Market Forecast
Global Mechanical Control Cables Market 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 market. Furthermore, the increasing demand for military land vehicles is driving the growth of the market.
Market USP
High dependency of mechanical systems on control cables for actuation
Growth Opportunities in the Market
The Pull-Pull Segment Accounted for the Largest Market Share in 2019: The pull-pull segment accounted for the largest market 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 Market: 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 Market 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
Cablecraft Motion Controls
Drallim Industries Limited
Escadean LTD
Grand Rapids Controls, LLC
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