North America Commercial Aircraft Parts Manufacturer Approval (PMA) Market Value - By Product Type (Engine, Component), By Application (Narrowbody Jet, Regional Jet, Turboprop, Widebody Jet), By Country, By Industry Analysis, Size, Share & Forecast, 2023 - 2032

MVI Statistics and Viewpoints:

• North America Commercial Aircraft Parts Manufacturer Approval Market size was exceeded USD 1.5 Billion in 2022.
• Commercial Aircraft Parts Manufacturer Approval (PMA) Market in North America is expected to showcase a CAGR of over 5.6% from 2023 to 2032. 
• By the end of the forecast period, the market is anticipated to reach a valuation of around USD 2.5 Billion.

PMA players in the commercial aircraft parts manufacturing sector focus on regulatory compliance, emphasizing quality and reliability, and providing cost-competitive alternatives to OEM parts. They offer a diverse product range, prioritize customer relationships and support, and may differentiate themselves through innovation and unique design features.

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Market Overview:

Commercial Aircraft Parts Manufacturer Approval (PMA) is a regulatory concept that allows manufacturers to produce and sell aircraft parts as alternatives to original equipment manufacturer (OEM) parts. PMA players undergo a rigorous certification process to ensure their parts meet or exceed industry safety and performance standards. By obtaining PMA, manufacturers can provide cost-effective solutions to the aviation industry, offering quality parts that undergo the same level of scrutiny and approval as OEM parts. This concept promotes competition, innovation, and affordability in the aircraft parts market while maintaining the highest levels of safety and regulatory compliance.

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Growth Drivers:

• Increasing Demand for Aircraft Maintenance: The growing fleet of commercial aircraft in North America requires regular maintenance, repair, and overhaul (MRO) services. PMA players benefit from this demand by providing cost-effective and reliable alternatives to OEM parts, ensuring timely availability to support the maintenance needs of airlines and MRO providers.
   
• Cost Savings and Operational Efficiency: PMA parts offer cost savings compared to OEM parts, attracting airlines and MRO providers looking to optimize their operational expenses. PMA players focus on providing competitively priced parts without compromising quality or safety, allowing customers to reduce their maintenance costs and improve their overall operational efficiency.
   
• Regulatory Support and Standards: Regulatory bodies such as the Federal Aviation Administration (FAA) in the United States continue to support and encourage the use of PMA parts. These parts undergo stringent regulatory approval processes, ensuring they meet or exceed industry standards for safety and performance. PMA players benefit from the regulatory support and the established standards that facilitate market acceptance and trust in their products.

By Product Type Synopsys:                      

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In the North America commercial aircraft parts manufacturer approval market, the engine segment has held the highest shares. This is due to the significant demand for engine parts and components, driven by the extensive use and maintenance requirements of aircraft engines. PMA players specializing in engine parts benefit from the growing fleet of commercial aircraft and the need for engine repairs, replacements, and overhauls. By offering cost-effective and reliable alternatives to OEM engine parts, PMA manufacturers capture a substantial portion of the market share in North America.

By Application Synopsys:    

In the North America commercial aircraft parts manufacturer approval market, the narrowbody jet segment has held the highest shares. Narrowbody jets, also known as single-aisle aircraft, are the most commonly used aircraft type in commercial aviation. They are widely utilized by airlines for short to medium-haul flights, resulting in a higher demand for parts and components specific to this aircraft category. PMA players focusing on manufacturing parts for narrowbody jets benefit from the large fleet size and ongoing maintenance needs, allowing them to capture a significant market share in North America. 

Furthermore, the market growth is further fueled by the approval received to the major players. For instance, Kontron recently announced their receipt of Parts Manufacturer Approval (PMA) from the US Federal Aviation Administration (FAA) for their advanced ACE Flight 600 general purpose airborne server. This achievement signifies that the server meets stringent safety and regulatory standards for commercial aviation and can be installed in aircraft worldwide. Such approvals contribute to the market expansion by offering reliable and compliant solutions to the aviation industry.

Top Companies Includes In The North America Commercial Aircraft Parts Manufacturer Approval Market:

• Spirit Aerosystems Inc.
• Able Aerospace Services Inc.
• Wencor Group LLC
• Adpma LLC
• Pma Aeroparts LLC
• Aero Brake & Spares Inc.
• Airforms Inc
• Lkd Aerospace LLC
• Ametek Inc.
• Heico Corporation
• Fluid Components International LLC
• Other Key players

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In-depth analysis of North America Commercial Aircraft Parts Manufacturer Approval (PMA) Market along with industry coverage and forecasting for the following segments:

Market Size, By Product Type

• Engine
• Component
• Others

Market Size, By Application

• Narrowbody Jet
• Regional Jet
• Turboprop
• Widebody Jet

Market Size, By Country

• United States
• Canada
• Rest of North America