The global air bearings market size anticipates growing at a spiraling pace during the forthcoming years. Air bearings are effective in reducing the shocks and vibrations that arise from friction. The demand for lowering friction in several high-speed machines is expected to significantly aid the market. Fortune Business Insights™ has presented this information in an upcoming report titled, “Air Bearings Market, 2022-2029”. The report highlights the different factors boosting market growth. For instance, aerodynamic bearings possess excellent features like longer service life, higher rotational power, and outstanding thermal stability. These features are expected to enhance the market penetration and thereby increase the demand for aerodynamic bearings in several industries.
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List of Key Players in Air Bearings Market:
- Hovair Systems (The U.S)
- Honeywell International Inc. (The U.S.)
- Capstone Turbine Corporation (The U.S)
- APG-Neuros (Canada)
- Air Bearings Ltd. (The U.K.)
- IBS Precision Engineering (The Netherlands)
- LAB Motion Systems (Belgium)
- OAV Air Bearings (The U.S.)
- SKF (Sweden)
- Specialty Components Inc. (The U.S.)
- Leuven Air bearings NV (Belgium)
- Nelson Air Corp (The U.S.)
- Seagull Solutions Inc. (The U.S.)
The world is facing an unprecedented crisis due to the COVID-19 pandemic. Operations and supply chain networks of several markets and industries have been disrupted, and a reduction in production and revenues can be witnessed globally. As a result, standard operating procedures and protocols have turned irrelevant as the economies are dynamically trying to adjust to the pandemic. Players across the globe are putting in their best efforts to wade through the pandemic. It is still unclear how long the situation may persist this way. Nonetheless, our research report’s in-depth analysis will help you gain a detailed comprehension of this niche air bearings market.
Based on type, the air bearings market bifurcates into aerostatic bearings and aerodynamic bearings. On the basis of its speed capacity, the market segments into <1000 rpm, 1000-6000 rpm, and >6000 rpm. On the basis of its application, the market divides into precision material tools, coordinate measuring machines, high-speed machines, etc. On the basis of its end-use, the air bearings market segments into wastewater management, medical, automotive, semiconductor, aviation, etc. Geographically, the aerodynamic bearings market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Air Bearings Report Coverage-
The report follows an innovative methodology using top-down and bottom-up approaches for a holistic assessment of the prospected market. The report also incorporates PESTLE Analysis and Porters’ Five Forces Analysis for an infallible prediction of the market. The information presented in the report is gathered through interviews with multiple stakeholders at regional, country, and global levels. The report presents data on the competitive landscape of the aerodynamic bearings market and highlights recent industry developments, including details on new product launches, key market trends, expansions, and acquisitions, etc.
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Drivers & Restraints-
Development of Efficacious Aerodynamic bearings to Amplify Market Scope
Industries like aviation, space, wastewater management, semiconductor, automotive, etc., benefit from the application of aerodynamic bearings in these industries. The need for energy-efficient aerostatic bearings is on the rise. As a result, major players are focusing on developing efficacious aerostatic bearings, which is driving the market growth. Additionally, the growing demand from the aviation industry is expected to augment future growth. The developments in the automotive industry for cost-efficient aerostatic bearings are expected to offer lucrative growth opportunities in the market. However, the high costs of installation are expected to act as a restraint in air bearings market growth.
North America to Bag the Largest Share of Growth
North America is anticipated to hold the largest slice in global air bearings market share due to the existing regional players like Hovair Systems Inc., PI Nelson Air Corp, Honeywell International Inc., Capstone Turbine Corporation, etc.
The Asia Pacific is expected to lay hold off a significant share in market growth. The increasing demand from the automotive industry is expected to immensely stimulate market growth. The smartphone market attributes to the large consumption of semiconductors, which is, in turn, spurring the air bearings market growth. Being a global industrial manufacturing hub, China is expected to open new doors of opportunities for the aerostatic bearings market in the Asia Pacific.
Europe is expected to demonstrate significant growth during the forthcoming years. Major players like Bladon Jets, IBS precision Engineering, and Air Bearings Ltd. are expected to positively affect the market growth. Also, the increasing adoption by the industrial sector for aerostatic bearings is expected to thrive in the market.
The Rest of the World is expected to show considerable growth, mainly due to the increasing demand in South America and the Middle East & Africa.
New Product Developments by Eminent Companies to Benefit Several Industries
The aerostatic bearings market comprises several players at regional, country, and global levels. Rapid industrialization has led to the development of technologically advanced aerodynamic bearings that are expected to benefit several industries like aviation, medical, automotive, etc. For instance, NASA launched the CubeSat Program, which employed Plglide HB series spherical aerodynamic bearings for the launch of more than 50 CubeSats.
April 2020: Physikl Instrumente launched A-688 model for an advanced and large motorized rotary air bearing. The new model replaces the conventional air-bearing rotary stages and offers better positioning for optical calibration, scanning, and geometric performance.
January 2020: The Swedish company, SKF, launched angular contact ball bearings. These can increase the axial load carrying capabilities of industry equipment.
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