Market Overview:
The global magnetic 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 magnetic absolute encoders market is segmented into multi-turn encoders and single-turn encoders. The multi-turn encoder segment is expected to account for a larger share of the global magnetic absolute encoder market than the single-turn encoder segment during the forecast period. This can be attributed to their ability to provide high precision and accuracy in industrial applications as compared with single-turnencoders.
Product Definition:
A magnetic absolute encoder is a device that uses magnets to track the position of a shaft. This information can be used to create an electronic representation of the position, which can be used by machinery or other devices. The importance of magnetic absolute encoders is that they provide an accurate and reliable way to track movement, making them ideal for use in precision applications.
Multi-Turn Encoders:
Multi-turn encoders are used in applications, where high accuracy is required. It's major application includes the control of positioning and movement of parts or components in a machine. Multi-turn decoders are also known as incremental rotary switches or absolute positioner which is used to measure the rotation angle with high accuracy.
Single-Turn Encoders:
Single-turn encoders are used in Magnetic Absolute Encoders to provide a single increment pulse position. These devices are available in two variants, namely ceramic and PCB. The ceramic type is preferred over the printed circuit board variant owing to its high performance and low price.
The key application areas of Single-Turn Encoders include automotive, consumer electronics & semiconductors, industrial automation systems, medical equipment & research laboratories among others.
Application Insights:
The textile machinery segment is expected to register the fastest CAGR of XX% over the forecast period owing to increasing demand for automation in textile manufacturing plants. The application of magnetic ABSENCODERs has been growing significantly in textile industries across the world, as these machines help maintain high production standards and ensure quality control throughout the manufacturing process.
Magnetic ABSENCODers are used for NC machine tools as they provide a resolution better than 0.01°, which helps measure small angles and arcs with high accuracy and sensitivity while preventing any kind of wander or error during measurement operations on various types of machining centers including CNC lathe machines, milling machines & robots, drilling & tapping centers among others.
Elevator was the largest application segment accounted for more than 30% revenue share in 2017 due to its wide scale adoption across mining sites.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and OEMs. The region is expected to maintain its dominance over the forecast period due to increasing investments in automation technologies and rising demand for high-precision equipment. Asia Pacific is projected to grow at a lucrative rate over the forecast period, owing to increasing government initiatives for manufacturing & industrial development coupled with improving economic conditions. Furthermore, growing infrastructure activities are also anticipated boost regional growth during the forecast period.
The key players operating in this industry are AEG Telefunken AG; Anritsu Corporation; Furukawa Electric Co., Ltd.; Hiconic Corporation; Mitsubishi Electric Factory Automation Sales (MEEFA) Inc.; Nidec Corporation; Shintech Systems Co., Ltd.; Yokogawa Electric Corp.
Growth Factors:
- Increasing demand for high-precision and reliable position measurement in industrial automation applications is expected to drive the growth of the magnetic absolute encoders market.
- Growing popularity of machine vision and robotics in various industries is also anticipated to fuel the demand for magnetic absolute encoders over the forecast period.
- Rising investments in research and development activities for innovative product offerings by key players is likely to propel the growth of this market during the forecast period.
- The increasing trend of miniaturization across different industry verticals is projected to create opportunities for magnetic absolute encoder manufacturers in terms of volume sales over the next few years.
- Growing awareness about benefits offered by these devices, such as improved accuracy and reliability, among end users is expected to boost their adoption across a wide range of industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Absolute Encoders Market Research Report
By Type
Multi-Turn Encoders, Single-Turn Encoders
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Absolute Encoders Market Report Segments:
The global Magnetic Absolute Encoders market is segmented on the basis of:
Types
Multi-Turn Encoders, Single-Turn Encoders
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 Magnetic 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:
- Multi-Turn Encoders
- Single-Turn Encoders
- 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 Magnetic 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.
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- Correctly Positioning New Products
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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?
Magnetic absolute encoders are a type of encoder that use the principles of magnetism to measure the position and movement of an object. These encoders typically have a magnetic field that is used to track the movement of an object, and they can be used in a variety of applications including manufacturing, robotics, and machine control.
Some of the key players operating in the magnetic absolute encoders market are HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF.
The magnetic absolute encoders 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 Magnetic Absolute 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 Magnetic Absolute Encoders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Absolute 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 Magnetic Absolute 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 Magnetic Absolute Encoders Market Size & Forecast, 2018-2028
4.5.1 Magnetic Absolute Encoders Market Size and Y-o-Y Growth
4.5.2 Magnetic Absolute Encoders Market Absolute $ Opportunity
Chapter 5 Global Magnetic Absolute 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 Magnetic Absolute Encoders Market Size Forecast by Type
5.2.1 Multi-Turn Encoders
5.2.2 Single-Turn Encoders
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Absolute 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 Magnetic Absolute Encoders Market Size Forecast by Applications
6.2.1 Elevator
6.2.2 NC Machine Tool
6.2.3 Textile Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Absolute 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 Magnetic Absolute 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 Magnetic Absolute Encoders Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Absolute 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 Magnetic Absolute Encoders Market Size Forecast by Type
9.6.1 Multi-Turn Encoders
9.6.2 Single-Turn Encoders
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 Magnetic Absolute Encoders Market Size Forecast by Applications
9.10.1 Elevator
9.10.2 NC Machine Tool
9.10.3 Textile Machinery
9.10.4 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 Magnetic Absolute Encoders Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Absolute 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 Magnetic Absolute Encoders Market Size Forecast by Type
10.6.1 Multi-Turn Encoders
10.6.2 Single-Turn Encoders
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 Magnetic Absolute Encoders Market Size Forecast by Applications
10.10.1 Elevator
10.10.2 NC Machine Tool
10.10.3 Textile Machinery
10.10.4 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 Magnetic Absolute Encoders Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Absolute 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 Magnetic Absolute Encoders Market Size Forecast by Type
11.6.1 Multi-Turn Encoders
11.6.2 Single-Turn Encoders
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 Magnetic Absolute Encoders Market Size Forecast by Applications
11.10.1 Elevator
11.10.2 NC Machine Tool
11.10.3 Textile Machinery
11.10.4 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 Magnetic Absolute Encoders Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Absolute 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 Magnetic Absolute Encoders Market Size Forecast by Type
12.6.1 Multi-Turn Encoders
12.6.2 Single-Turn Encoders
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 Magnetic Absolute Encoders Market Size Forecast by Applications
12.10.1 Elevator
12.10.2 NC Machine Tool
12.10.3 Textile Machinery
12.10.4 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) Magnetic Absolute Encoders Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Absolute 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) Magnetic Absolute Encoders Market Size Forecast by Type
13.6.1 Multi-Turn Encoders
13.6.2 Single-Turn Encoders
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) Magnetic Absolute Encoders Market Size Forecast by Applications
13.10.1 Elevator
13.10.2 NC Machine Tool
13.10.3 Textile Machinery
13.10.4 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 Magnetic Absolute Encoders Market: Competitive Dashboard
14.2 Global Magnetic Absolute Encoders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HENGSTLER
14.3.2 Baumer Group
14.3.3 Pepperl+Fuchs
14.3.4 RENISHAW
14.3.5 Ifm Electronic
14.3.6 SIKO
14.3.7 ASM Sensor
14.3.8 BALLUFF
