Encoder Market To Witness Massive Growth

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2025-01-02 10:43:09 -

Encoder Industry The global encoder market size was estimated at USD 3.01 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030. The increasing adoption of industrial automation, advancements in encoder technology, and rising demand for consumer electronics are significantly boosting the market. In addition, the automotive industry's shift towards electric and...

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