Optical Encoder Market, By Configuration, By Output Signal, By Application, By Geography

Description

The global optical encoder market is estimated to be valued at US$ 3,005.20 Mn in 2024 and is expected to reach US$ 7,011.50 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3,005.2 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	12.90%	2031 Value Projection:	US$ 7,011.5 Mn

Figure. Optical Encoder Market Share (%), By Region 2024

The global optical encoder market has been growing steadily over the past few years owing to growing adoption in industrial automation. Optical encoders allow precise angular or linear position measurement and offer benefits of high resolution, reliability, and durability. They function by measuring the movement of lines or slits on a rotating disk against a light source and photodetector. Advancements in semiconductor technology and growing integration of optical encoders in automation systems for accurate motion control are expected to propel the market growth during the forecast period.

Market Dynamics:

The global optical encoder market is driven by the growing adoption of industrial automation across various industries. Increasing need for precise motion control and feedback in automation equipment is fueling the demand for optical encoders. Moreover, the widespread replacement of outdated mechanical components with advanced optical encoders in machinery is supporting market expansion. However, high initial costs associated with optical encoders compared to other conventional position sensors is a key restraining factor. Ongoing technological advancements offering benefits, such as miniaturization, higher resolutions, and frequencies, present lucrative opportunities. The introduction of smart optical encoders with integrated computing and connectivity capabilities will further aid the market going forward.

Key Features of the Study:

This report provides an in-depth analysis of the global optical encoder market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global optical encoder market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Baumer Group, BEI Sensors, Bourns, Inc., Broadcom Inc., CUI Inc., Dynapar Corporation, Fortive (Dynapar Corporation), FRABA B.V., HEIDENHAIN, Hengstler, IFM Electronics, POSITAL FRABA, Renishaw plc, Sensata Technologies, and Tokyo Electric Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global optical encoder market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global optical encoder market

Detailed Segmentation:

By Configuration
- Shafted
- Hollow Shaft
- Absolute Single Turn
- Multi-turn
- Incremental
By Output Signal
- Analog
- Digital
By Application
- Healthcare Equipment
- Metalworking Equipment
- Consumer Electronics and Semiconductor Manufacturing Equipment
- Communication System
- Test and Measurement Equipment
- Assembly and Robotics Equipment
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players Insights
- Baumer Group
- BEI Sensors
- Bourns, Inc.
- Broadcom Inc.
- CUI Inc.
- Dynapar Corporation
- Fortive (Dynapar Corporation)
- FRABA B.V.
- HEIDENHAIN
- Hengstler
- IFM Electronics
- POSITAL FRABA
- Renishaw plc
- Sensata Technologies
- Tokyo Electric Co., Ltd.

Product Code: CMI4783

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Configuration
- Market Snippet, By Output Signal
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Optical Encoder Market, By Configuration, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Shafted
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Hollow Shaft
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Absolute Single Turn
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Multi-turn
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Incremental
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

5. Global Optical Encoder Market, By Output Signal, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Analog
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Digital
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

6. Global Optical Encoder Market, By Application, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Healthcare Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Metalworking Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Consumer Electronics and Semiconductor Manufacturing Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Communication System
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Test and Measurement Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Assembly and Robotics Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

7. Global Optical Encoder Market, By Region, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Configuration, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Output Signal, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Configuration, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Output Signal, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Configuration, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Output Signal, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Configuration, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Output Signal, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Configuration, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Output Signal, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Baumer Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BEI Sensors
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bourns, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Broadcom Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CUI Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Dynapar Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Fortive (Dynapar Corporation)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- FRABA B.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- HEIDENHAIN
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hengstler
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- IFM Electronics
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- POSITAL FRABA
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Renishaw plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sensata Technologies
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tokyo Electric Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Reference and Research Methodology

References
Research Methodology
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