Rapid upsurge in adoption of absolute optical encoders in robotics is particularly driving the growth of optical encoder market. Between 2021 and 2029, the global sales of optical encoders are projected for a robust hike at around 9% CAGR, as indicated in a new research study of Future Market Insights (FMI). Increasing implementation of advanced absolute optical encoders by manufacturers of surface mount technology (SMT) placement equipment will also remain a major booster to market growth through 2029.
Despite higher number of incremental encoders being sold worldwide, the optical shaft encoders (or rotary encoders) will continue to hold a significant revenue share in global market. The demand for latter is notably high in commercial as well as industrial landscapes owing to their superior performance and excellent durability over the rest of counterparts.
Sales of absolute encoders would rise at an exponential rate in the following years. This sales hike is attributed to the fact that its high-resolution wheel can calculate the fractional rotation, while the lower-resolution wheels record the number of whole revolutions of the shaft – more accurately than their other counterparts.
Future Market Insights offers a 10-year forecast for the global optical encoder market between 2016 and 2026.
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The research report provides a detailed analysis and identifies various factors driving demand for optical encoders across different verticals and industries globally. The report also analyses key industry drivers, restraints, market trends and market attractiveness of products across various regions, applications and industries. Key regions assessed in the report are North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan and Middle East & Africa.
OPTICAL ENCODER MARKET TAXONOMY
The global optical encoder market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Configuration
- Shafted
- Hollow-Shaft
- Absolute
- Multi-turn
- Incremental
Output Signal Format
- Analog
- Digital
Application
- Healthcare Equipment
- Consumer Electronics and Semiconductor Manufacturing Equipment
- Robotics Equipment
- Test & Measurement Equipment
- Others
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-1721
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Global Optical Encoder Market – Pricing Analysis
4.1. Pricing Analysis By Configuration
4.2. Pricing Break-up
4.2.1. Manufacturer Level Pricing
4.2.2. Distributor Level Pricing
5. Global Optical Encoder Market Volume Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Volume (Units) Analysis, 2014-2018
5.2. Current and Future Market Volume (Units) Projections, 2019-2029
5.3. Y-o-Y Growth Trend Analysis
6. Global Optical Encoder Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.2. Forecast Factors – Relevance & Impact
7.3. Value Chain Analysis
7.4. Market Dynamics