Mechanical Control Cables Market Forecasts to 2028 – Global Analysis By Type (Pull-Pull and Push-Pull), Platform (Marine, Aerial and Land), Application (Landing Gears, Engine Control, Auxiliary Control, Brake Control and Other Applications), End User and By Geography
According to Stratistics MRC, the Global Mechanical Control Cables Market is accounted for $10.23 billion in 2022 and is expected to reach $15.26 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Mechanical control cables provide a push or pull action to enable mechanical functions. These cables are attached with many other fittings such as connection pins, throttle arm, handles, forks, spring mounts, and eyes to complete the mechanical control cables. The factors driving the growth of market are increasing defense budgets, increase in demand for unmanned aerial vehicles (UAVs), need for smart weapons, growing aircraft deliveries, modernization programs in developed nations along with technological advancements.
According to the Congressional Research Services Report, funding of USD 350 million was provided for the amphibious assault ship, LHA-9. According to Boeing and Airbus forecast outlook, the world will require 39,620 and 33,070 new aircraft by the year 2035.
Market Dynamics:
Driver:
Surge in commercial aircrafts
Mechanical control cables are used in landing gears & flight control system of aircrafts. Moreover, this cable installed in aircrafts has high mechanical efficiency without any backlash, required for precision control. Increase in air passenger traffic will lead to more demand for commercial aircrafts in economies. Such growth in aviation industry is expected to boost the market.
Restraint:
Complications associated with manufacturing
Aircraft wiring is structurally complex due to multiple interconnected systems and components. Stringent regulatory requirements on reliability and redundancy increase the level of complexity. The bending of wire or damage to wires and pins during installation acts as major restraint to the market.
Opportunity:
Technological Advancements
These critical cables are needed in each system to ensure the function of an aircraft in combat. The demand for high-quality, durable and light weight non-metallic materials are on the rise. This has created an increased need for advanced integrated cabling solutions in defense applications where safety, performance and operational capabilities are critical. Increasing modernization expenditure is the major factor driving the growth of the market.
Threat:
Program delays and order backlog
Since the supply chain have become too complex, any delay in production or any sort of supply chain disruption can result in cascading effect for every firm involved at any level with the program. The current backlog in the delivery of aircraft is also a restrictive factor that is likely to hind the market growth.
Covid-19 Impact
Mechanical control cables manufacturers are forced to halt production operations due to the government-imposed lockdown in the wake of COVID-19 pandemic. Mechanical control cable manufacturing companies are forced to delay on-going product development projects due to lack of workforce caused by travel restrictions imposed by government to control the outbreak. Aircraft manufacturers are also facing shortage in equipment and raw materials supply.
The push -pull segment is expected to be the largest during the forecast period
The push -pull segment is estimated to have a lucrative growth, due to the increasing use of push -pull cables for flight control and landing gear systems. Push-pull control cables and rods are mechanical devices used to actuate the predefined motion, basically forward and backward in a particular direction. Thus, these factors boost the segment growth.
The aerial segment is expected to have the highest CAGR during the forecast period
The aerial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to these cables are used for aircraft seating, cabin equipment and landing gears. Increasing demand for aircraft replacements, growing demand for wide-body aircraft with large passenger-carrying capacity and low maintenance costs, and rising domestic air travel due to lower flight fares are enhancing the growth of the segment.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rising demand for new aircraft in emerging economies. In addition, the growing rate of replacement of the existing aircraft with new ones is another major factor driving the growth of the aerospace and defense market across the globe.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the high-technology, low-cost manufacturing capabilities it possesses, which allows for high purchasing power. Globalization allowed for easy transport of defense articles between countries which fuels the growth of the region.
Key players in the market
Some of the key players profiled in the Mechanical Control Cables Market include Cable Manufacturing & Assembly, Inc., Grand Rapids Controls, LLC., AeroControlex, Elliott Manufacturing, Loos & Co. Inc., Cablecraft Motion Controls, Lexco Cable Mfg., VPS Control Systems, Inc., Escadean Ltd., Orscheln Products, Sila Group, Wescon Controls, Glassmaster Controls Company, Inc., Kuster Holding GmbH, Ringspann GmbH, Crane Aerospace & Electronics, Tyler Madison, Inc., Bergen Cable Technology, Inc., Triumph Group and Drallim Industries Limited.
Key Developments:
In December 2021, Triumph Group announced the formation of their joint venture under the name xCelle Americas to overhaul nacelles for new generation aircraft at Triumph's Hot Springs, Arkansas repair facility.
In June 2020, Triumph Group announced its Triumph Systems & Support business unit has been awarded a five-year contract from Bell Textron, Inc. for the supply of mechanical flight controls for multiple commercial helicopter platforms.
Types Covered:
• Pull-Pull
• Push-Pull
Platforms Covered:
• Marine
• Aerial
• Land
Applications Covered:
• Landing Gears
• Engine Control
• Auxiliary Control
• Brake Control
• Other Applications
End Users Covered:
• Non-aero Military
• Commercial
• Defense
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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