Product Code: 25932
Linear Encoder Market Size And Forecast
Linear Encoder Market was valued at USD 731.22 Million in 2018 and is projected to reachUSD 1,369.62 Million by 2026, growing at aCAGR of 8.33% from 2019 to 2026.
One of the major factors projected to drive the market is the rising need for high-end automation and high-precision machining tools. The Global Linear Encoder Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Linear Encoder?
A linear encoder refers to a device or sensor providing a signal and digital or analog to the controller built on a position measurement. There are several technologies that are utilized for measuring and assessing the linear position, including laser, transformation, and magnetostriction. Linear Encoders consist of a scale, and reader's head, which comprises of coil assembly and supportive electronics, providing sine-cosine feedback or quadrature square wave signals that enable direct integration to special electronic amplifier applications. These encoders operate based on electromagnetic induction.
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Global Linear Encoder Market Overview
One of the major factors projected to drive the market is the rising need for high-end automation and high-precision machining tools. Increasing usage of linear encoders in the end-use industries, such as medical, industrial, printing, and semiconductors. Other factors expected to propel the global linear encoder market are automation in robotics and consumer electronics and the high usage of optical encoders in the medical sector. With the growing complexity in electronic products, the demand for high-precision quality assurance in SMT placement is proliferating, which in turn propels the demand for the linear encoder.
However, mechanical failures in linear encoders due to harsh environments are expected to restrict the global linear encoder market growth during the forecast period. Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The "Linear Encoder Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Linear Encoder Market: Segmentation Analysis
The Global Linear Encoder Market is segmented on the basis of Type, Application, End-User, and Geography.
Linear Encoder Market, By Type
- Incremental Linear Encoders
- Absolute Capacitive Linear Encoder
- The market is segmented on the basis of Type into Incremental Linear Encoders and Absolute Capacitive Linear Encoder. Global Linear Encoder Market for Incremental Linear Encoders segment is anticipated to be largest over the estimated period. However, the market for Absolute Linear Encoders is likely to grow at the highest CAGR owing to factors such as comparative high accuracy, minimum error probability, and the ability to work even after power is lost.
Linear Encoder Market, By Application
- Machine Tool
- Measuring Instruments
- Elevator
- Others
- The market is segmented on the basis of Application into Machine Tool, Measuring Instruments, Elevator, and Others. Global Linear Encoder Market for Machine Tool segment is expected to be the largest and fastest-growing during the forecast period. The growth of the segment is influenced by the uptrend in the machinery market. An increasing need for condition monitoring and automation, technology trends for better and accurate encoders stimulates the growth of the market.
Linear Encoder Market, By End-User
- Medical
- Printing
- Semiconductors
- Industrial
- Others
- The market is segmented on the basis of End-User into Medical, Printing, Semiconductors, Industrial and Others. Global Linear Encoder Market for the Industrial segment is anticipated to be the largest as well as fastest growing over the estimated period owing to rapidly growing technology such as automation, robotics, and smart manufacturing. With the use of linear encoder, one can endure the most difficult circumstances, maximum performance, and precision of the production system.
Linear Encoder Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
- The Global Linear Encoder market is studied on the basis of key geographies North America, Europe, Asia Pacific, and the Rest of the World (Row). The Asia Pacific dominated the Global Linear Encoder Market in 2018. China market accounted for the majority of the market in this region in 2018, which is expected to continue over the forecast period. Government incentives for the manufacturing industry, increase in labor market wages, growing population overshadowing the production capabilities, and the increasing concern for accuracy and repeatability further propels the growth of the market in the region. Global companies are establishing their manufacturing facilities in this region, which is anticipated to provide plenty of opportunities for the regional market.
- Key Players in Linear Encoder Market
- The Global Linear Encoder market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include
- RSF Elektronik Ges.m.b.H., DR. JOHANNES HEIDENHAIN GMBH, Renishaw plc, GIVI MISURE S.r.l., SICK AG, Schneider Electric SE, SIKO GmbH, Leader Precision Instrument, Newall Electronics, Inc., Lika Electronic, GURLEY Precision Instruments, Electronica Mechatronic Systems, Kubler Group, and Fagor Automation
- . Renishaw plc is one of the top five players in the Linear Encoders market globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 MARKET DEFINITION
- 1.2 MARKET SEGMENTATION
- 1.3 RESEARCH TIMELINES
- 1.4 ASSUMPTIONS
- 1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
- 2.1 DATA MINING
- 2.2 SECONDARY RESEARCH
- 2.3 PRIMARY RESEARCH
- 2.4 SUBJECT MATTER EXPERT ADVICE
- 2.5 QUALITY CHECK
- 2.6 FINAL REVIEW
- 2.7 DATA TRIANGULATION
- 2.8 BOTTOM-UP APPROACH
- 2.9 TOP DOWN APPROACH
- 2.10 RESEARCH FLOW
- 2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
- 3.1 MARKET OVERVIEW
- 3.2 GLOBAL LINEAR ENCODER MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
- 3.3 GLOBAL LINEAR ENCODER MARKET, BY TYPE (USD MILLION)
- 3.4 GLOBAL LINEAR ENCODER MARKET, BY APPLICATION (USD MILLION)
- 3.5 GLOBAL LINEAR ENCODER MARKET, BY END USER (USD MILLION)
- 3.6 FUTURE MARKET OPPORTUNITIES
- 3.7 GLOBAL MARKET SPLIT
4 MARKET OUTLOOK
- 4.1 GLOBAL LINEAR ENCODER MARKET OUTLOOK
- 4.2 MARKET DRIVERS
- 4.2.1 HIGH USAGE OF LINEAR ENCODER IN SURFACE MOUNT TECHNOLOGY (SMT) MACHINES
- 4.3 MARKET RESTRAINTS
- 4.3.1 MECHANICAL FAILURES IN LINEAR ENCODER DUE TO HARSH ENVIRONMENTS
- 4.4 MARKET OPPORTUNITIES
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS IN LINEAR ENCODERS
5 MARKET, BY TYPE
- 5.1 OVERVIEW
- 5.2 INCREMENTAL LINEAR ENCODERS
- 5.3 ABSOLUTE CAPACITIVE LINEAR ENCODER
6 MARKET, BY APPLICATION
- 6.1 OVERVIEW
- 6.2 MACHINING TOOL
- 6.3 MEASURING INSTRUMENTS
- 6.4 ELEVATOR
- 6.5 OTHERS
7 MARKET, BY END USER
- 7.1 OVERVIEW
- 7.2 MEDICAL
- 7.3 PRINTING
- 7.4 SEMICONDUCTORS
- 7.5 INDUSTRIAL
- 7.6 OTHERS
8 MARKET, BY GEOGRAPHY
- 8.1 OVERVIEW
- 8.2 NORTH AMERICA
- 8.2.1 U.S.
- 8.2.2 CANADA
- 8.2.3 MEXICO
- 8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 FRANCE
- 8.3.3 U.K.
- 8.3.4 REST OF EUROPE
- 8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 REST OF APAC
- 8.5 ROW
- 8.5.1 MIDDLE EAST AND AFRICA
- 8.5.2 LATIN AMERICA
9 COMPETITIVE LANDSCAPE
- 9.1 OVERVIEW
- 9.2 COMPANY MARKET RANKING ANALYSIS
10 COMPANY PROFILES
- 10.1 DR. JOHANNES HEIDENHAIN GMBH
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 COMPANY INSIGHTS
- 10.1.3 PRODUCT BENCHMARKING
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.2 RENISHAW PLC
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 COMPANY INSIGHTS
- 10.2.3 SEGMENT BREAKDOWN
- 10.2.4 PRODUCT BENCHMARKING
- 10.2.5 KEY DEVELOPMENTS
- 10.2.6 SWOT ANALYSIS
- 10.3 RSF ELEKTRONIK GES.M.B.H.
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 COMPANY INSIGHTS
- 10.3.3 PRODUCT BENCHMARKING
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.4 GIVI MISURE S.R.L.
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 COMPANY INSIGHTS
- 10.4.3 PRODUCT BENCHMARKING
- 10.4.4 KEY DEVELOPMENTS
- 10.5 SICK AG
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 COMPANY INSIGHTS
- 10.5.3 SEGMENT BREAKDOWN
- 10.5.4 PRODUCT BENCHMARKING
- 10.6 SCHNEIDER ELECTRIC SE
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 COMPANY INSIGHTS
- 10.6.3 SEGMENT BREAKDOWN
- 10.6.4 PRODUCT BENCHMARKING
- 10.7 SIKO GMBH
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 COMPANY INSIGHTS
- 10.7.3 PRODUCT BENCHMARKING
- 10.8 LEADER PRECISION INSTRUMENT CO., LTD
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 PRODUCT BENCHMARKING
- 10.9 NEWALL ELECTRONICS, INC.
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 COMPANY INSIGHTS
- 10.9.3 PRODUCT BENCHMARKING
- 10.10 LIKA ELECTRONIC SRL
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 COMPANY INSIGHTS
- 10.10.3 PRODUCT BENCHMARKING
- 10.11 GURLEY PRECISION INSTRUMENTS, INC.
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 COMPANY INSIGHTS
- 10.11.3 PRODUCT BENCHMARKING
- 10.12 ELECTRONICA MECHATRONIC SYSTEMS
- 10.12.1 COMPANY OVERVIEW
- 10.12.2 PRODUCT BENCHMARKING
- 10.13 KUBLER GROUP
- 10.13.1 COMPANY OVERVIEW
- 10.13.2 PRODUCT BENCHMARKING
- 10.14 FAGOR AUTOMATION
- 10.14.1 COMPANY OVERVIEW
- 10.14.2 COMPANY INSIGHTS
- 10.14.3 PRODUCT BENCHMARKING