Global Linear Encoders Market growing at a CAGR of 8.7% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
The Global Linear Encoders Market was valued at USD 921.16 million in 2022 and is expected to register a compound annual growth rate of 8.7% to reach USD 1,756.26 million in 2030.
The report highlights the increasing demand for automation in manufacturing processes to streamline business operations. Consegic Business Intelligence provides an inclusive research report on the linear encoders market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Linear Encoders Market By Overview
The report analyses significant segments such as type, output, application, end-user and region, to identify emerging trends and potential opportunities. The application segment is expected to grow due to the increasing adoption of linear encoders in printers to monitor the location of print-head during printing process. Moreover, the increasing adoption of linear encoders in CNC machining centres, milling machines, and grinding machines to provide information on the position of tools and workpieces is accelerating the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- The increasing demand for automation during manufacturing processes to streamline the business operations is driving the growth of the market.
- The increasing adoption of advanced machine tool technologies such as Computer Numerical Control (CNC) machining is accelerating the growth of linear encoders market.
- The rising demand for precise measurements in semiconductor industry is propelling the growth of the market.
Restraints:
- Environmental sensitivity of linear encoders is hindering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Optical Encoder, Magnetic Encoder, Capacitive, Inductive, Eddy Current Encoder, Incremental Linear Encoders, and Absolute Capacitive Linear Encoder |
| By Output | Analog and Digital |
| By Application | Coordinate Measuring Machines, Machine Tools, Laser Scanners, Digital Read Outs (DROs), Wire Bonders, Printers and Digital Presses, and Others |
| By End-User | Healthcare, Research Labs, Semiconductor Manufacturing, Industrial Processes, Metallurgy, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global linear encoders market is highly competitive due to the presence of major players such Baumer Group, Honeywell International, Maxon Motor AG, Newall Electronics Inc., OMRON Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in linear encoders market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Baumer Group
- Honeywell International
- Maxon Motor AG
- Newall Electronics Inc.
- OMRON Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Sensata Technologies, Inc.
- MEGATRON Elektronik GmbH & Co. KG
- NVE Corporation
- Heidenhain
- Renishaw plc.
- SICK AG
