Thus, the growth of the US shipbuilding industry is one of the most significant factors which will lead to an increase in the market for shipbuilding related mechanical components, including mechanical control cables. The aerial segment is expected to register the highest CAGE as the increasing demand for aircraft replacements, increasing demand for wide body aircraft with large passenger-carrying capacity and low maintenance costs, increasing domestic air travel due to lower flight fares, are anticipated to drive the demand for mechanical control cables. Aircraft wiring is structurally complex due to multiple interconnected systems and components. Multiple incompatible wireless protocols currently exist. Although wireless DMX512 networks can function over distances exceeding 3,000 feet (910 m) under ideal conditions, most wireless DMX512 links are limited to a maximum distance of 1,000-1,500 feet (300-460 m) to ensure reliable operation. Previously, the major aircraft OEMs and their facilities were limited to developed economies based in North America and Europe, however, a rapid boom has been recorded in the development of new facilities for both aerospace manufacturing and maintenance in Asia Pacific. The company has a presence in the US, Mexico, Asia, Europe, Australia, and New Zealand. The company operates at 42 locations across North America, Europe, and Asia.

The company is headquartered in Connecticut (US) and has ten main production locations across North America, Asia Pacific, and Europe. The company offers mechanical components through the integrated systems business segment for controls and actuation systems. It operates through four business segments, such as fluid handling, payment & merchandising technologies, aerospace & electronics, and engineered materials. Wires used in aircraft contain stranded conductors for flexibility and consist of several materials and layers of insulation for thermal protection, abrasion resistance, moisture resistance, and fluid resistance. The company offers sensing & utility systems, fluid management, power solutions, landing systems, cabin systems, and microwave solutions through the aerospace & electronics segment. The company offers products through the defense segment that can be used for military aircraft, rockets, ships, and vehicles around the world. For instance, in September 2022, the US expedited its plans for procuring new armored vehicles due to the ongoing Russia-Ukraine conflict. For instance, the production delay in the ARJ21 and C919 aircraft program, which was scheduled to start in 2016 but was delayed due to several issues with the aircraft, resulted in losses worth millions for the entire supply chain as the involved firms were required to adjust their production plans as per the changes in the aircraft schedule.

This has resulted in a gradual but consistent increase in global defense spending on the procurement and modernization of military platforms across all domains of warfare. The OEM and aftermarket aspects of commercial aircraft has been considered under the commercial segment and an increase in new aircraft demand and deliveries on account of a rapidly growing air passenger traffic is expected to be a major driver bolstering the growth of the demand for mechanical control cables during the forecast period. Stringent regulatory requirements on reliability and redundancy increase the level of complexity. Since the supply chains 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. Enhanced Fiber Optic Guided Missile (EFOG-M) program from the 1980s. Being able to see from the missile’s point of view meant the operator could engage targets beyond their line of sight; a light vehicle carrying racks of EFOG-Ms would be able to destroy enemy armor a long range.

The increasing R&D efforts being undertaken by aircraft OEMs and supply chain players to design aircraft with enhanced performance parameters and integrated with advanced navigational technologies and flight control systems is driving the demand for mechanical cable controls as these cables are extensively used not only for the aforementioned systems but also for aircraft seating and cabin equipment, and landing gears. Based on platform, the mechanical control cables market for military and aerospace has been classified into aerial, land, and marine. Based on application, the mechanical control cables market for military and aerospace market is segmented into aerial, land, what is control cable and marine. To ensure reliable performance, control cables are often equipped with features like UL ratings and protective shielding, allowing them to withstand harsh environmental conditions and frequent flexing during installation. Based on end-use, the mechanical control cables market for military and aerospace has been segmented into commercial, defense, and non-aero military. Control cables are the lifeline of automated systems, instrumentation, and applications of similar nature.