Rotary encoder, also commonly known as a shaft encoder, are electromechanical devices used for sensing in a myriad of applications — on motors paired with drives and automated machinery for everything from automotive, elevators, and conveyor speed monitoring to position control on automated industrial machines and robotics. Increasing demand for rotary encoder in automobiles and growing trend of industrial automation are expected to remain the two key growth drivers for rotary encoders during the period of study.
Geographically, Asia-Pacific dominated the rotary encoder market driven by higher demand and consumption of rotary encoders in end-use industries. Asia-Pacific was followed by North America and Europe as second and third largest market for rotary encoder market. Asia Pacific is projected to have the fastest growth, owing to rapidly expanding end-user industrial base in developing nations such as China and India in this region.
This report identifies the rotary encoder market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the rotary encoder market.
This report segments the rotary encoder market on the basis of type, application, industry and regional market as follows:
- Rotary encoder market research report is classified on the basis of type. Some of the major types covered in this report are as follows: Optical rotary encoder, Magnetic rotary encoder, Mechanical rotary encoder, Capacitive rotary encoder.
- Rotary encoder market research report is classified on the basis of application. Some of the major applications covered in this report are as follows: Test equipment, Material handling, Machine tools, Motion systems, Robotics.
- Rotary encoder market research report is classified on the basis of product industry. Some of the major industries covered in this report are as follows: Automotive, Aerospace, Electronics, Healthcare, Manufacturing, Packaging.
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.
Sample Companies profiled in this Report are:
- AMS AG
- Honeywell International Inc
- MTS Systems Corporation
- Renishaw PLC.
- TE Connectivity Ltd