South Korea Encoders market to 2032
Overview
The South Korea Encoders market is expected to reach a 134.50 USD Billion by 2032 and is projected to grow at a CAGR of 14.99% from 2025 to 2032.
Revenue, 2024 (USD Billion)
65.59
Forecast, 2032 (USD Billion)
134.50
CAGR, 2024 - 2032
14.99%
Report Coverage
South Korea
South Korea Encoders market 2018-2032 USD Billion
South Korea Encoders market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 65.59 USD Billion
- Projected Market Size (2032): 134.50 USD Billion
- CAGR (2025-2032): 14.99%
Key Findings of South Korea Encoders market
- The South Korea Encoders market was valued at 65.59 USD Billion in 2024.
- The South Korea Encoders market is likely to grow at a CAGR of 14.99% 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 62.65 USD Billion
- The fastest growing segment Automotive in End User Segment grew Fastest with a CAGR of 16.99% during the forecast period from 2024 to 2032.
South Korea Encoders market Scope
South Korea 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
South Korea Encoders market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 65.59 USD Billion |
| Market Value in 2032 | 134.50 USD Billion |
| CAGR (2025-2032) | 14.99% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Product Type,Output,Size,Design,Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 65.59 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 65.59 USD Billion in 2024.
Segments and Scope
-
South Korea Encoders market to 2032, By End User
- Industrial is the largest segment in South Korea Encoders market to 2032 with a revenue of 18.97 USD Billion in the year 2024.
- Automotive is the Fastest growing segment in South Korea Encoders market to 2032 with a Growth rate of 15.82 % in forecast period 2025-2032.
-
South Korea Encoders market to 2032, By Product Type
- Non Contacting is the largest segment in South Korea Encoders market to 2032 with a revenue of 61.68 USD Billion in the year 2024.
- Non Contacting is the Fastest growing segment in South Korea Encoders market to 2032 with a Growth rate of 15.43 % in forecast period 2025-2032.
-
South Korea Encoders market to 2032, By Output
- Digital is the largest segment in South Korea Encoders market to 2032 with a revenue of 62.65 USD Billion in the year 2024.
- Digital is the Fastest growing segment in South Korea Encoders market to 2032 with a Growth rate of 15.28 % in forecast period 2025-2032.
-
South Korea Encoders market to 2032, By Size
- 31 mm - 70 mm is the largest segment in South Korea Encoders market to 2032 with a revenue of 36.54 USD Billion in the year 2024.
- Less than 30 mm is the Fastest growing segment in South Korea Encoders market to 2032 with a Growth rate of 15.11 % in forecast period 2025-2032.
-
South Korea Encoders market to 2032, By Design
- Hollow Shaft Encoders is the largest segment in South Korea Encoders market to 2032 with a revenue of 57.25 USD Billion in the year 2024.
- Hollow Shaft Encoders is the Fastest growing segment in South Korea Encoders market to 2032 with a Growth rate of 15.50 % in forecast period 2025-2032.
-
South Korea Encoders market to 2032, By Type
- Rotary is the largest segment in South Korea Encoders market to 2032 with a revenue of 52.14 USD Billion in the year 2024.
- Rotary is the Fastest growing segment in South Korea Encoders market to 2032 with a Growth rate of 15.82 % in forecast period 2025-2032.
South Korea Encoders market Company Share Analysis
| Company Name |
|
||
| OMRON Corporation | |||
| Pepperl+Fuchs (India) Pvt. Ltd. | |||
| maxon | |||
| Renishaw plc. | |||
| Rockwell Automation, Inc. | |||
South Korea Encoders market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Encoders market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Encoders market is segmented based on Segmentation End User,Product Type,Output,Size,Design,Type.
South Korea Encoders market was valued at USD 65.59(Revenue in USD Billion) in 2020.
South Korea Encoders market is projected to grow at a CAGR of 14.99% during the forecast period of 2024 to 2032.
The Digital segment is expected to dominate the South Korea Encoders market, holding a largest market share of 62.65 USD Billion in 2024
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South Korea Encoders market Scope
South Korea 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 South Korea Encoders market is segmented based on Segmentation End User,Product Type,Output,Size,Design,Type.
South Korea Encoders market was valued at USD 65.59(Revenue in USD Billion) in 2020.
South Korea Encoders market is projected to grow at a CAGR of 14.99% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Encoders market for final year is USD 134.50 (USD Billion).
South Korea Encoders market Company Profiling
Frequently Asked Questions
The South Korea Encoders market is segmented based on Segmentation End User,Product Type,Output,Size,Design,Type.
South Korea Encoders market was valued at USD 65.59(Revenue in USD Billion) in 2020.
South Korea Encoders market is projected to grow at a CAGR of 14.99% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Encoders market for final year is USD 134.50 (USD Billion).
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