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Linear Encoders Market to Hit US$ 1,756.26 Million By 2030, Growing at 8.7% CAGR

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New York, July 04, 2023 (GLOBE NEWSWIRE) — As per the research report “Global Linear Encoders Market” published by Consegic Business Intelligence, the market was worth USD 921.16 million in 2022 and is anticipated to reach over USD 1,756.26 million by the year 2030, growing at a CAGR of 8.7%.

Linear encoders are the sensors that detect linear movements as absolute position values without establishing a physical contact with the object. Linear encoders play a crucial role in determining the speed, position, and direction of linear motion. Consequently, linear encoders are extensively utilized in motion systems, metrology instruments, inkjet printers and high precision machining tools.

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The increasing demand for automation in manufacturing industries for measurement of a wide variety of parameters such as velocity, direction, and position is driving the growth of the market. Identification and measurement of parameters including velocity, direction, and position helps businesses to streamline their business operations. For instance, in December 2021, Fagor Automation L3 linear encoder featuring three optical glasses called S3, SV3, and G3 designed to increase productivity and reduce costs.

The adoption of linear encoders in medical imaging and scanning systems, such as computed tomography (CT) and magnetic resonance imaging (MRI) is expected to present potential opportunities for the growth of the market during the forecast period. However, the sensitivity of linear encoders towards dust, dirt, moisture, and temperature variations is restraining the growth of the market.

Report Attributes Report Details
Market Size By 2030  USD 1,756.26 million
Forecast Period 2023-2030
CAGR (2023-2030) 8.7%
Base Year 2022
Study Timeline 2017-2030
Key Players Baumer Group, Honeywell International, Maxon Motor AG, Newall Electronics Inc., OMRON Corporation, Panasonic Corporation, Rockwell Automation, Inc., Schneider Electric, Sensata Technologies Inc., MEGATRON Elektronik GmbH & Co. KG, NVE Corporation, Heidenhain, Renishaw plc., SICK AG
By Type Optical Encoder, Magnetic Encoder, Capacitive, Inductive, Eddy Current Encoder, Incremental Linear Encoders, and Absolute Capacitive Linear Encoder
By Output Analog and Digital
By Application Coordinate Measuring Machines, Machine Tools, Laser Scanners, Digital Read Outs (DROs), Wire Bonders, Printers and Digital Presses, and Others
By End-User Healthcare, Research Labs, Semiconductor Manufacturing, Industrial Processes, Metallurgy, and Others
Report Coverage Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more
By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

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Linear Encoders Market Growth Drivers:

  • The increasing demand for automation during manufacturing processes to streamline the business operations is driving the growth of the market.
  • The increasing adoption of advanced machine tool technologies such as Computer Numerical Control (CNC) machining is accelerating the growth of linear encoders market.
  • The rising demand for precise measurements in semiconductor industry is propelling the growth of the market.

Restraints

  • Environmental sensitivity of linear encoders is hindering the market growth.

Opportunities

  • The adoption of linear encoders in medical imaging and scanning systems, such as computed tomography (CT) and magnetic resonance imaging (MRI) is expected to present potential opportunities for the growth of the market during the forecast period.

Global Linear Encoders Market Segmentation Details:

Based on Type, the optical encoder contributed the largest shares to the market growth in 2022. The ability of optical linear encoders to provide high-resolution, high-accuracy and flexibility in mounting options is driving the growth of the market. Therefore, optical encoders consist of a photoelectric sensor that detects the light passing through the scale. Consequently, the application of optical linear encoders in industrial automation is accelerating the growth of the market.

Based on Output, the analog linear encoders segment accounted for the maximum revenue share in the year 2022. The lower bandwidth of analog signals minimizes Electromagnetic compatibility (EMC) emissions, thereby contributing to the growth of the market. Moreover, analog linear encoders provide readings using an oscilloscope in XY mode to monitor the movements of industrial machines, resulting in the market growth.

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Based on Application, the printers and digital presses segment accounted for the maximum revenue share in the year 2022. The increasing adoption of linear encoders in printers and presses to monitor the position of the print head is driving the growth of the market. Moreover, the linear encoders play a crucial role in ensuring that the image and text is printed in the correct location, resulting in market growth.

Based on End-User, the semiconductor manufacturing accounted for the maximum revenue share in the year 2022. Linear encoders play a crucial role in semiconductor manufacturing industry for wafer handling and inspection systems. Moreover, the application of linear encoders for the production of high-quality integrated circuits and semiconductor devices is propelling the growth of the market.

Based on region, Asia-Pacific accounted for the largest revenue share in the year 2022. The increasing number of industrial activities in sectors such as automotive, electronics, and machinery is driving the growth of the market. Moreover, the increasing adoption of consumer electronics devices among consumers increases the demand for efficient semiconductor devices, resulting in the market growth.

Recent Developments

  • In July 2022, Heidenhain launched new series of linear scales called LCxx6 series for machines tools designed with an optimized internal scanning system for position measurement on machine-tool linear axes.

Key Market Highlights

  • Globally, linear encoders market is divided based on the type into optical encoder, magnetic encoder, capacitive, inductive, eddy current encoder, incremental linear encoders, and absolute capacitive linear encoder.
  • In the context of output, the market is separated into analog and digital.
  • Based on application, the market is separated into coordinate measuring machines, machine tools, laser scanners, digital read outs (DROs), wire bonders, printers and digital presses, and others.
  • In the context of end-user, the market is separated into healthcare, research labs, semiconductor manufacturing, industrial processes, metallurgy, and others.
  • The market is geographically divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
  • Asia-Pacific and North America are estimated to support the market growth during the forecast period in terms of the large presence of market players combined with high expenditures on technological advancements in Linear Encoders market.

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List of Major Global Linear Encoders Market Players

The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —

• Baumer Group

• Honeywell International

• Maxon Motor AG

• Newall Electronics Inc.

• OMRON Corporation

• Panasonic Corporation

• Rockwell Automation, Inc.

• Schneider Electric

• Sensata Technologies, Inc.

• MEGATRON Elektronik GmbH & Co. KG

• NVE Corporation

• Heidenhain

• Renishaw plc.

• SICK AG

Global Linear Encoders Market Segmentation: 

  • Optical Encoder
  • Magnetic Encoder
  • Capacitive
  • Inductive
  • Eddy Current Encoder
  • Incremental Linear Encoders
  • Absolute Capacitive Linear Encoder
  • Analog
  • Digital
  • By Application
    • Coordinate Measuring Machines
    • Machine Tools
    • Laser Scanners
    • Digital Read Outs (DROs)
    • Wire Bonders
    • Printers and Digital Presses
    • Others
  • By End-User
    • Healthcare
    • Research Labs
    • Semiconductor Manufacturing
    • Industrial Processes
    • Metallurgy
    • Others

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Key Questions Covered in the Linear Encoders Market Report

  • What are linear encoders?

– Linear encoders are the devices used to inspect and monitor the position, speed, and direction of linear motion of different objects and machines. 

  • What are some of the most important applications of linear encoders and how do they impact the industry’s growth potential?

– Linear encoders play a crucial role in manufacturing of semiconductors for consumer electronics devices. Moreover, the application of linear encoders in manufacturing industries is driving the growth of the market. 

  • Based on current market trends and future predictions, which geographical region will have the largest impact on the Linear Encoders growth in the coming years?

– Asia-Pacific accounted for the largest revenue share in the year 2022. The increasing number of industrial activities in sectors such as automotive, electronics, and machinery is driving the growth of the market. 

  • Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030?

– Asia Pacific is anticipated to register fastest CAGR growth during the forecast period. The increasing adoption of consumer electronics devices among consumers is accelerating the market growth.

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Global Crawler Cranes Market Analysis & Industry Forecast To 2023 – 2030

About Consegic Business Intelligence Pvt Ltd.

Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.

Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.

Press Releases:- https://www.consegicbusinessintelligence.com/press-release/linear-encoders-market 

Contact:

Consegic Business intelligence Pvt Ltd.

Contact no.: (US) (505) 715-4344

Email: [email protected] 

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Artificial Intelligence

CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention

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Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency
SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.

Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.
Clever.AI enables brands to become:
Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROIEmpathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiencesActionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-timePeter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”
Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”
With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.
CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.
For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/X: https://twitter.com/CleverTap
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
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Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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