According to a new market report published by Lucintel, the future of the encoder market looks promising with opportunities in the automotive, consumer electronics, food & beverage, industrial, medical, printing, textile, and other industries. The global encoder market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are growth in automotive and industrial production and need for high-end automation.
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In this market, rotary and linear encoders are used in a wide range of industries. Rotary encoders will remain the largest type segment because they are widely used in industrial and commercial designs due to their durability and excellent performance.
Within the encoder market, industrial will remain the largest end use industry during the forecast period due to increasing adoption of robotics, automation, and smart manufacturing.
Asia Pacific will remain the largest region during the forecast period due to growth in the industrial, automotive, and other sectors.
HEIDENHAIN, POSITAL FRABA, Sensata Technologies, Dynapar Corporation, and Baumer Group are among the major encoder manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global encoder market by type, technology, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Encoder Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global encoder market by type, technology, end use industry, and region as follows:
By Type [$M shipment analysis for 2015 – 2026]:
By Technology [$M shipment analysis for 2015 – 2026]:
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Automotive
Consumer Electronics
Food & Beverages
Industrial
Medical
Printing
Textile
Others
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.