Optical Encoder Market

An optical encoder is an electromechanical device with mechanical input and electrical output. It provides multiple digital signals proportional to angular displacement of the input shaft. Optical encoders are commonly used in motion control systems to control and monitor speed, position, count and direction of components and machinery and equipment where it is installed. Optical encoder operation has no effect on the magnetic field and can be used in both stable, and unstable environments.
Optical Encoder Market contains market size and forecasts of Optical Encoder in global, including the following market information:
Global Optical Encoder Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Optical Encoder Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Optical Encoder companies in 2021 (%)
The global Optical Encoder market was valued at 1371.2 million in 2021 and is projected to reach US$ 1586.5 million by 2028, at a CAGR of 2.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Incremental Encoders Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Optical Encoder include Broadcom, BEI Sensors, Renishaw, Hengstler, Dynapar, Baumer Group, Tokyo Sokuteikizai, CTS and Allied Motion, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Optical Encoder manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Optical Encoder Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Optical Encoder Market Segment Percentages, by Type, 2021 (%)
Incremental Encoders
Absolute Encoders
Global Optical Encoder Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Optical Encoder Market Segment Percentages, by Application, 2021 (%)
Healthcare
Machine tool
Consumer Electronics
Assembly equipment
Other
Global Optical Encoder Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Optical Encoder Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Optical Encoder revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Optical Encoder revenues share in global market, 2021 (%)
Key companies Optical Encoder sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Optical Encoder sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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