Rotary encoder Market - Forecast 2021 - 2026
The market for Rotary Encoder is forecast to reach $1,101.08 million by 2025, growing at a CAGR of 4.7% from 2020 to 2025. Rotary encoders are mostly used to monitor the motor shaft path on permanent magnet motors, which are often used in robots, CNC machines and various industrial applications. Developments in computing power and networking technologies have made installing and maintaining robots cost-efficient and faster. Such factors and their impact on the growth of the robotics industry inturn contributing to the growth of rotary encoder market. Request Sample Report Coverage The report: “ Rotary Encoder Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Rotary Encoder market. By Type: Optical, Magnetic, Mechanical, Capacitive By Application: Test equipment, Material Handling, Machine tools, Motion systems, Robotics By End-user: Automotive, Aerospace, Electronics, Healthcare, Manufacturing, Packaging, Others By Geograp