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The commercial aircraft PMA market size is projected to reach at USD 913.16 million by 2028, and will grow at a CAGR of 5.89% during the forecast year. The growth of the market depends on several factors such as the growing number of air passengers, the relatively low cost of PMA-made parts and expansions of air routes.
The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Type, which comprises engine, component, and others. Additionally, it categorizes Application into small widebody, medium widebody, and large widebody and covers regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Commercial Aircraft PMA Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The commercial aircraft original equipment manufacturers (OEMs) were the only companies that were offering commercial aircraft parts to service providers. This led to their monopoly in the industry, thus leading to a high price being charged for parts sold in the aftermarket. However, the commercialization of PMA-made parts has encouraged various service providers to opt for parts from PMA companies in the commercial aircraft parts manufacturer approval market. However, the parts offered by PMA companies are Federal Aviation Administration (FAA)-approved engineered parts, which contributes to their acceptance and trustworthiness among airline service providers.
However, owing to their FAA certification, these parts are deemed just as good as OEM parts and are critical for airline service providers for whom budget management is an important part of the business. Hence, as PMA enterprises offer less expensive parts without compromising on quality, it spurs higher demand for replacement commercial aircraft parts from PMA enterprises which expands commercial aircraft parts manufacturer approval market growth. Hence, this will lead to the growth of the market in focus during the forecast period.
The commercial aircraft parts manufacturer approval (PMA) market is witnessing a significant paradigm shift towards sustainability, underscored by the adoption of lightweight materials that enhance fuel efficiency and reduce environmental impact. PMA manufacturers are increasingly incorporating advanced materials to meet stringent sustainability goals. One notable example is the use of carbon fibre composites, renowned for their high strength-to-weight ratio. These materials replace traditional aluminium in components like aircraft wings and fuselage sections, significantly reducing overall weight.
Moreover, as regulatory pressure and consumer preferences drive the aviation sector towards greener solutions, PMA manufacturers that champion sustainability through the adoption of lightweight materials are poised to thrive. This dual focus on environmental responsibility and material innovation exemplifies a pivotal trend, which will continue to drive the growth of the market during the forecast period.
Regulatory compliance is a paramount challenge in the global commercial PMA market. Manufacturers must adhere to rigorous standards set by aviation authorities like the Federal Aviation Administration (FAA) or the European Union Aviation Safety Agency (EASA) to attain PMA certifications. The intricate and evolving nature of aviation regulations demands meticulous attention to detail throughout the design, production, and certification processes. Non-compliance not only jeopardizes safety but also hinders commercial aircraft parts manufacturer approval (PMA) market entry and acceptance.
Additionally, successful navigation of regulatory hurdles is integral to establishing credibility and sustaining growth in the commercial aircraft parts manufacturer approval market. Thus, the rigorous standards set by aviation authorities can pose a major challenge to the growth of the market in focus during the forecast period.
The market share growth by the engine segment will be significant during the forecast period. A PMA is required by enterprises that are involved in producing modification or replacement engine parts for installation and for sale on a type-certificated engine model. The engine of a commercial aircraft consists of components such as air intakes, compressors, combustors, turbines, afterburners (reheat), nozzles, and thrust reversers. The engines used in commercial aircraft are usually either lightweight piston engines or gas turbines.
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The engine was the largest segment and was valued at USD 303.64 million in 2018. These engine manufacturers are incorporating various technologies, such as additive manufacturing, to reduce the weight of the engine along with the manufacturing cost. This encourages various aircraft OEMs to use engines that reduce the manufacturing cost and the weight of commercial aircraft. The use of advanced technology by engine manufacturers will encourage commercial aircraft PMA enterprises to improve their manufacturing capabilities so that they can offer cost-effective engine components to airline service providers, which can be used during engine maintenance and repair activities. Hence, the advances in technology in aircraft engines will lead to an increase in the demand for commercial aircraft parts manufacturer approval market. Such factors are driving the growth of the engine segment of the market during the forecast period.
Based on the application, the market has been segmented into small widebody, medium widebody, and large widebody. The small widebody segment will account for the largest share of this segment.?Small widebody aircraft have only a single aisle inside the cabin, and the passengers are seated into two axial groups. In 2021, global deliveries for small-body jets will lead the post-pandemic fleet recovery in the next ten years as airlines adjust to the realities of a smaller travel market. The deliveries will be bolstered by the US and European aviation regulators' decision to recertify the Boeing 737 Max for commercial service and sales of the long-range Airbus A321LR. Such development strategies will generate a simultaneous demand for aircraft engines and fuel the growth of this segment of the market during the forecast period.
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APAC is estimated to contribute 43% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. The aerospace industry in North American countries, such as the US and Canada, is mature and has the presence of many commercial aircraft manufacturers and service providers, including Boeing Co., American Airlines Inc., United Airlines Inc., and Bombardier Inc. The commercial airline industry in Canada and the US is technologically advanced, and most of the OEMs in these countries invest more in research and development (R&D) than any other industry. Moreover, the number of air passengers in countries such as Mexico is growing due to factors such as the promotion of the tourism sector, which has led to a rise in the inflow of tourists and collaborations between governments and the aviation industry to provide enhanced infrastructure.
In addition, according to a press release from AFAC, Aeromexico carried the second-highest number of passengers- 5.7 million- and saw the biggest year-over-year increase 39.2% shift from 2022. From January to March 2022 to January to March 2023, Mexican airlines carried 18.2 million passengers, a 24.2% increase from 14.6 million passengers. This will increase the demand for maintenance and repair, thus creating a need for parts from PMA enterprises in the region. Such factors are expected to drive the regional market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ADPma LLC - The company offers commercial aircraft PMA-made components such as air-conditioning, engine turbines, engine exhaust, wings, and lighting.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including ADPma LLC, Aero Brake and Spares Inc., Airforms Inc., AirGroup America Inc., AMETEK Inc., Aviation Component Solutions, BAE Systems Plc, Berkshire Hathaway Inc., Fluid Components LLC, General Electric Co., HEICO Corp., Kellstrom Aerospace, Parker Hannifin Corp., Raytheon Technologies Corp., RBC Bearings Inc., Safran SA, Spirit AeroSystems Inc., The Timken Co., Triumph Group Inc., and Wencor Group LLC
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The commercial aircraft PMA market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Commercial Aircraft PMA Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.89% |
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Market Growth 2024-2028 |
USD 227.19 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.46 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ADPma LLC, Aero Brake and Spares Inc., Airforms Inc., AirGroup America Inc., AMETEK Inc., Aviation Component Solutions, BAE Systems Plc, Berkshire Hathaway Inc., Fluid Components LLC, General Electric Co., HEICO Corp., Kellstrom Aerospace, Parker Hannifin Corp., Raytheon Technologies Corp., RBC Bearings Inc., Safran SA, Spirit AeroSystems Inc., The Timken Co., Triumph Group Inc., and Wencor Group LLC |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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