Dublin, July 07, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/xg95m2/global_commercial) has announced the addition of the "Global Commercial Aircraft PMA Market 2015-2019" report to their offering.
The Global Commercial Aircraft PMA market to grow at a CAGR of 7.96 percent over the period 2014-2019.
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.
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.
Key Vendors
- AMETEK
- Parker Hannifin
- Pratt & Whitney
- Precision Castparts
- Rockwell Collins
Other Prominent Vendors
- 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
- Zodiac Aerospace
For more information visit http://www.researchandmarkets.com/research/xg95m2/global_commercial