Encoder Market to Exhibit a Remarkable CAGR of 10.5% by 2029, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Encoder Market was valued at USD 2.3 billion in 2021 and is expected to reach USD 5.11 billion by 2029, registering a CAGR of 10.5% during the forecast period of 2022-2029.

Encoders are components that are added to a direct current motor to transform mechanical motion into digital pulses that the integrated control electronics can understand. The primary function of encoders is to convert data from one format to another for purposes of standardisation, speed control, and safety.

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Some of the major players operating in the Encoder market are Dynapar (US), OMRON Corporation (Japan), Baumer (Switzerland), ifm electronic gmbh (Germany), Sensata Technologies, Inc. (US), FAULHABER GROUP (US), Pilz GmbH & Co. KG (Germany), YUEQING YUMO ELECTRIC CO.,LTD (China), Hans Turck GmbH & Co. KG (Germany), Hengstler GmbH (Germany), POSIC (Switzerland), Micronor Sensors (US), Wachendorff Automation GmbH & Co. KG (Germany), Renishaw plc. (UK), HEIDENHAIN (Germany), Celera Motion (US), maxon. (Switzerland), HONTKO CO., LTD. (Taiwan), FRABA B.V. (Netherlands), Pepperl+Fuchs (Germany), and SIKO GmbH (Germany), among others

Global Encoder  Market Scope
The encoder market is segmented on the basis of type, product type, output, size, design and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Rotary
Linear
On the basis of type, the encoder market is segmented into linear and rotary.
Product Type
Non-Contacting
Contacting
On the basis of product type, the encoder market is segmented into contacting and non-contacting.
Output
Digital
Analog
On the basis of output, the encoder market is segmented into analog and digital.
Design
Hollow Shaft Encoders
Solid Shaft Encoders
On the basis of design, the encoder market is segmented into solid shaft encoders and hollow shaft encoders.
Size
31 mm - 70 mm
Less than 30 mm
71 mm - 100 mm
More than 100 mm
On the basis of size, the encoder market is segmented into less than 30 mm, 31 mm - 70 mm, 71 mm - 100 mm and more than 100 mm.
End User
Industrial
Automotive
Aerospace
Medical
Printing
Food and Beverage
Oil and Gas
Consumer Electronics
Textile
Others
On the basis of end user, the encoder market is segmented into industrial, automotive, aerospace, oil and gas, food and beverage, printing, consumer electronics, textile, medical and others.

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