Instrumented Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Transparency Market Research

Instrumented Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date 2015-02-27

67 Page Report

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Global Instrumented Bearing Market is Expected to Reach USD 938.4 million in 2020

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Instrumented Bearing Market

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Instrumented Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

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.

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.

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Factors such as rising demand from defense and aerospace industries and need for energy efficient solutions in various...