This report studies the Rotary Encoder market. A rotary encoder, also called a shaft encoder, is an electro-mechanical device that converts the angular position or motion of a shaft or axle to an analog or digital code.
Geographically, Europe is the largest consumption market in the world, which share 36% of global total revenue.

Market Analysis and Insights: Global Rotary Encoders Market
In 2020, the global Rotary Encoders market size was US$ 2093.6 million and it is expected to reach US$ 3730 million by the end of 2027, with a CAGR of 8.6% during 2021-2027.
Global Rotary Encoders Scope and Market Size
Rotary Encoders market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Rotary Encoders market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Rotary Encoders market is segmented into
Incremental Rotary Encoders
Absolute Rotary Encoders
In 2018, incremental rotary encoders accounted for a major share of 63% the global rotary encoders market.

Segment by Application, the Rotary Encoders market is segmented into
Elevator Industry
Machine Tool
Motor
Food & Packaging
Other
The motor holds an important share in terms of applications, and accounts for 27% of the market share.

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Rotary Encoders Market Share Analysis
Rotary Encoders market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Rotary Encoders product introduction, recent developments, Rotary Encoders sales by region, type, application and by sales channel.

The major companies include:
Heidenhain
Danaher
Tamagawa
Baumer
Nemicon
P+F
Kubler
Koyo
Omron
Leine & Linde
Sick
TR Electronic
BEI
Rep Avago
Yuheng Optics