Resolvers are electromechanical transducers that are used to sense angular position of rotating shafts or other devices. Resolvers offer high accuracy, precision, and reliability for stringent motion control applications. They are commonly used in industrial robots, machine tools, aircraft systems, motion simulators, and medical devices to sense rotational position and convert it into a electrical signal. Resolvers provide an economical and durable solution for applications requiring high precision motion control over a long lifetime. The global Resolvers Market is estimated to be valued at US$ 970 Mn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends propelling the growth of the resolvers market is the increasing demand for precision motion control applications from industries such as robotics, aerospace, defense, industrial automation, and medical devices. High demand for industrial robots from automotive, electronics and food & beverages industry is driving the growth of resolvers market. Resolvers provide highly accurate rotational position sensing required for programming robot movement and motion. They offer durability, reliability and precision suitable for repetitive robot arm movement in production lines. Similarly, in the aerospace industry, resolvers are widely used to sense position of control surfaces like ailerons, elevators and rudders. They offer maintenance-free operation critical for safety in aircraft applications. Rapid automation of manufacturing processes and increasing capital expenditure on automated assembly lines is fueling the adoption of industrial robots and thus driving the resolvers market.
SWOT Analysis
Strength: Resolvers offer high accuracy and resolution for position and motion sensing applications. They provide long term stability and are suitable for harsh environments.
Weakness: Resolvers require more components like converters compared to encoders making the overall system expensive. Maintenance of resolvers is also difficult than encoders.
Opportunity: Growing adoption of resolvers in industrial robots, automation machines, aircraft systems provides growth opportunities. Emerging applications in additive manufacturing and 3D printing will boost demand.
Threats: Encoders are gaining popularity over resolvers due to their digital interfaces and programmability. Technology upgrades in sensors can pose threats.

Key Takeaways

The Global Resolvers Market Demand is expected to witness high growth. The market is driven by rising industrial automation and growing aerospace industry. Resolvers find major applications in robotics, industrial machinery and aircraft systems where high accuracy and ruggedness are required.

Regional analysis comprises- North America dominates the global market led by growing robotics adoption in automotive industry and presence of major players. Asia Pacific market is expected to grow at fastest pace with China, Japan and India emerging as major emerging markets. Increasing investments in industrial robotics and automation will fuel market in the region.

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. The market is consolidated in nature with top players accounting for majority share. Key players are focusing on developing high accuracy and programmableresolvers catering to niche application segments like additive manufacturing.

For more details on the report, Read- http://marketerefforts.weebly.com/home/precision-motion-control-drives-the-resolvers-market