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Air Bearings Market Size

ID: MRFR//5689-CR | 183 Pages | Author: Sejal Akre| January 2019

The global air bearings market is poised to witness a Compound Annual Growth Rate (CAGR) of 6.82% during the forecast period from 2018 to 2023. As of 2017, Asia Pacific led the market with a commanding share of 56.59%, followed by Europe and North America with shares of 18.07% and 14.39%, respectively. The driving factors behind the market's growth include the increased applications in precision machine tools, the notable durability of air bearings, and the growing potential of air bearings within various industries.

The segmentation of the global air bearings market takes into account yarn type, application, industry, and region. Among the various types, the Hydrostatic/Aerostatic segment claimed the largest share, representing 58.72% of the global air bearings market. Following closely, the Hydrodynamic/Aerodynamic segment secured the second-largest share with 41.28% in the same period. Regarding application, precision machinery tools dominated the market, holding a significant share of 48.78% in the global air bearings market. Similarly, the high-speed machines segment accounted for 35.66% share in the same year. In terms of end-users, the aviation segment emerged as the leader, commanding the largest share at 22.94% in the global air bearings market. In parallel, the medical segment secured a substantial share of 19.56% in the same year.

The primary growth drivers for the global air bearings market stem from their increased adoption in precision machinery tools, where their unique characteristics, such as zero friction and smooth operation, prove advantageous. The high durability of air bearings further contributes to their widespread use in various applications. Moreover, the growing recognition of the potential of air bearings across different industries adds momentum to the market's expansion.

The prevalence of the Hydrostatic/Aerostatic type in the air bearings market underscores its dominance, highlighting its suitability for a broad range of applications. Precision machinery tools, with their diverse uses across industries, emerge as the leading application segment, showcasing the versatility of air bearings in enhancing precision in machinery operations. High-speed machines also benefit from the advantages offered by air bearings, contributing to their significant share in the market.

In terms of end-users, the aviation segment takes the lead, emphasizing the critical role air bearings play in aerospace applications. The medical segment follows closely, reflecting the importance of precision and smooth operation in medical equipment and devices.

In conclusion, the global air bearings market is on a growth trajectory, with a projected CAGR of 6.82% during the forecast period. The dominance of Asia Pacific, coupled with the increasing adoption of air bearings in precision machinery tools and their durability, positions them as key components in various industries. The market's segmentation highlights the significance of specific types, applications, and end-users, emphasizing the diverse applications and widespread adoption of air bearings across the globe. The continued advancements in technology and the increasing recognition of their potential in different sectors are anticipated to further fuel the growth of the air bearings market.

Covered Aspects:

Report Attribute/Metric Details

Global Air Bearings Market Overview


Air Bearings Market Size was valued at USD 4.5 billion in 2022. The air bearings market industry is projected to grow from USD 4.8402 Billion in 2023 to USD 7.49493 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.56% during the forecast period (2023 - 2030). The increasing demand for high-precision motion control systems and the need for high-speed and high-load capacity bearings in various industrial applications. The benefits of air bearings, such as high speed, low friction, and precise control, make them ideal for use in industries such as semiconductor manufacturing, aerospace, medical equipment, and automation are the key market drivers enhancing market growth.


 


Air Bearings Market Overview


Source Secondary Research, Primary Research, MRFR Database and Analyst Review


Air Bearings Market Trends



  • Increasing demand for high-precision motion control systems is driving the market growth


Market CAGR for air bearing is rising due to increasing demand for high-precision motion control systems. The increasing demand for high-precision motion control systems is one of the drivers of the air bearings market. Air bearings provide precise control, low friction, and high speed, making them ideal for high-precision applications such as semiconductor manufacturing, medical equipment, and automation. As the demand for these systems continues to grow, the demand for air bearings also increases.


Additionally, the need for high-speed and high-load capacity bearings is another driver of the air bearings market. Aerospace, defense, and automotive industries require high-speed and high-load capacity bearings to operate efficiently and safely. Air bearings can operate at high speeds and support high loads, making them ideal for such applications. As a result, the demand for air bearings is increasing in these industries.


The growing demand for automation is another driver of the air bearings market. Automation is becoming increasingly prevalent in the manufacturing, aerospace, and semiconductor production industries. Air bearings are preferred in such applications as they provide high precision, low friction, and low vibration motion control. This increases accuracy and efficiency in automated processes, resulting in increased productivity and cost savings. As automation continues to grow, the demand for air bearings is also expected to increase. Thus, driving the air bearings market revenue.


Air Bearings Market Segment Insights


Air Bearings Type Insights


Based on type, the air bearings market segmentation includes hydrostatic/aerostatic and hydrodynamic/aerodynamic. The hydrostatic/Aerostatic segment dominates the market during the forecast period. The hydrostatic/aerostatic type of air bearings generally provides higher precision and load capacity than the hydrodynamic/aerodynamic type, making it a preferred choice for high-precision applications in industries such as semiconductor manufacturing, aerospace, and defense. The hydrostatic/aerostatic type of air bearings utilizes a thin film of pressurized air or fluid to create a gap between the bearing and the moving part, eliminating the need for physical contact and friction. The hydrostatic part of the bearing uses a fluid, such as oil or water, to create the pressure and lift needed to support the moving part. In contrast, the aerostatic part of the bearing uses pressurized air to maintain a small gap between the bearing and the moving part.


Air Bearings Application Insights


Based on application, the air bearings market segmentation includes precision machine tools and high-speed machines. The precision machine tools segment is expected to hold a significant share of the air bearings market. Air bearings are widely used in precision machinery tools to achieve high accuracy and precision in manufacturing processes. High-speed machines are also a major application area for air bearings, but the precision machinery tools segment is expected to dominate the market. The "others" segment may include applications such as measuring instruments, semiconductor manufacturing equipment, and medical devices.


The high-speed machines industry is likely to rise fast throughout the forecast period due to increased demand for high-speed and high-precision motion control systems in different sectors such as semiconductors, aerospace, and military. Using air bearings in high-speed machines allows for high accuracy, precision, and stability, making them ideal for applications such as machine tools, spindles, and rotary tables.


Figure 1 Air Bearings Market, by Application, 2022 & 2030 (USD billion)


Air Bearings Market, by Application, 2022 & 2030


Source Secondary Research, Primary Research, MRFR Database and Analyst Review


Air Bearings End-user Insights


Based on end-user, the air bearings market data includes aviation, automotive, medical, space, HVAC, microturbine, compressors, semiconductors, and wastewater management. The aviation segment is one of the significant end-user segments in the air bearings market. The use of air bearings in the aviation industry helps to reduce friction and noise, increase accuracy and efficiency, and improve the overall performance of aircraft components such as turbines, rotors, and compressors. Air bearings are also used in flight simulators and ground support equipment in the aviation industry. The increasing demand for air travel and the growing number of aircraft orders are expected to drive the growth of the aviation segment in the air bearings market.


Air Bearings Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American air bearings market will dominate due to the presence of established aerospace and defense industries and the increasing adoption of automation in various industries. Additionally, the increasing demand for high-precision machinery and equipment in the medical, semiconductor, and manufacturing industries is likely to drive the growth of the North American air bearings market.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe air bearings market accounts for the second-largest market share due to the region's strong focus on research and development. Technological advancements in the manufacturing sector are expected to create new opportunities for market growth in the coming years. The increasing demand for automation and high-precision motion control systems is driving market growth in the region. Further, the German air bearings market held the largest market share, and the UK air bearings market was the fastest-growing market in the European region


The Asia-Pacific Air Bearings Market is expected to grow at the fastest CAGR from 2023 to 2030 due to the increasing demand for high-precision machine tools and equipment in countries such as China, Japan, and India. Additionally, the growth of the semiconductor industry in the region is also expected to drive the demand for air bearings in the manufacturing processes of semiconductors. Moreover, China’s air bearings market held the largest market share, and the Indian air bearings market was the fastest-growing market in the Asia-Pacific region.


Air Bearings Key Market Players & Competitive Insights


Leading market companies are extensively spending on R&D to extend their product lines, which will help the air bearings market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The air bearings industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the air bearings industry to benefit clients and increase the market sector. In recent years, the air bearings industry has offered some of the most significant medical advantages. Major players in the air bearings market, including APG-Neuros Inc., Mohawk Innovative Technology Inc., IBS Precision Engineering, Air Bearings Ltd., Capstone Turbine Corporation, and others, are attempting to increase market demand by investing in research and development operations.


Capstone Turbine Corporation manufactures microturbine energy systems that use air bearings to achieve high efficiency and reliability. Air bearings are one form of bearing that uses a thin film of compressed air to support a load and reduce friction. In Capstone's microturbines, air bearings support the turbine rotor, allowing it to spin at high speeds with minimal wear and tear.


For Instance, in August 2022, Sekito The distributor for Capstone Green Energy Company in Malaysia and Brunei has received an order for a 200 kW microturbine-based system for a big  oil and gas company's oil and gas application. One ATEX-certified Capstone C200S microturbine will be used in the new system. This retrofit system will provide prime power for an offshore wellhead platform in Sarawak, Malaysia, replacing an old Calnetix Power Solutions TA100 microturbine already on-site.


Mohawk Innovative Technology Inc. (MiTi) is a company that specializes in the design and manufacture of advanced air-bearing products. Air bearings are a type of bearing that uses a thin film of compressed air to support a load and reduce friction. MiTi's air bearings are used in various applications, including high-speed machinery, precision manufacturing, and aerospace systems. In 2021, MiTi announced that it had successfully tested a new air bearing designed to improve high-speed machinery's stability and precision. The new bearing uses a unique fluid dynamic design that reduces vibration and improves load capacity, enabling faster and more accurate motion control.


Key Companies in the air bearings market include



  • APG-Neuros Inc.

  • Mohawk Innovative Technology Inc.

  • IBS Precision Engineering

  • Air Bearings Ltd.

  • Capstone Turbine Corporation

  • Leuven Air Bearings NV

  • Bladon Jets

  • Hot Air Systems Inc.

  • Honeywell International Inc.


Air Bearings Market Segmentation


Air Bearings Type Outlook



  • Hydrostatic/Aerostatic

  • Hydrodynamic/Aerodynamic


Air Bearings Application Outlook



  • Precision Machinery Tools

  • High-speed Machines

  • Others


Air Bearings End-user Outlook



  • Aviation

  • Automotive

  • Medical

  • Space

  • HVAC

  • Microturbine

  • Compressors

  • Semiconductor

  • Wastewater Management

  • Others


Air Bearings Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America




Air Bearings Industry Developments


For instance, August 2022 Dedert has introduced a new air-bearing atomizer for spray drying applications that is sturdy, low-maintenance, and trouble-free.


For instance, July 2021 Sandvik RR240, a new air bearing with all the benefits of earlier generations of Sandvik RR321, Sandvik RR221, and Sandvik RR222 rotary bits. Sandvik RR240 has a longer bit life than conventional products, greater penetration rates and lower total drilling costs.

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