Global Encoder Market is estimated to be valued at USD 3.45 Bn in 2025 and is expected to reach USD 5.91 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 3.45 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
8.00%
2032 Value Projection:
USD 5.91 Bn
Figure. Encoder Market Share (%), By Region 2025
Encoders are electromechanical devices that convert motion into electronic pulses to determine position, velocity, or angle. They are used extensively in industrial equipment, motor vehicles, robotics, and automation applications. Growth in industrial automation and adoption across various end-use industries such as automotive, electronics, manufacturing, etc. is expected to drive the demand for encoders during the forecast period.
Market Dynamics:
The global encoder market is driven by increasing industrial automation across various industries. Growing demand for industrial robots and automated machinery in the manufacturing sector is a key driver. Moreover, increasing electronics production and adoption of automation in the automotive industry is supporting the market growth. However, the availability of alternatives, such as resolvers and higher initial costs of encoders, are some factors restraining the market growth. Development of encoders with additional capabilities to measure multiple parameters is expected to create new opportunities during the forecast period.
Key Features of the Study:
This report provides in-depth analysis of the global encoder market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global encoder market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Baumer Group, Dynapar Corporation (Fortive Corporation), FAULHABER Drive Systems, HEIDENHAIN, Hengstler GMBH (Fortive Corporation), Honeywell International, Maxon Motor AG, Omron Corporation, Panasonic Corporation, Pepperl+Fuchs International, POSITAL FRABA Inc. (FRABA BV), Renishaw PLC, Rockwell Automation Inc., Schneider Electric, and Sensata Technologies
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global encoder market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global encoder market
Detailed Segmentation:
By Type
Rotary Encoder
Linear Encoder
By Technology
Optical
Magnetic
Photoelectric
Others
By End-use Industry
Automotive
Textile
Healthcare & Medical Devices
Industrial
Printing Machinery
Electronics
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
Baumer Group
Dynapar Corporation (Fortive Corporation)
FAULHABER Drive Systems
HEIDENHAIN
Hengstler GMBH (Fortive Corporation)
Honeywell International
Maxon Motor AG
Omron Corporation
Panasonic Corporation
Pepperl+Fuchs International
POSITAL FRABA Inc. (FRABA BV)
Renishaw PLC
Rockwell Automation Inc.
Schneider Electric
Sensata Technologies
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Technology
Market Snippet, By End-use Industry
Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Encoder Market, By Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Rotary Encoder
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Linear Encoder
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
5. Global Encoder Market, By Technology, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Optical
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Magnetic
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Photoelectric
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
6. Global Encoder Market, By End-use Industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Automotive
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Textile
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Healthcare & Medical Devices
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Industrial
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Printing Machinery
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Electronics
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
7. Global Encoder Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
North America
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)