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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1673850

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1673850

Encoder Market, By Type, By Technology, By End-use Industry, By Geography

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Global Encoder Market is estimated to be valued at USD 3.45 Bn in 2025 and is expected to reach USD 5.91 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2032.

Report Coverage Report Details
Base Year: 2024 Market Size in 2025: USD 3.45 Bn
Historical Data for: 2020 To 2024 Forecast Period: 2025 To 2032
Forecast Period 2025 to 2032 CAGR: 8.00% 2032 Value Projection: USD 5.91 Bn
Figure. Encoder Market Share (%), By Region 2025
Encoder Market - IMG1

Encoders are electromechanical devices that convert motion into electronic pulses to determine position, velocity, or angle. They are used extensively in industrial equipment, motor vehicles, robotics, and automation applications. Growth in industrial automation and adoption across various end-use industries such as automotive, electronics, manufacturing, etc. is expected to drive the demand for encoders during the forecast period.

Market Dynamics:

The global encoder market is driven by increasing industrial automation across various industries. Growing demand for industrial robots and automated machinery in the manufacturing sector is a key driver. Moreover, increasing electronics production and adoption of automation in the automotive industry is supporting the market growth. However, the availability of alternatives, such as resolvers and higher initial costs of encoders, are some factors restraining the market growth. Development of encoders with additional capabilities to measure multiple parameters is expected to create new opportunities during the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global encoder market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue 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 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, Dynapar Corporation (Fortive Corporation), FAULHABER Drive Systems, HEIDENHAIN, Hengstler GMBH (Fortive Corporation), Honeywell International, Maxon Motor AG, Omron Corporation, Panasonic Corporation, Pepperl+Fuchs International, POSITAL FRABA Inc. (FRABA BV), Renishaw PLC, Rockwell Automation Inc., Schneider Electric, and Sensata Technologies

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 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 encoder market

Detailed Segmentation:

  • By Type
    • Rotary Encoder
    • Linear Encoder
  • By Technology
    • Optical
    • Magnetic
    • Photoelectric
    • Others
  • By End-use Industry
    • Automotive
    • Textile
    • Healthcare & Medical Devices
    • Industrial
    • Printing Machinery
    • Electronics
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Key Players Insights
    • Baumer Group
    • Dynapar Corporation (Fortive Corporation)
    • FAULHABER Drive Systems
    • HEIDENHAIN
    • Hengstler GMBH (Fortive Corporation)
    • Honeywell International
    • Maxon Motor AG
    • Omron Corporation
    • Panasonic Corporation
    • Pepperl+Fuchs International
    • POSITAL FRABA Inc. (FRABA BV)
    • Renishaw PLC
    • Rockwell Automation Inc.
    • Schneider Electric
    • Sensata Technologies
Product Code: CMI5218

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Type
    • Market Snippet, By Technology
    • Market Snippet, By End-use Industry
    • Market Snippet, By Region

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 Encoder Market, By Type, 2020-2032, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
    • Segment Trends
  • Rotary Encoder
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Linear Encoder
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)

5. Global Encoder Market, By Technology, 2020-2032, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
    • Segment Trends
  • Optical
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Magnetic
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Photoelectric
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Others
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)

6. Global Encoder Market, By End-use Industry, 2020-2032, (US$ Bn)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
    • Segment Trends
  • Automotive
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Textile
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Healthcare & Medical Devices
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Industrial
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Printing Machinery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Electronics
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)
  • Others
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Bn)

7. Global Encoder Market, By Region, 2020-2032, (US$ Bn)

  • Introduction
    • Market Share Analysis, By Region, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
  • North America
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
      • U.S.
      • Canada
  • Europe
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
      • South Africa
      • Israel
      • 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
    • Dynapar Corporation (Fortive Corporation)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • FAULHABER Drive Systems
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • HEIDENHAIN
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Hengstler GMBH (Fortive Corporation)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Honeywell International
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Maxon Motor AG
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Omron Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Panasonic Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Pepperl+Fuchs International
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • POSITAL FRABA Inc. (FRABA BV)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Renishaw PLC
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Rockwell Automation Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Schneider Electric
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Sensata Technologies
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates

9. Analyst Recommendations

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

10. Research Methodology

  • References
  • Research Methodology
  • About us and Sales Contact
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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