Monitoring motion and motor control systems have a requirement to know the movement of direction, position, and speed of the motor. The rotary encoder is a proven and prominent method of position sensing used in the motors. Rotary encoders serve as an apt choice in myriad applications of the electromechanical devices owing to the precision, resolution, and low-cost offered by them. With the emergence of high-resolution systems, the rotary encoder is finding applications in industrial and commercial sectors. In these sectors, high-resolution rotary encoders are preferred for precision control of speed and position, especially to control at a low speed. These are popularly found in devices such as cameras, telescopes, and radar systems. Owing to all these benefits offered, the global rotary encoder market attained a value of $880 million in 2018. Furthermore, the demand is projected to grow at a CAGR of 5.7% during 2019-2025.
Rotary Encoder Market Demand Thriving With the Stupendous Adoption of Industrial Robots
Industrial sectors are thriving with the innovations pertaining to automation. Industrial robots are an incredible part of the current day’s automation advancement. They are automating routine activities in the industries with high-precision. Along with precision, speed and durability are the major features of the industrial robots which are attained by the use of rotary encoders equipped in them. Robust inductive rotary encoders deliver high-control dynamics and system accuracy, thereby resisting strong vibrations in the servomotors residing at the robot’s axes. Besides, incremental encoders, which act as secondary encoders in the robot, returns the absolute position accuracy of the robot. These proliferated uses of the rotary encoder are gaining huge traction among the robot manufacturers. According to the International Federation of Robotics (IFR), the robotic applications would be doubled, and the industrial robots sales used in factories is projected to reach a value of 3 million by the end of 2020. Owing to the immense demand of the industrial robots, the rotary encoder market will continue to experience proliferated growth in the upcoming years.
APAC Strives to Dominate the Global Rotary Encoder Market
Rotary encoder accounts for a vast range of applications in the automated and electronically controlled systems used in construction, manufacturing, and automotive industries such as picking, conveying, and motion control. In addition, consumer electronics use rotary encoders for printers, scanners, and other PC-based scanning equipment. These end-user applications of rotary encoder market are driving the demand in the APAC region. Consequently, the rotary encoder market in the APAC accounted for a dominant share of 33.7% in the global marketplace.
APAC countries such as India and China contribute to a significant share in the manufacturing industries. China is considered as a global leader contributing about 22.4% share in the global manufacturing sector. Also, China and India are experiencing a high growth rate of 3.2% and 5.8% in the production of commercial vehicles. These countries are also leading in the global construction industry with India to emerge as a third leading country in the global marketplace by 2025. Besides, China, India, and the U.S collectively to account for about 60% share of the global construction market by the end of 2025. Owing to these growth prospects in the end-user industries of a rotary encoder, the demand for the rotary encoder market is thriving in this region.
Both Machine Tool and Material Handling Applications Are Growing At a Fast Pace in the Rotary Encoder Industry
Rotary encoders are used for exact sensing and positioning in the machine tool applications. A machine can locate the exact orientation of the axis and the commutation angle. As a result, the rotary encoders enable machines to achieve optimum performance and improve system accuracy. On the other hand, automated applications such as forklifts, case packers, picking, and lifting are made precise with the help of sensing technology of rotary encoder. Owing to these uses, both incremental and absolute encoders are finding vast applications in material handling. These applications are rising with increasing construction and manufacturing activities around the world. As a result, the machine tool and material handling applications collectively growing with a CAGR of 6.9% in the global rotary encoder market.
Programmable Rotary Encoders Advancing With the Automation and Industry 4.0 Trends
In the rising digital era of connectivity, programmable encoders, both absolute and incremental are seeking ample opportunities in the rotary encoder market. For instance, a traditional programmable encoder which can program basic encoder factors such as the resolution or the electronic interface level. The latest advancements in the programmable encoders offer a lot more flexibility to its users. The programmable encoders function on a common platform and can be programmed using a simple serial interface such as USB or through Wi-Fi. These benefits are a catch for the machinery-dependent industries, where monitoring and motioning of machines are more prevalent.
Industry 4.0 and automation are the significant trends expediting the industries towards automating the routine tasks. Integration of systems and transparency of data are present developments of the industrial environment. Absolute and incremental programmable encoders can be configured as per the user requirements with the help of an Ethernet cable. With programmable encoders, the manufacturers are able to meet the diverse functional requirements in machines. Besides, with the technical and functional upgrades of the machinery, the encoders can be programmed as per the new custom requisite. These diverse applications of a programmable encoder reduce the redundancy of heavy machinery in the industries. Therefore, they benefit the distributors and OEM customers by simplifying the overall supply chain and inventory management. This, in turn, is enabling the industry players to manufacture an abundant variety of products tailored as per the industry needs. As a result, the global rotary encoder market sales are growing further.
Healthcare Industry Spurring With the Advancements in the Rotary Encoder Market
Medical equipment often thrives with a plethora of technological innovations. Motion control is a major area where the advancements need to meet the simplicity of the equipment. Medical applications demand nanometer precision and have room for zero error. For this reason, the rotary encoder market is penetrating rapidly in this medical sector. Laboratory analysis, operating and examination tables, dentist chairs, radiation treatments, and robot-assisted surgery are few of the medical applications that are benefitting with the advancements in the rotary encoder technologies. For instance, radiation therapy cancer treatments require high resolution and high-speed collimated beam. So, the communication and control between the devices to achieve high precision is attained with the help of rotary encoders embedded in the medical equipment. Another popular and ever-growing application of rotary encoder is the robotic surgical device. Surgical robots are widely acknowledged in the healthcare sector. These robots operate with high precision in the motion control medical applications, making them a reliable option. Moreover, medical robots sales are increasing at a rapid rate of 73% during 2016-2017, according to IFR. As a result, with the increasing number of medical robots, the rotary encoder market demand is following a paramount path.
Key Players of the Rotary Encoder Market
The core companies operating with a major market share in the global rotary encoder industry are Heidenhain, Nemicon Corporation, Tamagawa, Koyo Seiko, Omron Corporation, Kubler, Autonics, Honeywell International Inc, Leine & Linde AB, Baumer, DYNAPAR, Pepperl-Fuchs, CONTROLWAY, LJV, AMS AG, Rep Avago, YUHENG, MTS Systems Corporation, Renishaw PLC., and TE Connectivity Ltd. These key players are providing a wide range of solutions coupled with the outreach services and tailored as per the industry requirements. As a result, enhancing their position in the global rotary encoder industry.
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