Global Encoders market to 2032
Overview
The Global Encoders market is expected to reach a 4,375.42 USD Billion by 2032 and is projected to grow at a CAGR of 7.50% from 2025 to 2032.
Revenue, 2024 (USD Billion)
2,347.34
Forecast, 2032 (USD Billion)
4,375.42
CAGR, 2024 - 2032
7.50%
Report Coverage
Global
Global Encoders market 2018-2032 USD Billion
Global Encoders market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 2,347.34 USD Billion
- Projected Market Size (2032): 4,375.42 USD Billion
- CAGR (2025-2032): 7.50%
Key Findings of Global Encoders market
- The Global Encoders market was valued at 4,375.42 USD Billion in 2024.
- The Global Encoders market is likely to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Digital in Output Segment accounted for the largest share of the market with a revenue of 2,239.56 USD Billion
- The fastest growing segment Automotive in End User Segment grew Fastest with a CAGR of 8.55% during the forecast period from 2024 to 2032.
Global Encoders market Scope
Global Encoders market Segmentation & Scope
Size
- More than 100 mm
- 71 mm - 100 mm
- Less than 30 mm
- 31 mm - 70 mm
Design
- Solid Shaft Encoders
- Hollow Shaft Encoders
End User
- Others
- Textile
- Consumer Electronics
- Oil and Gas
- Food and Beverages
- Printing
- Medical
- Aerospace
- Automotive
- Industrial
Output
- Analog
- Digital
Product Type
- Contacting
- Non Contacting
Type
- Linear
- Rotary
Global Encoders market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 2,347.34 USD Billion |
| Market Value in 2032 | 4,375.42 USD Billion |
| CAGR (2025-2032) | 7.50% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Size,Design,End User,Output,Product Type,Type |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 2,347.34 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 745.34 USD Billion in 2024.
Segments and Scope
-
Global Encoders market to 2032, By Size
- 31 mm - 70 mm is the largest segment in Global Encoders market to 2032 with a revenue of 1,280.15 USD Billion in the year 2024.
- Less than 30 mm is the Fastest growing segment in Global Encoders market to 2032 with a Growth rate of 7.45 % in forecast period 2025-2032.
-
Global Encoders market to 2032, By Design
- Hollow Shaft Encoders is the largest segment in Global Encoders market to 2032 with a revenue of 2,037.41 USD Billion in the year 2024.
- Hollow Shaft Encoders is the Fastest growing segment in Global Encoders market to 2032 with a Growth rate of 7.75 % in forecast period 2025-2032.
-
Global Encoders market to 2032, By End User
- Industrial is the largest segment in Global Encoders market to 2032 with a revenue of 622.52 USD Billion in the year 2024.
- Automotive is the Fastest growing segment in Global Encoders market to 2032 with a Growth rate of 7.79 % in forecast period 2025-2032.
-
Global Encoders market to 2032, By Output
- Digital is the largest segment in Global Encoders market to 2032 with a revenue of 2,239.56 USD Billion in the year 2024.
- Digital is the Fastest growing segment in Global Encoders market to 2032 with a Growth rate of 7.65 % in forecast period 2025-2032.
-
Global Encoders market to 2032, By Product Type
- Non Contacting is the largest segment in Global Encoders market to 2032 with a revenue of 2,205.80 USD Billion in the year 2024.
- Non Contacting is the Fastest growing segment in Global Encoders market to 2032 with a Growth rate of 7.69 % in forecast period 2025-2032.
-
Global Encoders market to 2032, By Type
- Rotary is the largest segment in Global Encoders market to 2032 with a revenue of 1,856.89 USD Billion in the year 2024.
- Rotary is the Fastest growing segment in Global Encoders market to 2032 with a Growth rate of 7.88 % in forecast period 2025-2032.
Global Encoders market Company Share Analysis
| Company Name |
|
||
| OMRON Corporation | |||
| Pepperl+Fuchs (India) Pvt. Ltd. | |||
| maxon | |||
| Renishaw plc. | |||
| Rockwell Automation, Inc. | |||
Global Encoders market Geographical Sales Distribution, 2018-2032 USD Billion
Global Encoders market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Encoders market is segmented based on Segmentation Size,Design,End User,Output,Product Type,Type.
Global Encoders market was valued at USD 2,347.34(Revenue in USD Billion) in 2020.
Global Encoders market is projected to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
The Digital segment is expected to dominate the Global Encoders market, holding a largest market share of 2,239.56 USD Billion in 2024
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Global Encoders market Scope
Global Encoders market Segmentation & Scope
Size
- More than 100 mm
- 71 mm - 100 mm
- Less than 30 mm
- 31 mm - 70 mm
Design
- Solid Shaft Encoders
- Hollow Shaft Encoders
End User
- Others
- Textile
- Consumer Electronics
- Oil and Gas
- Food and Beverages
- Printing
- Medical
- Aerospace
- Automotive
- Industrial
Output
- Analog
- Digital
Product Type
- Contacting
- Non Contacting
Type
- Linear
- Rotary
Frequently Asked Questions
The Global Encoders market is segmented based on Segmentation Size,Design,End User,Output,Product Type,Type.
Global Encoders market was valued at USD 2,347.34(Revenue in USD Billion) in 2020.
Global Encoders market is projected to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
The estimated market value of the Global Encoders market for final year is USD 4,375.42 (USD Billion).
Global Encoders market Company Profiling
Frequently Asked Questions
The Global Encoders market is segmented based on Segmentation Size,Design,End User,Output,Product Type,Type.
Global Encoders market was valued at USD 2,347.34(Revenue in USD Billion) in 2020.
Global Encoders market is projected to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
The estimated market value of the Global Encoders market for final year is USD 4,375.42 (USD Billion).
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