NEW YORK, Jan. 6, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global commercial aircraft parts manufacturer approval (PMA) market size is estimated to grow by USD 203.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 5.3% during the forecast period. Growing number of air passengers is driving market growth, with a trend towards growing demand for electric commercial aircraft. However, rigorous standards set by aviation authorities poses a challenge. Key market players include 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., RTX Corp., RBC Bearings Inc., Safran SA, Spirit AeroSystems Inc., The Timken Co., Triumph Group Inc., and Wencor Group LLC.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Driver

The Commercial Aircraft Parts Manufacturer Approval (PMA) market is experiencing significant trends in the aviation industry. The Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) are approving repair stations for advanced materials and 3D printing of replacement parts, enhancing efficiency and reducing operational expenses. Aviation authorities prioritize safety and regulatory standards, ensuring product quality and reliability. Advanced digital tools and data analytics offer synergies in maintenance, repair, and overhaul (MRO), enabling airlines to optimize their fleet and reduce maintenance costs. Innovation continues with the adoption of additive manufacturing, hybrid propulsion systems, and environmentally friendly procedures. Competition among Original Equipment Manufacturers (OEMs) and MROs intensifies, driving profits for aircraft parts manufacturers. Aircraft owners and airlines demand high-quality, cost-effective parts to maintain their fleets and meet travel demands in the face of international crises, such as terrorism, wars, pandemics, and natural disasters. Market presence and regulatory compliance are crucial for success, as aircraft components play a vital role in the commercial aviation sector's fuel efficiency and overall performance. Income from PMA parts sales contributes significantly to the aviation industry's resilience and growth. 

The aviation industry's contribution to climate change, estimated at 3-4%, is projected to rise significantly to nearly 10% by 2050, due to factors such as urbanization, aviation expansion, industrialization, and vehicular emissions. These elements have negatively impacted air quality worldwide, a pressing concern for authorities and organizations. To mitigate this issue, there is a growing demand for electric commercial aircraft. The aviation sector must take remedial actions to reduce emissions and improve air quality, ensuring a sustainable future for the industry. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

• The Commercial Aircraft Parts Manufacturer Approval (PMA) market faces several challenges in the dynamic commercial aviation industry. Regulatory bodies like the Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) set stringent safety regulations for repair and replacement parts. Advanced materials and innovative technologies, such as 3D printing and digital tools, offer synergies for improving reliability and efficiency. Manufacturers must balance operational expenses, fuel efficiency, and regulatory compliance while maintaining product quality and market presence. Competition from Original Equipment Manufacturers (OEMs) and Maintenance, Repair, and Overhaul (MRO) providers intensifies, necessitating continuous innovation. Environmentally friendly procedures, hybrid propulsion systems, and regulatory standards are essential for long-term growth. Unforeseen events like international terrorism, wars, calamities, SARS pandemic, terrorist attacks, and natural disasters impact travel and tourism, affecting aircraft owners' income and maintenance costs. Adapting to these challenges requires a proactive approach, focusing on safety, efficiency, and regulatory compliance.
• In the global commercial Parts Manufacturer Approval (PMA) market, regulatory compliance is of utmost importance. Manufacturers must adhere to stringent standards set by aviation authorities such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) to secure PMA certifications. The intricate and ever-evolving nature of aviation regulations necessitates meticulous attention to detail throughout the design, production, and certification processes. Failure to comply with regulations poses significant risks to safety and hampers market entry and acceptance. The certification process is lengthy and complex, involving thorough inspections and extensive documentation reviews. Manufacturers must stay informed about evolving regulations to maintain ongoing compliance, requiring a dedicated commitment to regulatory affairs.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This commercial aircraft parts manufacturer approval (pma) market report extensively covers market segmentation by

1. Type 
• 1.1 Engine
• 1.2 Component
• 1.3 Others
2. Application 
• 2.1 Small widebody
• 2.2 Medium widebody
• 2.3 Large widebody
3. Geography 
• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Engine- Commercial Aircraft Parts Manufacturer Approvals (PMAs) are essential for enterprises producing modification or replacement engine parts for certified engine models. The Federal Aviation Administration (FAA) in the US regulates these activities through Procedural Regulation: 21.303 of 14 CFR part 21 and Airworthiness Regulation: 14 CFR part 33 (CAR 13 for older engines). Engine components include air intakes, compressors, combustors, turbines, afterburners, nozzles, and thrust reversers, found in piston engines or gas turbines. Major engine manufacturers, such as Pratt and Whitney Division (Raytheon Technologies Corp.), General Electric Co., and Rolls-Royce Holdings Plc, incorporate technologies like additive manufacturing to reduce engine weight and cost. For instance, GE Aviation's GE9X engine, used in Boeing's 777X jet, features over 300 3D-printed parts. This technological advancement encourages OEMs to opt for cost-effective, lightweight engines, increasing the demand for PMA-made engine components during engine maintenance and repair activities. Thus, the growth of the engine segment in the commercial aircraft PMA market is driven by technological innovations in engine manufacturing.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Commercial Aircraft Parts Manufacturer Approval (PMA) market is experiencing significant trends and developments in the aerospace industry. Aviation safety regulations continue to drive the demand for certified aircraft parts, leading to advancements in aircraft parts certification and procurement processes. Aviation sustainability is also becoming a key focus, with research into electric propulsion systems and the recycling of aircraft parts gaining momentum. Aviation safety technology, such as maintenance software and training programs, are essential for optimizing aircraft maintenance and ensuring safety. Airline profits are being impacted by income reduction due to the pandemic, leading to cost-cutting measures and outsourcing of maintenance and parts distribution. The aviation industry is adapting to post-pandemic travel demand through airport infrastructure development and airline financial performance strategies. Aviation insurance and aviation maintenance optimization are also critical areas of focus for airlines and manufacturers. Aerospace engineering jobs are in high demand as the industry continues to innovate and adapt to new technologies and trends. Overall, the Commercial Aircraft Parts Manufacturer Approval market is dynamic and ever-evolving, with aerospace research and development playing a crucial role in shaping its future.

Market Research Overview

The Commercial Aircraft Parts Manufacturer Approval (PMA) market is a critical segment in the aviation industry, focused on the production and approval of replacement parts for commercial aircraft. The market leverages advanced materials, repair techniques, and digital tools to enhance reliability and efficiency in commercial aviation. Regulatory bodies like the Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) set stringent safety regulations, ensuring product quality and compliance with aviation safety laws. Innovations such as 3D printing, data analytics, and additive manufacturing are transforming the market, offering synergies and cost savings for aircraft owners and operators. The market is driven by the need for fuel efficiency, environmental friendliness, and competition among Original Equipment Manufacturers (OEMs) and Maintenance, Repair, and Overhaul (MRO) providers. Market presence, income, and maintenance costs are significant factors influencing the market's growth. External factors like international terrorism, wars, calamities, pandemics, natural disasters, tourism, travel, and airline carriers also impact the market dynamics. Hybrid propulsion systems and regulatory standards are emerging trends shaping the future of the PMA market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type
• Engine
• Component
• Others
• Application
• Small Widebody
• Medium Widebody
• Large Widebody
• Geography
• APAC
• North America
• Europe
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/commercial-aircraft-pma-market-to-grow-by-usd-203-8-million-2025-2029-driven-by-rising-air-passengers-and-ai-driven-market-transformation---technavio-302342145.html

SOURCE Technavio