Market Overview:
The global magnetic encoder market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for absolute and incremental magnetic encoders in various applications, such as automobiles, new energy vehicles, elevators industry, machine tool, motor, food and packaging and other applications. North America is expected to hold the largest share of the global magnetic encoder market in 2018 followed by Europe.
Product Definition:
A magnetic encoder is a device that uses magnets to track the position or movement of a rotating shaft. This information can be used to control machinery, or it can be sent to another device for further processing. The importance of magnetic encoders lies in their ability to provide accurate information about rotational movements without the need for contact with the moving part. This makes them ideal for use in harsh environments or applications where reliability is essential.
Incremental Magnetic Encoder:
Incremental magnetic encoder is a form of position-sensitive switch that generates pulses of current as the part is moved along its assembly line. The incremental position sensitive switches are used in applications such as pallet detection, robotic guidance and control, automated guided vehicles (AGVs), material handling automation systems (MHA), and forklift trucking among others.
Absolute Magnetic Encoder:
Absolute magnetic encoder is a device used for measuring the position of moving parts in mechanical systems. It uses a combination of an electromagnetic coil and permanent magnets to convert analog signals into digital form, which is then decoded back to display the information on screen. Absolute magnetic encoders are widely used in industries such as automotive, food & beverage, pharmaceuticals and packaging among others owing to their benefits such as high resolution at low cost with no power supply fluctuations.
Application Insights:
The other application segment includes medical equipment, transportation and logistics, machine tools, consumer electronics and appliances as well as food and packaging. The increasing use of magnetic encoders in the machine tool industry to measure linear or angular position is expected to drive the market growth over the forecast period. The growing adoption of electric vehicles is likely to propel demand for new energy vehicle applications over the forecast period.
Increasing investments by governments in promoting electric vehicles are anticipated to boost demand for electric motors which are used in various automotive applications such as power trains, transmission systems & gears and steering systems among others. Electric motors require a high degree of precision when mounted on a vehicle which leads to increased usage of magnetic encoders for measuring motor rotational speed resulting in an increase in revenue share held by this segment during 2017 owing to technological advancement coupled with increasing government initiatives regarding reduction of vehicular emissions across various regions globally.
Regional Analysis:
North America dominated the market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for motor vehicles and industrial machinery. Moreover, growing adoption of smart devices coupled with rising need for real-time monitoring is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization and urbanization along with increasing disposable income levels in emerging economies such as China, India, Indonesia, Malaysia and Thailand among others.
Growth Factors:
- Increasing demand for automation in various industries
- Growing trend of miniaturization in electronics industry
- Rising demand for precision and accuracy in measurement and control systems
- Proliferation of smart devices and the Internet of Things (IoT)
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Encoder Market Research Report
By Type
Incremental Magnetic Encoder, Absolute Magnetic Encoder
By Application
Automobile, New Energy Vehicle, Elevator Industry, Machine Tool, Motor, Food and Packaging, Other
By Companies
Heidenhain, Dynapar, Tamagawa, Baumer, Pepperl+Fuchs, Renishaw, Broadcom, Sensata Technologies, Freudenberg Sealing Technologies, KACO, Bourns, Balluff, TE Connectivity, Hutchinson, Kubler, TR-Electronic
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Encoder Market Report Segments:
The global Magnetic Encoder market is segmented on the basis of:
Types
Incremental Magnetic Encoder, Absolute Magnetic Encoder
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, New Energy Vehicle, Elevator Industry, Machine Tool, Motor, Food and Packaging, Other
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:
- Heidenhain
- Dynapar
- Tamagawa
- Baumer
- Pepperl+Fuchs
- Renishaw
- Broadcom
- Sensata Technologies
- Freudenberg Sealing Technologies
- KACO
- Bourns
- Balluff
- TE Connectivity
- Hutchinson
- Kubler
- TR-Electronic
Highlights of The Magnetic 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:
- Incremental Magnetic Encoder
- Absolute Magnetic Encoder
- By Application:
- Automobile
- New Energy Vehicle
- Elevator Industry
- Machine Tool
- Motor
- Food and Packaging
- Other
- 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 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
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- Understanding Competition Scenario
- Product & Brand 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?
A magnetic encoder is a type of sensor that uses the principles of magnetism to measure the position or movement of an object. The sensor typically has a coil around it that is sensitive to changes in the Earth's magnetic field. When an object moves past the sensor, its magnetic fields change and this can be detected by the encoder.
Some of the key players operating in the magnetic encoder market are Heidenhain, Dynapar, Tamagawa, Baumer, Pepperl+Fuchs, Renishaw, Broadcom, Sensata Technologies, Freudenberg Sealing Technologies, KACO, Bourns, Balluff, TE Connectivity, Hutchinson, Kubler, TR-Electronic.
The magnetic 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 Magnetic 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 Magnetic Encoder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic 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 Magnetic 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 Magnetic Encoder Market Size & Forecast, 2018-2028
4.5.1 Magnetic Encoder Market Size and Y-o-Y Growth
4.5.2 Magnetic Encoder Market Absolute $ Opportunity
Chapter 5 Global Magnetic 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 Magnetic Encoder Market Size Forecast by Type
5.2.1 Incremental Magnetic Encoder
5.2.2 Absolute Magnetic Encoder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic 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 Magnetic Encoder Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 New Energy Vehicle
6.2.3 Elevator Industry
6.2.4 Machine Tool
6.2.5 Motor
6.2.6 Food and Packaging
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic 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 Magnetic 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 Magnetic Encoder Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic 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 Magnetic Encoder Market Size Forecast by Type
9.6.1 Incremental Magnetic Encoder
9.6.2 Absolute Magnetic Encoder
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 Encoder Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 New Energy Vehicle
9.10.3 Elevator Industry
9.10.4 Machine Tool
9.10.5 Motor
9.10.6 Food and Packaging
9.10.7 Other
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 Encoder Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic 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 Magnetic Encoder Market Size Forecast by Type
10.6.1 Incremental Magnetic Encoder
10.6.2 Absolute Magnetic Encoder
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 Encoder Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 New Energy Vehicle
10.10.3 Elevator Industry
10.10.4 Machine Tool
10.10.5 Motor
10.10.6 Food and Packaging
10.10.7 Other
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 Encoder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic 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 Magnetic Encoder Market Size Forecast by Type
11.6.1 Incremental Magnetic Encoder
11.6.2 Absolute Magnetic Encoder
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 Encoder Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 New Energy Vehicle
11.10.3 Elevator Industry
11.10.4 Machine Tool
11.10.5 Motor
11.10.6 Food and Packaging
11.10.7 Other
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 Encoder Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic 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 Magnetic Encoder Market Size Forecast by Type
12.6.1 Incremental Magnetic Encoder
12.6.2 Absolute Magnetic Encoder
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 Encoder Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 New Energy Vehicle
12.10.3 Elevator Industry
12.10.4 Machine Tool
12.10.5 Motor
12.10.6 Food and Packaging
12.10.7 Other
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 Encoder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic 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) Magnetic Encoder Market Size Forecast by Type
13.6.1 Incremental Magnetic Encoder
13.6.2 Absolute Magnetic Encoder
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 Encoder Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 New Energy Vehicle
13.10.3 Elevator Industry
13.10.4 Machine Tool
13.10.5 Motor
13.10.6 Food and Packaging
13.10.7 Other
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 Encoder Market: Competitive Dashboard
14.2 Global Magnetic Encoder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Heidenhain
14.3.2 Dynapar
14.3.3 Tamagawa
14.3.4 Baumer
14.3.5 Pepperl+Fuchs
14.3.6 Renishaw
14.3.7 Broadcom
14.3.8 Sensata Technologies
14.3.9 Freudenberg Sealing Technologies
14.3.10 KACO
14.3.11 Bourns
14.3.12 Balluff
14.3.13 TE Connectivity
14.3.14 Hutchinson
14.3.15 Kubler
14.3.16 TR-Electronic
