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Motion Control Encoders Market Analysis by Type (Incremental Encoder and Absolute Encoder); and by Application (Automotive, Medical Robotics, Food and Beverage Industry, Textile Industry, General Factory Automation, Robotics, Consumer Electronics, Marine Industry and Satellites)– Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • British Encoder Products Company introduced the NEW Model A58SB absolute bus encoder in both single and multi-turn resolution, which is designed for harsh factory and plant floor environments. As an absolute encoder, it is especially suited to applications where an encoder needs to retain position information after power-off scenarios.
  • TE Connectivity (TE) introduced the KMA36 Magnetic Encoder IC, based on Anisotropic Magnetoresistive (AMR) technology. It is a precise universal magnetic Encoder IC for rotational or linear measurement with resolution up to 15 bit. It offers a sleep mode (reduced power) over I²C and programmable parameters, providing options for a wide range of configurations.

Global Motion Control Encoders Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global motion control encoders market is estimated to garner a revenue of ~USD 22 billion by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 15 billion in the year 2021. The growth of the market can primarily be attributed to the growing number of satellites communications with the surge in the number of satellites worldwide. For instance, it was found that, a total of 4,852 satellites circled the earth by the end of 2021.

Motion-Control-Encoders-Market-Future

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A sensing device that provides feedback can be termed as an encoder. Encoder sensors are a type of mechanical motion sensor that create a digital signal from a motion. It is an electro-mechanical device that provides users (commonly those in a motion control capacity) with information on position, velocity and direction. There are two main types of encoder-linear and rotary. The motor encoder is a rotary encoder mounted to an electric motor that provides closed loop feedback signals by tracking the speed and/or position of a motor shaft. The demand for motion control encoders is on the rise amongst the commercial aerospace and defense industry, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global motion control encoders market during the forecast period. It was found that, the global commercial aerospace and defense (A&D) industry generated a revenue of more than USD 700 billion in 2021.

Global Motion Control Encoders Market: Growth Drivers and Challenges

Growth Drivers.

  • Upsurge in Medical Robotics – Motion control advances, have surged the demand for surgical robotics which is responsible for driving the motion control encoders market in the forecasted period. According to the International Federation of Robotics (IFR), medical robotics unit sales will reach 18,000 units in 2020, up from 7000 units in 2019.

  • Rising Textile Industries – The demand for motion control encoders, as encoders provide critical feedback for speed, direction, and distance. The boom in the textile industry is expected to propel the demand for motion control encoders. It was found that, the Indian textile industry was valued at more than USD 220 billion in the year 2021.

  • Increasing Investment in Robotics –As per statisitcs, robotic startup investments reached approximately USD 17 billion in 2021.
  • Growing Automation in Manufacturing Industry – It is estimated that, the use of automation in 3 key industries including manufacturing will contribute over USD 15.5 trillion to the world economy by 2030.

Challenges

  • Challenges in Choosing the Right Motion Feedback Solution
  • Concern about the Functional Safety Issues
  • Catering Customized Solutions

The global motion control encoders market is segmented and analyzed for demand and supply by type into incremental encoder, absolute encoder. Amongst these segments, the absolute encoder segment is anticipated to garner the largest revenue by the end of 2031, backed by the growing sale of all products of automotive sector including cars worldwide. For instance, it was observed that, globally, automotive industry’s unit sales volume (including cars) reached around 78 million units in 2022.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Motion Control Encoders Market Regional Synopsis

Regionally, the global motion control encoders market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031, backed by the presence of a strong maritime network in the region as well as the rising economy generated from marine transportation. For instance, according to the data found, in 2022, ships move about UDS 1.5 trillion in and out of United States ports annually, also ~75% of all trade involved some form of marine transportation.

Motion-Control-Encoders-Market-Scope

The global motion control encoders market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global motion control encoders market includes the following segments:

By Type

  • Absolute Encoder
  •  Incremental Encoder

By Application

  • Automotive
  • Medical Robotics
  • Food and Beverages Industry
  • Textile Industry
  • General Factory Automation
  • Robotics
  • Consumer Electronics
  • Marine Industry
  • Satellites

Top Featured Companies Dominating the Global Motion Control Encoders Market

  •  TE Connectivity Corporation (TE)

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • British Encoder Products Company
  • Broadcom Inc.
  • Renishaw plc
  • Novanta Inc.
  • Dynapar Corporation
  • Sensata Technologies Inc.
  • Rockwell Automation, Inc.
  • Leine & Linde AB
  • RG Speed Control Devices Ltd.

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