Next Generation Military Power Supply Market: Size, Dynamics, Regional Insights and Market Segment Analysis

Next Generation Military Power Supply Market was valued at USD 8.26 Billion in 2021, and it is expected to reach USD 13.90 Billion by 2027, exhibiting a CAGR of 9.07 % during the forecast period (2022-2027).

The next generation military power supply market is currently witnessing significant advancements because of the expeditiously changing technologies in the power industry.Around the globe, power supply markets are experiencing a significant change with rapid rise in adoption of next generation military power supply such as renewable energy and micro grids.

The next generation military power supply market performs seamlessly in various intense situations, climates and harsh terrains, etc., and it is also capable of ensuring long cycles of use with minimal maintenance, due to which it is being widely accepted and used in the military sector. The primary reason for the growth of next generation military power supply market is growing need to protect sensitive data from downtime issuesandgrid power instability, and emergence of modern warfare techniques.

The military sector requires highly reliable power supply systems, as military operations are characterized by robustness,reliability and durability. Increasing defense electronics budget in several emerging countries is expected to fuel the growth of new generation military power supply market. Also, there has been a significant adoption of COTS (Commercial Off-The-Shelf) technology which is favouring the acceptance of next generation military power supply through forecast period.
Scope of Next Generation Military Power Supply Market Report
The Next Generation Military Power Supply Market is in-depth and specialized analysis of the next generation military power supply market with a distinctiveemphasis on the global market dynamics, scope, segment, region, and competitor analysis. The Next Generation Military Power Supply Market report gives an overview of next generation military power supply market with detailed market segmentation by type, system type, component, wattage, end-user and region.

Based on type, the market is segmented into programmable and non-programmable. Based on system type, the market is segmented intointegrated power supply and discrete power supply.Based on component, the market is segmented intoHardware and Software. The Hardware is further studied across AC/DC Converter, DC/AC Converter, DC/DC Converter, and EMI Filter.Based on wattage, the market is segmented into500 W to 1,000 W; 1,001 W to 5,000 W; 5,001 W, to 10,000 W; and 10,000 W to 20,000 W.Based on end-user, the market is segmented intoAerial, Land, and Naval.Based on region, the market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa.



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Next Generation Military Power Supply Market Dynamics
Latest Innovations in Data Protection

The rising need and demand to protect sensitive data from cybercrimes or theft is likely to boost the global next-generation military power supply market. The military area is liable for shielding touchy information, such as data identified with public security, weapons, guard frameworks, systems, etc. The need to protect delicate electronic gadgets from framework power quality unsteadiness is expanding fundamentally. Intelligent matrices invigorate energy saving in force supply frameworks by enhancing the usage effectiveness and force burning-through productivity. Likewise, the increment of hardware requesting higher voltage is preparing for new market openings.

Rapid Technological Improvements in the Power Industry

Rapid technological improvements in the power industry are expected to boost market growth throughout the forecast period. Advanced military technologies are widely available throughout the world. In addition, as the demand for soundless military drone solutions is increasing the demand for military power solutions is rising. To assure the quality of military power supply, they must fulfil highly stringent criteria. A shorter design cycle means a product can be deployed in a shorter amount of time, reducing the power loss when power transistors switch from a conducting to a nonconducting state. Thus, technology innovations can be game-changers for improvements in power devices, enabling higher-power, efficient, and conduction-cooled power supplies.

Portable Electronic Devices are crucial

The advent of portable electronic devices has revolutionized warfare and has fostered the requirement of portable power for deployment. While portable power sources are vital to operating specific tactical equipment on the battlefield, they require proper logistical support. Hence, there is a widening gap between the power requirement and availability in the austere environment. Besides, the growing adoption of bright clothing has also resulted in an increased demand for portable power systems. Such factors are expected to drive the portable segment of the market during the forecast period.

COTS may restrain the market growth

The defense sector invests in commercial-off-the-shelf (COTS) products such as wearable computing, Internet of Things (IoT), 3D printing, and mobile solutions to increase defense capability through cutting-edge technology. Military companies must weigh the benefits and drawbacks of COTS vs. custom-built hardware and software and the types of COTS solutions that best fulfil their mission requirements before evaluating or adopting COTS items. Furthermore, military equipment is frequently powered by generators or batteries, and they must be carefully engineered to reduce power consumption, optimize the duration, and limit the frequency of dangerous and expensive fuel-resupply mission
Next Generation Military Power Supply Market Segment Analysis
Based on type, the next generation military power supply market is segmented into programmable and non-programmable. The programmable segment is expected to dominate the market during forecast period, as these power supplies can be modified as per requirement and is capable of supporting more than the single or dual power outputs. Another factor supporting the programmable segment growthis the remotely manageable power supply.The voltage and current of programmable power supply is capable of being adjusted over a wide range which can have multiple outputs to power multiple circuits across the system.



Based on system, the next generation military power supply is segmented into integrated power supply and discrete power supply. The integrated power supply segment is expected to dominate the market due to various benefits over discreate power such as high reliability, design simplicity, low cost of ownership, and enhanced performance.The integrated power supply segment is further sub-divided into synchronous and non-synchronous type.

Based on wattage, the next generation military power supply is segmented into 500 W to 1,000 W; 1,001 W to 5,000 W; 5,001 W, to 10,000 W; and 10,001 W to 20,000 W. The 501 W to 1,000 W segment will hold the largest market share during forecast period. This is due to wide adoption in the land segment for military vehicles, bases, and machineries. However, with the increasing demand for high power solutions, the 5,001 W to 10,000 W segment is expected to register highest CAGR.



Based on components, the market is segmented into hardware and software. The hardware segment is further sub-categorized into DC/AC convertor, AC/DC convertor, DC/DC convertor, EMI filters and others (Inductors, Transformers, etc.). In 2021, the AC/DC convertor segment accounted for nearly half of the total market share followed by DC/AC convertor. During forecast period, AC/DC segment is estimated to dominate the hardware segment due to strong revenue growth in power supplies for military communication devices and electronic components. There are several applications of AC-DC power supplies in the military sector including computers, cell phone chargers, televisions, alarms, and other electronic consumer devices. They are also used in military equipment that use DC motors.

Based on end user, the market is bifurcated into aerial, land, and naval. In 2021, land segment accounted for maximum market share, while the aerial segment is expected to expand at a highest CAGR during the forecast period due to development of advanced military aircrafts and vehicles demanding high power supply. Also, legislation regarding air pollution control demands better fuel efficient military aerial vehicles.
Next Generation Military Power Supply Market Regional Analysis
North America dominated the global new generation military power supply market in 2021. North America is expected to grow at the fastest CAGR of 4.6% during the forecast period.

The main reason for the higher revenue share of North America is the increased demand for military power solutions from the United States. One of the major factors driving the growth of revenues from North America is the deployment of US troops in various regions of the world due to the US engaging in various global conflicts. These military camps and command units use various portable military equipment, requiring compact and transportable power solutions to supply continuous or emergency power. The country focuses on enhancing the existing battery technology/power solutions onboard several of its defense platforms. United States is estimated to grow at the highest CAGR of 4.3% during the forecast period.

Exide Technologies signed an agreement to supply lead battery systems for the US Navy fleet of submarines. The US DoD is focusing on researching newer generation power solutions due to the growing demand for portable equipment carried by military personnel. The US Army, the University of Maryland, and Johns Hopkins Applied Physics Laboratory developed a new aqueous lithium-ion battery. This new battery technology can mitigate the problem of inflammation, unlike traditional lithium-ion batteries. Furthermore, the growing demand for newer power systems for powering the equipment in various land, air, and sea platforms inducted into the military is expected to propel the market's growth through the forecast period.

Asia-Pacific holds the largest share of the market after North America due to rising demand for consumer electronics, including portable healthcare electronics, increasing automation and digitization in different sectors is generating the need for power supplies, growing presence of prominent players, hiking adoption of low output power in the consumer electronics applications and telecommunication and rising demand for the latest technology products in this region. China, Japan, and South Korea are estimated to grow at the highest CAGR of 4.0%, compared to other countries.

After Asia Pacific, Europe is estimated to grow at a CAGR of 3.7% during the forecast period. United Kingdom is expected to hold the largest share in this region. The continuous emerging telecommunications sector is a vital factor in increasing market growth. However, the significant factors contributing to the development of the market are increasing adoption of low output power in the consumer electronics applications and telecommunication, rising demand for energy-efficient devices/appliances, increasing adoption and requirements of these devices in the healthcare market and devices, and rising demand for the latest technology products.
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Global Next Generation Military Power Supply Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 8.26 Bn.


Forecast Period 2022 to 2027 CAGR:
9.7%
Market Size in 2027:
US $ 13.90 Bn.


 Segments Covered:
by Type
• Programmable
• Non- Programmable


by Wattage
• 500W to 1000W
• 1001W to 5000W
• 5001W to 10000W
• 10001W to 20000W


by System
• Integrated Power Supply
• Discrete Power Supply


by Components
• Software
• Hardware
o AC/DC Converter
o DC/AC Converter
o DC/DC Converter
o EMI Filter
o Others


by End-User
• Aerial
• Land
• Naval



Next Generation Military Power Supply Market Key Players
• Mitsubishi Electric Corporation
• Abbott Technologies
• Fujitsu Limited
• Eaton Corporation PLC
• Aegis Power Systems, Inc.
• Powerbox International AB
• Advanced Conversion Technology
• AJ's Power Source Inc.
• AstrodyneTDI
• Dialog Semiconductor PLC
• Energy Technologies Inc.
• AGMA Power Systems Ltd.
• Infineon Technologies AG
• TDK-Lambda Corporation
• Spin Memory, Inc.
• Prime Power Inc.
• SynQor, Inc.
• Intel Corporation
• Texas Instruments Incorporated
• XP Power
• Milpower Source

The objective of the report is to present a comprehensive analysis of the global Next Generation Military Power Supply Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also help in understanding the Next Generation Military Power Supply Market dynamic, structure by analyzing the market segments and projecting the Next Generation Military Power Supply Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Next Generation Military Power Supply Market make the report investor’s guide.

Frequently Asked Questions:

1] What segments are covered in the Global Next Generation Military Power Supply Market report?
Ans. The segments covered in the Next Generation Military Power Supply Market report are based on Type, Wattage, End-User, System, Component and Region.

2] Which region is expected to hold the highest share in the Global Next Generation Military Power Supply Market?
Ans. The North America region is expected to hold the highest share in the Next Generation Military Power Supply Market.

3] What is the market size of the Global Next Generation Military Power Supply Market by 2027?
Ans. The market size of the Next Generation Military Power Supply Market by 2027 is expected to reach USD 13.90 Bn.

4] What is the forecast period for the Global Next Generation Military Power Supply Market?
Ans. The forecast period for the Next Generation Military Power Supply Market is 2021-2027.

5] What was the market size of the GlobalNext Generation Military Power Supply Market in 2021?
Ans. The market size of the Next Generation Military Power Supply Market in 2021 was valued at USD 8.26 Bn.