Middle East and Africa Encoder Market

Market Introduction

Encoders are used in several sectors to provide feedback about of the movement of a rotating shaft and it also senses position, direction, and speed. It converts mechanical motion  into an electrical signal, the signal is transmitted back to a controlling device, such as a counter. Technologies involved in encoders are magnetic, optical and capacitive. The optical technology is the most broadly used encoder motion translating technology. The encoder has a broad range of uses, including servo or VFD (Variable Frequency Drive) control, measuring, and counts. For VFD control, one might be running a pump on a VFD to fill a tank with liquid, one might request for a certain speed and want to verify that the speed is at the required rate. An encoder on the VFD is used for feedback of the speed. VFD is used to control the motor speed; the actual speed is measured with an encoder. The automobile sector is experiencing a considerable development in advanced technologies; various connected and driverless cars are in the developing phase. Advanced encoder technologies encourage automotive OEMs to adopt encoder devices; thus, the automobile industry has a massive impact on the MEA encoder market. In the past few years, warehouse automation systems have progressed rapidly due to developments in software and communication and control technology. Automotive guided vehicles (AGV) have aided greatly from such advances, and have been applied to a broad range of applications. The primary sensors used in AGV motion and directional control are incremental rotary encoders. The incremental encoders are broadly used in material handling equipment as they are built to offer precise, real-time data about AGV motor. Thus, the implementation of industrial automation across different industries is expected to create a significant demand for encoder in the coming years, which is further anticipated to drive the encoder market.

In MEA region, South Africa has the highest number of COVID-19 confirmed cases and it is followed by Saudi Arabia and UAE, among other countries. Since majority of the countries are exercising lockdowns, the demand for encoders are decreasing at a prominent rate. This is due to the fact that the key encoder purchasing countries have been restricting their investment on these components and are utilizing a fair percentage of their budget to combat COVID-19. The temporary shutdown of manufacturing facilities is also showcasing negative trend in the encoder market. The automotive industry requires a significant number of human labours, as the COVID-19 virus is spreading through human involvement, the sector is unable to function properly. The declining trend in automotive and semiconductor industry is reflecting a negative impact on the MEA encoder market.

Market Overview and Dynamics

The encoder market in MEA is expected to grow from US$ 67.9 million in 2019 to US$ 142.4 million by 2027; it is estimated to grow at a CAGR of 8.9% from 2020 to 2027. There has been an enormous wave in the development of technologies, which has impacted encoders' design. Also, the semiconductor industry is driven by tech innovations, consumer trends, and better production processes. One of the biggest trends in the encoder industry is the increasing demand and requirement for lighter, smaller, and high-performing encoders. Various vendors across the countries are highly emphasized on designing products that are smaller and embed with more functionality. Notable players in the market focus on the miniaturize designs for their products to sync with changing trends in various industries. The robotics industry is importantly observing the growth of this miniaturization trend and the demand for miniaturized devices in this industry would see a substantial boost shortly, which, in turn will propel the growth of the encoder market.

Key Market Segments

In terms of type, the rotary encoder segment accounted for a larger share of the MEA encoder market in 2019. In terms of technology, the magnetic segment held the largest share of the encoder market in 2019. Further, the printing segment held the largest share of the market based on end-user in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the encoder market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Dahua Technology Co., Ltd.; LTN Servotechnik GmbH; OMRON Corporation; Delta Electronics; and Rockwell Automation, Inc. are among the major companies listed in the report.

Reasons to buy report

• To understand the MEA encoder market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA encoder market
• Efficiently plan M&A and partnership deals in the MEA encoder market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the MEA encoder market
• Obtain market revenue forecast for market by various segments from 2020 to 2027 in MEA region.

MEA Encoder Market Segmentation

By Type

• Linear Encoder

• Incremental
• Absolute

• Rotary Encoder

• Incremental
• Absolute

By Technology

• Magnetic
• Optical
• Others

By End-User

• Aerospace
• Automotive
• Food and Beverages
• Medical
• Consumer Electronics
• Printing
• Others

By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

Company Profiles

• Dahua Technology Co., Ltd.
• LTN Servotechnik GmbH
• OMRON Corporation
• Delta Electronics
• Rockwell Automation, Inc.

Middle East and Africa Encoder Market Strategic Insights

Middle East and Africa Encoder Market Segmentation Analysis

Middle East and Africa Encoder Market Report Highlights

Middle East and Africa Encoder Report Scope

Middle East and Africa Encoder Market Country and Regional Insights