Report Code: A09877 | Pages: NA | Mar 2023 | 2519 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Optical Encoder Market
Request Now !An optical encoder is an electromechanical device with mechanical input and electrical output. Corresponding to the angular displacement of the input shaft, it gives various digital signals. It is mostly used to control and monitor motion parameters such as direction, position, distance, speed and rate. Thus, it finds its application in communication systems, assembly & robotics equipment, healthcare equipment, metalworking equipment, test & measurement equipment and other end uses such as consumer electronics, manufacturing, automobile, IT & telecommunication, space & aviation, healthcare, and others. Innovations in the electronic systems industry paves the way for better and improved optical encoder market.
The global Optical Encoder Market is segmented on the basis of Configuration, Output signal format, Application, End User, and Region. Based on Configuration, the Optical Encoder Market is divided into Incremental, Absolute Single Turn, Multi Turn, Shafted, and Hollow Shafted, and others. On the basis of Output signal format, the market is categorized into Analog and Digital, and others. On the basis of Application into Communication Systems, Assembly & Robotics Equipment, Healthcare Equipment, Metalworking Equipment, Test & Measurement Equipment, and Others On the basis of End Users into Consumer Electronics, Manufacturing, Automobile, IT & Telecommunication, Space & Aviation, Healthcare, and Others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global optical encoder industry include GrayHill Inc., Sensata technologies India Pvt. Ltd., Rockwell Automation, Renishaw, Honeywell, Allied Motion Technologies, Dynapar, Codechamp SA, US Digital, Bourns Inc., and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.Â
COVID-19 Scenario Analysis:Â
The major drivers for the growth of the market are increase in requirement for upgraded automation, surge in adoption of cutting edge motion control systems, and rise in interests for high quality in surface mount technology (SMT) placement forms. But, complex construction of encoders and delicate parts involved in optical encoders may hinder the market growth. Moreover, rise in demand from medical diagnostics, robotics, elevators, and machine controls are expected to further boost the market growth.
The launch of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. New generation position encoders for harsh environments were launched by Renishaw recently. They are essential components in motion control systems. These are high performance position optical encoders which have increased features without increased robustness. They can be installed on OEM systems, have high tolerances to environmental contamination and are available at lower cost and thus this encoder flourished the optical encoder market growth.
The surgeon moves the master manipulator with encoders and servos to command the robot arm performing surgery. High resolution rotary optical encoders are thus preferred for the velocity and position sensing in better controlling and detecting fine movements in the joints. These encoders ensure higher accuracy, precision, large through diameters on the rotary scale, durability and safety of operation. Thus, for safe and effective control of robotic systems, encoder feedbacks are extremely important. Moreover, due to the advancements in robotic surgery and evolving encoders, there is surge in the usage of optical encoders in the healthcare industry.
Key segments covered:
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Key benefits of the report:
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value (USD) |
 Segments covered | Configuration, Output signal format, Application, End User, and Region |
  Regions covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | GrayHill Inc., Sensata technologies India Pvt. Ltd., Rockwell Automation, Renishaw, Honeywell, Allied Motion Technologies, Dynapar, Codechamp SA, US Digital, Bourns Inc., and Others |
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Questions answered in the Optical Encoder Market research report:
Optical Encoder Market Report Highlights
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Key Market Players | Company1, Company2, Company3, Company4, Company5, Company6, Company7, Company8, Company9, Company10 |
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