Motion Control Encoders Market Size

Motion Control Encoders Market size was over USD 15.81 Billion in 2023 and is anticipated to cross USD 31.32 Billion by the end of 2036, witnessing more than 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of motion control encoders is estimated at USD 16.58 Billion. The growth of the market can be attributed to the growing number of satellites worldwide along with the surge in satellite communications. Motion control encoders determine the movement of satellites whether it’s clockwise or anti-clockwise. Additionally, it also transmits the signals associated with the direction, position, speed, and count of satellites.  For instance, it was found that a total of 4,852 satellites circled the earth by the end of 2021. Hence, it is one of the major factors anticipated to propel the market growth during the forecast period.

Trends in the global motion control encoders market, such as the increased demand for motion control encoders in the commercial aerospace and defense industries, are anticipated to provide significant opportunities for key market participants to generate revenue over the course of the forecast period. Both of these industries require automated process machinery, thus the equipment they use uses motion controls. Motion conversion motion transforms the equipment's motion into electrical signals, which are then read by motion control systems. The United States exported aerospace components worth close to USD 90 billion as of 2021. Over the course of the projection period, all of these factors are anticipated to boost the market growth.