by A resolver is a rotary transformer that converts rotational information into electrical signals. Resolvers are commonly used in industrial controls, robotics, aviation, and other systems where rotational position must be converted to an electrical signal. In the aviation industry, resolvers are used extensively in fly-by-wire systems to provide pitch, roll and yaw position information to aircraft control systems. They are also used in aircraft landing gear and other mechanical systems to sense position and motion. The growing demand for new aircraft from commercial and military sectors is driving increased adoption of advanced flight control systems that rely on resolver feedback.
The global Resolvers Market is estimated to be valued at US$ 1117.44 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Theresolvers Market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, the rising production of commercial and military aircraft globally is fueling demand for advanced digital control systems that utilize resolvers. Major aircraft OEMs are increasingly integrating fly-by-wire and fly-by-light technologies in new aircraft programs, which requires precise resolver feedback. Secondly, the industrial automation sector is growing rapidly with greater uptake of robotics, motion control systems, and other mechatronics that depend on resolvers for rotary feedback. Resolver manufacturers are developing new product variants with enhanced accuracy, reliability and compatibility with diverse industrial operating environments. However, emerging sensor technologies like rotary encoders are gaining ground in position sensing applications and posing competition to conventional resolver solutions. Resolver suppliers are engaged in R&D of more compact and software configurable products to expand applications scope.
Segment Analysis
Resolvers Market operates in two primary segments – Brushless Resolvers and Brush Resolvers. Brushless Resolvers are the dominating sub-segment, accounting for around 65% of the overall market share. This is because brushless resolvers offer advantages like high accuracy, reliability, durability and require low maintenance. They are widely used in avionics, military and industrial robotics applications where precision and longevity is highly required.
PEST Analysis
Political: The resolvers market is influenced by government defense budgets which fund military hardware development. Higher military spending boosts adoption of precision resolvers in aviation and defense sectors.
Economic: As economies grow, demand rises for industrial automation and robotics. This stimulates the procurement of high-precision resolvers for robotic guidance applications. Further, recovery of the aviation sector post COVID-19 will fuel resolver demand.
Social: Higher standards of living increase spends on consumer electronics and general appliances. Feedback-controlled motors integrated with resolvers enhance features like self-driving and navigation abilities.
Technological: Advancements in miniaturization, integrated circuits and magnetic materials help manufacturers develop compact, high-resolution resolvers well-suited for miniature automated machines.
Key Takeaways
Global Resolvers Market Size is estimated to be valued at US$ 1117.44 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.
Regional analysis indicates North America accounts for over 35% market share currently, driven by strong demand from industrial automation and aerospace applications in the US and Canada. Asia Pacific is emerging as the fastest growing region for resolvers market owing to rapid industrialization and infrastructure development in major countries like China and India. Nations are investing heavily in robotics, enhancing adoption of robot guidance resolvers.
Key players operating in the resolvers market are Moog Inc., Honeywell International Inc., AMETEK Inc., TE Connectivity, Woodward Inc., General Dynamics Corporation, Parker Hannifin Corp, Sensata Technologies, Tamagawa Seiki Co., Ltd., LTN Servotechnik GmbH, Maxon Group, Bevone, Danaher Corporation, Kollmorgen, TE Connectivity, ALXION, Micronor, Elmo Motion Control, Electro-Sensors, Siko GmbH. Moog Inc. and Honeywell International Inc. hold the leading market shares owing to their vast product portfolio and strong distribution network globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
