South America Encoder Market Drivers and Forecasts by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South America Encoder Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Linear Encoder and Rotary Encoder), Technology (Magnetic, Optical, and Others), and End-User (Aerospace, Automotive, Food and Beverages, Medical, Consumer Electronics, Printing, and Others)
- Report Date : Sep 2020
- Report Code : TIPRE00014004
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 90
The encoder market in SAM is expected to grow from US$ 143.5 million in 2019 to US$ 280.0 million by 2027; it is estimated to grow at a CAGR of 8.0% from 2020 to 2027.
The Brazil and Argentina are the major economies in SAM. Wide use of industrial robots in manufacturing process has gained momentum over the past few years across the SAM region. This industrial robot carries out activities, such as assembling and welding. Robotics has been used in various major industries, such as aerospace and automotive, as these industries require highly accurate machining operations on significant components. Robots can reach any position on a large part, such as aircraft’s fuselage, and can achieve tasks such as drilling and milling. Several robot manufacturers have been integrating encoders for highly precise position measurement and are implementing accurate position measurement for mobile robots. Robotics manufacturers can enhance the absolute position accuracy of their industrial robots with the help of high accuracy angle encoders at every robot axis, which is known as secondary encoders. Companies are highly emphasized on offering encoders for industrial robotics. Thus, increasing use of industrial robots in manufacturing process is expected to create a significant demand for encoders in coming years, which is further anticipated to drive the market growth in SAM.
The emergence and rapid spread of COVID-19 have affected various developed and developing countries. The continuous surge in the count of infected patients is threatening several industries across the SAM region. Since most countries are exercising lockdowns, the demand for encoders has decreased at a prominent rate. This is due to the fact that the critical encoder purchasing countries have been restricting their investment on these components, and are utilizing a fair percentage of their budget to combat COVID-19. The temporary shutdown of manufacturing facilities is also showcasing a negative trend in the encoder market. The continuity of the COVID-19 spread would affect the businesses of South America encoder market players. The semiconductor and automotive industry are the major victims of COVID-19, and since the start of 2020, these industries have been reflecting the declining trend. With the imposition of lockdown across the SAM region, the industries have been witnessing shattering experience. The automotive industry requires a significant number of human labour, and as the COVID-19 virus is spreading through human involvement, the sector is unable to function correctly. The declining growth trend in the automotive and semiconductor industry is reflecting a negative impact on the SAM encoder market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the encoder market. The SAM encoder market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Encoder Market Segmentation
SAM Encoder Market – By Type
- Linear Encoder
- Incremental
- Absolute
- Rotary Encoder
- Incremental
- Absolute
SAM Encoder Market – By Technology
- Magnetic
- Optical
- Others
SAM Encoder Market – By End-User
- Aerospace
- Automotive
- Food and Beverages
- Medical
- Consumer Electronics
- Printing
- Others
SAM Encoder Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of SAM
SAM Encoder Market - Companies Mentioned
- Dahua Technology Co., Ltd.
- Renishaw Plc
- LTN Servotechnik GmbH
- OMRON Corporation
- Delta Electronics
- Rockwell Automation, Inc.
South America Encoder Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 143.5 Million |
| Market Size by 2027 | US$ 280.0 Million |
| Global CAGR (2020 - 2027) | 8.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Dahua Technology Co., Ltd.
- Renishaw Plc
- LTN Servotechnik GmbH
- OMRON Corporation
- Delta Electronics
- Rockwell Automation, Inc.
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