PMA Market Expected To Grow 15% This Year

By Kristin Majcher .

The commercial parts manufacturer approval market is forecast to grow at a “robust” rate of 15% by yearend, reports aerospace consultant AeroStrategy, adding that PMA market value stood at $367 million in 2010, up 4% from 2009. The company expects the value to reach $665 million by 2015 and the market to achieve 12% annual growth between 2012 and 2015. The percentage of PMA penetration per total material consumption will increase ...

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