DUBLIN--(BUSINESS WIRE)--The "Global Air Bearings Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global air bearings market achieved a value of USD 6.62 billion in 2022. This growth can be attributed to the increasing adoption of precision engineering techniques and the rising demand for high-speed machinery across various industries. The market is projected to continue expanding at a CAGR of 6.8% from 2023 to 2028, with an anticipated value of USD 9.83 billion by 2028.
Air bearings, also known as aerostatic bearings, are non-contact bearing systems that utilize a thin film of pressurized air to provide low-friction, high-precision load support. Due to their superior performance characteristics, air bearings find extensive use in industries such as aerospace, semiconductor manufacturing, and precision engineering. As the demand for high-speed machinery increases in various sectors, the adoption of advanced machinery equipped with air bearings has surged. This adoption aims to minimize friction, reduce wear and tear, and enhance overall equipment life, consequently driving the expansion of the air bearings market worldwide.
The growth of the air bearings market can also be attributed to the growing adoption of precision engineering techniques in diverse industries, including aerospace, automotive, and semiconductor manufacturing. Precision engineering enables the development of high-quality, intricate components that meet stringent tolerances and specifications. Air bearings are used in precision engineering applications to ensure accurate and repeatable results, further boosting the market's growth. Technological advancements in air bearing designs and materials have also played a significant role in propelling market expansion. Modern air bearings are made from advanced materials like porous carbon and ceramic, offering improved performance and durability. Innovations in air bearing designs, such as orifice-compensated and groove-compensated designs, have further enhanced their load-carrying capacity and stability, making them suitable for a wider range of applications.
The increasing focus on energy efficiency and environmental sustainability has contributed to the growth of the air bearings market. With minimal friction and energy loss, air bearings are considered an energy-efficient solution for various applications. Additionally, their low wear and tear characteristics reduce the need for lubricants, minimizing the environmental impact associated with lubricant disposal and consumption. The semiconductor industry's rising demand for high-precision equipment is expected to further benefit the air bearings market, as the manufacturing of semiconductors requires accurate positioning and motion control systems, achievable through air bearings.
The report segments the market based on type, speed capacity, application, end use, and region:
Market Bifurcation by Type:
- Aerostatic Bearings
- Aerodynamic Bearings
Market Division by Speed Capacity:
- < 1000 rpm
- 1000 - 60000 rpm
- >60000 rpm
Market Segmentation by Application:
- Precision Metal Tools
- High Speed Machines
- Coordinate Measuring Machines
- Others
Market Classification by End Use:
- Marine and Aviation
- Medical
- Automotive
- Machine Tools
- Others
Market Segregation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report also provides insights into the competitive landscape, including market shares, plant turnarounds, capacities, investments, acquisitions, and mergers among the major air bearing companies. Some of the major key players explored in the report are:
- APG-Neuros Inc
- Air Bearings Ltd
- Capstone Green Energy Corporation
- Honeywell International Inc
- Hot Air Systems, Inc
- IBS Precision Engineering
- Leuven Air Bearings Nv
- Mohawk Innovative Technology, Inc
The report offers comprehensive coverage of key segmentation, scope, market analysis, key players, assumptions, executive summary, opportunities, challenges, and regional analysis. It also includes a SWOT analysis, Porter's Five Forces analysis, and key indicators for demand and price. The report concludes with insights into recent industry events and developments.
For more information about this report visit https://www.researchandmarkets.com/r/296x9b
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