The Global Mechanical Control Cables Market for Military and Aerospace sectors is poised for significant growth, projected to reach USD 12.98 billion by 2027, with a compound annual growth rate (CAGR) of 4.9% during the forecast period. The latest report titled "Mechanical Control Cables Market for Military and Aerospace" highlights the increasing demand for aerospace and military platforms as part of ongoing modernization initiatives undertaken by defense forces worldwide.
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The report, featuring in-depth market analysis and insights, offers valuable information on applications, types, platforms, materials, end-use, and regional trends. According to the findings, the aerial segment is anticipated to account for the largest market share in the mechanical control cables market during the forecast period. The rising demand for aircraft replacements, wide body aircraft with larger passenger-carrying capacity, and cost-effective maintenance contribute to the significant growth of mechanical control cables in the aerial segment.
Among the types of mechanical control cables, the push-pull segment is expected to lead the market, driven by the increasing demand for new commercial aircraft, especially from emerging economies in the Asia Pacific region. As commercial air travel expands, the requirement for mechanical cable controls for flight control and operational input transmission becomes crucial.
The commercial end-use segment is projected to dominate the market share during the forecast period. With the rising demand for new aircraft and growing air passenger traffic, the demand for mechanical control cables in the original equipment manufacturer (OEM) and aftermarket segments of commercial aircraft is set to surge.
Geographically, North America is anticipated to account for the largest market share in 2022. The region's prominent position is attributed to substantial research and development investments by domestic players in aerospace and defense systems. The US, in particular, has increased its aerospace and defense spending, focusing on technological superiority in a contested environment. Additionally, the growth of coastal shipping and high military spending in the US are factors driving the demand for military ships and advanced armored vehicles.
Key Market Players
Key players operating in the mechanical control cables market for aerospace and defense include Triumph Group, Inc., Crane Aerospace & Electronics, Elliott Manufacturing, Loos & Co., Inc., and Bergen Cable Technology.
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