MARKET OVERVIEW
Optical encoders have been the popular choice in the motion control market for many years. They are comprised of an LED light source (typically infrared) and photodetectors placed on opposite sides of an encoder disk. This disk is constructed of plastic or glass and contains a series of alternating transparent and opaque lines or slots.
MARKET SIZE & GROWTH
• The global Optical Encoder ICs Market was valued at $232 million in 2024.
• It is projected to reach $372 million by 2031.
• The market is expected to grow at a CAGR of 7.1% during the forecast period.
