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)
$357.7
CAGR, 2024 - 2030
14%
Report Coverage
Latin America
Latin America encoder market, 2018-2030 (US$M)
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
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Application
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Australia
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Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Encoder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America encoder market
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