Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global Commercial Aircraft PMA Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
New Comprehensive Market Analysis Highlights Increased Demand for Electric Aircraft and Adoption of Additive Manufacturing as Key Growth Drivers
The latest market assessment underscores significant growth in the global commercial aircraft Parts Manufacturer Approval (PMA) market, which is anticipated to bolster by USD 227.19 million during the forecast period 2023-2028. The market is set to accelerate at an impressive compound annual growth rate (CAGR) of 5.89%.
A thorough qualitative and quantitative market analysis has revealed that the commercial aircraft PMA sector is influenced by multiple factors, notably due to the surge in air travel demand and the cost-effectiveness of PMA parts. Additionally, expansions of air routes are contributing to the increased market size.
Market Segmentation Reveals Diverse Growth across Categories
The comprehensive market report segments the commercial aircraft PMA market into the following categories to offer detailed insights:
- By Type: Engine, Component, Others
- By Application: Small Widebody, Medium Widebody, Large Widebody
- By Geographical Landscape: APAC, North America, Europe, Middle East and Africa, South America
The study identifies an emerging trend of electric commercial aircraft and points towards a robust demand in the near future. Other factors propelling market expansion include the increasing adoption of additive manufacturing processes coupled with a growing focus on sustainability and the use of lightweight materials in aircraft design and manufacturing.
Vendor Analysis and Industry Overview
A meticulous vendor analysis provides insights designed to augment market positions for clients. The report comprises an examination of several leading commercial aircraft PMA market vendors and strives to support companies as they leverage growth horizons.
An in-depth sector analysis of the commercial aircraft PMA market highlights upcoming trends and challenges to help organizations form effective strategies and take advantage of the growth opportunities presented.
The synthesis of primary and secondary data, inclusive of industry influencer insights, ensures the market analysis is both comprehensive and reliable, allowing for a precise forecast of market trends and growth rates.
Evolving Market Dynamics
This report provides an assessment of key market parameters including profit, pricing strategies, competitive landscape, and promotional activities. It reflects the multifaceted nature of the commercial aircraft PMA market by analyzing the predominant industry influencers.
The data presented places emphasis on accuracy, borne out of extensive research methodologies, thereby offering an encyclopedic view of the market forecast, sizing, and industry analysis.
The research emphasizes the global commercial aircraft PMA market, geared towards stakeholders seeking to align their market strategies with current and projected market dynamics.
This market analysis is a testament to the meticulous research and dedication to providing stakeholders with clear, reliable data to inform business strategies and tap into the market's full potential that characterizes the evolving landscape of the commercial aircraft PMA market.
A selection of companies mentioned in this report includes
- ADPma LLC
- Aero Brake and Spares Inc.
- Airforms Inc.
- AirGroup America Inc.
- AMETEK Inc.
- Aviation Component Solutions
- BAE Systems Plc
- Berkshire Hathaway Inc.
- Fluid Components LLC
- General Electric Co.
- HEICO Corp.
- Kellstrom Aerospace
- Parker Hannifin Corp.
- Raytheon Technologies Corp.
- RBC Bearings Inc.
- Safran SA
- Spirit AeroSystems Inc.
- The Timken Co.
- Triumph Group Inc.
- Wencor Group LLC
For more information about this report visit https://www.researchandmarkets.com/r/qvmiqa
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