logo
logo
Sign in

The Global Resolvers Market Growth Accelerated By Adoption Of Advanced Technologies

avatar
Dhanesha Patil
The Global Resolvers Market Growth Accelerated By Adoption Of Advanced Technologies

Resolvers are electromechanical transducers that convert angular displacement or rotational motion into two variable sine and cosine voltage signals. They find widespread applications in several motor drive and motion control systems owing to their ability to accurately measure angular position. The demand for advanced position sensing devices with enhanced precision and capabilities is driving the adoption of resolvers in robotics, factory automation, aerospace, defense, healthcare and other industries.

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 key trends:

The adoption of industrial internet of things (IIoT) and advancement in resolver technologies are the major trends propelling the growth of the resolvers market. Resolvers integrated with IIoT capabilities allow remote monitoring of machinery position and offer connectivity for predictive maintenance. Leading resolver manufacturers are focusing on developing highly accurate and robust resolvers for use in harsh operating environments. For instance, Tamagawa Seiki recently launched industry-grade resolvers suitable for applications requiring IP67/IP68 protection from dust, water and corrosion. Miniaturization of resolver components is another ongoing trend to enable their integration in compact machines and implants. Ongoing R&D towardsresolver architectures compatible with alternative excitation methods such as field oriented control is also expanding their application scope. However, emergence of alternate position sensing technologies may limit the demand growth of conventional resolvers.


Segment Analysis

The global resolvers market is dominated by the automotive sub-segment. Driven by the rising adoption of electric vehicles globally, the demand for resolver-based electric vehicle control systems from automotive OEMs has increased substantially in recent years. Resolvers find widespread usage in electric power steering, battery management systems, motor control, and infotainment systems in electric vehicles. This has propelled the automotive sub-segment to dominate the overall resolvers market.


Key Takeaways

The Global Resolvers Market Share 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: The resolvers market in Asia Pacific region is expected to witness the fastest growth during the forecast period. This can be attributed to large-scale manufacturing activities for automotive and industrial equipment in China, Japan, and South Korea. Additionally, growing investments towards development of indigenous electric vehicle manufacturing clusters in several APAC countries will boost the adoption of resolvers in the automotive industry.


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. Among these, Moog Inc., Honeywell International Inc., AMETEK Inc., and TE Connectivity collectively account for over 50% of the global resolvers market share owing to their extensive product portfolios and widespread geographical presence.


Get more insights on this topic: https://www.trendingwebwire.com/resolvers-market-size-and-share-analysis-growth-trends-and-forecasts-2023-2030/

collect
0
avatar
Dhanesha Patil
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more