Global Linear Encoder Market
Linear Encoder Market Size And Forecast
According to Verified Market Research, 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.
Global Linear Encoder Market Outlook
One of the major factors projected to drive the market is the 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 the 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 the linear encoder.
Global Linear Encoder Market, Segment Analysis
The Global Linear Encoder Market is segmented on the basis of Type, Application, End-User, and Geography.
Global Linear Encoder Market, Competitive Landscape
The Global Linear Encoder market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include RSF Elektronik Ges.m.b.H., DR. JOHANNES HEIDENHAIN GMBH, Renishaw plc, GIVI MISURE S.r.l., SICK AG, Schneider Electric SE, SIKO GmbH, Leader Precision Instrument, Newall Electronics, Inc., Lika Electronic, GURLEY Precision Instruments, Electronica Mechatronic Systems, Kubler Group, and Fagor Automation. Renishaw plc is one of the top five players in the Linear Encoders market globally.
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