RESOLVERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Resolvers Market, By Type (Brushless Resolvers, Brushed Resolvers, and Others), By Axis Type (1-Axis, 2-Axis, 3-Axis, and Others), By End-use Industry (Aerospace & Defense, Automotive, Industrial, and Others), By Output (Digital, Analog, and Others), By Component (Stator, Rotor, Converter, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Resolvers Market Regional Insights

Asia Pacific is expected to be the largest market for resolvers during the forecast period, which accounted for over 41.2% of the market share in 2023. The growth of the market in Asia Pacific is attributed to the rapidly expanding defense, aerospace, automotive, and automation industries in emerging economies such as China and India.
The North America market is expected to be the second-largest market for resolvers, which accounted for over 22.3% of the market share in 2023. The growth of the market in North America is attributed to increasing research and development activities and investments in the defense and aerospace sectors.
The Europe market is expected to be the fastest-growing market for resolvers, growing at a CAGR of over 7.8% during the forecast period. The growth of the market in Europe is attributed to the growing adoption of Industry 4.0 and automation technologies across industrial sectors.

Figure 1. Global Resolvers Market Share (%), by Region, 2023

Resolvers Market Report Snapshots