The encoder sends a feedback or the output signal that can be utilized to determine the position, speed, direction and the count. A control device can utilize the data or the information to send a command for a particular function. For instance, a cut to length application, observatory, large crane and many more.
Statistics:
The global encoder market is estimated to account for US$ 2,653.43 Mn in terms of value by the end of 2022.
Drivers:
The automotive industry is experiencing the production issues owing to the shortage of the semiconductor chips. Anyhow, the need for the high end cars have witnessed in upward trend only which is boosting the manufacturers or the producers to keep on investing in the high end cars.
Opportunities:
Encoders with the industrial Ethernet interfaces are anticipated to get significant adhesion. In the European surrounding and the atmosphere the profinet interface is anticipated to occupy the top spot, while in the Asian or the American area it is instead Ethernet or the IP or the Modbus.
Recent Development:
In APRIL 2021, POSITAL declared that its IXARC high precision magnetic absolute rotary encoders are accessible with a BiSS-C interface. The encoders with this interface are very suitable for the commutation and the position feedback on the BLDC serve motors and are also an exceptional fit for the motion control application.
To know the latest trends and insights prevalent in the Global Encoder Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/encoder-market-5218
Restraint:
The core of many optical encoders is a thin glass disk which can be broken by the excessive or the severe shock or misaligned by shock or the severe vibration. The encoders traditionally have been very complex electronic devices that comprise of integrated circuits and the LEDs and photo detectors.
Global Encoder Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak has led to the speeding up of the adoption of the industry 4.0 the leading enterprises over the industries in a much sophisticated state of the internet of things technology and the workflow. The pandemic impacted every producer in some or the other way and for many it intended to be a potential threat.
Key Takeaways:
The global encoder market was valued at US$ 2,479.11 Mn in 2021 and is forecast to reach a value of US$ 5,025.36 Mn by 2030 at a CARG of 8.3% between 2022 and 2030.
Type Segment held the dominant position in the global encoder market in 2022, accounting for 35% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.
Key Trends:
Trend 1
The R&D of the new medications for the diagnosis and the therapy are anticipated to offer a very important role in the future. As the encoders develop in the size variety and the accuracy capability and they are projected to expedite testing further and make much advanced machinery and wearable devices that is possible.
Trend 2
The programmable exoskeletons are anticipated to get notable adhesion to help the lower extremity weakness and even aid those who are suffering from paralysis and stand and walk again. Already, HEIDENHAIN’S line of the RENCO rotary encoders are being utilized in the exoskeletons.
Competitive Landscape:
Major players in the global encoder market are Omron Corporation, Baumer Group, Honeywell International, FAULHABER Drive Systems, Pepperl+Fuchs International, Renishaw Plc., Maxon Motor AG, Sensata Technologies, Dynapar Corporation (Fortive Corporation), Schneider Electric, Dr. Johannes Heidenhain GmbH, Panasonic Corporation, Hengstler GMBH (Fortive Corporation), POSITAL FRABA Inc. (FRABA BV) and Rockwell Automation Inc.
