Technavio Says the Growing Availability of E-Platforms Will Drive the Global Commercial Aircraft Aftermarket Parts Market Through 2019
By Business Wire News
By Business Wire News
Technavio, a tech-focused research firm published a new report on the global commercial aircraft aftermarket parts market,which is expected to grow at a CAGR of almost 6% from 2015-2019.
According to the latest market research report by Technavio, there has been a rise in the use of online aviation spare parts platforms globally for the aircraft aftermarket parts industry, which also serves as an alternative for aviation aftermarket parts suppliers to extend their market reach and boost their sales.
“E-platforms increase the network of aviation spare parts supply by enabling end-users to establish business connections, resolve component and service-related issues through global reach, and analyze the aftermarket,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes parts manufacturer approval (PMA), which are identical in design specifications and part number to those of original equipment manufacturers (OEM), only differentiated with a prefix or suffix to distinguish them from OEM parts and to maintain traceability.
“The US and European authorities and several national civil aviation authorities worldwide have stated that PMA parts are similar to OEM parts in terms of reliability and quality,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Military Aerospace Engine and Engine Parts Market 2015-2019
- Global Spare Parts Logistics Market 2015-2019
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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