What is Global Resolvers Market?
The Global Resolvers Market is a vast and dynamic field that encompasses a wide range of products and services. Resolvers are electromechanical devices that can measure the position and velocity of a rotating object, such as a motor or a robot arm. They are used in a variety of industries, from automotive to aerospace, and are critical components in many modern technologies. The market for these devices is global in scope, with manufacturers and consumers spread across every continent. Despite the complexity and diversity of this market, it can be understood in simple terms. At its core, the Global Resolvers Market is about meeting the demand for accurate, reliable, and cost-effective position and velocity measurement solutions.
Brushless Resolver, Brushed Resolver in the Global Resolvers Market:
Brushless and Brushed Resolvers are two of the most common types of resolvers in the Global Resolvers Market. Brushless Resolvers are known for their durability and longevity, as they do not have any brushes that can wear out over time. They are often used in high-stress environments where reliability is paramount. On the other hand, Brushed Resolvers are typically cheaper and easier to manufacture, making them a popular choice for lower-cost applications. Both types of resolvers have their own strengths and weaknesses, and the choice between them often depends on the specific needs of the application.
Automobile, Industrial Machinery & Equipment, Aerospace & Defense, Others in the Global Resolvers Market:
The Global Resolvers Market finds its applications in a variety of sectors. In the automobile industry, resolvers are used in electric power steering systems, engine control units, and anti-lock braking systems. In the industrial machinery and equipment sector, they are used in CNC machines, robotics, and automation systems. In the aerospace and defense sector, resolvers are used in flight control systems, missile guidance systems, and satellite positioning systems. Other applications include medical equipment, renewable energy systems, and consumer electronics. Each of these sectors has its own unique requirements and challenges, and the Global Resolvers Market is constantly evolving to meet these needs.
Global Resolvers Market Outlook:
The Global Resolvers Market is a thriving and growing market. In 2022, the market was valued at US$ 910.2 million and is expected to reach US$ 1278.8 million by 2029. This represents a compound annual growth rate (CAGR) of 4.8% during the forecast period of 2023-2029. The market is dominated by the top three manufacturers, who collectively hold a market share of about 20%. Europe is the largest market for resolvers, accounting for about 38% of the total market share, followed by North America with a share of about 22%. In terms of product types, brushless resolvers are the most popular, accounting for over 95% of the market share.
| Report Metric | Details |
| Report Name | Resolvers Market |
| Accounted market size in 2023 | US$ 869.2 million |
| Forecasted market size in 2029 | US$ 2409.2 million |
| CAGR | 18.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Tamagawa Seiki Co., Ltd., Hengstler GmbH (Fortive Corporation), Shanghai Yingshuang Electric Machinery Co., Ltd., MinebeaMitsumi Inc., Moog, Inc., LTN Servotechnik GmbH, Ametek, Inc., TE Connectivity, Woodward, Inc., Honeywell, General Dynamics Corporation, Maxon Motor AG, Beijing Victory Electric Co., Ltd., Changzhou Huaxuan Sensing Technology Co., Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
