North America Encoders market to 2032
Overview
The North America Encoders market is expected to reach a 1,751.54 USD Billion by 2032 and is projected to grow at a CAGR of 14.33% from 2025 to 2032.
Revenue, 2024 (USD Billion)
879.84
Forecast, 2032 (USD Billion)
1,751.54
CAGR, 2024 - 2032
14.33%
Report Coverage
North America
North America Encoders market 2018-2032 USD Billion
North America Encoders market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 879.84 USD Billion
- Projected Market Size (2032): 1,751.54 USD Billion
- CAGR (2025-2032): 14.33%
Key Findings of North America Encoders market
- The North America Encoders market was valued at 879.84 USD Billion in 2024.
- The North America Encoders market is likely to grow at a CAGR of 14.33% 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 831.03 USD Billion
- The fastest growing segment Automotive in End User Segment grew Fastest with a CAGR of 16.54% during the forecast period from 2024 to 2032.
North America Encoders market Scope
North America Encoders market Segmentation & Scope
End User
- Others
- Textile
- Consumer Electronics
- Oil and Gas
- Food and Beverages
- Printing
- Medical
- Aerospace
- Automotive
- Industrial
Product Type
- Contacting
- Non Contacting
Output
- Analog
- Digital
Size
- More than 100 mm
- 71 mm - 100 mm
- Less than 30 mm
- 31 mm - 70 mm
Design
- Solid Shaft Encoders
- Hollow Shaft Encoders
Type
- Linear
- Rotary
North America Encoders market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 879.84 USD Billion |
| Market Value in 2032 | 1,751.54 USD Billion |
| CAGR (2025-2032) | 14.33% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Product Type,Output,Size,Design,Type |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 879.84 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
-
North America Encoders market to 2032, By End User
- Industrial is the largest segment in North America Encoders market to 2032 with a revenue of 183.87 USD Billion in the year 2024.
- Automotive is the Fastest growing segment in North America Encoders market to 2032 with a Growth rate of 15.30 % in forecast period 2025-2032.
-
North America Encoders market to 2032, By Product Type
- Non Contacting is the largest segment in North America Encoders market to 2032 with a revenue of 820.08 USD Billion in the year 2024.
- Non Contacting is the Fastest growing segment in North America Encoders market to 2032 with a Growth rate of 14.72 % in forecast period 2025-2032.
-
North America Encoders market to 2032, By Output
- Digital is the largest segment in North America Encoders market to 2032 with a revenue of 831.03 USD Billion in the year 2024.
- Digital is the Fastest growing segment in North America Encoders market to 2032 with a Growth rate of 14.70 % in forecast period 2025-2032.
-
North America Encoders market to 2032, By Size
- 31 mm - 70 mm is the largest segment in North America Encoders market to 2032 with a revenue of 453.59 USD Billion in the year 2024.
- Less than 30 mm is the Fastest growing segment in North America Encoders market to 2032 with a Growth rate of 14.21 % in forecast period 2025-2032.
-
North America Encoders market to 2032, By Design
- Hollow Shaft Encoders is the largest segment in North America Encoders market to 2032 with a revenue of 754.65 USD Billion in the year 2024.
- Hollow Shaft Encoders is the Fastest growing segment in North America Encoders market to 2032 with a Growth rate of 14.88 % in forecast period 2025-2032.
-
North America Encoders market to 2032, By Type
- Rotary is the largest segment in North America Encoders market to 2032 with a revenue of 688.83 USD Billion in the year 2024.
- Rotary is the Fastest growing segment in North America Encoders market to 2032 with a Growth rate of 15.17 % in forecast period 2025-2032.
North America Encoders market Company Share Analysis
| Company Name |
|
||
| OMRON Corporation | |||
| Pepperl+Fuchs (India) Pvt. Ltd. | |||
| maxon | |||
| Renishaw plc. | |||
| Rockwell Automation, Inc. | |||
North America Encoders market Geographical Sales Distribution, 2018-2032 USD Billion
North America Encoders market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Encoders market is segmented based on Segmentation End User,Product Type,Output,Size,Design,Type.
North America Encoders market was valued at USD 879.84(Revenue in USD Billion) in 2020.
North America Encoders market is projected to grow at a CAGR of 14.33% during the forecast period of 2024 to 2032.
The Digital segment is expected to dominate the North America Encoders market, holding a largest market share of 831.03 USD Billion in 2024
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North America Encoders market Scope
North America Encoders market Segmentation & Scope
End User
- Others
- Textile
- Consumer Electronics
- Oil and Gas
- Food and Beverages
- Printing
- Medical
- Aerospace
- Automotive
- Industrial
Product Type
- Contacting
- Non Contacting
Output
- Analog
- Digital
Size
- More than 100 mm
- 71 mm - 100 mm
- Less than 30 mm
- 31 mm - 70 mm
Design
- Solid Shaft Encoders
- Hollow Shaft Encoders
Type
- Linear
- Rotary
Frequently Asked Questions
The North America Encoders market is segmented based on Segmentation End User,Product Type,Output,Size,Design,Type.
North America Encoders market was valued at USD 879.84(Revenue in USD Billion) in 2020.
North America Encoders market is projected to grow at a CAGR of 14.33% during the forecast period of 2024 to 2032.
The estimated market value of the North America Encoders market for final year is USD 1,751.54 (USD Billion).
North America Encoders market Company Profiling
Frequently Asked Questions
The North America Encoders market is segmented based on Segmentation End User,Product Type,Output,Size,Design,Type.
North America Encoders market was valued at USD 879.84(Revenue in USD Billion) in 2020.
North America Encoders market is projected to grow at a CAGR of 14.33% during the forecast period of 2024 to 2032.
The estimated market value of the North America Encoders market for final year is USD 1,751.54 (USD Billion).
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