by Resolvers are electromechanical transducers that convert angular displacement of a rotating shaft or an axis into an electrical signal. It consists of two concentric wound coils, a rotor winding and two stator windings arranged 90-degrees apart. Resolvers are commonly used in industrial automation, robotics, avionics, navigation systems, and machine tools to provide precise position and motion feedback. The increasing application of industrial robots for a variety of assembly line tasks in automobile, electronics, and other industries is creating strong demand for resolvers. Resolvers play a crucial role in providing accurate rotational position feedback to control motors that power robotic joints and end effectors. The global industrial automation industry is rapidly adopting collaborative robots or cobots that require high-performance resolvers. The growing complexity of automated machines and motion control systems also contributes to the resolver market growth.
The global resolvers market is estimated to be valued at US$ 970 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The resolver market growth is primarily driven by the increasing adoption of industrial automation and robotics across various industries. Automation brings numerous advantages like higher productivity, reduced costs, consistent quality, and minimized human errors in repetitive and hazardous manufacturing processes. Another key factor fueling the demand for resolvers is the rising use of unmanned aerial vehicles (UAVs), precision guided munitions, and unmanned underwater vehicles by defense agencies that require position sensing resolvers. Resolvers enable accurate reading of position, speed and direction of flight control surfaces and propulsion systems. Additionally, the integration of rotary position sensors like resolvers in motion control systems used in machine tools, 3D printers, packaging machines, and CNC machines also stimulates the market revenue.
Segment Analysis
The Global Resolvers Market Size can be segmented into sensing type and end use. Based on sensing type, the resolver-to-digital converter (RDC) segment dominates the market and held more than 50% share in 2024 due to their superior accuracy and higher resolution. RDCs can detect minute changes in the angular position of resolvers, which makes them ideal for precision motion control systems across different industries.
PEST Analysis
Political: Government investments and regulations around industries like aerospace, defense etc. positively impact the growth. However, trade barriers can hamper imports-exports.
Economic: Market witnesses strong growth during economic prosperities when industries boost investments in advanced manufacturing technologies. Recessions impact industries and hence the market.
Social: Increasing demand for industrial automation, precision machined parts drive adoption. Additionally, focus on worker safety and remote operations benefit the market.
Technological: Advancements in robotics, machine vision, IoT sensors create opportunities. New resolver designs with integrated interfaces aid design flexibility. Miniaturization and multi-shaft resolvers augment applications.
Key Takeaways
The global resolvers market is expected to witness high growth over the forecast period led by industrial automation trends across developed regions. The global resolvers market is estimated to be valued at US$ 970 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.
The North American region dominated with over 30% share in 2024 due to strong manufacturing base of aerospace, robotics and factory automation systems in the US and Canada. Countries like the US and Canada are early adopters of advanced robotics and machine vision systems which use resolvers.
Key players
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. Moog Inc. and Honeywell International Inc. are prominent suppliers with strong focus and capabilities across industrial motion control products including resolvers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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