Rotary Encoder Market Growth, Insights, and Forecast 2031
The rotary encoder market is experiencing significant growth as it becomes an integral part of various applications, ranging from industrial automation and robotics to automotive and consumer electronics. A rotary encoder is a sensor used to measure the rotation of a shaft or axle, converting mechanical motion into electrical signals. These encoders are used to control the position, speed, and direction of motors and other mechanical systems, making them essential in systems requiring precise movement control. As industries continue to demand higher automation and precision, the rotary encoder market is expected to expand substantially over the coming years. Rotary Encoder Market Overview The global rotary encoder market is projected to grow from US$ XX million in 2024 to US$ XX million by 2031, reflecting a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period from 2025 to 2031. This growth can be attributed to the increasing demand for advanced automation...