HOME Top Market Reports Aerospace Bearings Market by Type (Roller, Ball), Application (Landing Gear, Engine, Flight Control System, Aerostructure), Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics), Aircraft Type, and Region - Global Forecast to 2022

Aerospace Bearings Market by Type (Roller, Ball), Application (Landing Gear, Engine, Flight Control System, Aerostructure), Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics), Aircraft Type, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: AS 5164

 

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The aerospace bearings market was valued at USD 7.88 Billion in 2016 and is projected to reach USD 11.19 Billion by 2022, at a CAGR of 6.01% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2022.

Objectives of the Study:

Objectives of this study are to analyze the aerospace bearings market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the aerospace bearings market on the basis of type (roller, ball, and others), material (stainless steel, fiber-reinforced composites, metal-backed, aluminum alloys, engineered plastics, and others), application (engine, landing gear, flight control system, aerostructure, and others), and aircraft type (wide body aircraft, narrow body aircraft, very large aircraft, regional transport aircraft, business jet, fighter jet, helicopter, and others). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia–Pacific, and the Rest of the World.

The report provides in-depth market intelligence regarding market dynamics and major factors influencing the growth of the aerospace bearings market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the aerospace bearings market.

The report also covers competitive developments such as partnerships, joint ventures, mergers, new product launches and developments, and research & development activities in the aerospace bearings market, in addition to business and corporate strategies adopted by the key market players.

Research Methodology:

The research methodology used to estimate and forecast the aerospace bearings market begins with obtaining key data on aerospace bearings equipment statistics through secondary sources, such as government sources and organizations, for instance, Airports Council International, Market outlook (Boeing, Airbus and Bombardier), International Air Transport Association, Civil Aviation Authority, World Bank database, and corporate filings, for instance, annual reports, investor presentations, and financial statements, and trade, business, and professional associations, among others. The bottom-up approach has been employed to arrive at the overall size of the aerospace bearings market from the revenues of the key players and their shares in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with market experts such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the aerospace bearings market engineering process, and arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of primaries is depicted in the below figure:

Aerospace Bearings Market

To know about the assumptions considered for the study, download the pdf brochure

The aerospace bearings market comprises product developers and manufacturers such as TE Connectivity (Switzerland), Carlisle Companies Inc. (U.S.), Eaton Corporation (Ireland), Esterline Corporation (U.S.), and Bel Fuse Inc. (U.S.), among others. These companies offer advanced technological systems, products, and services.

Target Audience

  • Aviation Bearings Manufacturers
  • Aviation Bearings Wholesalers, Retailers, and Distributors
  • Aircraft Manufacturers
  • Subcomponent Manufacturers
  • Raw Material Suppliers
  • Airline Operators
  • Regulatory Bodies

 “This study answers several questions for the stakeholders, primarily which market segments they should focus on during the next two to five years to prioritize their efforts and investments.”

Scope of the Report

This research report categorizes the aerospace bearings market into the following segments and subsegments:

  • By Type
    • Roller
    • Ball
    • Others
  • By Material
    • Stainless Steel
    • Fiber-reinforced Composites
    • Metal-backed
    • Engineered Plastics
    • Aluminum Alloys
    • Others
  • By Application
    • Landing Gear
    • Engine
    • Flight Control System
    • Aerostructure
    • Others
  • By Aircraft Type
    • Narrow Body Aircraft
    • Wide Body Aircraft
    • Regional Transport Aircraft
    • Very Large Aircraft
    • Business Jet
    • Fighter Jet
    • Helicopter
    • Others
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

Available Customizations:

Along with market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:

  • Market Segment, by Aircraft Type
    • By Subsegment
  • Market Segment, by Application
    • Country-wise break-up

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Years Considered for the Study
    1.5 Currency & Pricing
    1.6 Limitations
    1.7 Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Introduction
    2.2 Research Data
           2.2.1 Secondary Data
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Breakdown of Primaries
    2.3 Factor Analysis
           2.3.1 Introduction
           2.3.2 Demand-Side Indicators
                    2.3.2.1 Demand for High Speed and Reliable Bearings
           2.3.3 Supply-Side Indicators
                    2.3.3.1 Increase in R&D Investments
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights  (Page No. - 36)

    4.1 Attractive Market Opportunities in the Aerospace Bearings Market
    4.2 Aerospace Bearings Market, By Region
    4.3 Aerospace Bearings Market, By Application
    4.4 Aerospace Bearings Market, By Type
    4.5 Aerospace Bearings Market, By Material
    4.6 Aerospace Bearings Market, By Aircraft Type

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Aerospace Bearings Market, By Type
           5.2.2 Aerospace Bearings Market, By Material
           5.2.3 Aerospace Bearings Market, By Application
           5.2.4 Aerospace Bearings Market, By Aircraft Type
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in the Number of Aircraft Deliveries
                    5.3.1.2 Upgradation of Aircraft to Reduce Operating Cost
           5.3.2 Restraints
                    5.3.2.1 Existing Backlogs of Aircraft Deliveries
                    5.3.2.2 Rising Raw Material Cost, and High R&D Investments
           5.3.3 Opportunities
                    5.3.3.1 Growing Use of Fiber-Composite and Thermoplastic Bearings
           5.3.4 Challenges
                    5.3.4.1 Delay in Obtaining Quality Accreditations

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Technology Trends
           6.2.1 Silver Plated Bearings Cage
           6.2.2 Ceramic Bearings
           6.2.3 Full Complement Bearings
           6.2.4 Sub-Micron Coatings
           6.2.5 Polymer Coated Bearings
           6.2.6 Engineered Plastic Bearings
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
                    6.3.1.1 Increased Competition at Every Stage
                    6.3.1.2 Vast Array of Aviation Applications
                    6.3.1.3 Research and Development
                    6.3.1.4 Increased Merger and Acquisition Activities
           6.3.2 Bargaining Power of Buyers
                    6.3.2.1 Lower Buyer to Supplier Ratio
                    6.3.2.2 High Technological Expertise of the Buyer
           6.3.3 Bargaining Power of Suppliers
                    6.3.3.1 Large Number of Suppliers in the Market
                    6.3.3.2 Low Product Differentiation
           6.3.4 Threat of New Entrants
                    6.3.4.1 Quality Standards Set By Governments
                    6.3.4.2 Capital Intensive Industry
           6.3.5 Threat of Substitutes
                    6.3.5.1 Less Number of Substitutes
    6.4 Supply Chain
           6.4.1 Raw Material Suppliers
           6.4.2 Prominent Companies
           6.4.3 Small and Medium Enterprises
           6.4.4 End Users (Aircraft Manufacturers, Airline Companies, and Mro Companies)
    6.5 Key Influencers
    6.6 Mapping of Bearing Type /Application /Price /Manufacturer
    6.7 Patents

7 Aerospace Bearings Market, By Type (Page No. - 62)
    7.1 Introduction
    7.2 Roller
           7.2.1 Cylindrical Roller Bearings
           7.2.2 Tapered Roller Bearings
           7.2.3 Needle Roller Bearings
           7.2.4 Self-Aligning Roller Bearings
    7.3 Ball Bearings
    7.4 Others

8 Aerospace Bearings Market, By Application (Page No. - 67)
    8.1 Introduction
    8.2 Landing Gear
    8.3 Engine
    8.4 Flight Control System
    8.5 Aerostructure
    8.6 Others

9 Aerospace Bearings Market, By Material (Page No. - 73)
    9.1 Introduction
    9.2 Stainless Steel
    9.3 Fiber-Reinforced Composites
    9.4 Engineered Plastics
    9.5 Aluminum Alloys
    9.6 Metal Backed
    9.7 Others

10 Aerospace Bearings Market, By Aircraft Type (Page No. - 80)
     10.1 Introduction
     10.2 Narrow Body Aircraft
     10.3 Wide Body Aircraft
     10.4 Very Large Aircraft
     10.5 Regional Transport Aircraft
     10.6 Fighter Jet
     10.7 Business Jet
     10.8 Helicopter
     10.9 Others

11 Regional Analysis (Page No. - 88)
     11.1 Introduction
     11.2 North America
             11.2.1 By Country
             11.2.2 By Application
             11.2.3 By Type
             11.2.4 By Material
             11.2.5 By Aircraft Type
             11.2.6 U.S.
                        11.2.6.1 By Type
             11.2.7 Canada
                        11.2.7.1 By Type
     11.3 Europe
             11.3.1 By Country
             11.3.2 By Application
             11.3.3 By Type
             11.3.4 By Material
             11.3.5 By Aircraft Type
             11.3.6 U.K.
                        11.3.6.1 By Type
             11.3.7 France
                        11.3.7.1 By Type
             11.3.8 Germany
                        11.3.8.1 By Type
             11.3.9 Italy
                        11.3.9.1 By Type
             11.3.10 Rest of Europe
                        11.3.10.1 By Type
     11.4 Asia-Pacific
             11.4.1 By Country
             11.4.2 By Application
             11.4.3 By Type
             11.4.4 By Material
             11.4.5 By Aircraft Type
             11.4.6 Russia
                        11.4.6.1 By Type
             11.4.7 Japan
                        11.4.7.1 By Type
             11.4.8 China
                        11.4.8.1 By Type
             11.4.9 India
                        11.4.9.1 By Type
             11.4.10 Rest of APAC
                        11.4.10.1 By Type
     11.5 Rest of the World (RoW)
             11.5.1 By Region
             11.5.2 By Application
             11.5.3 By Type
             11.5.4 By Material
             11.5.5 By Aircraft Type
             11.5.6 Latin America
                        11.5.6.1 By Type
             11.5.7 Middle East
             11.5.8 Africa

12 Competitive Landscape (Page No. - 115)
     12.1 Introduction
             12.1.1 Vanguards
             12.1.2 Innovators
             12.1.3 Dynamic
             12.1.4 Emerging
     12.2 Overview
     12.3 Products and Capabilities
     12.4 Business Strategy

13 Company Profiles (Page No. - 119)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Enpro Industries, Inc. (GGB Bearings Technology)
     13.2 National Precision Bearing
     13.3 SKF Group
     13.4 JTEKT Corporation
     13.5 RBC Bearings Inc.
     13.6 Aurora Bearing Company
     13.7 Pacamor Kubar Bearings
     13.8 The Timken Company
     13.9 AST Bearings LLC
     13.10 New Hampshire Ball Bearings, Inc.
     13.11 NTN Corporation
     13.12 Kaman Corporation
     13.13 Rexnord Corporation
     13.14 Schaeffler Group
     13.15 NSK Ltd.
     13.16 Regal Beloit Corporation

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

14 Appendix (Page No. - 165)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (65 Tables)

Table 1 Comparative Mapping of Technological Trends and Bearing Properties
Table 2 List of Raw Material Suppliers
Table 3 Top Manufacturers of Aerospace Bearings
Table 4 List of Top Aircraft Manufacturers
Table 5 Top Aircraft Mro Service Provider Companies
Table 6 Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 7 Roller Segment, By Region, 2014-2022 (USD Million)
Table 8 Ball Segment, By Region, 2014-2022 (USD Million)
Table 9 Others Segment, By Region, 2014-2022 (USD Million)
Table 10 Aerospace Bearings Market, By Application, 2014-2022 (USD Million)
Table 11 Landing Gear Segment, By Region, 2014-2022 (USD Million)
Table 12 Engine Segment, By Region, 2014-2022 (USD Million)
Table 13 Flight Control System Segment, By Region, 2014-2022 (USD Million)
Table 14 Aerostructure Segment, By Region, 2014-2022 (USD Million)
Table 15 Others Segment, By Region, 2014-2022 (USD Million)
Table 16 Aerospace Bearings Market, By Material, 2014-2022 (USD Million)
Table 17 Stainless Steel Segment, By Region, 2014-2022 (USD Million)
Table 18 Fiber Reinforced Composite Segment, By Region, 2014-2022 (USD Million)
Table 19 Engineered Plastics Segment, By Region, 2014-2022 (USD Million)
Table 20 Aluminum Alloys Segment, By Region, 2014-2022 (USD Million)
Table 21 Metal Backed Segment, By Region, 2014-2022 (USD Million)
Table 22 Others Segment, By Region, 2014-2022 (USD Million)
Table 23 Aerospace Bearings Market Size, By Aircraft Type, 2014-2022 (USD Million)
Table 24 Narrow Body Aircraft Segment, By Region, 2014-2022 (USD Million)
Table 25 Wide Body Aircraft Segment, By Region, 2014-2022 (USD Million)
Table 26 Very Large Aircraft Segment, By Region, 2014-2022 (USD Million)
Table 27 Regional Transport Aircraft Segment, By Region, 2014-2022 (USD Million)
Table 28 Fighter Jet Segment, By Region, 2014-2022 (USD Million)
Table 29 Business Jet Segment, By Region, 2014-2022 (USD Million)
Table 30 Helicopter Segment, By Region, 2014-2022 (USD Million)
Table 31 Others Segment, By Region, 2014-2022 (USD Million)
Table 32 Aerospace Bearings Market Size, By Region, 2014-2022 (USD Million)
Table 33 North America Aerospace Bearings Market Size, By Country, 2014-2022 (USD Million)
Table 34 North America Aerospace Bearings Market Size, By Application, 2014-2022 (USD Million)
Table 35 North America Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 36 North America Aerospace Bearings Market Size, By Material, 2014-2022 (USD Million)
Table 37 North America Aerospace Bearings Market Size, By Aircraft Type, 2014-2022 (USD Million)
Table 38 U.S. Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 39 Canada Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 40 Europe Aerospace Bearings Market Size, By Country, 2014-2022 (USD Million)
Table 41 Europe Aerospace Bearings Market Size, By Application, 2014-2022 (USD Million)
Table 42 Europe Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 43 Europe Aerospace Bearings Market Size, By Material, 2014-2022 (USD Million)
Table 44 Europe Aerospace Bearings Market Size, By Aircraft Type, 2014-2022 (USD Million)
Table 45 U.K. Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 46 France Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 47 Germany Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 48 Italy Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 49 Rest of Europe Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 50 Asia-Pacific Aerospace Bearings Market Size, By Country, 2014-2022 (USD Million)
Table 51 Asia-Pacific Aerospace Bearings Market Size, By Application, 2014-2022 (USD Million)
Table 52 Asia-Pacific Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 53 Asia-Pacific Aerospace Bearings Market Size, By Material, 2014-2022 (USD Million)
Table 54 Asia-Pacific Aerospace Bearings Market Size, By Aircraft Type, 2014-2022 (USD Million)
Table 55 Russia Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 56 Japan Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 57 China Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 58 India Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 59 Rest of APAC Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 60 Rest of the World Aerospace Bearings Market Size, By Region, 2014-2022 (USD Million)
Table 61 Rest of the World Aerospace Bearings Market Size, By Application, 2014-2022 (USD Million)
Table 62 Rest of the World Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)
Table 63 Rest of the World Aerospace Bearings Market Size, By Material, 2014-2022 (USD Million)
Table 64 Rest of the World Aerospace Bearings Market Size, By Aircraft Type, 2014-2022 (USD Million)
Table 65 Latin America Aerospace Bearings Market Size, By Type, 2014-2022 (USD Million)


List of Figures (79 Figures)

Figure 1 Aerospace Bearings Market: Markets Covered
Figure 2 Research Process Flow
Figure 3 Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Aerospace Bearings Market, By Type, 2016 & 2022 (USD Billion)
Figure 9 Aerospace Bearings Market, By Material, 2016 & 2022 (USD Billion)
Figure 10 Aerospace Bearings Market, By Application, 2016 & 2022 (USD Billion)
Figure 11 Aerospace Bearings Market, By Aircraft Type, 2016 & 2022 (USD Billion)
Figure 12 Aerospace Bearings Market in Asia-Pacific Region is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 New Product Launches Was the Key Growth Strategy Adopted By the Major Players in the Aerospace Bearings Market Between 2013 and 2017
Figure 14 Increasing Number of Aircraft Deliveries and Modernization of Aircrafts are Driving the Aerospace Bearings Market in the Forecast Period.
Figure 15 Aerospace Bearings Market in Asia-Pacific Expected to Witness Highest Growth During the Forecast Period
Figure 16 The Engine Segment Led the Aerospace Bearings Market in 2016
Figure 17 The Roller Segment Projected to Lead the Aerospace Bearings Market During the Forecast Period
Figure 18 Stainless Steel Segment Led the Aerospace Bearings Market in 2016
Figure 19 The Narrow Body Aircraft Segment Led the Aerospace Bearings Market in 2016
Figure 20 Aerospace Bearings Market Segmentation
Figure 21 Aerospace Bearings Market Segmentation, By Type
Figure 22 Aerospace Bearings Market Segmentation, By Material
Figure 23 Aerospace Bearings Market: Market Dynamics
Figure 24 Aircraft Deliveries Between 2005 and 2015
Figure 25 Order Backlogs of Aircraft Manufacturers (Airbus & Boeing)
Figure 26 Bargaining Power of Buyers Expected to Have A High Impact on the Aerospace Bearings Market
Figure 27 Supply Chain: Direct Distribution is Preferred Strategy of Prominent Aerospace Bearing Manufacturers
Figure 28 Roller Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 29 Flight Control System Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Fiber-Reinforced Composite Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Aerospace Bearings Market, By Aircraft Type, 2016 & 2022 (USD Million)
Figure 32 Aerospace Bearings Market Snapshot
Figure 33 North America Aerospace Bearings Market Snapshot
Figure 34 Europe Aerospace Bearings Market Snapshot
Figure 35 Asia-Pacific Aerospace Bearings Market Snapshot
Figure 36 Dive Chart
Figure 37 Enpro Industries: Company Snapshot
Figure 38 GGB Bearing Technology: Product Offering Scorecard
Figure 39 GGB Bearing Technology: Business Strategy Scorecard
Figure 40 National Precision Bearing: Product Offering Scorecard
Figure 41 National Precision Bearing: Business Strategy Scorecard
Figure 42 SKF Group: Company Snapshot
Figure 43 SKF Group: Product Offering Scorecard
Figure 44 SKF Group: Business Strategy Scorecard
Figure 45 JTEKT Corporation: Company Snapshot
Figure 46 JTEKT Corporation: Product Offering Scorecard
Figure 47 JTEKT Corporation: Business Strategy Scorecard
Figure 48 RBC Bearings Inc.: Company Snapshot
Figure 49 RBC Bearings Inc.: Product Offering Scorecard
Figure 50 RBC Bearings Inc.: Business Strategy Scorecard
Figure 51 Aurora Bearing Company: Product Offering Scorecard
Figure 52 Aurora Bearing Company: Business Strategy Scorecard
Figure 53 Pacamor Kubar Bearings: Product Offering Scorecard
Figure 54 Pacamor Kubar Bearings: Business Strategy Scorecard
Figure 55 The Timken Company: Company Snapshot
Figure 56 The Timken Company: Product Offering Scorecard
Figure 57 The Timken Company: Business Strategy Scorecard
Figure 58 AST Bearings LLC: Product Offering Scorecard
Figure 59 AST Bearings LLC: Business Strategy Scorecard
Figure 60 New Hampshire Ball Bearings, Inc.: Product Offering Scorecard
Figure 61 New Hampshire Ball Bearings Inc.: Business Strategy Scorecard
Figure 62 NTN Corporation: Company Snapshot
Figure 63 NTN Corporation: Product Offering Scorecard
Figure 64 NTN Corporation: Business Strategy Scorecard
Figure 65 Kaman Corporation: Company Snapshot
Figure 66 Kaman Corporation: Product Offering Scorecard
Figure 67 Kaman Corporation: Business Strategy Scorecard
Figure 68 Rexnord Corporation: Company Snapshot
Figure 69 Rexnord Corporation: Product Offering Scorecard
Figure 70 Rexnord Corporation: Business Strategy Scorecard
Figure 71 Schaeffler Group: Company Snapshot
Figure 72 Schaeffler Group: Product Offering Scorecard
Figure 73 Schaeffler Group: Business Strategy Scorecard
Figure 74 NSK Ltd.: Company Snapshot
Figure 75 NSK Ltd.: Product Offering Scorecard
Figure 76 NSK Ltd.: Business Strategy Scorecard
Figure 77 Regal Beloit Corporation: Company Snapshot
Figure 78 Regal Beloit Corporation: Product Offering Scorecard
Figure 79 Regal Beloit Corporation: Business Strategy Scorecard

The aerospace bearings market is projected to grow from USD 7.88 Billion in 2016 to USD 11.19 Billion by 2022, at a CAGR of 6.01% during the forecast period. Factors such as increase in aircraft orders and deliveries across the globe, and upgradation of aircraft to reduce operational cost are the major growth factors for the aerospace bearings market. The market has been segmented on the basis of type, material, application, aircraft type, and region.

Based on type, the aerospace bearings market has been segmented into roller, ball, and others. The roller segment accounted for the largest share of the aerospace bearings market in 2016, owing to the application of roller bearings in maximum parts of aircraft and positive demand outlook for aircraft in the future.

Based on material, the aerospace bearings market has been segmented into stainless steel, fiber-reinforced composites, aluminum alloys, engineered plastics, metal-backed, and others. The fiber-reinforced composites segment is anticipated to witness higher growth due to the increasing demand for bearings that can support high static and dynamic loads, and are suitable for corrosive seawater and acidic environments.

Based on application, the aerospace bearings market has been segmented into engine, landing gear, flight control system, aerostructure, and others. The flight control system segment is anticipated to grow at the highest CAGR during the forecast period. Increase in aircraft orders and deliveries across the globe are the major growth factors for the aerospace bearings market. The market is also driven by the need for modern flight control systems. Increasing concerns over flight safety and advanced navigation systems are expected to lead to an increased demand for aerospace bearings in this segment.

Based on aircraft type, the aerospace bearings market has been segmented into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, business jet, fighter jet, helicopter, and others. The wide body aircraft segment is anticipated to witness higher growth due to increase in air passenger traffic across the globe, which is leading to an increase in demand for wide body aircraft with high seating capacity. Hence, this is expected to lead to growth of the aerospace bearings market for wide body aircraft.

Aerospace Bearings Market

The geographical analysis of the aerospace bearings market includes regions such as North America, Europe, Asia-Pacific, and RoW. The Asia-Pacific aerospace bearings market is anticipated to grow at a significant CAGR from 2016 to 2022, owing to factors such as increasing air passenger traffic and companies venturing into aircraft manufacturing in the region.

Existing backlogs of aircraft deliveries may restrain the growth of the aerospace bearings market. Products offered by various companies operating in the aerospace bearings market have been listed in this report. Recent developments and contracts include essential products developed and contracts undertaken by various companies. Major players in the aerospace bearings market are GGB Bearings Technology (U.S.), National Precision Bearings (U.S.), SKF Group (Sweden), JTEKT Corporation (Japan), and RBC Bearings Inc. (U.S.), among others.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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