Global Aircraft Parts Manufacturers Market

Description

List of Tables

The PMA (Parts Manufacturer Approval ) forms an integral segment of the Aircraft parts manufacturing industry. Its parts and designated engineering representative (DER) repairs are a part of aftermarket service products provided by third-party organizations which are certified by the FAA (Federal Aviation Administration). The FAA deems these parts interchangeable with original equipment manufacturer (OEM) parts or repairs. Present market trends suggest that all key U.S. carriers use PMA parts and DER repairs in their fleets. This practice is followed to introduce competition, optimize cost and maintain a steady supply of parts and services. Operational airlines have to ensure the timely repair of parts and components to ensure the robust functioning of a given aircraft.

It is noted that within the United States, it is generally considered illegal to install a replacement or modify parts on an aircraft without an airworthiness receipt within the aircraft parts manufacturing industry. The two main kinds of airworthiness stamps or parts manufacturing approval within this market are noted to be Supplemental Type Certificate (STC) or Parts Manufacturing Approval (PMA). It is noted that PMA holding manufacturers are allowed to retrofit or make changes to a given aircraft though they are not the OEM that designed and developed the same. The process is noted to be analogous to aftermarket parts for the automobile market.

Major factors driving the growth of the market:

One of the major factors that drive the growth associated with the aircraft PMA parts market is the growth of the global MRO and aftermarket vertical. The instating of PMA opens the market for third-party suppliers of parts and services thus increasing the competition within the MRO segment. The increased remodeling and refurbishing of old aircraft models is noted to be one of the key factors which are poised to drive the global aircraft PMA parts market.

Trends influencing the growth of the market:

Growing trade and geo-political relations across the global markets are noted to be some of the key factors which are poised to drive the growth associated with this market. The instating of policies and norms that facilitate the operation of PMA is noted to be a primary driver for the commercial aircraft PMA market. With the majority of its major trading partners, the United States has bilateral aviation safety agreements (BASA), and according to their standard language, these trading partners must treat FAA-PMA as an importable aircraft part that is airworthy and qualified for installation on aircraft registered in the importing jurisdiction. The International Air Transport Association (IATA), which has written a guide on accepting PMA parts, has helped to expedite this procedure.

It should be anticipated that other jurisdiction will soon enter the PMA market since they have implemented PMA legislation and are collaborating with trading partners to gain approval for their PMA sectors. The shipment of these parts to the United States as airworthy aircraft parts is, for instance, permitted by Japan's PMA laws and bilateral agreement with the United States.

Market Dynamics:

One key factor which is poised to drive the growth associated with the global MRO market is the expanding commercial aviation fleet globally. As per Boeing, in 2019 there were 25,900 aircraft in the world's active commercial fleet. The market is expected to see an 82% increase in jets between then and 2041 when the value of the world's commercial fleet will reach 47,080. The growth in air passenger demand and the increased affordability of flights is noted to be the key factors that are poised to drive growth.

Developments:

RAND was noted to have conducted a study that compared the OEM parts and services provided for two engines in specific which were used in the commercial aviation segment, they were noted to be CF6-50 and CFM56-2. It was noted that the engine overhaul costs of the CF6-50 were reduced by a value of roughly 20-25% due to the incorporation of PMA parts and DER repairs. The study stated that the substitute PMA part was used only occasionally for the CFM56-2 however, significant cost optimization was obtained as a result of this design decision.

The study also stated that there were certain limitations associated with the implementation of PMA, i.e. there was an imminent risk associated with the failure of PMA parts. Another perceived risk was the response of non-OEM vendors to OEM vendors within the market, i.e. the increased proliferation of PMA suppliers is poised to drive the competition within the commercial aviation aftermarket.

Product Code: AND080

Market Definition

Market Segmentation

By Region

By Aircraft Type

By Component

10 Year Market Outlook

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Market Forecast

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Market Trends & Forecast

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2023-2033
Table 2: Drivers, Impact Analysis, North America
Table 3: Restraints, Impact Analysis, North America
Table 4: Challenges, Impact Analysis, North America
Table 5: Drivers, Impact Analysis, Europe
Table 6: Restraints, Impact Analysis, Europe
Table 7: Challenges, Impact Analysis, Europe
Table 8: Drivers, Impact Analysis, Middle East
Table 9: Restraints, Impact Analysis, Middle East
Table 10: Challenges, Impact Analysis, Middle East
Table 11: Drivers, Impact Analysis, APAC
Table 12: Restraints, Impact Analysis, APAC
Table 13: Challenges, Impact Analysis, APAC
Table 14: Drivers, Impact Analysis, South America
Table 15: Restraints, Impact Analysis, South America
Table 16: Challenges, Impact Analysis, South America
Table 17: Scenario Analysis, Scenario 1, By Region, 2023-2033
Table 18: Scenario Analysis, Scenario 1, By Aircraft Type, 2023-2033
Table 19: Scenario Analysis, Scenario 1, By Component, 2023-2033
Table 20: Scenario Analysis, Scenario 2, By Region, 2023-2033
Table 21: Scenario Analysis, Scenario 2, By Aircraft Type, 2023-2033
Table 22: Scenario Analysis, Scenario 2, By Component 2023-2033

List of Figures

Figure 1: Global Aircraft Parts Manufacturers Forecast, 2023-2033
Figure 2: Global Aircraft Parts Manufacturers Forecast, By Region, 2023-2033
Figure 3: Global Aircraft Parts Manufacturers Forecast, By Aircraft Type, 2023-2033
Figure 4: Global Aircraft Parts Manufacturers Forecast, By Component, 2023-2033
Figure 5: North America, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 6: Europe, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 7: Middle East, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 8: APAC, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 9: South America, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 10: United States, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 11: United States, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 12: Canada, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 13: Canada, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 14: Italy, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 15: Italy, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 16: France, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 17: France, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 18: Germany, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 19: Germany, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 20: Netherlands, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 21: Netherlands, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 22: Belgium, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 23: Belgium, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 24: Spain, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 25: Spain, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 26: Sweden, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 27: Sweden, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 28: Brazil, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 29: Brazil, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 30: Australia, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 31: Australia, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 32: India, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 33: India, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 34: China, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 35: China, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 36: Saudi Arabia, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 37: Saudi Arabia, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 38: South Korea, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 39: South Korea, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 40: Japan, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 41: Japan, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 42: Malaysia, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 43: Malaysia, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 44: Singapore, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 45: Singapore, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 46: United Kingdom, Aircraft Parts Manufacturers, Technology Maturation, 2023-2033
Figure 47: United Kingdom, Aircraft Parts Manufacturers, Market Forecast, 2023-2033
Figure 48: Opportunity Analysis, Aircraft Parts Manufacturers, By Region (Cumulative Market), 2023-2033
Figure 49: Opportunity Analysis, Aircraft Parts Manufacturers, By Region (CAGR), 2023-2033
Figure 50: Opportunity Analysis, Aircraft Parts Manufacturers, By Aircraft Type (Cumulative Market), 2023-2033
Figure 51: Opportunity Analysis, Aircraft Parts Manufacturers, By Aircraft Type (CAGR), 2023-2033
Figure 52: Opportunity Analysis, Aircraft Parts Manufacturers, By Component (Cumulative Market), 2023-2033
Figure 53: Opportunity Analysis, Aircraft Parts Manufacturers, By Component (CAGR), 2023-2033
Figure 54: Scenario Analysis, Aircraft Parts Manufacturers, Cumulative Market, 2023-2033
Figure 55: Scenario Analysis, Aircraft Parts Manufacturers, Global Market, 2023-2033
Figure 56: Scenario 1, Aircraft Parts Manufacturers, Total Market, 2023-2033
Figure 57: Scenario 1, Aircraft Parts Manufacturers, By Region, 2023-2033
Figure 58: Scenario 1, Aircraft Parts Manufacturers, By Aircraft Type , 2023-2033
Figure 59: Scenario 1, Aircraft Parts Manufacturers, By Component, 2023-2033
Figure 60: Scenario 2, Aircraft Parts Manufacturers, Total Market, 2023-2033
Figure 61: Scenario 2, Aircraft Parts Manufacturers, By Region, 2023-2033
Figure 62: Scenario 2, Aircraft Parts Manufacturers, By Aircraft Type, 2023-2033
Figure 63: Scenario 2, Aircraft Parts Manufacturers, By Component, 2023-2033
Figure 64: Company Benchmark, Aircraft Parts Manufacturers, 2023-2033

Global Aircraft Parts Manufacturers Market

Description

Table of Contents

List of Tables

Major factors driving the growth of the market:

Trends influencing the growth of the market:

Market Dynamics:

Developments:

Table of Contents

List of Tables

List of Figures