Resolvers are electromechanical transducers that serve as sensors to detect the angular position of rotating machinery. They are used in multiple industrial verticals such as aviation, marine, oil & gas, energy, and factory automation, to provide motion control feedback. Resolvers are highly durable devices that offer superior accuracy and reliability even in harsh operating conditions such as high vibration levels or extreme temperatures. The presence of only two wires instead of more complex encoder signals makes resolvers suitable for motion control applications requiring simple, robust feedback for speed, position, or velocity measurements.

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 increasing adoption of resolvers in motion control systems is the key driver propelling the growth of the resolvers market. Resolvers are considered ideal for motion control systems in many industrial sectors due to their rugged and reliable performance. They find widespread usage in feedback mechanisms for controlling the rpm and angular position of motors in various machinery. Additionally, the ability of resolvers to operate efficiently without requiring complex wiring also complements their suitability for rugged motion control applications. Furthermore, the growing demand for industrial automation from sectors such as automotive, semiconductors, food & beverages, and others is augmenting the integration of motion control systems, thus fueling resolver consumption.

SWOT Analysis

Strength: The resolvers market has a wide customer base across industries such as industrial machinery, aerospace, defense, transportation, and more. Resolvers provide high accuracy and resolution which makes them suitable for critical industrial and aviation applications. Manufacturers offer customized resolvers as per customer requirements which expands their customer reach.

Weakness: Resolvers require higher maintenance compared to absolute encoders. Mechanical components inside resolvers can get worn out over time reducing accuracy. Alternative technologies like encoders provide sensor solutions without the need for maintenance which is a drawback for resolvers.

Opportunity: Adoption of resolvers is increasing across industries which are industrializing rapidly including Asia Pacific and Middle East countries. Growth of industries like robotics, Industry 4.0 creates new revenue streams for resolver manufacturers. Integration of resolvers with IoT and cloud-based technologies can make condition monitoring easier for end-users.

Threats: Alternative angle sensors like encoders provide solutions with lower weight, small size and integrated data collection. Encoders pose a threat, especially in aviation industry where size and weight are critical factors. Decline in costs of encoders is another threat as they gain traction over bulky resolver sensors. Trade barriers and geo-political issues affect procurement of resolvers in some regions.

Key Takeaways
The Global Resolvers Market Demand is expected to witness high over the forecast period driven by increasing industrialization globally. 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.

Regional analysis: Asia Pacific region dominates the global resolvers market currently with a share of over 35% in 2023. China, Japan, India are major markets driving growth. Rapid industrialization, infrastructure development and focus on manufacturing make APAC an attractive market for resolver suppliers. North America and Europe are other sizable regions expected grow at a CAGR of around 5-6% during the forecast years led by aerospace, automotive and factory automation sectors.

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, Maxon Group, Bevone, Danaher Corporation, Kollmorgen, TE Connectivity, ALXION, Micronor, Elmo Motion Control, Electro-Sensors, Siko GmbH. The market is moderately concentrated with top players accounting for over 60% share. Partnerships for customizations, acquisitions for technology enhancements are common strategies followed.

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