Encoder Market Outlook: Forecasted to Attain US$ 4.8 Billion by 2033, Fueled by a 7.6% CAGR
The global encoder market is projected to grow at a rate of 7.6% over the coming years. It’s anticipated that the revenue generated from encoder sales will reach approximately US$ 2.3 billion in 2023 and is expected to increase to around US$ 4.8 billion by 2033. The encoder market is expanding as a result of the rising…