Aerospace Bearings Market Opportunities and Challenges

1
The report "Aerospace Bearings Market by Type
(Roller, Ball), Application (Landing Gear,
Flight Control Aerostructure),
Engine, System, Material
(Stainless Steel,
Fiber-Reinforced Composites, Engineered
Plastics), Aircraft Type, and Region - Glob
al Forecast to 2022", 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. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id191707655 The increasing demand
for aerospace bearings from commercial and
defense aviation sectors, technological
innovations that have created a demand for high
performance aerospace bearings to operate in
demanding environments and increasing number of
aircraft deliveries are the major factors driving
the aerospace bearings market. The engine
application segment is expected to lead the
aerospace bearings market during the forecast
period Based on application, the aerospace
bearings market has been segmented into engine,
landing gear, flight control system,
aerostructure, and others. Bearings are
extensively used in engines. With rise in air
travel, the demand for aircraft is also expected
to grow, thereby propelling the demand for
bearings to be used in aircraft engines. Based
on type, the roller segment is projected to grow
at the highest CAGR during the forecast
period Based on type, the aerospace bearings
market has been segmented into roller, ball, and
others. The roller segment of the aerospace
bearings market is projected to grow at the
highest CAGR during the forecast period. This can
be attributed to the application of roller
bearings in maximum parts of an aircraft, which
will be supported by an increased demand for
aircraft in the future.
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Based on material, the fiber-reinforced
composites segment is projected to grow at the
highest CAGR during the forecast period Based on
material, the aerospace bearings market has been
segmented into metal- backed, fiber-reinforced
composites, engineered plastics, aluminum alloys,
stainless steel, and others. The
fiber-reinforced composites segment is projected
to grow at the highest CAGR during the forecast
period. Fiber-reinforced composites have greater
load carrying and self-lubricating capacity
resulting in increased reliability of bearings
under harsh conditions, thus leading to its
higher demand. North America to lead the
aerospace bearings market during the forecast
period The aerospace bearings market in
Asia-Pacific is projected to grow at the highest
CAGR during the forecast period. Rapid growth of
the Asia-Pacific aerospace bearings market can
be attributed to increasing air passenger traffic
in emerging economies in the region. Aircraft
manufacturers in countries such as Russia, Japan,
and China are entering the global market with
modernized and high-tech aircraft, thus fueling
the aerospace bearings market in the region. Key
Market Players Major players in this market are
SKF Group (Sweden), The Timken Company (U.S.),
GGB Bearings Technology (U.S.), JTEKT Corporation
(Japan), and RBC Bearings Inc. (U.S.), among
others. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id191707655
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