The encoder market in MEA is expected to grow from US$ 67.9 million in 2019 to US$ 142.4 million by 2027; it is estimated to grow at a CAGR of 8.9% from 2020 to 2027.
The South Africa, Saudi Arabia, and UAE are the major economies in MEA. Implementation of automation has gained momentum over the past few years across industries such as automotive, aerospace, food & beverage, healthcare, and electronics. Industrial automation is observing a high growth rate due to the requirement for enhanced productivity, speed, and efficiency in manufacturing procedure. Encoders are crucial devices for high volume, high-speed industrial automation applications. Encoders convert motion into electrical feedback signals which is read by a control device to measure changes in speed, position, direction, count, and linear distance. Encoders are suitable for accurate position determination in industrial automation. In countries such as South Africa and UAE, the automation of vehicles is increasing swiftly to enhance the experience for customers. With the advent of advanced technology, various automakers are anticipated to invest heavily in autonomous car technology. The encoder is attached to the vehicle wheel to determine velocity and acceleration. Thus, in automotive automation, encoders play a crucial role and are progressively used in automakers' car manufacturing. This factor accelerates the growth of encoder market in MEA. The emergence and rapid spread of COVID-19 has paralyzed numerous developed as well as developing countries. In MEA region, South Africa has the highest number of COVID-19 confirmed cases and it is followed by Saudi Arabia and UAE among other countries. Since majority of the countries are exercising lockdowns, the demand for encoders are decreasing at a prominent rate. This is due to the fact that, the key encoder purchasing countries have been restricting their investment on these components, and are utilizing a fair percentage of their budget to combat the outbreak of COVID-19. The semiconductor and automotive industries are the major victims of COVID-19, and since the start of 2020, these industries have been reflecting a declining growth trend. The automotive industry requires a significant number of human labours, as the COVID-19 is spreading through human involvement, the sector is unable to function properly. The temporary shutdown of manufacturing facilities is also showcasing negative trend in the encoder market.
With the new features and technologies coming in MEA encoder market, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA encoder market. The MEA encoder market is expected to grow at a good CAGR during the forecast period.- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MEA Encoder Market Segmentation
MEA Encoder Market – By Type
- Linear Encoder
- Incremental
- Absolute
- Rotary Encoder
- Incremental
- Absolute
MEA Encoder Market – By Technology
- Magnetic
- Optical
- Others
MEA Encoder Market – By End User
- Aerospace
- Automotive
- Food and Beverages
- Medical
- Consumer Electronics
- Printing
- Others
MEA Encoder Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Encoder Market - Companies Mentioned
- Dahua Technology Co., Ltd.
- LTN Servotechnik GmbH
- OMRON Corporation
- Delta Electronics
- Rockwell Automation, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Technology, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
TABLE OF CONTENTS
1.Introduction
1.1Study Scope
1.2The Insight Partners Research Report Guidance
1.3Market Segmentation
2.Key Takeaways
3.Research Methodology
3.1Coverage
3.2Secondary Research
3.3Primary Research
4.MEA Encoder Market Landscape
4.1Market Overview
4.2MEA PEST Analysis
4.3Ecosystem Analysis
4.4Expert Opinion
5.MEA Encoder Market – Market Dynamics
5.1Market Drivers
5.1.1Implementation of Industrial Automation across Industries
5.2Market Restraints
5.2.1Concerns regarding accuracy of Encoders
5.3Market Opportunities
5.3.1Integration of IoT Technology
5.4Future Trend
5.4.1Rising demand for Encoders
5.5Impact Analysis of Drivers and Restraints
6.MEA Encoder Market Analysis
6.1Encoder Market Overview
6.2Encoder Market – Revenue and Forecast to 2027 (US$ Million)
6.3MEA Market Positioning – Five Key Players
7.MEA Encoder Market Analysis – By Type
7.1Overview
7.2MEA Encoder Market Breakdown, by Type, 2019 & 2027
7.3Linear Encoder
7.3.1Overview
7.3.2Linear Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.3.3Incremental
7.3.3.1Overview
7.3.3.2Incremental Encoder: Linear Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.3.4Absolute
7.3.4.1Overview
7.3.4.2Absolute Encoder: Linear Encoder Market – Revenue and Forecast to 2027 (US$ Million)
7.4Rotary Encoder
7.4.1Overview
7.4.2Rotary Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.4.3Incremental
7.4.3.1Overview
7.4.3.2Incremental Encoder: Rotary Encoder Market Revenue and Forecast to 2027 (US$ Million)
7.4.4Absolute
7.4.4.1Overview
7.4.4.2Absolute Encoder: Rotary Encoder Market – Revenue and Forecast to 2027 (US$ Million)
8.MEA Encoder Market Analysis – By Technology
8.1Overview
8.2MEA Encoder Market Breakdown, by Technology, 2019 & 2027
8.3Magnetic
8.3.1Overview
8.3.2Magnetic Market Revenue and Forecast to 2027 (US$ Million)
8.4Optical
8.4.1Overview
8.4.2Optical Market Revenue and Forecast to 2027 (US$ Million)
8.5Others
8.5.1Overview
8.5.2Others Market Revenue and Forecast to 2027 (US$ Million)
9.MEA Encoder Market Analysis – By End-User
9.1Overview
9.2MEA Encoder Market Breakdown, by End- User, 2019 & 2027
9.3Aerospace
9.3.1Overview
9.3.2Aerospace Market Revenue and Forecast to 2027 (US$ Million)
9.4Automotive
9.4.1Overview
9.4.2Automotive Market Revenue and Forecast to 2027 (US$ Million)
9.5Food and Beverages
9.5.1Overview
9.5.2Food and Beverages Market Revenue and Forecast to 2027 (US$ Million)
9.6Medical
9.6.1Overview
9.6.2Medical Market Revenue and Forecast to 2027 (US$ Million)
9.7Consumer Electronics
9.7.1Overview
9.7.2Consumer Electronics Market Revenue and Forecast to 2027 (US$ Million)
9.8Printing
9.8.1Overview
9.8.2Printing Market Revenue and Forecast to 2027 (US$ Million)
9.9Others
9.9.1Overview
9.9.2Others Market Revenue and Forecast to 2027 (US$ Million)
10.MEA Encoders Market – Country Analysis
10.1Overview
10.1.1MEA: Encoders Market, by Key Country
10.1.1.1Saudi Arabia: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1Saudi Arabia: Encoders Market, by Type
10.1.1.1.1.1 Saudi Arabia: Encoders Market, by Linear Encoder
10.1.1.1.1.2 Saudi Arabia: Encoders Market, by Rotary Encoder
10.1.1.1.2Saudi Arabia: Encoders Market, by Technology
10.1.1.1.3Saudi Arabia: Encoders Market, by End-User
10.1.1.2UAE: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1UAE: Encoders Market, by Type
10.1.1.2.1.1 UAE: Encoders Market, by Linear Encoder
10.1.1.2.1.2 UAE: Encoders Market, by Rotary Encoder
10.1.1.2.2UAE: Encoders Market, by Technology
10.1.1.2.3UAE: Encoders Market, by End-User
10.1.1.3South Africa: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1South Africa: Encoders Market, by Type
10.1.1.3.1.1 South Africa Encoders Market, by Linear Encoder
10.1.1.3.1.2 South Africa: Encoders Market, by Rotary Encoder
10.1.1.3.2South Africa: Encoders Market, by Technology
10.1.1.3.3South Africa: Encoders Market, by End-User
10.1.1.4Rest of MEA: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1Rest of MEA: Encoders Market, by Type
10.1.1.4.1.1 Rest of MEA Encoders Market, by Linear Encoder
10.1.1.4.1.2 Rest of MEA: Encoders Market, by Rotary Encoder
10.1.1.4.2Rest of MEA: Encoders Market, by Technology
10.1.1.4.3Rest of MEA: Encoders Market, by End-User
11.MEA Encoder Market - COVID-19 Impact Analysis
11.1MEA: Impact assessment of COVID-19 Pandemic
12.Industry Landscape
12.1Market Initiatives
12.2New Product Development
13.Company Profiles
13.1Dahua Technology Co., Ltd.
13.1.1Key Facts
13.1.2Business Description
13.1.3Products and Services
13.1.4Financial Overview
13.1.5SWOT Analysis
13.1.6Key Developments
13.2LTN Servotechnik GmbH
13.2.1Key Facts
13.2.2Business Description
13.2.3Products and Services
13.2.4Financial Overview
13.2.5SWOT Analysis
13.2.6Key Developments
13.3OMRON Corporation
13.3.1Key Facts
13.3.2Business Description
13.3.3Products and Services
13.3.4Financial Overview
13.3.5SWOT Analysis
13.3.6Key Developments
13.4Delta Electronics
13.4.1Key Facts
13.4.2Business Description
13.4.3Products and Services
13.4.4Financial Overview
13.4.5SWOT Analysis
13.4.6Key Developments
13.5Rockwell Automation, Inc.
13.5.1Key Facts
13.5.2Business Description
13.5.3Products and Services
13.5.4Financial Overview
13.5.5SWOT Analysis
13.5.6Key Developments
14.Appendix
14.1About The Insight Partners
14.2Word Index
LIST OF TABLES
Table 1.MEA Encoder Market – Revenue and Forecast to 2027 (US$ Million)
Table 2.Saudi Arabia: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3.Saudi Arabia: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 4.Saudi Arabia: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 5.Saudi Arabia: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 6.Saudi Arabia: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 7.UAE: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 8.UAE: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 9.UAE: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 10.UAE: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 11.UAE: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 12.South Africa: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13.South Africa: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 14.South Africa: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 15.South Africa: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 16.South Africa: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17.Rest of MEA: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 18.Rest of MEA: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 19.Rest of MEA: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 20.Rest of MEA: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 21.Rest of MEA: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 22.List of Abbreviation
LIST OF FIGURES
Figure 1.MEA Encoder Market Segmentation
Figure 2.MEA Encoder Market Segmentation – By Country
Figure 3.MEA Encoder Market Overview
Figure 4.MEA Encoder Market - By Country
Figure 5.MEA Encoder Market - By Type
Figure 6.MEA Encoder Market – Country Analysis
Figure 7.MEA – PEST Analysis
Figure 8.MEA Encoder Market Impact Analysis of Drivers And Restraints
Figure 9.MEA Encoder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10.MEA Encoder Market Breakdown, by Type (2019 and 2027)
Figure 11.MEA Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 12.MEA Incremental Encoder: Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 13.MEA Absolute Encoder: Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 14.MEA Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 15.MEA Incremental Encoder: Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 16.MEA Absolute Encoder: Encoder Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 17.MEA Encoder Market Breakdown, by Technology (2019 and 2027)
Figure 18.MEA Magnetic Market Revenue and Forecast to 2027(US$ Million)
Figure 19.MEA Optical Market Revenue and Forecast to 2027(US$ Million)
Figure 20.MEA Others Market Revenue and Forecast to 2027(US$ Million)
Figure 21.MEA Encoder Market Breakdown, by End-User (2019 and 2027)
Figure 22.MEA Aerospace Market Revenue and Forecast to 2027(US$ Million)
Figure 23.MEA Automotive Market Revenue and Forecast to 2027(US$ Million)
Figure 24.MEA Food and Beverages Market Revenue and Forecast to 2027(US$ Million)
Figure 25.MEA Medical Market Revenue and Forecast to 2027(US$ Million)
Figure 26.MEA Consumer Electronics Market Revenue and Forecast to 2027(US$ Million)
Figure 27.MEA Printing Market Revenue and Forecast to 2027(US$ Million)
Figure 28.MEA Others Market Revenue and Forecast to 2027(US$ Million)
Figure 29.MEA: Encoders Market Revenue Share, by Key Country (2019 and 2027)
Figure 30.Saudi Arabia: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31.UAE: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32.South Africa: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33.Rest of MEA: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34.Impact Of Covid-19 Pandemic In MEA Country Markets
- Dahua Technology Co., Ltd.
- LTN Servotechnik GmbH
- OMRON Corporation
- Delta Electronics
- Rockwell Automation, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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