NEW JERSEY,Washington: The global pandemic situation prompted raw material providers to revise their 2020 production programs, investment projects, and collaboration/partnership activities. VSMPO-Avisma, Constellium SE, and Hexcel are some of the prominent raw material providers that have planned to reduce their production volumes by ~30% in 2020, owing to the spread of COVID-19. Furthermore, demand for new aircraft and aircraft repair plunged, and the customers of these raw material providers have almost suspended production capacity.
An informative study on the UAV Jammers market from 2020-2027 has lately released for the database of global info reports that helps by making business conclusions and shape the future of the organizations.
Aircraft engine manufacturers such as GE Aviation, UTC, and MTU Aero engines have temporarily suspended their engine production assembly lines. Furthermore, these aero-engine manufacturers are suspending discretionary spending on an immediate basis, which include discretionary engineering and development programs, new product/design development activity, and reducing their capital spending on manufacturing facilities.
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The Leading Key Players during this Industry: Key players operating in the UAV jammers market include the Blighter Surveillance Systems Ltd., Thales Group, Saab AB, Lockheed Martin Corp., Raytheon Co., Dedrone Inc., Security and Counterintelligence Group LLC, Israel Aerospace Industries Ltd., Droneshield Ltd., and Theiss Uav Solutions, LLC.
As the demand for aircrafts is reduced, the Maintenance, Repair & Overhaul (MRO) service providers have to deal with excess capacity, as the transition occurs from servicing legacy aircraft to new aircraft. However, the MRO service providers are dealing with cost-pressures, as they are providing support and maintenance to their customer’s old aircraft under renewed cost structure. MRO players with access to new technology fleets are expected to be in a better position and have the ability to ramp-up their operations speedily.
Against this backdrop, the airlines service providers are pushing back their delivery schedules and are planning to phase out more maintenance-intensive aircraft in the coming years. For instance, Lufthansa Group has shown intent to reduce its 760- strong fleet by approximately 100 aircraft by 2023. The primary objective of these vendors is to operate their business operations at the same traffic volume, but with smaller and fuel-efficient fleets that are developed using advanced technology.
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