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Commercial Aircraft PMA - Global Strategic Business Report

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    Report

  • 336 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1824102

Global Commercial Aircraft PMA Market to Reach $14 Billion by 2030

The global market for Commercial Aircraft PMA estimated at US$11 Billion in the year 2023, is projected to reach a revised size of US$14 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2023-2030.

The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 4.6% CAGR

The Commercial Aircraft PMA market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 112 Featured)

  • ADPma, LLC
  • Aero Brake & Spares, Inc.
  • AMETEK, Inc.
  • HEICO Corporation
  • Parker Hannifin Corporation
  • Precision Castparts Corporation
  • The Timken Company
  • TransDigm Group, Inc.
  • Triumph Group, Inc.
  • Wencor Group

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • PMA Parts: Challenging the Sheer Monopoly of OEMs in Replacement Part Domain
  • Global Economic Update
  • Skyrocketing Aircraft Part Prices Offer Pristine Opportunity to PMA Parts
  • Demand-Supply Gap for Aircraft Parts Moves the Needle towards PMA Parts
  • Competitive Scenario
  • Commercial Aircraft PMA - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • An Introduction to Commercial Aircraft Parts Manufacturer Approval (PMA)
  • Chronology of Regulations
  • Developments across Other Jurisdictions
  • Commercial Aircraft PMA Market to Scale New Heights with Rising Traffic & Expansion of Fleet Size : Global Market Prospects & Outlook
  • Air Travel Set to Touch Pre-Pandemic Levels
  • Weakening Global Trade as Key Challenge
  • Regional Analysis
  • World Commercial Aircraft PMA Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2030)
  • World Commercial Aircraft PMA Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Recovering Commercial Aviation Industry Brightens the Outlook
  • Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
  • Global Aircraft Deliveries by Region: 2021-2040
  • Air Passenger Traffic and Demand for Modern Aircraft Present Growth Opportunities for the Market
  • Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
  • Expanding Aircraft Fleet to Fuel Need for Aircraft PMA Components
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
  • Aging Aircraft Fleet and the Need for Fleet Upgrades and Replacement Parts & Components Presents Opportunities for Commercial Aircraft PMA
  • Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
  • Average Age (in Years) of Select Airlines Around the World
  • Recovery in Business & General Aviation Segment to Drive Gains
  • Business Aviation Market to Register Growth Despite Economic Volatility & Uncertainty
  • OEMs and PMAs Tussle for Larger Share in the Evolving MRO Market
  • Primary Factors Responsible for MRO Supply Chain Whirlwind
  • A Strong Aircraft MRO Market to Ensure Steady Demand Flow for Replacement Aircraft Parts & Components
  • A Recovering MRO Market Will Drive Aircraft PMA: Global Market for MRO (In US$ Million) for Years 2021, 2023, 2025, 2027
  • Global MRO Spending (In US$ Billion) by Segment for the Years 2020 & 2027
  • An Overview of Aircraft MRO Norms and Regulations
  • Engine MRO Segment Drives Aircraft PMA Market
  • Cost Competitive PMA Certified Parts Grow in Importance in the MRO Market
  • Threat of PMA Forces OEMs to Reevaluate their Role in the MRO Market
  • The Ever-Present Threat of Air Accidents Reinforces the Importance of MRO and Aircraft PMA
  • Select Trends in Aircraft Parts Manufacturing Sector
  • Additive Manufacturing Storms into the Spotlight in the Aerospace Sector
  • Blockchain Gains Spotlight for Aerospace Parts Tracking
  • Robots Set to Gain Adoption for Aircraft Assembly Rushing the Uptake of PMA Components
  • PMA Testing Services Offer Supporting Credentials for PMA
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Commercial Aircraft PMA Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Commercial Aircraft PMA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Commercial Aircraft PMA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Regional Analysis
III. MARKET ANALYSIS
UNITED STATES
  • Commercial Aircraft PMA Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 5: USA Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 6: USA Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CANADA
  • Table 7: Canada Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 8: Canada Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
JAPAN
  • Commercial Aircraft PMA Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 9: Japan Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 10: Japan Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CHINA
  • Commercial Aircraft PMA Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 11: China Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 12: China Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
EUROPE
  • Commercial Aircraft PMA Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 13: Europe Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: Europe Historic Review for Commercial Aircraft PMA by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: Europe 16-Year Perspective for Commercial Aircraft PMA by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
FRANCE
  • Table 16: France Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 17: France Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
GERMANY
  • Table 18: Germany Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: Germany Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ITALY
  • Table 20: Italy Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: Italy Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED KINGDOM
  • Table 22: UK Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: UK Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SPAIN
  • Table 24: Spain Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: Spain Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
RUSSIA
  • Table 26: Russia Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Russia Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF EUROPE
  • Table 28: Rest of Europe Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: Rest of Europe Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ASIA-PACIFIC
  • Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 31: Asia-Pacific Historic Review for Commercial Aircraft PMA by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 32: Asia-Pacific 16-Year Perspective for Commercial Aircraft PMA by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
AUSTRALIA
  • Table 33: Australia Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 34: Australia Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
INDIA
  • Table 35: India Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 36: India Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SOUTH KOREA
  • Table 37: South Korea Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 38: South Korea Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF ASIA-PACIFIC
  • Table 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 40: Rest of Asia-Pacific Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
LATIN AMERICA
  • Table 41: Latin America Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 42: Latin America Historic Review for Commercial Aircraft PMA by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 43: Latin America 16-Year Perspective for Commercial Aircraft PMA by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2024 & 2030
ARGENTINA
  • Table 44: Argentina Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Argentina Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
BRAZIL
  • Table 46: Brazil Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 47: Brazil Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MEXICO
  • Table 48: Mexico Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 49: Mexico Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF LATIN AMERICA
  • Table 50: Rest of Latin America Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Rest of Latin America Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MIDDLE EAST
  • Table 52: Middle East Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 53: Middle East Historic Review for Commercial Aircraft PMA by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 54: Middle East 16-Year Perspective for Commercial Aircraft PMA by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2024 & 2030
IRAN
  • Table 55: Iran Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 56: Iran Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ISRAEL
  • Table 57: Israel Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 58: Israel Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SAUDI ARABIA
  • Table 59: Saudi Arabia Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 60: Saudi Arabia Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED ARAB EMIRATES
  • Table 61: UAE Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 62: UAE Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF MIDDLE EAST
  • Table 63: Rest of Middle East Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 64: Rest of Middle East Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
AFRICA
  • Table 65: Africa Recent Past, Current & Future Analysis for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 66: Africa Historic Review for Commercial Aircraft PMA by Segment - Commercial Aircraft PMA Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ADPma, LLC
  • Aero Brake & Spares, Inc.
  • AMETEK, Inc.
  • HEICO Corporation
  • Parker Hannifin Corporation
  • Precision Castparts Corporation
  • The Timken Company
  • TransDigm Group, Inc.
  • Triumph Group, Inc.
  • Wencor Group

Table Information