Mechanical Control Cables Market Outlook and Forecast to 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. Increasing air passenger traffic
and demand for commercial aircraft
are anticipated driving the market growth.
According to SIPRI Trends in World
Military Expenditure Database 2018, the US alone
accounted for a 36 share of the global
military spending in 2018. The countrys
offshore sector offers attractive
business opportunities for foreign shipbuilding
companies. Thus, the growth of the US
shipbuilding industry is one of the most
significant factors which will lead to an
increase in the market for shipbuilding related
mechanical components. This demand will drive
the market for mechanical control
cables. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id254157622 Th
e commercial segment to lead the mechanical
control cables market for military and aerospace
during the forecast period Based on the end-use,
the commercial segment is estimated to account
for the largest share of the market in 2019. An
increase in new commercial aircraft deliveries in
Asia Pacific and modernizations and maintenance
activities are expected to drive the commercial
end-use segment. With the rise in air travel,
there is an increase in the fleet size of
commercial aircraft. This is expected to drive
the mechanical control cables aftermarket.
According to Boeing Commercial Market Outlook
2019, the commercial aircraft fleet is expected
to increase from 25,830 in 2018 to 50,660 by
2038. This increase in fleet is expected to be
one of the driving factors for the growth of the
mechanical control cables aftermarket. Wire
material segment projected to grow at a higher
CAGR during the forecast period as compared to
the jacket material Based on material, the wire
material segment is estimated to account for the
higher CAGR in the mechanical control cables
market for military and aerospace in 2019. Wires
can be a single conductor or multiple
non-insulated conductors made from copper or
aluminum. Wires are used in aircraft contain
stranded conductors for flexibility and consist
of several materials and layers of insulation for
thermal protection, abrasion resistance,
moisture resistance, and fluid resistance. Various
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types of wired material mechanical cables are
used in flight control, engine control,
auxiliary control, and landing gear
applications. North America is estimated to
account for the largest share of the mechanical
control cables market for military and aerospace
in 2018 North America is a major potential market
for mechanical control cables for military and
aerospace. North America can be considered a
mature market because of the developments in
this region are mostly for the advancement of
existing infrastructure such as procurement of
armored vehicles for army and navy. Key Market
Players The key market players in the mechanical
control cables market for military and aerospace
are 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
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