A rotary encoder, also called a shaft encoder, is an electro-mechanical device that converts the angular position or motion of a shaft or axle to an analog or digital code. There are two main types- absolute and incremental (relative).
Absolute rotary encoders provide a distinctly coded numerical value for each shaft position. In positioning tasks in particular, the absolute encoders relieve the controller of computation tasks and keep costs down by eliminating the need for additional input components.
Moreover, reference runs when the machine is switched on or after power failures are no longer required as the current position value is available immediately. Parallel absolute encoders transmit the position value to the analyzing electronics through several parallel cables. Serial absolute encoders transmit their output data via standardized interfaces and protocols.
Absolute rotary encoders industry is relatively concentrated, manufacturers are mostly in the Japan, Europe and North America. Among them, Europe output value accounted for more than 45.71% of the total output value of global absolute rotary encoders in 2016. Heidenhain is the world leading manufacturer in global absolute rotary encoders market with the market share of 17.85%, in terms of revenue.
With the increasing in production capacity, expected that the absolute rotary encoders raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of absolute rotary encoders.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
According to this study, over the next five years the Absolute Rotary Encoders market will register a 7.2% CAGR in terms of revenue, the global market size will reach USD 13100 million by 2024, from USD 8670 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Absolute Rotary Encoders business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Absolute Rotary Encoders market by product type, application, key manufacturers and key regions and countries.
This study considers the Absolute Rotary 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.
Multi-Turn
Single-Turn
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
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Heidenhain
Tamagawa
Nemicon
P+F
TR Electronic
Baumer
Kuebler
Danaher (Hengstler)
Omron
Koyo
BEI
Sick
Yuheng Optics
ELCO
Wuxi CREATE
Roundss
Sanfeng
Shanghai HOUDE
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 Absolute Rotary 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 Absolute Rotary Encoders market by identifying its various subsegments.
Focuses on the key global Absolute Rotary Encoders manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Absolute Rotary 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 Absolute Rotary 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.
