Market Overview:
The global optical absolute encoders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision and accuracy in measurement across various industries, such as automotive, aerospace & defense, and industrial machinery. In addition, the growing trend of Industry 4.0 is also contributing significantly to the growth of this market. Based on type, the global optical absolute encoders market can be segmented into axial type and shaft type encoders. The axial type segment is expected to account for a larger share of the global optical absolute encoders market than the shaft type segment during the forecast period from 2018 to 2030. This can be attributed to its high accuracy and precision levels as compared with other types of optical absolute encoders available in the market. Based on application,the global optical absolute encodermarket can be divided into elevator applications, NC machine tool applications, textile machinery applications,,and others (including medical equipment).
Product Definition:
An optical absolute encoder is a device that uses light to encode position or motion information. It is important because it can provide very accurate position feedback, which is necessary for many precision applications.
Axial Type:
Axial type is a method of aligning the output of an optical absolute encoder with the X, Y and Z axes. It uses a single optic to provide X, Y and Z rotationally-mounted outputs. Axial type can be used in applications where it is required to measure or control position along with rotation or where it is required to measure only position without any rotational component.
Shaft Type:
Shaft type is one of the important parameters to be considered while selecting optical absolute encoders. It has been observed that there are certain trends associated with shaft selection which in turn influence the performance and operational life of an OAE. The major factors influencing these trends include material, application, and environment.
Application Insights:
The other application segment includes food machinery, medical equipment, textile machinery and NC machine tools. The global demand for optical absolute encoders in the textile machinery sector is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the high product accuracy required in this industry. In addition, growing demand for these products from NC machine tool applications is also expected to drive growth over the forecast period.
Elevator was estimated as the largest application segment with a share of 33% in 2017 and is projected to grow at a CAGR of XX% over the forecast period due its criticality towards movement errors.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of OEMs and end-users. The region is expected to maintain its dominance over the forecast period due to increasing investments in automation and technological advancements. Asia Pacific is projected to grow at a lucrative rate over the forecast period, which can be attributed to increasing government initiatives for industrial modernization, rising disposable income levels, and expanding manufacturing sector across economies such as China & India. Moreover, favorable government policies are anticipated to boost regional growth further. For instance; ‘Make in India’ initiative undertaken by Indian Government aims at promoting manufacturing output by attracting foreign investment through Foreign Direct Investment (FDI).
Growth Factors:
- Increasing demand for high-precision and accurate position measurement in industrial automation applications is expected to drive the growth of the optical absolute encoders market.
- Growing popularity of machine vision and robotics in various end-use industries is also anticipated to fuel the demand for optical absolute encoders over the forecast period.
- Rising investments by OEMs for development of advanced manufacturing processes is projected to create new opportunities for optical absolute encoder manufacturers.
- The increasing trend of miniaturization in electronics devices is also expected to boost the adoption of optical absolute encoders across different application segments over the next few years.
- Technological advancements such as introduction of fiber optic technology and development of intelligent sensors are likely to open new avenues for growth in the global Optical Absolute Encoders market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Absolute Encoders Market Research Report
By Type
Axial Type, Shaft Type
By Application
Elevator, NC Machine Tool, Textile Machinery, Others
By Companies
HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Optical Absolute Encoders Market Report Segments:
The global Optical Absolute Encoders market is segmented on the basis of:
Types
Axial Type, Shaft Type
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
Elevator, NC Machine Tool, Textile Machinery, Others
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:
- HENGSTLER
- Baumer Group
- Pepperl+Fuchs
- RENISHAW
- Ifm Electronic
- SIKO
- ASM Sensor
- BALLUFF
Highlights of The Optical Absolute Encoders 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:
- Axial Type
- Shaft Type
- By Application:
- Elevator
- NC Machine Tool
- Textile Machinery
- Others
- 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 Optical Absolute Encoders 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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- Consumer Insights
- 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?
An optical absolute encoder is a type of encoder that uses an optical signal to measure the position of a movable part. The encoder typically consists of a light source, an image sensor, and a controller that converts the image data into digital form. The controller can then use this information to calculate the position of the part over time.
Some of the major companies in the optical absolute encoders market are HENGSTLER, Baumer Group, Pepperl+Fuchs, RENISHAW, Ifm Electronic, SIKO, ASM Sensor, BALLUFF.
The optical absolute encoders market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Absolute Encoders 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. Optical Absolute Encoders Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Optical Absolute Encoders Market - Supply Chain
4.5. Global Optical Absolute Encoders Market Forecast
4.5.1. Optical Absolute Encoders Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Absolute Encoders Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Absolute Encoders Market Absolute $ Opportunity
5. Global Optical Absolute Encoders 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. Optical Absolute Encoders Market Size and Volume Forecast by Type
5.3.1. Axial Type
5.3.2. Shaft Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Absolute Encoders 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. Optical Absolute Encoders Market Size and Volume Forecast by Application
6.3.1. Elevator
6.3.2. NC Machine Tool
6.3.3. Textile Machinery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Optical Absolute Encoders 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. Optical Absolute Encoders 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 Optical Absolute Encoders 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. Optical Absolute Encoders 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 Optical Absolute Encoders Demand Share Forecast, 2019-2026
9. North America Optical Absolute Encoders 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 Optical Absolute Encoders 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 Optical Absolute Encoders Market Size and Volume Forecast by Application
9.4.1. Elevator
9.4.2. NC Machine Tool
9.4.3. Textile Machinery
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Optical Absolute Encoders Market Size and Volume Forecast by Type
9.7.1. Axial Type
9.7.2. Shaft Type
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 Optical Absolute Encoders Demand Share Forecast, 2019-2026
10. Latin America Optical Absolute Encoders 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 Optical Absolute Encoders 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 Optical Absolute Encoders Market Size and Volume Forecast by Application
10.4.1. Elevator
10.4.2. NC Machine Tool
10.4.3. Textile Machinery
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Optical Absolute Encoders Market Size and Volume Forecast by Type
10.7.1. Axial Type
10.7.2. Shaft Type
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 Optical Absolute Encoders Demand Share Forecast, 2019-2026
11. Europe Optical Absolute Encoders 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 Optical Absolute Encoders 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 Optical Absolute Encoders Market Size and Volume Forecast by Application
11.4.1. Elevator
11.4.2. NC Machine Tool
11.4.3. Textile Machinery
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Optical Absolute Encoders Market Size and Volume Forecast by Type
11.7.1. Axial Type
11.7.2. Shaft Type
11.8. Basis Point Share (BPS) nalysis 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 Optical Absolute Encoders Demand Share, 2019-2026
12. Asia Pacific Optical Absolute Encoders 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 Optical Absolute Encoders 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 Optical Absolute Encoders Market Size and Volume Forecast by Application
12.4.1. Elevator
12.4.2. NC Machine Tool
12.4.3. Textile Machinery
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Optical Absolute Encoders Market Size and Volume Forecast by Type
12.7.1. Axial Type
12.7.2. Shaft Type
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 Optical Absolute Encoders Demand Share, 2019-2026
13. Middle East & Africa Optical Absolute Encoders 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 Optical Absolute Encoders 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 Optical Absolute Encoders Market Size and Volume Forecast by Application
13.4.1. Elevator
13.4.2. NC Machine Tool
13.4.3. Textile Machinery
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Optical Absolute Encoders Market Size and Volume Forecast by Type
13.7.1. Axial Type
13.7.2. Shaft Type
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 Optical Absolute Encoders Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Optical Absolute Encoders Market: Market Share Analysis
14.2. Optical Absolute Encoders Distributors and Customers
14.3. Optical Absolute Encoders Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HENGSTLER
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baumer Group
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. RENISHAW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ifm Electronic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SIKO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ASM Sensor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BALLUFF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
