Incremental Encoders Market Trends

Growth Drivers

• Growing Textile Industries – Textile industries are driving the demand for incremental encoders. In textile manufacturing machinery, encoders provide critical feedback for speed, direction, and distance. Hence, with the boom in the textile industry in the forecasted period, the demand for incremental encoders is also expected to escalate. It was found that, in the year 2021, the Indian textile industry was valued at more than USD 220 billion.

• Increasing Investment in Robotics – In 2021, robotic startup investments accounted for over USD 17 billion.

• Increasing Automation in Manufacturing Industry – As automating different tasks can raise productivity to grow at 1.4% annually. It was estimated that, by 2030, the use of automation in 3 key industries including manufacturing will contribute more than USD 15.5 trillion to the world economy.

• Upsurge in the Food and Beverages Industry – The output of India’s food processing sector is expected to be more than USD 500 billion by 2025-26.

• Growing Sales of the Automotive Industry - It is estimated that the unit sales volumes of the automotive industry to be around 78 million units in 2022 worldwide.

Challenges

• Possibility of Losing the Results Without an Electrical Supply – as an encoder being a sensing device provides feedback results. Encoders convert the motion to an electrical signal that can be read by some type of control device in a motion control system and this process can be hampered without a continuous electrical supply.
• Monitors only Distance or Speed
• Concern about Setting a Reference Point