Global Encoder Market is Growing at a Significant Rate in the Forecast Period 2019-2026

According to Data Bridge Market Research new Market report, global encoder market will account to a stable CAGR during the forecast period of 2019 to 2026.

Global Encoder Market

Encoder can be defined as an electrical component/device that is used for conversion of data/information from one type of format into another. These encoders or transducers are majorly of two types, rotary and linear. These encoders are used to convert the measured position or information gathered into usable digital signals that can be used for identifying the exact position or coordinates.

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Segmentation: Global Encoder Market

Global encoder market is segmented on the basis of type, technology, end-user industry and geography.

By Type (Rotary Encoder, Linear Encoder), Technology (Optical, Magnetic, Photoelectric), End-User Industry (Automatic, Electronic, Textile & Printing Machinery) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN ENCODER MARKET:

Constant upgradation and innovations:

  • 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.

Key Market Competitors: Global Encoder Market

Few of the major competitors currently working in the encoder market are Baumer Group, BEI Sensors, Dynapar, Omron Corporation, Rockwell Corporation, Inc., FAULHABER Group, HEIDENHAIN, Hengstler GmbH, Ifm Electronics, maxon motor ag, Pepprl+Fuchs, Pilz GmbH & Co. KG, Renishaw plc., SIKO GmbH and Hans Turck GmbH & Co. KG.

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