- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2019 to 2026
Encoders are sensors that generate digital signals in response to movement, it has characteristics such as high-precision, large range measurement, fast response, digitized output; it is small size, lightweight, compact, easy to install, simple to maintain, work reliably.
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global Automotive Speed Encoder market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East and Africa.
The global Automotive Speed Encoder market is expected to increase from USD 311 million in 2019 to USD 396 million by 2026, registering a CAGR of 3.54% from 2019 to 2026.
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Major manufacturers profiled in the analysis report include NTN-SNR, Freudenberg-NOK, Dynapar, Renishaw, TE Connectivity, Hutchinson, LENORD+BAUER, AMS, Baumer Hübner, Timken, ADMOTEC, Allegro MicroSystems, VS Sensorik GmbH, Doway Tech, Ha Nan Ye, EBI, Unionstar Electronics, Haining Zhongteng, Xinyak Sensor, and others.
With the improvement of the automation of mechanical equipment, the application fields of encoder products are becoming more and more extensive. Moreover, with the recovery of the global economy and the development of emerging powers, the Automotive Speed Encoder market is endowed with a promising future.
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North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa are the key regional segments of the global Automotive Speed Encoder market. North America is the largest market at a share of 32.28%. Europe is currently leading Asia-Pacific with a share of 26.41% and 25.74%, owing to the increased use of automotive speed encoders in various fields.
- Axial Encoder
- Radial Encoder
- Passenger Cars
- Commercial Vehicles
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