The Encoder Market size was valued at USD 2.8 billion in 2022 and is expected to grow to USD 6.49 billion by 2030 and grow at a CAGR of 11.1% over the forecast period of 2023-2030.
In terms of application, the automotive sector held a noteworthy 31% market share in 2023. Owing to the quick with the widespread use of loT, which employs encoders for many purposes, the automotive industry is anticipated to play a major proportion of the world market. The encoder blade's angular motion or position is converted to digital code with the aid of an optical encoder. Rotary encoders are widely used in many different applications that require precise shaft infinite rotation, such as computer input devices (like trackballs and optomechanical mice), industrial controls, robotics, climate control units, and many UIs for users. Because of these benefits, encoder demand in automotive applications is rising.
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The market is divided into two segments based on type rotary and linear encoders. The demand for rotary encoders is driven by the rapid growth of industrial automation across various industries, including aerospace, healthcare, automotive, packaging, and electronics. These encoders are used to measure the rotation, angular speed, and positioning of moving parts in a wide range of applications and usage. The other is a linear encoder, which is a mechanical motion sensor that can interpret motion and subsequently digitize linear position. They measure or quantify the motion in a straight line. These are the unique sensors connected to a scale that have the ability to read it, convert the position into digital, and
Growing need for automation in industry
The main factor driving demand for encoders has been manufacturers' need for automation across all industries. Precise speed and direction are provided in automation to guarantee the motor operates securely and smoothly. The use of encoders is growing for a variety of purposes along with the global automation adoption trend. Encoders are utilized in various applications such as filling, conveying, backstop gauging, linear measurement, web tensioning, and registration mark timing. Electric motors are also powered by electricity in the manufacturing sector. Consequently, encoders are used by the majority of these electric motors to monitor or control motor functions.
Widespread use in cutting-edge automotive systems
RESTRAIN:
Accuracy-related errors
The core component of any closed-loop servo system is an encoder, which gives feedback to the controller so it can decide whether the motor has reached the desired position or speed. A number of variables, including temperature, vibration, and wear and tear, can affect an encoder's accuracy. In an effort to increase the precision and dependability of encoders, manufacturers are creating new materials and technologies, but this could raise the cost of manufacturing.
Contamination may cause harm to optical encoders.
OPPORTUNITY:
Growing government programs to increase industrial automation
Governments all across the world are encouraging the use of different automation technologies to help the manufacturing industries grow structurally. Governments all across the world concentrate on the manufacturing sector since it is a crucial one for this development. This is anticipated to increase industrial robot adoption and subsequently propel market expansion overall.
Growing adoption of Industry 4.0
CHALLENGES:
Variations in international regulations
One of the biggest issues facing the market is the use of encoders in harsh environments. Extreme temperature variations, high humidity, dust, vibrations, and other unfavorable conditions can all have an impact on the accuracy and dependability of the encoder's readings. Signal output failure, mechanical bearing overload, and liquid contamination or solid particulate are the main causes of encoder failure in harsh environments. Any of these can cause the encoder to stop working or cause the system to behave erratically.
Unreliability of machinery in hostile conditions
The impact of Russia's war against Ukraine on the world economy is still unknown. Data from the stock market suggests that companies with strong ownership or trade links to Russia are more vulnerable to negative repercussions as the fight continues. Long-term economic damage from war is substantial. Although evaluating the long-term effects of Russia's invasion of Ukraine in early 2022 is premature, it is evident that the country has already suffered greatly, as has the majority of other European nations. An approach to assessing the impact of the conflict is to examine financial markets. Can learn things about the actual economy from asset prices. Generally speaking, examining the quick reaction of share prices can offer insightful information about the share prices generally represent the expectations of a large number of knowledgeable individuals and businesses (like pension funds and banks) about the state of the economy in the future. These expectations typically shift in response to wars, and this shift isn't always accompanied by a drop in price. For instance, when the invasion of Iraq occurred in March, the stock market reacted favourably because it was viewed as "good" news by investors worldwide. The effects of war on asset prices generally can be diverse. However, what about at the level of specific businesses. One important question to ask is which companies' valuations are likely to increase and which ones should expect a prolonged decline. The total losses resulting from ownership or trade ties with Russia correspond to 0.73 percentage points and 0.8 percentage points.
IMPACT OF ONGOING RECESSION
Due to the epidemic, businesses soon realized they needed to use technology to continue accomplishing all of their business goals. Technology enabled when consumer demand and behaviour changed. Companies should adapt by creating new revenue streams and diversifying their supply chains. The previous ones still exist, but we are now dealing with a fresh set of financial challenges. The fast evolution of business technology, such as Al and, is driving the need for current knowledge on how to develop, implement, and maintain systems that can integrate with a range of other software and databases, as well as loT end-points like devices, vehicles, and equipment machinery. There's no room for lazy thinking. One could argue that when businesses face greater challenges, there is a greater need for the skills of service providers because they are in the business of protecting other customers against the adverse consequences of a volatile world economy. That being said, even with the growing demand for tech specialists, the hiring process will be examined much more carefully because, as IT spending increases, so does the need for return on investment in those regions. It is not enough to show up for an interview with a basic skill set; need to make an impression. from rivals because the bar will be raised and hiring budgets might change. Increasing your skill set and making time for training on a regular basis.
By Type
Rotary encoder
Linear encoder
By Signal type
Incremental
Absolute
By Technology
Magnetic
Optical
Inductive
Other
By Application
Industrial
Healthcare
Consumer electronics
Automotive
Power
Food and Beverage
Aerospace
Printing
Textile
Others
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The market for optical encoders in Europe held a sizable market share in 2022. The complexity of electronic goods is driving up the need for high-quality assurance in Surface Mount Technology (SMT) activities in the region. The market for SMT placement equipment is expanding as manufacturers employ increasingly advanced absolute encoders. It has been demonstrated that optical encoder systems improve repeatability and efficiency in consumer electronics and the healthcare industry. In addition, industries keep embracing encoder goods due to the growth of the healthcare sector in the area. The local optical encoder industry will have numerous opportunities as a result of these factors. Additionally, the U.K. optical encoder market was expanding at the fastest rate, while the German optical encoder market had the largest market share.
Over 38.5% of the market was accounted for by Asia Pacific in 2022. In Asia Pacific, the encoder market is expanding rapidly as a result of several factors coming together. The need for encoders in automation and robotics is being driven by the growing manufacturing sector in nations like China and India. Infrastructure and construction are developing at a rapid pace due to urbanization, necessitating accurate measurement and placement techniques. Furthermore, encoders are required for accurate tracking and control due to the region's growing focus on renewable energy projects, such as solar and wind power installations. Additionally, the growing market in Asia Pacific is facilitated by the spread of consumer electronics, the manufacturing of automobiles, and the uptake of loT technologies.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players of Encoder Market are Sensata Technologies (US); HEIDENHAIN (Germany) Fortive (Dynapar) (US); Renishaw plc (UK); Mitutoyo Corporation (Japan); FRABA B.V. (Netherlands); ifm electronic (Germany); Pepperl+Fuchs (Germany); Maxon (Switzerland); Balluff Inc (Germany); Pilz GmbH & Co. KG (Germany); and other players are listed in a final report.
Sensata Technologies (US)-Company Financial Analysis
As an example, in July 2022, the private equity firm Pfingsten Partners purchased Dynapower Company LLC (South Burlington, Vermont), a prominent provider of energy storage and power conversion systems, from Sensata Technologies (US). Delivering highly engineered, mission-critical power conversion solutions to the rapidly expanding renewable energy storage, electric vehicle charging, and industrial and defense sectors is the goal.
The ECI 1122 and EQI 1134 encoders, which represent the most recent inductive scanning technology, were introduced by HEIDENHAIN (Germany) in July 2022. These new encoders benefit from low signal noise, low speed ripple, operating data collection, and less cabling because they have an EnDat 3 interface. These benefits were attained by sharply improving motor control performance by raising the resolution of the single turn position to 22 bits.
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.8 billion |
| Market Size by 2030 | US$ 6.49 billion |
| CAGR | CAGR of 11.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | By Type (Rotary encoder, Linear encoder), By Signal type (Incremental, Absolute), By Technology (Magnetic, Optical, Inductive, Other), By Application (Industrial, Healthcare, Consumer electronics, Automotive, Power, Food and Beverage, Aerospace, Printing, Textile, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Sensata Technologies (US); HEIDENHAIN (Germany) Fortive (Dynapar) (US); Renishaw plc (UK); Mitutoyo Corporation (Japan); FRABA B.V. (Netherlands); ifm electronic (Germany); Pepperl+Fuchs (Germany); Maxon (Switzerland); Balluff Inc (Germany); Pilz GmbH & Co. KG (Germany) |
| Market Opportunities |
•Growing government programs to increase industrial automation •Growing adoption of Industry 4.0 |
| Market Challenges: |
•Variations in international regulations •Unreliability of machinery in hostile conditions |
Variations in international regulations and Unreliability of machinery in hostile conditions
Growing government programs to increase industrial automation and Growing adoption of Industry 4.0.
Europe is dominating the Encoder Market.
The Encoder Market size was valued at USD 2.8 billion in 2022
The Encoder Market is anticipated to expand by 11.1% from 2023 to 2030.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Encoder Market Segmentation, By Type
8.1 Rotary encoder
8.2 Linear encoder
9. Encoder Market Segmentation, By Signal type
9.1 Incremental
9.2 Absolute
10. Encoder Market Segmentation, By Technology
10.1 Magnetic
10.2 Optical
10.3 Inductive
10.4 Other
11. Encoder Market Segmentation, By Application
11.1 Industrial
11.2 Healthcare
11.3 Consumer electronics
11.4 Automotive
11.5 Power
11.6 Food and Beverage
11.7 Aerospace
11.8 Printing
11.9 Textile
11.10 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Encoder Market by Country
12.2.2North America Encoder Market by Type
12.2.3 North America Encoder Market by Signal Type
12.2.4 North America Encoder Market by Technology
12.2.5 North America Encoder Market by Application
12.2.6 USA
12.2.6.1 USA Encoder Market by Type
12.2.6.2 USA Encoder Market by Signal Type
12.2.6.3 USA Encoder Market by Technology
12.2.6.4 USA Encoder Market by Application
12.2.7 Canada
12.2.7.1 Canada Encoder Market by Type
12.2.7.2 Canada Encoder Market by Signal Type
12.2.7.3 Canada Encoder Market by Technology
12.2.7.4 Canada Encoder Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Encoder Market by Type
12.2.8.2 Mexico Encoder Market by Signal Type
12.2.8.3 Mexico Encoder Market by Technology
12.2.8.4 Mexico Encoder Market by Application
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Encoder Market by Country
12.3.1.2 Eastern Europe Encoder Market by Type
12.3.1.3 Eastern Europe Encoder Market by Signal Type
12.3.1.4 Eastern Europe Encoder Market by Technology
12.3.1.5 Eastern Europe Encoder Market by Application
12.3.1.6 Poland
12.3.1.6.1 Poland Encoder Market by Type
12.3.1.6.2 Poland Encoder Market by Signal Type
12.3.1.6.3 Poland Encoder Market by Technology
12.3.1.6.4 Poland Encoder Market by Application
12.3.1.7 Romania
12.3.1.7.1 Romania Encoder Market by Type
12.3.1.7.2 Romania Encoder Market by Signal Type
12.3.1.7.3 Romania Encoder Market by Technology
12.3.1.7.4 Romania Encoder Market by Application
12.3.1.8 Hungary
12.3.1.8.1 Hungary Encoder Market by Type
12.3.1.8.2 Hungary Encoder Market by Signal Type
12.3.1.8.3 Hungary Encoder Market by Technology
12.3.1.8.4 Hungary Encoder Market by Application
12.3.1.9 Turkey
12.3.1.9.1 Turkey Encoder Market by Type
12.3.1.9.2 Turkey Encoder Market by Signal Type
12.3.1.9.3 Turkey Encoder Market by Technology
12.3.1.9.4 Turkey Encoder Market by Application
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Encoder Market by Type
12.3.1.10.2 Rest of Eastern Europe Encoder Market by Signal Type
12.3.1.10.3 Rest of Eastern Europe Encoder Market by Technology
12.3.1.10.4 Rest of Eastern Europe Encoder Market by Application
12.3.2 Western Europe
12.3.2.1 Western Europe Encoder Market by Country
12.3.2.2 Western Europe Encoder Market by Type
12.3.2.3 Western Europe Encoder Market by Signal Type
12.3.2.4 Western Europe Encoder Market by Technology
12.3.2.5 Western Europe Encoder Market by Application
12.3.2.6 Germany
12.3.2.6.1 Germany Encoder Market by Type
12.3.2.6.2 Germany Encoder Market by Signal Type
12.3.2.6.3 Germany Encoder Market by Technology
12.3.2.6.4 Germany Encoder Market by Application
12.3.2.7 France
12.3.2.7.1 France Encoder Market by Type
12.3.2.7.2 France Encoder Market by Signal Type
12.3.2.7.3 France Encoder Market by Technology
12.3.2.7.4 France Encoder Market by Application
12.3.2.8 UK
12.3.2.8.1 UK Encoder Market by Type
12.3.2.8.2 UK Encoder Market by Signal Type
12.3.2.8.3 UK Encoder Market by Technology
12.3.2.8.4 UK Encoder Market by Application
12.3.2.9 Italy
12.3.2.9.1 Italy Encoder Market by Type
12.3.2.9.2 Italy Encoder Market by Signal Type
12.3.2.9.3 Italy Encoder Market by Technology
12.3.2.9.4 Italy Encoder Market by Application
12.3.2.10 Spain
12.3.2.10.1 Spain Encoder Market by Type
12.3.2.10.2 Spain Encoder Market by Signal Type
12.3.2.10.3 Spain Encoder Market by Technology
12.3.2.10.4 Spain Encoder Market by Application
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Encoder Market by Type
12.3.2.11.2 Netherlands Encoder Market by Signal Type
12.3.2.11.3 Netherlands Encoder Market by Technology
12.3.2.11.4 Netherlands Encoder Market by Application
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Encoder Market by Type
12.3.2.12.2 Switzerland Encoder Market by Signal Type
12.3.2.12.3 Switzerland Encoder Market by Technology
12.3.2.12.4 Switzerland Encoder Market by Application
12.3.2.13 Austria
12.3.2.13.1 Austria Encoder Market by Type
12.3.2.13.2 Austria Encoder Market by Signal Type
12.3.2.13.3 Austria Encoder Market by Technology
12.3.2.13.4 Austria Encoder Market by Application
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Encoder Market by Type
12.3.2.14.2 Rest of Western Europe Encoder Market by Signal Type
12.3.2.14.3 Rest of Western Europe Encoder Market by Technology
12.3.2.14.4 Rest of Western Europe Encoder Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Encoder Market by Country
12.4.2 Asia Pacific Encoder Market by Type
12.4.3 Asia Pacific Encoder Market by Signal Type
12.4.4 Asia Pacific Encoder Market by Technology
12.4.5 Asia Pacific Encoder Market by Application
12.4.6 China
12.4.6.1 China Encoder Market by Type
12.4.6.2 China Encoder Market by Signal Type
12.4.6.3 China Encoder Market by Technology
12.4.6.4 China Encoder Market by Application
12.4.7 India
12.4.7.1 India Encoder Market by Type
12.4.7.2 India Encoder Market by Signal Type
12.4.7.3 India Encoder Market by Technology
12.4.7.4 India Encoder Market by Application
12.4.8 Japan
12.4.8.1 Japan Encoder Market by Type
12.4.8.2 Japan Encoder Market by Signal Type
12.4.8.3 Japan Encoder Market by Technology
12.4.8.4 Japan Encoder Market by Application
12.4.9 South Korea
12.4.9.1 South Korea Encoder Market by Type
12.4.9.2 South Korea Encoder Market by Signal Type
12.4.9.3 South Korea Encoder Market by Technology
12.4.9.4 South Korea Encoder Market by Application
12.4.10 Vietnam
12.4.10.1 Vietnam Encoder Market by Type
12.4.10.2 Vietnam Encoder Market by Signal Type
12.4.10.3 Vietnam Encoder Market by Technology
12.4.10.4 Vietnam Encoder Market by Application
12.4.11 Singapore
12.4.11.1 Singapore Encoder Market by Type
12.4.11.2 Singapore Encoder Market by Signal Type
12.4.11.3 Singapore Encoder Market by Technology
12.4.11.4 Singapore Encoder Market by Application
12.4.12 Australia
12.4.12.1 Australia Encoder Market by Type
12.4.12.2 Australia Encoder Market by Signal Type
12.4.12.3 Australia Encoder Market by Technology
12.4.12.4 Australia Encoder Market by Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Encoder Market by Type
12.4.13.2 Rest of Asia-Pacific Encoder Market by Signal Type
12.4.13.3 Rest of Asia-Pacific Encoder Market by Technology
12.4.13.4 Rest of Asia-Pacific Encoder Market by Application
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Encoder Market by country
12.5.1.2 Middle East Encoder Market by Type
12.5.1.3 Middle East Encoder Market by Signal Type
12.5.1.4 Middle East Encoder Market by Technology
12.5.1.5 Middle East Encoder Market by Application
12.5.1.6 UAE
12.5.1.6.1 UAE Encoder Market by Type
12.5.1.6.2 UAE Encoder Market by Signal Type
12.5.1.6.3 UAE Encoder Market by Technology
12.5.1.6.4 UAE Encoder Market by Application
12.5.1.7 Egypt
12.5.1.7.1 Egypt Encoder Market by Type
12.5.1.7.2 Egypt Encoder Market by Signal Type
12.5.1.7.3 Egypt Encoder Market by Technology
12.5.1.7.4 Egypt Encoder Market by Application
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Encoder Market by Type
12.5.1.8.2 Saudi Arabia Encoder Market by Signal Type
12.5.1.8.3 Saudi Arabia Encoder Market by Technology
12.5.1.8.4 Saudi Arabia Encoder Market by Application
12.5.1.9 Qatar
12.5.1.9.1 Qatar Encoder Market by Type
12.5.1.9.2 Qatar Encoder Market by Signal Type
12.5.1.9.3 Qatar Encoder Market by Technology
12.5.1.9.4 Qatar Encoder Market by Application
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Encoder Market by Type
12.5.1.10.2 Rest of Middle East Encoder Market by Signal Type
12.5.1.10.3 Rest of Middle East Encoder Market by Technology
12.5.1.10.4 Rest of Middle East Encoder Market by Application
12.5.2. Africa
12.5.2.1 Africa Encoder Market by country
12.5.2.2 Africa Encoder Market by Type
12.5.2.3 Africa Encoder Market by Signal Type
12.5.2.4 Africa Encoder Market by Technology
12.5.2.5 Africa Encoder Market by Application
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Encoder Market by Type
12.5.2.6.2 Nigeria Encoder Market by Signal Type
12.5.2.6.3 Nigeria Encoder Market by Technology
12.5.2.6.4 Nigeria Encoder Market by Application
12.5.2.7 South Africa
12.5.2.7.1 South Africa Encoder Market by Type
12.5.2.7.2 South Africa Encoder Market by Signal Type
12.5.2.7.3 South Africa Encoder Market by Technology
12.5.2.7.4 South Africa Encoder Market by Application
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Encoder Market by Type
12.5.2.8.2 Rest of Africa Encoder Market by Signal Type
12.5.2.8.3 Rest of Africa Encoder Market by Technology
12.5.2.8.4 Rest of Africa Encoder Market by Application
12.6. Latin America
12.6.1 Latin America Encoder Market by country
12.6.2 Latin America Encoder Market by Type
12.6.3 Latin America Encoder Market by Signal Type
12.6.4 Latin America Encoder Market by Technology
12.6.5 Latin America Encoder Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Encoder Market by Type
12.6.6.2 Brazil Encoder Market by Signal Type
12.6.6.3 Brazil Encoder Market by Technology
12.6.6.4 Brazil Encoder Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Encoder Market by Type
12.6.7.2 Argentina Encoder Market by Signal Type
12.6.7.3 Argentina Encoder Market by Technology
12.6.7.4 Argentina Encoder Market by Application
12.6.8 Colombia
12.6.8.1 Colombia Encoder Market by Type
12.6.8.2 Colombia Encoder Market by Signal Type
12.6.8.3 Colombia Encoder Market by Technology
12.6.8.4 Colombia Encoder Market by Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Encoder Market by Type
12.6.9.2 Rest of Latin America Encoder Market by Signal Type
12.6.9.3 Rest of Latin America Encoder Market by Technology
12.6.9.4 Rest of Latin America Encoder Market by Application
13 Company Profile
13.1 Sensata Technologies (US)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 HEIDENHAIN (Germany)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Fortive (Dynapar) (US)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Renishaw plc (UK)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Mitutoyo Corporation (Japan)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 FRABA B.V. (Netherlands)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 ifm electronic (Germany)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Pepperl+Fuchs (Germany)
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Maxon (Switzerland)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Balluff Inc (Germany)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Pilz GmbH & Co. KG (Germany)
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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