Mechanical Control Cables Market value $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. 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. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id254157622 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. According to the World
Bank, the North American region contributes up to
28 (approximately) of the worlds GDP. North
America is also considered as a key region for
maritime activities, and the growth of coastal
shipping in this region is also propelling the
demand for military ships. The US is also
considered the procurement of 49,099 vehicles
for its army and over 6,000 vehicles for its
naval force in 2018. Key Market Players Major
players in the global mechanical control cables
market for military and aerospace include Crane
Aerospace Electronics (US), Triumph Group (US),
Elliott Manufacturing (US), Orscheln Products
(US), Glassmaster Controls Company, Inc. (US),
Loos Co. Inc. (US), Bergen Cable Technology,
Inc. (US), Cable Manufacturing Assembly, Inc.
(US), Wescon Controls (US), Tyler Madison, Inc.
(US), Escadean Ltd. (UK), Sila Group (Italy),
Cablecraft Motion Controls (US), Ringspann GmbH
(Germany), Lexco Cable Mfg. (US), Drallim
Industries Limited (UK), Grand Rapids Controls,
LLC. (US), VPS Control Systems, Inc. (US),
AeroControlex (US) and Küster Holding GmbH
(Germany), among others. Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
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