PUBLISHER: IMARC | PRODUCT CODE: 1451812
PUBLISHER: IMARC | PRODUCT CODE: 1451812
Commercial Aircraft Parts Manufacturer Approval (PMA) Market by Type (Engine, Component, and Others), Application (Small Widebody, Medium Widebody, Large Widebody), and Region 2024-2032
The global commercial aircraft parts manufacturer approval (PMA) market size reached US$ 11.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032. The flourishing growth of the aviation sector, the implementation of a favorable regulatory framework, the aging aircraft fleet, the relatively low cost of PMA-made parts, and significant technological advancements in manufacturing processes represent some of the key factors driving the market.
Commercial aircraft parts manufacturer approval (PMA) is a certification granted by aviation regulatory authorities to manufacturers of aircraft parts that are intended to be used as alternatives to original equipment manufacturer (OEM) parts. PMA allows manufacturers to produce and sell parts that meet the same quality and safety standards as OEM parts but at a lower cost. PMA parts offer cost savings to aircraft operators and maintenance providers without compromising safety or performance. The PMA process involves rigorous evaluation of manufacturing processes, materials, testing procedures, and quality control systems to ensure that the parts meet the required standards for airworthiness and reliability.
Commercial Aircraft Parts Manufacturer Approval (PMA) Market Trends:
The bolstering growth of the aviation industry due to the increasing number of air passengers represents one of the prime factors driving the market growth. In line with this, as airlines expand their routes, they require more aircraft and parts to support their operations, thus creating a favorable outlook for the market. Moreover, the shifting preference for cost-effective PMA parts over OEM parts among airlines and maintenance providers looking to reduce operational expenses without compromising safety or performance is acting as another major growth-inducing factor. Concurrent with this, a growing number of aircraft in operation are reaching or exceeding their designed lifespan, leading to increased maintenance needs, which, in turn, is presenting remunerative growth opportunities for the market. In addition to this, various regulatory authorities, such as the Federal Aviation Administration (FAA) in the United States, support the use of PMA parts if they meet the mandated safety and quality standards, which is propelling the market forward. Besides this, the significant expansion of the maintenance, repair, and overhaul (MRO) market driven by the introduction of stringent safety standards and the need for regular maintenance is contributing to the market growth. Furthermore, ongoing technological advancements allowing PMA manufacturers to produce high-quality parts that meet or exceed OEM standards and offer improved performance, durability, and reliability are positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global commercial aircraft parts manufacturer approval (PMA) market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Engine
Component
Others
The report has provided a detailed breakup and analysis of the commercial aircraft parts manufacturer approval (PMA) market based on the type. This includes engine, component, and others. According to the report, engine represented the largest segment.
Application Insights:
Small Widebody
Medium Widebody
Large Widebody
A detailed breakup and analysis of the commercial aircraft parts manufacturer approval (PMA) market based on the application has also been provided in the report. This includes small, medium, and large widebody.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for commercial aircraft parts manufacturer approval (PMA). Some of the factors driving the Asia Pacific commercial aircraft parts manufacturer approval (PMA) market included the aging aircraft fleet, supportive regulatory framework, and the relatively low cost of PMA-made parts.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global commercial aircraft parts manufacturer approval (PMA) market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Able Aerospace Services Inc. (Textron Company), Adpma LLC, Aero Brake & Spares Inc., Airforms Inc. (McFarlane Aviation LLC), Ametek Inc., Fluid Components International LLC, Heico Corporation, Lkd Aerospace LLC, Pma Aeroparts LLC, Spirit Aerosystems Inc., Wencor Group LLC, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global commercial aircraft parts manufacturer approval (PMA) market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global commercial aircraft parts manufacturer approval (PMA) market?
- What is the impact of each driver, restraint, and opportunity on the global commercial aircraft parts manufacturer approval (PMA) market?
- What are the key regional markets?
- Which countries represent the most attractive commercial aircraft parts manufacturer approval (PMA) market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the commercial aircraft parts manufacturer approval (PMA) market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the commercial aircraft parts manufacturer approval (PMA) market?
- What is the competitive structure of the global commercial aircraft parts manufacturer approval (PMA) market?
- Who are the key players/companies in the global commercial aircraft parts manufacturer approval (PMA) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Engine
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Component
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Small Widebody
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medium Widebody
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Large Widebody
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Able Aerospace Services Inc. (Textron Company)
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Adpma LLC
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Aero Brake & Spares Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Airforms Inc. (McFarlane Aviation LLC)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Ametek Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.6 Fluid Components International LLC
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Heico Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Lkd Aerospace LLC
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Pma Aeroparts LLC
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Spirit Aerosystems Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Wencor Group LLC
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 Able Aerospace Services Inc. (Textron Company)
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Commercial Aircraft Parts Manufacturer Approval Market: Major Drivers and Challenges
- Figure 2: Global: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Commercial Aircraft Parts Manufacturer Approval Market: Breakup by Type (in %), 2023
- Figure 5: Global: Commercial Aircraft Parts Manufacturer Approval Market: Breakup by Application (in %), 2023
- Figure 6: Global: Commercial Aircraft Parts Manufacturer Approval Market: Breakup by Region (in %), 2023
- Figure 7: Global: Commercial Aircraft Parts Manufacturer Approval (Engine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Commercial Aircraft Parts Manufacturer Approval (Engine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Commercial Aircraft Parts Manufacturer Approval (Component) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Commercial Aircraft Parts Manufacturer Approval (Component) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Commercial Aircraft Parts Manufacturer Approval (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Commercial Aircraft Parts Manufacturer Approval (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Commercial Aircraft Parts Manufacturer Approval (Small Widebody) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Commercial Aircraft Parts Manufacturer Approval (Small Widebody) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Commercial Aircraft Parts Manufacturer Approval (Medium Widebody) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Commercial Aircraft Parts Manufacturer Approval (Medium Widebody) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Commercial Aircraft Parts Manufacturer Approval (Large Widebody) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Commercial Aircraft Parts Manufacturer Approval (Large Widebody) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: North America: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: North America: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: United States: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: United States: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Canada: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Canada: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Asia-Pacific: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Asia-Pacific: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: China: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: China: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Japan: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Japan: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: India: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: India: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: South Korea: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: South Korea: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Australia: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Australia: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Indonesia: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Indonesia: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Others: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Others: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Europe: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Europe: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Germany: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Germany: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: France: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: France: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: United Kingdom: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: United Kingdom: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Italy: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Italy: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Spain: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Spain: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Russia: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Russia: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Others: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Others: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Latin America: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Latin America: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Brazil: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Brazil: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Mexico: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Mexico: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Others: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Others: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Middle East and Africa: Commercial Aircraft Parts Manufacturer Approval Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Middle East and Africa: Commercial Aircraft Parts Manufacturer Approval Market: Breakup by Country (in %), 2023
- Figure 67: Middle East and Africa: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Global: Commercial Aircraft Parts Manufacturer Approval Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Commercial Aircraft Parts Manufacturer Approval Industry: Value Chain Analysis
- Figure 70: Global: Commercial Aircraft Parts Manufacturer Approval Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Commercial Aircraft Parts Manufacturer Approval Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Commercial Aircraft Parts Manufacturer Approval Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Commercial Aircraft Parts Manufacturer Approval Market: Competitive Structure
- Table 6: Global: Commercial Aircraft Parts Manufacturer Approval Market: Key Players
