Global Commercial Aircraft PMA Market to Reach US$14 Billion by the Year 2026

·17 min read

Abstract: Global Commercial Aircraft PMA Market to Reach US$14 Billion by the Year 2026 PMA is a production approval related to replacement aircraft components and parts, with PMA products representing modification and replacement parts used on qualified products.

New York, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Commercial Aircraft PMA Industry" - https://www.reportlinker.com/p05906239/?utm_source=GNW
In addition, commercial aircraft PMA is an authorized alternative for OEM-approved original components and parts. Airlines operating these aircraft must ensure timely repair and maintenance services for keeping aircraft fuel-efficient and lower carbon emissions. Growth in the global market is attributed to anticipated increase in passenger traffic and expansion of the commercial aircraft fleet size. The commercial aircraft PMA market declined in 2020 because of COVID-19 pandemic that disrupted supply chains, leading to flight cancellation and coercing governments to enforce travel bans to curtail spread of the virus. The pandemic coerced various airlines to retire aircraft earlier for reducing operating and maintenance costs. The decision resulted in influx of USM and rotatable parts that reentered into the market through USM providers and PMA holders. These developments are now benefitting the commercial aircraft PMA market, which is likely to also gain from rising passenger traffic and government support to the aviation industry across developing markets post the pandemic.

Amid the COVID-19 crisis, the global market for Commercial Aircraft PMA estimated at US$10.5 Billion in the year 2020, is projected to reach a revised size of US$14 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. In orders to recover from the impact of COVID-19 and tap lucrative opportunities, companies are targeting rapidly growing segments while maintaining consistent focus on slow-growing categories. Increasing consolidation of the market due to takeover of local manufacturers and suppliers by leading players is expected to intensify competition.

The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $2.9 Billion by 2026

The Commercial Aircraft PMA market in the U.S. is estimated at US$2.6 Billion in the year 2021. The country currently accounts for a 23.7% share in the global market. China, the world second`s largest economy, is forecast to reach an estimated market size of US$2.9 Billion in the year 2026 trailing a CAGR of 7.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$3.1 Billion by the end of the analysis period. Led by China, the Asia-Pacific region is receiving a notable impetus from increasing passenger traffic coupled with ongoing efforts by countries like Vietnam and India to support the aviation industry. With over 8,000 in-serve commercial aircraft in 2020, Asia-Pacific accounted for nearly one-third of the overall commercial aircraft fleet globally. While the region has made significant progress in terms of expansion of fleet size, the average age of the aircraft fleet is expected to increase consistently. The scenario along with the need for part replacement and aircraft maintenance is creating strong demand for various PMA parts.


Select Competitors (Total 83 Featured)

  • BAE Systems PLC

  • HEICO Corporation

  • Parker Hannifin Corporation

  • Precision Castparts Corporation

  • The Timken Company

  • TransDigm Group, Inc.

  • TransDigm Group, Inc.

  • Triumph Group, Inc.

  • United Technologies Corporation (UTC)

  • Wencor Group




Read the full report: https://www.reportlinker.com/p05906239/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Pandemic Dents Prospects in the Aviation Industry
EXHIBIT 2: COVID-19 Pandemic Dents Airline Revenues: Commercial
Airline Revenue Growth (in %) for 2010-2020
EXHIBIT 3: Global Airlines Performance by Region: 2020 Vs 2019
Drop in Aviation Sector Impacts Demand for Commercial Aircraft
PMA Components Market
Impact on Commercial Aviation Maintenance Market
Staged Recovery over Long-Term
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
Regional Analysis
EXHIBIT 4: World Commercial Aircraft PMA Market by Region:
Percentage Breakdown of Sales for Developed and Developing
Regions (2021 & 2027)
EXHIBIT 5: World Commercial Aircraft PMA Market - Geographic
Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-
Pacific, Latin America, Middle East, Africa, USA, Europe,
Canada, and Japan
Competitive Scenario
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Commercial Aviation Industry: The Barometer of Health of the
Aircraft PMA Market
Air Passenger Traffic and Demand for Modern Aircraft Present
Long-term Growth Opportunities for the Market
EXHIBIT 6: Global Airline Industry: Number of Scheduled
Passengers Boarded (in Million) for 2010-2020E
Key Market Trends in the Commercial Aircraft PMA Market
The Global Commercial Aircraft Market: The Current Scenario
Expanding Aircraft Fleet to Fuel Need for Aircraft PMA Components
EXHIBIT 7: Global Commercial Aircraft Fleet Projections:
Breakdown of Fleet (in Units) by Region for 2019 and 2039
Aging Fleet Presents Opportunities for Commercial Aircraft PMA
EXHIBIT 8: Average Age (in Years) of Globally Operating
Aircraft Fleet for 2020 & 2030
EXHIBIT 9: Average Age (in Years) of Select Airlines Around the
World
Business & General Aviation Segment Poised to Lead Future
Growth in the Aircraft PMA Market
EXHIBIT 10: Number of General Aviation Aircrafts Produced
Worldwide for the Years 2010, 2012, 2014, 2016 and 2019
EXHIBIT 11: Global General Aviation Market: Revenue Share
(in %) by Aircraft Type for 2019
Component & Parts Replacement Demand Supports Growth
Aircraft MRO Services? Importance in Airworthiness Management
to Drive Opportunities
EXHIBIT 12: When Aircraft Queue-Up in Hangars Across the World
After Idling for Months, A Recovering MRO Market Will Drive
Aircraft PMA: Global Market for MRO (In US$ Million) for
Years 2021, 2023, 2025, 2027
EXHIBIT 13: 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
EXHIBIT 14: Global Commercial Aircraft Accident Rate: Number of
Accidents Per Million Departures for the Years 2010-2019
EXHIBIT 15: Despite the Strides Taken in Safe Flying, Ever-
Present Threat of Plane Crashes Drives Emphasis on
Airworthiness & Plane Maintenance: Global Number of
Fatalities on Commercial Flights for the Period 2010-2019
Robots Set to Gain Adoption for Aircraft Assembly Rushing the
Uptake of PMA Components
PMA Testing Services: Offering Supporting Credentials for PMA

4. GLOBAL MARKET PERSPECTIVE
Table 1: World 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 2020 through 2027 and % CAGR

Table 2: 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
2012 through 2019 and % CAGR

Table 3: World 15-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 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 4: USA Current & Future Analysis for Commercial Aircraft
PMA by Segment - Commercial Aircraft PMA - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 5: USA Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

CANADA
Table 6: Canada Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 7: Canada Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

JAPAN
Table 8: Japan Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 9: Japan Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

CHINA
Table 10: China Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 11: China Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

EUROPE
Table 12: Europe 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 2020 through 2027 and
% CAGR

Table 13: 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 2012 through 2019 and % CAGR

Table 14: Europe 15-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 2012, 2021 & 2027

FRANCE
Table 15: France Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 16: France Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

GERMANY
Table 17: Germany Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 18: Germany Historic Review for Commercial Aircraft PMA
by Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

ITALY
Table 19: Italy Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 20: Italy Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

UNITED KINGDOM
Table 21: UK Current & Future Analysis for Commercial Aircraft
PMA by Segment - Commercial Aircraft PMA - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 22: UK Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

SPAIN
Table 23: Spain Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 24: Spain Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

RUSSIA
Table 25: Russia Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 26: Russia Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

REST OF EUROPE
Table 27: Rest of Europe Current & Future Analysis for
Commercial Aircraft PMA by Segment - Commercial Aircraft PMA -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 28: 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
2012 through 2019 and % CAGR

ASIA-PACIFIC
Table 29: Asia-Pacific 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 2020 through 2027 and
% CAGR

Table 30: 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 2012 through 2019 and % CAGR

Table 31: Asia-Pacific 15-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 2012, 2021 & 2027

AUSTRALIA
Table 32: Australia Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 33: Australia Historic Review for Commercial Aircraft PMA
by Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

INDIA
Table 34: India Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 35: India Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

SOUTH KOREA
Table 36: South Korea Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 37: South Korea Historic Review for Commercial Aircraft
PMA by Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

REST OF ASIA-PACIFIC
Table 38: Rest of Asia-Pacific Current & Future Analysis for
Commercial Aircraft PMA by Segment - Commercial Aircraft PMA -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 39: 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
2012 through 2019 and % CAGR

LATIN AMERICA
Table 40: Latin America 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 2020 through
2027 and % CAGR

Table 41: 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 2012 through 2019 and % CAGR

Table 42: Latin America 15-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 2012, 2021 & 2027

ARGENTINA
Table 43: Argentina Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 44: Argentina Historic Review for Commercial Aircraft PMA
by Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

BRAZIL
Table 45: Brazil Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 46: Brazil Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

MEXICO
Table 47: Mexico Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 48: Mexico Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

REST OF LATIN AMERICA
Table 49: Rest of Latin America Current & Future Analysis for
Commercial Aircraft PMA by Segment - Commercial Aircraft PMA -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 50: 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
2012 through 2019 and % CAGR

MIDDLE EAST
Table 51: Middle East 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 2020 through 2027 and %
CAGR

Table 52: 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 2012 through 2019 and % CAGR

Table 53: Middle East 15-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 2012, 2021 & 2027

IRAN
Table 54: Iran Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 55: Iran Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

ISRAEL
Table 56: Israel Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 57: Israel Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

SAUDI ARABIA
Table 58: Saudi Arabia Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 59: Saudi Arabia Historic Review for Commercial Aircraft
PMA by Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

UNITED ARAB EMIRATES
Table 60: UAE Current & Future Analysis for Commercial Aircraft
PMA by Segment - Commercial Aircraft PMA - Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 61: UAE Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

REST OF MIDDLE EAST
Table 62: Rest of Middle East Current & Future Analysis for
Commercial Aircraft PMA by Segment - Commercial Aircraft PMA -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 63: 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
2012 through 2019 and % CAGR

AFRICA
Table 64: Africa Current & Future Analysis for Commercial
Aircraft PMA by Segment - Commercial Aircraft PMA - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 65: Africa Historic Review for Commercial Aircraft PMA by
Segment - Commercial Aircraft PMA Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

IV. COMPETITION
Total Companies Profiled: 83
Read the full report: https://www.reportlinker.com/p05906239/?utm_source=GNW

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