Optical Encoder Market to Increase at Steady Growth Rate
Rising demand for advanced automation systems will continue to positively impact global optical encoder market revenues. The global market, valued at US$ 1,357.4 Mn in 2015, is expected to register a y-o-y growth rate of 11.3 % and attain a market value worth US$ 1,464.5 Mn in 2016. Growing demand for high-quality assurance in surface mount technology (SMT) placement processes and increasing acceptance of advanced motion control systems will continue to drive the growth of the market.
View full press release