Latin America Encoder Market Size & Outlook, 2023-2030
The encoder market in Latin America is expected to reach a projected revenue of US$ 357.7 million by 2030. A compound annual growth rate of 14% is expected of Latin America encoder market from 2024 to 2030.
Revenue, 2023 (US$M)
$142.9
Forecast, 2030 (US$M)
$357.7
CAGR, 2024 - 2030
14%
Report Coverage
Latin America
Latin America encoder market highlights
- The Latin America encoder market generated a revenue of USD 142.9 million in 2023.
- The market is expected to grow at a CAGR of 14% 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.
Latin America data book summary
| Market revenue in 2023 | USD 142.9 million |
| Market revenue in 2030 | USD 357.7 million |
| Growth rate | 14% (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, Latin America region accounted for 4.7% 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
Signal
Incremental
Absolute
Technology
Magnetic
Optical
Others (mechanical, laser, visual sensing technologies)
Inductive
Application
Industrial
Consumer Electronics
Aerospace
Others (Marine, Chemicals, Oil & Gas, Mining)
Automotive
Food & Beverage
Printing
Healthcare & Life Sciences
Power
Textile
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 |
|---|---|---|---|---|
| Renishaw | View profile | 5001-10000 | Gloucester, Gloucestershire, United Kingdom, Europe | http://www.renishaw.com |
| Pilz | View profile | 1001-5000 | Safenwil, Aargau, Switzerland, Europe | http://www.pilz.com |
| Mitutoyo Corporation | View profile | - | Kawasaki, Kanagawa, Japan, Asia | https://www.mitutoyo.co.jp/eng/ |
| Heidenhain | View profile | 5001-10000 | Traunreut, Bayern, Germany, Europe | https://www.heidenhain.com |
| Balluff | View profile | 1001-5000 | Florence, Kentucky, United States, North America | http://www.balluff.com |
| ifm ecomatic | View profile | 1001-5000 | Essen, Nordrhein-Westfalen, Germany, Europe | https://www.ifm-electronic.com |
| Sensata Technologies Holding PLC | View profile | 19400 | 529 Pleasant Street, Attleboro, MA, United States, 02703 | https://www.sensata.com |
| Pepperl+Fuchs | View profile | 5001-10000 | Mannheim, Baden-Wurttemberg, Germany, Europe | http://www.pepperl-fuchs.com |
| Fortive Corp | View profile | 18000 | 6920 Seaway Boulevard, Everett, WA, United States, 98203 | https://www.fortive.com |
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