Asia Pacific Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity
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Asia Pacific encoder market will grow by 10.6% annually with a total addressable market cap of $18.21 billion over 2024-2033. The growth is driven by the increased need for high-level automation across various industries, the surging demand for automobile and consumer electronics, and technological advancements.
Highlighted with 30 tables and 49 figures, this 120-page report “Asia Pacific Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Asia Pacific encoder market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific encoder market in every aspect of the classification from perspectives of Encoder Type, Signal Type, Technology, Application, and Country.
Based on Encoder Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Rotary Encoders
• Linear Encoders
Based on Signal Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Absolute Encoders
• Incremental Encoders
By Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Optical Encoders
• Magnetic Encoders
• Photoelectric Encoders
• Inductive Encoders
• Other Technologies
By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Automotive
• Consumer Electronics
• Textile
• Printing Machinery
• Industrial
• Healthcare
• Food & Beverage
• Power
• Aerospace
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Encoder Type, Technology, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Balluff Inc.
Baumer Group
Dynapar Corporation (Fortive Corporation)
Elap Srl
Faulhaber Group
Fraba B.V. (Posital Fraba Inc.)
Gurley Precision Instruments
Heidenhain GmbH
Hengstler GmbH
Honeywell International
IFM Electronic GmbH
Kubler Group
Maxon Motor AG
Mitutoyo Corporation
Omron Corporation
Panasonic Corporation
Pepperl+Fuchs International
Pilz GmbH & Co. KG
Renishaw PLC
Rockwell Automation Inc.
Schneider Electric
Sensata Technologies, Inc.
Sick AG
Siko GmbH
Tamagawa Seiki Co.
TE Connectivity
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 25
2.1.3 Impact of Russia-Ukraine Conflict 27
2.1.4 Impact of Israel-Palestine War 29
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Asia Pacific Market by Encoder Type 46
3.1 Market Overview by Encoder Type 46
3.2 Rotary Encoders 48
3.3 Linear Encoders 49
4 Segmentation of Asia Pacific Market by Signal Type 50
4.1 Market Overview by Signal Type 50
4.2 Absolute Encoders 52
4.3 Incremental Encoders 53
5 Segmentation of Asia Pacific Market by Technology 54
5.1 Market Overview by Technology 54
5.2 Optical Encoders 56
5.3 Magnetic Encoders 57
5.4 Photoelectric Encoders 58
5.5 Inductive Encoders 59
5.6 Other Technologies 60
6 Segmentation of Asia Pacific Market by Application 61
6.1 Market Overview by Application 61
6.2 Automotive 63
6.3 Consumer Electronics 64
6.4 Textile 65
6.5 Printing Machinery 66
6.6 Industrial 67
6.7 Healthcare 68
6.8 Food & Beverage 69
6.9 Power 70
6.10 Aerospace 71
6.11 Other Applications 72
7 Asia-Pacific Market 2023-2033 by Country 73
7.1 Overview of Asia-Pacific Market 73
7.2 Japan 76
7.3 China 79
7.4 Australia 81
7.5 India 83
7.6 South Korea 85
7.7 Rest of APAC Region 87
8 Competitive Landscape 89
8.1 Overview of Key Vendors 89
8.2 New Product Launch, Partnership, Investment, and M&A 92
8.3 Company Profiles 93
Balluff Inc. 93
Baumer Group 95
Dynapar Corporation (Fortive Corporation) 96
Elap Srl 97
Faulhaber Group 98
Fraba B.V. (Posital Fraba Inc.) 99
Gurley Precision Instruments 100
Heidenhain GmbH 101
Hengstler GmbH 102
Honeywell International 103
IFM Electronic GmbH 104
Kubler Group 105
Maxon Motor AG 106
Mitutoyo Corporation 107
Omron Corporation 108
Panasonic Corporation 109
Pepperl+Fuchs International 110
Pilz GmbH & Co. KG 111
Renishaw PLC 112
Rockwell Automation Inc. 113
Schneider Electric 114
Sensata Technologies, Inc. 115
Sick AG 116
Siko GmbH 117
Tamagawa Seiki Co. 118
TE Connectivity 119
RELATED REPORTS 120
Tables & Figures:
List of Tables:
Table 1. Snapshot of Asia Pacific Encoder Market in Balanced Perspective, 2023-2033 17
Table 2. World Economic Outlook, 2024-2036 22
Table 3. World Economic Outlook, 2022-2024 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Scenarios for Economic Impact of Israel-Palestine War 29
Table 6. Main Product Trends and Market Opportunities in Asia Pacific Encoder Market 38
Table 7. Asia Pacific Encoder Market by Encoder Type, 2023-2033, $ mn 46
Table 8. Asia Pacific Encoder Market by Signal Type, 2023-2033, $ mn 50
Table 9. Asia Pacific Encoder Market by Technology, 2023-2033, $ mn 54
Table 10. Asia Pacific Encoder Market by Application, 2023-2033, $ mn 61
Table 11. APAC Encoder Market by Country, 2023-2033, $ mn 74
Table 12. Japan Encoder Market by Encoder Type, 2023-2033, $ mn 78
Table 13. Japan Encoder Market by Technology, 2023-2033, $ mn 78
Table 14. Japan Encoder Market by Application, 2023-2033, $ mn 78
Table 15. China Encoder Market by Encoder Type, 2023-2033, $ mn 80
Table 16. China Encoder Market by Technology, 2023-2033, $ mn 80
Table 17. China Encoder Market by Application, 2023-2033, $ mn 80
Table 18. Australia Encoder Market by Encoder Type, 2023-2033, $ mn 82
Table 19. Australia Encoder Market by Technology, 2023-2033, $ mn 82
Table 20. Australia Encoder Market by Application, 2023-2033, $ mn 82
Table 21. India Encoder Market by Encoder Type, 2023-2033, $ mn 84
Table 22. India Encoder Market by Technology, 2023-2033, $ mn 84
Table 23. India Encoder Market by Application, 2023-2033, $ mn 84
Table 24. South Korea Encoder Market by Encoder Type, 2023-2033, $ mn 86
Table 25. South Korea Encoder Market by Technology, 2023-2033, $ mn 86
Table 26. South Korea Encoder Market by Application, 2023-2033, $ mn 86
Table 27. Encoder Market in Rest of APAC by Country/Region, 2023-2033, $ mn 88
Table 28. Balluff Inc.: Company Snapshot 93
Table 29. Balluff Inc.: Business Segmentation 94
Table 30. Balluff Inc.: Product Portfolio 94
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 16
Figure 4. Industry Value Chain Analysis 19
Figure 5. Asia Pacific Encoder Market, 2023-2033, $ mn 20
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Encoder Market 30
Figure 8. World Industrial Robotics Market by Shipment, 2022-2032, thousand units 33
Figure 9. World Vehicle Production by Car Type, 2019-2030, million units 33
Figure 10. World Electrical & Electronics Industry, 2019-2030, $ trillion 34
Figure 11. Primary Restraints and Impact Factors of Asia Pacific Encoder Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of Asia Pacific Encoder Market 42
Figure 14. Breakdown of Asia Pacific Encoder Market by Encoder Type, 2023-2033, % of Revenue 47
Figure 15. Asia Pacific Addressable Market Cap in 2024-2033 by Encoder Type, Value ($ mn) and Share (%) 47
Figure 16. Asia Pacific Encoder Market by Encoder Type: Rotary Encoders, 2023-2033, $ mn 48
Figure 17. Asia Pacific Encoder Market by Encoder Type: Linear Encoders, 2023-2033, $ mn 49
Figure 18. Breakdown of Asia Pacific Encoder Market by Signal Type, 2023-2033, % of Sales Revenue 51
Figure 19. Asia Pacific Addressable Market Cap in 2024-2033 by Signal Type, Value ($ mn) and Share (%) 51
Figure 20. Asia Pacific Encoder Market by Signal Type: Absolute Encoders, 2023-2033, $ mn 52
Figure 21. Asia Pacific Encoder Market by Signal Type: Incremental Encoders, 2023-2033, $ mn 53
Figure 22. Breakdown of Asia Pacific Encoder Market by Technology, 2023-2033, % of Sales Revenue 55
Figure 23. Asia Pacific Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%) 55
Figure 24. Asia Pacific Encoder Market by Technology: Optical Encoders, 2023-2033, $ mn 56
Figure 25. Asia Pacific Encoder Market by Technology: Magnetic Encoders, 2023-2033, $ mn 57
Figure 26. Asia Pacific Encoder Market by Technology: Photoelectric Encoders, 2023-2033, $ mn 58
Figure 27. Asia Pacific Encoder Market by Technology: Inductive Encoders, 2023-2033, $ mn 59
Figure 28. Asia Pacific Encoder Market by Technology: Other Technologies, 2023-2033, $ mn 60
Figure 29. Breakdown of Asia Pacific Encoder Market by Application, 2023-2033, % of Revenue 62
Figure 30. Asia Pacific Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 62
Figure 31. Asia Pacific Encoder Market by Application: Automotive, 2023-2033, $ mn 63
Figure 32. Asia Pacific Encoder Market by Application: Consumer Electronics, 2023-2033, $ mn 64
Figure 33. Asia Pacific Encoder Market by Application: Textile, 2023-2033, $ mn 65
Figure 34. Asia Pacific Encoder Market by Application: Printing Machinery, 2023-2033, $ mn 66
Figure 35. Asia Pacific Encoder Market by Application: Industrial, 2023-2033, $ mn 67
Figure 36. Asia Pacific Encoder Market by Application: Healthcare, 2023-2033, $ mn 68
Figure 37. Asia Pacific Encoder Market by Application: Food & Beverage, 2023-2033, $ mn 69
Figure 38. Asia Pacific Encoder Market by Application: Power, 2023-2033, $ mn 70
Figure 39. Asia Pacific Encoder Market by Application: Aerospace, 2023-2033, $ mn 71
Figure 40. Asia Pacific Encoder Market by Application: Other Applications, 2023-2033, $ mn 72
Figure 41. Breakdown of APAC Encoder Market by Country, 2023 and 2033, % of Revenue 74
Figure 42. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 43. Encoder Market in Japan, 2023-2033, $ mn 77
Figure 44. Encoder Market in China, 2023-2033, $ mn 79
Figure 45. Encoder Market in Australia, 2023-2033, $ mn 81
Figure 46. Encoder Market in India, 2023-2033, $ mn 83
Figure 47. Encoder Market in South Korea, 2023-2033, $ mn 85
Figure 48. Encoder Market in Rest of APAC, 2023-2033, $ mn 87
Figure 49. Growth Stage of Asia Pacific Encoder Industry over the Forecast Period 89
Research Methodology:
Asia Pacific Encoder Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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