Rotary encoder Market - Forecast(2021 - 2026)

 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.

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Location: United States

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