Market Share of Encoder Industry
The encoder market comprises various players, such as Omron Corporation, Honeywell, Heidenhain GmbH, Baumer Group, and Posital Fraba Inc., among others. The companies have the advantage of a large client base, enabling them to produce large volumes of encoders, a key factor in ensuring better profits and economies of scale in the sensor market. As strong brands are synonymous with good performance, long-standing players are expected to have the upper hand. Owing to their market penetration and the ability to offer advanced products, the competitive rivalry is expected to continue to be high.
In March 2023, Celera Motion announced the introduction of the Field Calibration IncOder, which is a groundbreaking new absolute inductive encoder solution that enables next-level accuracy angle measurement in motion control applications and position feedback in robotics in the most demanding environments. The product is designed for applications that need precise angle measurements but in conditions not suited for optical encoders: dusty, dirty, and wet environments or in conditions where high shocks and vibrations are common.
In March 2023, POSITAL announced the launch of a major upgrade to its IXARC family of incremental rotary encoders that features new magnetic sensor technology and more energy-efficient embedded microcontrollers. The new encoders are likely to benefit customers by reducing power consumption while remaining mechanically and electrically compatible with earlier models.
Encoder Market Leaders
Omron Corporation
Honeywell International
Schneider Electric
Rockwell Automation Inc.
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
