Market Overview:
The global digital string encoder 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 string encoders in various applications, such as automobiles, machinery manufacturing, and measuring equipment manufacturing. Additionally, the growing demand for miniaturized and lightweight digital string encoders is also contributing to the growth of this market.
Product Definition:
A digital string encoder is a device that takes an analog input signal and converts it into a series of binary digits. The output of the encoder can be used to control devices such as motors or valves.
Heavy Drawstring:
Heavy drawstring is a technology that uses high tensile strength polypropylene or polyester as the material for the drawstring. Heavy-duty plastic materials are preferred over conventional ones due to their ability to withstand higher stress and greater durability. The heavy-duty plastic material has better impact resistance, which helps in avoiding damages caused by dropped instruments during shipping and handling.
Light Drawstring:
Light drawstring is a new technology that helps in reducing the weight of the package by eliminating or reducing use of adhesive. It uses a thin string (lightweight fiber) for packaging which can be easily unplugged and removed without causing any harm to contents. The string is placed inside an outer protective sleeve made from plastic or paper, hence it does not damage the product even after continuous removal and plugging.
Application Insights:
Automobile application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The global automotive industry is witnessing a paradigm shift due to technological advancements coupled with stringent government regulations regarding pollution control. These factors are anticipated to drive demand for digital string encoders over the coming years.
The manufacturing sector has been one of the major consumers of these devices as they help measure and track inventory efficiently. Stringent regulations pertaining to workplace safety across various industries are also expected to contribute toward increased demand in manufacturing applications globally. The machinery manufacturing sector is another key consumer as it requires precise measurement and tracking of parts & assemblies during production processes, which further leads into higher product adoption worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising foreign investments in countries such as China, India, Japan, and South Korea. Stringent government regulations regarding energy conservation are also anticipated to drive demand for digital string encoders in this region. For instance, according to a 2014 study published by Energy Information Administration (EIA), U.S.
The European market accounted for over 25% of the global revenue share in 2017 owing to high product penetration across several end-use industries such as automotive manufacturing and packaging machinery manufacturing that require heavy drawstrings or light drawstrings respectively.
Growth Factors:
- Increasing demand for digital string 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 monitor and control machinery.
- Increasing adoption of digital string encoders in medical devices to improve patient safety and accuracy of treatments.
- Rising popularity of motion control systems that use digital string encoders for precise positioning and movement of objects in three dimensions space.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital String Encoder Market Research Report
By Type
Heavy Drawstring, Light Drawstring
By Application
Automobile, Machinery Manufacturing, Measuring Equipment Manufacturing
By Companies
Sensata Technologies, Micro-Epsilon, TE, Sendex, Kübler Group, AK Industries, TWK, WayCon Positionsmesstechnik, NOVOTECHNIK, Variohm, Sensata Technologies, ALTHEN, LOADSTAR SENSORS, LINARIX, VOLFA
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Digital String Encoder Market Report Segments:
The global Digital String Encoder market is segmented on the basis of:
Types
Heavy Drawstring, Light Drawstring
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
Automobile, Machinery Manufacturing, Measuring Equipment Manufacturing
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:
- Sensata Technologies
- Micro-Epsilon
- TE
- Sendex
- Kübler Group
- AK Industries
- TWK
- WayCon Positionsmesstechnik
- NOVOTECHNIK
- Variohm
- Sensata Technologies
- ALTHEN
- LOADSTAR SENSORS
- LINARIX
- VOLFA
Highlights of The Digital String Encoder 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:
- Heavy Drawstring
- Light Drawstring
- By Application:
- Automobile
- Machinery Manufacturing
- Measuring Equipment Manufacturing
- 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 String Encoder 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 String Encoder is a software that helps to encode text or other digital data into a string of characters.
Some of the key players operating in the digital string encoder market are Sensata Technologies, Micro-Epsilon, TE, Sendex, K¼bler Group, AK Industries, TWK, WayCon Positionsmesstechnik, NOVOTECHNIK, Variohm, Sensata Technologies, ALTHEN, LOADSTAR SENSORS, LINARIX, VOLFA.
The digital string encoder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital String Encoder 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 String Encoder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital String Encoder 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 String Encoder 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 String Encoder Market Size & Forecast, 2018-2028
4.5.1 Digital String Encoder Market Size and Y-o-Y Growth
4.5.2 Digital String Encoder Market Absolute $ Opportunity
Chapter 5 Global Digital String Encoder 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 String Encoder Market Size Forecast by Type
5.2.1 Heavy Drawstring
5.2.2 Light Drawstring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital String Encoder 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 String Encoder Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Machinery Manufacturing
6.2.3 Measuring Equipment Manufacturing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital String Encoder 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 String Encoder 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 String Encoder Analysis and Forecast
9.1 Introduction
9.2 North America Digital String Encoder 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 String Encoder Market Size Forecast by Type
9.6.1 Heavy Drawstring
9.6.2 Light Drawstring
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 String Encoder Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Machinery Manufacturing
9.10.3 Measuring Equipment Manufacturing
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 String Encoder Analysis and Forecast
10.1 Introduction
10.2 Europe Digital String Encoder 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 String Encoder Market Size Forecast by Type
10.6.1 Heavy Drawstring
10.6.2 Light Drawstring
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 String Encoder Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Machinery Manufacturing
10.10.3 Measuring Equipment Manufacturing
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 String Encoder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital String Encoder 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 String Encoder Market Size Forecast by Type
11.6.1 Heavy Drawstring
11.6.2 Light Drawstring
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 String Encoder Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Machinery Manufacturing
11.10.3 Measuring Equipment Manufacturing
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 String Encoder Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital String Encoder 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 String Encoder Market Size Forecast by Type
12.6.1 Heavy Drawstring
12.6.2 Light Drawstring
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 String Encoder Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Machinery Manufacturing
12.10.3 Measuring Equipment Manufacturing
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 String Encoder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital String Encoder 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 String Encoder Market Size Forecast by Type
13.6.1 Heavy Drawstring
13.6.2 Light Drawstring
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 String Encoder Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Machinery Manufacturing
13.10.3 Measuring Equipment Manufacturing
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 String Encoder Market: Competitive Dashboard
14.2 Global Digital String Encoder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sensata Technologies
14.3.2 Micro-Epsilon
14.3.3 TE
14.3.4 Sendex
14.3.5 Kübler Group
14.3.6 AK Industries
14.3.7 TWK
14.3.8 WayCon Positionsmesstechnik
14.3.9 NOVOTECHNIK
14.3.10 Variohm
14.3.11 Sensata Technologies
14.3.12 ALTHEN
14.3.13 LOADSTAR SENSORS
14.3.14 LINARIX
14.3.15 VOLFA
