Resolvers Market Size, Share, Growth, and Industry Analysis, By Type (Brushless Resolvers & Brushed Resolvers), By Application (Aerospace & Defense, Medical, Automobile, Energy and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Resolvers Market REPORT OVERVIEW

• 
• Request a Free Sample to learn more about this report

The global resolvers market size was USD 910.2 million in 2021 and market is projected to touch USD 1471.9 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period.

An electrical transformer called a resolver is used to gauge rotational angle. Many resemble an electric motor, which has a rotor made of machined metal and copper windings on the stator. It is regarded as an analogue device, and digital devices like the digital resolver and rotary (or pulse) encoder are its digital equivalents. In order to induce voltage into each of the output windings, a resolver must first energies its input phase with an AC voltage (VAC). In proportion to the Sine and Cosine of the angle of mechanical rotation, its amplitude modulates the VAC input.

Polar coordinates to rectangular coordinates analogue conversion are very accurate. The polar angle is the shaft angle, and the magnitude is the excitation voltage. For highly accurate feedback on position, speed, and motor pole detection, use the brushless version. They are used with motors for machine tools and robots in steelworks due to their characteristics of resistance to harsh environments and other factors. The mechanical angle of the stator serves as the angular information in two-pole basic resolvers. These tools are capable of providing the exact angle position.

COVID-19 Impact: Industry Imbalance Causes Market Distortion

Manufacturers of semiconductors and electronics experienced issues as a result of the COVID-19 outbreak, including unstable markets, a decline in consumer confidence, and issues with import and export trade. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, labels, and other items has become challenging as a result of lockdowns. The markets for semiconductors were affected financially in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. To address this urgent situation, manufacturers of semiconductors and electronics are focusing on securing their staff, operational procedures, and supply chains. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall industry. This has partially impacted the resolvers market.

LATEST TRENDS

"Angle Position Indicator to Boost the Market Growth "

In the modern world, resolvers play a significant role in applications for position and motion sensing, which is acting as a current trend in the market. Ships collect a vast amount of data, including roll angle, engine data, pitch angle, heading, longitude, latitude, and speed, all of which can be interfaced into a single controlling point or digitizing node. Resolver offers some kind of straightforward and essential interface between the pilot and navigational equipment, which is boosting the market as a whole. By using API, the necessary resolver alignment can be accomplished (Angle Position Indicator). By measuring the phase connections of the stator voltages, the angle position indicator shows the angle of the shaft in digital format. Thus, it is anticipated that the angle position indicator will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Resolvers Market SEGMENTATION

• 
• Request a Free Sample to learn more about this report

• By Types 

Based on type, the market is classified into Brushless Resolvers & Brushed Resolvers.

• By Application

Based on application, the market is categorized into Aerospace & Defense, Medical, Automobile, Energy and Others.

DRIVING FACTORS

"Aerospace Industry Gives the Market Extra Boost "

Resolvers are the primary factor driving increased market sales because they offer precise position and velocity feedback as well as communication in precision equipment used in the aerospace industry without the structural or temperature limitations imposed by other electronic feedback devices. Additionally, they can withstand the high levels of shock and vibration that are frequently used in aerospace and defense applications. It has long been used primarily in industrial applications as an electrical motor feedback sensor, but it is also well suited for certain aviation applications. The aerospace industry was able to create this special product with half the usual number of coils thanks to the market. This resolved the reliability issue and made the system significantly safer. As a result, the growth, and the increasing demand of product in aerospace industry will boost the market. It will contribute to the expansion of the semiconductor and electronics industry and it will improve the overall resolvers market growth.

"Product Demand in Medical Field to Accelerate Market Growth "

For many operations, Resolver offers supply chain management solutions. The ability of the company to use its product to locate information about specific locations and visualize relationships between incident types, particular products, and involved parties to assist customers in identifying areas of high risk is driving up demand for the entire market. By promptly alerting clients to risks, it also stops incidents from developing into investigations. Facility owners can quickly respond to problems thanks to the software's functionality for alarm management, computer-aided dispatch, and incident reporting. The advancement of the product is helping the market to grow.

RESTRAINING FACTORS

"High Cost of Product to Impede the Market Growth "

The main issue preventing the market's expansion is how expensive the product is. The product's bulkiness is another important factor contributing to the market's decline. To run the product, it also needed high maintenance and skillful specification and implementation. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Resolvers Market REGIONAL INSIGHTS

• 
• Request a Free Sample to learn more about this report

"North America Dominating the Market Across the Globe"

The market for resolvers in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The aerospace & defense, medical, automotive, and energy industries rising product demand is the primary factor boosting resolvers market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.

List of Market Players Profiled

• Woodward (U.S.)
• Fortive (U.S.)
• Honeywell (U.S.)
• Moog (U.S.)
• General Dynamics (U.S.)

REPORT COVERAGE

The research goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including current and potential market leaders. A sizable market expansion is anticipated as a result of a number of important factors. The research also examines factors that may increase the resolvers market share in order to provide market insights. The report makes forecasts for market expansion over the anticipated time period. The objective of the regional research is to explain why one region dominates the global market. A number of properly taken into account factors prevent the industry from growing. The research also includes a strategic analysis of the market. It includes thorough market information.