Research Nester published a report titled “Motion Control Encoders Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global motion control encoders market in terms of market segmentation by type, application and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth indicators,
restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.
The
global motion control encoders market is anticipated to grow with a CAGR of ~5%
during the forecast period, i.e., 2022-2031. The market is segmented by type
into incremental encoders and absolute encoders. Out of these segments, the absolute
encoders segment is anticipated to garner the largest market share over the
forecast period, owing to the increasing volume of sales in automotive industry.
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The
global motion control encoders market is estimated to garner a moderate revenue
by the end of 2031, backed by the increasing automation worldwide. Various
features provided by motion control encoders, such as sending a feedback signal that can
be used to determine position, direction count, or speed are
also projected to boost sales of these encoders in the coming years. Moreover, growing
textile industry as well as increasing satellites is also projected to propel
the growth of the market during the forecast period.
Geographically,
the global motion control encoders market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. Out of these, the market in North America is estimated to
garner the largest market share over the forecast period, owing to the growing
marine transportation and maritime network.
Apart
from this, the market in Europe is anticipated to register significant growth
in the coming years.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Increasing
Adoption of Robotics Technology to Drive the Market Growth
According
to the data, there was an estimated ~373,000 units sales of new robots globally in 2019.
The
usage of motion control encoders in robotics is expected to accelerate the
market growth in the coming years, as there is surge in the demand for robots
to step forward in automation across diverse industries. Moreover, the
increasing technological advancements as well as the increasing use of
industrial and medical robots are also expected to drive the growth of the
global motion control encoders market during the forecast period.
However,
the challenges in choosing
the right motion feedback solution as well as concern about the functional
safety issues are expected to operate as key restraints to the
growth of global motion control encoders market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the of global motion control encoders market which includes company
profiling of TE
Connectivity (TE), British Encoder Products Company, Broadcom Inc., Renishaw
plc, Novanta
Inc., Dynapar
Corporation, Sensata Technologies Inc., Rockwell Automation, Inc., Leine & Linde AB, RG Speed Control Devices Ltd. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the of global motion
control encoders market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
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