Dublin, May 11, 2023 (GLOBE NEWSWIRE) -- The "Optical Encoders: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Optical Encoders Market to Reach $4.4 Billion by 2030
The global market for Optical Encoders estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$4.4 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2022-2030.
Absolute Encoder, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$3.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Incremental Encoder segment is readjusted to a revised 8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $566.3 Million, While China is Forecast to Grow at 11.3% CAGR
The Optical Encoders market in the U.S. is estimated at US$566.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$982.5 Million by the year 2030 trailing a CAGR of 11.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 8.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 315 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.2 Billion |
| Forecasted Market Value (USD) by 2030 | $4.4 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Industrial Activity Remains Subdued, Inducing Weakness into the Market
- Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
- COVID-19 Presents Breathers for Optical Encoders Market, despite Production Glitches
- Optical Encoders - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Optical Encoders: Using Light to Determine Accurate Position & Motion of Motors
- Classification of Encoders
- Operating Principle
- Absolute Encoders: Scoring High over Incremental Counterparts
- Global Market Prospects & Outlook
- Major Growth Factors and Restraints
- Analysis by Product Type: Absolute Optical Encoder Claims Sizeable Share
- World Optical Encoders Market by Product Type (2021 & 2027): Percentage Breakdown of Sales for Absolute Encoder, and Incremental Encoder
- Analysis by End-Use Sector: Consumer Electronic Segment Dominates, while Healthcare to Create New Opportunities
- Competitive Scenario
- Recent Market Activity
- Select Global Brands
MARKET TRENDS & DRIVERS
- Machine Health Monitoring Made Easier with Optical Encoders
- Sustained Emphasis on Industrial Automation to Drive Demand
- Growing Uptake of Industrial Robotics Bodes Well
- Rising Footprint of Robotics in Automotive Sector to Underpin Revenue Growth
- Machine Tools: An Established Market for Optical Encoders
- Rising Demand for SMT Equipment Promotes Growth
- SMT: Key Applications in Select End-Use Sectors
- Prevailing Trends in the SMT Equipment Domain Influence Market Prospects
- Consumer Electronics & Semiconductors: Key End-Use Segment
- Encoders Essential for Accurate Positioning in Medical Equipment
- Market to Gain from Growing Importance of IoT
- Encoders with Advanced Signal Processing Algorithms & Miniature Designs Seek to Widen the Footprint
FOCUS ON SELECT PLAYERS (Total 70 Featured)
- Allied Motion Technologies Inc.
- Bourns Inc.
- Broadcom Ltd.
- Codechamp SA.
- Dynapar Corporation
- GrayHill Inc.
- Honeywell International, Inc.
- Panasonic Corporation
- Renishaw PLC
- Rockwell Automation Inc.
- Sensata Technologies, Inc.
- Siemens
- TE Connectivity
- Tokyo Sokuteikizai Co., Ltd.
- US Digital
For more information about this report visit https://www.researchandmarkets.com/r/gm8y9h
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