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Encoders Industry | Encoders Market worth $2.4 billion by 2024 growing with a CAGR of 8.6%

The encoders market is expected to grow from USD 1.6 billion in 2019 to USD 2.4 billion by 2024 at a CAGR of 8.6%

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Encoders Industry | Encoders Market worth $2.4 billion by 2024 growing with a CAGR of 8.6%

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  1. Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography - Global Forecast to 2024 According to the new market research report "Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography - Global Forecast to 2024",the encoders market is expected to grow from USD 1.6 billion in 2019 to USD 2.4 billion by 2024—at a CAGR of 8.6%. Major factors surging the demand for encoders include the need for high-end automation and industry 4.0. Don’t miss out on business opportunities in encoders market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=14566162 Industrial to account for largest share of encoders market from 2019 to 2024 Industrial is expected to be the key end use segment for encoders. The industrial end use is growing rapidly due to the increasing use of robotics in welding, painting, assembly, and pick and place for printed circuit boards, packaging and labeling, and other applications. Encoders in industrial applications are used for linear measurement, registration mark timing, web tensioning, backstop gauging, conveying, filling, and more. The most common application is providing feedback in motion control of electric motors. Browse and in-depth TOC on " Encoders Market " 67 - Tables 33 - Figures 132 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/encoder-market- 14566162.html

  2. Optical technology to boost demand for encoders during forecast period Optical technology is expected to hold the largest share of the encoders market during the forecast period. This growth is attributed to the wide-scale application of optical encoders in the textile, paper, wood, metal, rubber, plastics, consumer electronics, and automation sectors. In addition, owing to the need for more accurate data, the demand for optical encoders is increasing. Most applications use optical encoders because of the accuracy provided by them. Optical encoders do not require any separate electronics to provide position or exact location. APAC to hold largest share of encoder market from 2019 to 2024 APAC is expected to hold the largest share of the overall encoders market in 2019. The market in APAC is also likely to exhibit the highest CAGR during the forecast period. Major factors driving the growth of the encoders market in APAC is the increased demand for encoders in countries such as China, Japan, and India from the manufacturing, consumer electronics, automotive, textile, and other end-use industries. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=14566162 HEIDENHAIN Gmbh (Germany), POSITAL FRABA inc (Germany), Sensata Technologies (US), Dynapar Corporation (US), and Baumer Group (Switzerland) are among the few major players in the encoders market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging

  3. segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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