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Parts Manufacturer Approval (PMA) is one of the eleven ways the FAA uses to control and approve replacement or modification parts manufactured for and installed on a Type Certificated product following its initial Airworthiness Approval. An FAA-PMA part is essentially a replacement for any part or component in an aircraft, manufactured and supplied by an outside supplier rather than an Original Equipment Manufacturer (OEM), and numerous benefits accrue from purchasing through non-traditional sources, most notably significant cost savings, for which estimates range between 30 and 60%, or more, depending on the part.
Visiongain expects the global commercial aircraft PMA market to reach $9.75bn in 2015. With an expanding range of international opportunities and increased demands to enhance cost-effectiveness in the aviation industry, both in the air transport sector and aircraft manufacturing sector, the commercial aircraft PMA market represents a market space which is expected to sustain levels of growth in the near future. Although the debates regarding PMA safety performance between OEMs and PMAs has lasted for years, the recently activities in the industry has shown how the OEMs have authorised licensing agreement to PMAs, in order to procure PMA parts to install in the new build aircraft to reduce the manufacturing cost.
The commercial aircraft PMA market report presents the reader with a comprehensive understanding of supporting a harmonized global air transport system. It identifies all potential performance improvements available today, details the new PMA technologies and regulations that will be deployed worldwide, and provides the investment certainty needed for companies to make strategic decisions for their individual planning purposes.
This report from visiongain is a completely fresh market assessment of the commercial aircraft PMA sector based upon the latest information. This brand new report contains completely new company interviews, updated forecasts, original analysis, expanded company profiles and, most crucially, fresh conclusions.