The report, now available on ASDReports, recognizes the following companies as the key players in the Global Commercial Aircraft Parts Manufacturer Approval Market: Ametek, Parker Hannifin, Pratt & Whitney, Precision Castparts and Rockwell Collins
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
Commenting on the report, an analyst said: “Aircraft and engine lessors oppose the use of PMA parts in their aircraft. OEMs ongoing initiatives aimed at preventing PMA vendors and aircraft surplus parts brokers from encroaching on OEMs’ market share. However, these initiatives have financially affected aircraft and engine lessors, who support OEMs against the use of PMA parts. The main issue in the aircraft leasing business, especially the engine leasing sector, is the financial impact of OEM initiatives on aircraft and engine lessors. However, the lessors are not the actual target. For example, the end-of-life target for both aircraft and engine lessors is to sell their aircraft and engines to parts brokers, which are then recycled back to the MRO industry in the form of parts and components. However, OEMs do not provide technical support if any non-OEM parts are installed in the engine, thus making the warranty void. Also, OEMs do not accept such components into their MRO systems. This largely undermines the value of the asset for aircraft and engine leasing companies.”
According to the report, the demand for PMA parts has increased with their growing acceptance. However, locating and acquiring the parts is not easy as there are numerous PMA vendors in the global market. E-platforms for aircraft aftermarket parts help airlines locate relevant suppliers at any time when there is a deficit of specific parts. The ease of availability of parts can prevent expensive AOG situations. These platforms not only help customers find the necessary parts, but also allow them to confirm availability, place an order, and track the shipment.
Further, the report states that certain challenges restrict the market, including the difficulties associated with the use of PMA parts and designated engineering representative (DER) repairs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Sep 7, 2015