TMCnet - World's Largest Communications and Technology Community



Global Encoders Markets, 2019-2024 by Type (Linear and Rotary), Technology (Optical, Magnetic), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing)
[August 12, 2019]

Global Encoders Markets, 2019-2024 by Type (Linear and Rotary), Technology (Optical, Magnetic), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing)

DUBLIN, Aug. 12, 2019 /PRNewswire/ -- The "Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography - Global Forecast to 2024" report has been added to's offering.

Research and Markets Logo

The Encoders Market is Expected to Grow from USD 1.6 Billion in 2019 to USD 2.4 Billion by 2024 at a CAGR of 8.6%.

Key factors driving the growth of the encoders market include the need for high-end automation and industry 4.0. Strategies such as product launches adopted by market players are fueling the growth of the encoders market. However, the adoption of inorganic strategies by established players is creating intense competition for new entrants and restricting the growth of the market.

Rotary encoders to account for the largest market size from 2019 to 2024

The rotary encoders type is expected to account for the largest share of the encoders market during the forecast period. Rotary encoders are used for position sensing across various applications; for example, on motors paired with drives and automated machinery in consumer electronics, elevators, conveyor speed monitors, industrial machines, and robotics. The future growth of this segment is attributed to the use of rotary encoders i industrial and commercial designs due to their durability and excellent performance.

APAC to be the fastest-growing market for encoders from 2019 to 2024

The encoders market in APAC is likely to witness the highest CAGR during the forecast period. Increasing manufacturing facilities across various industries in this region and growing adoption of automation techniques and robotics in manufacturing plants are among the factors that are expected to drive the demand for encoders in this region. In addition, the concept of autonomous, electric, and connected cars has enabled the growth of the automotive sector in APAC, especially in China. The automotive industry here has been growing rapidly, and the country is playing an increasingly important role in the global automotive market.

Heidenhain (Germany), Posital Fraba (Germany), Sensata Technologies (US), Dynapar Corporation (US), and Baumer Group (Switzerland) are among the major players in the encoders market.

Market Dynamics


  • Need for High-End Automation Across Industries
  • Industry 4.0


  • Problems With Accuracy
  • Varying International Regulations


  • Increasing Demand for Artificial Intelligence-Based Systems
  • Upcoming Technologies in Automotive Industry


  • Mechanical Failure in Harsh Environments

Company Profiles

Key Players

  • Baumer Group
  • Sensata Technologies
  • Dynapar Corporation
  • Omron Automation
  • Rockwell Automation Inc.
  • Faulhaber Group
  • Posital-Fraba Inc.
  • Heidenhain GmbH
  • IFM Electronic GmbH
  • Maxon Motor Ag

Other Important Players

  • Pepperl+Fuchs
  • Pilz GmbH Co. Kg
  • Posic
  • Renishaw PLC
  • Siko GmbH
  • Turck Banner Singapore PTE Ltd
  • Wachendorff Automation GmbH + Co Kg
  • Nidec Corporation
  • Micronor Inc.
  • US Digital

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision View original content:

SOURCE Research and Markets

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy