Motion Control Encoders Market Trends

Growth Drivers

• Higher Adoption of Motion Control Encoders in Medical Robotics - According to the International Federation of Robotics (IFR), medical robotics unit sales will reach 18,000 units in 2020, up from 7000 units in 2019 globally.
• Motion control advances brought a significant revolution in robotics surgeries which is responsible for driving the motion control encoders market in the forecasted period. Motion control encoders are utilized in robotics since it provides precise feedback speed and angle. Optical encoders are remarkably used in medical robotics. Surgical robots are utilized by surgeons to perform surgeries with more precision. The surge in minimally invasive surgeries has triggered the demand for surgical robots which results in a high adoption rate of motion control encoders. 

• Rising Textile Industries to Boost the Demand for Motion Control Encoders - The demand for motion control encoders, as encoders provide critical feedback for speed, direction, and distance. The boom in the textile industry is expected to propel the demand for motion control encoders. It was found that the Indian textile industry was valued at more than USD 220 billion in the year 2021 where nearly 110,000 metric tons of textile fibers were produced in a similar year across the globe.

• Growing Automation in Manufacturing Industry - It is estimated that the use of automation in 3 key industries including manufacturing will contribute over USD 15.5 trillion to the world economy by 2030. Nowadays, the adoption of robotic tools in the manufacturing industry is growing exponentially since it can boost the production rate.

• Increasing Investment in Robotics - As per statistics, robotic startup investments globally reached approximately USD 17 billion in 2021.

• Growing Global Commercial Aerospace and Defense (A&D) Industry – that generated a revenue of more than USD 700 billion in 2021 globally.

Challenges

• Concern about the Functional Safety Issues - which is of utmost importance in any motion control design. The acquisition of a functional safety certification process can be arduous. There can be some errors associated with the functionality of the motion control encoders which can create severe problems, especially in the medical field. Hence, this factor may hamper the growth of the market over the forecast period.
• Challenges in Choosing the Right Motion Feedback Solution
• Catering Customized Solutions