What is Industrial Encoder Market?
Industrial end-use is growing rapidly due to upcoming technologies such as robotics, automation, and smart manufacturing. this will help to boost global industrial encoder market in the forecasted period. Industrial encoders are a commonplace technology in the industrial sector. Encoders are used in a variety of ways, but always to detect the speed and direction of motion in one form or another. Encoders can be used in linear measurement, registration mark timing, web tensioning, backstop gauging, conveying, filling and more. But by far the most common application is providing feedback in motion control of electric motors. In the industrial sector, nearly half of all electricity goes to power electric motors. The majority of these motors have encoders of some sort. There are many other ways in which encoders are used, but their most common and possibly most valuable use is the motion control of motors. Encoders come in many shapes and sizes, but always detect the speed and direction of motion in one way or another. As a result, the demand for encoders is increasing in industrial end users to determine motion position, control of joint position, measurement of linear extension, gripper and finger feedback, and force feedback. Industrial holds the largest share in APAC due to the availability of advanced manufacturing processes in countries such as China and Japan.
The market study is being classified by Type (Rotary Encoders and Linear Encoders), by Application (Automotive Industry, Electronic Equipment Industry and Other) and major geographies with country level break-up.
HEIDENHAIN Gmbh (Germany), POSITAL FRABA inc (Germany), Sensata Technologies (United States), Dynapar Corporation (United States), Baumer Group (Switzerland), BEI Sensors (United States), OMRON (Japan), Rockwell Automation (United States), FAULHABER (Germany) and Hengstler (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ifm (Germany), maxon motor (Switzerland), Pepperl+Fuchs (Germany), Pilz (India), Renishaw (United Kingdom), SIKO (Germany) and TURCK (Germany).
The global industrial encoder market can be characterized due to the presence of both regional as well as global manufacturers. The various existing regional market players in the market are providing high-quality industrial encoders to the end-users. This increases competition among the regional and globally-established market players. Due to the intense competition, the key players are now concentrating on addressing the specific needs of the end-users by manufacturing customized encoders. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Industrial Encoder market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Industrial Encoder market by Type, Application and Region.
On the basis of geography, the market of Industrial Encoder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Need for Precision and Control in Industries
- Rising Demand for Optical Encoders
Market Trend
- High Adoption in Advanced Automotive Systems
- Growing Number of Automated Vehicles
Restraints
- Concern Associated with Changing International Regulation
- Issues Regarding Accuracy
Opportunities
- Increasing Demand for Artificial Intelligence-Based Systems
- Upcoming Technology in Industrial Segment
Challenges
- Increasing Concern Regarding Mechanical Failure in Harsh Environments
Market Leaders and some development strategies
On 29th January 2019, HEIDENHAIN Gmbh has introduced new LC 201 absolute linear scale to specifically meet those drive position feedback needs. This new scale is a single-section METALLUR tape encoder which is ideal for use in linear motor applications that may be required to reach high acceleration levels within the linear drive systems.
Key Target Audience
Industrial Encoder Manufactures, Industrial Encoder Suppliers, Industrial Encoder Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others