Absolute Magnetic Rotary Encoder Market size was valued at USD 1.15 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 1.95 Billion by 2033.
The global Absolute Magnetic Rotary Encoder Market was valued at approximately USD 800 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The growth is driven by increasing demand in automation, robotics, and industrial machinery, where precise position feedback is crucial. As technology advances, the market for these encoders is expanding in applications such as automotive, robotics, and material handling systems. These encoders are favored for their durability, accuracy, and ability to operate in harsh environments. In terms of regional distribution, North America accounted for the largest share in 2022, with a market size of USD 280 million, followed by Europe, which represented 25% of the market share. The increasing adoption of automation in manufacturing industries is contributing significantly to this growth in these regions.
Asia Pacific is expected to witness the highest growth during the forecast period, with a projected CAGR of 8.5% from 2023 to 2030. This growth is attributed to the rapid industrialization in countries like China and India, along with increased investments in advanced technologies. The growing demand for precision equipment and enhanced automation in industrial processes in these regions is boosting the adoption of absolute magnetic rotary encoders. Latin America and the Middle East & Africa are also emerging as potential markets for these encoders, with increasing industrialization and infrastructure development driving market penetration. The market size in Latin America reached approximately USD 60 million in 2022, and it is expected to grow at a steady rate during the forecast period due to rising automation trends.
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Siko
IFM Electronic
RENISHAW
KÃœBLER
Lika Electronic
MEGATRON Elektronik
POSITAL FRABA
Sensata Technologies
TWK-ELEKTRONIK
Wachendorff Automation
Leine & Linde
Baumer Group
HENGSTLER
Balluff
Shanghai Sibo M&E
Shanghai Yuanben Magnetoelectric Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Absolute Magnetic Rotary Encoder Market
Single Turn Rotary Encoders
Multi Turn Rotary Encoders
Industrial Automation
Medical Devices
Aerospace and Defense
Consumer Electronics
Automotive Systems
Magnetoresistive Encoders
Hall Effect Encoders
Inductive Encoders
Manufacturing Sector
Energy and Utilities
Healthcare
Transport and Logistics
Robotics
Analog Output
Digital Output
Serial Output
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Absolute Magnetic Rotary Encoder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Absolute Magnetic Rotary Encoder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Absolute Magnetic Rotary Encoder Market, By Type
6. Global Absolute Magnetic Rotary Encoder Market, By Application
7. Global Absolute Magnetic Rotary Encoder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Absolute Magnetic Rotary Encoder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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