Encoder ICs Market Segmentation:
Application Segment Analysis
Motion control segment in the encoder ICs market is estimated to reach USD 1.66 Billion by the end of 2035. Encoder ICs play a fundamental role in motion control systems by providing critical feedback on the position and movement of motors or actuators, which leads to an essential degree of accuracy for precise controls and efficient operation.
A major driver is the increasing adoption of automation in manufacturing, logistics, and other sectors. For efficient operation, robots, automated vehicles, and others must be able to control their movements precisely so encoder ICs are required. Four out of five warehouses in the world are going to be computerized before 2025. A 40% reduction in costs could be achieved through using robotics for logistics.
End User Segment Analysis
In encoder ICs market, electronic segment is poised to reach USD 3.83 Billion by the end of 2035. Encoders are extensively used in office equipment, including copiers, printers, answering machines, PC-based scanners, and scanners, in this sector.
In addition, there has been a noticeable increase in the use of encoders for consumer electronics applications in the Asia Pacific and North America regions due to the rapid adoption of new technologies and the presence of numerous consumer electronics giants such as Apple, Samsung Electronics, and HP Inc.
Our in-depth analysis of the global encoder ICs market includes the following segments:
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