Market Overview:
The global digital absolute encoders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision and accuracy in industrial applications, rising adoption of automation across industries, and growing demand for smart factories. Based on type, the global digital absolute encoders market is segmented into optical, mechanical, and others. Optical encoders are expected to account for the largest share of the global digital absolute encoders market in 2018 owing to their high accuracy and precision levels. Based on application, the global digital absolute encoders market is segmented into elevator systems, NC machine tools, textile machinery systems, and others. Elevator systems are expected to account for the largest share of this market in 2018 owing to their widespread use across various end-use industries such as commercial buildings and residential complexes. Geographically speaking North America accounted for majority revenue share followed by Europe due increased spending by automotive sector on advanced safety features which indirectly drives Absolute Encoder sales .
Product Definition:
A digital absolute encoder is a device used to measure the position or rotation of an object with high accuracy. The device consists of a sensor, typically a rotary potentiometer, and a circuit that converts the sensor's output into a digital number. This number represents the position or rotation of the object relative to some fixed reference point.
Optical:
Optical is a technology that uses light to transmit information. The most common forms of optical devices are lasers, optical fibers, and lenses. Optical fibers help in transmitting data over long distances with the help of light; they are used in telecommunication applications as well as for cable television distribution.
Lasers can be used for marking or engraving.
Mechanical:
Mechanical absolute encoders are used in digital Absolute Encoders market. These devices are widely used for time-base synchronized transmission of data over a communication channel. It is also known as phase-locked loop (PLL) or phase-frequency modulation (PFM). The main function of mechanical ABSE is to provide frequency accuracy and good stability over the long term, which makes it an essential component in any quartz crystal controlled clock system such as GPS receiver.
Application Insights:
The global demand for ADAE has witnessed a paradigm shift due to the growing need for advanced machinery in various industries such as automotive, construction, and manufacturing. The textile machinery segment is expected to witness the highest CAGR of XX% over the forecast period owing to high product demand in this industry.
Elevator was the largest application segment with a revenue share of more than 40% in 2017 and is expected to continue its dominance over the forecast period due to increasing investments from foreign players in developing countries such as India and China. NC machine tool is also estimated be one of lucrative segments with a significant CAGR during the forecast years on account of increasing product adoption across several industries globally including aerospace & defense which require highly precise movements for manufacturing critical components or even whole machines accurately each time leading to increased productivity along with cost savings for companies operating within these sectors globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for digital absolute encoders, registering a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing automation in various industries. The growth can be attributed to the presence of numerous manufacturing facilities in countries such as China, Japan, India, and South Korea. Moreover, rising investments by governments in these regions are likely to boost demand for advanced machinery and equipment that includes absolute positioning devices.
North America accounted for more than 25% revenue share in 2017 owing bothto high adoption rate as well as growing demand from end-use industries such as textile machinery & NC machine tooling etc.; which are characterized by complex machining operations using cutting tools having long stroke length (i.
Growth Factors:
- Increasing demand for high-resolution and precision absolute encoders in motion control applications
- Growing popularity of digital absolute encoders in machine automation and robotics applications
- Rising demand for compact and lightweight absolute encoders for miniaturized equipment and devices
- Proliferation of industrial internet of things (IIoT) across various industry verticals
- Increasing adoption of digital absolute encoders in medical device manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Absolute Encoders Market Research Report
By Type
Optical, Mechanical, Others
By Application
Elevator, NC Machine Tool, Textile Machinery, Others
By Companies
HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Digital Absolute Encoders Market Report Segments:
The global Digital Absolute Encoders market is segmented on the basis of:
Types
Optical, Mechanical, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Elevator, NC Machine Tool, Textile Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HENGSTLER
- Baumer Group
- Pepperl+Fuchs
- RENISHAW
- Ifm Electronic
- SIKO
- ASM Sensor
- BALLUFF
Highlights of The Digital Absolute Encoders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Optical
- Mechanical
- Others
- By Application:
- Elevator
- NC Machine Tool
- Textile Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Absolute Encoders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital absolute encoders are a type of encoding technology that uses an algorithm to compress digital audio data. This compression can reduce the size of digital audio files, making them easier to store and transmit.
Some of the key players operating in the digital absolute encoders market are HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF.
The digital absolute encoders market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Absolute Encoders Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digital Absolute Encoders Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Absolute Encoders Market - Supply Chain
4.5. Global Digital Absolute Encoders Market Forecast
4.5.1. Digital Absolute Encoders Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Absolute Encoders Market Size (000 Units) and Y-o-Y Growth
4.5.3. Digital Absolute Encoders Market Absolute $ Opportunity
5. Global Digital Absolute Encoders Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Digital Absolute Encoders Market Size and Volume Forecast by Type
5.3.1. Optical
5.3.2. Mechanical
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Digital Absolute Encoders Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Digital Absolute Encoders Market Size and Volume Forecast by Application
6.3.1. Elevator
6.3.2. NC Machine Tool
6.3.3. Textile Machinery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Digital Absolute Encoders Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Digital Absolute Encoders Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Digital Absolute Encoders Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Digital Absolute Encoders Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Digital Absolute Encoders Demand Share Forecast, 2019-2026
9. North America Digital Absolute Encoders Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Digital Absolute Encoders Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Digital Absolute Encoders Market Size and Volume Forecast by Application
9.4.1. Elevator
9.4.2. NC Machine Tool
9.4.3. Textile Machinery
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Digital Absolute Encoders Market Size and Volume Forecast by Type
9.7.1. Optical
9.7.2. Mechanical
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Digital Absolute Encoders Demand Share Forecast, 2019-2026
10. Latin America Digital Absolute Encoders Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Digital Absolute Encoders Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Digital Absolute Encoders Market Size and Volume Forecast by Application
10.4.1. Elevator
10.4.2. NC Machine Tool
10.4.3. Textile Machinery
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Digital Absolute Encoders Market Size and Volume Forecast by Type
10.7.1. Optical
10.7.2. Mechanical
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Digital Absolute Encoders Demand Share Forecast, 2019-2026
11. Europe Digital Absolute Encoders Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Digital Absolute Encoders Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Digital Absolute Encoders Market Size and Volume Forecast by Application
11.4.1. Elevator
11.4.2. NC Machine Tool
11.4.3. Textile Machinery
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Digital Absolute Encoders Market Size and Volume Forecast by Type
11.7.1. Optical
11.7.2. Mechanical
11.7.3. Others
11.8. Basis Pint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Digital Absolute Encoders Demand Share, 2019-2026
12. Asia Pacific Digital Absolute Encoders Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Digital Absolute Encoders Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Digital Absolute Encoders Market Size and Volume Forecast by Application
12.4.1. Elevator
12.4.2. NC Machine Tool
12.4.3. Textile Machinery
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Digital Absolute Encoders Market Size and Volume Forecast by Type
12.7.1. Optical
12.7.2. Mechanical
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Digital Absolute Encoders Demand Share, 2019-2026
13. Middle East & Africa Digital Absolute Encoders Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Digital Absolute Encoders Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Digital Absolute Encoders Market Size and Volume Forecast by Application
13.4.1. Elevator
13.4.2. NC Machine Tool
13.4.3. Textile Machinery
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Digital Absolute Encoders Market Size and Volume Forecast by Type
13.7.1. Optical
13.7.2. Mechanical
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Digital Absolute Encoders Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Digital Absolute Encoders Market: Market Share Analysis
14.2. Digital Absolute Encoders Distributors and Customers
14.3. Digital Absolute Encoders Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HENGSTLER
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baumer Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pepperl+Fuchs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. RENISHAW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ifm Electronic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SIKO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ASM Sensor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BALLUFF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
