Optical Encoder Market Research Report - Global Forecast till 2027

Optical Encoder Market Research Report: by Type (Incremental, Absolute), Channel (1 Channel, 2 Channels, 4 Channels and more than 8 Channels), End User (Automotive, Electronics, Medical Devices, Textile & Printing Machinery, Aviation and Others) - Forecast till 2027

ID: MRFR/SEM/6460-HCR | February 2021 | Region: Global | 111 pages

Optical Encoder Market Overview


The optical encoder market size is expecting to increase during the ongoing forecast period of 2018-2023. During the historic forecast period that ended in 2018, the market closed its operations by attaining a final market valuation worth USD 1.18 billion. With the rising trends and emerging opportunities, the global market is anticipated to grow at a 15.55% CAGR during the ongoing forecast period of 2018-2024 and hence, help the market reach a final market valuation worth USD 2.55 billion by the end of the forecast period in 2024. One of the major reasons for the positive attributes and market growth during the period is the developing need for high-end automation across various kinds of industries and verticals. Also, the market operations during the forecast period are likely to witness a momentous and huge growth in the adoption of Industry 4.0 which has excellent opportunities to offer to the optical encoder market and thus, help the market grow as per the predictions laid down by the market leaders and industry experts for the ongoing period ending in 2027.

COVID 19 Analysis of Optical Encoder Market

The pandemic has introduced various kinds of struggles for companies functioning in both the regional and international markets. Hence, both the regional markets, production units, manufacturing industries, and the global economy since the initial cases were reported and to curb the growth, the governments of both the developing and developed nations had imposed temporary and permanent lockdowns. Along with the lockdown, many regulations were imposed that were related to the temporary shutting and suspension of both international and domestic travel, exports, and imports which have resulted in disrupting the supply chain mechanism that is prevalent as a part of the global optical encoder market regions. The world economies that were smoothly functioning before the pandemic and had set organizational goals and objectives to meet are now trying to get their hands on the best technology and advancements to implement in their functioning to recover the losses incurred during the pandemic year of 2021 and hence, emerge as dominant players by the end of the forecast period in 2027. The production capacity of the industries and production units have been limited as the rising cases resulted in a shortage of raw material and this unavailability is creating issues for the producers to meet the market demand and supply as per the requirement. The arrival of the pandemic has forced the companies to shut their manufacturing units as well.

The government and the key market players are collaborating to increase the investment quantum for the development of products and services that will help in enhancing the optical encoder market visibility and accomplish the demand rendered by the target audience across the global regions. Also, the market players are opening their doors to enter into mergers and collaborations to cater to the demand of the audience that is located outside the regional market to improve their global presence and generate international investments.

Optical Encoder Market Dynamics

Drivers

The market trends are expected to witness a growing inclination of the target audience that is spread across various global regions towards the availability of advanced technologies even though the pandemic is on a rise and there is a high rate at which the cases are being transmitted among people, states, countries and escaping the international borders, as well. Most of the manufacturing players and units functioning across various global regions are developing a dire need for automation and hence, this is emerging as one of the major factors that will drive the global optical encoder market growth as per the formulated predictions during the forecast period that ended in 2027. Automation for encoders helps in improving the overall effectiveness of equipment by rendering its assistance in monitoring the energy levels alongside the working conditions of machines.

Restraints

However, the global optical encoder market operations are subsequently witnessing various problems and issues that might end up forming as restraints during the growth process undertaken by the prominent market players by the end of the forecast period in 2027. Achieving and maintaining a high degree of accuracy, rising variations in the international regulations, and risks related to mechanical failures while functioning in the harsh environments is likely to present restraints for the market and thus, bar the market from expanding amongst end-users, industry verticals, and trends that are likely to prevail during the ongoing forecast period of 2021-2027. 

Technology Analysis

Constant connectivity with the production lines is an important requirement that is prevailing across a series of functional units and markets like the food and beverage industry, medical, healthcare, pharmaceutical units, chemical industries, and the automotive sector. The mid-sized manufacturers are implementing the solutions at a high scale. Encoders are on their way to adopt these market services on a large scale that ensure better implementation and utilization of assets, and further, rendering support in minimizing the errors and maintaining the quality of the end-products available to the target audience.

Optical Encoder Market Segment Overview

The optical encoder market is home to various markets segments that are functional in different global regions. To help the market investors, traders, and vendors, render a better investment and return experience, it is better to understand the revenue potential possessed by the market segments. Also, the mar optical encoder market ket segments and the revenue collected by them can help in enhancing the final valuation of the global market during the forecast period that ends in 2027. The global market has been segmented based on the following:

Encoder type

The encoder type segment of the global optical encoder market includes both linear and rotary types. 

Signal type

The signal type segment of the market is further, bifurcated into incremental and absolute parts.

Technology

The technology segment of the global optical encoder market includes verticals like magnetic technology, optical technology, and inductive technology amongst the others available in various regional parts of the global market and will be put to use to carry out the market operations during the forecast period that will be ending in 2027.

Application

The application segment of the global optical encoder market includes end-users like textiles, industrial, consumer electronics, power, automotive, food and beverages, aerospace, printing, and textiles amongst others, and thus, expand the area of market service during the forecast period that will be ending in 2027.

Optical Encoder Market  Optical Encoder Market

Source: MRFR Analysis

Optical Encoder Market Regional Analysis

The largest optical encoder market share is likely to be enjoyed by the APAC regions amongst the rest in competition. The main reason behind this is the increasing number of manufacturing and engineering hubs that are related to various functional industries. The concept is largely present in China, as a part of the APAC region. The target audience is largely demanding energy-efficient products and is open to various kinds of feedback. These factors will help in the creation of excellent opportunities for the global growth of the optical encoder market during the forecast period that ends in 2027.

Optical Encoder Market Competitive Landscape

The optical encoder market report discusses the role of the following competitive market players:



  • Sensata Technologies (US)

  • POSITAL FRABA (Netherlands)

  • Renishaw plc (UK)

  • ifm electronics (Germany)

  • Dynapar Corporation (US)

  • HEIDENHAIN (US)



Recent Developments



  • FORTIS is an enclosed linear absolute encoder series that was launched by one of the prominent market players - Renushaw PLC in January 2021. This series has been developed based on the RESOLUTE encoder technology available to the market operations and is known to act as a perfect fit if anyone is looking to make use of the same in harsh environments. The design is non-contact and mechanical and hence, does not require a mechanical guidance carriage.

  • ECM 2400 is an absolute modular magnetic angle encoder that was launched by HEIDENHAIN in April 2021. This angle encoder is known to be a sturdy and robust encoder that is helping in providing medium accuracy to the users. It is known to be suitable for applications that require limited space, high rotational speed along with the availability of angular accelerations.

  • Near about the same time, EAM300 was launched by Baumer which is the smallest CANopen interface rotary encoder that belongs to the MARGES EAM series. The nature of the encoder is compact which allows more space in the machine designs and also, offers design freedom to some of the present variants. This has mainly been designed to suit medical technology needs and back mobile automation.



Optical Encoder Market Report Overview

The global optical encoder market report helps in providing valuable market insights that will play a vital role in the expansion of the market operations during the forecast period that ends in 2027. The report helps in understanding the revenue potential in the market segments and the competitive degree that prevails amongst the market players belonging to various regions on a global scale. The report discusses the impact of the pandemic and the recent optical encoder market developments undertaken to incur the losses because of the pandemic.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 2.55 Billion
  CAGR   15.55%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Channel, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Broadcom, Inc. (US), BEI Sensors (US), Rockwell Automation Inc. (US), Renishaw Plc. (UK), Dynapar (US), Allied Motion Technologies Inc. (US), Codechamp SA (France), Turck Holding GmbH (Germany), Honeywell International Inc. (US), GrayHill Inc. (US), Tokyo Sokuteikizai Co., Ltd (Japan), Bourns Inc. (US), Baumer Group (Switzerland), Faulhaber Group (Germany), and CTS Corporation (US)
  Key Market Opportunities   The rise in demand for higher accuracy in verticals, enhanced system reliability, and better resolution can prompt the expansion of the world optical encoder market.
  Key Market Drivers

  • Increasing demand for consumer electronics.
  • The demand for miniaturization of electronic components.


  • Frequently Asked Questions (FAQ) :


    The market value in 2018 was USD 1.18 billion in 2018 and its value in 2024 is expected to be USD 2.55 billion.

    The absolute optical encoder segment can attain the leading spot in the global market.

    2 channel encoders have the ability to channel two quadrature signals efficiently and in most cases, an additional index signal as well, which boosts their demand in the market.

    Aviation, electronics, automotive, textile & printing machinery, medical devices, are the main end-users in the global market for optical encoder.

    Most of the players are adopting growth strategies like mergers, partnerships, product innovation and acquisitions in an attempt to elevate their product offerings and also increase their reach across various geographies.

    Table of Contents

    1 Executive Summary

    1.1 Market Attractiveness Analysis

    1.2 Global Optical Encoders Market, by Type

    1.3 Global Optical Encoders Market, by Channel

    1.4 Global Optical Encoders Market, by End User

    1.5 Global Optical Encoders Market, by Region

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 Markets Structure

    2.4 Key Buying Criteria

    2.5 Macro Factor Indicator Analysis

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    3.5 List of Assumptions

    4 Market Insights

    5 Market Dynamics

    5.1 Introduction

    5.2 Drivers

    5.3 Restraints

    5.4 Opportunities

    5.5 Challenges

    5.6 Technological Trends

    5.7 Regulatory Landscape/Standards

    6 Market Factor Analysis

    6.1 Supply/Value Chain Analysis

    6.1.1 R&D

    6.1.2 Manufacturing

    6.1.3 Distribution & Sales

    6.1.4 Post-Sales Monitoring

    6.2 Porter’s Five Forces Model

    6.2.1 Threat of New Entrants

    6.2.2 Bargaining Power of Suppliers

    6.2.3 Bargaining Power of Buyers

    6.2.4 Threat of Substitutes

    6.2.5 Intensity of Rivalry

    7. Global Optical Encoders Market, by Type

    7.1 Introduction

    7.2 Incremental

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 Absolute

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8. Global Optical Encoders Market, by Channel

    8.1 Introduction

    8.2 1 Channel

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 2 Channel

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 4 Channel

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 More than 8 Channels

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    9. Global Optical Encoders Market, by End User

    9.1 Introduction

    9.2 Automotive

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast, by Region, 2020–2027

    9.3 Electronics

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast, by Region, 2020–2027

    9.4 Medical Devices

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast, by Region, 2020–2027

    9.5 Textile & Printing Machinery

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast, by Region, 2020–2027

    9.6 Aviation

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast, by Region, 2020–2027

    9.7 Others

    9.7.1 Market Estimates & Forecast, 2020–2027

    9.7.2 Market Estimates & Forecast, by Region, 2020–2027

    10. Global Optical Encoders Market, by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, by Country, 2020–2027

    10.2.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.2.3 Market Estimates & Forecast, by Type, 2020–2027

    10.2.4 Market Estimates & Forecast, by End User, 2020–2027

    10.2.5 US

    10.2.5.1 Market Estimates & Forecast, 2020–2027

    10.2.5.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.2.5.3 Market Estimates & Forecast, by Type, 2020–2027

    10.2.5.4 Market Estimates & Forecast, by End User, 2020–2027

    10.2.6 Canada

    10.2.6.1 Market Estimates & Forecast, 2020–2027

    10.2.6.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.2.6.3 Market Estimates & Forecast, by Type, 2020–2027

    10.2.6.4 Market Estimates & Forecast, by End User, 2020–2027

    10.2.7 Mexico

    10.2.7.1 Market Estimates & Forecast, 2020–2027

    10.2.7.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.2.7.3 Market Estimates & Forecast, by Type, 2020–2027

    10.2.7.4 Market Estimates & Forecast, by End User, 2020–2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, by Country, 2020–2027

    10.3.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.3.3 Market Estimates & Forecast, by Type, 2020–2027

    10.3.4 Market Estimates & Forecast, by End User, 2020–2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, 2020–2027

    10.3.5.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.3.5.3 Market Estimates & Forecast, by Type, 2020–2027

    10.3.5.4 Market Estimates & Forecast, by End User, 2020–2027

    10.3.6 UK

    10.3.6.1 Market Estimates & Forecast, 2020–2027

    10.3.6.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.3.6.3 Market Estimates & Forecast, by Type, 2020–2027

    10.3.6.4 Market Estimates & Forecast, by End User, 2020–2027

    10.3.7 France

    10.3.7.1 Market Estimates & Forecast, 2020–2027

    10.3.7.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.3.7.3 Market Estimates & Forecast, by Type, 2020–2027

    10.3.7.4 Market Estimates & Forecast, by End User, 2020–2027

    10.3.8 Italy

    10.3.8.1 Market Estimates & Forecast, 2020–2027

    10.3.8.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.3.8.3 Market Estimates & Forecast, by Type 2020–2027

    10.3.8.4 Market Estimates & Forecast, by End User, 2020–2027

    10.3.10 Rest of Europe

    10.3.10.1 Market Estimates & Forecast, 2020–2027

    10.3.10.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.3.10.3 Market Estimates & Forecast, by Type, 2020–2027

    10.3.10.4 Market Estimates & Forecast, by End User, 2020–2027

    10.4 Asia-Pacific

    10.4.1 Market Estimates & Forecast, by Country, 2020–2027

    10.4.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.4.3 Market Estimates & Forecast, by Type, 2020–2027

    10.4.4 Market Estimates & Forecast, by End User, 2020–2027

    10.4.5 Japan

    10.4.5.1 Market Estimates & Forecast, 2020–2027

    10.4.5.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.4.5.3 Market Estimates & Forecast, by Type, 2020–2027

    10.4.5.4 Market Estimates & Forecast, by End User, 2020–2027

    10.4.6 China

    10.4.6.1 Market Estimates & Forecast, 2020–2027

    10.4.6.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.4.6.3 Market Estimates & Forecast, by Type, 2020–2027

    10.4.6.4 Market Estimates & Forecast, by End User, 2020–2027

    10.4.7 India

    10.4.7.1 Market Estimates & Forecast, 2020–2027

    10.4.7.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.4.7.3 Market Estimates & Forecast, by Type, 2020–2027

    10.4.7.4 Market Estimates & Forecast, by End User, 2020–2027

    10.4.8 Rest of Asia-Pacific

    10.4.8.1 Market Estimates & Forecast, 2020–2027

    10.4.8.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.4.8.3 Market Estimates & Forecast, by Type, 2020–2027

    10.4.8.4 Market Estimates & Forecast, by End User, 2020–2027

    10.5 Rest of the World

    10.5.1 Market Estimates & Forecast, by Region, 2020–2027

    10.5.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.5.3 Market Estimates & Forecast, by Type, 2020–2027

    10.5.4 Market Estimates & Forecast, by End User, 2020–2027

    10.5.5 Middle East & Africa

    10.5.5.1 Market Estimates & Forecast, 2020–2027

    10.5.5.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.5.5.3 Market Estimates & Forecast, by Type, 2020–2027

    10.5.5.4 Market Estimates & Forecast, by End User, 2020–2027

    10.5.6 South America

    10.5.6.1 Market Estimates & Forecast, 2020–2027

    10.5.6.2 Market Estimates & Forecast, by Storage Pattern, 2020–2027

    10.5.6.3 Market Estimates & Forecast, by Type, 2020–2027

    10.5.4.4 Market Estimates & Forecast, by End User, 2020–2027

    11. Company Landscape

    11.1 Competitive Overview

    11.2 Competitor Dashboard

    11.3 Major Growth Strategy in the Global Optical Encoders Market

    11.4 Competitive Benchmarking

    11.5 Key Developments & Growth Strategies

    11.5.1 New Product Launch/Service Deployment

    11.5.2 Merger & Acquisition

    11.5.3 Joint Ventures

    12. Company Profiles

    12.1 Broadcom

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 BEI Sensors

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Rockwell Automation Inc.

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 Renishaw Plc.

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 Dynapar

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 Allied Motion Technologies Inc.

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Codechamp SA

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Turck Holding GmbH

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Honeywell International Inc.

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 GrayHill Inc.

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    12.11 Tokyo Sokuteikizai Co., Ltd.

    12.11.1 Company Overview

    12.11.2 Product/Business Segment Overview

    12.11.3 Financial Updates

    12.11.4 Key Developments

    12.12 Bourns Inc.

    12.12.1 Company Overview

    12.12.2 Product/Business Segment Overview

    12.12.3 Financial Updates

    12.12.4 Key Developments

    12.13 Baumer Group

    12.13.1 Company Overview

    12.13.2 Product/Business Segment Overview

    12.13.3 Financial Updates

    12.13.4 Key Developments

    12.14 Faulhaber Group

    12.14.1 Company Overview

    12.14.2 Product/Business Segment Overview

    12.14.3 Financial Updates

    12.14.4 Key Developments

    12.15 CTS Corporation

    12.15.1 Company Overview

    12.15.2 Product/Business Segment Overview

    12.15.3 Financial Updates

    12.15.4 Key Developments

    13 Conclusion


    LIST OF TABLES

    Table 1 Global Optical Encoders Market, by Region, 2020–2027

    Table 2 North America: Optical Encoders Market, by Country, 2020–2027

    Table 3 Europe: Optical Encoders Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Optical Encoders Market, by Country, 2020–2027

    Table 5 Middle East & Africa: Optical Encoders Market, by Country, 2020–2027

    Table 6 South America: Optical Encoders Market, by Country, 2020–2027

    Table 7 Global Optical Encoders Type Market, by Region, 2020–2027

    Table 8 North America: Optical Encoders Type Market, by Country, 2020–2027

    Table 9 Europe: Optical Encoders Type Market, by Country, 2020–2027

    Table 10 Asia-Pacific: Optical Encoders Type Market, by Country, 2020–2027

    Table 11 Middle East & Africa: Optical Encoders Type Market, by Country, 2020–2027

    Table 12 South America: Optical Encoders Type Market, by Country, 2020–2027

    Table 13 Global Optical Encoders End User Market, by Region, 2020–2027

    Table 14 North America: Optical Encoders End User Market, by Country, 2020–2027

    Table 14 Europe: Optical Encoders End User Market, by Country, 2020–2027

    Table 16 Asia-Pacific: Optical Encoders End User Market, by Country, 2020–2027

    Table 17 Middle East & Africa: Optical Encoders End User Market, by Country, 2020–2027

    Table 18 South America: Optical Encoders End User Market, by Country, 2020–2027

    Table 19 Global Type Market, by Region, 2020–2027

    Table 20 Global End User Market, by Region, 2020–2027

    Table 21 North America: Optical Encoders Market, by Country

    Table 22 North America: Optical Encoders Market, by Type

    Table 23 North America: Optical Encoders Market, by End User

    Table 24 Europe: Optical Encoders Market, by Country

    Table 25 Europe: Optical Encoders Market, by Type

    Table 26 Europe: Optical Encoders Market, by End User

    Table 27 Asia-Pacific: Optical Encoders Market, by Country

    Table 28 Asia-Pacific: Optical Encoders Market, by Type

    Table 29 Asia-Pacific: Optical Encoders Market, by End User

    Table 30 Middle East & Africa: Optical Encoders Market, by Country

    Table 31 Middle East & Africa: Optical Encoders Market, by Type

    Table 32 Middle East & Africa: Optical Encoders Market, by End User

    Table 33 South America: Optical Encoders Market, by Country

    Table 34 South America: Optical Encoders Market, by Type

    Table 35 South America: Optical Encoders Market, by End User

    LIST OF FIGURES

    FIGURE 1 Global Optical Encoders Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of the Global Optical Encoders Market

    FIGURE 4 Value Chain of the Global Optical Encoders Market

    FIGURE 5 Share of the Global Optical Encoders Market in 2020, by Country (in %)

    FIGURE 6 Global Optical Encoders Market, 2020–2027

    FIGURE 10 Global Optical Encoders Market Size, by Type, 2020

    FIGURE 11 Share of the Global Optical Encoders Market, by Type, 2020–2027

    FIGURE 12 Global Optical Encoders Market Size, by End User, 2020–2027

    FIGURE 13 Share of the Global Optical Encoders Market, by End User, 2020–2027