According to the report by Expert Market Research (EMR), the Global Aerospace Bearings Market Size is projected to grow at a CAGR of 8.4% between 2023 and 2028. Aided by the increasing need for high-performance and lightweight bearings in the aerospace industry, along with the growing applications of speciality bearings in various aviation equipment, the market is expected to grow significantly by 2028.
Aerospace bearings are specialised components used in various parts of an aircraft, including engines, landing gear, and interiors, to reduce friction between moving parts and support loads. These bearings are designed to endure extreme operating conditions such as high speed, temperature variations, and heavy loads, making them essential for the overall performance and safety of the aircraft.
The escalating need for high-performance and lightweight components in the aerospace sector is a major factor driving the global aerospace bearings market growth. With advancements in aviation technology, there is an increasing demand for bearings that can deliver higher speeds, loads, and reliability while reducing weight and size. This has led to the growing popularity of specialty bearings, such as roller, ball, and plain bearings, designed specifically for aerospace applications.
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The ongoing trend of fleet modernisation and expansion in the aviation industry further contributes to the aerospace bearings market development. With the growing passenger traffic and the need for fuel-efficient aircraft, airlines worldwide are investing in newer and advanced aircraft, leading to a surge in demand for aerospace bearings.
The expanding applications of aerospace bearings across the industry significantly fuel the aerospace bearings market expansion. In jet engines, these bearings are used to support high-speed rotors and manage thermal expansion. On the other hand, in landing gear systems, they facilitate smooth and controlled movement of the landing gears during take-off, flight, and landing.
Moving forward, the global aerospace bearings market is set for substantial growth, facilitated by continuous advancements in bearing materials and technologies. The emerging use of advanced materials, such as ceramics and special alloys, in bearing manufacturing allows the production of more durable, lightweight, and heat-resistant bearings, enhancing the overall performance of aerospace components.
Moreover, the development of smart bearings with integrated sensors for real-time monitoring of performance parameters provides a promising avenue for the aerospace bearings market growth. These smart bearings enable preventive maintenance, improving aircraft safety and reducing operational costs.
Market Segmentation
The market can be divided based on bearing type, aircraft type, material, application, and region.
Market Breakup by Bearing Type
- Roller Bearing
- Plain Bearing
- Ball Bearing
- Others
Market Breakup by Aircraft Type
- Rotorcraft
- Fixed Wing
- Others
Market Breakup by Material
- Metal Polymer and Engineered Plastic
- Metal
- Fibre Reinforced Composites
- Ceramics
Market Breakup by Application
- Military Aviation
- Unmanned Aerial Vehicle
- Commercial Aviation
- Business and General Aviation
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global aerospace bearings companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- AB SKF
- JTEKT Corporation
- Schaeffler Technologies AG & Co. KG
- The Timken Company
- RBC Bearings Incorporated
- NSK Ltd
- Others
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