Aerospace Bearings Market Latest Innovations, Drivers And Industry Key Events

The market for aerospace bearings is heavily driven by the increased demand for aircraft deliveries. Air traffic is growing in developed as well as developing nations which is leading to enhanced demand for more aircrafts. This has led aircraft manufacturers as well as aircraft engine manufacturers to procure bearings at a faster rate than before. Moreover, the need to modernize the older aircrafts with new, reliable, and latest technologies is also encouraging manufacturers to upgrade the older aircrafts with advanced bearing, which in turn is fueling the market for aerospace bearing.

The growth of aerospace bearings market is affected by the steep cost of raw materials. Engineered plastic, stainless steel, and alloys are extremely costly due to their various capabilities which increase the cost of the products. This in turn is increasing the cost of the final bearing which is limiting aircraft manufacturers’ and aircraft engine manufacturers from procuring these advanced material bearings, thus restraining the growth of the bearings market in the aerospace industry. Moreover, maintenance of these bearings is also high which is another factor negatively impacting the market for aerospace bearing.

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The market for aerospace bearing is estimated to witness significant growth over the years due to the increased use of fiber reinforced composites bearings. These bearings are capable of carrying heavy loads and are self-actuating, which is increasing the interest among bearing manufacturers. Owing to the capability of carrying heavier loads compared to stainless steel and aluminum alloys bearing, aircraft manufacturers and aircraft engine manufacturers are heavily procuring fiber reinforced composites. This move by manufactures of aircrafts as well as aircraft engines is anticipated to boost the market for aerospace bearing.

The market for aerospace bearing is segmented on basis of product types, application, material, aircrafts, and geography. The various types of aerospace bearing includes roller, ball bearing and others. The different roller bearing includes cylindrical roller bearing, needle roller bearing, tapered roller bearing, and self-actuating roller bearing. Among the different types of roller bearing, the cylindrical roller bearing is the most widely used bearing in the aerospace bearing market. The roller bearing captured the market and is anticipated to surge over the period at a faster rate due to varied application in the aerospace industry.