Rotary
encoder is an electro-mechanical device that converts
the angular motion of shaft in a digital or analog code which depends on the rotational
movement. It is also known as shaft encoder. It is generally being attached
with a microprocessor. It is classified on the basis of two factors: sensing
technology and output signal. It is frequently used to track the path of a
motor shaft on permanent magnet motors that are generally used in industrial
controls, special purpose photographic lenses, computer input devices,
controlled stress rheometers, robotics, and rotating radar platforms. Rotary encoder
is also used for sensing in countless applications. It is applied on various
machines ranging from elevators, consumer electronics, and conveyor speed
monitoring to position administration on automated industrial machines. It
traces the turning of motor shafts to produce digital position & motion
related data.
According to study, “Global Rotary Encoders Market 2019 by Manufacturers,
Regions, Type and Application, Forecast to 2024” the key
companies operating in the global rotary encoders market are Heidenhain, Baumer,
Danaher, Leine & Linde, Tamagawa, TR Electronic, Nemicon, Omron, P+F, Rep
Avago, Kubler, Yuheng Optics, Koyo, BEI, Sick. Key players are increasingly
experiencing accomplishments owing to various factors such as technology-based
solutions, high investments in research & developmental activities
(R&D), and the ability to provide customized rotary encoders.
Based on type, rotary encoders market is
segmented into incremental rotary encoders and absolute rotary encoders (optical
absolute rotary encoders, mechanical absolute rotary encoders and magnetic
absolute rotary encoders). The output of incremental encoders gives data &
information concerning the motion of the shaft, which is
generally processed later on into information like distance, speed, and
position. Whereas, the output of absolute encoders usually shows the existing
position of the shaft, eventually giving rise to angle transducers. Based on
turn type, market is segmented into single-turn and multi-turn. Multi-turn rotary
device provides actual position over multiple revolutions as well as incorporates
internal gearing and are the most bulky & expensive solution. Based on
marketing channel, market is segmented into direct marketing, indirect
marketing and rotary encoder customers. In addition, based on application,
market is segmented into elevator industry, motor, machine tool, food &
packaging and others.
The rotary
encoders market is driven by increase in industrial automation, followed by
rise in use of rotary encoders in automobiles sector and growth in adoption of
rotary encoders in aerospace industries. However, lack of product
differentiation may impact the market. Moreover, rise in demand for electronic
position sensing devices across several industry verticals is a key opportunity
for market.
Based on geography, the European region holds
major share in rotary encoders market owing to various application across
different industries such as robotics, machine tools, material handling, and
others in the region. Whereas, the Asian-Pacific and North-American regions are
estimated to witness higher growth rate due to growth in technologies in automotive
industry over the forecasts period. The worldwide market is projected to grow
at a CAGR of approximately 8.9% over the next five years, will reach US $2480
million in 2024, from US $1490 million in 2019.
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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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