PUBLISHER: Verified Market Research | PRODUCT CODE: 1625027
PUBLISHER: Verified Market Research | PRODUCT CODE: 1625027
Linear Encoder Market was valued at USD 731.22 Million in 2018 and is projected to reachUSD 1,369.62 Million by 2026, growing at aCAGR of 8.33% from 2019 to 2026.
One of the major factors projected to drive the market is the rising need for high-end automation and high-precision machining tools. The Global Linear Encoder Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
A linear encoder refers to a device or sensor providing a signal and digital or analog to the controller built on a position measurement. There are several technologies that are utilized for measuring and assessing the linear position, including laser, transformation, and magnetostriction. Linear Encoders consist of a scale, and reader's head, which comprises of coil assembly and supportive electronics, providing sine-cosine feedback or quadrature square wave signals that enable direct integration to special electronic amplifier applications. These encoders operate based on electromagnetic induction.
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Global Linear Encoder Market Overview
One of the major factors projected to drive the market is the rising need for high-end automation and high-precision machining tools. Increasing usage of linear encoders in the end-use industries, such as medical, industrial, printing, and semiconductors. Other factors expected to propel the global linear encoder market are automation in robotics and consumer electronics and the high usage of optical encoders in the medical sector. With the growing complexity in electronic products, the demand for high-precision quality assurance in SMT placement is proliferating, which in turn propels the demand for the linear encoder.
However, mechanical failures in linear encoders due to harsh environments are expected to restrict the global linear encoder market growth during the forecast period. Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The "Linear Encoder Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The Global Linear Encoder Market is segmented on the basis of Type, Application, End-User, and Geography.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.