Lewes, DE -- (SBWIRE) -- 03/10/2015 -- Report forecast the Global Commercial Aircraft PMA market to grow at a CAGR of 7.96 percent over the period 2014-2019.

An aircraft PMA is an approved replacement for the original part provided by the OEM, conforming to FAA design and produced under an FAA approved production process. Since the 1950s, the FAA has been granting PMA to third-party manufacturers to produce replacement parts for aircraft. Without these PMAs, aircraft parts would be exclusively designed and manufactured by OEMs, giving them a monopoly in the Aircraft Aftermarket Parts market. PMA parts are now being manufactured for almost every ATA chapter, a common referencing standard for aircraft parts, on an aircraft.

This report covers the current scenario and growth prospects of the Global Commercial Aircraft PMA market for the period 2015-2019. It presents a global overview, market shares, and growth prospects by region (the Americas, and the EMEA and APAC regions). The report also provides the market landscape and a corresponding analysis of the prominent vendors in the market. In addition, the report discusses the major drivers influencing the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

According to the lead analyst of this report, the changing attitude of lessors toward aircraft Parts Manufacturer Approval (PMA) parts is a key trend in the market. Lessors have grown more positive toward the acceptance of PMA parts and the growth rate in utilization of these parts by airlines and MRO providers worldwide is also positively influencing the market.

According to the report, cost efficient solutions through PMA parts is a major driver that is expected to accelerate the overall market growth. The acceptance of PMA parts by airlines and MRO providers has increased worldwide, along with the increased approval from authorities like the Federal Aviation Administration.

Further, the report states that the difficulties associated with the utilization of PMA parts and DER repairs associated with them is a major challenge for the market, as sometimes it turns out to be more expensive than using OEM parts and repairs.

Global Commercial Aircraft PMA Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions. The report also includes a discussion of the key vendors operating in this market.

Other Prominent Vendors in the market are: Able Engineering & Component Services, Adpma

Aero Brake & Spares, Airforms, AirGroup America, Aviation Component Solutions, B/E Aerospace, Chromalloy, Dixie Aerospace, HEICO, Kapco Global, Spirit AeroSystems, Triumph Group, Wencor Group and Zodiac Aerospace.

Key Regions
- Americas
- APAC
- EMEA

Market Driver
- Cost-efficient Solutions through PMA Parts
- For a full, detailed list, view our report

Market Challenge
- Difficulties with PMA Parts and DER Repairs
- For a full, detailed list, view our report

Market Trend
- Changing Attitude of Lessors
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages, "Global Commercial Aircraft PMA Market 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Geographical Segmentation, uying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-commercial-aircraft-pma-market-2015-2019

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