Air Bearings Market Critical Growth Insights, Price Trends, Upcoming Opportunities and Challenges by 2030

Research Reports

Jun 27, 2023

Market Research Future Insights

According to MRFR analysis, the global air bearings market is expected to register a CAGR of 7.56% from 2023 to 2030 and hold a value of over USD 7.49493 billion by 2030.

The air bearings market refers to the market for devices that use a thin film of air to create a low friction interface between two surfaces. Air bearings are used in a variety of applications, including semiconductor manufacturing equipment, medical devices, aerospace, and precision machining. The COVID-19 pandemic has had a mixed impact on the air bearings market. On one hand, the demand for air bearings in medical devices and semiconductor manufacturing equipment has increased due to the increased demand for these products during the pandemic. On the other hand, the disruption of global supply chains and reduced manufacturing activity in many industries has had a negative impact on the market.

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Key Players

Some of the market key players are 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. and Honeywell International Inc.

Market Segmentation

The Global air bearings market has been segmented into type, application, and end-user.

Based on Type: Hydrostatic/Aerostatic and Hydrodynamic/Aerodynamic

Based on Application: Precision Machinery Tools, High-speed Machines and Others

Based on End-user: Aviation, Automotive, Medical, Space, HVAC, Microturbine, Compressors, Semiconductor, Wastewater Management and Others

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Regional Analysis

In terms of regional analysis, the Asia-Pacific region is expected to dominate the air bearings market due to the presence of a large number of semiconductor manufacturers and other high-tech industries in countries like China, Japan, and South Korea. North America and Europe are also significant markets for air bearings due to the presence of advanced manufacturing industries in these regions. However, the market in these regions may be impacted by the ongoing trade tensions and uncertainty caused by Brexit. Other regions, such as Latin America and the Middle East and Africa, are expected to experience moderate growth in the air bearings market.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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