Resolvers are electromechanical transducers that are used to precisely sense the angular position of electric motors, or other rotating machine components, and transmit the position information to external systems in the form of an electrical signal. They find widespread applications in industrial automation and motion control systems where exact position feedback is required. Resolvers are commonly used to sense the position of electric motors used in robotics, CNC machines, conveyor systems, and other automated industrial machinery.

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:
Increasing demand from industrial automation applications is one of the major drivers for the growth of the resolvers market. Resolvers are extensively used in motion control and feedback systems in automated industrial equipment and robots used for assembly, packaging, material handling, and other automated manufacturing processes. The growing automation and robotics sector globally is fueling the demand for industrial motion control systems integrated with precise position sensing components like resolvers. Moreover, the advantages of resolvers like high accuracy, ruggedness, and stability also contribute to their increasing adoption in industrial automation. However, the emergence of alternative position sensing technologies like encoders may hamper theresolvers market growth during the forecast period.

SWOT Analysis

Strength: Resolvers are capable of providing highly precise angular position feedback in challenging industrial environments like manufacturing. Their rugged and compact design makes them suitable for industrial automation applications requiring accurate motion control and feedback. Resolvers provide infinite resolution and are immune to dirt, dust or moisture.

Weakness: Resolvers have moving parts inside which increases the chances of wear and tear over time. They also require additional external circuitry like decoderrs or signal conditioners for conversion of resolver signals into usable position information. This increases the overall solution cost.

Opportunity: Growing adoption of automation across industries for productivity enhancement is driving the use of precision motion control components like resolvers. Their use in advanced manufacturing technologies involving robotics, CNC machines, 3D printing etc offers significant opportunities. Emerging sectors like renewable energy, aerospace and electric vehicles will further boost resolver demand.

Threats: Open loop motor feedback technologies providing lower-cost alternatives can pose a potential threat. Changing industrial trends toward sensorless motions control solutions using advanced software also reduces dependence on traditional feedback devices like resolvers. Trade conflicts impacting availability of critical components is another challenge.

Key Takeaways

Global Resolvers Market Size is expected to witness high growth over the forecast period supported by increasing industrial automation. 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.

Regionally, North America and Europe dominate currently due to large automotive and machinery manufacturing sectors in countries like U.S., Germany and Italy. Growing adoption of industrial robots and advanced precision manufacturing technologies across industries is driving resolver demand positively in these mature markets. Asia Pacific is anticipated to be the fastest growing regional market led by China, India and other developing Asian countries experiencing rapid industrialization and infrastructure development. Government initiatives promoting 'Made in China 2025' and 'Make in India' are contributing significantly to the growth of resolver market in Asia Pacific through expansion of domestic manufacturing capabilities.

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. Precision and accuracy are the major differentiating factors among resolver manufacturers. Continuous product innovations to achieve miniaturization, ruggedness and cost reductions will be crucial forresolver suppliers to gain market share in future. Key players are focusing on collaborations with machinery OEMs and system integrators to optimize product offerings for emerging industrial automation equipment and solutions.

 

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