Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Incremental Encoder Market by Type (Axonia Incremental Encoder, Shaft Sleeve Incremental Encoder), By Application (Machine Tool, Automatic Production Line, Robot, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Incremental Encoder Market by Type (Axonia Incremental Encoder, Shaft Sleeve Incremental Encoder), By Application (Machine Tool, Automatic Production Line, Robot, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157643 3300 Machinery & Equipment 377 236 Pages 4.7 (35)

Market Overview:

The global incremental encoder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automation in various industries and rising adoption of industrial robots across different regions. Additionally, growing investments by OEMs for the development of advanced technologies is also propelling the growth of this market. Based on type, shaft sleeve incremental encoders are expected to hold a larger share in the global incremental encoder market during the forecast period. This can be attributed to their high accuracy and reliability as compared to other types of incremental encoders available in the market.

Global Incremental Encoder Industry Outlook

Product Definition:

An incremental encoder is a type of encoder that produces an output signal that corresponds to the relative position of the encoder's shaft. The output signal is usually a series of pulses, with each pulse representing a certain number of "counts" or steps. Incremental encoders are used in many applications where precise position information is needed, such as robotics and machine automation.

Axonia Incremental Encoder:

Axonia incremental encoder is a technology that enables the efficient transmission of information from an experimental setup to the data acquisition (DAQ) system. It provides a robust solution for real-time, high accuracy, and low power experiment execution. Axonia incremental encoders are used in various applications such as neurophysiology experiments, microelectrode arrays (Mea), extracellular recording devices (ECR), single-cell resolution imaging & analysis and others.

Shaft Sleeve Incremental Encoder:

Shaft Sleeve Incremental Encoder is a device used to measure the axial movement of a shaft. It consists of an outer race, which is mounted on the rotating part and an inner race, which can be attached to the end of the shaft. The two races are fitted with different sized sleeves that revolve around the shaft and as they are driven by different sized gears.

Application Insights:

Incremental encoders are used in machine tools, automatic production lines, robots and other applications. In 2017, the machine tool application segment dominated the global incremental encoder market with a share of over 60%. The segment is expected to maintain its dominance throughout the forecast period. This can be attributed to their widespread use in various industries including metal cutting machines, drilling & milling machines etc.

Incremental coders are also used for controlling automated systems on industrial assembly lines and in robot-based applications such as pick and place or material handling etc. These devices help prevent jams by providing positive stop indication at each stage of movement which helps avoid misalignment problems between parts during final stages of production line operations or robot movements etc.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing market for incremental encoders, registering a CAGR of XX% during the forecast period. The growth can be attributed to increasing automation in industrial manufacturing processes and growing demand for smaller, slimmer machine tools in this region. Europe is also estimated to witness considerable growth over the coming years owing to rising demand from several application segments including automatic production lines and robots.

Increasing investments by governments of various countries coupled with favorable government regulations are anticipated to boost industrial automation across European countries, which will drive product adoption in robot-assisted applications as well as other industries requiring high-precision positioning devices such as aerospace & defense and automotive sector.

Growth Factors:

  • Increasing demand for automation in various industries
  • Growing adoption of industrial robots
  • Rising demand for position and motion sensing in automotive and robotics applications
  • Proliferation of smart devices and the Internet of Things (IoT)
  • Growing trend of miniaturization in electronics

Scope Of The Report

Report Attributes

Report Details

Report Title

Incremental Encoder Market Research Report

By Type

Axonia Incremental Encoder, Shaft Sleeve Incremental Encoder

By Application

Machine Tool, Automatic Production Line, Robot, Other

By Companies

Nemicon, Koyo, Pepperl+Fuchs, Heidenhain, Yuheng Optics, DYNAPAR, Avago Technologies, BEI Sensors, HAWE, TR Electronic, Omron, Baumer, Emeta, ENCODER, Hubner, KUBLER, SIKO

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Incremental Encoder Market Report Segments:

The global Incremental Encoder market is segmented on the basis of:


Axonia Incremental Encoder, Shaft Sleeve Incremental 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.


Machine Tool, Automatic Production Line, Robot, 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:

  1. Nemicon
  2. Koyo
  3. Pepperl+Fuchs
  4. Heidenhain
  5. Yuheng Optics
  7. Avago Technologies
  8. BEI Sensors
  9. HAWE
  10. TR Electronic
  11. Omron
  12. Baumer
  13. Emeta
  15. Hubner
  16. KUBLER
  17. SIKO

Global Incremental Encoder Market Overview

Highlights of The Incremental Encoder Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Axonia Incremental Encoder
    2. Shaft Sleeve Incremental Encoder
  1. By Application:

    1. Machine Tool
    2. Automatic Production Line
    3. Robot
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Incremental 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

Global Incremental Encoder Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Incremental encoder is a compression algorithm that uses the principle of entropy encoding. It works by taking a series of input bytes and encoding them into smaller units, or blocks. The algorithm then assigns a unique identifier to each block, and compresses the blocks using Huffman coding.

Some of the key players operating in the incremental encoder market are Nemicon, Koyo, Pepperl+Fuchs, Heidenhain, Yuheng Optics, DYNAPAR, Avago Technologies, BEI Sensors, HAWE, TR Electronic, Omron, Baumer, Emeta, ENCODER, Hubner, KUBLER, SIKO.

The incremental encoder market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Incremental Encoder Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Incremental Encoder Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Incremental Encoder Market - Supply Chain
   4.5. Global Incremental Encoder Market Forecast
      4.5.1. Incremental Encoder Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Incremental Encoder Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Incremental Encoder Market Absolute $ Opportunity

5. Global Incremental Encoder Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Incremental Encoder Market Size and Volume Forecast by Type
      5.3.1. Axonia Incremental Encoder
      5.3.2. Shaft Sleeve Incremental Encoder
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Incremental Encoder Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Incremental Encoder Market Size and Volume Forecast by Application
      6.3.1. Machine Tool
      6.3.2. Automatic Production Line
      6.3.3. Robot
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Incremental Encoder Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Incremental Encoder Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Incremental Encoder Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Incremental Encoder Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Incremental Encoder Demand Share Forecast, 2019-2026

9. North America Incremental Encoder Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Incremental Encoder Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Incremental Encoder Market Size and Volume Forecast by Application
      9.4.1. Machine Tool
      9.4.2. Automatic Production Line
      9.4.3. Robot
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Incremental Encoder Market Size and Volume Forecast by Type
      9.7.1. Axonia Incremental Encoder
      9.7.2. Shaft Sleeve Incremental Encoder
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Incremental Encoder Demand Share Forecast, 2019-2026

10. Latin America Incremental Encoder Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Incremental Encoder Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Incremental Encoder Market Size and Volume Forecast by Application
      10.4.1. Machine Tool
      10.4.2. Automatic Production Line
      10.4.3. Robot
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Incremental Encoder Market Size and Volume Forecast by Type
      10.7.1. Axonia Incremental Encoder
      10.7.2. Shaft Sleeve Incremental Encoder
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Incremental Encoder Demand Share Forecast, 2019-2026

11. Europe Incremental Encoder Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Incremental Encoder Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Incremental Encoder Market Size and Volume Forecast by Application
      11.4.1. Machine Tool
      11.4.2. Automatic Production Line
      11.4.3. Robot
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Incremental Encoder Market Size and Volume Forecast by Type
      11.7.1. Axonia Incremental Encoder
      11.7.2. Shaft Sleeve Incremental Encoder
   11.8. Basis Point Share (BS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Incremental Encoder Demand Share, 2019-2026

12. Asia Pacific Incremental Encoder Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Incremental Encoder Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Incremental Encoder Market Size and Volume Forecast by Application
      12.4.1. Machine Tool
      12.4.2. Automatic Production Line
      12.4.3. Robot
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Incremental Encoder Market Size and Volume Forecast by Type
      12.7.1. Axonia Incremental Encoder
      12.7.2. Shaft Sleeve Incremental Encoder
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Incremental Encoder Demand Share, 2019-2026

13. Middle East & Africa Incremental Encoder Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Incremental Encoder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Incremental Encoder Market Size and Volume Forecast by Application
      13.4.1. Machine Tool
      13.4.2. Automatic Production Line
      13.4.3. Robot
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Incremental Encoder Market Size and Volume Forecast by Type
      13.7.1. Axonia Incremental Encoder
      13.7.2. Shaft Sleeve Incremental Encoder
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Incremental Encoder Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Incremental Encoder Market: Market Share Analysis
   14.2. Incremental Encoder Distributors and Customers
   14.3. Incremental Encoder Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Nemicon Overview Financials Developments Strategic Outlook
      14.4.2. Koyo Overview Financials Developments Strategic Outlook
      14.4.3. Pepperl+Fuchs Overview Financials Developments Strategic Outlook
      14.4.4. Heidenhain Overview Financials Developments Strategic Outlook
      14.4.5. Yuheng Optics Overview Financials Developments Strategic Outlook
      14.4.6. DYNAPAR Overview Financials Developments Strategic Outlook
      14.4.7. Avago Technologies Overview Financials Developments Strategic Outlook
      14.4.8. BEI Sensors Overview Financials Developments Strategic Outlook
      14.4.9. HAWE Overview Financials Developments Strategic Outlook
      14.4.10. TR Electronic Overview Financials Developments Strategic Outlook
      14.4.11. Omron Overview Financials Developments Strategic Outlook
      14.4.12. Baumer Overview Financials Developments Strategic Outlook
      14.4.13. Emeta Overview Financials Developments Strategic Outlook
      14.4.14. ENCODER Overview Financials Developments Strategic Outlook
      14.4.15. Hubner Overview Financials Developments Strategic Outlook
      14.4.16. KUBLER Overview Financials Developments Strategic Outlook
      14.4.17. SIKO Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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