Aerospace Bearings

According to Stratistics MRC, the Global Aerospace Bearings Market is accounted for $13.0 billion in 2024 and is expected to reach $17.8 billion by 2030 growing at a CAGR of 5.3% during the forecast period. Aerospace bearings are specialized components designed to support and reduce friction in the rotating or moving parts of aircraft and spacecraft. They play a crucial role in ensuring the smooth operation of engines, landing gear, and other critical systems. Made from high-strength materials, aerospace bearings must withstand extreme temperatures, high speeds, and harsh environments. Their reliability and precision are essential for the safety, efficiency, and performance of aerospace systems, meeting rigorous standards set by the industry.

According to Airbus SAS, in the next decade, there will be a high demand for around new 40,000 aircraft. According to Airbus SAS, the company delivered 863 commercial aircraft in 2019. However, 566 commercial aircraft were delivered in 2020, with 7,184 orders in 2020. 

Market Dynamics: 

Driver: 

Increasing demand for commercial and military aircraft

The market is experiencing heightened demand driven by the growth in both commercial and military aircraft sectors. As airlines expand their fleets and defense budgets increase, there is a rising need for advanced bearings that ensure reliability and performance under extreme conditions. Innovations in bearing materials and designs are catering to these needs, supporting more efficient and durable aircraft operations. This surge in demand is expected to drive significant market growth and technological advancements.

Restraint:

Stringent quality and certification requirements

Bearings used in aerospace applications must meet rigorous standards to ensure safety and reliability under extreme conditions. These standards include compliance with aerospace industry certifications and rigorous testing protocols. Manufacturers face the challenge of maintaining high-quality production processes and meeting these demanding certifications while managing costs. The need for precise engineering, thorough documentation, and continuous quality assurance further complicates compliance efforts.

Opportunity:

Rising emphasis on safety and reliability

As aerospace applications demand high performance under extreme conditions, manufacturers are prioritizing innovations that enhance durability, reduce failure rates, and improve overall safety. Enhanced testing procedures, advanced materials, and stringent quality control measures are being adopted to ensure that bearings meet rigorous standards, thus supporting the safety of aircraft operations and the reliability of aerospace systems. Thus, the market is increasingly focused on safety and reliability.

Threat:

High costs of raw materials

Essential materials such as high-performance alloys and specialized composites, which are crucial for ensuring durability and reliability in aerospace applications, have seen substantial price increases. This cost escalation impacts the overall production expenses and can hinder market growth. Manufacturers are compelled to seek cost-effective alternatives or improve manufacturing efficiency to mitigate the financial strain caused by these rising raw material costs.

Covid-19 Impact: 

The COVID-19 pandemic significantly disrupted the market by causing delays in manufacturing and supply chain interruptions. A substantial decline in air travel reduced demand for new aircraft, leading to a decrease in bearing orders. However, the crisis also accelerated technological advancements and prompted a shift towards more resilient supply chains. As the aerospace industry recovers, the market is expected to rebound with a focus on innovation and improved operational efficiency.

The needle bearings segment is expected to be the largest during the forecast period

The needle bearings is expected to be the largest during the forecast period due to their high load-carrying capacity and compact size. They feature long, slender rollers, which reduce friction and improve performance in tight spaces. These bearings are often used in applications like aircraft landing gear, engine components, and control systems where reliability and precision are essential. Their ability to withstand extreme conditions and maintain functionality under high stress makes them a preferred choice for aerospace applications.

The cockpit control segment is expected to have the highest CAGR during the forecast period

The cockpit control segment is expected to have the highest CAGR during the forecast period. These bearings must endure high stress and varying temperatures, providing smooth movement and reducing wear. They are integral to mechanisms such as joystick controls and throttle systems, where accuracy and durability are paramount. Advanced materials and manufacturing processes are employed to enhance their performance, ensuring safety and reliability in modern aerospace applications.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Key drivers include technological advancements, rising air travel, and stringent regulatory standards for performance. Major aerospace manufacturers and suppliers are investing in innovation to enhance bearing performance, reduce weight, and improve durability. Additionally, the expansion of the aerospace sector and focus on reducing operational costs are fueling the demand for high-quality, reliable aerospace bearings in the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Increased air travel and expansion of airlines in region boost the demand for new aircraft and replacements for existing components, including bearings. Countries in the region are investing in military modernization, including advanced aircraft systems that require high-performance bearings. Innovations in bearing technology, such as the development of lightweight and high-performance bearings, support the growing needs of the aerospace sector.

Key players in the market

Some of the key players in Aerospace Bearings market include Schaeffler Group, Trelleborg AB, Raytheon Technologies Corporation, Honeywell International Inc., Boeing Company, Aerospace Products International, Inc., Rolls-Royce Holdings plc, Moog Inc., Bell Helicopter Textron Inc., United Technologies Corporation, Kaman Corporation, L3 Technologies, Inc., SKF Aerospace, Timken Company, NTN Corporation, JTEKT Corporation and NSK Ltd.

Key Developments:

In July 2024, Raytheon signed a contract with Avio (AVIO.MI to initiate and progress the development of critical solid rocket motors for defense applications. The contract furthers the systems engineering work required to mature these solid rocket motors into a production-ready state.

In July 2024, Rolls-Royce announced it has signed a TotalCare and SelectCare service agreement with JSX for its 162-strong fleet of Rolls-Royce AE 3007A engines powering the air carrier’s fleet of 77 Embraer ERJ-145 and ERJ-135 aircraft.

Types Covered:
• Ball Bearings
• Roller Bearings
• Needle Bearings
• Thrust Bearings
• Plain Bearings
• Other Types

Aircraft Types Covered:
• Commercial Aircraft
• Military Aircraft
• General Aviation
• Unmanned Aerial Vehicles (UAVs)

Materials Covered:
• Stainless Steel
• Ceramic 
• Hybrid 
• Polymers
• Alloy Steel

Sales Channels Covered:
• Direct Sales
• Distributors
• Original Equipment Manufacturers (OEMs)
• Online Platforms

Applications Covered:
• Landing Gear
• Engine
• Flight Control Systems
• Interiors
• Cockpit Control
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances