​The resolvers market comprises of rotary transformers that are used to determine the position or rotational angle of a mechanical device like a shaft or rotor. Resolvers find widespread use in avionics applications such as flight control and hydraulic instruments. They help navigate airplanes by providing vital flight parameters like airplane attitude, altitude, and airspeed. With the increasing demand for new aircraft in light of rising global air passenger traffic, the market for resolvers is expected to grow at an exponential pace.

Global resolvers market is estimated to be valued at US$ 1117.44 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.

Key Takeaways

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. Moog Inc. and Honeywell International Inc. account for over 35% of the global resolvers market share.

The growing demand for new aircraft from airlines due to increasing passenger air traffic is expected to propel the resolvers market during the forecast period. The commercial aviation industry is recovering strongly post covid and airlines are adding more aircraft to their fleet.

Technological advancements in Resolvers Market Size design have improved reliability, accuracy and durability. New space-saving and lightweight resolvers with higher resolution are being developed to meet the stringent performance requirements of modern avionics.

Market Trends

Advent of sensorless control - Modern motor control techniques like sensorless control eliminate the need for position sensors like resolvers. This trend poses a threat to the resolvers market.

Demand for integrated resolver solutions - Manufacturers are developing integrated resolver solutions with advanced features. Moog's integrated resolver module combines a resolver with integrated electronics. This reduces installation time and costs.

Market Opportunities

Military modernization programs - Ongoing military aircraft modernization programs across nations provide opportunities for growth of resolvers used in avionics of fighter jets and helicopters.

Demand in non-aviation applications - Resolvers also find increasing usage in industrial motion control, robotics, factory automation etc. This non-aviation segment will drive future growth.

Impact of COVID-19 on Resolvers Market growth

The COVID-19 pandemic has significantly impacted the growth of the resolvers market. During pre-COVID times, the Resolvers Market Size and Trends was growing steadily at a CAGR of 7.2% driven by increasing applications across various industries such as factory automation, robotics, heavy machinery, aerospace among others. However, the outbreak of the pandemic resulted in lockdowns and supply chain disruptions globally which adversely affected the market in 2020.

The shutdown of manufacturing facilities and disrupted supply chains led to reduced demand for resolvers from end use industries during the initial months of the pandemic. This impacted the revenues and growth of resolvers market players globally. Various regional markets which were major consumption centers saw declined shipments and revenues in 2020. However, with resumption of operations and restarting of projects from second half of 2020, the demand is recovering steadily even though full recovery to pre-COVID levels is expected to take longer time.

The pandemic has also changed the future strategies of major players in the resolvers market. Companies are now focusing more on developing smart and intelligent resolvers with advanced features to increase their viability across diverse sectors undergoing digital transformation. They are also expanding their supply chain and distribution networks globally to ensure continuity of supplies. Overall, though COVID-19 imposed short term challenges, the resolvers market is expected to rebound backed by increased investments in factory automation and robotics post pandemic to drive efficiencies.

Geographical regions with major concentration of Resolvers market value

In terms of value, the resolvers market is highly concentrated in North America and Europe. Both these regions together accounted for around 60% of the global market revenue in 2024. This is attributed to strong presence of major resolver manufacturers and end use industries like manufacturing, oil & gas, energy in countries like United States, Canada, Germany, United Kingdom and France.

Within North America, United States holds the leading position as the largest resolver market globally with revenues of over US$ 500 Mn in 2024. Heavy investments in factory automation, robotics projects and initiatives like Industry 4.0 have kept the demand robust in the country. Similarly, within Europe, Germany dominates the market due to strong machinery and automotive manufacturing base. Overall, developed markets will continue driving the maximum revenues for resolvers market players.

Fastest growing geographical region for Resolvers market

The Asia Pacific region is poised to be the fastest growing market for resolvers globally during the forecast period of 2024 to 2031. The region is projected to witness a CAGR of over 8% during this time frame. This rapid growth is attributed to rising industrialization, increasing investments in renewable energy sector and growing adoption of smart automation technologies across countries like China, India, Japan and South Korea.

China stands out as the single largest contributor to APAC's growth owing to huge manufacturing scale and low cost of operations. Various policy initiatives by Chinese government to develop domestic manufacturing coupled with 'Make in China 2025' strategy will further propel the demand from resolvers industry. Similarly, manufacturing powerhouses like India are also attracting significant foreign investments which is augmenting the resolver's adoption. Overall, APAC offers enormous opportunities for long term growth plans of global resolver manufacturers.

Get More Insights on- Resolvers Market

About Author:
​
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)