The global mechanical control cables market for military and aerospace is projected to grow from USD 8.8 billion in 2019 to USD 11.9 billion by 2025, at a CAGR of 5.1% from 2019 to 2025. Increasing air passenger traffic and demand for commercial aircraft are likely to drive market growth in the coming years.
Major Mechanical Control Cables Market for Military and Aerospace Companies Include:
These players have adopted various strategies, such as new product launches & developments, contracts, agreements, partnerships, joint ventures, and expansions, to strengthen their footholds in the mechanical control cables market. Of these, new product developments, contracts, and agreements were the major strategies adopted by market players between 2015 and 2019 to enable them to enhance their product portfolios with innovative products and expand their customer bases.
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Triumph Group is a major player in the mechanical control cables market for military and aerospace. The company offers a wide range of control cables for various applications and has a strong customer base of aircraft manufacturers and airlines. Triumph Group has its manufacturing facilities, sales & service affiliates, and business partner network across North America and Europe among other countries. This enables it to provide worldwide customer support and consultation.
Crane Aerospace & Electronics is another player in the mechanical control cables market for military and aerospace. The company provides control cables, input modules, and output modules for a wide range of applications. High focus on R&D has resulted in the development of innovative products. Crane Aerospace & Electronics is leveraging its expertise in mechanical products that are aligned with the changing market needs.
Elliott Manufacturing is among the top manufacturers of mechanical control cables in the market. It operates through eight business segments, namely, aerospace, agriculture, commercial, defense, marine, medical, lawn & garden, and power generation. The company offers products through the defense segment that can be used for military aircraft, rockets, ships, and vehicles around the world. Elliott caters to agriculture, aerospace, automotive, commercial, and industrial markets. The company has a presence in the US, Mexico, Asia, Europe, Australia, and New Zealand.
Related Reports:
Mechanical Control Cable Market for Military and Aerospace, by Application (Aerial, Land, and Marine), Type (Push-pull, Pull-pull), Platform, Material, End-Use (Commercial, Defense, Non-Aero Military), and Region - Global Forecast to 2025
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