Aerospace Bearings Market on Track for Strong Growth, Estimated to Grow at 10.9% CAGR Through 2029

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What Is the Expected CAGR for the Aerospace Bearings Market Through 2025?
The expansion of the aerospace bearings market has been rapid in the past few years. Its size is anticipated to surge from $8.68 billion in 2024 to $9.66 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.3%. The significant growth during the historic period can be linked to reasons such as the aging of aircraft fleets, an increase in military budgets, regulatory alterations, a boost in initiatives for space exploration, and enhanced focus on lightweight materials.

What's the Projected Size of the Global Aerospace Bearings Market by 2029?
The market size for aerospace bearings is anticipated to experience a fast-paced expansion in the next several years. The market is projected to reach a value of $14.62 billion by 2029, with a compound annual growth rate (CAGR) of 10.9%. Factors contributing to the growth during the forecast period include the expansion of emerging markets, threats from cybersecurity, development of infrastructure, a growing demand for new aircraft, and an increasing demand for UAVs. Prominent trends expected during the forecast period comprise advancements in lubrication technologies, smart bearings, miniaturization, sustainable bearing solutions, and condition monitoring.

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Top Growth Drivers in the Aerospace Bearings Industry: What's Accelerating the Market?
The growth of the aerospace bearings market is being significantly propelled by the growing emphasis on the green aerospace sector. This sector's primary focus is on advancing aircraft fuel efficiency and inventing novel technologies and systems to pave the way for a future of carbon-free aviation worldwide. Leading aerospace bearing manufacturers are concentrating their efforts on creating fuel-efficient bearings to dynamically shift market demand toward products that emit lower emissions. For instance, as per the International Air Transport Association, a trade association based in Canada, the production of sustainable aviation fuel (SAF) is projected to grow by 200% from 2021, reaching 300 million liters in 2022. This growth is largely dependent on the utilization of hydrogen as a core power source. Consequently, the emphasis on the green aerospace sector is anticipated to drive the aerospace bearings market's growth in the future.

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What Trends Will Shape the Aerospace Bearings Market Through 2029 and Beyond?
Leading corporations in the aerospace bearings market are concentrating their efforts on creating novel solutions like turbine generator bearings to improve the effectiveness and dependability of aerospace applications. Turbine Generator Bearings are specialized bearings constructed to sustain the revolving elements of turbine generators, crucial in numerous aerospace and industrial uses. As an illustration, NSK Ltd., a firm based out of Japan, unveiled a new gas turbine generator bearing in April 2024, tailored specifically for electric vertical take-off and landing (eVTOL) aircraft, inclusive of large drones. This revolutionary bearing possesses a unique lubrication system that dramatically downsizes the necessary lubricant provision by around 80%, aiding in extending eVTOL flight ranges. The bearing manages to perform high-speed revolutions surpassing 2.5 million dmn, and at the same time, cuts down power wastage by nearly 30% in comparison to traditional jet lubrication systems. The design facilitates lighter oil supply scavenge pumps and lubricant reservoirs, further boosting the efficiency of eVTOL operations.

What Are the Main Segments in the Aerospace Bearings Market?
The aerospace bearings market covered in this report is segmented -

1) By Bearing Type: Plain Bearing, Roller Bearing, Ball Bearing, Others
2) By Material: Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy
3) By Application: Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine And APU Systems, Doors, Aircraft Interiors

Subsegments:
1) By Plain Bearing: Solid Plain Bearings, Sleeve Bearings, Journal Bearings, Thrust Bearings
2) By Roller Bearing: Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Needle Roller Bearings
3) By Ball Bearing: Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearings
4) By Others: Magnetic Bearings, Fluid Bearings, Composite Bearings, Special-purpose Bearings

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Which Top Companies are Driving Growth in the Aerospace Bearings Market?
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.

Which Regions Will Dominate the Aerospace Bearings Market Through 2029?
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 covered in the aerospace bearings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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