An encoder is a sensor of mechanical motion that interprets information and converts it into a code while possessing the capacity to convert that code back to its source. 
 A linear encoder responds to a path movement while a rotary encoder responds to movement. The optimum model selection and configuration is critical to success when implementing encoders. 

Encoders help industry to find the exact location of any object and the angle of placement for certain pieces of equipment to get the desired results. The encoders provide accuracy in workflow, speed in operation, and proper process control. It also supports the performance of high feeding tasks in manufacturing industries and the manufacture of machine tools that meet the demand for high productivity

COVID-19 scenario analysis of encoder market:

COVID-19 has severely impacted the global economy and all the industries throughout the globe. The imposition of lockdowns and the temporary shutdown of domestic and international travel resulted in disruptions in the supply chain across the globe. The economies across the world have declined as there is a major decline in the demand for products. Production across industries has been limited due to the pandemic, resulting in shortage of raw material. It has forced many businesses to shut down their manufacturing plants. The decline in exports and disruptions in the supply chain are the major factors contributing to the decline in production. The encoder market is thus getting affected by COVID-19. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis 

The need for automation by manufacturers across industries has been the key demand driver for encoders since they are used in automation to provide precise speed and direction to ensure that whatever the motor is driving runs safely and smoothly. Accurate motor speed tracking ensures optimum machine performance and operation and is designed to prevent motor burnout or machine shutdown. Thus, in automation, encoders help improve the overall equipment effectiveness (OEE) by monitoring the energy and working conditions of machines. 24/7 connectivity to production lines is also an important requirement across the food & beverage, pharmaceutical, automotive, and chemical industries. With mid-sized and large manufacturing plants implementing automation solutions, encoders are being adopted on a large scale for better utilization of assets, controlling the quality of end products, and minimization of errors.

Artificial intelligence is used to create machines that perform tasks more efficiently than humans, allowing them to work in stressful environments 24 hours a day. As machines become increasingly capable, enterprises are using artificial intelligence in mobile robotics, unmanned aerial drones, virtual assistants, digital twin, speech and image recognition, and machine learning. Further, encoders are used to control and commutate the rotor’s displacement at any time by consuming less energy. As mobility is driving the need for battery-powered operations, energy-efficient encoders will gain importance in future mobile robotics. Thus, the usage of rotary encoders is enhancing mobile robotics with the use of capacitive technology. Moreover, they can also help makers of many different applications meet new efficiency regulations, thus making their application easy in mobile robotics.

The functional safety of an encoder requires SIL (safety integrity level) certification. However, the choice of the certification varies from region to region, depending on the rules and regulations followed in a particular region. The rules and standards that impact the development of encoders are also constantly evolving. Engineers designing encoders need to stay up to date with these changes, which are often complicated by location and governments. Depending on the application, encoders often need to be certified for hazardous area use or in situations where an explosion is not a risk, they need to be specified and tested for operation. European functional safety standards are most widely accepted except in countries such as China, the U.S., Canada, and Russia, which have their standards for encoders. Such variations in regulations are expected to act as a restraint for the industry players as they cannot offer the same product in different regions, which affects their overall capacity.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the encoder market share.
• The current market is quantitatively analyzed from 2021 to 2030 to highlight the encoder market growth scenario. 
• The report provides a detailed encoder market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the encoder market research report:

• Which are the leading market players active in the encoder market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the encoder market in the next few years?
• What are the driving factors, restraints, and opportunities in the encoder market?
• What are the projections for the future that would help in taking further strategic steps?