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. Various industries are involved in integrating advanced technologies, including advanced analytics, high-performance computing, and the Internet of things (IoT).
New York, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Middle East and Africa Encoder Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Technology, and End-User" - https://www.reportlinker.com/p05978870/?utm_source=GNW
The manufacturing of such systems is to enhance manufacturing processes, which would result in better-quality products at lower costs.
In factories, various machines and devices are interconnected and monitored to enhance efficiency and productivity.The application of these advanced technologies for manufacturing represents a key enabler for addressing challenges in manufacturing procedures.
IoT is considered an enabling technology for the manufacturing process, contributing to the growth of industry 4.0. The IoT and the ability to harness sensor data and automation technologies revolutionize the way machines capture data. Such advances are creating various business opportunities for encoders vendors to adopt new technologies. Command-line user interface device is an electronic component manufacturer which offers application-specific integrated circuit based on AMT (automated manual transmission) encoders, which integrates valuable diagnostic and programming tools, which speed the time to market and mitigate machine downtime in the field. The technology helps determine if the encoder is operating accurately. The diagnostic data is used to make reliable systems and monitored over time to offer performance trends that can be analyzed and used to forecast failures. Thus, the integration of IoT technologies helps track the performance in real-time; companies across the countries are heavily investing in IoT technology to gain traction in the market. Hence, the growing demand for IoT is anticipated to bolster the MEA encoder market.
The semiconductor and automotive industry are some of the major victims of COVID-19, and since the start of 2020, these industries have been reflecting a declining growth trend.With the imposition of lockdown across MEA region, the industries have been witnessing shattering experience.
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.
In terms of type, the rotary encoder segment led the MEA encoder market in 2019.Rotary encoders are electromechanical devices used to measure the rotational angle, number of rotations, and the rotational position of equipment.
They detect location and speed by transforming rotational mechanical displacements into electrical signals.It provides feedback based on the rotation of a shaft (during a single 360 degree rotation or a single turn).
Like linear encoder, a rotary encoder can also be either incremental or absolute.The rotary encoders are widely used for velocity control, temperature control, position sensing, and volume control.
The growing demand for electronic position sensing devices across various industries is mainly driving the growth of the rotary encoder. The rising market for the rotary encoder in the automotive industry and the increasing trend of industrial automation is anticipated to drive the demand for rotary encoders during the forecast period. In the automotive industry, the rotary encoders are used to provide electrical outputs relative to shaft rotation and accurately measure the angles. Rotary encoders in automotive are used in steering wheel position, throttle position, and gear position. The rotary encoder’s adoption is also massive in the aerospace industry, which is fueling the growth of the MEA encoder market.
The overall MEA encoder market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the MEA encoder market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA encoder market. Dahua Technology Co., Ltd.; LTN Servotechnik GmbH; OMRON Corporation; Delta Electronics; and Rockwell Automation, Inc. are among a few players operating in the MEA encoder market.
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