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2025-09-26 09:23:23 -

Encoder Market 2030: Linear Encoders Power Semiconductor Surge

Global Encoder Market Overview The global encoder market was valued at USD 3.01 billion in 2023 and is expected to reach USD 6.50 billion by 2030, growing at a CAGR of 11.6% from 2024 to 2030. Market growth is being driven by the rising adoption of industrial automation, continuous advancements in encoder technologies, and increased demand across the consumer electronics sector. In...

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