Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market Expected to Reach USD 15.6 Billion by 2033 - IMARC Group

Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market Statistics, Outlook and Regional Analysis 2025-2033

The global commercial aircraft parts manufacturer approval (PMA) market size was valued at USD 11.4 Billion in 2024, and it is expected to reach USD 15.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.5% from 2025 to 2033.

The rising focus on cost efficiency and supply chain independence is stimulating the commercial aircraft parts manufacturer approval (PMA) market. In contrast, airlines and maintenance organizations are increasingly turning to PMA parts as a cost-effective alternative to original equipment manufacturer (OEM) components, enabling significant cost savings while maintaining safety and performance standards. Also, enhanced support for fleet management and the creation of independent supply chains are major driving factors. For example, Chromalloy’s FAA PMA approval in November 2024 for the CFM56-5B/7B HPT Stage 1 vane underscores the industry’s focus on expanding high-quality, affordable alternatives. This marked Chromalloy’s second approval in two months, reinforcing its portfolio of 65 gas-path parts and facilitating discounted PMA spares through its collaboration with FTAI Aviation. Market players are also leveraging strategic acquisitions to meet increasing demand. In November 2024, Jet Parts Engineering (JPE) acquired Mitchell PMA, integrating over 170 FAA-approved airframe and accessory parts into its offerings. This acquisition bolsters JPE’s design, engineering, and manufacturing capabilities supported by Vance Street Capital, thereby enhancing the affordability and availability of PMA solutions.

Also, the growing emphasis on reducing maintenance costs and providing timely spares to airlines underpins the market's growth, driven by the reliability and safety of PMA-certified parts. These advancements reflect a concerted effort to innovate and cater to the dynamic requirements of the aviation sector. Region-specific developments further illustrate the market’s adaptability. In October 2024, Russia proposed a certification system for domestically produced PMA parts for foreign aircraft, empowering Rosaviatsia to authorize agencies for approvals. This initiative aims to counteract sanctions-induced shortages of spares for carriers like Aeroflot by fostering a localized alternative spares market. The ability to reduce import dependency and support fleet sustainability is a significant driver for PMA adoption in this context. These combined factors, including cost efficiency, strategic acquisitions, and localized solutions, highlight the evolving role of PMA parts in ensuring resilient and sustainable aviation operations worldwide.

Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific dominates the commercial aircraft parts manufacturer approval (PMA) market due to robust manufacturing capabilities and increasing investments in aerospace infrastructure.

North America Commercial Aircraft Parts Manufacturer Approval (PMA) Market Trends:

In North America, the market thrives on stringent FAA regulations and innovation-led manufacturing. The U.S. leads with companies adopting additive manufacturing for cost-effective production. For example, 3D-printed parts for Boeing aircraft are PMA-approved, boosting supply chain efficiency. Increasing air traffic further fuels demand for these approved parts, ensuring compliance and performance.

Europe Commercial Aircraft Parts Manufacturer Approval (PMA) Market Trends:

In Europe, the market emphasizes sustainability and compliance with EASA standards. Germany pioneers’ eco-friendly aircraft part manufacturing, focusing on lightweight materials to reduce emissions. For instance, Airbus collaborates with suppliers for PMA-approved composite components, aligning with Europe’s Green Deal. This trend supports the region's push for carbon-neutral aviation goals by 2050.

Asia Pacific Commercial Aircraft Parts Manufacturer Approval (PMA) Market Trends:

Asia Pacific is the leading region in the market, driven by its expanding aviation sector and increasing investments in aerospace infrastructure. The region benefits from growing passenger traffic, spurring demand for commercial aircraft and their components. India plays a significant role in this growth, exemplified by the Directorate General of Aeronautical Quality Assurance (DGAQA) approving Airbus and Tata Advanced Systems Limited (TASL) in February 2024 to produce PMA parts and assemblies for the C295 aircraft. This milestone aligns with India’s ‘Make in India’ initiative, adhering to stringent Airbus quality standards. Such advancements reinforce Asia Pacific’s dominance by fostering local production, enhancing supply chain efficiency, and attracting global aerospace investments.

Latin America Commercial Aircraft Parts Manufacturer Approval (PMA) Market Trends:

Latin America’s PMA industry grows amid rising low-cost carriers and economic aircraft solutions. Brazil, a key player, integrates PMA parts into Embraer aircraft to optimize operations. For instance, PMA-approved avionics systems help airlines manage costs while adhering to safety regulations. The region’s aviation recovery drives demand for approved aftermarket solutions.

Middle East and Africa Commercial Aircraft Parts Manufacturer Approval (PMA) Market Trends:

In the Middle East and Africa, PMA market growth aligns with fleet modernization and cost-efficient operations. The UAE leads, with Emirates using PMA-approved engine components to maintain reliability. For example, PMA-certified turbine blades enhance durability under high-stress conditions, meeting the demands of the region’s challenging operational environments.

Top Companies Leading in the Commercial Aircraft Parts Manufacturer Approval (PMA) Industry

Some of the leading commercial aircraft parts manufacturer approval (PMA) market companies include Able Aerospace Services Inc. (Textron Company), Adpma LLC, Aero Brake & Spares Inc., Airforms Inc. (McFarlane Aviation LLC), Ametek Inc., Fluid Components International LLC, Heico Corporation, Lkd Aerospace LLC, Pma Aeroparts LLC, Spirit Aerosystems Inc., and Wencor Group LLC., among many others. In April 2024, AMETEK AMERON and Klatt Works delivered the first FAA-PMA-approved SAVED systems for Boeing 777 aircraft. This augmented reality-enabled oxygen mask enhances safety during smoke emergencies, marking a significant advancement in aviation safety products and paving the way for broader market adoption.

Global Commercial Aircraft Parts Manufacturer Approval (PMA) Market Segmentation Coverage

• On the basis of the type, the market has been bifurcated into engine, component, and others, wherein engine represents the most preferred segment. Engines have a critical focus on PMA parts, ensuring cost-effective, FAA-compliant components for maintenance and repairs, driving innovation, reliability, and operational efficiency in the commercial aviation sector.
• Based on the application, the market is categorized into small widebody, medium widebody, and large widebody. Widebody aircraft segments drive PMA demand, with small, medium, and large categories requiring tailored components to optimize maintenance costs, performance, and compliance for high-capacity international and long-haul operations.