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Electric power systems providers are part of a broader ecosystem within the aerospace industry supply chain, where hundreds of companies co-exist with varying levels of complementarity and dependency.
Commercial aviation has been seeing the highest levels of growth in recent years. Orders for new aircraft peaked in 2018, pushing the supply chain to capacity limits, which resulted in significant delays in deliveries and economic losses for OEMs and system integrators.
A series of transformations in the supply chain included several deals that led to a strong market concentration in the hands of large participants - now vertically integrated to improve efficiency, increase productivity, and remain competitive.