The Mechanical Control Cables Market for Military and Aerospace is projected to grow from USD 10.23 billion in 2022 to USD 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 defense forces.
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The report by MarketsandMarkets provides a detailed analysis of the market, 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 control cables.
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 input transmission.
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 control cables.
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 technological superiority against adversaries in a contested environment. 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.
Key Market Players
The major players operating in the mechanical control cables market for aerospace and defense include Triumph Group, Inc. (US), Crane Aerospace & Electronics (US), Elliott Manufacturing (US), Loos & Co., Inc. (US), and Bergen Cable Technology (US).
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