Mechanical Control Cables Market Set to Grow at the Fastest Rate - PowerPoint PPT Presentation

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Mechanical Control Cables Market Set to Grow at the Fastest Rate

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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 Set to Grow at the Fastest Rate


1
Mechanical Control Cables Market Set to Grow at
the Fastest Rate - Time to Grow your Revenue The
report "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.
Browse Tables spread
110 market data and 34 Figures through 153
Pages
and in-depth TOC on "Mechanical Control
Cables Market for Military and Aerospace -
Global Forecast to 2025" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.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.
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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. 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/request
sampleNew.asp?id254157622 About
MarketsandMarkets MarketsandMarkets 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
3
Fortune 1000 companies as clients. Almost 75,000
top officers across eight industries worldwide
approach MarketsandMarkets for their
painpoints around revenues decisions. Marketsand
Marketss 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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