Encoders Market to 2027 - COVID-19 Impact and Global Analysis and Forecasts by Type (Linear Encoder, Rotatory Encoder); Technology (Optical, Magnetic, Others); End User (Aerospace, Automotive, Food and Beverages, Printing, Consumer Electronics, Medical, Others)
The encoders market was valued at US$ 1,748.4 million in 2020 and is expected to grow at a CAGR of 10.2% from 2020 to 2027 to reach US$ 3,447.7 million by 2027.
Industrial robots are widely used for manufacturing processes across the globe. With the adoption of robots, the cost of labor can be reduced to a great extent in various countries, such as the US and China. Developments in computing power and networking technologies have made installing and maintaining robots cost-efficient and faster. Such factors and their impact on the growth of the robotics industry are expected to continue. As per IFR, from 2020 to 2022, ~2 million units of industrial robots are anticipated to be installed in factories across the globe. APAC is the largest industrial robot market. In 2018, APAC grew by 1% in terms of robot installations, and Europe increased by 14%. The top industrial robotics markets in 2018 were South Korea, Japan, China, Germany, and the US. As leading companies in this market continue to broaden its addressable market by expanding their current offerings and diversifying their client base, all the prominent players face an increasing level of competition, both from start-ups and leading established companies across the globe. Several companies in the value chain are developing new products and acquiring other players in the market to maintain their position in the market and provide efficient services to their customers. Major providers of encoders are based in Europe and North America. However, the encoders market is penetrating at a high growth rate in APAC.
The COVID-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the world's technology supply chain. The COVID-19 crisis is leading toward the uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the population. The overall effect of the pandemic is impacting the production process of several industries, such as consumer electronics, automotive, food & beverages, and many more. As governments of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall encoder market globally.
Various companies in Europe and North America focus on R&D initiatives and rising investments are further complementing the growth of the global encoder market. A few key encoder material and technology providers include Gurley Precision Instruments Inc., FSI Technologies Inc., FRABA B.V., Baumer Group, and Dynapar Corporation.
Lucrative Regions for Encoder Market
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Market Insights
Growing Industrial Automation Across Industries
Industrial automation is implemented in several industries, such as automotive, aerospace, food & beverages, healthcare, and electronics. Industrial automation observes a high growth rate due to the requirement for enhanced productivity, speed, and efficiency in manufacturing procedures. Encoders are crucial devices of high volume, high-speed industrial automation applications. Encoders convert motion into electrical feedback signals read by a control device in order to measure changes in speed, position, direction, count, and linear distance. Encoders are suitable for accurate position determination in industrial automation. In several countries, the automation of vehicles is increasing swiftly. With the advent of advanced technology, various automakers are anticipated to invest heavily in autonomous car technology. The encoder is attached to a wheel in order to measure rotation. By measuring rotation, it determines velocity and acceleration. Thus, in automotive automation, encoders play a crucial role and are progressively used in car manufacturing by automakers across the world. This factor accelerates revenue in the global encoder market.
Type Insights
In the type segment, rotary encoder captured a larger share of the global encoder market. The growing demand for electronic position sensing devices across various industries is mainly driving the growth of rotary encoders. Rising demand for rotary encoders in the automotive industry and increasing trend of industrial automation are among the factors anticipated to drive the growth of the market for rotary encoders during the forecast period.
Global Encoders Market Breakdown, by Type - 2019 and 2027
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Note: The inner circle in the above figure represents the market share of type segment in 2019, and the outer circle represents the market share of the type segment in 2027.
Technology Insights
The encoders market, by technology, is sub segmented into magnetic, optical, and others. The magnetic technology segment captured a dominating share in the global encoder market.
End User Insights
The encoders market, by end user, is further segmented into aerospace, automotive, food & beverages, printing, consumer electronics, medical, and others. The consumer electronics segment captured a dominating share of the global encoder market.
Strategic Insights
Product development strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in Europe. A few recent developments are listed below:
2020: FRABA’s subsidiary POSITAL has extended its product portfolio of rotary encoders and inclinometers in order to include more devices with IP69K level environmental protection. They are available with a comprehensive range of mechanical options and communications interfaces.
2019: Renishaw Plc launched a new encoder, ATOM DX encoder, designed on Renishaw's ATOM miniature encoder series and integrated with an innovative interpolation technology originally developed for the VIONiC and QUANTiC encoder families.
Encoders Market – by Type
- Linear Encoder
- Incremental
- Absolute
- Rotary Encoder
- Incremental
- Absolute
Encoders Market – by Technology
- Optical
- Magnetic
- Others
Encoders Market – by End User
- Aerospace
- Automotive
- Food and Beverage
- Printing
- Consumer Electronics
- Medical
- Others
Encoders Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- Delta Electronics, Inc.
- Dahua Technology CO., Ltd
- Omron Corporation
- ELCO Holding
- FRABA B.V.
- FSI Technologies Inc.
- Renishaw Plc.
- Rockwell Automation, Inc.
- Scancon Encoders A/S
- Servotechnik GmbH
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Encoder Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Asia-Pacific - PEST Analysis
4.2.3 Europe - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South America- PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Encoder Market -Market Dynamics
5.1 Market Drivers
5.1.1 Growing Industrial Automation Across Industries
5.1.2 Increased used of Industrial Robotics in Manufacturing Process
5.2 Market Restraints
5.2.1 Concerns Regarding Accuracy
5.3 Market Opportunities
5.3.1 Growing Demand for IoT
5.4 Future Trend
5.4.1 Miniaturization of Encoders
5.5 Impact Analysis of Drivers and Restraints
6. Encoder Market - Global Market Analysis
6.1 Encoder Market Overview
6.2 Encoder Market -Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Key Players
7. Encoder Market Analysis - By Type
7.1 Overview
7.2 Encoder Market Breakdown, by Type, 2019 & 2027
7.3 Linear Encoder
7.3.1 Overview
7.3.2 Linear Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.3.3 Incremental
7.3.3.1 Overview
7.3.3.2 Incremental: Encoder Linear Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.3.4 Absolute
7.3.4.1 Overview
7.3.4.2 Absolute: Encoder Linear Encoder Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Rotary Encoder
7.4.1 Overview
7.4.2 Rotary Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.4.3 Incremental
7.4.3.1 Overview
7.4.3.2 Incremental: Encoder Rotary Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.4.4 Absolute
7.4.4.1 Overview
7.4.4.2 Absolute: Encoder Rotary Encoder Market - Revenue and Forecast to 2027 (US$ Million)
8. Encoder Market Analysis - By Technology
8.1 Overview
8.2 Encoder Market Breakdown, by Technology, 2019 & 2027
8.3 Magnetic
8.3.1 Overview
8.3.2 Magnetic Market Revenue and Forecast to 2027 (US$ Million)
8.4 Optical
8.4.1 Overview
8.4.2 Optical Market Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecast to 2027 (US$ Million)
9. Encoder Market Analysis - By End User
9.1 Overview
9.2 Encoder Market Breakdown, by End User, 2019 & 2027
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace Market Revenue and Forecast to 2027 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive Market Revenue and Forecast to 2027 (US$ Million)
9.5 Food and Beverages
9.5.1 Overview
9.5.2 Food and Beverages Market Revenue and Forecast to 2027 (US$ Million)
9.6 Medical
9.6.1 Overview
9.6.2 Medical Market Revenue and Forecast to 2027 (US$ Million)
9.7 Consumer Electronics
9.7.1 Overview
9.7.2 Consumer Electronics Market Revenue and Forecast to 2027 (US$ Million)
9.8 Printing
9.8.1 Overview
9.8.2 Printing Market Revenue and Forecast to 2027 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others Market Revenue and Forecast to 2027 (US$ Million)
10. Encoders Market - Geographic Analysis
10.1 Overview
10.2 North America: Encoders Market
10.2.1 North America: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Encoders Market, by Type
10.2.2.1 North America: Network Security Firewall Market, by Linear Encoder
10.2.2.2 North America: Network Security Firewall Market, by Rotary Encoder
10.2.3 North America: Encoders Market, by Technology
10.2.4 North America: Encoders Market, by End-User
10.2.5 North America: Encoders Market, by Key Country
10.2.5.1 US: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Encoders Market, by Type
10.2.5.1.1.1 US: Encoders Market, by Linear Encoder
10.2.5.1.1.2 US: Encoders Market, by Rotary Encoder
10.2.5.1.2 US: Encoders Market, by Technology
10.2.5.1.3 US: Encoders Market, by End-User
10.2.5.2 Canada: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Encoders Market, by Type
10.2.5.2.1.1 Canada: Encoders Market, by Linear Encoder
10.2.5.2.1.2 Canada: Encoders Market, by Rotary Encoder
10.2.5.2.2 Canada: Encoders Market, by Technology
10.2.5.2.3 Canada: Encoders Market, by End-User
10.2.5.3 Mexico: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Encoders Market, by Type
10.2.5.3.1.1 Mexico: Encoders Market, by Linear Encoder
10.2.5.3.1.2 Mexico: Encoders Market, by Rotary Encoder
10.2.5.3.2 Mexico: Encoders Market, by Technology
10.2.5.3.3 Mexico: Encoders Market, by End-User
10.3 Europe: Encoder Market
10.3.1 Europe: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Encoder Market, By Type
10.3.2.1 Europe: Encoder Market, By Linear Encoder
10.3.2.2 Europe: Encoder Market, By Rotary Encoder
10.3.3 Europe: Encoder Market, By Technology
10.3.4 Europe: Encoder Market, By End-User
10.3.5 Europe: Encoder Market, By Country
10.3.5.1 Germany: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Encoder Market, by Type
10.3.5.1.1.1 Germany: Encoder Market, by Linear Encoder
10.3.5.1.1.2 Germany: Encoder Market, by Rotary Encoder
10.3.5.1.2 Germany: Encoder Market, by Technology
10.3.5.1.3 Germany: Encoder Market, by End-User
10.3.5.2 France: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Encoder Market, by Type
10.3.5.2.1.1 France: Encoder Market, by Linear Encoder
10.3.5.2.1.2 France: Encoder Market, by Rotary Encoder
10.3.5.2.2 France: Encoder Market, by Technology
10.3.5.2.3 France: Encoder Market, by End-User
10.3.5.3 Italy: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Encoder Market, by Type
10.3.5.3.1.1 Italy: Encoder Market, by Linear Encoder
10.3.5.3.1.2 Italy: Encoder Market, by Rotary Encoder
10.3.5.3.2 Italy: Encoder Market, by Technology
10.3.5.3.3 Italy: Encoder Market, by End-User
10.3.5.4 UK: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Encoder Market, by Type
10.3.5.4.1.1 UK Encoder Market, by Linear Encoder
10.3.5.4.1.2 UK: Encoder Market, by Rotary Encoder
10.3.5.4.2 UK: Encoder Market, by Technology
10.3.5.4.3 UK: Encoder Market, by End-User
10.3.5.5 Russia: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Encoder Market, by Type
10.3.5.5.1.1 Russia Encoder Market, by Linear Encoder
10.3.5.5.1.2 Russia: Encoder Market, by Rotary Encoder
10.3.5.5.2 Russia: Encoder Market, by Technology
10.3.5.5.3 Russia: Encoder Market, by End-User
10.3.5.6 Rest of Europe: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Encoder Market, by Type
10.3.5.6.1.1 Rest of Europe Encoder Market, by Linear Encoder
10.3.5.6.1.2 Rest of Europe: Encoder Market, by Rotary Encoder
10.3.5.6.2 Rest of Europe: Encoder Market, by Technology
10.3.5.6.3 Rest of Europe: Encoder Market, by End-User
10.4 APAC: Encoder Market
10.4.1 APAC: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Encoder Market, By Type
10.4.3 APAC: Encoder Market, By Technology
10.4.4 APAC: Encoder Market, By End-User
10.4.5 APAC: Encoder Market, By Country
10.4.5.1 Australia: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.2 Australia: Encoder Market, by Type
10.4.5.2.1.1 Australia: Encoder Market, by Linear Encoder
10.4.5.2.1.2 Australia: Encoder Market, By Rotary Encoder
10.4.5.2.2 Australia: Encoder Market, by Technology
10.4.5.2.3 Australia: Encoder Market, by End-User
10.4.5.3 China: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 China: Encoder Market, by Type
10.4.5.3.1.1 China: Encoder Market, By Linear Encoder
10.4.5.3.1.2 China: Encoder Market, By Rotary Encoder
10.4.5.3.2 China: Encoder Market, by Technology
10.4.5.3.3 China: Encoder Market, by End-User
10.4.5.4 India: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 India: Encoder Market, by Type
10.4.5.4.1.1 India: Encoder Market, By Linear Encoder
10.4.5.4.1.2 India: Encoder Market, By Rotary Encoder
10.4.5.4.2 India: Encoder Market, by Technology
10.4.5.4.3 India: Encoder Market, by End-User
10.4.5.5 Japan: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 Japan: Encoder Market, by Type
10.4.5.5.1.1 Japan: Encoder Market, By Linear Encoder
10.4.5.5.1.2 Japan: Encoder Market, By Rotary Encoder
10.4.5.5.2 Japan: Encoder Market, by Technology
10.4.5.5.3 Japan: Encoder Market, by End-User
10.4.5.6 South Korea: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 South Korea: Encoder Market, by Type
10.4.5.6.1.1 South Korea: Encoder Market, By Linear Encoder
10.4.5.6.1.2 South Korea: Encoder Market, By Rotary Encoder
10.4.5.6.2 South Korea: Encoder Market, by Technology
10.4.5.6.3 South Korea: Encoder Market, by End-User
10.4.5.7 Rest of APAC: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.7.1 Rest of APAC: Encoder Market, by Type
10.4.5.7.1.1 Rest of APAC: Encoder Market, By Linear Encoder
10.4.5.7.1.2 Rest of APAC: Encoder Market, By Rotary Encoder
10.4.5.7.2 Rest of APAC: Encoder Market, by Technology
10.4.5.7.3 Rest of APAC: Encoder Market, by End-User
10.5 Middle East and Africa: Encoders Market
10.5.1 MEA: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Encoders Market, by Type
10.5.2.1 MEA: Network Security Firewall Market, by Linear Encoder
10.5.2.2 MEA: Network Security Firewall Market, by Rotary Encoder
10.5.3 MEA: Encoders Market, by Technology
10.5.4 MEA: Encoders Market, by End-User
10.5.5 MEA: Encoders Market, by Key Country
10.5.5.1 Saudi Arabia: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 Saudi Arabia: Encoders Market, by Type
10.5.5.1.1.1 Saudi Arabia: Encoders Market, by Linear Encoder
10.5.5.1.1.2 Saudi Arabia: Encoders Market, by Rotary Encoder
10.5.5.1.2 Saudi Arabia: Encoders Market, by Technology
10.5.5.1.3 Saudi Arabia: Encoders Market, by End-User
10.5.5.2 UAE: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 UAE: Encoders Market, by Type
10.5.5.2.1.1 UAE: Encoders Market, by Linear Encoder
10.5.5.2.1.2 UAE: Encoders Market, by Rotary Encoder
10.5.5.2.2 UAE: Encoders Market, by Technology
10.5.5.2.3 UAE: Encoders Market, by End-User
10.5.5.3 South Africa: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 South Africa: Encoders Market, by Type
10.5.5.3.1.1 South Africa Encoders Market, by Linear Encoder
10.5.5.3.1.2 South Africa: Encoders Market, by Rotary Encoder
10.5.5.3.2 South Africa: Encoders Market, by Technology
10.5.5.3.3 South Africa: Encoders Market, by End-User
10.5.5.4 Rest of MEA: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Encoders Market, by Type
10.5.5.4.1.1 Rest of MEA Encoders Market, by Linear Encoder
10.5.5.4.1.2 Rest of MEA: Encoders Market, by Rotary Encoder
10.5.5.4.2 Rest of MEA: Encoders Market, by Technology
10.5.5.4.3 Rest of MEA: Encoders Market, by End-User
10.6 SAM: Encoders Market
10.6.1 SAM: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Encoders Market, by Type
10.6.2.1 SAM: Network Security Firewall Market, by Linear Encoder
10.6.2.2 SAM: Network Security Firewall Market, by Rotary Encoder
10.6.3 SAM: Encoders Market, by Technology
10.6.4 SAM: Encoders Market, by End-User
10.6.5 SAM: Encoders Market, by Key Country
10.6.5.1 Brazil: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Encoders Market, by Type
10.6.5.1.1.1 Brazil: Encoders Market, by Linear Encoder
10.6.5.1.1.2 Brazil: Encoders Market, by Rotary Encoder
10.6.5.1.2 Brazil: Encoders Market, by Technology
10.6.5.1.3 Brazil: Encoders Market, by End-User
10.6.5.2 Argentina: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Encoders Market, by Type
10.6.5.2.1.1 Argentina: Encoders Market, by Linear Encoder
10.6.5.2.1.2 Argentina: Encoders Market, by Rotary Encoder
10.6.5.2.2 Argentina: Encoders Market, by Technology
10.6.5.2.3 Argentina: Encoders Market, by End-User
10.6.5.3 Rest of SAM: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of SAM: Encoders Market, by Type
10.6.5.3.1.1 Rest of SAM: Encoders Market, by Linear Encoder
10.6.5.3.1.2 Rest of SAM: Encoders Market, by Rotary Encoder
10.6.5.3.2 Rest of SAM: Encoders Market, by Technology
10.6.5.3.3 Rest of SAM: Encoders Market, by End-User
11. Impact of COVID-19 Outbreak
11.1 IMPACT OF COVID-19 PANDEMIC ON GLOBAL ENCODER MARKET
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiatives
12.2 New Product Development
13. Company Profiles
13.1 ELCO Holding
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Dahua Technology Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 FRABA B.V.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FSI Technologies Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Renishaw Plc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 LTN Servotechnik GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SCANCON Encoders A/S
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 OMRON Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Delta Electronics
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Rockwell Automation, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Encoder Market -Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. North America :Network Security Firewall Market, by Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 4. North America :Network Security Firewall Market, by Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 6. North America: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Encoders Market, by Type -Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 10. US: Encoders Market, by Technology -Revenue and Forecast to 2027 (US$ Million)
Table 11. US: Encoders Market, by End-User -Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 14. Canada: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 15. Canada: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 16. Canada: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 18. Mexico: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 19. Mexico: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 20. Mexico: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 21. Mexico: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 22. Europe Encoder Market, By Component - Revenue and Forecast to 2027 (US$ Million)
Table 23. Europe Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 24. Europe Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 25. Europe Encoder Market, By Technology- Revenue and Forecast to 2027 (US$ Million)
Table 26. Europe Encoder Market, By End-User- Revenue and Forecast to 2027 (US$ Million)
Table 27. Europe Encoder Market, By Country - Revenue and Forecast to 2027 (US$ Million)
Table 28. Germany Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 29. Germany Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 30. Germany Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 31. Germany Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 32. Germany Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 33. France Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 34. France Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 35. France Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 36. France Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 37. France Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 38. Italy Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 39. Italy Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 40. Italy Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 41. Italy Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 42. Italy Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 43. UK Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 44. UK Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 45. UK Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 46. UK Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 47. UK Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 48. Russia Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 49. Russia Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 50. Russia Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 51. Russia Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 52. Russia Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 53. Rest of Europe Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of Europe Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of Europe Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of Europe Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 57. Rest of Europe Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 58. APAC: Encoder Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 59. APAC: Encoder Market, by Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 60. APAC: Encoder Market, by Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 61. APAC: Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 62. APAC: Encoder Market, By End User - Revenue and Forecast to 2027 (US$ Million)
Table 63. APAC: Encoder Market, By Country - Revenue and Forecast to 2027 (US$ Million)
Table 64. Australia: Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 66. Australia: Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 67. Australia: Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 68. Australia: Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 69. Australia: Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 70. China: Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 71. China: Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 72. China: Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 73. China: Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 74. China: Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 75. India: Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 76. India: Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 77. India: Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 78. India: Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 79. India: Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 80. Japan: Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 82. Japan: Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 83. Japan: Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 84. Japan: Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 85. Japan: Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 86. South Korea: Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 88. South Korea: Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 89. South Korea: Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 90. South Korea: Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 91. South Korea: Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 92. Rest of APAC: Encoder Market, By Type - Revenue and Forecast to 2027 (US$ Million)
Table 94. Rest of APAC: Encoder Market, By Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 95. Rest of APAC: Encoder Market, By Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 96. Rest of APAC Encoder Market, By Technology - Revenue and Forecast to 2027 (US$ Million)
Table 97. Rest of APAC: Encoder Market, By End-User - Revenue and Forecast to 2027 (US$ Million)
Table 98. MEA: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 99. MEA :Network Security Firewall Market, by Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 100. MEA :Network Security Firewall Market, by Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 101. MEA: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 102. MEA: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 103. Saudi Arabia: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 104. Saudi Arabia: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 105. Saudi Arabia: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 106. Saudi Arabia: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 107. Saudi Arabia: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 108. UAE: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 109. UAE: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 110. UAE: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 111. UAE: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 112. UAE: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 113. South Africa: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 114. South Africa: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 115. South Africa: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 116. South Africa: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 117. South Africa: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 118. Rest of MEA: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 119. Rest of MEA: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 120. Rest of MEA: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 121. Rest of MEA: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 122. Rest of MEA: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 123. SAM: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 124. SAM :Network Security Firewall Market, by Linear Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 125. SAM :Network Security Firewall Market, by Rotary Encoder - Revenue and Forecast to 2027 (US$ Million)
Table 126. SAM: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 127. SAM: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 128. Brazil: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 129. Brazil: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 130. Brazil: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 131. Brazil: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 132. Brazil: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 133. Argentina: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 134. Argentina: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 135. Argentina: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 136. Argentina: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 137. Argentina: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 138. Rest of SAM: Encoders Market, by Type - Revenue and Forecast to 2027 (US$ Million)
Table 139. Rest of SAM: Encoders Market, by Linear Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 140. Rest of SAM: Encoders Market, by Rotary Encoder -Revenue and Forecast to 2027 (US$ Million)
Table 141. Rest of SAM: Encoders Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 142. Rest of SAM: Encoders Market, by End-User - Revenue and Forecast to 2027 (US$ Million)
Table 143. List of Abbreviation
LIST OF FIGURES
Figure 1. Encoder Market Segmentation
Figure 2. Encoder Market Segmentation - By Geography
Figure 3. Global Encoder Market Overview
Figure 4. Encoder Market, by Geography
Figure 5. Encoder Market, By Type
Figure 6. North America - PEST Analysis
Figure 7. Asia-Pacific - PEST Analysis
Figure 8. Europe - PEST Analysis
Figure 9. Middle East & Africa - PEST Analysis
Figure 10. South America - PEST Analysis
Figure 11. Encoder Market Impact Analysis of Drivers And Restraints
Figure 12. Global Encoder Market
Figure 13. Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 14. Encoder Market Breakdown, by Type (2019 and 2027)
Figure 15. Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 16. Incremental Encoder: Encoder Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 17. Absolute Encoder: Encoder Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 18. Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 19. Incremental Encoder: Encoder Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 20. Absolute Encoder: Encoder Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 21. Encoder Market Breakdown, by Technology (2019 and 2027)
Figure 22. Magnetic Market Revenue and Forecast to 2027(US$ Million)
Figure 23. Optical Market Revenue and Forecast to 2027(US$ Million)
Figure 24. Others Market Revenue and Forecast to 2027(US$ Million)
Figure 25. Encoder Market Breakdown, by End User (2019 and 2027)
Figure 26. Aerospace Market Revenue and Forecast to 2027(US$ Million)
Figure 27. Automotive Market Revenue and Forecast to 2027(US$ Million)
Figure 28. Food and Beverages Market Revenue and Forecast to 2027(US$ Million)
Figure 29. Medical Market Revenue and Forecast to 2027(US$ Million)
Figure 30. Consumer Electronics Market Revenue and Forecast to 2027(US$ Million)
Figure 31. Printing Market Revenue and Forecast to 2027(US$ Million)
Figure 32. Others Market Revenue and Forecast to 2027(US$ Million)
Figure 33. Encoders Market Revenue Share, By Region (2019 and 2027)
Figure 34. North America: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 35. North America: Encoders Market Revenue Share, by Type (2019 and 2027)
Figure 36. North America: Encoders Market Revenue Share, by Technology (2019 and 2027)
Figure 37. North America: Encoders Market Revenue Share, by End-User (2019 and 2027)
Figure 38. North America: Encoders Market Revenue Share, by Key Country (2019 and 2027)
Figure 39. US: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 40. Canada: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 41. Mexico: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 42. Europe: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 43. Europe: Encoder Market Revenue Share, By Type (2019 and 2027)
Figure 44. Europe: Encoder Market Revenue Share, By Technology (2019 and 2027)
Figure 45. Europe: Encoder Market Revenue Share, By End-User (2019 and 2027)
Figure 46. Europe: Encoder Market Revenue Share, By Country (2019 and 2027)
Figure 47. Germany: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 48. France: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 49. Italy: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 50. UK: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 51. Russia: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 52. Rest of Europe: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 53. APAC: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 54. APAC: Encoder Market Revenue Share, By Type (2019 and 2027)
Figure 55. APAC: Encoder Market Revenue Share, By Technology (2019 and 2027)
Figure 56. APAC: Encoder Market Revenue Share, By End-User (2019 and 2027)
Figure 57. APAC: Encoder Market Revenue Share, By Country (2019 and 2027)
Figure 58. Australia: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 59. China: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 60. India: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 61. Japan: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 62. South Korea: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 63. Rest of APAC: Encoder Market - Revenue and Forecast to 2027 (US$ Million)
Figure 64. MEA: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 65. MEA: Encoders Market Revenue Share, by Type (2019 and 2027)
Figure 66. MEA: Encoders Market Revenue Share, by Technology (2019 and 2027)
Figure 67. MEA: Encoders Market Revenue Share, by End-User (2019 and 2027)
Figure 68. MEA: Encoders Market Revenue Share, by Key Country (2019 and 2027)
Figure 69. Saudi Arabia: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 70. UAE: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 71. South Africa: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 72. Rest of MEA: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 73. SAM: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 74. SAM: Encoders Market Revenue Share, by Type (2019 and 2027)
Figure 75. SAM: Encoders Market Revenue Share, by Technology (2019 and 2027)
Figure 76. SAM: Encoders Market Revenue Share, by End-User (2019 and 2027)
Figure 77. SAM: Encoders Market Revenue Share, by Key Country (2019 and 2027)
Figure 78. Brazil: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 79. Argentina: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 80. Rest of SAM: Encoders Market - Revenue and Forecast to 2027 (US$ Million)
Figure 81. IMPACT OF COVID-19 PANDEMIC IN NORTH AMERICAN COUNTRY MARKETS
Figure 82. IMPACT OF COVID-19 PANDEMIC IN EUROPE COUNTRY MARKETS
Figure 83. IMPACT OF COVID-19 PANDEMIC IN ASIA PACIFIC COUNTRY MARKETS
Figure 84. IMPACT OF COVID-19 PANDEMIC IN MIDDLE EAST AND AFRICA COUNTRY MARKETS
Figure 85. IMPACT OF COVID-19 PANDEMIC IN SOUTH AMERICA COUNTRY MARKETS
The List of companies - Encoder Market
- Delta Electronics, Inc.
- Dahua Technology CO., Ltd
- Omron Corporation
- ELCO Holding
- FRABA B.V.
- FSI Technologies Inc.
- Renishaw Plc.
- Rockwell Automation, Inc.
- Scancon Encoders A/S
- Servotechnik GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global encoder market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global encoder market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions
The Asia Pacific region led the encoders market in 2020. China and Japan are the leading countries in the APAC encoder market. The key reason behind significant demand in the above-mentioned countries is the steep rise in industrialization. The adoption of high-end automation solutions among various industries in China and Japan is a key parameter identified for the growing demand for encoders. Several industries, such as consumer electronics, automotive, medical devices, and food & beverage are booming in the countries and is also anticipated to continue to climb at a substantial rate during the forecast period. The end-users or the industries are witnessing noteworthy demand from respective customers, and owing to which, the demand for automation solutions is higher, which is resulting in a rise in the procurement of encoders, thereby catalyzing the encoders market.
Industrial robots are widely used for manufacturing processes across the globe. This robot carries out several activities, which include assembling and welding. In various countries, such as the US and China, the cost of manufacturing labor is increasing; thus, owing to the growing cost, the payback for robotics is becoming more attractive. Developments in computing power and networking technologies have made installing and maintaining robots cost-efficient and faster. Such factors and their impact on the growth of the robotics industry are expected to continue which propel the encoders market globally.
The rotary encoders are widely used for velocity control, temperature control, position sensing, and volume control. The growing demand for electronic position sensing devices across various industries is mainly driving the growth of the rotary encoder. The rising demand for the rotary encoder in the automotive industry and the increasing trend of industrial automation is anticipated to drive the growth of rotary encoders during the forecast period.