North America Will Dominate Encoder Market
The revenue generated by the encoder market was USD 2,435 million in 2022, and it will power at a rate of 9.10% in the years to come, to touch USD 4,888 million by 2030. This has a lot to do with the increasing requirement for automotive products and the growing need for automation across industries. Furthermore, the demand for AI and ML-based systems is quickly increasing, which, in line, is driving the growth of the industry.
Read More: https://www.psmarketresearch.c....om/market-analysis/e
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