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Segmentation by Type (In-Scope/Out-of-Scope)
Engine segment will be significant during the forecast period. 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. Moreover, the engine manufacturers are incorporating various technologies, such as additive manufacturing, to reduce the weight of the engine along with the manufacturing cost. This is encouraging various aircraft OEMs to use engines that reduce the manufacturing cost and the weight of commercial aircraft. Therefore, the advances in technology in aircraft engines will lead to an increase in the demand for commercial aircraft PMA-made engine components during the forecast period.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Commercial Aircraft PMA Market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
Highlights-
- Segmentation- The report extensively covers market segmentation by Type (engine, component, and others) and Geography (APAC, North America, Europe, MEA, and South America).
- Key Companies- adpma LLC, Aero Brake & Spares Inc., AMETEK Inc., BAE Systems Plc, Berkshire Hathaway Inc., General Electric Co., HEICO Corp., Parker Hannifin Corp., Raytheon Technologies Corp., and Sequa Corp. among others.
- Driver- Growing number of air passengers to drive the market.
- Challenge- Slowdown in global trade to hamper the market growth.
Track Pricing, Supply, Demand, Trade, and Distribution Scenario along with Key Customers. View Sample Report
Vendor Insights-
The commercial aircraft PMA market is fragmented, and the vendors are deploying growth strategies such as competitive pricing strategies to compete in the market. Moreover, to make the most of the opportunities and recover from post COVID-19 impact, market vendors are focusing more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
- adpma LLC - The company offers a line of PMA solutions such as 3616848 Shut Off Valve, 606802 Waste Blower, 3881120 Lube Pump, and 36-280 & - 300 APU among others to airline operators and maintenance service providers.
- BAE Systems Plc - The company offers a line of spare parts for products such as engine and flight control systems, flight-deck systems, data and electronic distribution equipment, and detection and alerting systems.
- General Electric Co. - The company offers a range of PMA parts for commercial aircraft components such as landing gear structure and Wing leading edge and trailing edge.
This Statistical Study of the Commercial Aircraft PMA Market Encompasses Successful Business Strategies Deployed by the Key Vendors. Download Sample Copy (Including Graphs & Tables) to Know More
Learn More about Key Driver & Challenge of the Market-
- Commercial Aircraft PMA Market Driver:
- Growing number of air passengers:
The number of air passengers is growing across the globe, especially in countries such as India, Vietnam, Iran, Colombia, and Saudi Arabia. These countries are significantly investing in upgrading the commercial aviation industry for both international and domestic air transport. Moreover, the number of air passengers is expected to grow rapidly due to the rapidly increasing global travel and tourism industry. The global travel and tourism industry is expected to grow due to the rise in the promotional activities undertaken by countries to attract tourists as well as the growing willingness of people to spend on recreational activities, including travel. Many governments across the globe are taking initiatives to boost the travel and tourism industry in their respective countries. This will lead to growth in the number of air passengers, thus, encouraging service providers to enhance their overall air transport services and increase the number of fleets in order to cater to the growing demand. This, in turn, will lead to an increase in the maintenance and repair activities for aircraft, thus leading to an increase in the demand for commercial aircraft PMA during the forecast period.
- Commercial Aircraft PMA Market Challenge:
- Slowdown in global trade:
The key factors contributing to the decline in the volume of global exports are economic uncertainties and trade wars between various countries. Furthermore, the fluctuations in the prices of oil, gas, and metals in the global market and the shortage of skilled workers also have led to a reduction in the global manufacturing output. The shift in market dynamics has affected global trade. Furthermore, the value of goods exported and imported declined considerably in since 2019. Though these factors primarily impact the air cargo transportation business, they have an impact on passenger traffic as well. In addition, the outbreak of COVID-19 across the world has adversely impacted the aerospace industry value chain. The pandemic has led to a lockdown in various countries and a reduction in trade globally. The quick spread of COVID-19 has forced various governments to limit the use of cargo and commercial aircraft only to supply essential medicines and fly back their citizens who were stranded in other countries. Hence, these factors will lead to a reduction in the need for aircraft maintenance activities, which, in turn, will impact the demand for commercial aircraft parts from PMA enterprises, therefore, affecting the growth of the market on focus adversely during the forecast period.
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Commercial Aircraft PMA Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.76% |
Market growth 2021-2025 |
$ 100.88 million |
Market structure |
Fragmented |
YoY growth (%) |
-1.31 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, China, Russian Federation, Japan, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
adpma LLC, Aero Brake & Spares Inc., AMETEK Inc., BAE Systems Plc, Berkshire Hathaway Inc., General Electric Co., HEICO Corp., Parker Hannifin Corp., Raytheon Technologies Corp., and Sequa Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Aerospace and Defense Market
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 Engine - Market size and forecast 2020-2025
- Exhibit 17: Engine - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Engine - Year-over-year growth 2020-2025 (%)
- 5.4 Component - Market size and forecast 2020-2025
- Exhibit 19: Component - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Component - Year-over-year growth 2020-2025 (%)
- 5.5 Others - Market size and forecast 2020-2025
- Exhibit 21: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Others - Year-over-year growth 2020-2025 (%)
- 5.6 Market opportunity by Type
- Exhibit 23: Market opportunity by Type
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 25: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 26: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 37: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 38: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 39: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Overview
- Exhibit 40: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 41: Landscape disruption
- Exhibit 42: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 43: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 44: Market positioning of vendors
- 10.3 adpma LLC
- Exhibit 45: adpma LLC - Overview
- Exhibit 46: adpma LLC - Product and service
- Exhibit 47: adpma LLC - Key offerings
- 10.4 Aero Brake & Spares Inc.
- Exhibit 48: Aero Brake & Spares Inc. - Overview
- Exhibit 49: Aero Brake & Spares Inc. - Product and service
- Exhibit 50: Aero Brake & Spares Inc. - Key offerings
- 10.6 BAE Systems Plc
- Exhibit 56: BAE Systems Plc - Overview
- Exhibit 57: BAE Systems Plc - Business segments
- Exhibit 58: BAE Systems Plc - Key news
- Exhibit 59: BAE Systems Plc - Key offerings
- Exhibit 60: BAE Systems Plc - Segment focus
- 10.7 Berkshire Hathaway Inc.
- Exhibit 61: Berkshire Hathaway Inc. - Overview
- Exhibit 62: Berkshire Hathaway Inc. - Business segments
- Exhibit 63: Berkshire Hathaway Inc. - Key offerings
- Exhibit 64: Berkshire Hathaway Inc. - Segment focus
- 10.8 General Electric Co.
- Exhibit 65: General Electric Co. - Overview
- Exhibit 66: General Electric Co. - Business segments
- Exhibit 67: General Electric Co. - Key news
- Exhibit 68: General Electric Co. - Key offerings
- Exhibit 69: General Electric Co. - Segment focus
- 10.9 HEICO Corp.
- Exhibit 70: HEICO Corp. - Overview
- Exhibit 71: HEICO Corp. - Business segments
- Exhibit 72: HEICO Corp. - Key offerings
- Exhibit 73: HEICO Corp. - Segment focus
- 10.10 Parker Hannifin Corp.
- Exhibit 74: Parker Hannifin Corp. - Overview
- Exhibit 75: Parker Hannifin Corp. - Business segments
- Exhibit 76: Parker Hannifin Corp. - Key news
- Exhibit 77: Parker Hannifin Corp. - Key offerings
- Exhibit 78: Parker Hannifin Corp. - Segment focus
- 10.11 Raytheon Technologies Corp.
- Exhibit 79: Raytheon Technologies Corp. - Overview
- Exhibit 80: Raytheon Technologies Corp. - Business segments
- Exhibit 81: Raytheon Co. - Key news
- Exhibit 82: Raytheon Technologies Corp. - Key offerings
- Exhibit 83: Raytheon Technologies Corp. - Segment focus
- 10.12 Sequa Corp.
- Exhibit 84: Sequa Corp. - Overview
- Exhibit 85: Sequa Corp. - Product and service
- Exhibit 86: Sequa Corp. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 87: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 88: Research Methodology
- Exhibit 89: Validation techniques employed for market sizing
- Exhibit 90: Information sources
- 11.4 List of abbreviations
- Exhibit 91: List of abbreviations
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