Global Linear Encoder Market
Global Linear Encoder Market Size By Type, By Application, By End-User, By Geographic Scope And Forecast
According to Verified Market Research, The Global Linear Encoder Market was valued at USD 731.22 Million in 2018 and is projected to reach USD 1,369.62 Million by 2026, growing at a CAGR of 8.33% from 2019 to 2026.
A linear encoder refers to a device or sensor providing a signal and digital or analog to the controller built on a position measurement. There are several technologies that are utilized for measuring and assessing linear position, including laser, transformation, and magnetostriction. Linear Encoders consist of a scale, reader head, which comprises of coil assembly and supportive electronics, providing sine-cosine feedback or quadrature square wave signals that enable direct integration to special electronic amplifier applications. These encoders operate based on the electromagnetic induction.
One of the major factors projected to drive the market is rising need for high-end automation and high-precision machining tools. Increasing usage of linear encoders in the end-use industries, such as medical, industrial, printing, and semiconductors. Other factors expected to propel the global linear encoder market are automation in robotics and consumer electronics and high usage of optical encoders in medical sector. With the growing complexity in electronic products, the demand for high-precision quality assurance in the SMT placement is proliferating, which in-turn propelling the demand for linear encoder.
However, mechanical failures in linear encoders due to harsh environments are expected to restrict the global linear encoder market growth during the forecast period.
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