The commercial aircraft PMA market is segmented by type (engine, component, and others), application (small widebody, medium widebody, and large widebody), and geography (APAC, North America, Europe, Middle East and Africa, and South America). An increase in the adoption of additive manufacturing is the major commercial aircraft PMA market trend which will positively influence the market value.
The commercial aircraft PMA market share will value over USD 206.72 million by 2027
It is estimated to expand at a CAGR of 5.66% from 2022 to 2027
The commercial aircraft PMA market size will witness a YOY growth rate of 5.26% in 2023
Get a peek into the Commercial Aircraft PMA Market Analysis Report 2023-2027. Unlock the Sample Report The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 591.31 Million.
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Additive manufacturing or 3D printing is used in the aerospace sector to manufacture aircraft and engine components. The use of additive manufacturing technology enables aircraft companies to verify a design before investing in expensive molding tools. Additive manufacturing reduces inventory costs and decreases the weight of components, which makes an aircraft much lighter and thus improves its efficiency and performance.
The number of air passengers is expected to grow rapidly due to the rapidly increasing global travel and tourism industry. This will lead to growth in the number of air passengers, thus, encouraging service providers to enhance their overall air transport services and increase the number of fleets in order to cater to the growing demand.
Some of the major commercial aircraft PMA market vendors are:
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The growing popularity of recycled aircraft parts is the major hindrance for market players
The commercial aircraft PMA market structure is fragmented in nature.
43% of the commercial aircraft PMA market growth will develop from APAC.
The market growth by the engine segment will be significant during 2023-2027.
