Encoders Market: By Type, By Technology, By Application and Region Forecast 2020-2031

Encoders Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Rotary, and Linear), By Technology (Optical Encoders, Magnetic Encoders, Inductive Encoders, and Capacitive Encoders), By Application (Automotive, Consumer Electronics, Robotics, Healthcare & Medical Devices, Aerospace & Défense, and Others) and Region Forecast 2020-2031

Encoders Market size was valued at US$ 3,550.9 million in 2024 and is projected to reach US$ 7,752.3 million by 2031, at an 11.8% CAGR from 2025-2031. Moreover, the U.S. encoders market is projected to grow significantly, reaching an estimated US$ 2,023.3 million by 2031. The market is focused on the development, manufacturing, and distribution of devices that convert motion or position into an electrical signal for monitoring, control, or analysis purposes. These devices are critical in automation, robotics, industrial machinery, and consumer electronics, enabling accurate motion sensing and positioning. The market encompasses various encoder types, including rotary and linear encoders, which can be optical, magnetic, or capacitive.

The encoders market is experiencing steady growth, driven by increasing demand for industrial automation, advancements in robotics, and the growing adoption of smart manufacturing technologies. Industries such as automotive, aerospace, healthcare, and consumer electronics are significantly contributing to market expansion. Additionally, the rising need for high-precision motion control in various sectors and the ongoing trend towards Industry 4.0 is expected to further propel market growth in the coming years.

Key Developments

In October 2024, FLUX GmbH launched IND-MAX, a new series of precise and robust inductive rotary encoders for harsh environments. The encoders come in six sizes (125mm to 375mm outer diameter) with a compact, low-profile design and up to 23-bit resolution. Built with durable housings, they ensure reliable operation under shock and vibration, with IP67-rated versions for added protection.

In October 2024, Zencoder, an AI startup focused on transforming software development, announced its emergence from stealth mode along with the launch of a suite of generative AI-powered products. The company had already attracted significant interest with over 500 companies on its waitlist since its alpha launch in June. Additionally, Zencoder’s coding platform is now generally available for developers, aiming to enhance productivity and accelerate coding processes.

In March 2023, Celera Motion, a business unit of Novanta Inc., introduced the Field Calibration IncOder®, a revolutionary absolute inductive encoder. This new solution delivers next-level accuracy for angle measurement and position feedback, catering to advanced motion control applications and robotics in highly demanding environments.

Encoders Market Segmentation

Based on the type:

  • Rotary
  • Linear

Due to its exceptional efficiency and adaptability in a variety of industrial applications, the rotary segment is projected to dominate the market.  Because of its reputation for smooth operation and continuous motion, rotary systems are ideal for operations requiring constant speed and precision.  Because they can handle high amounts of work with little downtime, rotary mechanisms are widely used in industries like manufacturing, packaging, automotive, and pharmaceuticals. 

Furthermore, rotary systems can function in high-pressure settings and support a range of load capacities, which increases their attractiveness to end users. Their robust construction and ease of integration into automated production lines have also contributed to their growing adoption. Furthermore, advancements in rotary technology, such as improved energy efficiency and precision control, are continuously enhancing their performance and reliability.

Based on the technology:

  • Optical Encoders
  • Magnetic Encoders
  • Inductive Encoders
  • Capacitive Encoders

The market is expected to be led by the optical encoders segment due to its high precision, dependability, and broad industry application.  Because optical encoders can offer extremely accurate position and speed feedback, they are the preferred choice for precision measuring applications.  These gadgets produce incredibly accurate outputs with little errors by detecting movement via light signals.  Optical encoders are essential for applications requiring accurate motion control and precise positioning in industries like robotics, automotive, aerospace, and industrial automation. Their superior resolution compared to other technologies makes them the first choice for high-performance applications.

Furthermore, advancements in optical encoder design, including compact form factors and improved durability, have expanded their usage in complex and demanding environments. The growing adoption of automated machinery and robotics across sectors is also fueling the demand for optical encoders, as these systems require precise and real-time feedback for efficient operation.

Based on the end user:

  • Automotive
  • Consumer Electronics
  • Robotics
  • Healthcare & Medical Devices
  • Aerospace & Defense
  • Others

The automotive segment is anticipated to lead the market, driven by the growing demand for advanced motion control and precision measurement in modern vehicles. With the rapid evolution of the automotive industry toward electric vehicles (EVs), autonomous driving, and smart vehicle technologies, the need for highly accurate sensors and encoders has become more critical than ever. Automotive manufacturers increasingly rely on encoders for functions such as steering control, throttle positioning, braking systems, transmission feedback, and motor control in electric drivetrains. The integration of advanced driver-assistance systems (ADAS) and fully autonomous features further amplifies the demand for precision components that can provide real-time data with high reliability.

Additionally, the shift towards lightweight and energy-efficient vehicles has accelerated the use of sophisticated components like optical and rotary encoders, which ensure precise motion tracking with minimal energy consumption. The ongoing developments in smart manufacturing and automation within automotive production lines also contribute to the segment's growth. With automotive players investing heavily in research and development to enhance vehicle safety, efficiency, and comfort, the market for encoders in this segment is expected to remain dominant. The automotive industry’s large-scale adoption and continuous innovation position it as the leading end-user segment throughout the forecast period.

Encoders Market Summary

Study Period

2025-2031

Base Year

2023

CAGR

11.8%

Largest Market

Europe

Fastest Growing Market

Asia-Pacific

Encoders Market Dynamics

Drivers

The encoders market is significantly driven by the rapid adoption of industrial automation across manufacturing and production sectors worldwide. As industries strive for greater efficiency, accuracy, and productivity, the demand for advanced motion control systems has surged. Encoders play a critical role in monitoring speed, position, and direction of rotating or moving components in automated systems. They are essential for achieving high precision and real-time feedback in robotics, CNC machines, conveyor systems, and automated assembly lines.

Moreover, as companies aim to reduce operational costs and human error while improving consistency and quality, the integration of encoders into industrial automation solutions becomes indispensable. Industry 4.0 initiatives and smart factories rely heavily on data-driven decision-making and predictive maintenance, where encoders act as fundamental sensors providing essential data. Furthermore, government initiatives and incentives encouraging digital transformation in industries are fueling this adoption even further. As factories become increasingly interconnected and sophisticated, the role of encoders in ensuring smooth, accurate, and efficient motion control is becoming more prominent, making industrial automation one of the strongest drivers of the encoders market.

Restraints

While the encoders market is growing, one of its key restraining factors is the high cost associated with advanced encoder technologies. Optical and magnetic encoders, particularly those designed for extreme precision and durability, require complex engineering and high-quality materials, leading to elevated production costs. Additionally, integration of encoders into existing systems often demands further investment in compatible hardware and software, along with skilled labor for installation and calibration. For small- and medium-sized enterprises (SMEs), these costs can be prohibitive, limiting widespread adoption despite their potential long-term benefits.

Moreover, the cost of maintenance and the need for regular recalibration in demanding industrial environments can add to the overall expenses. Price sensitivity in developing regions also poses a challenge for market penetration. While low-cost encoders are available, they often come with compromises in accuracy and durability, which can deter companies from fully embracing them for critical applications. As a result, the high initial and ongoing costs of advanced encoders remain a considerable barrier to market growth, particularly for cost-conscious industries and emerging economies.

Opportunities

A major opportunity for the encoders market lies in the rapid expansion of robotics and autonomous systems. The demand for industrial robots, collaborative robots (cobots), and autonomous vehicles is rising exponentially, driven by the need for automation, precision, and safety across multiple industries. Encoders are pivotal in robotic applications, providing the essential feedback needed for accurate joint positioning, movement control, and navigation. As robotics technology advances toward more complex and sensitive tasks, the requirement for high-resolution, compact, and rugged encoders increases. The growing use of autonomous mobile robots (AMRs) in warehouses, logistics, and manufacturing plants further opens new avenues for encoder applications.

Moreover, service robots used in healthcare, agriculture, and domestic settings are creating fresh demand for miniaturized, high-performance encoders that can operate reliably in diverse conditions. The push for AI-enabled robotics, where real-time decision-making and motion adjustments are crucial, also highlights the indispensable role of encoders. This expanding field presents a long-term growth opportunity for encoder manufacturers to innovate, develop highly specialized products, and tap into emerging robotics applications globally.

Trends

A prominent trend shaping the encoders market is the shift towards miniaturization and the development of smart encoders with advanced functionalities. Modern industrial and consumer applications increasingly demand compact devices without compromising on performance. Miniaturized encoders are gaining traction in medical devices, robotics, drones, and wearable technology, where space constraints are critical. At the same time, the evolution of smart encoders equipped with features like self-diagnostics, predictive maintenance alerts, and digital communication interfaces is transforming the way motion control systems operate. These smart encoders can integrate seamlessly with industrial IoT platforms, providing real-time data analytics that enhance system efficiency and reduce downtime.

Additionally, the integration of wireless communication and energy-harvesting capabilities in encoders is emerging, allowing for greater flexibility in design and use. The trend toward miniaturization and smart functionality not only addresses the evolving needs of advanced applications but also opens doors for innovative solutions in industries where traditional encoders were previously unsuitable. This trend is set to redefine encoder design, offering vast growth potential for manufacturers who prioritize research and development.

Encoders Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 3,550.9 million

Market Size in 2031

US$ 7,752.3 million

Market CAGR

11.8%

By Type

  • Rotary
  • Linear

By Technology

  • Optical Encoders
  • Magnetic Encoders
  • Inductive Encoders
  • Capacitive Encoders

By End User

  • Automotive
  • Consumer Electronics
  • Robotics
  • Healthcare & Medical Devices
  • Aerospace & Defense
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa

Analyst Review

According to PBI Analyst, the continuous shift toward Industry 4.0 and smart manufacturing is playing a significant role in accelerating adoption. Industries are increasingly prioritizing precision, efficiency, and real-time data monitoring, which has driven the demand for advanced encoders, particularly optical and rotary variants. PBI Analysts highlight that automotive remains the leading end-user segment, with the surge in electric vehicles (EVs), autonomous technologies, and advanced driver-assistance systems (ADAS) driving encoder integration in-vehicle systems. Additionally, analysts observe a strong trend toward miniaturization and the development of compact, lightweight encoders that can fit into increasingly sophisticated equipment without compromising performance.

Key Features of the Report

  • The encoders market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031).
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis.

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Frequently Asked Questions

The encoders market size was valued at US$ 3,550.9 million in 2024 and is projected to reach US$ 7,752.3 million by 2031, at an 11.8% CAGR from 2025-2031.

The market is driven by rising demand for high-precision motion control solutions across industrial automation and robotics applications.

A key trend shaping the market is the growing shift toward miniaturization and the integration of smart, connected technologies in encoder systems.

The Asia-Pacific region is emerging as a major driver, fueled by rapid industrialization and significant growth in automotive and consumer electronics manufacturing.

1.Executive Summary
2.Global Encoders Market Introduction 
2.1.Global Encoders Market  - Taxonomy
2.2.Global Encoders Market  - Definitions
2.2.1.Product Type 
2.2.2.Technology
2.2.3.End-user
2.2.4.Region
3.Global Encoders Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Encoders Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Encoders Market  By Product Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Rotary
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Linear
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Encoders Market  By Technology, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Optical Encoders
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Magnetic Encoders
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Inductive Encoders
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Capacitive Encoders
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Encoders Market  By End-user, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. Automotive
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Consumer Electronics
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Robotics
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Healthcare & Medical Devices
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Aerospace & Defense
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Others
7.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Encoders Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Encoders Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. Product Type  Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Rotary
9.1.2.Linear
9.2.  Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Optical Encoders
9.2.2.Magnetic Encoders
9.2.3.Inductive Encoders
9.2.4.Capacitive Encoders
9.3.  End-user Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Automotive
9.3.2.Consumer Electronics
9.3.3.Robotics
9.3.4.Healthcare & Medical Devices
9.3.5.Aerospace & Defense
9.3.6.Others
9.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Encoders Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Rotary
10.1.2.Linear
10.2.  Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Optical Encoders
10.2.2.Magnetic Encoders
10.2.3.Inductive Encoders
10.2.4.Capacitive Encoders
10.3.  End-user Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Automotive
10.3.2.Consumer Electronics
10.3.3.Robotics
10.3.4.Healthcare & Medical Devices
10.3.5.Aerospace & Defense
10.3.6.Others
10.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Encoders Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Rotary
11.1.2.Linear
11.2.  Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Optical Encoders
11.2.2.Magnetic Encoders
11.2.3.Inductive Encoders
11.2.4.Capacitive Encoders
11.3.  End-user Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Automotive
11.3.2.Consumer Electronics
11.3.3.Robotics
11.3.4.Healthcare & Medical Devices
11.3.5.Aerospace & Defense
11.3.6.Others
11.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Encoders Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Rotary
12.1.2.Linear
12.2.  Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Optical Encoders
12.2.2.Magnetic Encoders
12.2.3.Inductive Encoders
12.2.4.Capacitive Encoders
12.3.  End-user Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Automotive
12.3.2.Consumer Electronics
12.3.3.Robotics
12.3.4.Healthcare & Medical Devices
12.3.5.Aerospace & Defense
12.3.6.Others
12.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Encoders Market, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
13.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Rotary
13.1.2.Linear
13.2.  Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Optical Encoders
13.2.2.Magnetic Encoders
13.2.3.Inductive Encoders
13.2.4.Capacitive Encoders
13.3.  End-user Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Automotive
13.3.2.Consumer Electronics
13.3.3.Robotics
13.3.4.Healthcare & Medical Devices
13.3.5.Aerospace & Defense
13.3.6.Others
13.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Heidenhain GmbH
14.2.2.Renishaw plc
14.2.3.Rockwell Automation, Inc.
14.2.4.Honeywell International Inc
14.2.5.Schneider Electric SE
14.2.6.Omron Corporation
14.2.7.Siemens AG
14.2.8.Baumer Group
14.2.9.TE Connectivity Ltd
14.2.10.Dynapar Corporation
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Heidenhain GmbH
  • Renishaw plc
  • Rockwell Automation, Inc.
  • Honeywell International Inc
  • Schneider Electric SE
  • Omron Corporation
  • Siemens AG
  • Baumer Group
  • TE Connectivity Ltd
  • Dynapar Corporation

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