Incremental Encoders Market Analysis

Type (Quadrature Incremental Encoder, Optical Incremental Encoder, Magnetic Incremental Encoder)

The global incremental encoders market is segmented and analyzed for demand and supply by type into quadrature incremental encoder, optical incremental encoder, and magnetic incremental encoder. Amongst these segments, the quadrature incremental encoder segment is anticipated to garner the largest revenue by the end of 2031, backed by the surge in the sale of personal computers (PC) worldwide along with the growing sales of mice and trackballs for computers. For instance, it was found that more than 72 million PCs were shipped globally in the second quarter of 2022.

Our in-depth analysis of the global market includes the following segments:

By Type	Quadrature Incremental Encoder Optical Incremental Encoder Magnetic Incremental Encoder
By Application	Heavy Duty Paper Steel Wood Production Industrial Duty Food and Beverages Industry Textile General Factory Automation Light Duty Robotics Electronics Semiconductors

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of incremental encoders is estimated at USD 3.63 Billion.

The incremental encoders market size was over USD 3.3 Billion in 2023 and is set to cross USD 11.39 Billion by the end of 2036, growing at more than 10% CAGR during the forecast period i.e., between 2024-2036. The upsurge in the aerospace & defense industry as well as rise in the automotive industry sales along with growing automation in manufacturing sector are some of the major factors anticipated to drive the growth of the market.

North America is projected to account for largest industry share by 2036, backed by presence of a strong maritime network in the region, a growing number of jobs on ports, as well as the rising economy generated from marine transportation.

British Encoder Products Company, Omron Corporation, Renishaw PLC, Encoders UK LTD, Newall Electronics, Inc., Dynapar Corporation, Fraba B.V., Gurley Precision Instruments Inc., Sensata Technologies Inc.

Incremental Encoders Market Analysis