Rotary Encoder Market Growth, Trends, Share, Scope, Opportunities and Future Outlook 2032
Rotary Encoder Market Size- By Type, By Product, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: IACT2329 | Pages: 1 - 243 | Formats*: |
| Category : Information & Communications Technology | |||
Global Rotary Encoder Market Overview
According to SPER Market Research, the Global Rotary Encoder Market is estimated to reach USD 1.56 billion by 2032 with a CAGR of 4.95%.
The angular movement of the shaft can be converted into an analog digital output signal using devices called rotary encoders. Some of the popular varieties of rotary encoders are optical, mechanical, capacitive, and magnetic ones. They are extensively used by a variety of end customers, including those in the automotive, aerospace, electronics, healthcare, manufacturing, packaging, and other industries. The primary driver of market expansion will likely be the industry's increased automation together with the expanding demand from the vehicle sector. For the forecast period, it is anticipated that rising usage in the aerospace sector, expansion in the automotive industry, and rising popularity of rotary encoders in the electronics industry will fuel the market's overall growth. Additionally, the adoption of automation across a number of industries has been greatly accelerated by digitization and the industry 4.0 revolution, which is expected to restrain market growth. Encoders are also being used more frequently in the manufacture of cars by automakers as they provide real-time speed, acceleration, and rotational position information to the automated guided vehicle controller. These factors, along with others, will further depress market value for the forecast period. On the other hand, a market limitation is the lack of product differentiation.
Impact of COVID-19 on the Global Rotary Encoder Market
Industries have been searching for automation to reduce human involvement and increase productivity ever since COVID-19 first emerged. For instance, top grocery stores and retail chains are looking into ways to assure quicker, automated self-checkouts that reduce human contact and keep customers and staff members safe. The printing industry, which has also been affected by the pandemic, has also seen increased investment in automation and automated printing technology. The demand for encoders has been fueled by Industry 4.0 and automation. The COVID-19 pandemic is accelerating Industry 4.0 adoption and moving businesses from all industries to a more advanced state of IoT technology and workflow. Every manufacturing was impacted by the COVID-19 problem in some way, and for many this poses an existential threat.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Product, By Application, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | 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:
1. By Type:
- Capacitive
- Magnetic
- Mechanical
- Optical
2. By Product
- Absolute Rotary Encoders
- Incremental Rotary Encoders
3. By Application:
- Elevator Industry
- Food and Packaging
- Machine Tools
- Material Handling
- Motion Systems
- Robotics
- Others
4. By End User:
- Aerospace
- Automotive
- Electronics
- Healthcare
- Manufacturing
- Packaging
5. By Region:
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Rotary Encoder Market (FY’2019-FY’2032)
- Overview of Global Rotary Encoder Market
- Segmentation of Global Rotary Encoder Market By Type (Capacitive, Magnetic, Mechanical, Optical)
- Segmentation of Global Rotary Encoder Market By Product (Absolute Rotary Encoders, Incremental Rotary Encoders)
- Segmentation of Global Rotary Encoder Market By Application (Elevator Industry, Food and Packaging, Machine Tools, Material Handling, Motion Systems, Robotics, Others)
- Segmentation of Global Rotary Encoder Market By End User (Aerospace, Automotive, Electronics, Healthcare, Manufacturing, Packaging, Others)
- Statistical Snap of Global Rotary Encoder Market
- Global Rotary Encoder Market Growth Analysis
- Problems and Challenges in Global Rotary Encoder Market
- Global Rotary Encoder Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Rotary Encoder Market
- Details on Recent Investment in Global Rotary Encoder Market
- Competitive Analysis of Global Rotary Encoder Market
- Major Players in the Global Rotary Encoder Market
- SWOT Analysis of Global Rotary Encoder Market
- Global Rotary Encoder Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Rotary Encoder Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Rotary Encoder Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Rotary Encoder Market
7. Global Rotary Encoder Market, By Type, 2019-2032 (USD Million)
7.1 Capacitive7.2 Magnetic7.3 Mechanical7.4 Optical
8. Global Rotary Encoder Market, By Product, 2019-2032 (USD Million)
8.1 Absolute Rotary Encoders8.2 Incremental Rotary Encoders
9. Global Rotary Encoder Market, By Application,2019-2032 (USD Million)
9.1 Elevator Industry9.2 Food and Packaging9.3 Machine Tools9.4 Material Handling9.5 Motion Systems9.6 Robotics
9.7 Others
10. Global Rotary Encoder Market, By End User, 2019-2032 (USD Million)
10.1 Aerospace10.2 Automotive10.3 Electronics10.4 Healthcare10.5 Manufacturing10.6 Packaging10.7 Others
11. Global Rotary Encoder Market, By Region, 2019-2032 (USD Million)
11.1 Global Rotary Encoder Market and Market Share by Region (2019-2025)11.2 Global Rotary Encoder Market and Market Share by Region (2026-2032)11.3 Asia-Pacific11.3.1 Australia11.3.2 China11.3.3 India11.3.4 Japan11.3.5 South Korea11.3.6 Rest of Asia-Pacific11.4 Europe11.4.1 France11.4.2 Germany11.4.3 Italy11.4.4 Spain11.4.5 United Kingdom11.4.6 Rest of Europe11.5 Middle East and Africa11.5.1 Kingdom of Saudi Arabia11.5.2 United Arab Emirates11.5.3 Rest of Middle East & Africa11.6 North America11.6.1 Canada11.6.2 Mexico11.6.3 United States11.7 Latin America11.7.1 Argentina11.7.2 Brazil11.7.3 Rest of Latin America
12. Company Profiles
12.1 Baumer Electric AG12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments12.2 Bourns, Inc.12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments12.3 Dr. Johannes Heidenhain GmbH12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments12.4 Hans Turck GmbH & Co. KG12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments12.5 Heidenhain12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments12.6 Honeywell International Inc.12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments12.7 Koyo Electronics Industries Co., Ltd.12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments12.8 Kubler Group12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments12.9 Leine & Linde AB12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments12.10 MTS Systems12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments12.11 Nemicon Corp.12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments12.12 Noyotechnik U.S. Inc.12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments12.13 OMRON Corporation12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments12.14 Pepperl+Fuchs12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments12.15 Renishaw plc12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments12.16 Sensata Technologies, Inc12.16.1 Company details12.16.2 Financial outlook12.16.3 Product summary12.16.4 Recent developments12.17 TE Connectivity12.17.1 Company details12.17.2 Financial outlook12.17.3 Product summary12.17.4 Recent developments12.18 TR-Electronic GmbH12.18.1 Company details12.18.2 Financial outlook12.18.3 Product summary12.18.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered 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.
Rotary Encoder Market is projected to reach USD 1.56 billion by 2032, growing at a CAGR of 4.95% during the forecast period.
Rotary Encoder Market grew in market size from 2021. The Market is expected to reach USD 1.56 billion by 2032, at a CAGR of 4.95% during the forecast period.
Rotary Encoder Market CAGR of 4.95% during the forecast period.
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Rotary Encoder Market size is USD 1.56 billion from 2022 to 2032.
Rotary Encoder Market Segment is Covered By Type, By Product, By Application, By End User
The North America region is anticipated to have the highest market share in Rotary Encoder Market.
The primary driver of market expansion will likely be the industry's increased automation together with the expanding demand from the vehicle sector.
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