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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
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:
Types
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.
Applications
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:
- Gurley Precision Instruments
- TE Connectivity
- Encoder Products
- Omron
- FRABA
- Renishaw
- Baumer Group
- NEWALL (Schneider Electric)
- BEI Sensors
- Dynapar
Highlights of The Optical 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:
- Incremental Rotary Encoder
- Incremental Linear Encoder
- By Application:
- Machine Tool
- Motion System
- Elevator
- 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 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
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 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TE Connectivity
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Encoder Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Omron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FRABA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Renishaw
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Baumer Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NEWALL (Schneider Electric)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BEI Sensors
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dynapar
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
