Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1200 Million | USD 2500 Million | 7.5% | 2024 |
FrequentlyAsked Questions
A resolver is a type of electrical transformer that can measure how far something has turned. It is an analog device, and there are digital versions, such as the digital resolver and the rotary (or pulse) encoder.
The resolvers market is being driven by several factors, such as the rising adoption of electric vehicles (EVs) and hybrid vehicles, the growth of industrial automation and robotics, increasing demand in aerospace and defense, and the expansion of renewable energy installations.
The high initial cost and complex manufacturing pose a significant challenge to the resolver industry's growth.
Based on the technology, the digital resolver segment is expected to dominate the resolvers market growth during the projected period.
The increasing product innovation and rising demand in aerospace and defense pose a major impact factor for the resolvers industry's growth over the projected period.
According to the report, the global resolvers market size was worth around USD 1,200 million in 2024 and is predicted to grow to around USD 2,500 million by 2034.
The global resolvers market is expected to grow at a CAGR of 7.5% during the forecast period.
The global resolvers industry growth is expected to be driven by the North America region. It is currently the world’s highest revenue-generating market due to the presence of major players and increasing investment in the aerospace and defense industry.
The global resolvers market is dominated by players like TE Connectivity, Rockwell Automation, Renishaw, Honeywell International, HEIDENHAIN, Copal Electronics, Dynapar, Kuebler Group, POSITAL Fraba, Hengstler GmbH, SICK AG, AMETEK Factory Automation, BEI Sensors, Tamagawa Seiki, and Nidec-Avtron Automation, among others.
The Resolvers market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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