Asia-Pacific Encoder Market – Industry Trends and Forecast to 2030

Asia-Pacific Encoder Market Analysis and Size

The primary factor boosting the growth of the encoder market is the increasing number of cars and the expanding manufacturing and production of automotive parts. For instance, according to OICA, 80.14 million motor vehicles were produced globally in 2021. China was the major manufacturer of automobiles and commercial vehicles in Asia-Pacific. In 2021, China will be the world's largest and most productive producer of passenger automobiles, producing over 26 million vehicles and accounting for one-third of all passenger vehicle production globally.

Data Bridge Market Research analyses that the encoder market was valued at USD 474.31 million in 2022 and is expected to reach the value of USD 1026.99 million by 2030, at a CAGR of 10.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Asia-Pacific Encoder Market Scope and Segmentation

Market Definition

An encoder is a sensing tool that offers feedback. Encoders change the movement into an electrical signal that a counter, PLC, or any control device in a motion control system can read. A feedback signal from the encoder can be used to calculate position, count, speed, or direction. This data can be used by a control device to transmit a command for a specific task.

Asia-Pacific Encoder Market Dynamics

Drivers

• Increasing demand of rotary encoders

The primary element driving up the demand for rotary encoders is their expanding use in the automotive industry. These are employed in the automobile sector for the throttle, steering, and gear positions. The employment of rotary encoders in the aerospace industry, where they are employed for automation, is another element boosting the market. Thus, the increasing demand of rotary encoders is expected to drive the growth rate of the encoder market.

• High usage of encoder in several application

The increasing demand for volume control, temperature control, velocity control and position sensing across many applications such as motors paired with automated machinery and drives in consumer electronics, industrial machines, elevators, conveyor speed monitors and robotics, is anticipated to drive the growth rate of the encoder market.

• Increasing number of cars

The expansion and growth of the encoder market is boosted by the growing number of vehicles on the road and the augmented production of car parts. Automakers progressively use Encoders in car production because they offer acceleration, real-time speed and rotational position information to the automated guided automobile controller. With the rapid growth in automobile automation to increase the customer experience, automakers progressively use encoders in car manufacturing.

 Opportunities

• Technological advancement

The magnetic encoder technology is growing and advancing rapidly to the very mature optical. The market is witnessing a notable shift to the area of bearing-less systems, which offered the chance to mount the encoders in applications where no solution was accessible earlier due to small mounting spaces or missing free shaft ends. The magnetic orders have magnetic scales that are generated for the different and various lengths, various patterns, and a various number of tracks.

• Increasing application of encoder in industrial robotic

Industrial robotic applications would be one of the important opportunities in the encoders. Automation in different industries will generate demand for robotics, eventually generating the demand for rotary angle sensors. Furthermore, the electronic industry is also a vital sector where opportunities are anticipated during the forecast period.

Restraints

• Issues associated with the encoder market

As a result of potential complexity and a small number of fragile parts, encoders face a number of difficulties and limitations that limit their ability to withstand mechanical abuse and their operating temperature range. It would be difficult for one of them to obtain an optical encoder that could withstand temperatures higher than 120 degrees celsius. The pollution might harm or destroy optical encoders. The action of oil, dust, or dirt can keep out their fine-pitch scales, LEDs, and photodetectors. The mechanical fragility of optical encoders is perhaps one of their biggest drawbacks.

This encoder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the encoder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Encoder Market

As a result of an increase in the number of business verticals adopting security technologies during the COVID-19 outbreak had a favorable effect on the encoder market. Encoder technology was being used by several industries, most notably consumer electronics and aerospace, to standardize and protect data. The increased awareness of the potential advantages of hardware encryption and the development of automation across various business verticals are anticipated to experience rapid expansion in the encoder market in the post-pandemic environment.

Recent Development

• In July 2021, APS signed a national distribution contract with the Baumer Group. From the collaboration or the partnership, the APS would have access to the Baumer products such as encoder, identification and distance measurement sensors and others
• In November 2021, Baumer Group established a novel bearing less encoder named EB200E. It is the primary incremental bearing less encoder with IO-link on the market. This smart encoder enables practical machine concepts that are mainly based on the effectiveness of the price.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Asia-Pacific Encoder Market Scope

The encoder market is segmented based on the type, product type, output, size, design, technology and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Rotary
• Linear

Product Type

• Non-Contacting
• Contacting.

Output

• Digital
• Analog

Design

• Hollow Shaft Encoders
• Solid Shaft Encoders

Size

• 31 mm - 70 mm
• Less than 30 mm
• 71 mm - 100 mm
• More than 100 mm

Technology

• Optical
• Magnetic
• Photoelectric

End User

• Industrial
• Automotive
• Aerospace
• Medical
• Printing
• Food and Beverage
• Oil and Gas
• Consumer Electronics
• Textile
• Others

 Encoder Market Regional Analysis/Insights

The encoder market is analyzed and market size insights and trends are provided by country type, product type, output, size, design, technology and end user as referenced above.

The countries covered in the encoder market report are report  China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

Asia-Pacific is projected to witness significant growth in the encoder market due to the increase in the industrial automation. China is dominating the Asia-Pacific encoder market owing to fastest growing manufacturing hub and increasing adoption of digital technologies in businesses. Furthermore, the increasing requirement for compact devices to adopt advanced technology is further projected to drive the encoder market growth in this region in upcoming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Encoder Market Share Analysis

The encoder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to encoder market.

Some of the major players operating in the encoder market are:

• Rockwell Automation, Inc. (U.S.)
• Dynapar (U.S.)
• OMRON Corporation (Japan)
• Baumer (Switzerland)
• ifm electronic gmbh (Germany)
• Sensata Technologies, Inc. (U.S.)
• FAULHABER GROUP (U.S.)
• Pilz GmbH & Co. KG (Germany)
• YUEQING YUMO ELECTRIC CO.,LTD (China)
• Hans Turck GmbH & Co. KG (Germany)
• Hengstler GmbH (Germany)
• POSIC (Switzerland)
• Micronor Sensors (U.S.)
• Wachendorff Automation GmbH & Co. KG (Germany)
• Renishaw plc. (U.K.)
• HEIDENHAIN (Germany)
• Celera Motion (U.S.)
• maxon. (Switzerland)
• HONTKO CO., LTD. (Taiwan)
• FRABA B.V. (Netherlands)
• Pepperl+Fuchs (Germany)
• SIKO GmbH (Germany)

Research Methodology: Asia-Pacific Encoder Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

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