Mechanical Control Cables Industry Size Expected to Grow at a CAGR over 11.4% from 2018 to 2026


Posted November 12, 2020 by nita01

Global Mechanical Control Cables Industry for Military and Aerospace applications is projected to be valued at USD 18.42 Billion by 2026, recording a CAGR of 11.4
 
Global Mechanical Control Cables Industry for Military and Aerospace.
Industry Forecast

Global Mechanical Control Cables Industry for Military and Aerospace applications is projected to be valued at USD 18.42 Billion by 2026, recording a CAGR of 11.4% during the forecast period 2019–2026. The increasing air passenger traffic along with the increase in demand for new aircraft is primarily driving the growth of the Industry. Furthermore, the increasing demand for military land vehicles is driving the growth of the Industry.
Industry USP

High dependency of mechanical systems on control cables for actuation

Growth Opportunities in the Industry

The Pull-Pull Segment Accounted for the Largest Industry Share in 2019: The pull-pull segment accounted for the largest Industry share in 2019 and is expected to register the higher CAGR during the review period. This is due to the increasing use of pull-pull cables for engine control, auxiliary control, and brake control. The push-pull segment is expected to record a lower CAGR during the forecast period.


The Land Segment Is Expected to Register the Highest Growth in the Industry: The land segment is expected to register the highest CAGR during the review period. The increasing use of mechanical control cables in military combat vehicles such as main battle tanks, armored fighting vehicles, amphibious armored vehicles, and light tactical vehicles. The air segment is expected to register a lower CAGR during the forecast period.
The Defense Segment Accounted for the Largest Industry Share in 2019: The defense segment is expected to record the highest CAGR during the forecast period from 2019 to 2026. This is due to the increase in the large fleets of military combat vehicles, aircraft, and naval vessels. The commercial segment is expected to record a steady CAGR during the forecast period.

Key Players
• 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

Other Prominent Players
• AeroControlex
• Cablecraft Motion Controls
• Drallim Industries Limited
• Escadean LTD
• Grand Rapids Controls, LLC
Access Report Details @ https://www.Industryresearchfuture.com/reports/mechanical-control-cables-Industry-9524
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Country Italy
Categories Aerospace
Tags Mechanical Control Cables Industry
Last Updated November 12, 2020