Can magnetic ring encoder be used on the spindle of machine tool? What brand should I use?

The encoder on the spindle of CNC machine tools is very good, even better than ordinary ones, because it can be directly installed on the spindle, instead of other special positions that need coupling connection. Ordinary encoders are generally glass encoders, which are afraid of vibration and fragile, while the magnetic ring type works by using magnetoelectric sensing technology, so it has strong interference ability, durability and convenient installation, so it will be gradually used. Our machine tools are used.