Rotary Encoder Market Size 2023: Research by Business Revenue, Growing CAGR of 8.46% Growth Strategy, Trends and Competitive Analysis 2022-2032

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Rotary Encoder Market Size 2023: Research by Business Revenue, Growing CAGR of 8.46% Growth Strategy, Trends and Competitive Analysis 2022-2032: SPER Market Research



 Published: Feb-2023
 Author: SPER Analyst


Global Rotary Encoder Market is projected to be worth USD 1.56 billion by 2032 and is estimated to surge at a CAGR of 4.95%.

In the projected period, the market for rotary encoders is anticipated to develop. The market for rotary encoders is growing as a result of these factors and their impact on the robotics sector. Due to the need for the use of more intelligent and automated technologies, including robots and control systems, to enhance production processes, digitization and the Industry 4.0 revolution have dramatically accelerated the adoption of automation across a variety of industries. Automation in factories lowers labor, operating, and production expenses. As a result, its use in a variety of industries, including the automotive, aerospace, packaging, health care, electronics, and others, has expanded. 

A position sensor known as a rotary encoder is utilized to deliver electrical outputs that are related to shaft rotation, precisely measuring angles and pedal position. These sensors are utilized in the automobile industries for a variety of controls, including those for the rotary switch, mode selection, volume control, wiper motor, headlight position control, seat position motor, side mirror, and throttle position control. As a result, the expansion of the automotive sector will fuel the growth of the rotary encoder market.

Since the COVID-19 epidemic, industry have been searching for automation to minimize human interaction and increase productivity. For instance, top grocery stores and retail chains are looking for ways to use automated self-checkouts that are quicker, require less human interaction, and protect both customers and staff. Additionally, the printing industry, which has been further influenced by the pandemic, has seen increased investment in automation and automated printing equipment. The demand for encoders has been fueled by automation and Industry 4.0. The COVID-19 epidemic is hastening the adoption of Industry 4.0 and pushing businesses from all industries toward more advanced IoT technologies and workflow. Every manufacturer was impacted by the COVID-19 problem in some capacity, and for many this represents an existential threat.


Rotary Encoder Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Baumer Electric AG, Bourns, Inc., Dr. Johannes Heidenhain GmbH, Hans Turck GmbH & Co. KG, Heidenhain, Honeywell International Inc., Koyo Electronics Industries Co., Ltd., Kubler Group, Leine & Linde AB, MTS Systems, Nemicon Corp., Noyotechnik U.S. Inc., OMRON Corporation, Pepperl+Fuchs, Renishaw plc, Sensata Technologies, Inc, TE Connectivity, TR-Electronic GmbH.

Global Rotary Encoder Market Segmentation:

By Type: Based on the Type, Global Rotary Encoder Market is segmented as; Capacitive, Magnetic, Mechanical, Optical.

By Product: Based on the Product, Global Rotary Encoder Market is segmented as; Absolute Rotary Encoders, Incremental Rotary Encoders.

By Application: Based on the Application, Global Rotary Encoder Market is segmented as; Elevator Industry, Food and Packaging, Machine Tools, Material Handling, Motion Systems, Robotics, Others.

By End User: Based on the End User, Global Rotary Encoder Market is segmented as; Aerospace, Automotive, Electronics, Healthcare, Manufacturing, Packaging, Others.

By Region: The Rotary Encoder market was dominated by APAC, then by North America and Europe. The economies of the big nations like China and India have a significant impact on the APAC region. Due to the rising use of rotary encoders in machine tools, material handling, robotics, and other applications, the Europe region now holds a dominant position in the global rotary encoders market. For the forecast period, this dominance will continue. The rapidly expanding end-user industrial base in developing countries like China and India within the region is expected to cause significant changes throughout the forecast period, which will benefit the Asia-Pacific region.


This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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