Encoders Market Scope, Growth, Size and Share by 2031
Encoders Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2.70 Billion |
Market Size by 2031 | US$ 6.03 Billion |
Global CAGR (2023 - 2031) | 10.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Encoders Market News and Recent Developments
The encoders market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for encoders and strategies:
- In June 2023, Bourns, Inc., Bourns, Inc., released the PEC11J series encoder as a drop-in replacement for the discontinued ALPS Model EC11J Series. This modified configuration of the Bourns PEC11S series should enable customers to continue to support existing applications with no changes to their mechanical or electrical layouts. Testing is recommended to ensure compatibility with each customer's specific application. Samples are available upon request for testing. (Source: Bourns, Inc., Press Release, 2023)
Encoders Market Report Coverage and Deliverables
The “Encoders Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles