Mechanical Control Cables Market Size is Anticipated USD 18.42 Billion by 2032, at a CAGR of 11.4% by 2024–2032 Mechanical control cables are increasingly being used in the military and aerospace industry. The mechanical control cables are known as the cables that offer a push-pull or other action in order to activate the different components mechanically. These cables have a mechanical cable that comes with attached forks, eyes, handles, studs, and other essential fittings. On the basis of employed motion type, the mechanical control cables are categorized as push-pull mechanical control cables or pull-pull mechanical control cables. The push-pull mechanical control cables facilitate compression to push motion in one direction, and tension pulls motion in the other direction. The push-pull cables can serve as replacements in pneumatic, hydraulic, and electrical control systems.
The increase in the manufacturing of defense and military aircraft is likely to propel the mechanical control cables market for military and aerospace growth. The mechanical control cables find use in the flight control system and landing gears of aircraft. It helps in ensuring precise control of the aircraft. Mechanical control cables, when incorporated in automobiles, can perform a number of tasks such as brake engagement, engine choke, power take-off management, drive management, speed selection, throttle control, and clutch management. The adoption of mechanical control cables in military vehicles will increase efficiency and ensure precision control. The global mechanical control cables market for military and aerospace size is expected to witness significant growth during the forecast period.
Covid-19 Impact Analysis
The Covid-19 outbreak has a significant impact on the mechanical control cables market for military and aerospace growth. Owing to the government restriction imposed in the form of lockdowns and shutdowns, the global market for military and aerospacewas affected. The manufacturers of the mechanical control cables were forced to stop their production operations. The manufacturing and supply of mechanical control cables were significantly affected. This has negatively impacted the industry growth.
The key players in the mechanical control cables market for military and aerospaceare continuously putting efforts in order to revive the market growth. The major players in the industry are adopting strategies such as mergers and acquisitions to accelerate the growth and increase the market share. The easing of the restrictions of the government is likely to facilitate the market growth in the coming years.
Market Dynamics
Key Market Drivers
The increase in the demand for commercial aircraft is one of the major driving factors that accelerates the mechanical control cables market for military and aerospace growth. There will be a need for more than 39,000 aircraft in the next 20 years to deal with the rapidly increasing air traffic. The increase in air passenger traffic will necessitate the need for more commercial aircraft in the future.
The increase in the demand for military vehicles is likely to drive the growth of the mechanical control cables market for military and aerospace.
Key Market Opportunities
The increase in the adoption of process automation systems is expected to create lucrative opportunities for the mechanical control cables market for military and aerospace growth. The increase in air passenger traffic is another significant factor that will propel the growth of the market.
As per the mechanical control cables market for military and aerospace trends, more and more people are choosing to travel by air in order to save time and reach their destinations earlier. It will create more opportunities for the expansion of the global market. According to the market analysis, the military modernization programs will also pave the path for the growth of the market. The increase in expenditure by defense authorities is another factor that creates opportunities for global market growth.
Key Market Restraints
The high installation cost is one of the major restraining factors that limit the growth of the mechanical control cables market for military and aerospace. The current backlog in the delivery of aircraft is also a restraining factor that is likely to hind the market growth.
Key Market Threats
The challenges relating to the production and installation of the mechanical control cables are a major threat to the mechanical control cables market for military and aerospace. The key players in the industries need to overcome this threat to ensure optimum market.
Segment Overview
The global market is divided on the basis of type, end-use, application, material, and geographical region.
By Type
On the basis of type, the global mechanical control cables market for military and aerospaceis divided into push-pull and pull-pull. According to the market forecast, the push-pull market segment is anticipated to register the highest CAGR during the forecast period. The push-pull cables are the mechanical devices used in different applications that require predefined motion such as backward and forward motion. These cables find wide use in land gear and flight control systems of the aircraft. The rise in demand for commercial air travel is expected to boost the growth of the push-pull market segment.
By End-Use
On the basis of end-use, the global mechanical control cables market for military and aerospaceis divided into commercial and defense. The commercial segment is expected to lead the global market during the forecast period. The rise in the delivery of commercial aircraft in the Asia Pacific region accounts for the growth of the commercial end-use segment.
By Application
On the basis of applications, the global mechanical control cables market for military and aerospaceis divided into land, marine, and aerial.
By Material
On the basis of material, the global mechanical control cables market for military and aerospace is divided into wire material and jacket material. As per the market analysis, the wire material segment is expected to register the highest CAGR during the forecast period. Wires can be multiple non-insulated conductors or single conductors made from aluminum or copper. Different varieties of wired material mechanical cables are leveraged for engine control, flight control, wired material mechanical cables, and auxiliary control.
By Geographical Region
On the basis of geographical region, the global mechanical control cables market for military and aerospace is divided into North America, Latin America, the Middle East, and Africa, Asia Pacific, and Europe.
Geographical Region Analysis
Based on geography, the global mechanical control cables market for military and aerospace is divided into North America, Latin America, the Middle East, and Africa, Asia Pacific, and Europe. North America is anticipated to occupy the largest market share.
As per the market outlook, the increasing advancement in the military infrastructure accounts for the larger share of the market region.
Competitive Landscape
The key players of the global mechanical control cables market for military and aerospace are:
Recent Developments
In May 2021, Crane Aerospace & Electronics collaborated with BAE Systems for the better development of power management systems.
Report Overview
The report provides a detailed overview of the global mechanical control cables market for military and aerospace. It provides the forecast of the market on the basis of different segments. The mechanical control cables market for military and aerospace analysis report sheds light on the important dynamics of the global market, such as driving factors, opportunities, threats, and challenges. It also covers the mechanical control cables market for military and aerospace trendsand highlights the key players in the industry.
Segmental Table
By Type:
By End-user:
By Application:
By Material:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 18.42 Billion (2030) |
| CAGR | 11.4% (2022-2030) |
| Base Year | 2019 |
| Forecast Period | 2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, End-Use |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Bergen Cable Technology, Inc., Cable Manufacturing & Assembly, Inc., Crane Aerospace & Electronics, Elliott Manufacturing, Glassmaster Controls Company, Inc, Loos & Co. Inc., Orscheln Products, Triumph Group, Tyler Madison, Inc., Wescon Controls |
| Key Market Opportunities | Military Modernization Programs |
| Key Market Drivers |
|
Mechanical Control Cables Market Highlights:
Frequently Asked Questions (FAQ) :
Global Mechanical Control Cables market is touted to record a substantial market valuation of USD 18.42 billion by 2030.
Global Mechanical Control Cables market is projected to register a moderate 11.4% CAGR in the forecast period.
The push-pull segment is expected to observe substantial demand over the review period.
The commercial segment is slated to expand as the fastest-growing segment.
A few eminent market players operating in the global Mechanical Control Cables market are Bergen Cable Technology, Inc., Cable Manufacturing & Assembly, Inc., Crane Aerospace & Electronics, among others.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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