Market Overview

Global Optical Encoder Market 2018-2022 | Growing Need for SMT Equipment Promotes Growth | Technavio

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Technavio
market research analysts forecast the global optical encoder market to
grow at a CAGR of over 11% during the forecast period. The
increasing interest in using drones across various applications is one
of the major trends being witnessed in the global
optical encoder market 2018-2022
. Drones are becoming an
integral part of many industries such as aerospace and defense,
industrial, and retail. The laser detection and ranging (LiDAR) systems
are used to operate drones. These systems act as optical systems and
determine the fields of applications of commercial drones.

This press release features multimedia. View the full release here:
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Technavio has published a new market research report on the global optical encoder market from 2018- ...

Technavio has published a new market research report on the global optical encoder market from 2018-2022. (Graphic: Business Wire)

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global optical encoder market is the growing need for
SMT equipment:

Global optical encoder market: Growing need for
SMT equipment

SMT equipment is required to place components such as resistors and
capacitors onto a PCB. The components that are placed on the PCB are
called as surface mount devices (SMD). To place the electronic
components accurately onto a PCB, the SMT equipment makes use of
high-resolution verification cameras and fine adjustment systems such as
encoders on each axis.

According to a senior analyst at Technavio for research on semiconductor
equipment, "The demand for high-quality assurance in the SMT
placement processes is increasing due to the rising complexity of
electronic products. This is driving the demand for optical encoders
integrated into SMT equipment. The growth of the PCB market has been
promoting the growth of the global SMT equipment market."

Global optical encoder market: Segmentation
analysis

The global optical encoder market research report provides segmentation
by product type (absolute encoder and incremental encoder), by end-user
(machine tools manufacturers, assembly equipment manufacturers, consumer
electronics and semiconductor equipment manufacturers, and healthcare
equipment manufacturers), and by region (the Americas, APAC, and EMEA).
It provides an in-depth analysis of the prominent factors influencing
the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the two major product types, the absolute encoder segment held the
largest market share in 2017, contributing to over 65% of the market.
This segment will dominate the global market throughout the forecast
period.

APAC held the largest share of the market in 2017, accounting for close
to 35% share. It was followed by the Americas and EMEA respectively.
APAC is expected to dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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