Optical Encoder Market Worth 1420 Million USD Industry Globally by 2024 | CAGR 1.3%

Global Optical Encoders Market

An optical encoder is a type of encoder that uses a sensor to identify position change as light passes through a patterned encoder wheel or disk.
For many years, optical encoders have been the traditional choice for motion control. Optical encoders use line-of-sight sensing to create signals. It works when a light source splits into two 90-degree out-of-phase beams that pass through transparent, evenly spaced windows in a rotating optical disk.

Optical encoders downstream are wide and the main application fields are healthcare, machine tool, consumer electronics, assembly equipment and other. Globally, assembly equipment accounts for nearly 25.49% of total downstream consumption of optical encoders in global.

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According to the type, it can be divided into two kinds, incremental optical encoders, and absolute optical encoders. Incremental optical encoders are the main product, capturing about 67.82% of global consumption of optical encoders in 2017.

According to this study, over the next five years, the Optical Encoders market will register a 1.3% CAGR in terms of revenue, the global market size will reach US$ 1420 million by 2024, from US$ 1330 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Optical Encoders business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Optical Encoders market by product type, application, key manufacturers and key regions and countries.

This study considers the Optical Encoders value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Incremental Encoders
Absolute Encoders

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Healthcare
Machine Tool
Consumer Electronics
Assembly Equipment
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Broadcom
BEI Sensors
Renishaw
Hengstler
Dynapar
Baumer Group
Tokyo Sokuteikizai
CTS
Allied Motion
EPC
US Digital
CUI
Omron
Heidenhain
Bourns
Grayhill
Gurley
Honeywell
Honest Sensor Corporation
HONTKO
Yuheng Optics

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Optical Encoders consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Optical Encoders market by identifying its various sub-segments.
Focuses on the key global Optical Encoders manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Optical Encoders with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Optical Encoders submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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