Optical Encoder Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

Rapid upsurge in adoption of absolute optical encoders in robotics is particularly driving the growth of optical encoder market. Between 2022 and 2032, the global sales of optical encoders are projected for a robust hike at around 9.7% CAGR, as indicated in a new research study of Future Market Insights (FMI). Increasing implementation of advanced absolute optical encoders by manufacturers of surface mount technology (SMT) placement equipment will also remain a major booster to market growth through 2032.

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Global Optical Encoder Market

Key Takeaways – Optical Encoder Market Study

  • Players in the automation sector are switching from incremental optical encoders to absolute optical encoders that are well suited for high-precision instrument, as they produce parallel digit outputs.
  • Shafted optical encoder is estimated to continue to hold a leading market share, based on configuration, during the forecast period.
  • Healthcare equipment currently account for over a fourth of total demand. It will remain a significantly lucrative application area for optical encoder manufacturers and is most likely to overtake the consumer electronics industry in terms of market value share, in the latter half of projection period.
  • Asia Pacific excluding Japan (APEJ) is witnessing a high growth rate in optical encoder market as manufacturers of automotive, consumer electronic, and industry automation are adopting optical encoders to improve product quality

Manufacturers in the optical encoder market are targeting profits in the absolute optical encoder category, as adoption of these encoders by robotic equipment manufacturers has been on a constant rise with an aim to achieve enhanced functional safety and efficiency.

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Market segmentation is as follows:


  • shaft
  • hollow shaft
  • pure
  • multiple turns
  • increment

Output signal format

  • analog
  • digital


  • medical equipment
  • Consumer Electronics and Semiconductor Manufacturing Equipment
  • robotics equipment
  • test and measurement equipment
  • Other

Geographically, detailed analysis of consumption, revenue, market share and growth rate, historical and forecast (2021-2030) for the following regions:

  • Asia Pacific   (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
  • Europe   (Turkey, Germany, Russia, UK, Italy, France, etc.)
  • North America   (USA, Mexico and Canada)
  • South America   (Brazil, etc.)
  • Middle East and Africa   (GCC countries and Egypt)

Commercialization of Quantum Dots to Create Lucrative Opportunity

Requirement for high performance optical encoders is expected to increase, owing to commercialization of quantum dots (QDs). These QoDs are used in a variety of thin film devices such as photo detectors, solar cells and LEDs. In flat panel display (FPD) applications, QDs offer improved efficiency, display life, power consumption, brightness and color saturation, along with reduced cost.

Experts at FMI expects manufacturers to shift from liquid crystal display (LCD) towards the development of QD-enabled devices such as cost-effective thin film transistor (TFT) products in the foreseeable future.

Improvement in performance will be crucial to meet demand for motion control in these QD devices. Advanced optical encoders are expected to emerge as the best solutions for servo feedback in applications that require highest precision, in turn creating potential business opportunities for manufacturers in the optical encoders market.

Key Facts – Optical Encoder Market Research

  • Players in the field of automation are transitioning from incremental optical encoders to absolute optical encoders, which are well suited for high-precision instruments because they generate parallel digit outputs.
  • Shafted optical encoders are expected to continue to hold the highest market share during the forecast period, depending on configuration.
  • Medical equipment currently accounts for more than a quarter of total demand. This will remain a fairly lucrative application for optical encoder manufacturers and will most likely overtake the consumer electronics industry in terms of market value share later in the forecast period.
  • Asia Pacific Ex-Japan (APEJ) is witnessing high growth in the optical encoder market as automotive, consumer electronics and industrial automation manufacturers adopt optical encoders to improve product quality.

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