Market Trends of Aerospace Bearing Industry
This section covers the major market trends shaping the Aerospace Bearing Market according to our research experts:
Ball Bearings Segment is Expected to Witness Significant Growth During the Forecast Period
The Ball Bearing segment is expected to witness significant growth during the forecast period. Ball bearing types are used extensively throughout aircraft airframe and engine design. Aerospace ball bearings are the most versatile, well-studied/engineered, and manufactured of the bearing types. The growth in this segment can be attributed to various features of ball bearings, such as low-friction and high-durability bearings, which are much more suitable in the aviation sector. Aerospace ball bearings are used in multiple applications such as air circulation systems, electronic engine-powered control units, fuel supply, air conditioning, satellite switching elements, navigation tools, cargo, supply stations, antennae and sun protector systems, pressure regulating systems, and measuring and controlling systems.
Aerospace deep groove ball bearings are usually charged with a pre-determined fill of military specification grease suitable for the application and environment in which the bearing operates. The aeroshell range of greases is generally considered the unofficial industry standard, with many grades and types delivering extremely wide temperature tolerances and high levels of stability when subjected to external contamination, such as water condensation, anti-icing fluid, etc. The amount or fill of grease given to each bearing is again application dependant. In the present scenario, companies such as GRW are engaged in providing aerospace ball bearings that fit all safety and quality regulations in the aviation and defense market. Thus, these developments will likely lead to growth in the market during the forecast period.
North America is Expected to Witness Significant Growth During the Forecast Period
The North American region is expected to witness significant growth during the forecast period. The development of the aerospace bearings market in the North American region is attributed to the presence of various aircraft OEMs and aircraft component manufacturers. Increasing military spending and procuring numerous military aviation aircraft by the North American region will also contribute to witnessing significant growth during the forecast period. An increase in the demand for new and reliable aerospace bearings and the number of relevant applications for aircraft assembly in the United States and Canada will also contribute to the market's growth in the long run. Various aerospace bearings manufacturers in the United States, such as Accurate Bushing Company, Federal-Mogul Corporation as well as MSC Industrial Supply Company, are engaged in the development of new advanced composite-based bearings with various advanced features such as reduction in weight as well as space occupied, which enables for minimalistic friction as well as noise thereby leading to the decrease in terms of maintenance costs and this will propel the growth of the market during the forecast period.
