Incremental Encoders Market Size

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. In the year 2024, the industry size of incremental encoders is estimated at USD 3.63 Billion. The growth of the market can primarily be attributed to the growing demand for incremental encoders for airborne systems as well as flight simulators with the rise in the aerospace industry worldwide. For instance, it was found that, the revenue of global commercial aerospace and defense (A&D) industry accounted for more than USD 700 billion in 2021

Encoders are used in machinery for motion feedback and motion control. They are found in machinery in all industries. The encoder sends a feedback signal that can be used to determine position, count, speed, or direction. A control device can use this information to send a command for a particular function. The demand for incremental encoders is on the rise in the automotive industry, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global incremental encoders market during the forecast period.