Asia Pacific Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity
Asia Pacific encoder market will grow by 10.6% annually with a total addressable market cap of $18.21 billion over 2024-2033. The growth is driven by the increased need for high-level automation across various industries, the surging demand for automobile and consumer electronics, and technological advancements.
Highlighted with 30 tables and 49 figures, this 120-page report “Asia Pacific Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Asia Pacific encoder market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific encoder market in every aspect of the classification from perspectives of Encoder Type, Signal Type, Technology, Application, and Country.
Based on Encoder Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Rotary Encoders
• Linear Encoders
Based on Signal Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Absolute Encoders
• Incremental Encoders
By Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Optical Encoders
• Magnetic Encoders
• Photoelectric Encoders
• Inductive Encoders
• Other Technologies
By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Automotive
• Consumer Electronics
• Textile
• Printing Machinery
• Industrial
• Healthcare
• Food & Beverage
• Power
• Aerospace
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Encoder Type, Technology, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Balluff Inc.
Baumer Group
Dynapar Corporation (Fortive Corporation)
Elap Srl
Faulhaber Group
Fraba B.V. (Posital Fraba Inc.)
Gurley Precision Instruments
Heidenhain GmbH
Hengstler GmbH
Honeywell International
IFM Electronic GmbH
Kubler Group
Maxon Motor AG
Mitutoyo Corporation
Omron Corporation
Panasonic Corporation
Pepperl+Fuchs International
Pilz GmbH & Co. KG
Renishaw PLC
Rockwell Automation Inc.
Schneider Electric
Sensata Technologies, Inc.
Sick AG
Siko GmbH
Tamagawa Seiki Co.
TE Connectivity
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 25
2.1.3 Impact of Russia-Ukraine Conflict 27
2.1.4 Impact of Israel-Palestine War 29
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Asia Pacific Market by Encoder Type 46
3.1 Market Overview by Encoder Type 46
3.2 Rotary Encoders 48
3.3 Linear Encoders 49
4 Segmentation of Asia Pacific Market by Signal Type 50
4.1 Market Overview by Signal Type 50
4.2 Absolute Encoders 52
4.3 Incremental Encoders 53
5 Segmentation of Asia Pacific Market by Technology 54
5.1 Market Overview by Technology 54
5.2 Optical Encoders 56
5.3 Magnetic Encoders 57
5.4 Photoelectric Encoders 58
5.5 Inductive Encoders 59
5.6 Other Technologies 60
6 Segmentation of Asia Pacific Market by Application 61
6.1 Market Overview by Application 61
6.2 Automotive 63
6.3 Consumer Electronics 64
6.4 Textile 65
6.5 Printing Machinery 66
6.6 Industrial 67
6.7 Healthcare 68
6.8 Food & Beverage 69
6.9 Power 70
6.10 Aerospace 71
6.11 Other Applications 72
7 Asia-Pacific Market 2023-2033 by Country 73
7.1 Overview of Asia-Pacific Market 73
7.2 Japan 76
7.3 China 79
7.4 Australia 81
7.5 India 83
7.6 South Korea 85
7.7 Rest of APAC Region 87
8 Competitive Landscape 89
8.1 Overview of Key Vendors 89
8.2 New Product Launch, Partnership, Investment, and M&A 92
8.3 Company Profiles 93
Balluff Inc. 93
Baumer Group 95
Dynapar Corporation (Fortive Corporation) 96
Elap Srl 97
Faulhaber Group 98
Fraba B.V. (Posital Fraba Inc.) 99
Gurley Precision Instruments 100
Heidenhain GmbH 101
Hengstler GmbH 102
Honeywell International 103
IFM Electronic GmbH 104
Kubler Group 105
Maxon Motor AG 106
Mitutoyo Corporation 107
Omron Corporation 108
Panasonic Corporation 109
Pepperl+Fuchs International 110
Pilz GmbH & Co. KG 111
Renishaw PLC 112
Rockwell Automation Inc. 113
Schneider Electric 114
Sensata Technologies, Inc. 115
Sick AG 116
Siko GmbH 117
Tamagawa Seiki Co. 118
TE Connectivity 119
RELATED REPORTS 120
List of Tables:
Table 1. Snapshot of Asia Pacific Encoder Market in Balanced Perspective, 2023-2033 17
Table 2. World Economic Outlook, 2024-2036 22
Table 3. World Economic Outlook, 2022-2024 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Scenarios for Economic Impact of Israel-Palestine War 29
Table 6. Main Product Trends and Market Opportunities in Asia Pacific Encoder Market 38
Table 7. Asia Pacific Encoder Market by Encoder Type, 2023-2033, $ mn 46
Table 8. Asia Pacific Encoder Market by Signal Type, 2023-2033, $ mn 50
Table 9. Asia Pacific Encoder Market by Technology, 2023-2033, $ mn 54
Table 10. Asia Pacific Encoder Market by Application, 2023-2033, $ mn 61
Table 11. APAC Encoder Market by Country, 2023-2033, $ mn 74
Table 12. Japan Encoder Market by Encoder Type, 2023-2033, $ mn 78
Table 13. Japan Encoder Market by Technology, 2023-2033, $ mn 78
Table 14. Japan Encoder Market by Application, 2023-2033, $ mn 78
Table 15. China Encoder Market by Encoder Type, 2023-2033, $ mn 80
Table 16. China Encoder Market by Technology, 2023-2033, $ mn 80
Table 17. China Encoder Market by Application, 2023-2033, $ mn 80
Table 18. Australia Encoder Market by Encoder Type, 2023-2033, $ mn 82
Table 19. Australia Encoder Market by Technology, 2023-2033, $ mn 82
Table 20. Australia Encoder Market by Application, 2023-2033, $ mn 82
Table 21. India Encoder Market by Encoder Type, 2023-2033, $ mn 84
Table 22. India Encoder Market by Technology, 2023-2033, $ mn 84
Table 23. India Encoder Market by Application, 2023-2033, $ mn 84
Table 24. South Korea Encoder Market by Encoder Type, 2023-2033, $ mn 86
Table 25. South Korea Encoder Market by Technology, 2023-2033, $ mn 86
Table 26. South Korea Encoder Market by Application, 2023-2033, $ mn 86
Table 27. Encoder Market in Rest of APAC by Country/Region, 2023-2033, $ mn 88
Table 28. Balluff Inc.: Company Snapshot 93
Table 29. Balluff Inc.: Business Segmentation 94
Table 30. Balluff Inc.: Product Portfolio 94
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 16
Figure 4. Industry Value Chain Analysis 19
Figure 5. Asia Pacific Encoder Market, 2023-2033, $ mn 20
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Encoder Market 30
Figure 8. World Industrial Robotics Market by Shipment, 2022-2032, thousand units 33
Figure 9. World Vehicle Production by Car Type, 2019-2030, million units 33
Figure 10. World Electrical & Electronics Industry, 2019-2030, $ trillion 34
Figure 11. Primary Restraints and Impact Factors of Asia Pacific Encoder Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of Asia Pacific Encoder Market 42
Figure 14. Breakdown of Asia Pacific Encoder Market by Encoder Type, 2023-2033, % of Revenue 47
Figure 15. Asia Pacific Addressable Market Cap in 2024-2033 by Encoder Type, Value ($ mn) and Share (%) 47
Figure 16. Asia Pacific Encoder Market by Encoder Type: Rotary Encoders, 2023-2033, $ mn 48
Figure 17. Asia Pacific Encoder Market by Encoder Type: Linear Encoders, 2023-2033, $ mn 49
Figure 18. Breakdown of Asia Pacific Encoder Market by Signal Type, 2023-2033, % of Sales Revenue 51
Figure 19. Asia Pacific Addressable Market Cap in 2024-2033 by Signal Type, Value ($ mn) and Share (%) 51
Figure 20. Asia Pacific Encoder Market by Signal Type: Absolute Encoders, 2023-2033, $ mn 52
Figure 21. Asia Pacific Encoder Market by Signal Type: Incremental Encoders, 2023-2033, $ mn 53
Figure 22. Breakdown of Asia Pacific Encoder Market by Technology, 2023-2033, % of Sales Revenue 55
Figure 23. Asia Pacific Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%) 55
Figure 24. Asia Pacific Encoder Market by Technology: Optical Encoders, 2023-2033, $ mn 56
Figure 25. Asia Pacific Encoder Market by Technology: Magnetic Encoders, 2023-2033, $ mn 57
Figure 26. Asia Pacific Encoder Market by Technology: Photoelectric Encoders, 2023-2033, $ mn 58
Figure 27. Asia Pacific Encoder Market by Technology: Inductive Encoders, 2023-2033, $ mn 59
Figure 28. Asia Pacific Encoder Market by Technology: Other Technologies, 2023-2033, $ mn 60
Figure 29. Breakdown of Asia Pacific Encoder Market by Application, 2023-2033, % of Revenue 62
Figure 30. Asia Pacific Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 62
Figure 31. Asia Pacific Encoder Market by Application: Automotive, 2023-2033, $ mn 63
Figure 32. Asia Pacific Encoder Market by Application: Consumer Electronics, 2023-2033, $ mn 64
Figure 33. Asia Pacific Encoder Market by Application: Textile, 2023-2033, $ mn 65
Figure 34. Asia Pacific Encoder Market by Application: Printing Machinery, 2023-2033, $ mn 66
Figure 35. Asia Pacific Encoder Market by Application: Industrial, 2023-2033, $ mn 67
Figure 36. Asia Pacific Encoder Market by Application: Healthcare, 2023-2033, $ mn 68
Figure 37. Asia Pacific Encoder Market by Application: Food & Beverage, 2023-2033, $ mn 69
Figure 38. Asia Pacific Encoder Market by Application: Power, 2023-2033, $ mn 70
Figure 39. Asia Pacific Encoder Market by Application: Aerospace, 2023-2033, $ mn 71
Figure 40. Asia Pacific Encoder Market by Application: Other Applications, 2023-2033, $ mn 72
Figure 41. Breakdown of APAC Encoder Market by Country, 2023 and 2033, % of Revenue 74
Figure 42. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 43. Encoder Market in Japan, 2023-2033, $ mn 77
Figure 44. Encoder Market in China, 2023-2033, $ mn 79
Figure 45. Encoder Market in Australia, 2023-2033, $ mn 81
Figure 46. Encoder Market in India, 2023-2033, $ mn 83
Figure 47. Encoder Market in South Korea, 2023-2033, $ mn 85
Figure 48. Encoder Market in Rest of APAC, 2023-2033, $ mn 87
Figure 49. Growth Stage of Asia Pacific Encoder Industry over the Forecast Period 89
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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