Mechanical Control Cables Market worth $11.9 billion by 2025 - PowerPoint PPT Presentation

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Mechanical Control Cables Market worth $11.9 billion by 2025

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The global mechanical control cables market for military and aerospace is estimated to be USD 8.8 billion in 2019 and is projected to reach USD 11.9 billion by 2025, at a CAGR of 5.1% from 2019 to 2025. – PowerPoint PPT presentation

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Title: Mechanical Control Cables Market worth $11.9 billion by 2025


1
According to the latest market research report
the "Mechanical Control Cables Market for
Military and Aerospace, by Application (Aerial,
Land, and Marine), Type (Push-
pull, Pull-pull), Platform, Material, End-Use
(Commercial, Defense, Non-Aero Military), and
Region - Global Forecast to 2025", is estimated
to be USD 8.8 billion in 2019 and is projected to
reach USD 11.9 billion by 2025, at a CAGR of
5.1 from 2019 to 2025. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNe
w.asp?id254157622 Mechanical control cables or
rods often referred to as push-pull control
cables or pull-pull mechanical control cables
depending on the type of motion employed to
provide a push-pull or pull-pull action to
actuate components mechanically. The mechanical
control cables market for military and aerospace
considers mechanical control cables and rods
used in military and commercial aircraft,
military vehicles, and naval vessels. The
push-pull segment is estimated to lead the
mechanical control cables market for military
and aerospace during the forecast period Based on
type, the push-pull segment is expected to
account for the largest share of the market in
2019. Push-pull control cables and rods are
mechanical devices used to actuate the
predefined motion, basically forward and backward
in a particular direction. These cables and rods
are used primarily in the flight control and
landing gear systems of an aircraft. The
increasing demand for commercial air travel
especially from emerging economies of Asia
Pacific is fueling the demand for new commercial
aircraft. According to Boeing and Airbus
forecast outlook, the world will require 39,620
and 33,070 new aircraft by the year 2035. The
aerial segment is estimated to account for the
largest share of the mechanical control cables
market for military and aerospace in 2019 Based
on the platform, the aerial segment is expected
to account for the largest share of the market
in 2019. Increasing demand for aircraft
replacements, growing demand for wide-body
aircraft with large passenger-carrying capacity
and low maintenance costs, and rising domestic
air travel due to lower flight fares are driving
the market for the aerial platform for
mechanical control cables.
2
The North America mechanical control cables
market for military and aerospace is projected
to grow at the highest CAGR from 2019 to
2025 Based on the region, North America is
expected to witness substantial growth during
the forecast period. The growth of the market in
this region can be attributed to the high
military spending in the US and the increasing
procurement of highly advanced armored vehicles.
For instance, according to the Congressional
Research Services Report 2019, funding of USD
350 million was provided for the amphibious
assault ship, LHA-9. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id254157622 About MarketsandMarkets Mar
ketsandMarkets provides quantified B2B research
on 30,000 high growth niche opportunities/threats
which will impact 70 to 80 of worldwide
companies revenues. Currently servicing 7500
customers worldwide including 80 of global
Fortune 1000 companies as clients. Almost 75,000
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approach MarketsandMarkets for their painpoints
around revenues decisions. MarketsandMarketss
flagship competitive intelligence and market
research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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