The global commercial aircraft parts manufacturer approval (PMA) market size was valued at USD 11.4 Billion in 2024. Looking forward, the analyst estimates the market to reach USD 15.6 Billion by 2033, exhibiting a CAGR of 3.50% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 29.9% in 2024. The rapid expansion of the aviation sector, the stringent implementation of a favorable regulatory regulation, aging of the existing aircraft fleet, the comparatively 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.
2. How big is the global commercial aircraft parts manufacturer approval (PMA) market?
3. What is the expected growth rate of the global commercial aircraft parts manufacturer approval (PMA) market during 2025-2033?
4. What are the key factors driving the global commercial aircraft parts manufacturer approval (PMA) market?
5. What is the leading segment of the global commercial aircraft parts manufacturer approval (PMA) market based on the type?
6. What are the key regions in the global commercial aircraft Parts Manufacturer Approval (PMA) market?
7. Who are the key players/companies in the global commercial aircraft Parts Manufacturer Approval (PMA) 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:
This report 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 2025-2033. The report has categorized the market based on type and application.Type Insights:
- Engine
- Component
- Others
Application Insights:
- Small Widebody
- Medium Widebody
- 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
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
1. What is commercial aircraft parts manufacturer approval (PMA)?2. How big is the global commercial aircraft parts manufacturer approval (PMA) market?
3. What is the expected growth rate of the global commercial aircraft parts manufacturer approval (PMA) market during 2025-2033?
4. What are the key factors driving the global commercial aircraft parts manufacturer approval (PMA) market?
5. What is the leading segment of the global commercial aircraft parts manufacturer approval (PMA) market based on the type?
6. What are the key regions in the global commercial aircraft Parts Manufacturer Approval (PMA) market?
7. Who are the key players/companies in the global commercial aircraft Parts Manufacturer Approval (PMA) market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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