North America 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
North America encoder market is projected to grow by 8.5% annually in the forecast period and reach $1.48 billion by 2033. The growth is driven by the increased need for high-level automation across various industries, the surging demand for automobile and consumer electronics, and technological advancements.
Highlighted with 23 tables and 46 figures, this 114-page report “North America Encoder Market 2023-2033 by Encoder Type (Rotary, Linear), Signal Type (Absolute, Incremental), Technology (Optical, Magnetic, Photoelectric, Inductive), Application (Automotive, Electronics, Industrial, Healthcare), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire North America encoder market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America encoder market in every aspect of the classification from perspectives of Encoder Type, Signal Type, Technology, Application, and Country.
Based on Encoder Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.
• Rotary Encoders
• Linear Encoders
Based on Signal Type, the North America 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 North America 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 North America 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:
• U.S.
• Canada
• Mexico
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 North America 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 North America 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 North America 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 North America 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 North America Market 2023-2033 by Country 73
7.1 Overview of North America Market 73
7.2 U.S. 76
7.3 Canada 79
7.4 Mexico 81
8 Competitive Landscape 83
8.1 Overview of Key Vendors 83
8.2 New Product Launch, Partnership, Investment, and M&A 86
8.3 Company Profiles 87
Balluff Inc. 87
Baumer Group 89
Dynapar Corporation (Fortive Corporation) 90
Elap Srl 91
Faulhaber Group 92
Fraba B.V. (Posital Fraba Inc.) 93
Gurley Precision Instruments 94
Heidenhain GmbH 95
Hengstler GmbH 96
Honeywell International 97
IFM Electronic GmbH 98
Kubler Group 99
Maxon Motor AG 100
Mitutoyo Corporation 101
Omron Corporation 102
Panasonic Corporation 103
Pepperl+Fuchs International 104
Pilz GmbH & Co. KG 105
Renishaw PLC 106
Rockwell Automation Inc. 107
Schneider Electric 108
Sensata Technologies, Inc. 109
Sick AG 110
Siko GmbH 111
Tamagawa Seiki Co. 112
TE Connectivity 113
RELATED REPORTS 114
List of Tables:
Table 1. Snapshot of North America 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 North America Encoder Market 38
Table 7. North America Encoder Market by Encoder Type, 2023-2033, $ mn 46
Table 8. North America Encoder Market by Signal Type, 2023-2033, $ mn 50
Table 9. North America Encoder Market by Technology, 2023-2033, $ mn 54
Table 10. North America Encoder Market by Application, 2023-2033, $ mn 61
Table 11. North America Encoder Market by Country, 2023-2033, $ mn 74
Table 12. U.S. Encoder Market by Encoder Type, 2023-2033, $ mn 78
Table 13. U.S. Encoder Market by Technology, 2023-2033, $ mn 78
Table 14. U.S. Encoder Market by Application, 2023-2033, $ mn 78
Table 15. Canada Encoder Market by Encoder Type, 2023-2033, $ mn 80
Table 16. Canada Encoder Market by Technology, 2023-2033, $ mn 80
Table 17. Canada Encoder Market by Application, 2023-2033, $ mn 80
Table 18. Mexico Encoder Market by Encoder Type, 2023-2033, $ mn 82
Table 19. Mexico Encoder Market by Technology, 2023-2033, $ mn 82
Table 20. Mexico Encoder Market by Application, 2023-2033, $ mn 82
Table 21. Balluff Inc.: Company Snapshot 87
Table 22. Balluff Inc.: Business Segmentation 88
Table 23. Balluff Inc.: Product Portfolio 88
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. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 16
Figure 4. Industry Value Chain Analysis 19
Figure 5. North America Encoder Market, 2023-2033, $ mn 20
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of North America 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 North America Encoder Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of North America Encoder Market 42
Figure 14. Breakdown of North America Encoder Market by Encoder Type, 2023-2033, % of Revenue 47
Figure 15. North America Addressable Market Cap in 2024-2033 by Encoder Type, Value ($ mn) and Share (%) 47
Figure 16. North America Encoder Market by Encoder Type: Rotary Encoders, 2023-2033, $ mn 48
Figure 17. North America Encoder Market by Encoder Type: Linear Encoders, 2023-2033, $ mn 49
Figure 18. Breakdown of North America Encoder Market by Signal Type, 2023-2033, % of Sales Revenue 51
Figure 19. North America Addressable Market Cap in 2024-2033 by Signal Type, Value ($ mn) and Share (%) 51
Figure 20. North America Encoder Market by Signal Type: Absolute Encoders, 2023-2033, $ mn 52
Figure 21. North America Encoder Market by Signal Type: Incremental Encoders, 2023-2033, $ mn 53
Figure 22. Breakdown of North America Encoder Market by Technology, 2023-2033, % of Sales Revenue 55
Figure 23. North America Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%) 55
Figure 24. North America Encoder Market by Technology: Optical Encoders, 2023-2033, $ mn 56
Figure 25. North America Encoder Market by Technology: Magnetic Encoders, 2023-2033, $ mn 57
Figure 26. North America Encoder Market by Technology: Photoelectric Encoders, 2023-2033, $ mn 58
Figure 27. North America Encoder Market by Technology: Inductive Encoders, 2023-2033, $ mn 59
Figure 28. North America Encoder Market by Technology: Other Technologies, 2023-2033, $ mn 60
Figure 29. Breakdown of North America Encoder Market by Application, 2023-2033, % of Revenue 62
Figure 30. North America Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 62
Figure 31. North America Encoder Market by Application: Automotive, 2023-2033, $ mn 63
Figure 32. North America Encoder Market by Application: Consumer Electronics, 2023-2033, $ mn 64
Figure 33. North America Encoder Market by Application: Textile, 2023-2033, $ mn 65
Figure 34. North America Encoder Market by Application: Printing Machinery, 2023-2033, $ mn 66
Figure 35. North America Encoder Market by Application: Industrial, 2023-2033, $ mn 67
Figure 36. North America Encoder Market by Application: Healthcare, 2023-2033, $ mn 68
Figure 37. North America Encoder Market by Application: Food & Beverage, 2023-2033, $ mn 69
Figure 38. North America Encoder Market by Application: Power, 2023-2033, $ mn 70
Figure 39. North America Encoder Market by Application: Aerospace, 2023-2033, $ mn 71
Figure 40. North America Encoder Market by Application: Other Applications, 2023-2033, $ mn 72
Figure 41. Breakdown of North America Encoder Market by Country, 2023 and 2033, % of Revenue 74
Figure 42. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 43. U.S. Encoder Market, 2023-2033, $ mn 77
Figure 44. Canada Encoder Market, 2023-2033, $ mn 79
Figure 45. Encoder Market in Mexico, 2023-2033, $ mn 81
Figure 46. Growth Stage of North America Encoder Industry over the Forecast Period 83
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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