COVID-19 Impact on Aircraft Ground Equipment in Semiconductors and Electronics Industry | Data Bridge Market Research


Posted May 18, 2021 by digitalmarketing7793

The demand for transport has declined as people were restricted from travelling, which has ultimately affected the aircraft ground support equipment. The travelling of passengers has decreased due to government restrictions imposed

 
COVID-19 Impact on Aircraft Ground Equipment in Semiconductors and Electronics Industry

Coronavirus disease has created a pandemic scenario worldwide, and as until the date, the remedies or vaccine for humans every day save from corona is not determined. The growing spread and uncontrollable effect on human life are hampering the economic system. The government has already taken preventive measures in the form of lockdown to mitigate the risk of infection and control the outbreak of the virus. Air transport is small, but it is an integral part of the economy of any country. It relies on several upstream sectors, support activities to air transportation, aircraft manufacturing and rental and leasing services. The change in passengers' behavior following the COVID-19 crises, travel restrictions, and the ensuing economic crises have resulted in a dramatic drop in demand for airline services, resulting in the decline of the ground support equipment market. A large portion of the ground handling industry has already been negatively affected, as airline passenger traffic plummeted and demands for ground services declined.
For instance, the U.S. passengers count have decreased more than 96 percent since March 1st, 2020 due to government restrictions on travelling, which has affected the aviation industry and the ground support equipment services. As a result, as of May 2020, the market for new and used ground support equipment is fragile with no activity as the airline companies had shut down their operations due to government restrictions.

AFTERMATH STRATEGIES FOR AIRCRAFT GROUND SUPPORT EQUIPMENT MARKET AND GOVERNMENT ROLE
The COVID-19 created a significant impact on manufacturing operations as the government of various countries highlighted the importance of health and safety, which increased the demand for intelligent solutions in manufacturing operations. Many strategic decisions are taken by companies, such as partnerships and new product development to boost ground support equipment. The government plays an important role as the restrictions on travelling has been relaxed and the airline companies are resuming their operations and ground support equipment services have also been renewed.
For instance,
Wollard International and ThorDrive have announced a strategic alliance that will produce fully autonomous ground support equipment. These autonomous tractors will operate using LIDAR sensors and camera vision and recognize the familiar objects from the environment, such as aircraft, wing-walkers and other objects. This strategic alliance for developing technologically advanced products will sure enhance market growth.
The COVID-19 created a significant impact on manufacturing operations as the government of various countries highlighted the importance of health and safety, which increased the demand for intelligent solutions in manufacturing operations. Many strategic decisions are taken by companies, such as partnerships and new product development to boost ground support equipment. The government plays an important role as the restrictions on travelling has been relaxed and the airline companies are resuming their operations and ground support equipment services have also been renewed.
For instance,
Wollard International and ThorDrive have announced a strategic alliance that will produce fully autonomous ground support equipment. These autonomous tractors will operate using LIDAR sensors and camera vision and recognize the familiar objects from the environment, such as aircraft, wing-walkers and other objects. This strategic alliance for developing technologically advanced products will sure enhance market growth.
OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION
The other opportunities have arisen in the absence of passenger travel, such as escalating importance of cargo used for consumer goods, pharmaceuticals and medical supplies, which boosted the ground equipment services.
For instance,
AVRO GSE, has a product called GSE telematics which has revolutionized the ground handling industry by helping ground handlers cut costs and enhanced safety. GSE telematics' benefit is that it helps managers effectively manage their team by increasing safety. The airline industry is trying to reduce costs by introducing new products such as electric ground support equipment. The introduction of new electric GSE has revolutionized ground operations by providing a cleaner environment and energy-efficient technology.
STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE
The companies have taken many strategic decisions to advantage the marketplace their market share after COVID-19. The heavy investments were finished in R&D to leverage the technological advancements in aircraft ground support equipment market.
Developing New Solution
The U.S. based MAK controls had successfully delivered 30TR customized ACU for Boeing company for their CH-47 F Chinook helicopter. This new product development by the companies will surely boost the market for ground support equipment market.
Offer New Services to Manage the Aircraft Ground Support Equipment
The companies are trying to offer new product and services to the customers with new product development. By maximizing the operational opportunities to minimize fuel usage and emissions from the ground support equipment market, the companies offer new services.
Other Growth Opportunities for Market Players to Pursue in 2020
Stronger collaboration in the supply chain process and more focus on risk management and supply chain resiliency are the aircraft ground support equipment market's main drivers. This also includes disruptions can be detected on time, close cooperation with supplier and distributors so alternative supply routes can be found on an emergency with a good incident response plan. Strategic alliance, partnerships, and new product developments are the market players' growth opportunities to regain their market share.
covid-19-impact-on-aircraft-ground-equipment-in-semiconductors-and-electronics-industry

PRICE IMPACT
The COVID-19 lockdown imposed by the countries' governments had adversely impacted transportation prices due to the implementation of social distancing. The prices of the equipment have increased due to an increase in operational cost and transportation cost.

IMPACT ON DEMAND
The demand for transport has declined as people were restricted from travelling, which has ultimately affected the aircraft ground support equipment. The travelling of passengers has decreased due to government restrictions imposed, reducing the ground support equipment and its services.

IMPACT ON SUPPLY CHAIN
The COVID-19 pandemic has adversely affected the supply chain market, which ends with the scarcity of supply of components, services which the organizations provided for ground support equipment. The transportation cost has also increased due to the COVID-19 pandemic, which has also affected the operational costs.

CONCLUSION
Operational intelligence is an important factor for the ground support equipment to concentrate on as they should be aware of potential failures they happen. The aircraft ground support equipment running in an open environment should be equipped with geolocation sensors that will help tackle accidents and mishaps. Automation will ultimately help in tackling mishaps and also for the betterment of human life. The new product developments and new service launch by the companies are boosting the market growth. The launch of autonomous ground support equipment will help in increased safety and reduced costs.
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Issued By DBMR
Business Address Pune
Country India
Categories Aerospace , Electronics , Semiconductors
Tags Aircraft Ground Equipment Market, , Aircraft Ground Equipment Market Analysis, , Aircraft Ground Equipment Market Analysis in Developed Countries, , Aircraft Ground Equipment Market by Application, , Aircraft Ground Equipment Market by Type, , Aircraft Ground Equipment Market Development, , Aircraft Ground Equipment Market Forecast, , Aircraft Ground Equipment Market Future Innovation
Last Updated May 18, 2021