Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Optical Incremental Encoder Market by Type (Incremental Rotary Encoder, Incremental Linear Encoder), By Application (Machine Tool, Motion System, Elevator, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Optical Incremental Encoder Market by Type (Incremental Rotary Encoder, Incremental Linear Encoder), By Application (Machine Tool, Motion System, Elevator, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 166404 3300 Machinery & Equipment 377 240 Pages 5 (46)

Market Overview:

The global optical incremental encoder 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 motion control systems in various industries such as machine tool, medical device, semiconductor and others. Additionally, the growing demand for elevator systems across the globe is also propelling the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period.

Global Optical Incremental Encoder Industry Outlook

Product Definition:

An optical incremental encoder is a device that uses light to detect incremental changes in position. This type of encoder is often used in industrial applications where precise measurements are required. The importance of optical incremental encoders lies in their accuracy and precision.

Incremental Rotary Encoder:

Incremental rotary encoder is a device used to measure the position of rotating objects. It consists of an arm, which is rotationally fixed and has a number of teeth on it. A stationary object, usually a disc or drum, is placed between the teeth. As the arm rotates, the number of times it brushes against the stationary object determines its position.

Incremental Linear Encoder:

Incremental linear encoder is a device that can be used to represent the input data in the form of a sequence of pulses, which are generated by an electronic circuit. The number of states in each cycle depends on the type of incremental linear encoder. There are two types namely optical and electrical incremental linear encoders.

Application Insights:

Incremental optical encoders find application in machine tools, motion systems, elevators, and others. The machine tool segment is expected to emerge as the fastest-growing segment over the forecast period owing to its extensive use in various industries including automotive and aerospace. Optical incremental encoder provides faster output signal proportional to the rotational speed which can be used for monitoring and controlling purposes of machines.

Incremental opticalencoder finds wide applications such as CNC machining centers, automated guided vehicles (AGVs), 3D printers among others. AGVs are considered as one of the most innovative products developed recently because they provide high precision along with a large turning radius at low cost which makes it suitable for manufacturing facilities with high volume production rates. AGV manufacturers usually integrate an optical incremental encoder into their product designs since it provides benefits such as improved accuracy while moving or changing directions thereby making them suitable for industrial automation applications where safety & reliability matters more than anything else.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for machine tools, motion systems, and elevators. China is one of the major countries contributing toward regional growth owing to presence of a large number of OEMs manufacturing machines tools and industrial robots.

The Asia Pacific has been witnessing strong economic growth since last few years on account rising disposable income coupled with growing population especially in India & China which are major contributors towards overall GDPs in these nations.

Growth Factors:

  • Increasing demand for automation in various industries
  • Growing adoption of optical incremental encoders in motion control applications
  • Rising demand for high-resolution and precision position feedback systems
  • Proliferation of industrial robotics and machine automation across different industries
  • Technological advancements and innovations in optical incremental encoder technology

Scope Of The Report

Report Attributes

Report Details

Report Title

Optical Incremental Encoder Market Research Report

By Type

Incremental Rotary Encoder, Incremental Linear Encoder

By Application

Machine Tool, Motion System, Elevator, Others

By Companies

Gurley Precision Instruments, TE Connectivity, Encoder Products, Omron, FRABA, Renishaw, Baumer Group, NEWALL (Schneider Electric), BEI Sensors, Dynapar

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 Optical Incremental Encoder Market Report Segments:

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


Incremental Rotary Encoder, Incremental Linear 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, Motion System, Elevator, 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:

  1. Gurley Precision Instruments
  2. TE Connectivity
  3. Encoder Products
  4. Omron
  5. FRABA
  6. Renishaw
  7. Baumer Group
  8. NEWALL (Schneider Electric)
  9. BEI Sensors
  10. Dynapar

Global Optical Incremental Encoder Market Overview

Highlights of The Optical 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. Incremental Rotary Encoder
    2. Incremental Linear Encoder
  1. By Application:

    1. Machine Tool
    2. Motion System
    3. Elevator
    4. Others
  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 Optical 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
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
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Global Optical 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?

An optical incremental encoder is a type of encoder that uses an optical signal to incrementally encode data. This type of encoder is often used in industrial applications, such as machine vision and robotics, because it provides high-speed encoding and decoding capabilities.

Some of the major players in the optical incremental encoder market are Gurley Precision Instruments, TE Connectivity, Encoder Products, Omron, FRABA, Renishaw, Baumer Group, NEWALL (Schneider Electric), BEI Sensors, Dynapar.

The optical 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. Optical 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. Optical 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. Optical Incremental Encoder Market - Supply Chain
   4.5. Global Optical Incremental Encoder Market Forecast
      4.5.1. Optical Incremental Encoder Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Optical Incremental Encoder Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Optical Incremental Encoder Market Absolute $ Opportunity

5. Global Optical 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. Optical Incremental Encoder Market Size and Volume Forecast by Type
      5.3.1. Incremental Rotary Encoder
      5.3.2. Incremental Linear Encoder
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Optical 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. Optical Incremental Encoder Market Size and Volume Forecast by Application
      6.3.1. Machine Tool
      6.3.2. Motion System
      6.3.3. Elevator
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Optical 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. Optical 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 Optical 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. Optical 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 Optical Incremental Encoder Demand Share Forecast, 2019-2026

9. North America Optical 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 Optical 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 Optical Incremental Encoder Market Size and Volume Forecast by Application
      9.4.1. Machine Tool
      9.4.2. Motion System
      9.4.3. Elevator
      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 Incremental Encoder Market Size and Volume Forecast by Type
      9.7.1. Incremental Rotary Encoder
      9.7.2. Incremental Linear 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 Optical Incremental Encoder Demand Share Forecast, 2019-2026

10. Latin America Optical 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 Optical 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 Optical Incremental Encoder Market Size and Volume Forecast by Application
      10.4.1. Machine Tool
      10.4.2. Motion System
      10.4.3. Elevator
      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 Incremental Encoder Market Size and Volume Forecast by Type
      10.7.1. Incremental Rotary Encoder
      10.7.2. Incremental Linear 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 Optical Incremental Encoder Demand Share Forecast, 2019-2026

11. Europe Optical 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 Optical 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 Optical Incremental Encoder Market Size and Volume Forecast by Application
      11.4.1. Machine Tool
      11.4.2. Motion System
      11.4.3. Elevator
      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 Incremental Encoder Market Size and Volume Forecast by Type
      11.7.1. Incremental Rotary Encoder
      11.7.2. Incremental Linear Encoder
   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 Optical Incremental Encoder Demand Share, 2019-2026

12. Asia Pacific Optical 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 Optical 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 Optical Incremental Encoder Market Size and Volume Forecast by Application
      12.4.1. Machine Tool
      12.4.2. Motion System
      12.4.3. Elevator
      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 Incremental Encoder Market Size and Volume Forecast by Type
      12.7.1. Incremental Rotary Encoder
      12.7.2. Incremental Linear 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 Optical Incremental Encoder Demand Share, 2019-2026

13. Middle East & Africa Optical 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 Optical 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 Optical Incremental Encoder Market Size and Volume Forecast by Application
      13.4.1. Machine Tool
      13.4.2. Motion System
      13.4.3. Elevator
      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 Incremental Encoder Market Size and Volume Forecast by Type
      13.7.1. Incremental Rotary Encoder
      13.7.2. Incremental Linear 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 Optical Incremental Encoder Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Optical Incremental Encoder Market: Market Share Analysis
   14.2. Optical Incremental Encoder Distributors and Customers
   14.3. Optical Incremental Encoder Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Gurley Precision Instruments Overview Financials Developments Strategic Outlook
      14.4.2. TE Connectivity Overview Financials Developments Strategic Outlook
      14.4.3. Encoder Products Overview Financials Developments Strategic Outlook
      14.4.4. Omron Overview Financials Developments Strategic Outlook
      14.4.5. FRABA Overview Financials Developments Strategic Outlook
      14.4.6. Renishaw Overview Financials Developments Strategic Outlook
      14.4.7. Baumer Group Overview Financials Developments Strategic Outlook
      14.4.8. NEWALL (Schneider Electric) Overview Financials Developments Strategic Outlook
      14.4.9. BEI Sensors Overview Financials Developments Strategic Outlook
      14.4.10. Dynapar Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 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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