Market Overview:
The global mechanical 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 precision and accuracy in machines and equipment, rising adoption of encoders in consumer electronics applications, and increasing investments by aerospace & defense companies in advanced technologies. The linear magnetic encoder segment is expected to hold the largest share of the global mechanical encoder market during the forecast period. This can be attributed to its high accuracy, reliability, and precision compared with other types of mechanical encoders.
Product Definition:
A mechanical encoder is a device that converts rotational motion into an electrical signal. This signal can be used to track the position or velocity of the rotating object. The importance of mechanical encoders lies in their ability to provide accurate and reliable feedback for industrial control systems.
Linear Magnetic Encoders:
Linear magnetic encoders are used in mechanical position sensors to convert the motion of a part or assembly into an electrical signal. The electrical signals generated from these sensors are used for monitoring and controlling purposes. These devices have applications in automotive, robotics, medical equipment manufacturing industries owing to their high accuracy and low maintenance cost.
Rotary Magnetic Encoders:
Rotary magnetic encoders are devices used to measure the position of a part or assembly in three-dimensional space. It is an instrument that utilizes a series of magnets rotating around an axis to provide incremental positions for measuring the movement along with providing signals. The signals generated by rotary magnetic encoders are used in mechanicalencoder market for process control applications such as automation and robotics, inspection systems, machine tool alignment etc.
Application Insights:
The other application segment includes medical equipment, transportation equipment, consumer electronics and aerospace & defense. In 2017, the machinery & equipment segment dominated the global market with a revenue share of over 40%. The growth can be attributed to increasing demand for high precision measuring devices in various industries including automotive and manufacturing.
Mechanical encoders are used to measure angles related to rotary shafts or linear slides on machines or tools. They are widely used in several applications such as construction and mining machinery for measuring angle of inclination along with grade-line sensors which provide information about slope changes along a straight line reference surface. These devices also find their usage in automobile manufacturing plants for monitoring robot arms during production lines thereby ensuring quality control at every stage of product assembly.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing manufacturing activities across various industries, particularly automotive and consumer electronics. This trend is projected to drive the demand for machinery and equipment, which in turn will propel market growth over the next eight years.
The growing industrialization coupled with rapid urbanization has resulted in an increased need for infrastructure development across emerging economies such as China, India, Indonesia among others.
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features and fuel efficiency is expected to drive the growth of the mechanical encoder market.
- The increasing adoption of industrial automation across various industries is also anticipated to boost the demand for mechanical encoders in the near future.
- Growing demand from end-use applications such as medical devices, robotics, and aerospace & defense is also projected to propel market growth over the forecast period.
- Rising awareness about energy conservation and growing concerns over environmental pollution are expected to create new opportunities for players operating in this market during the forecast period. 5) Technological advancements in optical encoders are likely to provide a major impetus to market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Encoder Market Research Report
By Type
Linear Magnetic Encoders, Rotary Magnetic Encoders
By Application
Machinery & Equipment, Consumer Electronics, Aerospace & Defense, Other
By Companies
Renishaw, Bourns, Dynaper, BEI Sensors, Broadcom, Balluff, Phoenix America, Hohner Automaticos, KACO, TE Connectivity, Avago Technologies, AMS, Heidenhain, Siko, ALPS
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Encoder Market Report Segments:
The global Mechanical Encoder market is segmented on the basis of:
Types
Linear Magnetic Encoders, Rotary Magnetic 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
Machinery & Equipment, Consumer Electronics, Aerospace & Defense, 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:
- Renishaw
- Bourns
- Dynaper
- BEI Sensors
- Broadcom
- Balluff
- Phoenix America
- Hohner Automaticos
- KACO
- TE Connectivity
- Avago Technologies
- AMS
- Heidenhain
- Siko
- ALPS
Highlights of The Mechanical 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:
- Linear Magnetic Encoders
- Rotary Magnetic Encoders
- By Application:
- Machinery & Equipment
- Consumer Electronics
- Aerospace & Defense
- 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 Mechanical 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
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 mechanical encoder is a device that converts motion into digital information. This information can then be used to control various aspects of an industrial or manufacturing process.
Some of the key players operating in the mechanical encoder market are Renishaw, Bourns, Dynaper, BEI Sensors, Broadcom, Balluff, Phoenix America, Hohner Automaticos, KACO, TE Connectivity, Avago Technologies, AMS, Heidenhain, Siko, ALPS.
The mechanical encoder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical 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. Mechanical Encoder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Encoder Market - Supply Chain
4.5. Global Mechanical Encoder Market Forecast
4.5.1. Mechanical Encoder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Encoder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Encoder Market Absolute $ Opportunity
5. Global Mechanical 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. Mechanical Encoder Market Size and Volume Forecast by Type
5.3.1. Linear Magnetic Encoders
5.3.2. Rotary Magnetic Encoders
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical 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. Mechanical Encoder Market Size and Volume Forecast by Application
6.3.1. Machinery & Equipment
6.3.2. Consumer Electronics
6.3.3. Aerospace & Defense
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical 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. Mechanical 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 Mechanical 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. Mechanical 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 Mechanical Encoder Demand Share Forecast, 2019-2026
9. North America Mechanical 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 Mechanical 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 Mechanical Encoder Market Size and Volume Forecast by Application
9.4.1. Machinery & Equipment
9.4.2. Consumer Electronics
9.4.3. Aerospace & Defense
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 Mechanical Encoder Market Size and Volume Forecast by Type
9.7.1. Linear Magnetic Encoders
9.7.2. Rotary Magnetic Encoders
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 Mechanical Encoder Demand Share Forecast, 2019-2026
10. Latin America Mechanical 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 Mechanical 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 Mechanical Encoder Market Size and Volume Forecast by Application
10.4.1. Machinery & Equipment
10.4.2. Consumer Electronics
10.4.3. Aerospace & Defense
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 Mechanical Encoder Market Size and Volume Forecast by Type
10.7.1. Linear Magnetic Encoders
10.7.2. Rotary Magnetic Encoders
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 Mechanical Encoder Demand Share Forecast, 2019-2026
11. Europe Mechanical 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 Mechanical 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 Mechanical Encoder Market Size and Volume Forecast by Application
11.4.1. Machinery & Equipment
11.4.2. Consumer Electronics
11.4.3. Aerospace & Defense
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 Mechanical Encoder Market Size and Volume Forecast by Type
11.7.1. Linear Magnetic Encoders
11.7.2. Rotary Magnetic Encoders
11.8. Basis Point Share (BPS) 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 Mechanical Encoder Demand Share, 2019-2026
12. Asia Pacific Mechanical 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 Mechanical 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 Mechanical Encoder Market Size and Volume Forecast by Application
12.4.1. Machinery & Equipment
12.4.2. Consumer Electronics
12.4.3. Aerospace & Defense
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 Mechanical Encoder Market Size and Volume Forecast by Type
12.7.1. Linear Magnetic Encoders
12.7.2. Rotary Magnetic Encoders
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 Mechanical Encoder Demand Share, 2019-2026
13. Middle East & Africa Mechanical 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 Mechanical 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 Mechanical Encoder Market Size and Volume Forecast by Application
13.4.1. Machinery & Equipment
13.4.2. Consumer Electronics
13.4.3. Aerospace & Defense
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 Mechanical Encoder Market Size and Volume Forecast by Type
13.7.1. Linear Magnetic Encoders
13.7.2. Rotary Magnetic Encoders
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 Mechanical Encoder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Encoder Market: Market Share Analysis
14.2. Mechanical Encoder Distributors and Customers
14.3. Mechanical Encoder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Renishaw
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bourns
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dynaper
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BEI Sensors
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Broadcom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Balluff
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Phoenix America
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hohner Automaticos
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KACO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TE Connectivity
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Avago Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AMS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Heidenhain
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Siko
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ALPS
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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