The Mechanical Control Cables Market for Military and Aerospace - A Growing Industry

1. TheMechanicalControlCablesMarketfor Military and Aerospace: A GrowingIndustry The Mechanical Control Cables Marketfor Military and Aerospace is projected to grow from USD10.23 billion in 2022 toUSD 12.98 billion by 2027,at a CAGR of 4.9% during the forecast period. The demand for mechanical control cables is driven by the demand of aerospace and military platforms as part of the ongoing modernization initiatives undertaken by the defenseforces. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254157622 ThereportbyMarketsandMarketsprovidesadetailedanalysisofthemarket,based on application, type, platform, material, end-use, and region. The aerial segment is estimated to account for the largest share of the mechanical control cables market during the forecast period. The increasing demand for aircraft replacements, wide- body aircraft with large passenger-carrying capacity, and low maintenance costs, as well as domestic air travel due to lower flight fares, are anticipated to drive the demand for mechanical controlcables. Based on type, the push-pull segment is projected to lead the mechanical control cables market during the forecast period. The increasing demand for commercial air travel, especially from emerging economies of Asia Pacific, is fuelling the demand for new commercial aircraft, which in turn is driving the requirement for mechanical cable controls for integration into the aircraft to facilitate flight control and other operational inputtransmission. The commercial segment is expected to dominate the market share during the forecast period. An increase in new aircraft demand and deliveries on account of rapidly growing air passenger traffic is expected to be a major driver bolstering the growth of the demand for mechanical controlcables. North America is projected to account for the largest share in 2022, due to significant R&D investments by domestic players in aerospace and defense systems. The US’ aerospace and defense sector has increased its spending over the last five years, owing to the US government’s focus on enhancing and maintaining technologicalsuperiorityagainstadversariesinacontestedenvironment.Thegrowth ofthemarketinthisregioncanbeattributedtothehighmilitaryspendingintheUS and the increasing procurement of highly advanced armoredvehicles.

2. Key MarketPlayers The major players operating in the mechanical control cables market for aerospace and defense include Triumph Group, Inc. (US), Crane Aerospace & Electronics (US), ElliottManufacturing(US),Loos&Co.,Inc.(US),andBergenCableTechnology(US). Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=254157622 AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441