Global Aerospace Bearings Market

Aerospace Bearings Market Size, Share, Growth Analysis, By Type(Plain Bearing (rod end bearing, journal bearing, spherical bearing), Roller Bearings (cylindrical), By Application(Engine & APU, Landing Gear Systems, Cockpit control, Aerostructure), By Material(Metal (stainless steel, aluminum alloys, Bi metal), Fiber reinforced composites), By Aircraft Type(Military aviation (fighter aircraft, transport aircraft, military helicopters, special mission aircraft)), By Sales Channel(OEM, Aftermarket), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20A2075 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 64 | Figures: 75

Aerospace Bearings Market Dynamics

Aerospace Bearings Market Drivers

Increasing demand for lightweight aircraft structures 

  • One significant driver of the global aerospace bearings market is the increasing demand for lightweight aircraft structures. With the aim of improving fuel efficiency and reducing emissions, aerospace manufacturers are focusing on developing lightweight aircraft designs. This has led to a surge in the demand for advanced aerospace bearings that offer reduced weight without compromising on performance and durability. Lightweight bearings not only contribute to overall weight reduction but also enhance aircraft manoeuvrability, leading to increased efficiency and cost savings for airlines. 

Aircraft engines' technological advancements will support the market's expansion 

  • There are a lot of bearings in an aviation engine. The Federal Aviation Administration (FAA) and other organizations have strict guidelines; therefore, engine makers are concentrating on creating lightweight, fuel-efficient engines. Manufacturers of aviation bearings will be compelled to create technologically sophisticated composite bearings for aircraft engines due to the increasing need for lightweight components and fuel-efficient engines. One step towards producing environmentally friendly systems and components is the three-concept zero-emission aircraft that leading aviation maker Airbus SAS proposed. 

Restraints 

Stringent regulations and standards imposed by regulatory authorities 

  • A key restraint in the global aerospace bearings market is the stringent regulations and standards imposed by regulatory authorities. The aerospace industry is subject to rigorous safety and quality requirements to ensure reliable and safe operations. Compliance with these regulations can pose challenges for bearing manufacturers in terms of design, manufacturing processes, and material selection. Meeting the stringent certification criteria adds complexity and increases the time and cost of developing and introducing new aerospace bearing solutions, thereby limiting market entry barriers and potential growth opportunities. 

Effect of forgeries 

  • The aerospace bearings sector is at risk due to counterfeiting, which can lead to financial losses, safety, and dependability. False bearings pose a threat to security and reliability, as they may not meet required certifications and quality standards. They also damage trust and brand reputation, as well as consumer confidence in legitimate manufacturers. Furthermore, counterfeit bearings can lead to financial losses for legitimate manufacturers, as they attract customers seeking cheaper options. The costs of identifying and thwarting counterfeiting further strain the finances of legitimate producers.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global aerospace bearings market size was valued at USD 12.40 Billion in 2022 and is poised to grow from USD 13.59 Billion in 2023 to USD 28.30 Billion by 2031, at a CAGR of 9.60% during the forecast period (2024-2031).  

The global aerospace bearings market is characterized by a mix of established and emerging players striving to gain a competitive edge. Companies in the market are focused on continuous product innovation, technological advancements, and strategic collaborations to expand their market presence. Additionally, there is a growing emphasis on research and development activities to develop high-performance bearings that meet the evolving requirements of the aerospace industry. The competitive landscape is driven by factors such as product quality, reliability, customer service, and the ability to offer customized solutions that cater to specific aerospace applications. 'SKF (Sweden)', 'Timken Company (US)', 'NTN Corporation (Japan)', 'Schaeffler AG (Germany)', 'RBC Bearings Incorporated (US)', 'NSK Ltd. (Japan)', 'JTEKT Corporation (Japan)', 'Aurora Bearing Company (US)', 'THK Co., Ltd. (Japan)', 'Nachi-Fujikoshi Corp. (Japan)', 'GGB Bearing Technology (US)', 'Wafangdian Bearing Group Corporation (China)', 'MinebeaMitsumi Inc. (Japan)', 'Regal Beloit Corporation (US)', 'NMB Technologies Corporation (US)', 'The Barden Corporation (US)', 'Kaman Corporation (US)', 'RKB Bearing Industries (Switzerland)', 'Federal-Mogul Corporation (US)', 'BAE Systems plc (UK)'

One key market trend in the global aerospace bearings market is the increasing adoption of additive manufacturing, also known as 3D printing, for bearing production. Additive manufacturing allows for the creation of complex geometries and intricate designs, offering greater design flexibility and customization options. This technology enables aerospace bearing manufacturers to produce lighter, more durable, and highly efficient bearings with improved performance characteristics. The use of additive manufacturing in bearing production also facilitates faster prototyping and reduces production lead times, contributing to overall cost savings and increased operational efficiency. 

North America is one of the dominating regions in the global aerospace bearings market. The region is home to some of the world's largest aerospace manufacturers, including Boeing and Lockheed Martin, which contribute significantly to the demand for aerospace bearings. The well-established aerospace industry in North America, coupled with the presence of numerous defense and commercial aviation companies, drives the market growth in the region. Additionally, the region's strong focus on technological advancements and research and development activities further boosts the demand for advanced aerospace bearings. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Aerospace Bearings Market

Report ID: SQMIG20A2075

$5,300
BUY NOW GET FREE SAMPLE