The Aerospace Bearings Market is segmented by Bearing Type (Ball Bearing [Angular Contact Ball Bearing and Deep Groove Ball Bearing], Roller Bearing [Tapered Roller Bearing, Spherical Roller Bearing, Cylindrical Roller Bearing, and Others], and Plain Bearing), Material Type (Metallic Bearings, Non-Metallic Bearings, and Hybrid Bearings), Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, and UAV), Application Type (Engine Transmission, Flight Control System, Landing Gear, Airframe, Auxiliary System, EOTS, and Others), End-User Type (OE and Aftermarket), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Market Dynamics
Growing demand for air travel: With the growth of the aviation industry, there is an increasing demand for aerospace bearings. Bearings are an essential component of aircraft engines, landing gear, and other systems, and the increasing number of aircraft in service is driving the demand for aerospace bearings.
Rising defense spending: Governments around the world are increasing their defense spending to modernize their military equipment and systems. This is leading to an increased demand for aerospace bearings in military aircraft, helicopters, and other defense applications.
Technological advancements: Advancements in materials science and manufacturing technology are leading to the development of high-performance aerospace bearings that are lighter, stronger, and more durable than ever before. This is driving demand for new and improved bearings to replace older, less efficient designs.
Segment Analysis
Application Trends
The market is segmented as engine transmission, flight control system, landing gear, airframe, auxiliary system, EOTS, and others. Engine Transmission is projected to be the leading segment of the market during the forecast period. As engines and airplanes get lighter, faster, and more fuel-efficient, the operating temperature of engines continues to rise, creating a demand for high-temperature-resistant bearings (rated to operate close to 900 or more degrees Fahrenheit continually). EOTS segment is gaining traction in the market given the rising popularity of the electro-optical targeting system (EOTS) in aerial warfare.
Regional Analysis
North America is expected to remain the largest market over the next five years. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, and raw material suppliers. Most of the bearing suppliers have their presence in the region to address the demand from OEMs tirelessly. Asia-Pacific is likely to mark the fastest recovery during the study period, owing to the growing volume of aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs in China; global migration of MRO markets from west to east due to lower cost; and upcoming aircraft programs such C919.
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