global commercial aircraft parts manufacturers approval (pma) market 2015-2019
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Global Commercial Aircraft Parts Manufacturers Approval (PMA) Market 2015-2019
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Global Commercial Aircraft Parts Manufacturers Approval (PMA) Market 2015-2019
The report discusses the following in-depth:
• Market Segmentation by Types of Product • Market Segmentation by Packaging Technology • Market Segmentation by Nature of Transaction
• Business Segmentation
• Business Segmentation by Revenue
• Geographical Segmentation by Revenue
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Global Commercial Aircraft Parts Manufacturers
Approval (PMA) Market 2015-2019
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Key Trends
TechNavio’s Senior Analyst says, “The most prominent challenge faced by the market is difficulties associated with the utilization of PMA parts and DER repairs associated with them. In some cases, the utilization of PMA parts and DER repairs turn out to be more expensive than using OEM parts and repairs. OEMs and OEM-affiliated MRO repair shops have prohibited the use of such PMA parts, which poses an inconvenience to aircraft operators during maintenance checks, if PMA parts have been installed in the aircraft.”
• Aircraft PMA parts are approved replacements for the OEM original produced under an FAA design and production approval process. Since the 1950s, the FAA has been granting PMA to third-party manufacturers to produce replacement parts for aircraft. Without the PMA, aircraft parts would be exclusively designed and manufactured by OEMs, giving them a monopoly in the Aircraft Aftermarket Parts market.
• TechNavio's analysts forecast the Global Commercial Aircraft PMA market to grow at a CAGR of 7.96 percent over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Commercial Aircraft Parts Manufacturers
Approval (PMA) Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Global Commercial Aircraft Parts Manufacturers Approval (PMA) Market 2015-2019
AMETEK
Parker Hannifin
AMETEK was established in 1930 and is headquartered in Pennsylvania, US. It is one of the leading global manufacturers of electronic instruments and electromechanical devices. The company operates through two business segments: Electronic Instruments Group and Electromechanical Group.
Parker Hannifin was founded in 1918 and is headquartered in Ohio, US. The company manufactures and provides motion and control technologies and systems, electromechanical controls, fluid power systems, and associated components. It also provides efficient solutions that serves Mobile, Aerospace, Industrial, and various other markets.
Pratt & WhitneyPratt and Whitney was founded in 1925 and is headquartered in Connecticut, US. The company is a subsidiary of United Technologies. The company designs, manufactures, and services aircraft engines and ground power units for commercial and military aircraft worldwide.
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Market Landscape
• The growth of the market is attributed to cost-efficient solutions derived by the acceptance and use of PMA parts compared with OEM parts and services.
• An increase in the number of aircraft in service also contributes to the market growth.
• In 2013, there were 20,910 aircraft in service. This number is expected to reach 42,160 in 2033, growing at a rate of 3.6 percent over the next 20 years.
• These aircraft need to have a reliable supply chain of aftermarket parts to prevent AOG situations.
• To meet such demand, airlines and MRO providers maintain an inventory of spare parts, and the use of PMA parts, being cost-effective, has increased.
• Thus, OEMs, such as Pratt & Whitney, are now providing PMA parts and services to attract customers and capture a major share of this market.
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameter Details
OEM vs PMA Deliberation by buyers whether to use the parts manufactured by OEMs or from PMA vendors
Price Aircraft aftermarket PMA parts should be appropriately priced and provide cost-effective solutions
Reparability The ease with which aircraft PMA parts can be repaired
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Commercial Aircraft Parts Manufacturers
Approval (PMA) Market 2015-2019
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