Magnetic Encoders Industry: increase in use of rotary and linear scale encoder interface in upcoming term.
Magnetic encoders are used to keep track of positional displacement or keep track of the movement in any system. These are non contact encoders and very reliable compared to conventional ones used in the industries. There is high scope for the Magnetic Encoders Industry in various end user industry applications across the globe in the upcoming term.
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Scope and Regional Forecast of the Magnetic Encoders Industry:
In the Magnetic Encoders Industry, there is rise in use of non contact encoders in many systems, since these offer high life expectancy, accurate information and better performance. The incremental linear encoder, proximity sensor, quadrature encoder interface are highly used in various industries for absolute detection and measurement for different applications.
North America is one of the prominent regions for the Magnetic Encoders Industry due to the presence of many industries and high demand for the magnetic and optical encoders. Europe is expected to witness high use of magnetic encoders in industries, automotive industry and infrastructure applications.
Asia Pacific has high scope in the Magnetic Encoders Industry owing to the presence of high population and rise in industrialization in this region. There is high growth scope for this industry in India, China, Japan and Korea in the upcoming term. Automotive industry, medical applications and industries are expected to witness high utilization of the magnetic encoders in future.
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Segmentation and Key Players of the Magnetic Encoders Industry:
The Magnetic Encoders Industry is segmented into various categories by application, by country and by region as follows:
By application: automotive, power, energy, industrial and others
By country: United States, Germany, Japan and China
By region: North America, Europe and Asia
The key players in the Magnetic Encoders Industry that manufacture high quality encoders are as follows:
- ASM sensor
- BEI Sensors
The Magnetic Encoders Industry is a rapidly growing market with high usage of encoder products in automotive and industrial applications in various regions across the globe. This market is expected to witness high growth due to rise in investment in the magnetic ring encoder industry as well as the rise in demand for SSI encoder, magnetic encoder IC, rotary encoder IC for better encoder resolution in the system and effective rotary encoder circuit for proper functioning in the industries across the globe in the upcoming years.
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