A rotary encoder, also called a shaft encoder, is an electro-mechanical device that converts the angular position or motion of a shaft or axle to an analog or digital code. There are two main types: absolute and incremental (relative).
Absolute rotary encoders provide a distinctly coded numerical value for each shaft position. In positioning tasks in particular, the absolute encoders relieve the controller of computation tasks and keep costs down by eliminating the need for additional input components.
Moreover, reference runs when the machine is switched on or after power failures are no longer required as the current position value is available immediately. Parallel absolute encoders transmit the position value to the analyzing electronics through several parallel cables. Serial absolute encoders transmit their output data via standardized interfaces and protocols.

Scope of the Report:
Absolute rotary encoders industry is relatively concentrated, manufacturers are mostly in the Japan, Europe and North America. Among them, Europe output value accounted for more than 45.71% of the total output value of global absolute rotary encoders in 2016. Heidenhain is the world leading manufacturer in global absolute rotary encoders market with the market share of 17.85%, in terms of revenue.
With the increasing in production capacity, expected that the absolute rotary encoders raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of absolute rotary encoders.
There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The worldwide market for Absolute Rotary Encoders is expected to grow at a CAGR of roughly 7.2% over the next five years, will reach 13100 million US$ in 2024, from 8670 million US$ in 2019, according to a new study.
This report focuses on the Absolute Rotary Encoders in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
Heidenhain
Tamagawa
Nemicon
P+F
TR Electronic
Baumer
Kuebler
Danaher (Hengstler)
Omron
Koyo
BEI
Sick
Yuheng Optics
ELCO
Wuxi CREATE
Roundss
Sanfeng
Shanghai HOUDE

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Multi-Turn
Single-Turn

Market Segment by Applications, can be divided into
Healthcare
Machine Tool
Consumer Electronics
Assembly Equipment
Others

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Absolute Rotary Encoders product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Absolute Rotary Encoders, with price, sales, revenue and global market share of Absolute Rotary Encoders in 2017 and 2018.
Chapter 3, the Absolute Rotary Encoders competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Absolute Rotary Encoders breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Absolute Rotary Encoders market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Absolute Rotary Encoders sales channel, distributors, customers, research findings and conclusion, appendix and data source.