Market Analysis and Insights:
The market for Global Aerospace Bearings was estimated to be worth USD 6.56 billion in 2020, and from 2021 to 2028, it is anticipated to grow at a CAGR of 7.69%, with an expected value of USD 16.52 billion in 2028.
The aerospace bearings industry experiences influence from a variety of factors that propel its growth. Primary among these is the surge in global demand for aircraft, propelled by increasing air passenger traffic and rising levels of disposable income. The expansion of the commercial aviation sector, particularly in developing countries, is also a significant driver for aerospace bearings demand. Progress in bearing materials technology, focusing on lightweight and high-performance materials, is another contributing factor as it improves aircraft efficiency and reliability. Moreover, the trend towards fuel-efficient aircraft is leading to the adoption of advanced bearings that reduce energy consumption. The defense sector equally impacts the aerospace bearings market, with demands for military aircraft and helicopters bolstering growth. Lastly, the maintenance, repair, and overhaul services within the aviation sector contribute to market expansion since bearings necessitate regular replacement and maintenance. In summary, these driving forces collectively propel the global aerospace bearings market forward.
Aerospace Bearings Market Scope:
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 16.52 billion |
| Growth Rate | CAGR of 7.69% during 2021-2028 |
| Segment Covered | By Aircraft Type, By Sales Channel , By Platform, By Product Type, By Material ,By Application, By Region . |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | SKF Group, GGB Bearings Technology, The Timken Company, Schaeffler Technologies AG & Co. KG, NSK Ltd., Rexnord Corporation, RBC Bearings Incorporated, Aurora Bearing Company, AST Bearings LLC, and New Hampshire Ball Bearings, Inc. |
Market Definition
Aerospace bearings are highly specialized elements engineered to enable seamless and effective motion within aircraft and spacecraft mechanisms, reducing friction while optimizing operational capabilities. These critical components play a vital role in a wide range of functions such as engines, landing gear, flight control systems, and rotorcraft.
A crucial component within the aerospace sector, aerospace bearings are specifically engineered to support various applications essential for the optimal performance of aircraft systems. These specialized bearings are integral to functions like aircraft engines, landing gears, control systems, and satellite mechanisms. Engineered to withstand extreme conditions such as high speeds, temperatures, and heavy loads, aerospace bearings deliver superior performance with minimal friction and precise motion control. By ensuring safe and reliable operations, these bearings play a key role in reducing vibrations, enhancing energy efficiency, and overall system performance. Consequently, the investment in high-quality aerospace bearings is essential to sustain aircraft functions, enhance safety measures, and prolong the operational lifespan of aerospace equipment.
Key Market Segmentation:
Insights On Key Aircraft Type
Commercial Aviation
The Commercial Aviation aircraft type is expected to dominate the Global Aerospace Bearings Market. This is due to the high demand for commercial aircraft and the growing airline industry. With increasing air travel and the need for more efficient and reliable aircraft, there is a significant demand for aerospace bearings in commercial aviation. Moreover, advancements in technology have led to the development of lightweight and durable bearings, which are essential for enhancing aircraft performance. As a result, the commercial aviation part is expected to have a larger market share compared to other parts within the By Aircraft Type category.
Military Aviation
The Military Aviation aircraft type holds a significant position in the Global Aerospace Bearings Market. Military aviation requires specialized equipment and components that can withstand extreme conditions and provide optimal performance. Aerospace bearings play a crucial role in military aircraft by ensuring smooth operation and enhanced safety. The continuous modernization and upgrading of military aircraft worldwide contribute to the demand for advanced aerospace bearings. Although it may not dominate the market like commercial aviation, the military aviation part holds a considerable share due to the specific requirements of the defense sector.
Business & General Aviation
While the aircraft type of Business & General Aviation is not expected to dominate the Global Aerospace Bearings Market, it still holds importance within the industry. Business and general aviation includes a range of aircraft used for corporate travel, private jets, and leisure purposes. Although the demand for these aircraft is relatively lower compared to commercial and military aviation, aerospace bearings are still required for their smooth functioning. However, factors such as the high cost of business and general aviation aircraft and the limited market size contribute to this part not being the dominant player in the global market.
Insights On Key Sales Channel
Aftermarket
The Aftermarket sector is expected to dominate the Global Aerospace Bearings Market. The aftermarket refers to the sales channel where products are purchased for replacement or repair purposes after the original equipment has been in use. In the aerospace industry, aftermarket sales of bearings are driven by maintenance, repair, and overhaul (MRO) activities. As aircraft and other aerospace equipment age, the need for replacement bearings increases, resulting in a continuous demand for aftermarket bearings. Additionally, aftermarket channels offer a wide range of bearing options from various manufacturers, providing customers with flexibility in choosing products that best suit their requirements. The aftermarket 's dominance in the global aerospace bearings market can be attributed to the consistent demand for replacement bearings and a diverse product range offered to customers.
OEM
As an alternative to the dominant aftermarket, the OEM (Original Equipment Manufacturer) sector is an important player of the Global Aerospace Bearings Market. In this sales channel, bearings are directly supplied by manufacturers to the original equipment producers who incorporate them into new aircraft and aerospace systems. OEM sales are primarily driven by the production and delivery of new aircraft, as well as the manufacturing of other aerospace equipment. The OEM part plays a crucial role in the initial supply chain for aerospace bearings, ensuring a continuous flow of products to support the aerospace industry's expansion and modernization. While the aftermarket is expected to dominate the market, the OEM part remains significant due to the ongoing demand for aerospace bearings in new production and projects.
Insights On Key Platform
Fixed-Wing
Fixed-wing aircraft are expected to dominate the Global Aerospace Bearings Market. The demand for aerospace bearings in the fixed-wing is anticipated to be driven by the increasing use of commercial and military airplanes worldwide. With the growing number of air passengers and increasing defense budgets, the demand for fixed-wing aircraft is expected to rise. As fixed-wing aircraft are used for various applications, including commercial transportation, cargo delivery, and military operations, the demand for aerospace bearings in this is likely to be the highest compared to other parts.
Rotary-Wing
Rotary-wing aircraft, such as helicopters, are another important platform of the Global Aerospace Bearings Market. However, they are not expected to dominate the market like fixed-wing aircraft. Rotary-wing aircraft play a crucial role in various industries, including military, medical, and transportation. The demand for aerospace bearings in the rotary-wing is driven by factors such as increased military operations, medical emergency services, and offshore transportation. While the demand for aerospace bearings in this part is significant, it is expected to be lower compared to the fixed-wing due to the larger market size of fixed-wing aircraft.
Unmanned Aerial Vehicle (UAV)
The Unmanned Aerial Vehicle (UAV) platform is also an important player of the Global Aerospace Bearings Market. UAVs, commonly known as drones, have gained popularity in recent years due to their extensive applications in fields such as military, agriculture, surveillance, and aerial photography. The demand for aerospace bearings in the UAV is driven by the increasing use of drones for various purposes. However, the market size of the UAV part is expected to be smaller compared to fixed-wing and rotary-wing aircraft. While the demand for aerospace bearings in this part is significant, it is anticipated to be lower than the dominant fixed-wing .
Insights On Key Product Type
Roller Bearings
Roller Bearings are expected to dominate the Global Aerospace Bearings Market. This part offers numerous advantages such as high load capacity, increased durability, and improved resistance to shock and vibration. These bearings are widely utilized in various aerospace applications, including aircraft engines, landing gears, and rotor systems. The growing demand for commercial and military aircraft, along with the increasing focus on reducing maintenance and replacement costs, is driving the market for Roller Bearings in the aerospace industry. Furthermore, the technological advancements in Roller Bearings, such as the development of integrated sensors for condition monitoring, are also contributing to their dominance in the market.
Plain Bearings
Although not expected to dominate the Global Aerospace Bearings Market, Plain Bearings still play a significant role in various aerospace applications. These bearings offer advantages like low friction, self-lubrication, and the ability to operate in extreme temperature and environmental conditions. In the aerospace industry, Plain Bearings are commonly used in control surface hinges, landing gears, and auxiliary power units. The demand for Plain Bearings is driven by factors such as the increasing aircraft production, the need for lightweight components, and the emphasis on improving fuel efficiency.
Ball Bearings
Ball Bearings are another important product in the Global Aerospace Bearings Market. These bearings have widespread applications in aerospace systems due to their high rotational speeds, low friction, and efficient load distribution capabilities. Ball Bearings are commonly used in aircraft engines, auxiliary power units, and various other rotating components. The increasing demand for fuel-efficient aircraft and the focus on reducing weight and maintenance costs are driving the growth of the Ball Bearings market in the aerospace industry. Additionally, advancements in material science and lubrication technologies are further enhancing the performance of Ball Bearings.
Roller Screws
While Roller Screws have their applications in aerospace systems, they are not expected to dominate the Global Aerospace Bearings Market. Roller Screws are primarily used for converting rotary motion into linear motion, making them suitable for applications such as actuators and flight control surfaces. The demand for Roller Screws is influenced by factors like the modernization of aircraft fleets, the need for precise control systems, and the development of electrically powered aircraft. However, their specific use cases limit their overall dominance in the aerospace bearings market.
Ball Screws
Similar to Roller Screws, Ball Screws have their niche applications in the aerospace industry but are not expected to dominate the Global Aerospace Bearings Market. Ball Screws are commonly used in aircraft control systems, landing gear actuators, and various other high-precision applications. These screws offer advantages like low friction, high efficiency, and precise linear motion. The demand for Ball Screws is driven by factors such as the increasing adoption of automation and the need for enhanced control and safety in aerospace systems. However, their limited scope of applications restricts their dominance in the overall aerospace bearings market.
Insights On Key Material
Aluminum Alloys
Aluminum alloys are expected to dominate the Global Aerospace Bearings market. The use of aluminum alloys in aerospace bearings offers several advantages such as high strength, low weight, excellent thermal conductivity, and corrosion resistance. These properties make aluminum alloys ideal for applications that require high performance and durability in the aerospace industry. Additionally, aluminum alloys can be easily tailored to meet specific design requirements, allowing for enhanced versatility. The increasing demand for lightweight and fuel-efficient aircraft is expected to further drive the growth of aluminum alloys in the aerospace bearings market.
Stainless Steel
Stainless steel is another significant material within the Global Aerospace Bearings market. Stainless steel is known for its excellent corrosion resistance and mechanical properties, making it suitable for aerospace applications that require high strength and durability. Moreover, stainless steel bearings can withstand extreme temperature variations and offer low friction coefficients, which are essential in aerospace operations. The growing investments in the aerospace industry, coupled with the need for reliable and long-lasting bearings, are expected to drive the demand for stainless steel bearings in the market.
Fiber Reinforced Composites
Fiber reinforced composites have gained prominence in the aerospace industry due to their exceptional strength-to-weight ratio, high stiffness, and excellent fatigue resistance. These materials offer various advantages such as reduced fuel consumption, enhanced payload capacity, and improved structural integrity. Fiber reinforced composites are widely used in aerospace bearings to reduce weight and increase efficiency, particularly in critical applications such as landing gears and engine components. The growing emphasis on lightweight construction and the increasing demand for advanced materials in the aerospace sector are expected to drive the growth of fiber reinforced composites in the aerospace bearings market.
Engineered Plastics
Engineered plastics play a significant role in the aerospace industry as they offer excellent chemical resistance, low friction coefficients, and lightweight properties. They are widely used in aerospace bearings for their self-lubricating capabilities, wear resistance, and reduced maintenance requirements. Engineered plastics provide enhanced performance in challenging environmental conditions and can withstand high loads and speeds. The increasing focus on reducing friction, noise, and vibration in aerospace systems is expected to drive the demand for engineered plastic bearings in the market.
Metal Backed
Metal backed bearings, commonly known as bimetallic bearings, are used in aerospace applications for their excellent load-bearing capabilities and high operating temperatures. These bearings consist of a metal backing, typically steel or bronze, with a layer of low-friction material such as PTFE or a polymer. Metal backed bearings offer good resistance to shock, impact, and wear, making them suitable for critical aerospace applications. The increasing demand for reliable and high-performance bearings in the aerospace industry is expected to drive the growth of metal backed bearings in the market.
Insights On Key Application
Landing Gear
The Landing Gear application is expected to dominate the Global Aerospace Bearings Market. Landing gear plays a critical role in supporting the weight of an aircraft during takeoff, landing, and taxiing. It requires robust and reliable bearings to withstand the heavy loads and constant stress. As a result, the demand for high-performance bearings in the landing gear application is significantly higher compared to other parts. Manufacturers are focused on developing bearings that can withstand extreme conditions and provide excellent shock resistance and durability. The increasing number of aircraft deliveries, coupled with the growing emphasis on enhancing aircraft safety and performance, is expected to drive the demand for aerospace bearings in the landing gear .
Engine
The Engine application is expected to be another significant player in the Global Aerospace Bearings Market. Bearings used in aircraft engines need to withstand high temperatures, extreme speeds, and heavy loads. This part involves various types of bearings, such as ball bearings, roller bearings, and plain bearings, which are crucial in ensuring the efficient operation of the engine. With the rising demand for fuel-efficient aircraft and continuous advancements in engine technology, the demand for high-performance bearings in the engine application is expected to grow.
Aero-structure
Aero-structure, which includes bearings used in wings, fuselage, control surfaces, and other structural components of an aircraft, is expected to have a considerable impact on the Global Aerospace Bearings Market. These bearings provide support, reduce friction, and enable smooth movement in critical areas of the aircraft's structure. The increasing focus on lightweight and composite materials in aerospace manufacturing has led to the development of specialized bearings to meet the unique requirements of aero-structure applications. As aircraft manufacturers strive to enhance fuel efficiency and reduce emissions, the demand for lightweight bearings in aero-structure applications is expected to rise.
Others
While the Landing Gear, Engine, and Aero-structure sectors are anticipated to be the dominant players in the Global Aerospace Bearings Market, the Others category is also significant. This category includes bearings used in various auxiliary systems and components of an aircraft, such as avionics, cabin interiors, control systems, and more. Although the demand for bearings in these applications may be relatively smaller, they are essential for the overall functioning and performance of the aircraft. The growing adoption of advanced technologies in modern aircraft is likely to drive the demand for bearings in other aerospace applications as well.
Insights on Regional Analysis:
Asia Pacific
The Asia Pacific region is expected to dominate the Global Aerospace Bearings market. With the rapid growth of the aerospace industry in countries like China, India, Japan, and South Korea, there is an increasing demand for aerospace bearings. These countries have been investing heavily in the development of their aerospace sectors, leading to a rise in aircraft production and maintenance activities. Furthermore, the Asia Pacific region is witnessing significant growth in the commercial aviation sector, which drives the demand for aerospace bearings. The region's strong manufacturing capabilities, technological advancements, and expanding air transport infrastructure also contribute to its dominance in the aerospace bearings market.
North America
North America is a key region in the aerospace industry, home to major aircraft manufacturers and suppliers. However, it is not expected to dominate the Global Aerospace Bearings market. While North America has a well-established aerospace sector, including the presence of large companies like Boeing and Lockheed Martin, the region's growth in the aerospace bearings market is relatively slower compared to Asia Pacific. Nevertheless, North America remains an important market for aerospace bearings due to the presence of established aerospace companies and the ongoing demand for aircraft maintenance and replacement.
Europe
Europe is another significant region in the aerospace industry, but it is not expected to dominate the Global Aerospace Bearings market. European countries, such as Germany, France, and the United Kingdom, have a strong aerospace manufacturing base and are known for their advanced technologies and engineering expertise. Despite this, the European aerospace bearings market is facing challenges such as the impact of the COVID-19 pandemic on the aviation industry and the slowdown in aircraft production. However, Europe continues to be a key market for aerospace bearings, driven by ongoing aircraft maintenance, repair, and overhaul (MRO) activities.
Latin America
Latin America is not expected to dominate the Global Aerospace Bearings market. The region's aerospace industry is relatively small compared to other regions, and the demand for aerospace bearings is limited. Countries like Brazil and Mexico have manufacturing capabilities in the aerospace sector, but the market is primarily focused on MRO activities rather than new aircraft production. However, with the growth of the aerospace industry in the region and increasing investments in aircraft manufacturing, Latin America may witness an upsurge in the demand for aerospace bearings in the future.
Middle East & Africa
The Middle East & Africa region is not expected to dominate the Global Aerospace Bearings market. While the region has been investing in the aerospace sector, particularly in countries like the United Arab Emirates and Saudi Arabia, the market size for aerospace bearings remains relatively small. The region primarily focuses on defense and military aviation, which may have a limited demand for aerospace bearings compared to commercial aviation. However, with the development of aerospace manufacturing capabilities and the establishment of new airlines in the Middle East & Africa, the demand for aerospace bearings is expected to grow in the coming years.
Company Profiles:
Prominent figures in the worldwide Aerospace Bearings sector, including SKF Group, Timken Company, and JTEKT Corporation, play a crucial role in producing and delivering top-notch bearings tailored for aircraft and space utilization. This contributes significantly to maintaining seamless functionality and dependability within the aerospace domain.
Leading companies in the aerospace bearings sector comprise SKF Group, GGB Bearings Technology, The Timken Company, Schaeffler Technologies AG & Co. KG, NSK Ltd., Rexnord Corporation, RBC Bearings Incorporated, Aurora Bearing Company, AST Bearings LLC, and New Hampshire Ball Bearings, Inc. These organizations are prominent in the production and distribution of aerospace bearings, essential components in diverse aerospace applications. They emphasize innovation, technological progress, and strategic partnerships to uphold their competitive standing. Their broad global reach and diverse product offerings allow them to meet the aerospace industry's needs, delivering dependable and effective bearings for aerospace machinery and aircraft.
COVID-19 Impact and Market Status:
The global aerospace bearings market has been greatly affected by the Covid-19 pandemic, resulting in disturbances in manufacturing and supply chains, decreased demand for air travel, and a downturn in new aircraft bookings.
The aerospace bearings market has been significantly impacted by the COVID-19 pandemic, primarily due to restrictions on air travel and reduced demand for commercial aircraft. This has led to a decline in market growth, with airlines grounding fleets and delaying new aircraft orders. Consequently, the need for aerospace bearings, whether for replacements or new installations, has decreased. Moreover, disruptions in the supply chain caused by lockdown measures have further affected the market by causing manufacturing and delivery delays. However, there is optimism for the market's recovery as countries progressively ease travel restrictions and resume regular operations. Government stimulus packages aimed at supporting the aerospace industry are expected to boost the demand for bearings in the coming years. Additionally, the industry's focus on developing fuel-efficient aircraft and incorporating advanced technologies like lightweight materials will create growth opportunities for the aerospace bearings market.
Latest Trends and Innovation:
- Timken Company, a leading manufacturer of bearings and mechanical power transmission solutions, acquired BEKA Lubrication in December 2020. This acquisition enhanced Timken's portfolio of lubrication solutions for various industries, including the aerospace sector.
- SKF, a global supplier of bearings and related technologies, introduced the SKF RecondOil technology in November 2020. This innovative solution allows the reconditioning of lubricating oil, which can contribute to reducing environmental impact and costs in aerospace applications.
- GGB Bearing Technology, a subsidiary of EnPro Industries, launched the HSG bearing material in October 2020. This high-temperature self-lubricating material is designed to meet the demands of aircraft engine applications, offering improved performance and reliability.
- NTN Corporation, a Japanese bearings manufacturer, announced the establishment of a new aerospace engineering center in September 2020. This facility aims to support the development of advanced bearing solutions for the aerospace industry and strengthen NTN's presence in this sector.
- Schaeffler Group, a global automotive and industrial supplier, launched the FAG Aerospace series of high-precision bearings in July 2020. These bearings are designed to meet the specific requirements of aerospace applications, providing improved performance, durability, and precision.
- RBC Bearings Incorporated, a major manufacturer of bearings and precision products, completed the acquisition of Swiss Tool Systems AG in June 2020. This acquisition expanded RBC Bearings' product offering and strengthened its position in the aerospace market.
- NSK Ltd., a leading manufacturer of bearings and precision machinery, announced the development of high-load capacity ball screw support bearings in May 2020. These bearings provide enhanced reliability and performance for aerospace applications, specifically in aircraft actuator systems.
- JTEKT Corporation, a Japanese automotive and industrial equipment manufacturer, announced a strategic partnership with Miba AG in April 2020. This collaboration aims to develop advanced bearing solutions for aerospace applications, leveraging the expertise of both companies.
- Aurora Bearing Company, a manufacturer of rod ends and spherical bearings, introduced the CMX series of corrosion-resistant bearings in February 2020. These bearings are designed for aerospace and other high-performance applications, offering improved resistance to harsh environments.
- MinebeaMitsumi Inc., a global precision components manufacturer, announced the development of a new bearing inspection system in January 2020. This system utilizes artificial intelligence and machine learning algorithms to enhance the accuracy and efficiency of aerospace bearing inspections.
Significant Growth Factors:
The expansion of the aerospace bearings sector is a result of the rising global need for aircraft and ongoing technological breakthroughs that propel the industry forward.
The aerospace bearings industry is poised for significant expansion in the forthcoming years driven by various factors. The escalating demand for aircraft, both commercial and military, is a primary catalyst for market growth. This surge in demand is a direct result of the burgeoning aviation sector and the necessity to modernize existing fleets. Furthermore, the market is propelled by a mounting emphasis on fuel efficiency and emissions reduction, leading to the innovation of cutting-edge bearing systems that boast enhanced performance and longevity. The adoption of unmanned aerial vehicles (UAVs) and electric aircraft is also creating fresh prospects for aerospace bearings manufacturers. Moreover, increasing investments in research and development are fostering continual enhancements in bearing technologies, leveraging lightweight materials and advanced coatings, thereby augmenting market growth. Additionally, the growing need for maintenance, repair, and overhaul (MRO) services in the aviation domain is projected to further boost the demand for aerospace bearings. Collectively, these drivers are anticipated to propel the expansion of the aerospace bearings market in the foreseeable future.
Restraining Factors:
An inhibiting factor in the Aerospace Bearings Market pertains to the substantial initial capital outlay necessary for the exploration and innovation of cutting-edge bearing technologies.
The aerospace bearings industry is poised for growth, although it is also confronted with various factors that may impede its development. One significant challenge lies in the substantial costs associated with the manufacturing and development of aerospace bearings, which could potentially obstruct smaller companies from entering the market due to financial constraints. Furthermore, strict regulations and certification obligations aimed at ensuring the safety and dependability of aerospace bearings may act as barriers for new entrants in the industry. The sluggish pace of technological progress in bearing materials and designs also presents a hurdle, limiting the sector's capability to satisfy the evolving demands of customers for lighter, more efficient, and robust bearings. Moreover, the aerospace sector has been significantly impacted by the COVID-19 pandemic, resulting in decreased air travel and a deceleration in aircraft production, thereby indirectly affecting the demand for aerospace bearings. Despite these challenges, the aerospace bearings market presents significant opportunities for growth. The mounting demand for commercial air travel, advancements in aircraft manufacturing technologies, and increased investments in the defense are expected to open up new avenues for market expansion. Companies in the aerospace bearings sector can overcome these obstacles and prosper in the forthcoming years by concentrating on research and development efforts to reduce costs, meet regulatory standards, and embrace technological advancements.
Key Segments of the Aerospace Bearings Market
Aircraft Type Overview
• Military Aviation
• Commercial Aviation
• Business & General Aviation
Sales Channel Overview
• OEM
• Aftermarket
Platform Overview
• Fixed-Wing
• Rotary-Wing
• Unmanned Aerial Vehicle (UAV)
Product Type Overview
• Plain Bearings
• Roller Bearings
• Ball Bearings
• Roller Screws
• Ball Screws
Material Overview
• Stainless Steel
• Fiber Reinforced Composites
• Engineered Plastics
• Aluminum Alloys
• Metal Backed
Application Overview
• Engine
• Aero-structure
• Landing Gear
• Others
Regional Overview
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• U.K
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
Latin America
• Brazil
• Argentina
• Rest of Latin America
Frequently Asked Questions (FAQ) :
The aerospace bearings market is studied from 2018 - 2028.
The aerospace bearings market is growing at a CAGR of 7.69%
SKF Group, GGB Bearings Technology, The Timken Company, Schaeffler Technologies AG & Co. KG, NSK Ltd., Rexnord Corporation, RBC Bearings Incorporated, Aurora Bearing Company, AST Bearings LLC, and New Hampshire Ball Bearings, Inc.
The base year for the report is 2023 in aerospace bearings market.