Growth in Inclination toward Advanced Technologies Expected to Drive Global Inductive Absolute Encoders Market: Ken Research

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An inductive absolute encoder measures specifically a displacement relative to any target. This displacement is translated into the movement. This type of inductive encoder detects linear displacement or rotation displacement relative to any target. It reacts to the presence of ferro-magnetic & electrically conducting metal in any target. Inductive encoders are usually used to measure the displacement or rotation relative to any target. They are also used in a huge variety of circumstances. It is unaffected by various factors, for instance moisture, dust, oil and external (electro) magnetic fields. It finds numerous applications in the mobile-devices, motorized zoom, electric-motors, and direct measurement of the rotation of gears utilized in different machines.

Some of the key advantages of an inductive absolute encoder include compact design, accurate measurements, insensitive to external interference, large temperature range, insensitive to dirt and others. Apart from this, few of the key characteristics include serial interface, interpolation, one-time programmable memory to store configuration settings and others.

As per analysis, Global Inductive Absolute Encoders Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use the key companies operating in the global inductive absolute encoders market include Renishaw, Baumer Group, BEI Sensors, Hengstler, Tokyo Sokuteikizai, Broadcom, Dynapar, Allied Motion, CTS, US Digital, Heidenhain, EPC, CUI, Bourns, Omron, Honeywell, Gurley, Grayhill and among others. To improve their market position in the global inductive absolute encoders market, the renowned players are now focusing on adopting different strategies such as mergers & acquisitions, recent developments, product innovation, collaborations, joint venture, and partnership.

Based on type, inductive absolute encoders market is segmented as single turn and multi turn. In addition, based on application, market is segmented as assembly equipment, machine tool, consumer electronics and others.

The inductive absolute encoders market is driven by growth in adoption of industry 4.0, followed by rise in need for high-end automation across industries and growth in inclination toward advanced technologies amid Covid-19 pandemic. Apart from this, variations in international regulations and problems related to accuracy are major hindering factors for global market. Moreover, upcoming technologies in automotive industry and rise in demand for artificial intelligence-based systems are leading opportunities for market. Furthermore, decline in growth of aerospace industry attributed to Covid-19 and mechanical failures in harsh environments are major challenges for global market.

Based on geography, the Asia-Pacific is the leading region in global inductive absolute encoders market owing to presence of numerous manufacturing hubs related to various industries, rise in demand for energy-efficient production processes and increase in number of manufacturing & engineering hubs related to various industries across the region. The North-America and Europe regions are estimated to witness higher growth rate due to rise in demand for energy-efficient production processes and growth in need for feedback systems over the forecast period. It is predicted that future of the global inductive absolute encoders market will be bright as a result of rise in need for automation by manufacturers across various industries during the forecast period.

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Global Inductive Absolute Encoders Market

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Ken Research
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