Global Motion Control Encoders Market Definition
A sensing device that provides feedback can be termed an encoder. Encoder sensors are a type of mechanical motion sensor that creates 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.
There are mainly 2 types of encoders available in the market that are linear and rotary encoders. Linear encoders are used to measure and monitor the velocity of those entities that are moving in a straight line. On the other hand, rotary encoders help measure the rotation and velocity of rotating objects. Additionally, these encoders also facilitate angular and motor speed control. They have the capability of serving multiple working environments.
Additionally, several industries also use magnetic and optical encoders so they can obtain accurate results. DC motors with absolute encoders are used to monitor the speed of a particular device for better positioning.
Global Motion Control Encoders Market: Key Insights
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 15 Billion |
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Forecast Year Market Size (2035) |
~ USD 22 Billion |
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Regional Scope |
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Global Motion Control Encoders Market Size, Forecast, and Trend Highlights Over 2023 - 2035
The global motion control encoders market is estimated to garner a revenue of ~ USD 22 Billion by the end of 2035 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~ USD 15 Billion in the year 2022. The growth of the market can be attributed to the growing number of satellites worldwide along with the surge in satellite communications. Motion control encoders determine the movement of satellites whether it’s clockwise or anti-clockwise. Additionally, it also transmits the signals associated with the direction, position, speed, and count of satellites. For instance, it was found that a total of 4,852 satellites circled the earth by the end of 2021. Hence, it is one of the major factors anticipated to propel the market growth during the forecast period.
Trends in the global motion control encoders market, such as the increased demand for motion control encoders in the commercial aerospace and defense industries, are anticipated to provide significant opportunities for key market participants to generate revenue over the course of the forecast period. Both of these industries require automated process machinery, thus the equipment they use uses motion controls. Motion conversion motion transforms the equipment's motion into electrical signals, which are then read by motion control systems. The United States exported aerospace components worth close to USD 90 billion as of 2021. Over the course of the projection period, all of these factors are anticipated to boost the market growth.
Global Motion Control Encoders Market: Growth Drivers and Challenges
Growth Drivers
- Higher Adoption of Motion Control Encoders in Medical Robotics – 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 globally.
Motion control advances brought a significant revolution in robotics surgeries which is responsible for driving the motion control encoders market in the forecasted period. Motion control encoders are utilized in robotics since it provides precise feedback speed and angle. Optical encoders are remarkably used in medical robotics. Surgical robots are utilized by surgeons to perform surgeries with more precision. The surge in minimally invasive surgeries has triggered the demand for surgical robots which results in a high adoption rate of motion control encoders.
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Rising Textile Industries to Boost the Demand for Motion Control Encoders – 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 where nearly 110,000 metric tons of textile fibers were produced in a similar year across the globe.
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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. Nowadays, the adoption of robotic tools in the manufacturing industry is growing exponentially since it can boost the production rate.
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Increasing Investment in Robotics – As per statistics, robotic startup investments globally reached approximately USD 17 billion in 2021.
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Growing Global Commercial Aerospace and Defense (A&D) Industry – that generated a revenue of more than USD 700 billion in 2021 globally.
Challenges
- Concern about the Functional Safety Issues – which is of utmost importance in any motion control design. The acquisition of a functional safety certification process can be arduous. There can be some errors associated with the functionality of the motion control encoders which can create severe problems, especially in the medical field. Hence, this factor may hamper the growth of the market over the forecast period.
- Challenges in Choosing the Right Motion Feedback Solution
- Catering Customized Solutions
Market Segmentation
The global motion control encoders market is segmented and analyzed for demand and supply by type into the incremental encoder, and absolute encoder. Out of these segments, the absolute encoder segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing sale of all products in the automotive sector including cars worldwide along with rising demand for motion control systems. For instance, it was observed that, globally, the automotive industry’s unit sales volume (including cars) reached around 78 million units in 2022. Absolute encoders are marketed as feedback devices to provide information associated with position, speed, and others. Absolute encoders are used mainly for the single revolution of the shaft. Such factors are expected to hike the growth of the segment during the forecast period.
The global motion control encoders market is also segmented and analyzed for demand and supply by application into automotive, robotics, food & beverage, textile, consumer electronics, marine industry, and satellites. The robotics segment is expected to garner a significant share among these segments. Motion control encoders are heavily used in robotics to pick, handle, and pack applications. These processes require measured force sensing and adjustment. For precise motion feedback and control, motion control encoders are heavily used in robotics. Robotics are used for several purposes such as rehabilitation, cleaning, nursing, sterilization, transportation, and others. It is estimated that every year nearly 300,000 robots are marketed while nearly 2 million industrial robots are functioning globally. Additionally, in 2021, approximately 500,000 new industrial robots were launched worldwide.
Our in-depth analysis of the global motion control encoders market includes the following segments:
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By Type |
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By Offering |
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By Application |
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Global Motion Control Encoders Market Regional Synopsis
The North American motion control encoders market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to 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 USD 1.5 trillion in and out of United States ports annually, also ~75% of all trade involved some form of marine transportation. Additionally, in the region, growth in the electronic and electrical industry has boosted the utilization of robotics and automation. Robotics is considered to be the fastest-growing industry in this region. In the United States, nearly 200 per 9,0000 employees were functioning in 2019.
Furthermore, the motion control encoders market is also anticipated to see lucrative growth opportunities in the Asia Pacific region over the forecast period. Significant growth in the robotics industry has accelerated the demand for motion control encoders along with the higher utilization in the automotive industry. South Korea is anticipated to be the leading country in robotics globally as of 2022 while China and Japan are known to hold a greater share in the global automotive industry. For instance, in 2020, the installation of robotics in South Korea was projected to be around 900 per 10,000 employees. Therefore, all these factors are projected to enlarge the market size in the region.
Top Featured Companies Dominating the Global Motion Control Encoders Market
- TE Connectivity Corporation
- 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.
