ICs Market size was valued at US$ 876.3 million in 2024 and is projected to reach US$ 1.28 billion by 2032, at a CAGR of 5.42% during the forecast period 2025-2032
Report Studies
• The global Incremental Encoders ICs Market size was valued at US$ 876.3 million in 2024 and is projected to reach US$ 1.28 billion by 2032, at a CAGR of 5.42% during the forecast period 2025-2032. This growth is driven by increasing industrial automation across manufacturing sectors and rising demand for precision motion control systems.
• Incremental encoders ICs are semiconductor devices that convert angular or linear position into digital signals for motion control applications. These components provide real-time position feedback through pulse counting, featuring key variants including reflective and transmissive encoder ICs. Their compact design and high resolution make them essential for robotics, CNC machines, and servo motors where precise movement tracking is critical.
• Thorlabs (U.S.)
• Newport Corporation (U.S.)
• AFW Technologies (Australia)
• Agiltron (U.S.)
• Laser Components GmbH (Germany)
• KS Photonics (China)
By Type:
• Thorlabs (U.S.)
• Newport Corporation (U.S.)
• AFW Technologies (Australia)
• Agiltron (U.S.)
• Laser Components GmbH (Germany)
• KS Photonics (China)
• The market is segmented based on application into:
• Industrial Automation
• Motors
• Medical Equipment
• Office Automation
• Consumer Electronics
