Market Overview:
The global digital 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 digital encoders in various applications such as healthcare, machine tool, consumer electronics, assembly equipment and others. Additionally, the growing demand for miniaturized and high-resolution encoders is also contributing to the growth of this market.
Product Definition:
A digital encoder is a device used to convert an analog input signal into a digital output signal. The purpose of a digital encoder is to provide accurate and reliable conversion of an analog input signal into a form that can be processed by a computer or other digital system.
Optical Type:
Optical type is a technology that uses light to transmit information. It can be used in various applications such as barcode scanners, optical character recognition (OCR), and optical sorting. The technology has been around for decades but has only recently started gaining popularity due to the advent of high-speed internet and the growing use of mobile devices with cameras.
Magnetic Type:
Magnetic type is a technology used in digital encoders for the protection of integrated circuits. It involves the use of magnetic fields for data storage and retrieval from memory cells. The main objective behind using this technology is to provide higher security levels by making it difficult to tamper with or modify the data stored in any device equipped with this system.
Application Insights:
The machine tool industry is expected to emerge as the fastest-growing segment over the forecast period owing to increasing demand for CNC machines from various industries such as automotive, aerospace and defense. The global digital encoders market is projected to witness significant growth in emerging economies of Asia Pacific and Latin America due to increase in manufacturing activities.
The assembly equipment industry also holds promising growth opportunities for the global market players. In recent years, there has been a rise in demand for automated production lines with advanced software that can be used for coordinate movements of parts on different machines during manufacturing process. Such factors are expected to drive product demand over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for digital encoders, registering a CAGR of XX% during the forecast period. The growth can be attributed to increasing demand from various end-use industries in countries such as China and India. In addition, rising investments by companies in these regions are anticipated to drive regional growth over the next eight years. For instance, In January 2017, Analog Devices invested USD X million for expanding its manufacturing capabilities in India to meet growing demand from customers across Asia Pacific region.
North America accounted for more than 20% of global revenue share in 2016 owing to early adoption of technologies by machine tool manufacturers.
Growth Factors:
- Increasing demand for digital encoders in the automotive industry for advanced safety features and fuel efficiency.
- Growing demand from the industrial sector for encoders with high precision and accuracy to control machinery and equipment.
- Rising popularity of motion control systems in various industries, which is boosting the demand for digital encoders.
- Technological advancements in digital encoding technologies that are making these devices more compact, efficient, and reliable.
- Growing adoption of machine-to-machine (M2M) communication across different industries, which is fueling the need for high-performance digital encoders
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Encoders Market Research Report
By Type
Optical Type, Magnetic Type
By Application
Healthcare, Machine Tool, Consumer Electronics, Assembly Equipment, Others
By Companies
Cisco, Broadcom, BEI Sensors, Renishaw, Hengstler, Dynapar, Baumer Group, Tokyo Sokuteikizai, CTS, Allied Motion, Cisco, US Digital, CUI, Omron, Heidenhain, Bourns, Grayhill, Gurley, Honeywell, Honest Sensor Corporation, HONTKO
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Digital Encoders Market Report Segments:
The global Digital Encoders market is segmented on the basis of:
Types
Optical Type, Magnetic Type
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
Healthcare, Machine Tool, Consumer Electronics, Assembly Equipment, 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:
- Cisco
- Broadcom
- BEI Sensors
- Renishaw
- Hengstler
- Dynapar
- Baumer Group
- Tokyo Sokuteikizai
- CTS
- Allied Motion
- Cisco
- US Digital
- CUI
- Omron
- Heidenhain
- Bourns
- Grayhill
- Gurley
- Honeywell
- Honest Sensor Corporation
- HONTKO
Highlights of The Digital 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 Type
- Magnetic Type
- By Application:
- Healthcare
- Machine Tool
- Consumer Electronics
- Assembly Equipment
- 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 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
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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 encoders are devices that convert digital signals into an analog format. This allows them to be transmitted over a wire or through the air, and then converted back into digital form by a decoder.
Some of the major players in the digital encoders market are Cisco, Broadcom, BEI Sensors, Renishaw, Hengstler, Dynapar, Baumer Group, Tokyo Sokuteikizai, CTS, Allied Motion, Cisco, US Digital, CUI, Omron, Heidenhain, Bourns, Grayhill, Gurley, Honeywell, Honest Sensor Corporation, HONTKO.
The digital encoders market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Encoders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Encoders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Encoders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Encoders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Encoders Market Size & Forecast, 2018-2028
4.5.1 Digital Encoders Market Size and Y-o-Y Growth
4.5.2 Digital Encoders Market Absolute $ Opportunity
Chapter 5 Global Digital Encoders Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Encoders Market Size Forecast by Type
5.2.1 Optical Type
5.2.2 Magnetic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Encoders Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Encoders Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Machine Tool
6.2.3 Consumer Electronics
6.2.4 Assembly Equipment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Encoders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Encoders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Encoders Analysis and Forecast
9.1 Introduction
9.2 North America Digital Encoders Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Encoders Market Size Forecast by Type
9.6.1 Optical Type
9.6.2 Magnetic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Encoders Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Machine Tool
9.10.3 Consumer Electronics
9.10.4 Assembly Equipment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Encoders Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Encoders Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Encoders Market Size Forecast by Type
10.6.1 Optical Type
10.6.2 Magnetic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Encoders Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Machine Tool
10.10.3 Consumer Electronics
10.10.4 Assembly Equipment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Encoders Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Encoders Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Encoders Market Size Forecast by Type
11.6.1 Optical Type
11.6.2 Magnetic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Encoders Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Machine Tool
11.10.3 Consumer Electronics
11.10.4 Assembly Equipment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Encoders Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Encoders Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Encoders Market Size Forecast by Type
12.6.1 Optical Type
12.6.2 Magnetic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Encoders Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Machine Tool
12.10.3 Consumer Electronics
12.10.4 Assembly Equipment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Encoders Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Encoders Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Encoders Market Size Forecast by Type
13.6.1 Optical Type
13.6.2 Magnetic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Encoders Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Machine Tool
13.10.3 Consumer Electronics
13.10.4 Assembly Equipment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Encoders Market: Competitive Dashboard
14.2 Global Digital Encoders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 Broadcom
14.3.3 BEI Sensors
14.3.4 Renishaw
14.3.5 Hengstler
14.3.6 Dynapar
14.3.7 Baumer Group
14.3.8 Tokyo Sokuteikizai
14.3.9 CTS
14.3.10 Allied Motion
14.3.11 Cisco
14.3.12 US Digital
14.3.13 CUI
14.3.14 Omron
14.3.15 Heidenhain
14.3.16 Bourns
14.3.17 Grayhill
14.3.18 Gurley
14.3.19 Honeywell
14.3.20 Honest Sensor Corporation
14.3.21 HONTKO
