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Global Aerospace and Defense Telemetry Market: Skyrocketing Growth, Expected Market Size, and Key Trends for 2025-2029
"Updated 2025 Market Reports Released: Trends, Forecasts to 2034 - Early Purchase Your Competitive Edge Today!Fuelled by Rising Military Budgets, Emerging Markets Growth and Aerospace Innovations
What Is The Projected Market Size Of The Global Aerospace Bearings Market And Its Growth Rate?
• Historically, the aerospace bearings market size grew rapidly to $9.66 billion in 2025 from $8.68 billion in 2024 at a CAGR of 11.3%.
• Factors propelling this growth included rise in military budgets, regulatory changes, increase in space exploration initiatives, and a focus on lightweight materials.
• The future of the aerospace bearings market seems promising and is expected to grow to $14.62 billion by 2029 with a CAGR of 10.9%.
• The growth in the forecast period can be attributed to emerging markets growth, cybersecurity threats, infrastructure development, increasing demand for new aircraft, and rising demand for UAVs.
What Is Driving The Growth In The Aerospace Bearings Market?
Development in the green aerospace sector is significantly contributing to the growth of the aerospace bearings market. Green aerospace aims toward increasing fuel economy and developing technologies to achieve carbon-neutral air transportation. Major aerospace Bearing manufacturers are focusing on producing fuel-efficient bearings to meet the market demand for low emission products. For instance, the International Air Transport Association reported that the output of sustainable aviation fuel (SAF) is expected to expand by 200% from 2021 to 300 million liters by 2022. Mainly, this growth depends on the use of hydrogen as a primary power source. This focus on the green aerospace sector is projected to boost the growth of the aerospace bearings market going forward.
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Who Are the Key Players Driving Aerospace Bearings Market Growth?
Key players 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, and many others.
What Are The Key Trends In The Aerospace Bearings Market?
Trends emerging in the aerospace bearings market include:
• Enhanced lubrication technologies
• Development of smart bearing
• Miniaturization of bearing units
• Creation of sustainable bearing solutions
• Condition monitoring.
What Are The Segments Of The Global Aerospace Bearings Market?
Segments in the global aerospace bearings market include:
1) Bearing Types - Plain Bearing, Roller Bearing, Ball Bearing, Others
2) Material - Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy
3) Application - Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine And APU Systems, Doors, Aircraft Interiors
Which Region Leads The Aerospace Bearings Market?
North America was the largest region in the aerospace bearings market in 2024. North America is expected to be the fastest-growing region in the aerospace bearings market share during the forecast period. The regions in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aerospace Bearings Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace Bearings Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Bearings Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Bearings Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Bearings Market .
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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