Global Aerospace Bearings Market Comprehensive Study: Forecasted Market Size And Growth Rate

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2048

The Business Research Company offers in-depth market insights through Aerospace Bearings Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The aerospace bearings market size has grown rapidly in recent years. It will grow from $7.94 billion in 2023 to $8.86 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to aging aircraft fleet, rise in military budgets, regulatory changes, rise in space exploration initiatives, rise in focus on lightweight materials.

The aerospace bearings market size is expected to see rapid growth in the next few years. It will grow to $13.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to emerging markets growth, cybersecurity threats, infrastructure development, increasing demand for new aircraft, rising demand for uavs. Major trends in the forecast period include enhanced lubrication technologies, smart bearings, miniaturization, sustainable bearing solutions, condition monitoring.

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Market Segmentation:
The main types of bearings in aerospace bearings are plain bearing, roller bearing, ball bearing, and others. Plain bearings are employed in a variety of aerospace applications to improve fuel efficiency, increase maintenance intervals, and reduce carbon emissions. Installation in aircraft wing systems, flight controls, cockpit controls, and auxiliary power units are all considered in these systems. The various materials used are stainless steel, fiber-reinforced composites, engineered plastics, ceramics, and alloys that are used in different applications such as landing gear, cockpit control, aerostructure, aircraft systems, engine and APU systems, doors, aircraft interiors.

Major Driver - Green Aerospace Drive Fuels Growth In The Aerospace Bearings Market
The increasing focus on the green aerospace sector is significantly contributing to the growth of the aerospace bearings market. Green aerospace focuses on increasing aircraft fuel economy and developing new technologies and systems to achieve a global future of carbon-neutral air transportation. Major aerospace Bearing manufacturers are focused on developing fuel-efficient bearings to shift the market demand towards low emission products. For instance, in December 2022, according to the International Air Transport Association, a Canada-based trade association, the output of sustainable aviation fuel (SAF) is expand by 200% from 2021 to 300 million liters in 2022. It mainly relies on the use of hydrogen as a primary power source. Therefore, the focus on the green aerospace sector is expected to propel the growth of the aerospace bearings market going forward.

Competitive Landscape:
Major companies operating in the aerospace bearings market include AST Bearings LLC, EnPro Industries Inc., JTEKT Corporation, Kaman Corporation, New Hampshire Ball Bearings Inc., National Precision Bearing Group of Mechatronics Inc., RBC Bearings Incorporated, SKF Group, Schaeffler AG, NTN Corporation, The Timken Company, Pacamor Kubar Bearings (PKB), Regal Beloit Corporation, Schatz Bearing Corporation, HKT Bearings Limited, GGB Bearing Technology, NSK Ltd., THK CO. LTD., Aurora Bearing Company, Precision Bearing Co., SGL Bearings India Private Limited, Spherical Bearings Private Limited, The Barden Corporation., The General Bearing Corporation., The Torrington Company., TimkenSteel Corporation, Trelleborg Sealing Solutions, Wafangdian Bearing Co Ltd., Zhejiang Tianma Bearing Co Ltd., ZYS Bearing Co Ltd.

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Top Trend - Technological Advancements Reshaping The Aerospace Bearings Market
Technological advancement has emerged as a key trend gaining popularity in the aerospace bearings market. Major companies operating in the aerospace bearings sector are focused on developing new technological solutions to meet consumer demand. For instance, in January 2021, NSK Ltd., a Japan-based manufacturer of bearings developed a new machine tool bearing technology that reduces run-in time, makes spindle assembly easier, and also improves reliability. This technology reduces temperature rise under oil-air lubrication and improves cage strength. It is more durable and reliant.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aerospace Bearings Market Characteristics
3. Aerospace Bearings Market Trends And Strategies
4. Aerospace Bearings Market - Macro Economic Scenario
5. Aerospace Bearings Market Size And Growth
…..
27. Aerospace Bearings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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