QYResearch: The global market for absolute rotary encoders is expected to reach about 1515.36 M USD by 2021

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. There are two main types: absolute and incremental (relative).

Absolute rotary encoders provide a distinctly coded numerical value for each shaft position. In positioning tasks in particular, the absolute encoders relieve the controller of computation tasks and keep costs down by eliminating the need for additional input components.

Absolute rotary encoders industry is relatively concentrated, manufacturers are mostly in the Japan, Europe and North America. Among them, Europe output value accounted for more than 45.71% of the total output value of global absolute rotary encoders in 2016. Heidenhain is the world leading manufacturer in global absolute rotary encoders market with the market share of 17.85%, in terms of revenue.

Compared to 2015, absolute rotary encoders market increased sales by 3.39 percent to 1211.18 million USD worldwide in 2016 from 1171.50 million USD in 2015. It shows that the absolute rotary encoders market performance is positive, despite the weak economic environment.

According to QYResearch, The global absolute rotary encoders market is expected to reach $1515.36 million by 2021 from $1211.18 million in 2016, growing at a CAGR of 4.58% from 2016 to 2021. And Europe market is expected to keep being the biggest market with revenue market share of 36.82% in 2021.

With the increasing in production capacity, expected that the absolute rotary encoders raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of absolute rotary encoders.

There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

The average price of absolute rotary encoders will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.

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