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Commercial Aircraft PMA - Global Strategic Business Report

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    Report

  • 336 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1824102
The global market for Commercial Aircraft PMA is estimated at US$11.0 Billion in 2023 and is projected to reach US$14.0 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Another reason behind increasing prominence of PMA parts is the continued global events which are compelling airline carriers and aircraft owners to cut costs drastically. Some of those events including terrorist attacks on US soil, the Middle Eastern wars and wars in other places, increasing international terrorism and US’ war on such terrorism, the SARS pandemic, natural disasters and calamities among several others. All these events intermittently slowed down tourism and travel, reducing income and profits for airlines. Airlines suffered due to high maintenance costs alongside reduced profits. Maintenance has been outsourced by many, to the MROs, for cutting costs.

Regional Analysis:

Gain insights into the U.S. market, estimated at $2.6 Billion in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Commercial Aircraft PMA Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Commercial Aircraft PMA Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Commercial Aircraft PMA Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ADPma, LLC, Aero Brake & Spares, Inc., AMETEK, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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