The global optical encoder market is estimated to be valued at US$ 2,184.3 million in 2021 and is expected to exhibit a CAGR of 8.7% over the forecast period (2021-2028).

optical encoder market


An Optical Encoder Market is an electromechanical device with mechanical input and electrical output that generates numerous digital signals corresponding to the input shaft's regular displacement. The incremental encoder and the absolute encoder are the two types of optical encoders. The use of incremental encoders is very prevalent. The incremental encoder senses the angular position of the shaft using two sensing channels (A and B) and creates square waves for each incremental rotation of the shaft. Furthermore, the absolute encoder is a positioning encoder that delivers absolute positional information as well as periodic information about the disc and retains that information after the power is turned off. There are two types of absolute encoders: single-turn absolute encoders and multi-turn absolute encoders.

Recent Happenings:

Optical Encoder Market, inclinometers, and motion control components are designed and manufactured by US Digital, a firm situated in the United States. The new E16 Micro Optical Kit Encoder will be available on September 16, 2020. It has a 10mm bolt circle, accommodates 1.5mm (0.059′′) and 2mm (0.079′′) shafts, and offers A, B, and Index digital quadrature signals.

Renishaw plc, headquartered in Wotton-under-Edge, England, is a global leader in engineering and scientific technologies. The business announced the release of "TONiC," a new super-compact non-contact optical encoder with speeds up to 10 m/s and resolutions down to 5 nm for both linear and rotary applications, in December 2019.

Drivers of the Global Optical Encoder Market

During the projected period, the worldwide optical encoder market is expected to develop due to an increase in the usage of advanced motion control systems. Offshore equipment, construction machinery, automotive, military & aerospace, and alternative energy systems are among the industries that have implemented advanced motion control systems.

Opportunities in the Global Optical Encoder Market

In hybrid absolute rotational encoders, signal-on-demand can present significant economic prospects. Absolute or incremental rotational encoders are being used in a large number of position encoding applications. In hybrid absolute or incremental rotational encoders, 'signal on-demand is gaining popularity for use in a variety of industries.

Competitive Section

Major companies involved in the global optical encoder market are Honeywell International Inc., Renishaw plc, Sensata Technologies, Inc., US Digital, Rockwell Automation, Inc., Allied Motion Technologies Inc., and Grayhill Inc.

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