Dublin, June 10, 2021 (GLOBE NEWSWIRE) — The “Global Encoder Market with COVID-19 Impact, by Type (Linear, Rotary), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Power, Healthcare), Signal Type, and Geography – Forecast to 2026” report has been added to ResearchAndMarkets.com’s providing.
The worldwide encoder market is predicted to develop from USD 2.3 billion in 2021 to USD 3.7 billion by 2026, at a CAGR of 10%.
The expansion of this market is principally pushed by the necessity for high-end automation throughout industries, progress in adoption of Business 4.0, and the inclination towards superior applied sciences amid COVID-19 pandemic.
Nevertheless, components corresponding to issues associated to accuracy, variation in worldwide rules, and mechanical failures in harsh environments are restraining the market progress.
Rotary encoders to develop on the highest CAGR throughout the forecast interval
The rising demand for automated industrial machines and robotics is driving the expansion of the rotary encoders market. Rotary encoders are electromechanical units used to measure the variety of rotations, rotational angle, and rotational place of apparatus. These encoders are also called shaft encoders or just encoders.
They’re used for place sensing throughout numerous functions, for instance, on motors paired with drives and automatic equipment in client electronics, elevators, conveyor pace displays, industrial machines, and robotics. They observe the turning of motor shafts to generate a digital place and movement info. Whether or not incremental or absolute, magnetic, or optical, rotary encoders observe motor shaft rotation to generate a digital place and movement info.
Rotary encoders are utilized in a variety of functions that require monitoring or management, or each, of mechanical methods, together with industrial controls, robotics, photographic lenses, laptop enter units, and rotating radar platforms.
Shopper Electronics utility dominated the encoder market in 2020
Shopper electronics is among the fastest-growing markets for encoders. On this trade, encoders are broadly utilized in workplace gear corresponding to PC-based scanning gear, printers, copiers, answering machines, and scanners. As an example, many industrial inkjet printing methods are outfitted with a rotary encoder to trace the movement of the thing to be printed. This allows the print head to use the picture to a exactly managed location on the thing.
Moreover, an evident surge has been seen in the usage of encoders in APAC and North America for client electronics functions owing to the speedy adoption of recent applied sciences and the presence of many client electronics giants, corresponding to Apple (US), Samsung Electronics (South Korea), Huawei (China), Sony Company (Japan), HP Inc. (US).
Market in APAC to develop at highest CAGR throughout the forecast interval
In 2020, APAC accounted for a major share of the encoders market. The expansion of the encoders market is primarily attributed to the rising variety of manufacturing and engineering hubs associated to numerous industries. The idea of autonomous, electrical, and linked automobiles has fueled the expansion of the automotive trade in APAC, particularly in China. The automotive trade within the nation has been rising quickly, and the nation is enjoying an necessary position within the world automotive market.
The rising demand for energy-efficient manufacturing processes, coupled with the necessity for suggestions methods, is predicted to create alternatives for the encoder market in APAC. Nevertheless, the pandemic has resulted in disruptions in provide chain actions, income losses, and slowdown in manufacturing actions which have extremely impacted the expansion of the market, ultimately impacting the financial system.
Key Matters Lined:
2 Analysis Methodology
3 Govt Abstract
4 Premium Insights
4.1 Enticing Development Alternatives for Encoder Market
4.2 Encoder Market, by Encoder Sort
4.3 Encoder Market, by Know-how
4.4 Encoder Market, by Utility
4.5 Encoder Market, by Geography
5 Market Overview
5.2 Market Dynamics
126.96.36.199 Want for Excessive-Finish Automation Throughout Industries
188.8.131.52 Development in Adoption of Business 4.0
184.108.40.206 Inclination Towards Superior Applied sciences Amid COVID-19 Pandemic
220.127.116.11 Issues Associated to Accuracy
18.104.22.168 Variations in Worldwide Laws
22.214.171.124 Growing Demand for Synthetic Intelligence-Primarily based Programs
126.96.36.199 Upcoming Applied sciences in Automotive Business
188.8.131.52 Mechanical Failures in Harsh Environments
184.108.40.206 Disruption in Provide Chain as a result of COVID-19 Scenario
220.127.116.11 Decline in Development of Aerospace Business Attributed to COVID-19
5.3 Worth Chain Evaluation
6 Encoder Market, by Encoder Sort
7 Encoder Market, by Sign Sort
8 Encoder Market, by Know-how Sort
9 Encoder Market, by Utility
10 Geographic Evaluation
11 Aggressive Panorama
12 Firm Profiles
12.1 Key Gamers
12.1.1 Renishaw plc
12.1.3 Fraba B.V. (Posital Fraba)
12.1.4 Sensata Applied sciences
12.1.5 IFM Electronics
12.1.6 Mitutoyo Company
12.1.7 Pepperl+Fuchs SE
12.1.8 Fortive (Dynapar Company)
12.1.9 Maxon Motor AG
12.1.10 Balluff Inc.
12.1.11 Pilz GmbH & Co. KG
12.1.12 Tamagawa Seiki Co. Ltd.
12.1.13 Faulhaber Group
12.1.14 Baumer Group
12.1.15 Koyo Electronics Industries Co. Ltd.
12.2 Different Key Gamers
12.2.1 Schneider Electrical SE
12.2.2 Omron Company
12.2.3 Rockwell Automation Inc.
12.2.5 Hengstler GmbH
12.2.8 Siko GmbH
13 Adjoining & Associated Markets
For extra details about this report go to https://www.researchandmarkets.com/r/gyq5ow