Resolvers Market is Expected to be Flourished by Increasing Demand from Aviation Industry
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Resolvers Market |
Resolvers are electromechanical transducers that are used for measuring
angular position. They are widely used in multiple industrial applications such
as industrial automation, robotics, aviation and marine where precise angular
position measurement is required. Resolvers converts angular position into
output voltages that can easily interface with electronic controls and
instruments. They are being increasingly used in aviation industry for various
flight control and navigation applications such as throttle position control,
rudder angle measurement, flap position indication and flight control surface
position measurement. Growing focus towards modernizing aging aircraft fleet as
well as increasing demand for new commercial and military aircraft across the
globe is creating strong growth opportunities for resolvers in aviation industry.
The global resolvers market is estimated to be valued at US$ 970 Mn in 2023 and
is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand for resolvers from aviation industry remains a key factor
driving the growth of the global resolvers market over the forecast period.
Rising demand for new commercial and military aircraft to replace aging fleets
across the globe is favoring the market growth. Furthermore, increasing focus
towards modernization of existing aircrafts through integration of advanced
flight control systems is also supporting the resolvers market. Growing
industrial automation and focus towards precision machinery is another factor
augmenting the demand for resolvers in industrial robotics and automation
sector. However, availability of alternative angle sensing technologies such as
encoders possess significant challenge for widespread adoption of resolvers.
Design complexities and difficulty in working with analog electronics also
hinder theresolvers market growth.
Segment Analysis
The resolvers market can be segmented into brushless, brush and brushless-brush
types. The brushless segment dominates the market and accounts for over 60%
share due to its reliability and ruggedness for industrial applications. It
requires no maintenance, has higher accuracy and lasts longer as there are no
brushes that wear out.
PEST Analysis
Political: Regulations around product safety and energy efficiency are
increasing globally. This is positively impacting the market for more advanced
and sustainable resolver technologies.
Economic: With the revival of the economy post-pandemic, investments are rising
in sectors like manufacturing, automotive, aviation which utilize resolver
feedback extensively. This is fueling market growth.
Social: Rising standards of living are increasing demand for technologically
advanced products across sectors. Customers expect resolver systems to be
highly precise and durable for a variety of applications.
Technological: Developments in resolver sensor design, materials and integrated
solutions are improving performance metrics like accuracy, noise immunity and
lifespan. Adoption of new technologies like integrated motor control solutions
and sensorless commutation is anticipated.
Key Takeaways
The Global
Resolvers Market Demand is expected to witness high growth over the
forecast period. North America dominates currently due to extensive motion
control needs in key industries and presence of major players. Asia Pacific is
projected to be the fastest growing region with China and India driving
aspirations in manufacturing and infrastructure development.
The brushless segment is dominated by key players like Moog Inc. and Honeywell
International Inc. due to their long standing expertise and portfolio of
technological advanced brushless resolver solutions utilized in critical
aerospace, automotive and factory automation applications.
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. These players are focused on new product
launches that integrate sensors with motor/motion control for smart industrial
solutions.
For more details on the report, Read- https://www.pressreleasebulletin.com/resolvers-market-growth-demand-and-overview/
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