Commercial Aircraft PMA

Global Commercial Aircraft PMA Market to Reach US$14.0 Billion by 2030

The global market for Commercial Aircraft PMA estimated at US$11.4 Billion in the year 2024, is expected to reach US$14.0 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2024-2030.

The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 5.3% CAGR

The Commercial Aircraft PMA market in the U.S. is estimated at US$2.6 Billion in the year 2024. 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 5.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.7% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

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 STUDY:

The report analyzes the Commercial Aircraft PMA market in terms of units by the following Segments, and Geographic Regions/Countries:

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.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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