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Technological advancement in bearing and the shock absorber has significantly impacted several industries such as automation and aerospace. These industries have a greater preference for the performance of the equipment with precise accuracy in modern machinery. Therefore, the demand for high-quality friction-free components such as air bearing is fuelling the market growth around the world. The air bearings are extensively used in the applications which require friction-free support in high-speed and automated machinery. The smooth and friction resistance benefits are driving the use of advanced technologies such as shock absorber and vibration mitigation. Which has resulted in innovations in air bearings, vibration-dampers, shock absorbers, and other devices.
Air bearings are technologically advanced fluid bearings which are using a thin film of pressurized gas to provide minimal friction. The load-bearing component interfaces between connected surfaces of equipment. Air bearings are majorly used in numerous machinery used in key industries such as aviation, automotive, semiconductor, wastewater management, space, and medical industry.
Increasing the demand for air bearings in the aviation industry is expected to drive the market growth in future years. Moreover, ongoing developments across the globe by the major players are focused to improve the efficiency of air bearings for the greater performance likely to boost the market growth. The development is also focused on low-cost air bearings solutions in the automotive industry and projected to offer lucrative opportunities to the market players. However, the high installation cost is affecting the market growth.
By type, the market segmented into aerodynamic bearings and aerostatic bearings. Based on the speed capacity, the market segmented into >60000 rpm, <1000 rpm, and 1000 – 60000 rpm. Based on the application, the market categorized into high-speed machines, coordinate measuring machines, precision material tools, and others. Based on end-user, the market is segmented into aviation, wastewater management, medical, automotive, semiconductor, and others. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Key Market Driver -
High Demand of Air Bearings in Aviation Industry to Fuel Market Rising Adoption of Nanotechnology and Ongoing Developments to Improve the Efficiency of Air Bearings
Key Market Restraint -
High Installation Cost Hampers the Market Growth
Major key players that are present in the air bearings market are Air Bearings Ltd. (The U.K.), APG-Neuros (Canada), Bladon Jets (The U.K.), Capstone Turbine Corporation (The U.S.), Honeywell International Inc. (The U.S.), and Hovair Systems Inc. (The U.S.).
Other vendors operating in the market include IBS Precision Engineering (The Netherlands),LAB Motion Systems (Belgium), Leuven Air Bearings NV (Belgium), Nelson Air Corp(The U.S.), OAV Air Bearings (The U.S.), PI Nelson Air Corp (The U.S.), Seagull Solutions Inc. (The U.S.), SKF (Sweden), Specialty Components Inc. (The U.S.), and among others.
The air bearings market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America is projected to gain maximum share in the market during the forecast period. This growth is attributed to the presence of key players, which include Capstone Turbine Corporation, Honeywell International Inc., Hovair Systems Inc., OAV Air Bearings, PI Nelson Air Corp, and among others.
The Asia Pacific is estimated to capture a key share of the air bearings market during the forecast period. The growth attributed to the massive consumption of semiconductor majorly in the smartphone industry. China is a global hub of industrial manufacturing anticipated to provides several opportunities for air bearings market. Furthermore, the increasing demand for air bearings in the automotive industry is propelling the market growth.
Europe has projected to exhibit significant growth in the market due to a strong presence of key players such as Air Bearings Ltd., Bladon Jets, and IBS Precision Engineering. In Europe, the rising adoption of air bearings in the industrial sector is projected to boost market growth in the future years. The Rest of the World will register significant growth during the forecast period. This growth is attributed to the growing demand for air bearings in South America and Middle East & Africa.
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