Aerospace Bearings Market Expected to Soar to $14.62 billion by 2029 Propelled by Green Aerospace Focus and Emerging Markets
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What is the Growth Trajectory for the Global Aerospace Bearings Market?
The aerospace bearings market size has grown significantly in recent years, rising from $8.68 billion in 2024 to an anticipated $9.66 billion in 2025 with a compound annual growth rate (CAGR) of 11.3%. This growth in the historic period is largely attributable to factors such as the aging aircraft fleet, increased military budgets, regulatory changes, heightened focus on space exploration initiatives, and the rising emphasis on lightweight materials.
In the coming years, the aerospace bearings market size is poised for substantial growth, set to reach $14.62 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. This forecasted growth is attributed to the emerging markets’ growth, cybersecurity threats, infrastructure development, increasing demand for new aircraft, and rising demand for Unmanned Aerial Vehicles (UAVs). Major trends shaping this period include enhanced lubrication technologies, smart bearings, miniaturization, sustainable bearing solutions, and condition monitoring.
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What is Fueling the Growth in the Aerospace Bearings Market?
A major growth driver for the aerospace bearings market is the burgeoning focus on the green aerospace sector. This sector is geared towards increasing aircraft fuel economy and developing innovative technologies and systems to achieve a future of carbon-neutral air transportation. Leading aerospace bearing manufacturers are honing in on producing fuel-efficient bearings to meet the market demand for low emission products. For instance, as reported by the International Air Transport Association in December 2022, the output of sustainable aviation fuel (SAF) is predicted to expand by 200% from 2021 to 300 million liters in 2022, heavily leaning on the use of hydrogen as a primary power source.
What are the Primary Segments in the Aerospace Bearings Market?
1) By Bearing Type: Plain Bearing, Roller Bearing, Ball Bearing, Others
2) By Material: Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy
3) By Application: Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine and APU Systems, Doors, Aircraft Interiors
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Who are the Leading Players in the Aerospace Bearings Market?
Prominent companies operating in the aerospace bearings market include AST Bearings LLC, EnPro Industries Inc., JTEKT Corporation, Kaman Corporation, New Hampshire Ball Bearings Inc., National Precision Bearing Group of Mechatronics Inc., RBC Bearings Incorporated, SKF Group, Schaeffler AG, NTN Corporation, The Timken Company, Pacamor Kubar Bearings (PKB), Regal Beloit Corporation, Schatz Bearing Corporation, HKT Bearings Limited, GGB Bearing Technology, NSK Ltd., THK CO. LTD., Aurora Bearing Company, Precision Bearing Co., SGL Bearings India Private Limited, Spherical Bearings Private Limited, The Barden Corporation., The General Bearing Corporation., The Torrington Company., TimkenSteel Corporation, Trelleborg Sealing Solutions, Wafangdian Bearing Co Ltd., Zhejiang Tianma Bearing Co Ltd., ZYS Bearing Co Ltd.
What are the Major Trends in the Aerospace Bearings Market?
Significant players in the aerospace bearings market are focusing their efforts on developing cutting-edge solutions such as turbine generator bearings to boost the efficiency and reliability of aerospace applications. For example, in April 2024, NSK Ltd., a Japan-based manufacturer, unveiled a new gas turbine generator bearing specifically designed for electric vertical take-off and landing (eVTOL) aircraft, including large drones. This revolutionary bearing significantly reduces the required lubricant supply, contributing to longer flight ranges for eVTOLs.
Which Region is the Fastest Growing in the Aerospace Bearings Market?
North America held the crown as the largest region in the aerospace bearings market in 2024. The forecast also predicts that North America will retain this title as the fastest-growing region during the forecast period. Other regions covered in the aerospace bearings market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Aerospace Bearings Market Report 2025 Offer?
Aerospace bearings are aerospace components utilized to reduce load and friction between moving or rotating parts in an aircraft. They are critical in facilitating the movement of seats, doors, and other components of engine management systems and flight control systems without failure. The Aerospace Bearings Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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