Air bearings have emerged as a specialty components for the bearing industry to cater to the demand for lowering friction in various high-speed machineries. The market has evolved on the back of use of air bearing technologies for high technology applications such as in precision material tools and coordinate measuring machines. In contrast to ball bearings, they are usually more effective in reducing the shocks and vibrations arising from friction. Air bearing technologies have salient features including higher rotational precision, longer service life, and remarkable thermal stability.
The growing penetration of precision machining and micro-machining, along with constant need for increasing the energy efficiency, is a key trend spurring the prospects for air bearings market. Rise in business demands for motion control applications for Industry 4.0 is a key factor behind the evolution of the air bearings market.
Partnerships and collaborations have shaped the evolving ecosystem of manufacturers and vendors in the air bearings market. In 2018, the market was valued at US$ 7.6 Bn. The revenue is projected to rise at CAGR of ~ 7% from 2019 to 2027.
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