Lucintel Forecasts the Global Absolute Optical Encoder Market to Reach $1.2 billion by 2030
Lucintel Forecasts the Global Absolute Optical Encoder Market to Reach $1.2 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global absolute optical encoder market looks promising with opportunities in the healthcare, machine tool, consumer electronic, and assembly equipment markets. The global absolute optical encoder market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are rising demand for automation and robotics across various industries, expanding preference for autonomous vehicles and drones, and growing focus on precision measurements and control systems in various sectors.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in absolute optical encoder market to 2030 by type (single-turn encoder and multi-turn encoder), application (healthcare, machine tool, consumer electronics, assembly equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, single-turn encoder and multi-turn encoder are the major segments of absolute optical encoder market by type. Lucintel forecasts that single-turn encoder is expected to witness the higher growth over the forecast period.
Within this market, healthcare is expected to witness the highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Broadcom, BEI Sensors, Renishaw, Dynapar, and Baumer Group are the major suppliers in the absolute optical encoder market.
Download sample by clicking on absolute optical encoder market
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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