Aerospace Bearings To Function In Challenging Environments

Latest market study on “Aerospace Bearings Market " – Global Analysis and Forecast”, the Aerospace Bearings Market is projected to witness a significant growth attributed the rising demand for aerospace bearings by both commercial as well as defense aviation sectors, high growth in the deliveries of aircraft, and advancements in technologies that has resulted in need for high performance aerospace bearings to function in challenging environments.

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Aerospace Bearings market by type is segmented into rollers, balls, and others. Also, the market is segmented on the basis of material into fiber-reinforced composites, stainless steel, aluminum alloys, engineered plastics, metal-backed, and others. Further, by application, the global Aerospace Bearings market is segmented into landing gear, engine, flight control system, aero structure, and others. Based on aircraft type, the global market is divided into wide body aircraft, narrow body aircraft, regional transport aircraft, business jet, very large aircraft, fighter jet, helicopter, and others. Owing to self-lubricating and greater load carrying capacity, the demand for fiber-reinforced composites is experiencing a high growth as it results in enhanced reliability of bearings in harsh environments.

The North America region is currently dominating the market for Aerospace Bearings owing to the considerable investments in research & development by the OEMs as well as component manufacturers of advanced aerospace bearings in the region. However, the Asia-Pacific region is expected to notice a significant growth in its aerospace bearings market in the near future. This expected growth in the Asia-Pacific region is attributed to increasing deliveries of aircrafts in the developing economies of the region due to high increase in the air passenger traffic.

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High investments in research & development as well as constantly rising cost of raw materials are hindering the Aerospace Bearings market growth. Some of the major players operating in the global Aerospace Bearings market include SKF Group, The Timken Company, GGB Bearings Technology, JTEKT Corporation and RBC Bearings Inc. among others.

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