Aerospace Bearings Market Segmentation Application, Technology & Market Analysis Research Report To 2025
Aerospace Bearing Market valued will reach USD 11.2 billion
by 2025. The reports forecast the aerospace bearing market by type, material, application,
aircraft type and region. It highlights COVID-19 impact on the aerospace
bearing industry.
Description
Aerospace Bearing Market: by Type (Roller, Ball and Plain), by
Material (Stainless Steel, Fiber-reinforced Composites, Metal-backed, Engineered
Plastics and Aluminum Alloys), by Application (Landing Gear, Engine, Flight
Control System and Aerostructure), by Aircraft Type (Narrow Body Aircraft, Wide
Body Aircraft, Very Large Body Aircraft and Regional Jet) and by Region –
Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
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The aerospace bearing market report covers a thorough analysis of the market
dynamics, business models, segmental/regional analysis, and respective market
shares and strategies adopted by the key market players operating globally. It
entails an in-depth analysis of the factors influencing the global market and
market statistics indicating region wise and segment-wise market share/growth
analysis. The report's study will outlook one of the most exhaustive analyses
of the market, capturing all the aspects of aerospace bearing.
Aerospace Bearing Market Introduction
The aerospace bearing market size is valued at USD 6.1 billion in
2019 and is expected to register a CAGR of 6.9% during the forecast period
(2020-2025). Aerospace bearings are the bearings installed in an aircraft to
reduce the axial and radial loads in the rotating parts, which will increase
the fuel efficiency of the aircraft. Recently, aerospace bearing manufacturers
are focusing o developing IoT integrated lightweight bearings to diagnose easily
and safely. Plain bearing holds the largest share in term of volume in the
aerospace bearing market over the forecast period.
Factors Affecting the Aerospace Bearing Industry Over the
Forecast Period-
• Advancement in new technology and introduction
of artificial intelligence in the development and implementation of bearings
into the aircraft has increased efficiency and reduces the operational cost,
which is one of the driving forces in the aerospace bearing industry
• Rising demand for high-performance bearings has resulted in
the manufacturing of advanced sensor integrated bearings, which has led to
increased production of bearings to improve efficiency and statistics towards
market growth.
• Heavyweight aircraft tends to require a lot of maintenance,
which results in the growth of aftermarket
• Existing backlogs of aircraft deliveries may restrain the
growth of the aerospace bearing market.
• Irregularities and lack of coworkers in the manufacturing
units has led to a decrease in the production of bearing and impede the market
growth
Impact of COVID-19 on Aerospace Bearing Market:
The aerospace bearing market had a major impact on the coronavirus
COVID-19 outbreak. Due to the pandemic, the government and other local
authorities have imposed complete lockdown in severely affected areas, which
has disrupted any mode of transportation, which resulted in restricting
passengers from traveling. Due to such severe condition aerospace bearing
market were unable to manufacture bearings for the aircraft, which led to a
disturbance in demand and supply channels. On the other half of the pandemic,
the situation is less severe, and the market is expected to grow exponentially
in upcoming years.
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Aerospace
Bearing Market: Scope of the Report
The report outlines the global aerospace bearing market study
based only type, material, application, aircraft type.
Based on the type, the aerospace bearing market has been segmented
into –
• Roller
• Ball
• Plain
Based on the material, the aerospace bearing market has been
segmented into –
• Stainless Steel
• Fiber-reinforced Composites
• Metal-backed
• Engineered Plastics
• Aluminum Alloys
Based on the application, the aerospace bearing market has been
segmented into –
• Landing Gear
• Engine
• Flight Control System
• Aerostructure
Based on the aircraft type, the aerospace bearing market has been
segmented into –
• Narrow Body Aircraft
• Wide Body Aircraft
• Very Large Body Aircraft
• Regional Jet
Aerospace Bearing Market: Regional Outlook
Based on the region, the global Aerospace Bearing Market has been
segmented into five geographical regions, namely, North America, Asia Pacific,
Europe, South America, and the Middle East and Africa. In 2019, North America held
the largest share of the total global aerospace bearing market, followed by
Europe and Asia Pacific. Moreover, Asia Pacific is expected to project the
highest CAGR globally over the forecast period.
Key Global Aerospace Bearing Market Competitors Includes –
The global Aerospace Bearing Market is highly fragmented, with the
presence of a large number of small players across the globe. The key companies
operating in the global aerospace bearing market are
• National Precision Bearing
• SKF
• JTEKT
• RBC Bearing
• Aurora Bearing
• Pacamor Kubar Bearings
• Timken
• AST Bearings
• New Hampshire Ball Bearings
• NTN
• Kaman
• Rexnord
• Schaeffler
• NSK
• Regal Beloit
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