A novel prediction method is proposed based on least squares support vector machine (LSSVM) to estimate the slewing bearing׳s degradation trend with small sample data. This method chooses the vibration signal which contains rich state information as the object of the study. Principal component analysis (PCA) was applied to fuse multi-feature vectors which could reflect the health state of slewing bearing, such as root mean square, kurtosis, wavelet energy entropy, and intrinsic mode function (IMF) energy. The degradation indicator fused by PCA can reflect the degradation more comprehensively and effectively. Then the degradation trend of slewing bearing was predicted by using the LSSVM model optimized by particle swarm optimization (PSO). The proposed method was demonstrated to be more accurate and effective by the whole life experiment of slewing bearing. Therefore, it can be applied in engineering practice.