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Bearings plays a very important role in the functioning of any machine. There are various types of bearings that are manufactured in the market for several applications. Moreover, aerospace bearings are customised bearings and are manufactured after special requirements. Aerospace Bearings provides flexibility, reduces friction and allows moving parts to work smoothly in machines.
These types of bearings are made to operate in critical situations and to provide optimum performance, especially in aircraft. Aerospace bearings are made up of high-quality material, i.e. steel with the mixture of tungsten and several other components, which provides high load capacity.
Aerospace bearings offer multiple advantages and profits to the end-user by decreasing the fuel consumption, reducing maintenance operations and providing mechatronic solutions. These features allow an aerospace bearing to work in extreme environments, which results in improved performances.
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Such types of bearings are used in major applications, such as in the engines which include main shafts and gearboxes. Furthermore, aerospace bearings also have an applications in the turbines, gearboxes, take-off shafts, accessories gearboxes, rotors and flying controls of a helicopter, spacecraft and aircraft. The continuous evolving technical demand for aerospace bearings is the primary factor that is driving the growth of the market.
Globally, the aerospace bearings market is growing significantly, owing to the increasing growth of the aerospace industry. Moreover, increasing usage of high-load capacity bearings in aircraft is the primary and most important factor that is driving the aerospace bearings market, across the globe.
Some of the major players in the aerospace bearings market include NTN Corporation, Kaman Corporation, NSK Ltd. Schaeffler Group, AST Bearings LLC, SKF Group, The Timken Company, RBC Bearings Inc., Enpro Industries, Inc., and Aurora Bearing Company.
North America is expected to hold the largest market share, owing to the presence of leading aircraft manufacturers in the U.S., such as Boeing and Airbus. Moreover, the rapid adoption of specialised bearings in aircraft manufacturing is also a primary factor that is driving the growth of the market in the region. Several key players are focusing on developing innovative and high-quality aerospace bearing in the U.S.
However, the Asia Pacific is expected to have relatively higher CAGR, owing to the increasing growth of infrastructure in countries, such as India, China and countries of South East Asia. The governments of China and India are focused on developing airport infrastructure, which will allow aircraft manufacturers to produce more new aircraft, across the region.
Therefore, the rapid growth of the aircraft industry will have a direct impact on the aerospace bearing market across the globe. Also, several manufacturers across the globe are working continuously on adopting high-quality aerospace bearings.
By Bearing Type
By End use
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