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表紙：光学式エンコーダの世界市場：成長、将来展望、競合分析、2025年～2033年
市場調査レポート
商品コード
1645246

光学式エンコーダの世界市場：成長、将来展望、競合分析、2025年～2033年

Optical Encoder Market - Growth, Future Prospects and Competitive Analysis, 2025 - 2033

出版日
ページ情報
英文 177 Pages
納期
即日から翌営業日
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.06円
光学式エンコーダの世界市場：成長、将来展望、競合分析、2025年～2033年
出版日: 2024年12月10日
発行: Acute Market Reports
ページ情報: 英文 177 Pages
納期: 即日から翌営業日
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概要

光学式エンコーダは、光源（通常はLED）と光検出器を使用して、角度位置または直線位置を電気信号に変換する電気機械装置です。これらのデバイスは、位置検出の精度の高さから様々な産業で普及しており、ロボット、医療機器、産業機械などのデバイスに利用されています。光学式エンコーダ市場は2025年から2033年にかけてCAGR 9.7%で成長すると推定され、オートメーションと医療分野の進歩に牽引され、大きな成長の可能性を秘めています。

促進要因：自動化とインダストリー4.0の急増

21世紀は、オートメーションとインダストリー4.0のコンセプトが中心となり、製造業の情勢に大きな変化が起きています。この「スマート工場」に向けた変革的動向は、高度なロボット工学、IoTデバイス、リアルタイムデータ解析を採用し、生産を最適化します。これらの進歩の中心には、光学式エンコーダのようなデバイスがあり、精度を維持し、自動化された機械のシームレスな操作を保証するために不可欠です。例えば、組み立てラインでロボットアームが使用される場合、溶接やネジ締めなどの作業を行うには高精度で動く必要があります。ここでは光学式エンコーダが不可欠な役割を果たし、位置情報を制御システムにフィードバックして、ロボットのアームが正確な位置に確実に到達するようにします。さらに、世界経済フォーラムの報告書では、50％の企業がインダストリー4.0技術を積極的に導入していることが強調されており、これは光学式エンコーダの需要増と直結しています。

機会：医療機器と設備の拡大

ヘルスケアは日進月歩の産業であり、最近の進歩はテクノロジーに大きく依存しています。光学式エンコーダは、医療機器、特に精密な動作や測定が必要な機器において重要な位置を占めています。例えば、CTスキャナーやMRIスキャナーのような画像診断装置では、正確な画像を撮影するためにガントリーを特定の角度で回転させる必要があります。そこで光学式エンコーダの出番となり、リアルタイムの位置フィードバックが提供されます。さらに、各国政府が医療予算を増額していることを背景に、世界的にヘルスケアインフラ開発に重点が置かれていることから、医療機器やデバイスの生産が急増する可能性があり、光学式エンコーダメーカーのビジネスチャンスが拡大しています。

抑制要因：初期設定コストの高さ

光学式エンコーダは精度と信頼性を提供する一方で、その統合には大きなコストがかかります。産業界、特に中小企業は、光学式エンコーダの初期セットアップコストが高いと感じることが多いです。この課題は、ビジネスが薄利多売の発展途上地域で特に深刻です。さらに、定期的なメンテナンスと再校正の必要性が、運用コストにさらに拍車をかけています。アジア開発銀行の調査によると、多くのアジア諸国では中小企業が国内総生産の40%以上を占めており、この地域で費用効果の高いソリューションが必要であることが強調されています。

課題：小型化と高密度集積化

産業が小型で統合されたシステムにシフトするにつれ、多機能を備えた小型部品の需要が高まっています。この動向は、光学式エンコーダメーカーに小型でありながら効率的なエンコーダの製造を求めています。しかし、小型化には放熱、シグナルインテグリティ、耐久性などの課題がつきものです。例えば、重量とサイズが重要な要素である航空宇宙分野では、性能を損なうことなく小型の光学式エンコーダを統合することが重要な課題となっています。NASAのケーススタディでは、小型衛星システムに光学式エンコーダを統合する際に直面する複雑さが強調されており、このような課題に取り組む革新的なソリューションの必要性が強調されています。

構成別の洞察

シャフト型光学式エンコーダは、ダイレクトマウント設計とフレキシブルカップリングの使用で知られ、市場の収益に大きく貢献しています。中空軸エンコーダは、取り付けが簡単なためカップリングが不要で、スペースに制約のある用途に理想的なコンパクト設計となっています。しかし、中空軸エンコーダの成長は、アブソリュートエンコーダの急成長の影に隠れています。アブソリュートエンコーダは、インクリメンタルエンコーダとは異なり、各シャフト位置に対して固有のコードを提供するため、電力損失が発生してもシャフトの正確な位置を把握することができます。これは、精度が最重要視される産業において非常に重要なことです。マルチターンエンコーダの分野では、回転位置と回転数の両方を追跡し、ロボットアームやクレーンなどの用途で人気を博しています。インクリメンタルエンコーダは、シンプルで低コストであることから好まれており、安定した売上を記録しているが、アブソリュートエンコーダほど高い成長率は示していません。推定によると、2033年までにはアブソリュートエンコーダが最も高いCAGRを記録する見込みであり、その主な理由は、オートメーションやロボット工学において、正確でエラーのない位置フィードバックに対する需要が高まっているためです。

用途別の洞察

用途セグメントは、2024年に多様な動向を示しました。ヘルスケア機器は、精密診断と手術支援に重点が置かれていることから、光学式エンコーダが目立ちます。しかし、世界の電子ブームと半導体生産の増加に起因して、最も大きな収益シェアを占めたのは家電・半導体製造装置分野でした。世界の自動化とインダストリー4.0へのシフトに伴い、ロボット機器では光学式エンコーダの統合が急増し、アブソリュートエンコーダが好んで使用されました。試験・計測機器でも、ラボ環境での正確な読み取りを重視した光学式エンコーダの需要が堅調に推移しました。2033年までには、世界の産業オートメーション動向に牽引され、ロボット機器が最も高いCAGRを示すと予測される一方、民生用電子機器と半導体製造機器は引き続き圧倒的な収益シェアを維持するとみられます。

地域別の洞察

2024年には、中国やインドなどの製造大国を抱えるアジア太平洋地域が、収益ベースで光学式エンコーダ市場を独占しました。同地域の巨大な製造基盤と自動化動向の高まりが大きな役割を果たしました。しかし、堅調な自動車産業と産業部門を持つ欧州も、その後塵を拝することはありません。北米は、特にロボット工学とヘルスケアの分野で技術的進歩を遂げ、有望な成長を示しました。中東・アフリカ地域とラテンアメリカ地域は、収益面での貢献は少ないもの、製造業の芽生えと自動化動向の高まりを背景に見逃せません。2033年までには、アジア太平洋地域が圧倒的な収益ポジションを維持すると予想される一方、北米は急速な技術進歩と自動化およびロボット工学への多額の投資により、最も高いCAGRを記録すると予想されます。

競合動向

2025年、光学式エンコーダ市場の主要企業は、合併、買収、広範な研究開発などの戦略を採用し、優位性を維持しました。Honeywell International、Rockwell International、Renishaw PLC、Allied Motion Technologies、Sensata Technologies、US Digital、Bourns Inc.、Dynapar(Danaher Corporation)、GrayHill、CodeChampなどの企業が、技術的専門知識を活用して最前線に立ちました。また、成長市場の多様なニーズに応える革新的でコンパクトな高分解能光学式エンコーダの発表に重点が置かれました。包括的な動向として、IoTの統合に向けた動きがあり、遠隔監視やリアルタイムのフィードバックが可能になりました。2033年に向けて、企業はAIと機械学習をより深く掘り下げ、これらの技術を光学式エンコーダに統合して効率性と予測可能性を高めることが期待されます。

目次

第1章 序文

  • レポート内容
    • レポートの目的
    • 対象者
    • 主な提供
  • 市場セグメンテーション
  • 調査手法
    • フェーズⅠ - 二次調査
    • フェーズⅡ - 一次調査
    • フェーズⅢ - 有識者レビュー
    • 前提条件
    • 採用したアプローチ

第2章 エグゼクティブサマリー

第3章 光学式エンコーダ市場：競合分析

  • 主要ベンダーの市場ポジショニング
  • ベンダーが採用した戦略
  • 主要な産業戦略

第4章 光学式エンコーダ市場：マクロ分析と市場力学

  • イントロダクション
  • 世界の光学式エンコーダ市場価値（2023年～2033年）
  • 市場力学
    • 市場促進要因
    • 市場抑制要因
    • 主な課題
    • 主な機会
  • 促進要因と抑制要因の影響分析
  • シーソー分析
  • ポーターのファイブフォースモデル
    • サプライヤーパワー
    • バイヤーパワー
    • 代替品の脅威
    • 新規参入業者の脅威
    • 競争企業間の敵対関係
  • PESTEL分析
    • 政治情勢
    • 経済情勢
    • 技術情勢
    • 法的情勢
    • 社会情勢

第5章 光学式エンコーダ市場：構成別（2023年～2033年）

  • 市場概要
  • 成長・収益分析：2024年 vs 2033年
  • 市場セグメンテーション
    • シャフト
    • 中空シャフト
    • 絶対
    • マルチターン
    • 増分

第6章 光学式エンコーダ市場：出力信号形式別（2023年～2033年）

  • 市場概要
  • 成長・収益分析：2024年 vs 2033年
  • 市場セグメンテーション
    • アナログ
    • デジタル

第7章 光学式エンコーダ市場：用途別（2023年～2033年）

  • 市場概要
  • 成長・収益分析：2024年 vs 2033年
  • 市場セグメンテーション
    • ヘルスケア機器
    • 民生用電子機器および半導体製造装置
    • ロボット機器
    • 試験・計測機器
    • その他

第8章 北米の光学式エンコーダ市場（2023年～2033年）

  • 市場概要
  • 光学式エンコーダ市場：構成別（2023年～2033年）
  • 光学式エンコーダ市場：出力信号形式別（2023年～2033年）
  • 光学式エンコーダ市場：用途別（2023年～2033年）
  • 光学式エンコーダ市場：地域別（2023年～2033年）
    • 北米
      • 米国
      • カナダ
      • その他北米

第9章 英国と欧州連合の光学式エンコーダ市場（2023年～2033年）

  • 市場概要
  • 光学式エンコーダ市場：構成別（2023年～2033年）
  • 光学式エンコーダ市場：出力信号形式別（2023年～2033年）
  • 光学式エンコーダ市場：用途別（2023年～2033年）
  • 光学式エンコーダ市場：地域別（2023年～2033年）
    • 英国と欧州連合
      • 英国
      • ドイツ
      • スペイン
      • イタリア
      • フランス
      • その他欧州

第10章 アジア太平洋の光学式エンコーダ市場（2023年～2033年）

  • 市場概要
  • 光学式エンコーダ市場：構成別（2023年～2033年）
  • 光学式エンコーダ市場：出力信号形式別（2023年～2033年）
  • 光学式エンコーダ市場：用途別（2023年～2033年）
  • 光学式エンコーダ市場：地域別（2023年～2033年）
    • アジア太平洋
      • 中国
      • 日本
      • インド
      • オーストラリア
      • 韓国
      • その他アジア太平洋

第11章 ラテンアメリカの光学式エンコーダ市場（2023年～2033年）

  • 市場概要
  • 光学式エンコーダ市場：構成別（2023年～2033年）
  • 光学式エンコーダ市場：出力信号形式別（2023年～2033年）
  • 光学式エンコーダ市場：用途別（2023年～2033年）
  • 光学式エンコーダ市場：地域別（2023年～2033年）
    • ラテンアメリカ
      • ブラジル
      • メキシコ
      • その他ラテンアメリカ

第12章 中東・アフリカの光学式エンコーダ市場（2023年～2033年）

  • 市場概要
  • 光学式エンコーダ市場：構成別（2023年～2033年）
  • 光学式エンコーダ市場：出力信号形式別（2023年～2033年）
  • 光学式エンコーダ市場：用途別（2023年～2033年）
  • 光学式エンコーダ市場：地域別（2023年～2033年）
    • 中東・アフリカ
      • GCC
      • アフリカ
      • その他中東・アフリカ

第13章 企業プロファイル

  • Honeywell International
  • Rockwell International
  • Renishaw PLC
  • Allied Motion Technologies
  • Sensata Technologies
  • US Digital
  • Bourns Inc.
  • Dynapar（Danaher Corporation）
  • GrayHill
  • CodeChamp
  • その他
図表

List of Tables

  • TABLE 1 Global Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 2 Global Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 3 Global Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 4 North America Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 5 North America Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 6 North America Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 7 U.S. Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 8 U.S. Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 9 U.S. Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 10 Canada Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 11 Canada Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 12 Canada Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 13 Rest of North America Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 14 Rest of North America Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 15 Rest of North America Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 16 UK and European Union Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 17 UK and European Union Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 18 UK and European Union Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 19 UK Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 20 UK Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 21 UK Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 22 Germany Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 23 Germany Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 24 Germany Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 25 Spain Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 26 Spain Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 27 Spain Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 28 Italy Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 29 Italy Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 30 Italy Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 31 France Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 32 France Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 33 France Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 34 Rest of Europe Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 35 Rest of Europe Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 36 Rest of Europe Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 37 Asia Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 38 Asia Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 39 Asia Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 40 China Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 41 China Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 42 China Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 43 Japan Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 44 Japan Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 45 Japan Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 46 India Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 47 India Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 48 India Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 49 Australia Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 50 Australia Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 51 Australia Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 52 South Korea Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 53 South Korea Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 54 South Korea Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 55 Latin America Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 56 Latin America Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 57 Latin America Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 58 Brazil Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 59 Brazil Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 60 Brazil Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 61 Mexico Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 62 Mexico Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 63 Mexico Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 64 Rest of Latin America Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 65 Rest of Latin America Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 66 Rest of Latin America Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 67 Middle East and Africa Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 68 Middle East and Africa Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 69 Middle East and Africa Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 70 GCC Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 71 GCC Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 72 GCC Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 73 Africa Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 74 Africa Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 75 Africa Optical Encoder Market By Application, 2023-2033, USD (Million)
  • TABLE 76 Rest of Middle East and Africa Optical Encoder Market By Configuration, 2023-2033, USD (Million)
  • TABLE 77 Rest of Middle East and Africa Optical Encoder Market By Output Signal Format, 2023-2033, USD (Million)
  • TABLE 78 Rest of Middle East and Africa Optical Encoder Market By Application, 2023-2033, USD (Million)

List of Figures

  • FIG. 1 Global Optical Encoder Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Optical Encoder Market: Quality Assurance
  • FIG. 5 Global Optical Encoder Market, By Configuration, 2024
  • FIG. 6 Global Optical Encoder Market, By Output Signal Format, 2024
  • FIG. 7 Global Optical Encoder Market, By Application, 2024
  • FIG. 8 Global Optical Encoder Market, By Geography, 2024
  • FIG. 9 Market Geographical Opportunity Matrix - Global Optical Encoder Market, 2024
  • FIG. 10Market Positioning of Key Optical Encoder Market Players, 2024
  • FIG. 11 Global Optical Encoder Market, By Configuration, 2024 Vs 2033, %
  • FIG. 12 Global Optical Encoder Market, By Output Signal Format, 2024 Vs 2033, %
  • FIG. 13 Global Optical Encoder Market, By Application, 2024 Vs 2033, %
目次
Product Code: 139-12-24

An optical encoder is an electro-mechanical device that uses a light source, usually an LED, and a photodetector to convert angular or linear position into an electrical signal. These devices are popular in various industries due to their precision in position sensing and are utilized in devices like robotics, medical instruments, and industrial machines. Optical encoder market is estimated to grow at a CAGR of 9.7% from 2025 to 2033, driven by advancements in automation and the medical sector, offers significant growth potential.

Driver: Surge in Automation and Industry 4.0

The 21st century has witnessed a significant shift in the manufacturing landscape, with automation and the concept of Industry 4.0 taking center stage. This transformative trend toward "smart factories" employs advanced robotics, IoT devices, and real-time data analytics to optimize production. At the heart of these advancements are devices like optical encoders, crucial for maintaining precision and ensuring the seamless operation of automated machines. For instance, when robotic arms are used in assembly lines, they need to move with high precision to perform tasks like welding or screw tightening. Optical encoders play an indispensable role here, feeding back position information to the control system to ensure the robot's arm reaches the exact spot. Furthermore, a report by the World Economic Forum highlighted that 50% of companies are actively implementing Industry 4.0 technologies, which directly correlates with an increased demand for optical encoders.

Opportunity: Expansion in Medical Devices and Equipment

Healthcare has been an ever-evolving industry, and recent advancements have leaned heavily on technology. Optical encoders have found a valuable place in medical devices, particularly those that require precise movement or measurements. For instance, in imaging devices like CT and MRI scanners, the gantry needs to rotate at specific angles to capture accurate images. This is where optical encoders come in, providing real-time position feedback. Additionally, the ongoing global emphasis on healthcare infrastructure development, backed by instances where governments are increasing their healthcare budgets, indicates a potential surge in the production of medical equipment and devices, subsequently amplifying the opportunities for optical encoder manufacturers.

Restraint: High Initial Setup Cost

While optical encoders offer precision and reliability, their integration comes at a significant cost. Industries, especially small to medium enterprises (SMEs), often find the initial setup cost associated with these encoders a bit steep. This challenge is particularly acute in developing regions where businesses operate on razor-thin margins. Additionally, the need for periodic maintenance and recalibration further adds to the operating costs. A study by the Asian Development Bank pointed out that SMEs contribute to more than 40% of the national GDP in many Asian countries, emphasizing the need for cost-effective solutions in the region.

Challenge: Miniaturization and High-Density Integration

As industries shift towards compact and integrated systems, the demand for smaller components with multifunctional capabilities has risen. This trend puts pressure on optical encoder manufacturers to produce smaller yet efficient encoders. However, miniaturization often comes with challenges like heat dissipation, signal integrity, and durability. For instance, in aerospace, where weight and size are crucial factors, the integration of compact optical encoders without compromising on performance poses a significant challenge. A case study by NASA underlined the complexities faced during the integration of optical encoders in compact satellite systems, emphasizing the need for innovative solutions to tackle such challenges.

Configuration Insights

Shafted optical encoders were the predominant configuration in 2024, known for their direct-mount design and use of a flexible coupling, contributing significantly to the market's revenue. Hollow-shaft encoders, with their easy mounting system, eliminate the need for couplings, providing a more compact design ideal for applications with space restrictions. The Hollow-Shaft's growth is, however, overshadowed by the Absolute configuration's surge. Absolute encoders, unlike their incremental counterparts, offer a unique code for each shaft position, ensuring that even after power losses, the exact position of the shaft is known. This has become crucial in industries where precision is paramount. In the arena of multi-turn encoders, they track both the rotary position and the number of revolutions, gaining traction in applications like robotic arms and cranes. Incremental encoders, often preferred for their simplicity and low cost, have witnessed steady sales but don't show as high a growth rate as Absolute encoders. Estimations indicate that by 2033, Absolute encoders are expected to witness the highest CAGR, primarily due to the increasing demand for precise and error-free position feedback in automation and robotics.

Application Insights

The application segment showed diverse trends in 2024. Healthcare Equipment, given the emphasis on precise diagnostics and surgical assistance, prominently featured optical encoders. However, it was the Consumer Electronics and Semiconductor Manufacturing Equipment sector that held the most significant revenue share, attributed to the global electronic boom and increased semiconductor production. Robotics equipment, with the global shift towards automation and Industry 4.0, saw a spike in optical encoder integration, with Absolute encoders often being the preferred choice. Test & Measurement equipment also showcased steady demand for optical encoders, emphasizing accurate readings in lab environments. By 2033, Robotics Equipment is projected to display the highest CAGR, driven by global industrial automation trends, while Consumer Electronics and Semiconductor Manufacturing Equipment will continue to maintain a dominant revenue share.

Regional Insights

In 2024, the Asia-Pacific region, housing manufacturing giants like China and India, dominated the optical encoder market in revenue terms. The region's massive manufacturing base, coupled with increasing automation trends, played a significant role. However, Europe, with its robust automotive and industrial sectors, wasn't far behind. North America, with its technological advancements, particularly in robotics and healthcare, showed promising growth. The Middle-East & Africa and Latin America regions, although contributing less in terms of revenue, are not to be overlooked, with budding manufacturing sectors and increasing automation trends. By 2033, Asia-Pacific is expected to maintain its dominant revenue position, while North America is anticipated to register the highest CAGR due to rapid technological advancements and substantial investments in automation and robotics.

Competitive Trends

2025 saw key players in the optical encoder market adopt strategies like mergers, acquisitions, and extensive R&D to stay ahead. Companies like Honeywell International, Rockwell International, Renishaw PLC, Allied Motion Technologies, Sensata Technologies, US Digital, Bourns Inc., Dynapar(Danaher Corporation), GrayHill, CodeChamp were at the forefront, leveraging their extensive portfolios and technological expertise. Emphasis was on launching innovative, compact, and high-resolution optical encoders catering to the diverse needs of the growing market. An overarching trend was the move towards IoT integration, enabling remote monitoring and real-time feedback. As we progress to 2033, companies are expected to delve deeper into AI and Machine Learning, integrating these technologies into optical encoders to enhance efficiency and predictability.

Historical & Forecast Period

This study report represents an analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Optical Encoder market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users & consumption volume, price, and value.

Geographical revenues generated by countries considered in the report

Micro and macro environment factors that are currently influencing the Optical Encoder market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

  • Market Segmentation
  • Configuration
    • Shafted
    • Hollow-Shaft
    • Absolute
    • Multi-turn
    • Incremental
  • Output Signal Format
    • Analog
    • Digital
  • Application
    • Healthcare Equipment
    • Consumer Electronics and Semiconductor Manufacturing Equipment
    • Robotics Equipment
    • Test & Measurement Equipment
    • Others
  • Region Segment (2023-2033; US$ Million)
  • North America
  • U.S.
  • Canada
  • Rest of North America
  • UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Optical Encoder market?
  • What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2033.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Optical Encoder market?
  • Which is the largest regional market for Optical Encoder market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Optical Encoder market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Optical Encoder market worldwide?

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Optical Encoder Market
  • 2.2. Global Optical Encoder Market, By Configuration, 2024 (US$ Million)
  • 2.3. Global Optical Encoder Market, By Output Signal Format, 2024 (US$ Million)
  • 2.4. Global Optical Encoder Market, By Application, 2024 (US$ Million)
  • 2.5. Global Optical Encoder Market, By Geography, 2024 (US$ Million)
  • 2.6. Attractive Investment Proposition by Geography, 2024

3. Optical Encoder Market: Competitive Analysis

  • 3.1. Market Positioning of Key Optical Encoder Market Vendors
  • 3.2. Strategies Adopted by Optical Encoder Market Vendors
  • 3.3. Key Industry Strategies

4. Optical Encoder Market: Macro Analysis & Market Dynamics

  • 4.1. Introduction
  • 4.2. Global Optical Encoder Market Value, 2023 - 2033, (US$ Million)
  • 4.3. Market Dynamics
    • 4.3.1. Market Drivers
    • 4.3.2. Market Restraints
    • 4.3.3. Key Challenges
    • 4.3.4. Key Opportunities
  • 4.4. Impact Analysis of Drivers and Restraints
  • 4.5. See-Saw Analysis
  • 4.6. Porter's Five Force Model
    • 4.6.1. Supplier Power
    • 4.6.2. Buyer Power
    • 4.6.3. Threat Of Substitutes
    • 4.6.4. Threat Of New Entrants
    • 4.6.5. Competitive Rivalry
  • 4.7. PESTEL Analysis
    • 4.7.1. Political Landscape
    • 4.7.2. Economic Landscape
    • 4.7.3. Technology Landscape
    • 4.7.4. Legal Landscape
    • 4.7.5. Social Landscape

5. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2024 Versus 2033
  • 5.3. Market Segmentation
    • 5.3.1. Shafted
    • 5.3.2. Hollow-Shaft
    • 5.3.3. Absolute
    • 5.3.4. Multi-turn
    • 5.3.5. Incremental

6. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)

  • 6.1. Market Overview
  • 6.2. Growth & Revenue Analysis: 2024 Versus 2033
  • 6.3. Market Segmentation
    • 6.3.1. Analog
    • 6.3.2. Digital

7. Optical Encoder Market: By Application, 2023-2033, USD (Million)

  • 7.1. Market Overview
  • 7.2. Growth & Revenue Analysis: 2024 Versus 2033
  • 7.3. Market Segmentation
    • 7.3.1. Healthcare Equipment
    • 7.3.2. Consumer Electronics and Semiconductor Manufacturing Equipment
    • 7.3.3. Robotics Equipment
    • 7.3.4. Test & Measurement Equipment
    • 7.3.5. Others

8. North America Optical Encoder Market, 2023-2033, USD (Million)

  • 8.1. Market Overview
  • 8.2. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
  • 8.3. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
  • 8.4. Optical Encoder Market: By Application, 2023-2033, USD (Million)
  • 8.5.Optical Encoder Market: By Region, 2023-2033, USD (Million)
    • 8.5.1.North America
      • 8.5.1.1. U.S.
        • 8.5.1.1.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 8.5.1.1.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 8.5.1.1.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 8.5.1.2. Canada
        • 8.5.1.2.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 8.5.1.2.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 8.5.1.2.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 8.5.1.3. Rest of North America
        • 8.5.1.3.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 8.5.1.3.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 8.5.1.3.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)

9. UK and European Union Optical Encoder Market, 2023-2033, USD (Million)

  • 9.1. Market Overview
  • 9.2. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
  • 9.3. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
  • 9.4. Optical Encoder Market: By Application, 2023-2033, USD (Million)
  • 9.5.Optical Encoder Market: By Region, 2023-2033, USD (Million)
    • 9.5.1.UK and European Union
      • 9.5.1.1. UK
        • 9.5.1.1.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 9.5.1.1.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 9.5.1.1.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 9.5.1.2. Germany
        • 9.5.1.2.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 9.5.1.2.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 9.5.1.2.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 9.5.1.3. Spain
        • 9.5.1.3.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 9.5.1.3.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 9.5.1.3.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 9.5.1.4. Italy
        • 9.5.1.4.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 9.5.1.4.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 9.5.1.4.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 9.5.1.5. France
        • 9.5.1.5.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 9.5.1.5.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 9.5.1.5.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 9.5.1.6. Rest of Europe
        • 9.5.1.6.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 9.5.1.6.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 9.5.1.6.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)

10. Asia Pacific Optical Encoder Market, 2023-2033, USD (Million)

  • 10.1. Market Overview
  • 10.2. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
  • 10.3. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
  • 10.4. Optical Encoder Market: By Application, 2023-2033, USD (Million)
  • 10.5.Optical Encoder Market: By Region, 2023-2033, USD (Million)
    • 10.5.1.Asia Pacific
      • 10.5.1.1. China
        • 10.5.1.1.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 10.5.1.1.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 10.5.1.1.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 10.5.1.2. Japan
        • 10.5.1.2.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 10.5.1.2.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 10.5.1.2.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 10.5.1.3. India
        • 10.5.1.3.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 10.5.1.3.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 10.5.1.3.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 10.5.1.4. Australia
        • 10.5.1.4.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 10.5.1.4.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 10.5.1.4.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 10.5.1.5. South Korea
        • 10.5.1.5.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 10.5.1.5.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 10.5.1.5.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 10.5.1.6. Rest of Asia Pacific
        • 10.5.1.6.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 10.5.1.6.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 10.5.1.6.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)

11. Latin America Optical Encoder Market, 2023-2033, USD (Million)

  • 11.1. Market Overview
  • 11.2. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
  • 11.3. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
  • 11.4. Optical Encoder Market: By Application, 2023-2033, USD (Million)
  • 11.5.Optical Encoder Market: By Region, 2023-2033, USD (Million)
    • 11.5.1.Latin America
      • 11.5.1.1. Brazil
        • 11.5.1.1.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 11.5.1.1.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 11.5.1.1.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 11.5.1.2. Mexico
        • 11.5.1.2.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 11.5.1.2.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 11.5.1.2.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 11.5.1.3. Rest of Latin America
        • 11.5.1.3.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 11.5.1.3.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 11.5.1.3.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)

12. Middle East and Africa Optical Encoder Market, 2023-2033, USD (Million)

  • 12.1. Market Overview
  • 12.2. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
  • 12.3. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
  • 12.4. Optical Encoder Market: By Application, 2023-2033, USD (Million)
  • 12.5.Optical Encoder Market: By Region, 2023-2033, USD (Million)
    • 12.5.1.Middle East and Africa
      • 12.5.1.1. GCC
        • 12.5.1.1.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 12.5.1.1.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 12.5.1.1.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 12.5.1.2. Africa
        • 12.5.1.2.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 12.5.1.2.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 12.5.1.2.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)
      • 12.5.1.3. Rest of Middle East and Africa
        • 12.5.1.3.1. Optical Encoder Market: By Configuration, 2023-2033, USD (Million)
        • 12.5.1.3.2. Optical Encoder Market: By Output Signal Format, 2023-2033, USD (Million)
        • 12.5.1.3.3. Optical Encoder Market: By Application, 2023-2033, USD (Million)

13. Company Profile

  • 13.1. Honeywell International
    • 13.1.1. Company Overview
    • 13.1.2. Financial Performance
    • 13.1.3. Product Portfolio
    • 13.1.4. Strategic Initiatives
  • 13.2. Rockwell International
    • 13.2.1. Company Overview
    • 13.2.2. Financial Performance
    • 13.2.3. Product Portfolio
    • 13.2.4. Strategic Initiatives
  • 13.3. Renishaw PLC
    • 13.3.1. Company Overview
    • 13.3.2. Financial Performance
    • 13.3.3. Product Portfolio
    • 13.3.4. Strategic Initiatives
  • 13.4. Allied Motion Technologies
    • 13.4.1. Company Overview
    • 13.4.2. Financial Performance
    • 13.4.3. Product Portfolio
    • 13.4.4. Strategic Initiatives
  • 13.5. Sensata Technologies
    • 13.5.1. Company Overview
    • 13.5.2. Financial Performance
    • 13.5.3. Product Portfolio
    • 13.5.4. Strategic Initiatives
  • 13.6. US Digital
    • 13.6.1. Company Overview
    • 13.6.2. Financial Performance
    • 13.6.3. Product Portfolio
    • 13.6.4. Strategic Initiatives
  • 13.7. Bourns Inc.
    • 13.7.1. Company Overview
    • 13.7.2. Financial Performance
    • 13.7.3. Product Portfolio
    • 13.7.4. Strategic Initiatives
  • 13.8. Dynapar(Danaher Corporation)
    • 13.8.1. Company Overview
    • 13.8.2. Financial Performance
    • 13.8.3. Product Portfolio
    • 13.8.4. Strategic Initiatives
  • 13.9. GrayHill
    • 13.9.1. Company Overview
    • 13.9.2. Financial Performance
    • 13.9.3. Product Portfolio
    • 13.9.4. Strategic Initiatives
  • 13.10. CodeChamp
    • 13.10.1. Company Overview
    • 13.10.2. Financial Performance
    • 13.10.3. Product Portfolio
    • 13.10.4. Strategic Initiatives
  • 13.11. Others
    • 13.11.1. Company Overview
    • 13.11.2. Financial Performance
    • 13.11.3. Product Portfolio
    • 13.11.4. Strategic Initiatives