Global Optical Encoder Market Research Report 2021

An optical encoder is an electromechanical device with mechanical input and electrical output. It provides multiple digital signals proportional to angular displacement of the input shaft. Optical encoders are commonly used in motion control systems to control and monitor speed, position, count and direction of components and machinery and equipment where it is installed. Optical encoder operation has no effect on the magnetic field and can be used in both stable, and unstable environments.
According to our research and analysis, manufacturers from North America and Europe are the major leaders in the international market of optical encoders. North America is the largest production and consumption region. In 2017, the North America production of optical encoders is 4325 K Units and consumption is about 4060 K Units, accounting for about 37.87% of global consumption. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. Owning to lower production costs, many optical encoders giants have set up factories in China.

Market Analysis and Insights: Global Optical Encoder Market
The global Optical Encoder market was valued at US$ 1332.6 million in 2019 and it is expected to reach US$ 1554.6 million by the end of 2026, growing at a CAGR of 2.2% during 2021-2026.

Global Optical Encoder Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Optical Encoder Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Incremental Encoders
Absolute Encoders

Segment by Application
Healthcare
Machine tool
Consumer Electronics
Assembly equipment
Other

By Company
Broadcom
BEI Sensors
Renishaw
Hengstler
Dynapar
Baumer Group
Tokyo Sokuteikizai
CTS
Allied Motion
EPC
US Digital
CUI
Omron
Heidenhain
Bourns
Grayhill
Gurley
Honeywell
Honest Sensor Corporation
HONTKO
Yuheng Optics

Production by Region
North America
Europe
China
Japan
South Korea

Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE