Bearings
are machine elements that are primarily used for reducing friction
between moving parts. Instrumented bearings are integrated with
sensor units for measuring angular position of the rotatable ring
with respect to the fixed ring of the bearing. The information
collected through these sensors are used in various applications such
as anti lock braking system, adaptive cruise control, tire pressure
monitoring system and other industrial sectors.
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Instrumented Bearing Market Report with Full TOC at
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The
global instrumented bearing market is expected to witness substantial
growth during the forecast period. This is due to the increasing
demand of bearings across various application sectors such as
automotive, defense and aerospace and industrial sector. The increase
in automobile production globally is stimulating the growth in demand
for instrumented bearings and associated components. Instrumented
bearings are used in various automotive systems such as antilock
braking systems (ABS) and electronic stability control (ESC) among
others. Aerospace equipment was the fastest revenue generating
end-use segment in 2014.
Factors
such as rising demand from defense and aerospace industries and need
for energy efficient solutions in various industries is also expected
to influence the market growth. Aerospace equipment requires
specialized bearings that are used for mission critical applications.
These bearings need to be monitored very closely in order to ensure
zero error operability.
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Asia
Pacific led the global instrumented bearing market in 2014 and the
region is expected to continue its dominance in 2020. The region’s
dominance is due to growing industrialization in countries such as
China, India, Japan, and South Korea. Moreover, increasing motor
vehicle production in the region is further contributing to the
growth of instrumented bearing market in Asia Pacific. North America
and Europe followed Asia Pacific in the global instrumented bearing
market to collectively account for more than 40% of the global market
revenue share in 2014. Europe registered fastest growth from 2014 to
2020, owing to its flourishing automobile industry.
This
market research study analyzes the instrumented bearing market on a
global level and provides estimates in terms of revenue (USD million)
from 2014 to 2020. It recognizes the drivers and restraints affecting
the industry and analyzes their impact over the forecast period.
Moreover, it identifies the significant opportunities for market
growth in the coming years. The report will help manufacturers,
suppliers and distributors understand the present and future trends
in this market and formulate their strategies accordingly.
The
market has been segmented on the basis of geography as North America,
Europe, Asia-Pacific (APAC) and Rest of the World (RoW), and these
have been estimated in terms of revenue (USD billion). In addition,
the report has segments based on end-use, which includes automotive,
aerospace equipment, power transmission equipment, construction
machinery, farm and gardening machinery, oilfield machinery and
others. It also has segments on the basis of product type which
includes instrumented ball bearings, instrumented plain bearings,
instrumented roller bearings and others. All these segments have also
been estimated on the basis of geography in terms of revenue (USD
million).
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Press Release Instrumented Bearing Market
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For
better understanding of the instrumented bearing market, we have
given a detailed analysis of the supply chain. A detailed Porter’s
five forces analysis has been given for the better understanding of
the intensity of the competition present in the market. Furthermore,
the study comprises a market attractiveness analysis, where the
applications are benchmarked based on their market scope, growth rate
and general attractiveness.
The
report provides company market share analysis of various industry
participants. The key players have also been included on the basis of
regions including North America, Europe, Asia Pacific and Rest of the
World. Major market participants mentioned in this report include SKF
Group, Schaeffler Group, The Timken Company, NTN Corporation, JTEKT
Corporation, NSK Ltd., and others.
Instrumented
Bearing Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Instrumented
Bearing Market: By type
- Ball Bearing
- Plain Bearing
- Roller Bearing
- Others
Instrumented
Bearing Market: By end-use
- Automotive
- Aerospace equipment
- Power transmission equipment
- Construction machinery
- Farm and garden machinery
- Oilfield machinery
- Other machineries
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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