An encoder is a device, circuit, transducer, software program, algorithm or person that converts information from one format or code to another, for the purpose of standardization, speed or compression. Encoder is an electronic device which is used to convert an analogue signal to a digital signal. The encoder’s ability to deliver immediate data after collection helped many experts to bring accuracy in their work, enhance operational speed and ease process control that is the reason they are considered as the most accurate and most useful component in the automation industry. Encoder creates either incremental or absolute signals. An incremental signal only indicates that the position has changed but in absolute they not only indicate that the position has changed but also indicates the exact position of the encoder.
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Market Analysis: The market is estimated to grow with a stable CAGR of 6.90% in the forecast period of 2019-2026. The report contains data from the historic year of 2017, and the base year of 2018. The growing need of SMT equipment is the major reason for the growth of this industry.
Major Market Competitors/Players: Global Encoder Market
- Baumer Group
- BEI Sensors
- Omron Corporation
- Rockwell Corporation
- FAULHABER Group
- Hengstler GmbH
- Ifm Electronics
- maxon motor ag
- Pilz GmbH & Co. KG
- SIKO GmbH
- Hans Turck GmbH & Co. KG
- They are highly reliable and accurate.
- With low weight and rotational inertia they are more suitable for the application with high acceleration and deceleration rates.
- By replacing the feedback element and changing software, encoders can be upgraded easily.
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Complete and distinct analysis of the market drivers and restraints, Key Market players involved in this industry, Detailed analysis of the Market Segmentation, Competitive analysis of the key players involved
- They are usually susceptible to dust, oil and dirt
- Optical encoders have direct light source interference.
Segmentation: Global Encoder Market
- By Type
- Rotatory Encoder
- Linear Encoder
- By Technology
- By End User Industry
- Texting & Printing Machinery
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Competitive Analysis: Global encoder market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of encoder market for global, Europe, North America, Asia Pacific and South America.
Key Developments in the Market:
- In January 2019, WordCast systems launched market’s first RDS encoder with Audemat Encoder enabling the addition of RDS information directly into a fully digital chain. It enables the broadcaster to move into a fully digital environment because of its spectral purity and quality.
- In November 2018, Renishaw launched a Quantic Rotary Encoder system which uses a 40 µm-pitch ring scale called RESM40 which is available in a wide range of sizes. Advanced Diagnostic Tool and combination of wider tolerance increased the ease of the set- up.
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