Europe Encoder Market Size & Outlook, 2023-2030

The encoder market in Europe is expected to reach a projected revenue of US$ 1,482.3 million by 2030. A compound annual growth rate of 9.6% is expected of Europe encoder market from 2024 to 2030.
Revenue, 2023 (US$M)
$778.1
Forecast, 2030 (US$M)
$1,482.3
CAGR, 2024 - 2030
9.6%
Report Coverage
Europe

Europe encoder market, 2018-2030 (US$M)

Europe

Europe encoder market highlights

  • The Europe encoder market generated a revenue of USD 778.1 million in 2023.
  • The market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
  • In terms of segment, rotary encoder was the largest revenue generating type in 2023.
  • Rotary Encoder is the most lucrative type segment registering the fastest growth during the forecast period.


Europe data book summary

Market revenue in 2023USD 778.1 million
Market revenue in 2030USD 1,482.3 million
Growth rate9.6% (CAGR from 2023 to 2030)
Largest segmentRotary encoder
Fastest growing segmentRotary Encoder
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationRotary Encoder


Other key industry trends

  • In terms of revenue, Europe region accounted for 25.8% of the global encoder market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,198.4 million by 2030.

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Encoder Market Scope

Encoder market segmentation & scope
Rotary Encoder
Linear Encoder
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

Europe encoder market

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