Market Research Logo

Commercial Aircraft PMA: Forecast and Market Analysis 2015-2019

About commercial aircraft PMA

An aircraft PMA is an approved replacement for the original part provided by an OEM, conforming to the FAA design and produced under the FAA approved production process. Since the 1950s, the FAA has been granting PMA to third-party manufacturers to produce replacement parts for aircraft. Without PMA, aircraft parts would be exclusively designed and manufactured by OEMs, giving them a monopoly in the aircraft aftermarket parts market. Approved parts are now being manufactured for almost every ATA chapter, a common referencing standard for aircraft parts, on an aircraft.

Technavio's analysts forecast the global commercial aircraft PMA market to grow at a CAGR of 7.95% over the period 2014-2019.

Covered in this report

In this report, Technavio covers the present scenario and growth prospects of the global commercial aircraft PMA market for the period 2015-2019. It presents the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, it discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, as well as the key trends emerging in the market.

Technavio's report, Global Commercial Aircraft PMA Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA, and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • AMETEK
  • Parker Hannifin
  • Pratt & Whitney
  • Precision Castparts
  • Rockwell Collins
Other prominent vendors
  • Able Engineering & Component Services
  • Adpma
  • Aero Brake & Spares
  • Airforms
  • AirGroup America
  • Aviation Component Solutions
  • B/E Aerospace
  • Chromalloy
  • Dixie Aerospace
  • HEICO
  • Kapco Global
  • Spirit AeroSystems
  • Triumph Group
  • Wencor Group
  • Zodiac Aerospace
Key market driver
  • Growing online aviation spare parts platforms
  • For a full, detailed list, view our report
Key market challenge
  • Opposition from OEMs and leasing companies
  • For a full, detailed list, view our report
Key market trend
  • Improvement in regulatory processes regarding the acceptance of PMA parts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Commercial Aircraft Parts Manufacturer Approval Market: Ametek, Parker Hannifin, Pratt & Whitney, Precision Castparts and Rockwell Collins
Other Prominent Vendors in the market are: Able Engineering & Component Services, Adpma, Aero Brake & Spares, Airforms, AirGroup America, Aviation Component Solutions, B/E Aerospace, Chromalloy, Dixie Aerospace, Heico, Kapco Global, Spirit AeroSystems, Triumph Group, Wencor Group and Zodiac Aerospace
Commenting on the report, an analyst from Technavio’s team said: “Aircraft and engine lessors oppose the use of PMA parts in their aircraft. OEMs ongoing initiatives aimed at preventing PMA vendors and aircraft surplus parts brokers from encroaching on OEMs' market share. However, these initiatives have financially affected aircraft and engine lessors, who support OEMs against the use of PMA parts. The main issue in the aircraft leasing business, especially the engine leasing sector, is the financial impact of OEM initiatives on aircraft and engine lessors. However, the lessors are not the actual target. For example, the end-of-life target for both aircraft and engine lessors is to sell their aircraft and engines to parts brokers, which are then recycled back to the MRO industry in the form of parts and components. However, OEMs do not provide technical support if any non-OEM parts are installed in the engine, thus making the warranty void. Also, OEMs do not accept such components into their MRO systems. This largely undermines the value of the asset for aircraft and engine leasing companies.”
According to the report, the demand for PMA parts has increased with their growing acceptance. However, locating and acquiring the parts is not easy as there are numerous PMA vendors in the global market. E-platforms for aircraft aftermarket parts help airlines locate relevant suppliers at any time when there is a deficit of specific parts. The ease of availability of parts can prevent expensive AOG situations. These platforms not only help customers find the necessary parts, but also allow them to confirm availability, place an order, and track the shipment.
Further, the report states that certain challenges restrict the market, including the difficulties associated with the use of PMA parts and designated engineering representative (DER) repairs.

Companies Mentioned

Ametek, Parker Hannifin, Pratt & Whitney, Precision Castparts, Rockwell Collins, Able Engineering & Component Services, Adpma, Aero Brake & Spares, Airforms, AirGroup America, Aviation Component Solutions, B/E Aerospace, Chromalloy, Dixie Aerospace, Heico, Kapco Global, Spirit AeroSystems, Triumph Group, Wencor Group, Zodiac Aerospace

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global commercial aircraft parts manufacturer approval market
    • Market size and forecast
      • Table Global commercial aircraft parts manufacturer approval market ($ millions)
    • Five forces analysis
      • Table Five forces analysis
      • Table Global aerospace and defense supply chain system
      • Table Global aerospace and defense value chain system
  • Market segmentation by PMA parts
    • Segmentation of global commercial aircraft parts manufacturer approval market by PMA parts
      • Table Segmentation of market by PMA parts 2014
      • Table Segmentation of market by PMA parts 2019
      • Table Segmentation of market by PMA parts 2014 and 2019 ($ millions)
      • Table Segmentation of market by PMA parts 2014 and 2019
  • Geographical segmentation
    • Geographical segmentation of global commercial aircraft parts manufacturer approval market
      • Table Geographical segmentation of market 2014
      • Table Geographical segmentation of market 2019
      • Table Geographical segmentation of market 2014-2019 ($ millions)
      • Table Geographical segmentation of market 2014-2019
    • Commercial aircraft parts manufacturer approval market in Americas
      • Table Commercial aircraft parts manufacturer approval market in Americas 2014-2019 ($ millions)
    • Commercial aircraft parts manufacturer approval market in EMEA
      • Table Commercial aircraft parts manufacturer approval market in EMEA 2014-2019 ($ millions)
    • Commercial aircraft parts manufacturer approval market in APAC
      • Table Commercial aircraft parts manufacturer approval market in APAC 2014-2019 ($ millions)
  • Market drivers
    • Growth of online aviation spare parts platforms
    • Rise in number of aircraft in service
    • Increased acceptance of PMA parts worldwide
    • Cost-effectiveness of PMA parts
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in global commercial aircraft parts manufacturer approval market
    • Key news
    • Other prominent vendors
  • Key vendor analysis
    • Ametek
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2013
    • Parker Hannifin
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2012 and 2013 ($ billions)
      • Table Geographical segmentation by revenue 2014
    • Pratt & Whitney
    • Precision Castparts
      • Table Business segmentation by revenue 2015
      • Table Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Geographical segmentation by revenue 2015
      • Table Market segmentation by revenue 2015
    • Rockwell Collins
      • Table Business segmentation by revenue 2014
      • Table Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviation
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report