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.
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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
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