Non-Contact Rotary Encoder Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 2.3 Billion by 2033, exhibiting a CAGR of 5.2% from 2026 to 2033.
The global Non Contact Rotary Encoder market was valued at approximately USD 1.75 billion in 2022 and is expected to grow at a CAGR of 8.5% from 2023 to 2030. The demand for non contact rotary encoders is primarily driven by the increasing adoption of automation technologies across industries, including manufacturing, automotive, and robotics. With their ability to provide precise and reliable rotational measurement without physical contact, these encoders have gained significant traction. The market size is projected to reach around USD 3.85 billion by the end of 2030, fueled by technological advancements, such as improved sensor performance and miniaturization, enhancing the adoption rate across various applications.
Regionally, North America held the largest market share in 2022, accounting for nearly 35% of the global market revenue, owing to the regions robust industrial sector and high demand for automation solutions. Europe and Asia Pacific follow closely in market share, with Asia Pacific showing the highest growth potential due to rapid industrialization and increased investment in automation technologies. The market in Asia Pacific is expected to grow at a CAGR of over 9% during the forecast period. Emerging markets in Latin America and the Middle East also offer significant growth opportunities, with expanding manufacturing and automotive sectors in these regions further driving demand for non contact rotary encoders.
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Eltra
VELMEX
Kählig Antriebstechnik GmbH
LASER-VIEW TECHNOLOGIES
INC.
MEGATRON Elektronik GmbH & Co. KG
US Digital
Lika Electronic
TSM SENSORS SRL
RENISHAW
Grayhill
Dynapar
GURLEY Precision Instruments
ASM
Badger Meter
DIS Sensors
Electro-Sensors
NOVOTECHNIK
POSITAL FRABA
Sensata Technologies
YSI
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 Non-Contact Rotary Encoder Market
Optical Encoders
Magnetic Encoders
Capacitive Encoders
Inductive Encoders
Analog Output Encoders
Digital Output Encoders
Incremental Output Encoders
Absolute Output Encoders
Industrial Automation
Robotics
Aerospace and Defense
Automotive
Medical Equipment
Manufacturing
Energy and Power
Transportation
Healthcare
Consumer Electronics
Wireless Technology
IoT-Enabled Encoders
Smart Sensors
High-Resolution Encoders
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 Non-Contact 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 Non-Contact Rotary Encoder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-Contact Rotary Encoder Market, By Type
6. Global Non-Contact Rotary Encoder Market, By Application
7. Global Non-Contact Rotary Encoder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Non-Contact Rotary Encoder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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