The market for Rotary Encoder is forecast to reach $1,101.08 million by 2025, growing at a CAGR of 4.7% from 2020 to 2025. Rotary encoders are mostly used to monitor the motor shaft path on permanent magnet motors, which are often used in robots, CNC machines and various industrial applications. Developments in computing power and networking technologies have made installing and maintaining robots cost-efficient and faster. Such factors and their impact on the growth of the robotics industry inturn contributing to the growth of rotary encoder market.
Report Coverage
The report: “Rotary Encoder Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Rotary Encoder market.
By Type: Optical, Magnetic, Mechanical, Capacitive
By Application: Test equipment, Material Handling, Machine tools, Motion systems, Robotics
By End-user: Automotive, Aerospace, Electronics, Healthcare, Manufacturing, Packaging, Others
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
APAC dominated the rotary encoders market with a share of approximately 37% in 2019, owning to growth in construction projects, automotive production and government initiatives such as “Made in China” and “Make in India” programs in the region.
Manufacturing industry is analysed to hold highest share in 2019 owing to the high adoption of various automation systems and robots for efficient make production and distribution easy and efficient.
Increasing adoption of industrial automation is analysed to be a key driving factor for the rotary encoder market.
Application - Segment Analysis
Machine tools application held the largest share in the Rotary Encoder market in 2019 and is anticipated to grow at a CAGR of 5.48% through the forecast period. Rotary encoders are used for exact sensing and positioning in the machine tool applications. A machine can locate the exact orientation of the axis and the commutation angle. As a result, the rotary encoders enable machines to achieve optimum performance and improve system accuracy. Thus, owning to these factors it is extensively used in this application. The robotics segment is analysed to grow at significant rate owing to the high adoption rate and increasing demand. As stated by International Federation of Robotics (IFR), from 2020 to 2022, around 2 million units of industrial robots are anticipated to be installed in factories around the world. These factors are set to boost the demand for rotary encoders owing to their high deployment in robots.
End user- Segment Analysis
Manufacturing industry held the largest share in the rotary encoders market in 2019 and is growing at a CAGR of 4.99% during the forecast period. Manufacturing applications have encoders that are constantly subject to humidity, dust, or liquid. Encoder housings that resist chemical and corrosive materials are suitable for use in manufacturing. They require stainless steel housings and temperature resistance. Production lines require encoders for their machinery to deliver accuracy, reliability, compactness and compatibility with various upgraded machines. Adding to this, the significant deployment of rotary encoders in the automotive sector for speed control applications is set to further escalate the market growth rate. The significant rise in the expansions is set to boost the market growth rate. In January 2020, Toyota has announced to invest $700M in the expansion of its production plant in US. In September 2019, Toyota Motor Corporation has announced to expand its facility in Brazil with an investment of $190M to increase the production.
Geography - Segment Analysis
In 2018, APAC dominated the Rotary Encoder market, followed by North America and Europe. The economy of APAC is majorly influenced by the major countries such as China and India. In 2018, China's annual vehicle production accounted for more than 30 percent of the world's vehicle production, which exceeds that of the European Union, or the United States and Japan combined. India's food & grocery market is the sixth biggest in the country. Food & Grocery retail in India also accounts for nearly 65% of India's total retail market. The Government of India is also taking all necessary measures through the Ministry of Food Processing Industries (MoFPI), to raise investment in the food processing industry. The Government has approved 39 Mega Food Parks (MFPs) under the Mega Food Park Scheme. Therefore the significant deployment of the rotary encoders in the packaging applications is set to impact on the market growth rate during the forecast period 2020-2025.
Drivers –Rotary Encoder Market
Increasing industrial automation
Digitization and Industry 4.0 revolution have significantly stimulated the adoption of automation among various industries, by necessitating the use of smarter and automated solutions, such as robotics and control systems, to improve production processes. Factory automation reduces production, operation, and labour costs. Therefore, its implementation in various industries has increased such as automotive, aerospace, packaging, healthcare, electronics, and others. Further, the Chinese government’s programs, such as the Made in China 2025 plan, are promoting technology R&D in factory automation and their investments.
Growing automotive industry
Rotary encoder is a type of position sensor which is used in providing electrical outputs which are relative to shaft rotation which measures the angles precisely, pedal position. In automotive industries, these sensors are used in throttle position control, steering wheel position control, gear position control, wiper motor control, headlamp position control, seat position motor, side mirror control, compact input device (mode selector, control volume), rotary switch and others. According to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally, and the number will increase up to 125 million by 2030. Therefore, the growth in automotive industry will drive rotary encoder market growth.
Challenges – Rotary Encoder Market
Dearth of product differentiation
One of the restraining factors in the rotary encoders market is the lack of product differentiation. Rotary encoders have substantial number of applications with varied potential, thus buyers procure these products in bulk, as they are used in huge volumes in electronics, aerospace, automotive and other industries. As a number of key players offer similar technological products, there are numerous options for the buyers to buy from. Thus, creating pricing pressure on manufacturer that helps to compete with large manufacturers for high volume of these products. Thus, the pricing pressure on manufacturer’s acts as a challenge.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Rotary Encoder market. Rotary encoder market is expected to be dominated by major companies such as Honeywell International Inc., Renishaw PLC, TE Connectivity, Bourns, Dr. Johannes Heidenhain GmbH, Hans Turck GmbH & Co. KG, Kubler group, Baumer Electric AG, Nemicon Corp., Pepperl+Fuchs among others.
Acquisitions/Technology Launches
In November 2019, Renishaw PLC has launched two new encoders for both linear and rotary applications.
In July 2019, Nemicon Corp., launched N33MA, N35ST, N35MA series of absolute encoders.
But, an analysis of the regional market business insights states APAC as the most lucrative marketplace in terms of global demand.
In China, for automotive it is essential to clear CCC certification (China Certification Corporation) for the safety of the passenger vehicles.As per an analysis by India Brand Equity Foundation, Indian automotive industry managed to attract FDI worth $20.85 billion from 2000-2018.
OSS Market Trends and Growth Drivers:Increasing sales of premium vehicles has augmented an influx of investment in R Automotive manufacturers are working towards the amalgamation of sensors with occupant’s brain waves.
These sensors could also give instant information to the sensors when the driver is about to make any sudden driving action like braking and turning hence making the process more efficient, precise and safe.
If the occupant has any sudden health issues like heart attack, panic attack, the sensors detects the occupants ailment which are linked to cloud based internet services that will spontaneously redirect the information to any healthcare or emergency facilities nearby.
In 2017, Delphi Automotive plc, a global leader in OSS market confirmed an agreement with Great Wall Motor Co., a Chinese automotive giant for supplying occupant sensing systems along with scanners and radar for latest SUV models output by Great Wall Motor Co. Occupant Sensing System Market Challenges:One of the major challenge hindering the market growth is the exuberant pricing of vehicles loaded with cutting-edge technology such as OSS.
Nanocoatings Market Overview:The global nano-coatings market is estimated at over $6.4billion in 2016.Europe and North America is leading in nanocoatings market.
It is due to the strict regulatory norms on eco-friendly coatings, with low content of VOC.
Nanocoatings Market Outlook:Automotive segment has the highest market share in Nanocoatings market.It is because of the increase in several types of nanocaotings.
Also the lack of standardized market and quality benchmark establishment are challenging factors that the market is facing.Nanocoatings MarketResearch Scope:The base year of the study is 2017, with forecast done up to 2023.
The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies.
The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis.
The global shape-memory polymer market size was valued at USD 392. Rising demand for aerospace and automobile segments is expected to fuel market growth in the coming years. About Growth Market Reports:GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. com Follow Us: LinkedIn | Twitter
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The Shape Memory Alloys market 2021 research report gives emerging industry data, global segments and regional outlook. The key players in the shape memory alloys market include ATI Wah-chang, Baoji Seabird Metal, Dynalloy, Fort Wayne Metals, Furukawa Electric, G. Get more information on "Global Shape Memory Alloys Market Research Report" by requesting FREE Sample Copy at https://www. By Product· Nickel-Titanium (Ni-Ti)· Copper Based· Fe-Manganese-Silicon (Fe-Mn-Si)· OthersBy Application· Medical· Aircraft· Automotive· Home· OthersRegional AnalysisFurthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for shape memory alloys in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase complete Global Shape Memory Alloys Market Research Report at https://www.
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According to the new market research report by MarketsandMarkets, the global pedicle screw systems market is expected to reach USD 724.23 million by 2023 from USD 538.64 million in 2018, at a CAGR of 6.1%.The pedicle screw systems market is segmented into monoaxial, polyaxial, and other pedicle screw systems.
In 2018, the polyaxial pedicle screw systems segment is estimated to command the largest share of the pedicle screw systems market.
The large share of this segment can be attributed to the increasing incidences and prevalence of spinal cord injuries.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98811670The major factors driving the growth of this market are the increasing incidence of spinal cord injuries, the growing preference for minimally invasive surgeries, and a rising geriatric population.Region Covered in Pedicle Screw System Market :The market is dominated by North America, followed by Europe.
North America will continue to dominate the market during the forecast period.
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Global Industrial Protective Fabrics market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period.
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The Shape Memory Alloys Global Market Report 2023, provides comprehensive information on the shape memory alloys market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The shape memory alloys market size is expected to grow to $21. id=6263&type=smpThe shape memory alloys market is segmented:By Product TypeSheetsWiresTubesRodsSpringsBy MaterialNickel-TitaniumCopper-basedIron-basedSilver-basedGold-basedCobalt-basedBy End-Use IndustryBiomedicalAerospace AndDefenceAutomotiveConsumer ElectronicsHome AppliancesTop Major Players:SAES Getters S. The table of contents in TBRC’s shape memory alloys market report includes:1. AppendixList of Tables:Table 1: Global Historic Market Growth, 2017-2022, $ BillionTable 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ BillionTable 3: Global Shape Memory Alloys Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionTable 4: Global Shape Memory Alloys Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionTable 5: Global Shape Memory Alloys Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion…………………………………………………………………………Table 46: SAES Getters S.
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The Electronic Adhesives Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The study offers a decisive view of the global electronic adhesives market by segmenting it in terms of product.
The report analyzes these subsets with respect to the regional segmentation.
This research study will prepare marketers for the evolving needs of their customers.Request a FREE Sample Copy of Electronic Adhesives Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/electronic-adhesives-market/download-sampleBy ProductElectrically Conductive AdhesivesThermally Conductive AdhesivesUV Curing AdhesivesOthersThis research report also includes profiles of major companies operating in the global market.
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Market Forecast :The increased spending on luxurious items such as wine is foreseen to promote the global wine market.
The food, beverages & nutrition reports are made by Market Research Future, which includes market options for expansion.
The development of more flavourful cultivars for winemaking is estimated to create an encouraging backdrop for the wine market.
The development of several destinations for wine tasting holidays is predicted to lift the wine market further.Competitive Analysis The policies established in the different regional markets are projected to spur the market in the approaching period.
The conditions in the market are assessed to be austere at first but are predicted to recover in the forthcoming years, according to the Covid-19 ABC market analysis.
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Fatty Alcohols market outlook to 2026 report includes the latest predictions of global Fatty Alcohols market along with geography, therapy area and applications.
The report specifically focuses on different types of Fatty Alcohols with a special attention of their emergence over the forecast period to 2026.Browse Fatty Alcohols Market Research Report @ https://www.oganalysis.com/industry-reports/212195/fatty-alcohols-market The research report provides objective measures to tap into the future opportunities that will be available over the next six years.
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This baby smart game increases the memory power of little kids so it helps the kids recognize more things like shapes, colors and etc.
Smart Kids - Match Shapes have best learning environment because it has the best animal and other animations for put smile on kids face.
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According to the new market research report by MarketsandMarkets, the global pedicle screw systems market is expected to reach USD 724.23 million by 2023 from USD 538.64 million in 2018, at a CAGR of 6.1%.The pedicle screw systems market is segmented into monoaxial, polyaxial, and other pedicle screw systems.
In 2018, the polyaxial pedicle screw systems segment is estimated to command the largest share of the pedicle screw systems market.
The large share of this segment can be attributed to the increasing incidences and prevalence of spinal cord injuries.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98811670The major factors driving the growth of this market are the increasing incidence of spinal cord injuries, the growing preference for minimally invasive surgeries, and a rising geriatric population.Region Covered in Pedicle Screw System Market :The market is dominated by North America, followed by Europe.
North America will continue to dominate the market during the forecast period.
The rising geriatric population and increasing incidence of spinal disorders in this region are the major factors supporting the growth of the pedicle screw systems market in North America.Get 10% Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=98811670By product type, the pedicle screw systems market is segmented into monoaxial, polyaxial, and other pedicle screw systems.
The large share of this segment can be attributed to the increasing incidences and prevalence of spinal cord injuries.On the basis of surgery type, the Monoaxial Pedicle Screw System market has been segmented into open surgery and minimally invasive surgery.
According to research report the global dental devices market is projected to reach USD 7.52 billion by 2021 from an estimated USD 5.93 billion in 2016, at a CAGR of 4.9%Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=784Factors such as the rapidly growing elderly population, increasing incidence of dental caries and other periodontal diseases, and growing demand for cosmetic dentistry are driving the growth of the dental equipment market.
During the forecast period, Europe holds the largest share of this market.
The major factors driving the growth of the European dental equipments market include the rising geriatric population, growing governmental expenditure on oral healthcare across Europe, and the high reimbursement rate in Germany, Sweden, and the Netherlands.Based on product, the dental devices market is split into general dental equipment, dental diagnostic equipment, and dental therapeutic equipment.
Improvements and enhancements in product designs have facilitated the provision of better dental care services to patients.
The availability of portable and integrated solutions enables differentiation in dental practices.
The growing demand for the innovative dental products is expected to propel the growth of this market segment.Danaher Corporation (U.S.), Planmeca OY (Finland), Dentsply Sirona (U.S.), and Carestream Health, Inc. (U.S.) held a major share of the dental equipment market.
"Global Luggage Market” Orbis Research recently announces this research report with the analysis of crucial factors of the Luggage industry based on present situations, demands, business strategies adoption, major players and their growth scenarios.
The growing Luggage demand has provided a major boost to the Global Luggage Market as more companies are shifting their preferences to this growing sector.
The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2018 up to 2023.
The global Luggage market report covers every aspect of the market including statistics and key insights for the customers.
Luggage consists of bags, cases, and containers which hold a traveller's articles during transit.The modern traveller can be expected to have packages containing clothing, toiletries, small possessions, trip necessities, and on the return-trip, souvenirs.
Get a sample of Global Luggage Market report at http://www.orbisresearch.com/contacts/request-sample/2334805 .