iCrowd Newswire
09 Jun 2021, 16:40 GMT+10
According to the new research report "Encoders Market with COVID-19 Impact, by Type (Linear and Rotary), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power, Healthcare), Signal Type, and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the global Encoder market size is expected to grow from USD 2.3 billion in 2021 to USD 3.7 billion by 2026, at a CAGR of 10.0%.The growth of this market is driven mainly by the need for high-end automation across industries, growth in adoption of Industry 4.0, the inclination toward advanced technologies amid COVID-19 pandemic, increasing demand for artificial intelligence, and upcoming technologies in the automotive industry.
Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14566162
Inductive encoder technology is estimated to hold the largest growth rate of the Encoder market during the forecast period.
The inductive encoder technology is expected to held the largest CAGR of the encoder market during the forecast period. Inductive encoders are used to measure the displacement or rotation relative to a target. It finds various applications in electric motors, mobile devices, motorized zoom, and direct measurement of the rotation of gears used in various machines. The inductive encoders are manufactured using semiconductor technology, thus making them compact and highly accurate.
Rotary encoders to grow at highest CAGR from 2021 to 2026
Rotary encoders are electromechanical devices designed to measure the number of rotations, rotational angle, and rotational position of equipment. Whether incremental or absolute, magnetic, or optical, rotary encoders track motor shaft rotation to generate a digital position and motion information. They are used in a wide range of applications that require monitoring or control, or both, of mechanical systems, including industrial controls, robotics, photographic lenses, computer input devices, and rotating radar platforms.
Browse in-depth TOC on "Encoders Market"68 – Tables33 – Figures135 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=14566162
The Encoder market in APAC is expected to grow at the highest CAGR from 2021 to 2026
APAC is expected to hold the largest growth rate of the global encoder market during the forecast period. The growth of encoders in the region is attributed the presence of numerous manufacturing hubs related to various industries. The increasing demand for energy-efficient production processes, coupled with the need for feedback systems, is expected to create opportunities for the encoder market in APAC. However, the pandemic has resulted in disruptions in supply chain activities, revenue losses, and the slowdown in production activities which have highly impacted the growth of the market, eventually impacting the economy.
Countries such as China, India, and South Korea are witnessing increasing demand for the encoder market. The concept of autonomous, electric, and connected cars has fueled the growth of the automotive industry in APAC, especially in China. The automotive industry in the country has been growing rapidly, and the country is playing an important role in the global automotive market further fueling the growth of the encoder market.
Major companies operating in this Encoder market include Sensata Technologies (US), Dynapar Corporation (US), HEIDENHAIN (US), and Renishaw plc (UK).
Related Reports:
Position Sensor Market with COVID-19 Impact Analysis by Type (Linear and Rotary), Application (Machine Tools, Robotics, Motion Systems, Material Handling, TEST Equipment), Contact Type, Output, End-User Industry, and Geography - Global Forecast to 2025
Motion Control Market with COVID-19 Impact by Component (Actuators & Mechanical systems, Motors, Motion Controllers, Drives, Sensor & Feedback Devices, Software & Services), System (Open Loop, Closed Loop), Industry, and Region - Global Forecast to 2025
Tags: Encoders market, Encoders market Analysis, Encoders market trends, Encoders Market Size, Encoders Market Share, Encoders Market Forecast
See Campaign: https://www.marketsandmarkets.com/Market-Reports/encoder-market-14566162.htmlContact Information:Mr. Aashish Mehra
MarketsandMarkets
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-644Tags:, Menafn, Reportedtimes, Extended Distribution, Research Newswire, English
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-644
Get a daily dose of San Diego Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Diego Sun.
More InformationFRESNO, California: Fresno State suspended two of its top men's basketball players last weekend and removed a third player from the...
Ramadewa looked at the numerous troops of monkeys. They were at ease and happy and showed their liveliness. All their movements, their...
LONDON, U.K.: Despite regulatory efforts, unauthorized disposable vapes continue to dominate a significant portion of the U.S. e-cigarette...
SACRAMENTO, California: California Governor Gavin Newsom is urging Congress to approve nearly US$40 billion in federal assistance to...
LOS ANGELES, California: The Trump administration is once again challenging California's high-speed rail project, with federal transportation...
When the Eaton Fire began on January 7, 2025, in Altadena, California, it blazed through residential neighborhoods, destroying thousands...
ATLANTA, Georgia: After two years of declining same-store sales, Home Depot finally saw a turnaround in the fourth quarter, fueled...
NEW YORK, New York - U.S. stocks rallied on Friday as economic data showed the U.S. Federal Reserve has likely tamed inflation. The...
WASHINGTON, DC - The U.S. Federal Reserve seemingly has inflation under control with the latest econbomic data confirming little push...
COPENHAGEN, Denmark: A remote Arctic facility designed to preserve the world's agricultural diversity is set to receive a major new...
LONON, U.K.: British Petroleum is set to abandon its ambitious renewable energy expansion targets in favor of a stronger focus on fossil...
WOLFSBURG, Germany: Volkswagen is strengthening its push into China's electric vehicle (EV) sector by partnering with CATL, the world's...