Aerospace Bearings Market

Aerospace Bearings Market

Growth Factors of Aerospace Bearings Market

The Aerospace Bearings market size was valued at USD 12 billion in 2023, and the market is now projected to grow from USD 13.01 billion in 2024 to USD 21.73 billion by 2032, exhibiting a CAGR of 6.62% during the forecast period of 2024-2032.

The wide impact of the COVID-19 widespread on the spacecraft market has been much affirmative. The request for add up to mechanical flying machine conveyances debilitated due to a lull in discuss activity in different regions of the world. The Airbus SAS commencing, 863 commercial airplane was conveyed by the company in 2019. In any case, 566 commercial aircraft were conveyed in 2020, with 7,184 orders in 2020. Hence, the flare-up of the COVID-19 widespread contrarily influenced the arranged conveyances in 2020. An excess of conveyances and bulk orders moderated the request for air ship frameworks and components such as heading and propellers in the years 2020 and 2021.

Bearing producers, such as TriStar Plastics Enterprise and other key players are inclining toward polymer orientation for airplane applications rather than stainless steel or other materials. Polymer has key highlights, such as high load-bearing capacity, performing viably without lubrication, strong, and lesser upkeep. These operational highlights empower the use of composite bearing within the tilt, lift, and pivot points within the controlling, wings, and fuselages within the aircrafts. These progressions will impel the development amid the estimate period of this advertise.

Meanwhile, in a long span of time, a rise within the demand for lightweight helicopters for different commercial and military applications was witnessed in the report. The rise in emergency air medical administrations is one of the major reasons for the development of the advertise. As expressed by the Association of Air Medical Services (AAMS), over 560,000 patients within the U.S. utilize discuss therapeutic administrations per year. In addition, the rising lightweight combat helicopters for border reconnaissance and transporting military troops will lead and incline the aerospace bearings market growth.

Comprehensive Analysis Of Aerospace Bearings Market

On the bifurcation of platform, the market is isolated into fixed-wing, rotary-wing and UAVs. The fixed-wing portion is expected to be the biggest portion in 2023 due to the expanding demand for commercial airplane within the upcoming years. On the sorting of product, the market is classified into plain, roller and ball heading beside roller screws, and ball screws. The ball bearing and roller bearing portions play a crucial part in exchanging the vitality from one shaft to another shaft with lesser contact and lesser loss of the net control yield. On the basis of material, the market is separated into stainless steel, fiber-reinforced composites, designed plastics, aluminum alloys, and metal-backed. On the basis of application further, the market is separated into engine, aero-structure, landing gear, and others. The engine comprises of roller heading and these help in giving the specified transmission in the frame of thrust to the engine.

The North American aerospace bearings market share is estimated to stand out at USD 4.67 billion in 2023 and is expected to be the leading region of the market due to the nearness of a few aeronautical bearing suppliers and the accessibility of progressed machining offices within the region. AST Bearings, Aurora Bearings, GGB Bearings Innovation, National Accuracy Bearings, Beaver Aviation & Defense, Inc., and New Hampshire Ball Bearings are a few of the major players within the U.S.

The top players in the market are Beaver Aerospace & Defense, Inc. (U.S.), JTEKT (Japan), AST Bearings (U.S.), GGB Bearings Technology (U.S.), Kaman Specialty Bearings (Germany), National Precision Bearings (U.S.), New Hampshire Ball Bearings (U.S.), August Steinmeyer GmbH & Co. KG (Germany), Aurora Bearings (U.S.), UMBRAGROUP (Italy) and the Thomson Industries, Inc. (India) which comprises of the total profitable stake of the aerospace bearings in the global market collectively with their unique attributes and effortless innovations.

Within the month of January 2021, Auburn Bearing & Fabricating Inc. procured the resources of Aurotek TSB Inc. Aurotek TSB specializes within the generation of exactness thin-section heading for a huge extend of businesses. These are utilized in a assortment of applications, such as defense weapon frameworks, aviation direction frameworks, and defense frameworks.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 6.62% from 2024 to 2032

Segmentation By Platform

- Fixed-Wing

• Commercial Aircraft

 Narrow Body

 Wide Body

 Regional Transport Aircraft

• Business Jet

 Light Jet

 Med-Size Jet

 Large-Size Jet

• General Aviation Aircraft

 Turboprop Aircraft

 Piston Engine Aircraft

• Military Aircraft

 Transport Aircraft

 Fighter Jet and Combat Aircraft

 Special Mission Aircraft

- Rotary-Wing

• Civil Helicopters

 Light Helicopters

 Medium-Size Helicopters

 Heavy Helicopters

• Military Helicopters

 Light Helicopters

 Medium-Size Helicopters

 Heavy Helicopters

- Unmanned Aerial Vehicle (UAV)

By Material

- Stainless Steel

- Fiber Reinforced Composites

- Engineered Plastics

- Aluminum Alloys

- Metal Backed

By Application

- Engine

- Aero-structure

- Landing Gear

- Others

By Product Type

- Plain Bearings

- Roller Bearings

- Ball Bearings

- Roller Screws

- Ball Screws

By Geography

- North America (Platform; Product Type; Application, Material, and Country)

- The U.S. (By Platform)

- Canada (By Platform)

- Europe (Platform; Product Type; Application, Material, and Country)

- The U.K. (By Platform)

- Germany (By Platform)

- France (By Platform)

- Italy (By Platform)

- Russia (By Platform)

- Rest of Europe (By Platform)

- Asia-Pacific (Platform; Product Type; Application, Material, and Country)

- China (By Platform)

- India (By Platform)

- Japan (By Platform)

- Rest of Asia-Pacific (By Platform)

- Rest of the World (Platform; Product Type; Application, Material, and Sub-Region)

- South America (By Platform)

- The Middle East & Africa (By Platform)


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