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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
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:
Types
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.
Applications
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:
- Nemicon
- Koyo
- Pepperl+Fuchs
- Heidenhain
- Yuheng Optics
- DYNAPAR
- Avago Technologies
- BEI Sensors
- HAWE
- TR Electronic
- Omron
- Baumer
- Emeta
- ENCODER
- Hubner
- KUBLER
- SIKO
Highlights of The Incremental 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:
- Axonia Incremental Encoder
- Shaft Sleeve Incremental Encoder
- By Application:
- Machine Tool
- Automatic Production Line
- Robot
- 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 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.
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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?
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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Koyo
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pepperl+Fuchs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Heidenhain
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yuheng Optics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DYNAPAR
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Avago Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BEI Sensors
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HAWE
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TR Electronic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Omron
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Baumer
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Emeta
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ENCODER
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hubner
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. KUBLER
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SIKO
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
