London, 27 July 2015 – 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.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
