TMCnet News
Global Encoders (Rotary & Linear) Market to 2027DUBLIN, Aug. 22, 2019 /PRNewswire/ -- The "Global Encoders Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019-2027" report has been added to ResearchAndMarkets.com's offering. The overall encoders market worldwide is set to grow with a CAGR of 11.9% during the forecast period. Market Insights The global encoders market is highly driven by increasing applications of encoders in the automobile and consumer electronics industry. Also, technological advancements play a vital role in the development of this market globally. These are used in various systems and machines which requires the encoders due to fast processing and acceleration. Some of the devices in which encoders are used are printers, scanners, motors, and others. Additionally, the adoption of these devices in automotive is a major factor driving the encoder market. Moreover, several key players are developing and launching new encoders for various industries to improve the work efficiency and process. In July 2016, FAULHABER Drive Systems subsidiary named MICROMO launched IER3 and IERS3 optical encoders with an advance ability of accuracy and signal quality compared to others encoders. Based on type, the encoder market has been segmented as rotator encoders, linear encoders, and others. The linear encoder sub-segment holds the largest market share by type segment and is expected to be the fastest-growing sub-segment during the forecast period. The linear encoders are a device, which converts the analog or digital signals in response to linear motion. These are used in various industries such as manufacturing, electronics, automotive. Industrial process and other industries. The linear encoders have a wide application in coordinate-measuring machines (CMM), lasr scanners, calipers, gear measurement, tension testers, and others. Asia-Pacific is expected to be the fastest-growing market due to the presence of China, Japan, India, South Korea, and other developed and developing countries in the region. The demand for automobile and consumer electronics is growing rapidly due to technological advancement and ever-growing consumer base. Additionally, the increasing disposable income also contributes to driving market growth. Moreover, the presence of various manufacturing companies of encoders such as Omron Corporation, Panasonic Corporation and others in the region also drives the market. Key Topics Covered: Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/global-encoders-rotary--linear-market-to-2027-300905996.html SOURCE Research and Markets |