Report Description Table of Contents The aerospace bearing market was worth USD 12.5 billion in 2023 and will be worth USD 16.58 billion by 2030, growing at a CAGR of 3.6% during the forecast period. The aerospace bearing market is growing due to increased demand for energy-efficient aircraft, rising traffic congestion, and the requirement for developing new materials to withstand high physical pressure. Aircraft components include engine bearings, gearings, and control surfaces, which must be highly rated for heat resistance and stress loading. For instance, in 2023, SKF company launched a new series of aerospace hybrid bearings that incorporate the help of superior ceramic materials to decrease the frictional force and enhance the toughness, subsequently increasing the fuel economy. The need for modern bearings will likely increase in the airborne industry as airline companies and manufacturers seek to cut operating expenses and enhance safety. The aerospace bearing market is a vast opportunity to grow due to the high demand for bearings with low weight and high performance for enhancing fuel efficiency and low maintenance bearings. The current aerospace industry in the world is expected to need more than 43,000 new airplanes by the year 2040, opening a big opportunity for bearing manufacturers. High demands for bearings are arising due to the transition to electric and hybrid planes, where bearings have to work under higher speeds and conditions. In 2022, the company also introduced new applications of advanced ceramic and hybrid bearings necessary for the design of new-generation aircraft with low abrasion and frictional forces. However, as aerospace manufacturers incorporate composite materials and 3D-printed parts into their product designs, new opportunities exist in bearing technologies, and the market is continually advancing. Market Segmentation By Bearing Type: Ball Bearings Roller Bearings Plain Bearings Spherical Bearings Tapered Bearings By Application: Engine Components Landing Gear Flight Control Systems Airframe Avionics Others (Actuators, Auxiliary Systems) By Material: Metal Bearings (Steel, Titanium, Aluminum) Hybrid Bearings (Ceramic and Metal) Composite Bearings By Aircraft Type: Commercial Aircraft Military Aircraft Business Jets Helicopters Unmanned Aerial Vehicles (UAVs) By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America dominates the aerospace bearing market, driven by the presence of major aircraft manufacturers such as Boeing, Lockheed Martin, and Northrop Grumman, as well as a robust defense sector. The U.S. alone accounts for nearly 40% of global aerospace production, making it a key region for aerospace bearing demand. In addition, the region’s focus on innovation and high-performance materials has propelled advancements in bearing technologies. For example, in 2023, Timken announced new high-speed bearings designed for the next generation of supersonic jets, further strengthening North America's leadership in the sector. The region's strong defense and commercial aviation industries and focus on reducing maintenance costs and improving aircraft performance keep it at the forefront of the aerospace bearing market. Key Players SKF Group The Timken Company NSK Ltd. Rexnord Corporation Schaeffler Group JTEKT Corporation AST Bearings NTN Corporation NHBB (New Hampshire Ball Bearings, Inc.) RBC Bearings Incorporated Aerospace Bearing Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market Size Value in 2023 USD 12.5 billion Revenue Forecast in 2030 USD 16.58 billion Overall Growth Rate CAGR of 3.6% Base Year for Estimation 2022 Historical Data 2017 – 2021 Unit USD Billion, CAGR (2023 - 2030) Segmentation By Bearing Type, By Application, By Material, By Aircraft Type, By Region By Bearing Type Ball Bearings, Roller Bearings, Plain Bearings, Spherical Bearings, Tapered Bearings By Application Engine Components, Landing Gear, Flight Control Systems, Airframe, Avionics, Others (Actuators, Auxiliary Systems) By Material Metal Bearings (Steel, Titanium, Aluminum), Hybrid Bearings (Ceramic and Metal), Composite Bearings By Aircraft Type Commercial Aircraft, Military Aircraft, Business Jets, Helicopters, Unmanned Aerial Vehicles (UAVs) By Region North America, Europe, Asia-Pacific, LAMEA Country Scope US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc. Pricing and Purchase Options Avail customized purchase options to meet your exact research needs. Frequently Asked Question About This Report Who are the major players in the Aerospace Bearing Market? Key players in the market include SKF Group, The Timken Company, NSK Ltd., Rexnord Corporation, and Schaeffler Group. Which region held the largest Aerospace Bearing Market share? North America dominates the aerospace bearing market, driven by the presence of major aircraft manufacturers and a strong defense sector. How big is the Aerospace Bearing Market? The aerospace bearing market was valued at USD 12.5 billion in 2023 and is projected to reach USD 16.58 billion by 2030, growing at a CAGR of 3.6% during the forecast period. What are the key factors driving the growth of the Aerospace Bearing Market? The growing demand for energy-efficient aircraft, increasing air traffic, and the need for advanced materials that can endure high stress and temperatures are driving the market, with innovations like hybrid ceramic bearings adding to this momentum. Which application had the largest Aerospace Bearing Market share? The engine components segment holds a significant share in the aerospace bearing market, reflecting the critical role of bearings in ensuring engine performance and reliability. . Table of Contents 1. AEROSPACE BEARING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. AEROSPACE BEARING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – AEROSPACE BEARING MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Bearing Type of AEROSPACE BEARING and End Use Outlook Analysis 4. HISTORIC TRENDS IN AEROSPACE BEARING MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA AEROSPACE BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America AEROSPACE BEARING Historical Market ($MILLION), (2017 – 2023) 6.2. North America AEROSPACE BEARING Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Bearing Type 6.3.1. Ball Bearings 6.3.2. Roller Bearings 6.3.3. Plain Bearings 6.3.4. Spherical Bearings 6.3.5. Tapered Bearings 6.4. North America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Material 6.4.1. Metal Bearings (Steel, Titanium, Aluminum) 6.4.2. Hybrid Bearings (Ceramic and Metal) 6.4.3. Composite Bearings 6.5. North America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type 6.5.1. Commercial Aircraft 6.5.2. Military Aircraft 6.5.3. Business Jets 6.5.4. Helicopters 6.5.5. Unmanned Aerial Vehicles (UAVs) 6.6. North America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.6.1. Engine Components 6.6.2. Landing Gear 6.6.3. Flight Control Systems 6.6.4. Airframe 6.6.5. Avionics 6.6.6. Others (Actuators, Auxiliary Systems) 6.7. North America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA AEROSPACE BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE AEROSPACE BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe AEROSPACE BEARING Historical Market ($MILLION), (2017 – 2023) 8.2. Europe AEROSPACE BEARING Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Bearing Type 8.4. Europe AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Material 8.5. Europe AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type 8.6. Europe AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.7. Europe AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC AEROSPACE BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC AEROSPACE BEARING Historical Market ($MILLION), (2017 – 2023) 9.2. APAC AEROSPACE BEARING Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Bearing Type 9.4. APAC AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Material 9.5. APAC AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type 9.6. APAC AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.7. APAC AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA AEROSPACE BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America AEROSPACE BEARING Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America AEROSPACE BEARING Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Bearing Type 10.4. Latin America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Material 10.5. Latin America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Aircraft Type 10.6. Latin America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.7. Latin America AEROSPACE BEARING Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. SKF Group 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. The Timken Company 11.3. NSK Ltd. 11.4. Rexnord Corporation 11.5. Schaeffler Group 11.6. JTEKT Corporation 11.7. AST Bearings 11.8. NTN Corporation 11.9. OTHER MARKET PLAYERS