A rotary encoder also known as shaft encoder, is an electromechanical device which converts angular motion or position of axle or shaft to a digital signal. A rotary encoder is a kind of position sensor that is used in defining the angular situation of a rotating shaft. A rotary encoder also creates an electrical signal, either digital or analog which depends on the rotational movement.
MARKET SCOPE
The "Global Absolute Rotary Encoders Market Analysis to 2028" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the absolute rotary encoders market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading absolute rotary encoder's market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on type, the global absolute rotary encoders market is segmented into mechanical absolute encoder, optical absolute encoder, and others.
-On the basis of application, the market is segmented into elevator, NC machine tool, textile machinery, and others.
Drivers
-Increasing automation in various industries such as aerospace, automotive, packaging, healthcare, and electronics which is driving the rowth of the market.
-Increasing use of rotary encoders in automobiles sector is the main factor which is increasing the demand for rotary encoders market globally.
-Adoption of rotary encoders in aerospace industries. In aerospace industries, these sensors are used for automation in the aerospace industries.
-Lack of product differentiation may hamper the growth of absolute rotary encoders market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The absolute rotary encoders market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the absolute rotary encoders market in these regions.
IMPACT OF COVID-19 ON ABSOLUTE ROTARY ENCODERS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the absolute rotary encoders market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from absolute rotary encoders market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the absolute rotary encoders market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Heidenhain
-Tamagawa
-Nemicon
-Pepperl+Fuchs
-TR Electronic
-TR Electronic
-Kuebler
-Danaher (Hengstler)
-Omron
-Koyo Electronics Industries Co. , Ltd.