Market Overview:
The global optical shaft 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 machines and equipment, rising adoption of industrial automation, and growing demand for 3D printing technology. Based on type, the incremental shaft encoders segment is expected to account for the largest share of the global optical shaft encoders market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. Based on application, elevator systems are expected to account for the largest share of the global optical shaft encoders market in 2018.
Product Definition:
An optical shaft encoder is a device that uses light to sense the motion of a shaft. It is used to measure the position, speed, and direction of rotation of the shaft. Optical shaft encoders are important for applications such as robotics and machine automation, where accurate position information is needed.
Incremental Shaft Encoders:
Incremental shaft encoders are used to measure the rotation speed of the drive and are incorporated in many industrial applications such as gearboxes, sprockets, reduction gears and others. They work on the principle of pulse-width modulation which varies its pulse length according to the rotational speed. The variation in time between two pulses is directly proportional to revolution speed.
Absolute Shaft Encoders:
Absolute shaft encoders are used to measure the rotation speed of the drive and they can be used in conjunction with any type of absolute position feedback device. They are widely utilized for applications that require high accuracy, such as machine tools, robotics, medical devices and assembly equipment among others. Absolute shaft encoders have a rotating part that is constrained by a stationary part so that there is no movement between them; this allows for accurate measurement of the speed even at high speeds.
Application Insights:
The other application segment includes the NC machine tool, textile machinery, Elevator and others. The Elevator segment is expected to dominate the global optical shaft encoders market over the forecast period owing to its high demand in construction industry for monitoring and controlling movement of machine tools used in building structures.
Increasing demand for automation in manufacturing process is driving manufacturers towards adopting advanced technologies that can help them achieve higher production levels with greater accuracy. Optical shaft encoders are used as a part of safety systems that ensure safe operation of machinery by providing accurate information regarding rotational speed and position of moving parts with respect to each other along the entire length of a machine toolarm or between two points on a horizontal plane through an overhead crane arm. These devices also aid operators in making decisions about operations such as cutting, drilling or feeding based on actual positions thus improving overall plant efficiency across various industries worldwide.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industrial facilities and manufacturing companies. The region is expected to maintain its dominance over the forecast period due to technological advancements, high demand for automation, and increasing adoption of NC machine tools.
The Asia Pacific market is anticipated to grow at a significant rate over the forecast period owing to rapid infrastructure development in emerging economies such as China and India. Furthermore, rising demand for consumer goods along with growing automotive production will drive growth across this region. Increasing use of optical shaft encoders in textile machinery applications is also expected boost regional growth during the forecast period (2018-2030).
Europe accounted for more than 20% share in terms of revenue due to an increase in investments across various sectors including energy & power generation equipment, oil & gas industry etc.
Growth Factors:
- Increasing demand for automation in various industries is driving the growth of the optical shaft encoders market.
- The increasing adoption of industrial robots across different industries is also fueling the growth of this market.
- Growing demand for precision and accuracy in measurement and control systems is propelling the growth of this market.
- Rising trend of miniaturization in various industrial applications is boosting the demand for optical shaft encoders globally.
- Technological advancements in optical shaft encoder technology are providing new opportunities for players operating in this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Shaft Encoders Market Research Report
By Type
Incremental Shaft Encoders, Absolute Shaft Encoders
By Application
Elevator, NC Machine Tool, Textile Machinery, Others
By Companies
OMRON, Autonics, Encoder Product, Pepperl+Fuchs, Renishaw, Heidenhain, Baumer Group, Koyo Electronics, FRABA Group, Tokyo Sokuteikizai, Nemicon, CTS, CUI, TR Electronic, Avago Technologies (AVGO), Balluff, HONTKO, Elma Group, Kubler, BEI Sensors, Grayhill
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Optical Shaft Encoders Market Report Segments:
The global Optical Shaft Encoders market is segmented on the basis of:
Types
Incremental Shaft Encoders, Absolute Shaft 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
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:
- OMRON
- Autonics
- Encoder Product
- Pepperl+Fuchs
- Renishaw
- Heidenhain
- Baumer Group
- Koyo Electronics
- FRABA Group
- Tokyo Sokuteikizai
- Nemicon
- CTS
- CUI
- TR Electronic
- Avago Technologies (AVGO)
- Balluff
- HONTKO
- Elma Group
- Kubler
- BEI Sensors
- Grayhill
Highlights of The Optical Shaft 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:
- Incremental Shaft Encoders
- Absolute Shaft Encoders
- 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 Shaft 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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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 shaft encoder is a type of sensor that uses light to measure the position of an object. Optical shaft encoders are often used in industrial applications, such as manufacturing and assembly lines, to track the movement of parts or tools.
Some of the key players operating in the optical shaft encoders market are OMRON, Autonics, Encoder Product, Pepperl+Fuchs, Renishaw, Heidenhain, Baumer Group, Koyo Electronics, FRABA Group, Tokyo Sokuteikizai, Nemicon, CTS, CUI, TR Electronic, Avago Technologies (AVGO), Balluff, HONTKO, Elma Group, Kubler, BEI Sensors, Grayhill.
The optical shaft encoders market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optical Shaft 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 Shaft 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 Shaft Encoders Market - Supply Chain
4.5. Global Optical Shaft Encoders Market Forecast
4.5.1. Optical Shaft Encoders Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Optical Shaft Encoders Market Size (000 Units) and Y-o-Y Growth
4.5.3. Optical Shaft Encoders Market Absolute $ Opportunity
5. Global Optical Shaft 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 Shaft Encoders Market Size and Volume Forecast by Type
5.3.1. Incremental Shaft Encoders
5.3.2. Absolute Shaft Encoders
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Optical Shaft 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 Shaft 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 Shaft 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 Shaft 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 Shaft 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 Shaft 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 Shaft Encoders Demand Share Forecast, 2019-2026
9. North America Optical Shaft 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 Shaft 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 Shaft 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 Shaft Encoders Market Size and Volume Forecast by Type
9.7.1. Incremental Shaft Encoders
9.7.2. Absolute Shaft 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 Optical Shaft Encoders Demand Share Forecast, 2019-2026
10. Latin America Optical Shaft 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 Shaft 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 Shaft 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 Shaft Encoders Market Size and Volume Forecast by Type
10.7.1. Incremental Shaft Encoders
10.7.2. Absolute Shaft 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 Optical Shaft Encoders Demand Share Forecast, 2019-2026
11. Europe Optical Shaft 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 Shaft 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 Shaft 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 Shaft Encoders Market Size and Volume Forecast by Type
11.7.1. Incremental Shaft Encoders
11.7.2. Absolute Shaft Encoders
11.8. Basis Point Share (BPS) Aalysis 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 Shaft Encoders Demand Share, 2019-2026
12. Asia Pacific Optical Shaft 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 Shaft 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 Shaft 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 Shaft Encoders Market Size and Volume Forecast by Type
12.7.1. Incremental Shaft Encoders
12.7.2. Absolute Shaft 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 Optical Shaft Encoders Demand Share, 2019-2026
13. Middle East & Africa Optical Shaft 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 Shaft 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 Shaft 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 Shaft Encoders Market Size and Volume Forecast by Type
13.7.1. Incremental Shaft Encoders
13.7.2. Absolute Shaft 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 Optical Shaft Encoders Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Optical Shaft Encoders Market: Market Share Analysis
14.2. Optical Shaft Encoders Distributors and Customers
14.3. Optical Shaft Encoders Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OMRON
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Autonics
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 Product
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pepperl+Fuchs
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Renishaw
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Heidenhain
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. Koyo Electronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FRABA Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tokyo Sokuteikizai
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nemicon
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CTS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CUI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TR Electronic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Avago Technologies (AVGO)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Balluff
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. HONTKO
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Elma Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Kubler
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. BEI Sensors
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
