The global market for Commercial Aircraft PMA was valued at US$11.4 Billion in 2024 and is projected to reach US$14.0 Billion by 2030, growing at a CAGR of 3.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the commercial aircraft PMA market is driven by several factors, including technological advancements, the expanding global fleet of commercial aircraft, and shifting consumer behavior towards cost-effective maintenance solutions. The proliferation of advanced materials and manufacturing technologies has allowed PMA manufacturers to produce high-quality parts that meet stringent regulatory standards. Furthermore, the global commercial aircraft fleet is continually expanding, driven by increased air travel demand, particularly in emerging markets. This expansion necessitates a greater supply of replacement parts, bolstering the PMA market. Additionally, airlines are increasingly adopting more strategic approaches to fleet maintenance and lifecycle management, prioritizing cost efficiency and reliability, which aligns with the benefits offered by PMA parts. These factors, combined with the rising trend of third-party maintenance providers leveraging PMA parts to offer competitive maintenance solutions, are propelling the market forward, ensuring a robust and dynamic growth trajectory.
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.
Global Commercial Aircraft PMA Market - Key Trends & Drivers Summarized
Parts Manufacturer Approval (PMA) in the commercial aircraft industry is a certification granted by the Federal Aviation Administration (FAA) that allows a manufacturer to produce and sell replacement parts for aircraft. This process ensures that the parts meet stringent safety and performance standards, similar to the original equipment manufacturer (OEM) parts. PMA parts can range from simple components like bolts and fasteners to complex assemblies such as engine components and avionics systems. Over the years, PMA has evolved into a critical element of the aviation supply chain, providing airlines with cost-effective alternatives to OEM parts without compromising on quality or safety. The increased adoption of PMA parts is also supported by rigorous testing and compliance procedures that ensure they meet or exceed the performance of their OEM counterparts.The growth in the commercial aircraft PMA market is driven by several factors, including technological advancements, the expanding global fleet of commercial aircraft, and shifting consumer behavior towards cost-effective maintenance solutions. The proliferation of advanced materials and manufacturing technologies has allowed PMA manufacturers to produce high-quality parts that meet stringent regulatory standards. Furthermore, the global commercial aircraft fleet is continually expanding, driven by increased air travel demand, particularly in emerging markets. This expansion necessitates a greater supply of replacement parts, bolstering the PMA market. Additionally, airlines are increasingly adopting more strategic approaches to fleet maintenance and lifecycle management, prioritizing cost efficiency and reliability, which aligns with the benefits offered by PMA parts. These factors, combined with the rising trend of third-party maintenance providers leveraging PMA parts to offer competitive maintenance solutions, are propelling the market forward, ensuring a robust and dynamic growth trajectory.
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.
Scope of the Study
The report analyzes the Commercial Aircraft PMA market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Engine, Component, Other Types).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Regional Analysis
Gain insights into the U.S. market, valued at $2.6 Billion in 2024, and China, forecasted to grow at an impressive 5.3% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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., HEICO Corporation, Parker Hannifin Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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?
Some of the 112 major companies featured in this Commercial Aircraft PMA market report include:
- 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. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
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
| Report Attribute | Details |
|---|---|
| No. of Pages | 336 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 11.4 Billion |
| Forecasted Market Value ( USD | $ 14 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
