COVID-19 Impact Encoders Market, By Type, Technology,
Dublin, June 10, 2021 (GLOBE NEWSWIRE) – The “Global COVID-19 Impact Encoders Market, By Type (Linear, Rotary), Technology (Optical, Magnetic, Inductive), Application (Automotive, Consumer Electronics, Industrial, Energy, Healthcare), Signal Type, and Geography – Forecast until 2026 “ report was added to ResearchAndMarkets.com offer.
The global encoder market is expected to grow from $ 2.3 billion in 2021 to $ 3.7 billion by 2026, with a CAGR of 10%.
The growth of this market is mainly due to the need for high-end automation in all sectors, the growth in adoption of Industry 4.0 and the inclination towards advanced technologies in the context of the pandemic of COVID-19.
However, factors such as issues with accuracy, varying international regulations, and mechanical failure in harsh environments are holding back the growth of the market.
Rotary encoders to grow at highest CAGR during forecast period
Growing demand for automated industrial machines and robotics is driving the growth of rotary encoder market. Rotary encoders are electromechanical devices used to measure the number of rotations, the angle of rotation and the rotational position of equipment. These encoders are also called shaft encoders or simply encoders.
They are used for position sensing in various applications, for example on motors associated with drives and automated machines in consumer electronics, elevators, conveyor speed controllers, industrial machines and robotics. They follow the rotation of the motor shafts to generate digital position and movement information. Whether incremental or absolute, magnetic or optical, rotary encoders follow the rotation of the motor shaft to generate digital position and movement information.
Rotary encoders are used in a wide range of applications that require the monitoring or control, or both, of mechanical systems, including industrial controls, robotics, photographic lenses, computer input devices, and platforms. -Rotating radar forms.
Consumer Electronics app dominated the encoder market in 2020
Consumer electronics is one of the fastest growing markets for coders. In this industry, encoders are widely used in office equipment such as PC scanning equipment, printers, copiers, answering machines and scanners. For example, many industrial inkjet printing systems are equipped with a rotary encoder to track the movement of the object to be printed. This allows the printhead to apply the image to a precisely controlled location on the object.
In addition, a clear increase in the use of encoders in APAC and North America for consumer electronics applications has been observed due to the rapid adoption of new technologies and the presence of many electronics giants. general public, such as Apple Korea), Huawei (China), Sony Corporation (Japan), HP Inc. (United States).
APAC market is expected to grow at the highest CAGR during the forecast period
In 2020, APAC represented a prominent share of the encoder market. The growth of the encoder market is mainly attributed to the increasing number of manufacturing and engineering centers related to various industries. The concept of autonomous, electric and connected cars has fueled the growth of the automotive industry in APAC, especially in China. The country’s auto industry has grown rapidly and the country plays an important role in the global auto market.
The growing demand for energy efficient production processes coupled with the need for feedback systems is expected to create opportunities for the APAC encoder market. However, the pandemic resulted in disruptions in supply chain activities, loss of income and a slowdown in production activities which strongly impacted the growth of the market, ultimately affecting the economy.
Main topics covered:
2 Research methodology
3 Executive summary
4 premium information
4.1 Attractive Growth Opportunities For The Encoders Market
4.2 Encoders Market, by Encoder Type
4.3 Encoders Market, by Technology
4.4 Encoders Market, by Application
4.5 Encoders Market, by Geography
5 Market overview
5.2 Market dynamics
126.96.36.199 Need for high-end automation in all sectors
188.8.131.52 Growth in adoption of Industry 4.0
184.108.40.206 Tilt towards advanced technologies in the context of the COVID-19 pandemic
220.127.116.11 Accuracy issues
18.104.22.168 Variations in international regulations
22.214.171.124 Growing demand for artificial intelligence-based systems
126.96.36.199 Upcoming Technologies in the Automotive Industry
188.8.131.52 Mechanical failures in harsh environments
184.108.40.206 Supply chain disruption due to the COVID-19 situation
220.127.116.11 Decline in aerospace industry growth attributed to COVID-19
5.3 Value chain analysis
6 Encoder Market, By Encoder Type
7 Encoder Market, By Signal Type
8 Encoders Market, by Technology Type
9 Encoders Market, By Application
10 Geographic analysis
11 Competitive landscape
12 company profiles
12.1 Key players
12.1.1 Renishaw plc
12.1.3 Fraba BV (Posital Fraba)
12.1.4 Sensata Technologies
12.1.5 IFM electronics
12.1.6 Mitutoyo Company
12.1.7 Pepperl + Fuchs SE
12.1.8 Fortive (Dynapar Corporation)
12.1.9 Maxon Motor AG
12.1.10 Balluff Inc.
12.1.11 Pilz GmbH & Co. KG
12.1.12 Tamagawa Seiki Co. Ltd.
12.1.13 Faulhaber Group
12.1.14 Baumer Group
12.1.15 Koyo Electronics Industries Co. Ltd.
12.2 Other key players
12.2.1 Schneider Electric SE
12.2.2 Omron Company
12.2.3 Rockwell Automation Inc.
12.2.5 Hengstler GmbH
12.2.8 Siko GmbH
13 adjacent and related markets
For more information on this report, visit https://www.researchandmarkets.com/r/gyq5ow