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.
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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.
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
US, Canada, Brazil, Argentina
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. SAM Encoder Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Encoder Market – Market Dynamics
5.1 Market Drivers
5.1.1 Wide use of Industrial Robots in Manufacturing Process
5.2 Market Restraints
5.2.1 Less accuracy of Encoder Technologies
5.3 Market Opportunities
5.3.1 Broad Application of IoT
5.4 Future Trend
5.4.1 Demand for miniaturized devices
5.5 Impact Analysis of Drivers and Restraints
6. SAM Encoder Market Analysis
6.1 SAM Encoder Market Overview
6.2 Encoder Market –Revenue, and Forecast to 2027 (US$ Million)
6.3 SAM Market Positioning – Five Key Players
7. SAM Encoder Market Analysis – By Type
7.1 Overview
7.2 SAM 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. SAM Encoder Market Analysis – By Technology
8.1 Overview
8.2 SAM 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. SAM Encoder Market Analysis – By End User
9.1 Overview
9.2 SAM 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. SAM Encoders Market – Country Analysis
10.1 Overview
10.1.1 SAM: Encoders Market, by Key Country
10.1.1.1 Brazil: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Brazil: Encoders Market, by Type
10.1.1.1.1.1 Brazil: Encoders Market, by Linear Encoder
10.1.1.1.1.2 Brazil: Encoders Market, by Rotary Encoder
10.1.1.1.2 Brazil: Encoders Market, by Technology
10.1.1.1.3 Brazil: Encoders Market, by End-User
10.1.1.2 Argentina: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Argentina: Encoders Market, by Type
10.1.1.2.1.1 Argentina: Encoders Market, by Linear Encoder
10.1.1.2.1.2 Argentina: Encoders Market, by Rotary Encoder
10.1.1.2.2 Argentina: Encoders Market, by Technology
10.1.1.2.3 Argentina: Encoders Market, by End-User
10.1.1.3 Rest of SAM: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Rest of SAM: Encoders Market, by Type
10.1.1.3.1.1 Rest of SAM: Encoders Market, by Linear Encoder
10.1.1.3.1.2 Rest of SAM: Encoders Market, by Rotary Encoder
10.1.1.3.2 Rest of SAM: Encoders Market, by Technology
10.1.1.3.3 Rest of SAM: Encoders Market, by End-User
11. SAM Encoder Market - COVID-19 Impact Analysis
11.1 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiatives
12.2 New Product Development
13. Company Profiles
13.1 Dahua Technology Co., Ltd.
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 Renishaw Plc
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 LTN Servotechnik GmbH
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 OMRON Corporation
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 Delta Electronics
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 Rockwell Automation, Inc.
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
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. Brazil: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 6. Brazil: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Argentina: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 9. Argentina: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 10. Argentina: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 11. Argentina: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of SAM: Encoders Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of SAM: Encoders Market, by Linear Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 14. Rest of SAM: Encoders Market, by Rotary Encoder –Revenue and Forecast to 2027 (US$ Million)
Table 15. Rest of SAM: Encoders Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of SAM: Encoders Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Encoder Market Segmentation
Figure 2. SAM Encoder Market Segmentation – By Country
Figure 3. SAM Encoder Market Overview
Figure 4. SAM Encoder Market - By Country
Figure 5. SAM Encoder Market - By Type
Figure 6. SAM Encoder Market – Country Analysis
Figure 7. SAM – PEST Analysis
Figure 8. SAM Encoder Market Impact Analysis of Drivers And Restraints
Figure 9. SAM Encoder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. SAM Encoder Market Breakdown, by Type (2019 and 2027)
Figure 11. SAM Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 12. SAM Incremental Encoder: Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 13. SAM Absolute Encoder: Linear Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 14. SAM Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 15. SAM Incremental Encoder: Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 16. SAM Absolute Encoder: Rotary Encoder Market Revenue and Forecast To 2027(US$ Million)
Figure 17. SAM Encoder Market Breakdown, by Technology (2019 and 2027)
Figure 18. SAM Magnetic Market Revenue and Forecast to 2027(US$ Million)
Figure 19. SAM Optical Market Revenue and Forecast to 2027(US$ Million)
Figure 20. SAM Others Market Revenue and Forecast to 2027(US$ Million)
Figure 21. SAM Encoder Market Breakdown, by End User (2019 and 2027)
Figure 22. SAM Aerospace Market Revenue and Forecast to 2027(US$ Million)
Figure 23. SAM Automotive Market Revenue and Forecast to 2027(US$ Million)
Figure 24. SAM Food and Beverages Market Revenue and Forecast to 2027(US$ Million)
Figure 25. SAM Medical Market Revenue and Forecast to 2027(US$ Million)
Figure 26. SAM Consumer Electronics Market Revenue and Forecast to 2027(US$ Million)
Figure 27. SAM Printing Market Revenue and Forecast to 2027(US$ Million)
Figure 28. SAM Others Market Revenue and Forecast to 2027(US$ Million)
Figure 29. SAM: Encoders Market Revenue Share, by Key Country (2019 and 2027)
Figure 30. Brazil: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Argentina: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Rest of SAM: Encoders Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. IMPACT OF COVID-19 PANDEMIC IN SAM COUNTRY MARKETS
- Dahua Technology Co., Ltd.
- Renishaw Plc
- 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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