Global Optical Encoders Market to Reach $3.1 Billion by 2026
SAN FRANCISCO, March 3, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Optical Encoders - Global Market Trajectory & Analytics" .
- SAN FRANCISCO, March 3, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Optical Encoders - Global Market Trajectory & Analytics" .
- Latest IoT-powered optical encoders launched on the market present effective diagnostic systems capable of delivering diagnostic and condition monitoring information.
- Amid the COVID-19 crisis, the global market for Optical Encoders estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$3.1 Billion by 2026, growing at a CAGR of 8.5% over the analysis period.
- This segment currently accounts for a 33.1% share of the global Optical Encoders market.