Global Encoder Market Size & Outlook, 2023-2030
The encoder industry worldwide is expected to reach a projected revenue of US$ 6,504.0 million by 2030. A compound annual growth rate of 11.6% is expected of the worldwide encoder industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,010.5
Forecast, 2030 (US$M)
$6,504.0
CAGR, 2024 - 2030
11.6%
Report Coverage
Worldwide
Global encoder market, 2018-2030 (US$M)
Global encoder market highlights
- The global encoder market generated a revenue of USD 3,010.5 million in 2023 and is expected to reach USD 6,504.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.6% by 2030.
- In terms of segment, rotary encoder accounted for a revenue of USD 3,010.5 million in 2023.
- Rotary Encoder is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 3,010.5 million |
| Market revenue in 2030 | USD 6,504.0 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Rotary encoder |
| Fastest growing segment | Rotary Encoder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotary Encoder |
Other key industry trends
- In terms of revenue, the North America accounted for 39.5% of the global encoder market in 2023.
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Encoder Market Scope
Encoder market segmentation & scope
Signal
Incremental
Absolute
Technology
Magnetic
Inductive
Optical
Others (mechanical, laser, visual sensing technologies)
Application
Industrial
Healthcare & Life Sciences
Automotive
Consumer Electronics
Power
Food & Beverage
Aerospace
Printing
Textile
Others (Marine, Chemicals, Oil & Gas, Mining)
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Encoder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global encoder market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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