 Encoder Market Forecast Analysis
7. Encoder Market Analysis – by Type
7.1 Linear
7.1.1 Overview
7.1.2 Linear: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Rotary
7.2.1 Overview
7.2.2 Rotary: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
8. Encoder Market Analysis – by Technology
8.1 Optical
8.1.1 Overview
8.1.2 Optical: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Magnetic
8.2.1 Overview
8.2.2 Magnetic: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Inductive
8.3.1 Overview
8.3.2 Inductive: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9. Encoder Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Encoder Market Overview
9.2.2 North America: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Encoder Market Breakdown, by Type
9.2.3.1 North America: Encoder Market – Revenue and Forecast Analysis – by Type
9.2.4 North America: Encoder Market Breakdown, by Technology
9.2.4.1 North America: Encoder Market – Revenue and Forecast Analysis – by Technology
9.2.5 North America: Encoder Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Encoder Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 United States: Encoder Market Breakdown, by Type
9.2.5.2.2 United States: Encoder Market Breakdown, by Technology
9.2.5.3 Canada: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Encoder Market Breakdown, by Type
9.2.5.3.2 Canada: Encoder Market Breakdown, by Technology
9.2.5.4 Mexico: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Encoder Market Breakdown, by Type
9.2.5.4.2 Mexico: Encoder Market Breakdown, by Technology
9.3 Europe
9.3.1 Europe Encoder Market Overview
9.3.2 Europe: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Encoder Market Breakdown, by Type
9.3.3.1 Europe: Encoder Market – Revenue and Forecast Analysis – by Type
9.3.4 Europe: Encoder Market Breakdown, by Technology
9.3.4.1 Europe: Encoder Market – Revenue and Forecast Analysis – by Technology
9.3.5 Europe: Encoder Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Encoder Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 Germany: Encoder Market Breakdown, by Type
9.3.5.2.2 Germany: Encoder Market Breakdown, by Technology
9.3.5.3 France: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 France: Encoder Market Breakdown, by Type
9.3.5.3.2 France: Encoder Market Breakdown, by Technology
9.3.5.4 Italy: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 Italy: Encoder Market Breakdown, by Type
9.3.5.4.2 Italy: Encoder Market Breakdown, by Technology
9.3.5.5 United Kingdom: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 United Kingdom: Encoder Market Breakdown, by Type
9.3.5.5.2 United Kingdom: Encoder Market Breakdown, by Technology
9.3.5.6 Russia: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Russia: Encoder Market Breakdown, by Type
9.3.5.6.2 Russia: Encoder Market Breakdown, by Technology
9.3.5.7 Rest of Europe: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Encoder Market Breakdown, by Type
9.3.5.7.2 Rest of Europe: Encoder Market Breakdown, by Technology
9.4 Asia Pacific
9.4.1 Asia Pacific Encoder Market Overview
9.4.2 Asia Pacific: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Encoder Market Breakdown, by Type
9.4.3.1 Asia Pacific: Encoder Market – Revenue and Forecast Analysis – by Type
9.4.4 Asia Pacific: Encoder Market Breakdown, by Technology
9.4.4.1 Asia Pacific: Encoder Market – Revenue and Forecast Analysis – by Technology
9.4.5 Asia Pacific: Encoder Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Encoder Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 China: Encoder Market Breakdown, by Type
9.4.5.2.2 China: Encoder Market Breakdown, by Technology
9.4.5.3 Japan: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 Japan: Encoder Market Breakdown, by Type
9.4.5.3.2 Japan: Encoder Market Breakdown, by Technology
9.4.5.4 India: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 India: Encoder Market Breakdown, by Type
9.4.5.4.2 India: Encoder Market Breakdown, by Technology
9.4.5.5 South Korea: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 South Korea: Encoder Market Breakdown, by Type
9.4.5.5.2 South Korea: Encoder Market Breakdown, by Technology
9.4.5.6 Australia: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 Australia: Encoder Market Breakdown, by Type
9.4.5.6.2 Australia: Encoder Market Breakdown, by Technology
9.4.5.7 Rest of APAC: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.7.1 Rest of APAC: Encoder Market Breakdown, by Type
9.4.5.7.2 Rest of APAC: Encoder Market Breakdown, by Technology
9.5 Middle East and Africa
9.5.1 Middle East and Africa Encoder Market Overview
9.5.2 Middle East and Africa: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Encoder Market Breakdown, by Type
9.5.3.1 Middle East and Africa: Encoder Market – Revenue and Forecast Analysis – by Type
9.5.4 Middle East and Africa: Encoder Market Breakdown, by Technology
9.5.4.1 Middle East and Africa: Encoder Market – Revenue and Forecast Analysis – by Technology
9.5.5 Middle East and Africa: Encoder Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Encoder Market – Revenue and Forecast Analysis – by Country
9.5.5.2 United Arab Emirates: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 United Arab Emirates: Encoder Market Breakdown, by Type
9.5.5.2.2 United Arab Emirates: Encoder Market Breakdown, by Technology
9.5.5.3 Saudi Arabia: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 Saudi Arabia: Encoder Market Breakdown, by Type
9.5.5.3.2 Saudi Arabia: Encoder Market Breakdown, by Technology
9.5.5.4 South Africa: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.4.1 South Africa: Encoder Market Breakdown, by Type
9.5.5.4.2 South Africa: Encoder Market Breakdown, by Technology
9.5.5.5 Rest of Middle East and Africa: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Encoder Market Breakdown, by Type
9.5.5.5.2 Rest of Middle East and Africa: Encoder Market Breakdown, by Technology
9.6 South and Central America
9.6.1 South and Central America Encoder Market Overview
9.6.2 South and Central America: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Encoder Market Breakdown, by Type
9.6.3.1 South and Central America: Encoder Market – Revenue and Forecast Analysis – by Type
9.6.4 South and Central America: Encoder Market Breakdown, by Technology
9.6.4.1 South and Central America: Encoder Market – Revenue and Forecast Analysis – by Technology
9.6.5 South and Central America: Encoder Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Encoder Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.2.1 Brazil: Encoder Market Breakdown, by Type
9.6.5.2.2 Brazil: Encoder Market Breakdown, by Technology
9.6.5.3 Argentina: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.3.1 Argentina: Encoder Market Breakdown, by Type
9.6.5.3.2 Argentina: Encoder Market Breakdown, by Technology
9.6.5.4 Rest of South and Central America: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Encoder Market Breakdown, by Type
9.6.5.4.2 Rest of South and Central America: Encoder Market Breakdown, by Technology
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Asahi Kasei Microdevices Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Vishay Intertechnology Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sick AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Honeywell International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ROHM Co Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Allegro MicroSystems Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Autonics Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 On Semiconductor Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Texas Instruments Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Analog Devices Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Microchip Technology Inc
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 STMicroelectronics NV
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Broadcom Inc
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 OMRON Corp
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Financial Overview
12.14.4 SWOT Analysis
12.14.5 Key Developments
12.15 Panasonic Holdings Corp
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Products and Services
12.15.4 Financial Overview
12.15.5 SWOT Analysis
12.15.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
List of Tables
Table 1. Encoder Market Segmentation
Table 2. Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. Encoder Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 4. Encoder Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 5. North America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 6. North America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 7. North America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 8. United States: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 9. United States: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 10. Canada: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 11. Canada: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 12. Mexico: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 13. Mexico: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 14. Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 15. Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 16. Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 17. Germany: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 18. Germany: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 19. France: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 20. France: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 21. Italy: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 22. Italy: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 23. United Kingdom: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 24. United Kingdom: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 25. Russia: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 26. Russia: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 27. Rest of Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 28. Rest of Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 29. Asia Pacific: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 30. Asia Pacific: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 31. Asia Pacific: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 32. China: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 33. China: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 34. Japan: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 35. Japan: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 36. India: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 37. India: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 38. South Korea: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 39. South Korea: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 40. Australia: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 41. Australia: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 42. Rest of APAC: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 43. Rest of APAC: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 44. Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 45. Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 46. Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 47. United Arab Emirates: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 48. United Arab Emirates: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 49. Saudi Arabia: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 50. Saudi Arabia: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 51. South Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 52. South Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 53. Rest of Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 54. Rest of Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 55. South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 56. South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 57. South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 58. Brazil: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 59. Brazil: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 60. Argentina: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 61. Argentina: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 62. Rest of South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 63. Rest of South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million) – by Technology
Table 64. Heat Map Analysis By Key Players
Table 65. List of Abbreviation
List of Figures
Figure 1. Encoder Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Encoder Market
Figure 4. China: Encoder Market Share Analysis
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Encoder Market Breakdown by Geography, 2023 and 2031 (%)
Figure 7. Encoder Market Revenue (US$ Million), 2021–2031
Figure 8. Encoder Market Share (%) – by Type (2023 and 2031)
Figure 9. Linear: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Rotary: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Encoder Market Share (%) – by Technology (2023 and 2031)
Figure 12. Optical: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Magnetic: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Inductive: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: Encoder Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Encoder Market Breakdown by Region, 2023 and 2031 (%)
Figure 17. North America: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 18. North America: Encoder Market Breakdown, by Type (2023 and 2031)
Figure 19. North America: Encoder Market Breakdown, by Technology (2023 and 2031)
Figure 20. North America: Encoder Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 21. United States: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Canada: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Mexico: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Europe: Encoder Market Breakdown, by Type (2023 and 2031)
Figure 26. Europe: Encoder Market Breakdown, by Technology (2023 and 2031)
Figure 27. Europe: Encoder Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 28. Germany: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. France: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Italy: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. United Kingdom: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Russia: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Rest of Europe: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Asia Pacific: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Asia Pacific: Encoder Market Breakdown, by Type (2023 and 2031)
Figure 36. Asia Pacific: Encoder Market Breakdown, by Technology (2023 and 2031)
Figure 37. Asia Pacific: Encoder Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 38. China: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Japan: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. India: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. South Korea: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Australia: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Rest of APAC: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Middle East and Africa: Encoder Market Breakdown, by Type (2023 and 2031)
Figure 46. Middle East and Africa: Encoder Market Breakdown, by Technology (2023 and 2031)
Figure 47. Middle East and Africa: Encoder Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 48. United Arab Emirates: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Saudi Arabia: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. South Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Rest of Middle East and Africa: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. South and Central America: Encoder Market Breakdown, by Type (2023 and 2031)
Figure 54. South and Central America: Encoder Market Breakdown, by Technology (2023 and 2031)
Figure 55. South and Central America: Encoder Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 56. Brazil: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. Argentina: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 58. Rest of South and Central America: Encoder Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. Company Positioning & Concentration
The List of Companies - Encoder Market
- Asahi Kasei Microdevices Corp
- Vishay Intertechnology Inc
- Sick AG
- Honeywell International Inc
- ROHM Co Ltd
- Allegro MicroSystems Inc
- Autonics Corporation
- On Semiconductor Corp
- Texas Instruments Inc
- Analog Devices Inc
- Microchip Technology Inc
- STMicroelectronics NV
- Broadcom Inc
- OMRON Corp
- Panasonic Holdings Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Encoder Market
Jan 2025
Hall Effect Teslameter Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Analog Hall Effect Teslameters and Digital Hall Effect Teslameters), End Users (Automotive, Industrial, Healthcare, Aerospace, Laboratory, and Others), and Geography
Jan 2025
Automotive Board to Board Connector Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Pin Headers, Sockets, Floating Connector, and Card Edge Connector), Pin Headers (Stacked Headers and Shrouded Headers), Application (Powertrain Control Systems, Infotainment and Navigation Systems, Advanced Driver Assistance Systems (ADAS), Electric Vehicles (EV) and Hybrid Vehicle Systems, Lighting Control Systems, Autonomous Vehicles, and Others), Pitch (Less Than 1 mm, 1–2 mm, and More Than 2 mm), Number of Pin (2–12 Pin, 13–30 Pin, 31–50 Pin, 51–100 Pin, and 100+ Pin), and Geography
Jan 2025
Radiation Hardened Motor Controller and Motor Drive Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Motor Controller and Motor Drive), Motor Drive (AC Drive, DC Drive, and BLDC), Application (Space Exploration, Military and Defense, Nuclear Power Plants, and Others), and Geography
Jan 2025
Pluggable Optics for Data Center Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Switches, Routers, and Servers), Data Rate (100–400 Gb/s, 400–800 Gb/s, and 800 Gb/s and above), and Geography
Jan 2025
Doors and Windows Automation Market
Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Pedestrian Doors, Industrial Doors, and Windows), Component (Sensors and Detectors, Access Control Systems, Control Panels, Motors and Actuators, and Others), Industry Vertical (Commercial, Industrial, and Residential), Control System (Fully Automatic, Semi-Automatic, and Power Assist), and Geography
Jan 2025
LED Flashlight Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rechargeable LED Flashlight and Non-Rechargeable LED Flashlight), Product (Everyday Carry Flashlights, Tactical Flashlights, and Safety Flashlights), Application (Residential, Commercial, and Military and Law Enforcement), and Geography
Jan 2025
Collaborative Robots Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Payload (5–10 Kgs, Up to 5 Kgs, and Above 10 Kgs), Application (Assembly, Pick and Place, Material Handling, Quality Testing, Machine Tending, Welding, Packaging, and Others), Type (Robotic Arm, Welding Guns, Grippers, and Others), End-user Industry (Automotive, Electronics, Metal and Machinery, Food and Beverage, Logistics, Pharmaceuticals, and Others), Functionality (Static Robot and Mobile Robot), and Geography
Jan 2025
Analog to Digital Converter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others), and Geography
Get Free Sample For