Digital Readout Equipment Market
Digital Readout Equipment Market Analysis, By Encoder (Linear Encoders, Rotary Encoders), By Resolution (1 µm, 5 µm), By Display (LCD & LED Graphic Displays), By Axis (Single Axis, Multi-Axis), By End-use Industry & Region - Global Market Insights 2023 to 2033
Analysis of Digital Readout Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Digital Readout Equipment Market Outlook (2023 to 2033)
The global digital readout equipment market is set to reach a valuation of US$ 863.4 million in 2023 and expand at a CAGR of 6.2% to end up at US$ 1.58 billion by 2033. Worldwide sales of digital readout equipment are expected to equal an absolute dollar opportunity of US$ 770.5 million over the forecast period (2023 to 2033).
According to this new analysis by Fact.MR, a market research and competitive intelligence provider, utilization of digital readout equipment witnessed a growth rate of 4.1% from 2018 to 2022.
Data is crucial for consistent and reliable manufacturing. This is why the data needs to be accurate and trustworthy, otherwise, it is nothing beyond numbers. With the use of digital readout (DRO), reading and recording data can be made effortless. A digital readout system is a combination of a simple computer, axis position encoders, and a numeric display with integrated keyboards.
DROs have plenty of functionalities, providing commutation of common operations faster, safer, and easier with accurate results. Since digital readout equipment facilitates operations such as milling, turning, boring, grinding, and other similar tasks, it results in reduced time and manpower, leading to optimized operational efficiency.
End-use industries such as industrial, manufacturing, and many others have vital requirements with precise data. Especially for metalworking such as lathes, milling machines, boring mills, planning machines, and other similar machines and equipment, DROs aid in keeping track of and display to the machine operator the precise tool or workpiece position.
There are various types of digital readout devices, among which, three axis is the preferred choice among machine tool builders and users alike due to their versatile features. Six axis DROs are anticipated to replace conventional DROs due to their extensive extra functions such as programs for recurring tasks, versatile mounting functions, and intuitive user interface counting to more flexibility in the type of work undertaken on the machine.
Furthermore, the surging use of digital readout equipment in industrial automation and robotics is likely to supplement the growth of the market over the period of 2023 to 2033. Rotary encoder DROs are predicted to account for a market value of US$ 541.7 million in 2023.
As mentioned earlier, demand for digital readout equipment is expected to grow due to the lucrative industrial and manufacturing sector, undeterred by significant labor and supply chain challenges. Manufacturers accelerating their adoption of digitalization and investing in greenfield and brownfield smart factories are viewed as one of the keys to driving competitiveness in the digital readout equipment landscape.
Skilled labor shortage, supply chain instability, and inventory management concerns will also positively impact digital readout equipment market growth. Implementation of smart systems, enhancing the process, and improving performance monitoring and decision-making, would also contribute to the increased sales of digital readouts.
The manufacturing industry enduring a digital transformation to increase efficiency, productivity, and accuracy, will drive worldwide digital readout equipment demand.
| Report Attributes | Details |
|---|---|
| Market Size (2022A) | US$ 809.6 Million |
| Estimated Market Value (2023E) | US$ 863.4 Million |
| Forecasted Market Value (2033F) | US$ 1.58 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.2% CAGR |
| North America Market Share (2023) | ~ 27.6% |
| North America Market Value (US$ Mn), 2023 | US$ 238.3 Million |
| Europe Market Share (%), 2023 | ~29.4% |
| Europe Market Value (US$ Mn), 2023 | US$ 253.8 Million |
| China Market Share (%), 2023 | ~11.4% |
| China Market Value (US$ Mn), 2023 | US$ 98.44 Million |
| Top 3 Countries’ Market Share (%) | ~38.2% |
| Key Companies Profiled | ACU-RITE; DRO PROS; Easson-Vertex; Fagor Automation; Faridabad Control Electricals Private Limited; HEIDENHAIN; JIRKA a spol., Ltd.; Newall; Sichuan Aikron Precision Tool Co., Ltd; Sterling TSI Co. Ltd.; Warren Machine Tools Ltd; Zhejiang Pinrui precision instrument co., ltd |
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What’s Driving Demand for Digital Readout Equipment?
“Digitalization of Manufacturing Associated with IR.4.0 Will Be Key Factor Fueling Market Growth”
In a majority of sectors such as metalworking, optical, electrical & electronics, automobiles, and many more, digital readouts find high application. DROs have a lot of functionalities in providing the computation of routine operations with the capability to accurately monitor position, without operators needing to worry about mechanical issues in machines.
With the emergence of industrial digitalization, manufacturing industries are also integrating digital technologies, which will enhance productivity, lower costs, and will be key to structuring a more vibrant manufacturing sector.
In the Industry 4.0 era, digital readouts can gather data from across a plant or multiple plants. They can send the data for analysis and indicate trends. As businesses become more intelligent, the requirement for real-time data and monitoring has become a crucial component of the intelligent manufacturing environment. Subsequently, the demand for digital readouts is increasing in various industries as they aid in achieving the goal of a smart manufacturing system.
“Economic Advantage to Drive Market Expansion”
Economic factors are an excellent reason to choose digital readouts for basic applications. A DRO consisting of a numeric display, computer, and three axis position encoders costs between US$ 2,000 to US$ 3,000, whereas, a CNC control with three axis control and servo actuators to move the cutting head might be ten times costlier.
When a manufacturer needs to make prototype parts or one-off products in support of maintenance and repair services, manual machines are relevant. The resolutions and accuracies needed in these applications are less than those of a CNC operating in a machine shop.
With advancements in technology, digital readouts are also getting smarter. Nowadays, DROs with up to six axis are available and also specially designed for EDMs and optical comparators. Thus, all these benefits of digital readouts in different applications will open up new doors of opportunities for digital readout manufacturing companies over the coming years.
What Concerns Do Digital Readout Equipment Manufacturers Have?
“Acceleration of Automation Adoption to Impede Market Growth”
With the advancement of CNC conversational controls and offline CAM programming, machine tool operators can create part programs directly at a machine’s control without a human. Since conventional digital readouts only monitor position, they make manufacturer organizations reluctant towards their benefits.
In addition, conversational programming provides simple, fast solutions directly on a machine’s control unit, with CAM programming used for more complex parts. It can also create quick prototype part designs using a machine’s controls. New menu-driven software applications that let users of various ability levels input data into prompt and drop-down choices for the machine's control have emerged as a result of developments in automation.
These advancements are potential threats to digital readout suppliers’ growth; however, they are still a good reason to choose basic applications.
Market share analysis of digital readout equipment based on end-use industry and region. Under the end-use industry segment, discrete manufacturing leads with 32.2% market share in 2023.
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Country-wise Insights
Why Does the U.S. Account for High Demand of Digital Readout Equipment?
The United States digital readout equipment market is currently estimated at US$ 200.7 million and is predicted to expand at a CAGR of 5.1% during the forecast period.
The United States possesses one of the world's largest industrial and manufacturing sectors, roughly accounting for 16.6% of global manufacturing. Digital readouts have a very promising future in the country due to improved production capabilities because of advanced manufacturing process implementations in the industry.
How is China Faring in the Digital Readout Equipment Industry?
China will hold 11.4% share of the global digital readout equipment market in 2023 and is projected to expand at the rate of 6% during the forecast years. Due to rapidly expanding sectors in the country, such as discrete manufacturing, metalworking, and industrial automation, sales of digital readout equipment are expected to increase substantially over the coming years.
Moreover, owing to the developing construction and manufacturing sectors in China and the rise of the country as a manufacturing hub of the world, demand for DROs is expected to propel owing to their application in metalworking. China holds a strong position at the country level and will account for around 56% share of East Asia`s digital readout equipment market in 2023.
Category-wise Insights
What is the Potential of Digital Readout Equipment in Discrete Manufacturing?
Key manufacturers are offering DROs specifically for lathes and milling machines. Thus, the utilization of digital readout equipment has increased consistently in the recent past, surpassing a market valuation of US$ 809.6 million in 2022.
Market players are offering digital readouts that can be installed into various types of machinery such as machine tools, dividing apparatuses, measuring and inspection equipment, setting tools, and more, to precisely track the position of a workpiece on the machine, thereby improving the accuracy and speed of the machining process.
In addition, the capability of DROs to accept input from various sources such as dimensional gages, machine tools, coordinate measuring machines, measuring microscopes, and optical comparators makes them ideal for discrete manufacturing. The discrete manufacturing end-use industry will see a valuation of around US$ 278 million in 2023 and is expected to hold a market share of 32.2% under the end-use segment.
Why are Linear Encoders Likely to Witness Accelerated Demand Growth?
Revenue generated from linear encoder digital readouts under the encoder segment is expected to increase at 4.2% CAGR during the forecast period.
Linear encoders are more frequently used than rotary encoders in lathe and mill works as they help errors in motion transmissions such as hysteresis and backlash. Rotary encoders lack the feature to track the effect of significant friction placed on a ball screw during high speed and acceleration or deceleration rates.
In 2023, the linear encoder DRO segment is predicted to account for the highest market share of 62.7% and reach a market value of US$ 541.4 million.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Prominent digital readout equipment manufacturers are ACU-RITE, Easson-Vertex, Elctronica, Fagor Automation, Faridabad Control Electricals Private Limited, HEIDENHAIN, JIRKA a spol., Ltd., Newall, Sichuan Aikron Precision Tool Co., Ltd, Sterling TSI Co. Ltd., Warren Machine Tools Ltd, and Zhejiang Pinrui Precision Instrument Co., Ltd.
Leading manufacturers of digital readouts are focused on developing application-specific products to optimize the efficiency and accuracy of their tasks. Companies are focused on developing entry-level, mid-range, and high- end products to meet various levels of functionality and price points. Working with customers, manufacturers are identifying and addressing the specific needs of applications and tailoring customized solutions.
For instance :
- Newall launched a new meterology-focused DRO in August 2022, DRO203Q, which uses power of DRO203 hardware to integrate geometric metrology functions. It will be useful in applications for optical comparators and measuring microscopes as it meets the needs for basic 2D meterology functions.
- Global manufacturer of precision hand tools L.S Starret Company, launched MetLogix Mx200 DRO in April 2020, which offers an intuitive user experience with a wide range of functionalities and current touchscreen conventions for optical comparators. It is capable of crosshair measurement and optical edge detection. It also has an exclusive EdgeLogic feature that allows gesture-driven control of start and end measurement commands, thereby minimizing the requirement to interact with the DRO directly.
Fact.MR has provided detailed information about the price points of key manufacturers of digital readout equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Digital Readout Equipment Industry Research
-
By Encoder :
- Linear Encoders
- Optical
- Magnetic
- Rotary Encoders
- Optical
- Magnetic
- Linear Encoders
-
By Resolution :
- 1 µm
- 5 µm
-
By Display :
- LCD Graphic Displays
- LED Graphic Displays
-
By Axis :
- Single Axis
- Multi-Axis
- 2 Axis
- 3 Axis
- 4 Axis
- 5 Axis
- 6 Axis
-
By End-use Industry :
- Aerospace & Defense
- Automobile Industry
- Discrete Manufacturing
- Electrical & Electronics Industry
- Industrial Automation & Robotics
- Metal Working Industry
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Encoder
- 7.1. Linear Encoders
- 7.1.1. Optical
- 7.1.2. Magnetic
- 7.2. Rotary Encoders
- 7.2.1. Optical
- 7.2.2. Magnetic
- 7.1. Linear Encoders
- 8. Global Market Analysis and Forecast, By Resolution
- 8.1. 1 µm
- 8.2. 5 µm
- 9. Global Market Analysis and Forecast, By Display
- 9.1. LCD Graphic Display
- 9.2. LED Graphic Display
- 10. Global Market Analysis and Forecast, By Axis
- 10.1. Single Axis
- 10.2. Multi Axis
- 10.2.1. 2 Axis
- 10.2.2. 3 Axis
- 10.2.3. 4 Axis
- 10.2.4. 5 Axis
- 10.2.5. 6 Axis
- 11. Global Market Analysis and Forecast, By End Use Industry
- 11.1. Aerospace & Defense
- 11.2. Automobile Industry
- 11.3. Discrete Manufacturing
- 11.4. Electrical & Electronics Industry
- 11.5. Industrial Automation & Robotics
- 11.6. Metal Working Industry
- 11.7. Others
- 12. Global Market Analysis and Forecast, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia & Oceania
- 12.6. Middle East & Africa
- 13. North America Market Analysis and Forecast
- 14. Latin America Market Analysis and Forecast
- 15. Europe Market Analysis and Forecast
- 16. East Asia Market Analysis and Forecast
- 17. South Asia & Oceania Market Analysis and Forecast
- 18. Middle East & Africa Market Analysis and Forecast
- 19. Country-level Market Analysis and Forecast
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. ACU-RITE
- 21.2. Easson-Vertex
- 21.3. Electronica
- 21.4. Fagor Automation
- 21.5. Faridabad Control Electricals Private Limited
- 21.6. HEIDENHAIN
- 21.7. JIRKA a spol., Ltd.
- 21.8. Newall
- 21.9. Sichuan Aikron Precision Tool Co.,Ltd
- 21.10. Sterling TSI Co. Ltd.
- 21.11. Warren Machine Tools Ltd
- 21.12. Zhejiang Pinrui Precision Instrument Co., Ltd
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Units) and Forecast by Region, 2018 to 2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 07. Global Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 08. Global Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 09. Global Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 11. Global Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 12. Global Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 13. Global Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 14. Global Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 15. Global Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 16. Global Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 17. Global Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 18. Global Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 19. Global Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 20. Global Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 21. Global Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 22. Global Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 23. Global Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 24. Global Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
Table 25. North America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 26. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27. North America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 28. North America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 29. North America Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 30. North America Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 31. North America Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 32. North America Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 33. North America Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 34. North America Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 35. North America Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 36. North America Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 37. North America Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 38. North America Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 39. North America Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 40. North America Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 41. North America Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 42. North America Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 43. North America Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 44. North America Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 45. North America Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 46. North America Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 47. North America Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 48. North America Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
Table 49. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 50. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. Latin America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 52. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 53. Latin America Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 54. Latin America Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 55. Latin America Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 56. Latin America Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 57. Latin America Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 58. Latin America Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 59. Latin America Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 60. Latin America Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 61. Latin America Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 62. Latin America Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 63. Latin America Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 64. Latin America Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 65. Latin America Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 66. Latin America Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 67. Latin America Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 68. Latin America Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 69. Latin America Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 70. Latin America Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 71. Latin America Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 72. Latin America Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
Table 73. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 74. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75. Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 76. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 77. Europe Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 78. Europe Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 79. Europe Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 80. Europe Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 81. Europe Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 82. Europe Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 83. Europe Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 84. Europe Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 85. Europe Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 86. Europe Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 87. Europe Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 88. Europe Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 89. Europe Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 90. Europe Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 91. Europe Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 92. Europe Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 93. Europe Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 94. Europe Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 95. Europe Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 96. Europe Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
Table 97. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 98. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 99. East Asia Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 100. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 101. East Asia Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 102. East Asia Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 103. East Asia Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 104. East Asia Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 105. East Asia Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 106. East Asia Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 107. East Asia Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 108. East Asia Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 109. East Asia Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 110. East Asia Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 111. East Asia Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 112. East Asia Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 113. East Asia Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 114. East Asia Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 115. East Asia Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 116. East Asia Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 117. East Asia Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 118. East Asia Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 119. East Asia Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 120. East Asia Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
Table 121. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 122. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 123. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 124. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 125. South Asia & Oceania Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 126. South Asia & Oceania Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 127. South Asia & Oceania Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 128. South Asia & Oceania Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 129. South Asia & Oceania Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 130. South Asia & Oceania Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 131. South Asia & Oceania Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 132. South Asia & Oceania Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 133. South Asia & Oceania Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 134. South Asia & Oceania Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 135. South Asia & Oceania Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 136. South Asia & Oceania Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 137. South Asia & Oceania Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 138. South Asia & Oceania Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 139. South Asia & Oceania Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 140. South Asia & Oceania Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 141. South Asia & Oceania Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 142. South Asia & Oceania Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 143. South Asia & Oceania Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 144. South Asia & Oceania Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
Table 145. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 146. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 147. MEA Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 148. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 149. MEA Market Value (US$ million) and Forecast By Encoder, 2018 to 2022
Table 150. MEA Market Value (US$ million) and Forecast By Encoder, 2023 to 2033
Table 151. MEA Market Volume (Units) and Forecast By Encoder, 2018 to 2022
Table 152. MEA Market Volume (Units) and Forecast By Encoder, 2023 to 2033
Table 153. MEA Market Value (US$ million) and Forecast By Resolution, 2018 to 2022
Table 154. MEA Market Value (US$ million) and Forecast By Resolution, 2023 to 2033
Table 155. MEA Market Volume (Units) and Forecast By Resolution, 2018 to 2022
Table 156. MEA Market Volume (Units) and Forecast By Resolution, 2023 to 2033
Table 157. MEA Market Value (US$ million) and Forecast By Display, 2018 to 2022
Table 158. MEA Market Value (US$ million) and Forecast By Display, 2023 to 2033
Table 159. MEA Market Volume (Units) and Forecast By Display, 2018 to 2022
Table 160. MEA Market Volume (Units) and Forecast By Display, 2023 to 2033
Table 161. MEA Market Value (US$ million) and Forecast By Axis, 2018 to 2022
Table 162. MEA Market Value (US$ million) and Forecast By Axis, 2023 to 2033
Table 163. MEA Market Volume (Units) and Forecast By Axis, 2018 to 2022
Table 164. MEA Market Volume (Units) and Forecast By Axis, 2023 to 2033
Table 165. MEA Market Value (US$ million) and Forecast By End Use Industry, 2018 to 2022
Table 166. MEA Market Value (US$ million) and Forecast By End Use Industry, 2023 to 2033
Table 167. MEA Market Volume (Units) and Forecast By End Use Industry, 2018 to 2022
Table 168. MEA Market Volume (Units) and Forecast By End Use Industry, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2022 & 2032
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 06. Global Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 08. Global Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 09. Global Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 10. Global Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 11. Global Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 12. Global Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 13. Global Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 14. Global Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 16. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 17. North America Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 18. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 19. North America Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 20. North America Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 21. North America Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 22. North America Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 23. North America Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 24. North America Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 25. North America Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 26. North America Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 27. North America Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 28. North America Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 29. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 30. North America Market Attractiveness Analysis By Encoder, 2023 to 2033
Figure 31. North America Market Attractiveness Analysis By Resolution, 2023 to 2033
Figure 32. North America Market Attractiveness Analysis By Display, 2023 to 2033
Figure 33. North America Market Attractiveness Analysis By Axis, 2023 to 2033
Figure 34. North America Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 35. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 36. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 37. Latin America Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 38. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 39. Latin America Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 40. Latin America Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 41. Latin America Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 42. Latin America Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 43. Latin America Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 44. Latin America Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 45. Latin America Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 46. Latin America Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 47. Latin America Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 48. Latin America Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 49. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 50. Latin America Market Attractiveness Analysis By Encoder, 2023 to 2033
Figure 51. Latin America Market Attractiveness Analysis By Resolution, 2023 to 2033
Figure 52. Latin America Market Attractiveness Analysis By Display, 2023 to 2033
Figure 53. Latin America Market Attractiveness Analysis By Axis, 2023 to 2033
Figure 54. Latin America Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 55. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 56. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 57. Europe Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 58. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 59. Europe Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 60. Europe Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 61. Europe Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 62. Europe Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 63. Europe Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 64. Europe Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 65. Europe Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 66. Europe Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 67. Europe Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 68. Europe Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 69. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 70. Europe Market Attractiveness Analysis By Encoder, 2023 to 2033
Figure 71. Europe Market Attractiveness Analysis By Resolution, 2023 to 2033
Figure 72. Europe Market Attractiveness Analysis By Display, 2023 to 2033
Figure 73. Europe Market Attractiveness Analysis By Axis, 2023 to 2033
Figure 74. Europe Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 75. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 76. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 77. East Asia Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 78. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 79. East Asia Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 80. East Asia Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 81. East Asia Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 82. East Asia Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 83. East Asia Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 84. East Asia Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 85. East Asia Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 86. East Asia Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 87. East Asia Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 88. East Asia Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 89. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 90. East Asia Market Attractiveness Analysis By Encoder, 2023 to 2033
Figure 91. East Asia Market Attractiveness Analysis By Resolution, 2023 to 2033
Figure 92. East Asia Market Attractiveness Analysis By Display, 2023 to 2033
Figure 93. East Asia Market Attractiveness Analysis By Axis, 2023 to 2033
Figure 94. East Asia Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 95. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 96. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 97. South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 98. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 99. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 100. South Asia & Oceania Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 101. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 102. South Asia & Oceania Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 103. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 104. South Asia & Oceania Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 105. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 106. South Asia & Oceania Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 107. South Asia & Oceania Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 108. South Asia & Oceania Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 109. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 110. South Asia & Oceania Market Attractiveness Analysis By Encoder, 2023 to 2033
Figure 111. South Asia & Oceania Market Attractiveness Analysis By Resolution, 2023 to 2033
Figure 112. South Asia & Oceania Market Attractiveness Analysis By Display, 2023 to 2033
Figure 113. South Asia & Oceania Market Attractiveness Analysis By Axis, 2023 to 2033
Figure 114. South Asia & Oceania Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Figure 115. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 116. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 117. MEA Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 118. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 119. MEA Market Value (US$ million) and Volume (Units) By Encoder, 2022 & 2032
Figure 120. MEA Market Y-o-Y Growth Rate By Encoder, 2023 to 2033
Figure 121. MEA Market Value (US$ million) and Volume (Units) By Resolution, 2022 & 2032
Figure 122. MEA Market Y-o-Y Growth Rate By Resolution, 2023 to 2033
Figure 123. MEA Market Value (US$ million) and Volume (Units) By Display, 2022 & 2032
Figure 124. MEA Market Y-o-Y Growth Rate By Display, 2023 to 2033
Figure 125. MEA Market Value (US$ million) and Volume (Units) By Axis, 2022 & 2032
Figure 126. MEA Market Y-o-Y Growth Rate By Axis, 2023 to 2033
Figure 127. MEA Market Value (US$ million) and Volume (Units) By End Use Industry, 2022 & 2032
Figure 128. MEA Market Y-o-Y Growth Rate By End Use Industry, 2023 to 2033
Figure 129. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 130. MEA Market Attractiveness Analysis By Encoder, 2023 to 2033
Figure 131. MEA Market Attractiveness Analysis By Resolution, 2023 to 2033
Figure 132. MEA Market Attractiveness Analysis By Display, 2023 to 2033
Figure 133. MEA Market Attractiveness Analysis By Axis, 2023 to 2033
Figure 134. MEA Market Attractiveness Analysis By End Use Industry, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the size of the global digital readout equipment market?
The global market for digital readout equipment is valued at US$ 809.6 million in 2022.
Which encoder type equipment holds the highest market share?
Linear encoder digital readout equipment accounted for 62.7% share of global sales in 2022.
Which is the predicted share for China in 2023 in the global market?
China is expected to hold 11.4% share of the global market in 2023.
How far is global demand expected to reach by 2033?
Worldwide demand for digital readout equipment is anticipated to reach US$ 1.5 billion by 2033-end.
Which region accounts for a leading market share?
North America leads the global digital readout equipment market accounting for 27.6% market share.
How did the market fare from 2018 to 2022?
From 2018 to 2022, sales of digital readout equipment increased at 4.1% CAGR.
Digital Readout Equipment Market