Market Overview:
The global magnetic encoder sales market is estimated 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. Asia Pacific is expected to witness the highest growth during the forecast period owing to the growing industrialization and urbanization in countries such as China and India.
Product Definition:
A magnetic encoder is a device used to detect the angular position or motion of a rotating shaft. It typically consists of two disks, one with north and south poles and the other with east and west poles, mounted on the shaft so that they rotate together. As the shaft rotates, the magnetic fields produced by the pole pairs interact to produce an electrical signal that can be used to track rotation.
Incremental Magnetic Encoder:
Incremental magnetic encoder is a device used to record the position of moving parts in a machine. It consists of two coils, one of which is stationary and other moves over it generating an electric current. The number of times this current is passed through the second coil determines the position of the part or component beingencoded.
Incremental magnetic encoders are widely used in manufacturing industries for various applications such as quality control, production line monitoring & control system etc.
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 to obtain the information about the position of the part. Absolute magnetic encoders are widely used in applications such as automotive, food & beverage processing equipment, pharmaceuticals packaging equipment among others owing to their benefits such as high resolution and accuracy along with low maintenance costs.
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 aforementioned applications is expected to drive the demand for these products over the forecast period.
Increasing adoption of electric vehicles is projected to have a positive impact on market growth over the coming years. Magnetic encoders are used in various applications such as automobile manufacturing plants, New Energy Vehicle (NEV), automotive service centers and repair shops along with related software solutions that make use of this device data for vehicle diagnostics purposes.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of prominent players such as Hall Effect Technology Corporation; however, Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in infrastructure development. For instance, China has implemented a national plan for developing its railway network which includes building new high-speed railways and conventional railroads across major cities and provinces at a cost of around USD X trillion from 2016 to 2020. This will create opportunities for magnetic encoders in this region during the forecast period.
The European region accounted for over 20% share of global revenue in 2017 due to early adoption by several automotive manufacturers including Volkswagen Group; BMW AG; Mercedes Benz AG Daimler AG; Fiat Chrysler Automobiles N.V.; PSA Peugeot Citroen S.A.; Ford Motor Company Europe GmbH & Co.
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features in vehicles
- Growing popularity of electric and hybrid vehicles that require high-precision sensors for motion control
- Proliferation of Industry 4.0 and the Internet of Things (IoT) across various manufacturing sectors
- Rising demand from medical device manufacturers for encoders with higher accuracy and resolution
- Growing investments in research and development by encoder manufacturers to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Encoder Sales 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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Encoder Sales Market Report Segments:
The global Magnetic Encoder Sales 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 Sales 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 Sales 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
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- Consumer Insights
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- 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?
Magnetic encoder sales are a type of industrial automation product that is used to measure the position or movement of objects.
Some of the major companies in the magnetic encoder sales 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 sales 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 Magnetic Encoder Sales 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 Sales Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Encoder Sales 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 Sales 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 Sales Market Size & Forecast, 2018-2028
4.5.1 Magnetic Encoder Sales Market Size and Y-o-Y Growth
4.5.2 Magnetic Encoder Sales Market Absolute $ Opportunity
Chapter 5 Global Magnetic Encoder Sales 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 Sales 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 Sales 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 Sales 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 Sales 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 Sales 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 Sales Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Encoder Sales 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 Sales 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 Sales 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 Sales Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Encoder Sales 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 Sales 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 Sales 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 Sales Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Encoder Sales 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 Sales 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 Sales 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 Sales Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Encoder Sales 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 Sales 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 Sales 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 Sales Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Encoder Sales 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 Sales 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 Sales 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 Sales Market: Competitive Dashboard
14.2 Global Magnetic Encoder Sales 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
