Air Bearing Spindle Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Air Bearing Spindle Market Size

Introduction:

Air bearing spindle are the components of machine that uses a thin film of pressurized gas or air to provide frictionless load bearing support and motion between surfaces. Air bearing spindle enables faster rotation speeds and high-precision rotary motion with less interruption or possible down time due to zero mechanical wear. The two surfaces do not touch, thus avoiding the traditional bearing-related problems of friction, wear, particulates, and lubricant handling, and offer distinct advantages in precision positioning, such as lacking backlash and static friction, as well as in high-speed applications. Air bearings spindle are classified in two groups, depending on the source of pressurization of the air or gas film providing the load-carrying capacity: aerostatic air bearing spindle, and aerodynamic air bearing spindle. Factors such as increasing demand for high-precision machining in various industries and rising awareness about the benefits of air bearing spindle over conventional bearings which have been used for decades, are expected to drive the growth of air bearing spindle market.

The air bearing spindle market is anticipated to reach USD XXX.X million by 2030 from USD XXX.X million in 2021, at a CAGR of 5.5% during the forecast period.

The global air bearing spindle market is anticipated to experience a substantial growth due to increasing demand of air bearing spindle in various end-user industries due to their ability to generate high speed and acceleration without friction.

Growth Drivers:

Increasing application of air bearing spindle in various end-user industry, including automotive, aviation/space, marine, semiconductor, optics, electronics, metrology, oil & gas, and medical has fueled the demand for air bearing spindle. Air bearing spindle are used in in the production of PCBs (Printed Circuit Boards), semiconductor manufacturing, which requires high speed, short stroke precision with repositioning at the nanoscale level, and a controlled Environment.

The market is experiencing precision as it is entering in a new era of industrialization. The increasing need of accuracy, the advent of precision machining across a range of application sectors has created a demand for efficient components that allow precise operation. For the manufacturers, these air bearing spindle are the first option, which is likely to boost the air bearings spindle market.

The development of new technologies and technological advancements in the air bearing spindle to be more accurate. more powerful, and generate less heat than conventional ones, rising adoption of automation in the manufacturing sector is driving the growth of air bearing spindle market.

Rising investment from market players in research and development activities for new innovative product launches, development and improvements in some key areas of air bearing spindle are consistently redefining the boundaries and broadening the scope for the use of air bearing spindle are likely to create new opportunities for the market players operating in the air bearing spindle market during the forecast period.

Air Bearing Spindle Market Segmentation:

By Type:

·         Aerostatic Air Bearing Spindle

o   Porous Media

o   Micro-Nozzle

o   Orifice Type

o   Air Caster

·         Aerodynamic Air Bearing Spindle

o   Foil Bearing

o   Spiral Groove Bearing

By Speed Capacity:

·         Below 1000 Rpm

·         1000-60000 Rpm

·         Above 60000 Rpm

By Application:

·         Precision Metal Tools

·         High Speed Machines

·         Coordinate Measuring Machines

·         Others

By Distribution Channel:

·         Direct

·         Indirect

By End-User:

·         Aviation/Space

·         Marine

·         Automotive

·         Semiconductor

·         Medical

·         Machine Tools

·         Wastewater Management

·         Others 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Air Bearing Spindle Market by Type Review:

Based on the type, the air bearing spindle market is segmented into two segments: aerostatic air bearing spindle which is further sub-segmented into porous media, micro-nozzle, orifice type, and air caster., and aerodynamic air bearing spindle which is further sub- segmented into foil bearing and spiral groove bearing. On the basis of type, aerostatic air bearing spindle is expected to dominate the market in terms of market share, while it is forecasted to grow at the highest rate in terms of CAGR during the forecast period. Aerostatic air bearing spindle offers high speed and acceleration with accurate rotation. These bearings are less rigid and handle small load capacity with ease. These benefits of aerostatic air bearing spindle over others is likely to drive the market growth of this segment

Air Bearing Spindle Market by Speed Capacity Review:

Based on the speed capacity, the air bearing spindle market is segmented into: below 1000 rpm,

1000-60000 rpm, and above 60000 rpm. On the basis of speed capacity, the below 1000rpm have the largest share in market, while the segment is expected to grow at fastest CAGR during the forecast period.

Air Bearing Spindle Market by Application Review:

Based on the application the air bearing spindle market is segmented into: precision metal tools, high speed machines, coordinate measuring machines, and others. On the basis of application, the precision metal tools segment is expected to be the largest in terms of market share, while the segment is projected to grow at the fastest rate in terms of CAGR during the forecast period. Precision metal Tool as it is used in providing rotatory motion to the bearings. It is made up of accurate measurements which provide a low error in motion, high-speed rotation, resistance to crash, without any noise, frictionless movements, and does not require lubrication. Hence there is a rising demand of precision metal Tool in the market.

Air Bearing Spindle Market by Distribution Channel Review:

Based on the distribution channel, the air bearing spindle market is segmented into direct and indirect. On the basis of distribution channel, the direct segment is expected to be the largest in terms of market share, while the segment is projected to grow at the fastest rate in terms of CAGR during the forecast period.

Air Bearing Spindle Market by End-User Review:

Based on end user, the air bearing spindle market is segmented into aviation/space, marine, automotive, semiconductor, medical, machine tools, wastewater management, and others. On the basis of end-user, the medical segment is expected to be the largest in terms of market share, while the segment is projected to grow at the fastest rate in terms of CAGR during the forecast period.

Regional Outlook:

The air bearing spindle market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

The North America region is forecasted to maintain its dominant position in the global air bearing spindle market during the forecast period. The region has a well-established and one of the largest automotive, aviation/space, and electronics industry in the world. Strong growth in these industries has fueled the demand of air bearing spindle for different application, which is likely to boost the air bearing spindle market in the region. Within the North America, United States and Canada are seen to hold a dominant portion of the air bearing spindle market due to strong economic growth and presence of major air bearing spindle market players including PI Nelson Air Corp, Novanta Inc., OAV Air Bearings, and others.

Asia Pacific is expected to grow at the highest CAGR during the forecast period 2022-2030. The growth attributed to the expansion of aviation/space industries in the region and massive consumption of semiconductors majorly in the smartphone industry. China’s strong industrial manufacturing is anticipated to provide massive opportunities for the air bearing spindle market.

The Europe regional air bearing spindle market is expected to witness significant growth during the forecast period 2022-2030.There is growth in the air bearing spindle market in European countries as they are expanding the oil and gas sector in the countries like Frost& Sullivan and Poland.

Key Companies in Air Bearing Spindle Market:

The research report offers a competitive analysis of prominent companies operating in the air bearing spindle market. Some of the leading players profiled in the market research report include:

·         ABTech Inc.

·         Novanta Inc.

·         Air Bearings Ltd

·         PI Nelson Air Corp

·         Seagull Soutions Inc.

·         NTN Corporation

·         FME Corporation

·         NEW WAY air bearings

·         Professional Instruments Company

·         OAV Air Bearings

·         Other Players