Encoder Market – Growth, Trends, Impact of COVID-19 and

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New York, April 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Encoder Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)” – https://www. reportlinker.com/p06271898/?utm_source=GNW

Highlights
The need for high-end automation and Industry 4.0 are the main drivers of market growth. Industry 4.0 describes the fourth industrial revolution, a new world where factory automation moves beyond manufacturing plants controlled by conventional information technology systems to cloud-based infrastructure that enables analytics big data and the virtualization of production processes.
This vision is much more than just industrial IoT (IIoT), and yet, although it may have the ambition to facilitate intelligence through cognitive behaviors like self-configuration and autonomous optimization, the principle foundation of any control system involves feedback that depends on sensing its own condition and the surrounding environment.
For the fourth industrial revolution, modern intelligent drives are a key technology because they enable the coordinated operation of networked, decentralized and autonomous production processes.
One of the biggest limitations of encoders is that they can be reasonably complex and understand some tricky parts. This makes them less tolerant to mechanical abuse and limits their allowable temperature. It would be difficult to find an optical encoder capable of surviving beyond 120°C.
Industry 4.0 and automation have driven the demand for encoders. The COVID-19 outbreak is accelerating the adoption of Industry 4.0, driving businesses across industries to a more sophisticated state of IoT technology and workflow. The COVID-19 crisis has affected every manufacturer in one way or another, and for many this poses an existential threat.

Main market trends

Rotary Encoders to Drive Market Growth

The rapid increase in industrial automation in many industries such as aerospace, healthcare, automotive, packaging and electronics is driving the demand for rotary encoders as they measure rotation, angular velocity and the position of moving parts in a wide range of applications.
These types of encoders are widely used in applications requiring the monitoring or control of mechanical systems. Some of the common applications of encoders include motor feedback, filling applications, transportation, cut-to-length applications, elevator industry applications, and robotics applications, among others.
The increasing use of rotary encoders in the automotive sector is the major factor driving the increase in demand for rotary encoders globally. In the automotive industry, these are used in throttle position, steering wheel position, and gear position. Another factor increasing the market is the adoption of rotary encoders in the aerospace industry as these are used for automation in the aerospace sector.
The increasing demand for temperature control, speed control, volume control and position sensing in many applications such as motors associated with drives and automated machinery in consumer electronics, elevators, conveyor speed controllers, industrial machinery and robotics is driving the growth of the market.
Industrial robotic applications would be one of the significant opportunities in rotary encoders. Automation in different sectors will create a demand for robotics, which will generate a demand for rotary angle sensors. Moreover, the electronics industry is also a crucial sector where opportunities are expected during the forecast period.

Asia-Pacific will represent the strongest market growth

Rising industrialization and demand for better solutions for manufacturing processes is helping the market to grow at a rapid pace. Because the Asia region is a hub for major industrial hubs such as Japan, China and India. Increasing production facilities and service agreements with companies are also propelling the growth of the industry. The growing rivalry in the market has resulted in the introduction of new items in the market, which has boosted the growth of the market.
Chinese government programs, such as the Made in China 2025 plan, promote the use of R&D in factory automation and technologies and its investment. In addition, since most automation equipment is imported from Germany and Japan, the “Made in China” initiative aims to expand the country’s domestic production of automation hardware and equipment. “Government initiatives in the automation sector will drive the market studied.
In February 2022, Volkswagen Group’s premium brand Audi and its Chinese state-owned partner FAW Group received approval from Chinese authorities to begin construction of their $3.3 billion joint venture electric vehicle factory. According to the regulator, the plant will start production in December 2024 and will be able to manufacture 150,000 cars per year. These new automobile production units in the regions will create an opportunity for local encoding companies to increase production and meet market demand.
In each country, according to the IFR (International Federation of Robotics), in 2021, industrial robot shipments are expected to be around 310,000 units in China. Japan is expected to install around 64,000 units in 2021, less than a quarter of what China is expected to install in 2021. The United States and South Korea rank third with expected shipments of around 46,000 units each.
Rotary encoders, linear encoders, both standard and custom, are effectively used in electromedical and laboratory equipment such as operating and examination tables, gamma and x-ray knives, scanners, etc.

Competitive landscape

The degree of competition depends on various factors affecting the market, such as brand identity, strong competitive strategy, and degree of transparency. Players are trying to gain a competitive advantage by updating their product portfolios and strengthening their distribution channels and presence.

March 2021- The Maxon group unveils its plan to invest 10 million euros in an innovation and production center for its trading company Maxon France in Beynost near Lyon. The investment in this new facility offers many opportunities for the local market. Maxon pursues the ambitious goal of reaching a turnover of 40 million euros in France by 2030.
July 2021 – APS signed a national distribution agreement with Baumer Group. Thanks to this partnership, APS will now have access to Baumer products, such as encoders, object detection and distance measurement sensors, process sensors, intelligent vision systems, etc. This partnership will further enhance Baumer’s local customer experience.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06271898/?utm_source=GNW

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