Global Digital Encoders Market by Type (Optical Type, Magnetic Type), By Application (Healthcare, Machine Tool, Consumer Electronics, Assembly Equipment, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Digital Encoders Market size is projected to grow at a CAGR of 8.1% during the forecast period (2016-2028) and reach USD X, XXX million by 2028 from an estimated value of USD 2,537 million in 2016. The market has been segmented on the basis of type, application, and region. The magnetic encoder was the most widely used type accounting for over 40% share in 2016.

A digital encoder is a device that converts analog signals to corresponding digital forms and vice versa. It can also convert the unlimited number of input channels into multiple output channels with any given channel count, resolution, accuracy, or speed. Digital encoding devices are used in machine tools for closed-loop position control applications such as surface grinding machines (SG). The features of a digital encoder include high accuracy, precision, and resolution. They are compact in size and have the ability to operate in harsh environmental conditions. Digital encoders also offer benefits such as low cost of ownership, easy installation and maintenance, and flexibility.

On the basis of Type, the global digital encoders market is segmented into Optical Type and Magnetic Type.

Optical Type:

An optical encoder is a device that measures and provides data on the angular displacement of an object. It consists of two parts: One is the measurement component; the other one is the output signal processing part. An optical type digital encoder typically contains a light source, such as an LED, and a photosensor, which is usually a photodiode. The light from the LED shines on the target code wheel or disk and the sensor detects the reflected light. As the target code wheel or disk turns, different parts of it pass in front of the light beam. The encoder is able to measure the time interval between transmitted and reflected pulses of light, i.e., it can tell how far the code wheel or disk has rotated by counting the number of high-to-low (or low-to-high) transitions in this signal. Optical digital encoders are advantageous because they typically have no moving parts and are therefore reliable, quiet, and can operate at high speeds.

Magnetic Type:

The Magnetic digital encoders are the ones that use the magnetic field to detect the position of a target. The sensor head is mounted on a carriage, and as this moves past one or more magnets, it induces a current in a sensing coil which can be converted into an electrical signal. This signal can then be processed to determine the position of the carriage. A digital encoder using a magnetic sensor works by creating a rotating field that is detected by the sensor. The output of the sensor is then used to track rotation and position. This type of digital encoder is less expensive than an optical encoder, but it can be prone to noise interference. Magnetic type digital encoders are used in a wide variety of applications, including healthcare devices, machine tools, and consumer electronics assembly equipment. They are also found in other industries such as automotive and aerospace.

On the basis of Application, the global digital encoders market is segmented into Healthcare, Machine Tool, Consumer Electronics, Assembly Equipment, and Others.

Healthcare:

The healthcare industry is one of the most important sectors that use digital encoders. Digital encoders are replacing mechanical sensors in many areas of healthcare including patient monitoring, medical imaging, and surgical robotics. The main application areas for these devices in this sector are medical equipment and patient care. In medical equipment, digital encoders are used in a variety of ways such as measuring vital signs, controlling drug infusion pumps, and providing motion feedback for prosthetic limbs.

Machine Tool:

In the Machine tool industry, digital encoders are used to measure various parameters of a machine. For example: In order to determine the speed and feed rate of a drill press in an automated machining cell, it is necessary for an automatic control system that computes these variables based on measurements from instrumented axes. Digital encoder signals provide the feedback necessary for closed-loop control of machine motion.

Consumer Electronics:

Digital encoders are used in the Consumer Electronics industry to accurately measure linear or angular displacement. The output of a digital encoder is a square wave that can be counted by a microcontroller to determine position. This information can then be used to control motors, lamps, and other devices in a consumer electronics device. In addition, many digital encoders include an optical or magnetic sensor that can be used to detect the presence of an object. This feature can be used in consumer electronics devices to create a "smart" home automation system. For example, a digital encoder could be used to control a motor that opens and closes a curtain based on the time of day.

Assembly Equipment:

Assembly equipment is machines that join or attach two or more parts together to make a complete product. In the automotive industry, for example, an assembly machine may be used to weld car doors onto the frame of a vehicle. Digital encoders are sensors that provide feedback about the position and movement of an object in three-dimensional space. They are often used in assembly equipment to determine where the motor should move next.

On the basis of Region, the global digital encoders market is segmented into North America, Europe, Asia Pacific, and Latin America. The Asia Pacific is expected to be the fastest-growing region during the forecast period. The Asia Pacific is further divided into countries such as India, China, and Japan. This region has also been one of the most vibrant markets for digital encoders over the years owing to steady economic growth along with growing demand from end-user industries like the automobile and healthcare sectors. In terms of value, Asia Pacific is estimated to dominate the global digital encoders market throughout the analysis period. The Latin American market for digital encoders is expected to grow at a CAGR of around 16% during the forecast period. Digital encoder manufacturers are focusing on expanding their production capacity in countries such as Brazil and Mexico, which offers huge potential opportunities for players operating in this region.

Growth Factors For The Global Digital Encoders Market:

The growth factors for the global digital encoders market include the increasing demand for automation across different industries, rising adoption of Industry 4.0 and IIoT concepts, and growing need for high-precision position tracking. Increasing demand from end-use industries such as healthcare, machine tool, consumer electronics, and assembly equipment is also expected to drive the growth of the digital encoders market in the coming years.

Up Market Research published a new report titled “Digital Encoders Market research report which is segmented by Types (Optical Type, Magnetic Type), By Applications (Healthcare, Machine Tool, Consumer Electronics, Assembly Equipment, Other), By Players/Companies Cisco, 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”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Digital Encoders Market Report Segments:

The market is segmented by Type Optical Type, Magnetic Type and By Application Healthcare, Machine Tool, Consumer Electronics, Assembly Equipment, Other.

Some of the companies that are profiled in this report are:

1. Cisco
2. Broadcom
3. BEI Sensors
4. Renishaw
5. Hengstler
6. Dynapar
7. Baumer Group
8. Tokyo Sokuteikizai
9. CTS
10. Allied Motion
11. EPC
12. US Digital
13. CUI
14. Omron
15. Heidenhain
16. Bourns
17. Grayhill
18. Gurley
19. Honeywell
20. Honest Sensor Corporation
21. HONTKO

Digital Encoders Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Digital Encoders Market

Overview of the regional outlook of the Digital Encoders Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Digital Encoders Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Digital Encoders Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Optical Type

                2. Magnetic Type

                1. Healthcare

                2. Machine Tool

                3. Consumer Electronics

                4. Assembly Equipment

                5. Other

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Digital Encoders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Digital Encoders Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.