編碼器 IC 市場規模和份額，按類型（線性編碼器 IC、旋轉編碼器 IC）；位置訊號（絕對編碼器、增量編碼器）；感測技術（光感測編碼器、磁感編碼器、電容式編碼器、電感式編碼器）；應用（消費性電子產品、汽車、保健和醫療設備、工業、組裝設備）- 全球供需分析、成長預測、統計報告 2023-2033

Global Encoder IC Market Definition

An encoder IC is designed to convert digital data from one format or encoding to another. It can take multiple inputs and produce multiple outputs. Their key roles include speed, privacy, and consistency through size reduction. Encoders are used as sensors to provide feedback. Encoders transmit motion as electrical signals that can be interpreted by counters or PLCs or any other form of control equipment in motion control systems. The feedback signal from the encoder can be used to calculate position, count, speed, or direction. In addition, the control equipment can use this data to transmit commands for specific tasks.

Encoder ICs are used in nearly every application today. In manufacturing, an encoder with a measuring wheel tells the control how much material has been supplied in a cut-to-length application so that the control knows when to make the cut. Encoders provide motion feedback to robots on automated assembly lines. In automotive production, this might mean ensuring a robotic welding arm has the right information to weld in the right location. The method is the same in any application: the encoder generates a count and sends it to the controller, which then transmits a signal to the machine to perform the task.

Encoders use a variety of methods to generate signals, including mechanical, electromagnetic, resistive, and optical, but optical is one of the most popular methods. Encoders in optical sensing provide feedback based on light interruption. In addition, encoders have become an important source of feedback information for many applications. Whether the application is related to speed, direction, or distance, the huge potential of encoders enables users to use this information with high accuracy. Encoders are used in various industries and fields, such as home automation, industrial automation, healthcare, hospitals, military ships, defense, etc. to improve accuracy and timely work response.

Global Encoder IC Market: Key Insights

Global Encoder IC Market Size, Forecast and Trend Highlights from 2023 to 2033

The global encoder IC market is expected to garner revenue of approximately USD 700 million by the end of 2033, growing at a CAGR of approximately 8% during the forecast period, i.e., 2023 to 2033. Furthermore, the revenue generated by the market is expected to reach approximately USD 450 million in 2022. The growth of the market can be attributed to the increasing penetration of IoT devices and the increasing use of encoder ICs in IoT to provide solutions for motion control in industrial automation systems and smart manufacturing. For instance, the number of IoT devices worldwide is expected to increase from 9 billion in 2020 to over 28 billion by 2030. Moreover, the increasing use of encoder ICs in communication systems to transmit digital information is another key factor that is expected to further drive the market growth throughout the forecast period.

Apart from this, factors believed to be driving the growth of the encoder IC market include the dynamic growth in the number of complex and expanding applications, the shift of manual control to cloud applications, and cutting-edge automation are expected to boost the growth of the encoder IC market. For instance, around 75% of enterprises have been using cloud initiatives to achieve business growth, while around 66% have shifted workloads to the cloud in 2020. Globally, enterprise cloud spending is expected to reach nearly 16% of IT revenue by 2024. Furthermore, the increasing use of encoder ICs in medical scanners, scientific instruments, automation, printers, and other fields is expected to present the potential for market expansion during the forecast period.

Global Encoder IC Market: Growth Drivers and Challenges

Growth Drivers

• Increased spending on digital transformation – The growing trend of transforming business processes from non-digital platforms to fully digital platforms is expected to boost the implementation of these advanced ICs. For example, the world is expected to spend about $1 trillion on digital transformation by 2022, and by 2025, this spending is expected to reach about $3 trillion.

• The Rising Trend of Internet of Medical Things (IoMT) - The integration of sensing information, automatic processing and network communication makes IoMT a promising technology for rapid diagnosis, dynamic monitoring and tracking, and better treatment. According to the United Nations Industrial Development Organization, China's smart field hospital medical services are using Dahua Technology's artificial intelligence and IoT synchronized devices, including smart bracelets and rings.

• Emerging digital and wireless connections – For example, digital connections are expected to become a significant source of connectivity worldwide by 2030. Mobile Internet subscriptions are expected to reach 5 billion globally, with a penetration rate of 63%, and unique mobile subscribers are expected to reach 6 billion, with a penetration rate of 73%, by 2025. The number of digital devices worldwide is expected to triple, with the Asia-Pacific, Middle East and Africa region accounting for 61% of mobile traffic.

• Industrial Automation and Control Implementation - In industrial automation , the use of various control systems and devices (i.e., computer software and robots) to perform tasks and operate different types of machines and processes is growing rapidly. According to a report published by the World Economic Forum, by 2025, machines are expected to perform more current work tasks than humans, who currently perform 71% of work tasks.

• Growth in the automotive industry - For example, nearly 82 million cars were produced worldwide between 2019 and 2021. In addition, the proportion of passenger cars produced during the same period exceeded nearly 57 million units, accounting for nearly 73% of total motor vehicle production.

challenge

• Mechanical fragility of encoder ICs - Encoder ICs suffer from a number of mechanical issues, including no output, difficulty in repairing index pulses, and output indicating the wrong direction during actuation. Hence, the mechanical fragility of encoder ICs is expected to hamper the growth of the market over the forecast period.
• Semiconductor raw material price fluctuations
• Supply chain issues related to geopolitical tensions

Market segmentation

The global encoder IC market is segmented and analyzed on the basis of demand and supply in application segments such as consumer electronics, automotive, healthcare and medical equipment, industrial, assembly equipment, etc. Among these segments, consumer electronics is expected to capture the largest market share during the forecast timeframe. The growth of this segment can be attributed to the widespread adoption of smart home devices across the globe. The use of multiple smart home devices is increasing due to their advantages, including highly optimized home management insights, remote monitoring, connectivity, enhanced security, etc. For instance, in the U.S., approximately 60 million households are currently using smart home devices, up from 6.9% in 2021, and the trend is expected to increase to 64 million by 2025.

The global encoder IC market has also been segmented and analyzed on the basis of technology with respect to demand and supply into optical sensing, magnetic sensing, capacitive, and inductive encoders. Among the four segments, optical sensing encoders are expected to account for a significant share with the growing demand for smart process automation , increasing deployment of advanced signal processing algorithms, and the high usage of absolute optical encoders in robotics. Apart from this, the increasing adoption of cutting-edge motion control systems and increased focus on high-quality surface mount technology (SMT) are expected to create significant opportunities for the growth of this segment over the estimated timeframe.

Our in-depth analysis of the global encoder IC market includes the following sub-markets:

Global Encoder IC Market Regional Overview

The North American encoder IC market is expected to account for the largest market share over all other regions by the end of 2033. The growth of the market is primarily attributed to the rising technological advancements in the industrial sector and the high deployment of advanced encoders with industrial automation. According to data released by the Census Bureau through the Annual Survey of Manufacturing, in 2018, more than 30% of workers in the North Americas used technological assistance and robots for various purposes such as transportation equipment, primary metals, plastics, and rubber products. Moreover, the presence of several encoder IC manufacturers in the region and the rising investments for significant upgrades in robotic process automation are expected to accelerate the market growth over the forecast period.

Furthermore, the encoder IC market in Asia Pacific is also expected to witness significant market growth by the end of 2033. The growth of this market can be attributed to the adoption of the latest technologies, the growth of industrial automation, and the increasing government policies promoting the adoption of Internet of Things (IoT) solutions in the manufacturing and industrial sectors. Moreover, the increase in spending on artificial intelligence is another major factor expected to drive market growth during the forecast period. For instance, spending on artificial intelligence technology (including software, hardware, and services) in Asia Pacific is expected to climb from nearly $21 billion in 2022 to approximately $48 billion in 2026.

Top Featured Companies Dominating the Global Encoder IC Market

• Schneider Electric

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• Broadcom
• Vishay Technologies
• Seiko NPC Co., Ltd.
• Renishaw
• Rockwell Automation
• Honeywell International
• Hamamatsu Photonics
• Sensata Technologies
• burns corp.