Next Generation Military Power Supply Market
Next Generation Military Power Supply Market Forecasts to 2030 - Global Analysis By Type (Uninterruptible Power Supplies (UPS), External Power Supplies, Frequency Converters, Inverters and Other Types), Component, Power Density, Mode of Operation, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Next Generation Military Power Supply Market is accounted for $13.17 billion in 2023 and is expected to reach $23.16 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Next generation military power supply refers to advanced, resilient, and efficient energy sources designed for military applications. These power supplies employ cutting-edge technologies such as high-energy-density batteries, renewable energy sources, and advanced power management systems to ensure reliable performance in diverse operational environments. They aim to minimize logistical burdens by maximizing energy efficiency and reducing the need for frequent refuelling or recharging.
According to USAFacts, the U.S. Government invested a combined total of US$ 837 bn for the military power supply in 2020.
Market Dynamics:
Driver:
Growing defense budgets globally
Growing defense budgets globally stimulate the demand for advanced military technologies, including NGMPS systems. These systems are crucial for powering modern defense equipment, such as electronic warfare systems, UAVs, and advanced communication devices. As defense spending increases, governments invest in upgrading their military capabilities. The need for reliable and efficient power supply solutions to support increasingly complex defense systems further boosts market expansion, creating opportunities for manufacturers and suppliers in the NGMPS sector.
Restraint:
Technology integration challenges
Technology integration challenges encompass issues such as interoperability, standardization, and cybersecurity concerns. Ensuring seamless integration of advanced power supply systems with diverse military equipment and platforms demands rigorous testing, validation, and adaptation processes, often leading to delays and increased costs. Failure to overcome these obstacles can impede the market's growth by limiting the effectiveness and reliability of military power supply solutions in modern warfare scenarios.
Opportunity:
Rising trend towards electrification & hybridization of military platforms
The rising trend towards electrification and hybridization of military platforms is driving the demand for advanced power supply solutions. These modern military platforms require reliable, efficient, and adaptable power sources to support increasingly sophisticated electronic systems and weaponry. Next-generation power supply technologies offer enhanced performance, resilience, and versatility, addressing the evolving needs of electrified and hybrid military platforms. Consequently, this trend is fueling the growth of the market as defense organizations seek cutting-edge solutions to meet their power requirements.
Threat:
Cybersecurity concerns
Cybersecurity concerns in next generation military power supply include vulnerabilities in communication protocols, susceptibility to hacking, and potential for remote tampering. These threats jeopardize the integrity and reliability of critical power systems, potentially leading to disruptions in military operations, data breaches, or even sabotage. The fear of cyber attacks can deter military organizations from adopting advanced power supply solutions, slowing down market growth.
Covid-19 Impact
The covid-19 pandemic has influenced the next generation military power supply market by disrupting supply chains, delaying production schedules, and impacting demand due to budgetary constraints in defense spending. However, the crisis has also highlighted the importance of resilient and adaptable power solutions, driving increased investment in innovative technologies that enhance operational efficiency, reliability, and remote capabilities. Overall, the pandemic has accelerated the adoption of advanced power supply systems in military applications.
The rotary segment is expected to be the largest during the forecast period
The rotary segment is estimated to have a lucrative growth. These systems offer advantages like high power density, reliability, and suitability for demanding environments. They are adept at handling rapid changes in power demand, ensuring continuous power supply during mission-critical operations. Rotary designs have enhanced efficiency and durability, which makes them indispensable components in modern military infrastructure.
The radar systems segment is expected to have the highest CAGR during the forecast period
The radar systems segment is anticipated to witness the highest CAGR growth during the forecast period, due to its reliable and efficient power management in demanding environments. These power supplies ensure stable and uninterrupted operation of radar systems critical for surveillance, tracking, and target acquisition in various defense scenarios. Designed with advanced technology and ruggedized features, they offer high power density, resistance to electromagnetic interference, and temperature extremes.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing defense budgets and modernization efforts among key nations such as China, India, South Korea, and Japan. These countries are actively investing in advanced power supply technologies to enhance the performance and reliability of their defense systems. Factors such as the growing demand for portable and ruggedized power solutions, coupled with the need for energy-efficient and resilient power sources, are fueling market growth in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increasing adoption of electric and hybrid-electric platforms. The United States, being a major contributor to defense spending, is driving expansion through investments in cutting-edge power supply technologies for military applications. Additionally, the growing emphasis on energy efficiency, reduced operational costs, and improved reliability is fostering the demand for advanced power solutions across the region. This trend is further supported by collaborations between government agencies, defense contractors, and technology firms to innovate and deliver next-generation power supply systems.
Key players in the market
Some of the key players profiled in the Next Generation Military Power Supply Market include Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, BAE Systems PLC, General Dynamics Corporation, L3Harris Technologies Inc., SynQor Inc., Thales Group, Curtiss-Wright Corporation, Cobham PLC, Teledyne Technologies Incorporated, Elbit Systems Limited, Eaton Corporation, GAIA Converter, XP Power Limited, Safran SA and Vicor Corporation.
Key Developments:
In July 2023, GAIA Converter, a French company, released a fully integrated 60W DC-DC front-end module that simplifies the design of military power converter architectures. This module is space-efficient and reliable, making it suitable for military applications. It also simplifies the implementation process for power system designers, potentially reducing time and design complexities.
In May 2022, SynQor Inc. unveiled UPS-1250, a military-grade, high-voltage DC adjustable output Uninterruptible Power Supply (UPS). The UPS is designed to meet a wide range of military standards and to provide robust power capabilities in demanding environments.
Types Covered:
• Uninterruptible Power Supplies (UPS)
• External Power Supplies
• Frequency Converters
• Inverters
• Other Types
Components Covered:
• Transformers
• Capacitors
• Resistors
• Inductors
• Semiconductor Devices
• Other Components
Power Densities Covered:
• High Power Density Power Supplies
• Medium Power Density Power Supplies
• Low Power Density Power Supplies
Mode of Operations Covered:
• Standby Power Supplies
• Line-interactive Power Supplies
• Online Power Supplies
Technologies Covered:
• Solid State
• Rotary
• Hybrid
Applications Covered:
• Ground Vehicles
• Naval Systems
• Aircraft
• Unmanned Aerial Vehicles
• Radar Systems
• Missile Systems
• Electronic Warfare Systems
• Other Applications
End Users Covered:
• Government
• Defense Contractors
• Research Institutes
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2021, 2022, 2023, 2026, and 2030
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Next Generation Military Power Supply Market, By Type
5.1 Introduction
5.2 Uninterruptible Power Supplies (UPS)
5.3 External Power Supplies
5.4 Frequency Converters
5.5 Inverters
5.6 Other Types
6 Global Next Generation Military Power Supply Market, By Component
6.1 Introduction
6.2 Transformers
6.3 Capacitors
6.4 Resistors
6.5 Inductors
6.6 Semiconductor Devices
6.7 Other Components
7 Global Next Generation Military Power Supply Market, By Power Density
7.1 Introduction
7.2 High Power Density Power Supplies
7.3 Medium Power Density Power Supplies
7.4 Low Power Density Power Supplies
8 Global Next Generation Military Power Supply Market, By Mode of Operation
8.1 Introduction
8.2 Standby Power Supplies
8.3 Line-interactive Power Supplies
8.4 Online Power Supplies
9 Global Next Generation Military Power Supply Market, By Technology
9.1 Introduction
9.2 Solid State
9.3 Rotary
9.4 Hybrid
10 Global Next Generation Military Power Supply Market, By Application
10.1 Introduction
10.2 Ground Vehicles
10.3 Naval Systems
10.4 Aircraft
10.5 Unmanned Aerial Vehicles
10.6 Radar Systems
10.7 Missile Systems
10.8 Electronic Warfare Systems
10.9 Other Applications
11 Global Next Generation Military Power Supply Market, By End User
11.1 Introduction
11.2 Government
11.3 Defense Contractors
11.4 Research Institutes
11.5 Other End Users
12 Global Next Generation Military Power Supply Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Lockheed Martin Corporation
14.2 Northrop Grumman Corporation
14.3 Raytheon Technologies Corporation
14.4 BAE Systems PLC
14.5 General Dynamics Corporation
14.6 L3Harris Technologies Inc.
14.7 SynQor Inc.
14.8 Thales Group
14.9 Curtiss-Wright Corporation
14.10 Cobham PLC
14.11 Teledyne Technologies Incorporated
14.12 Elbit Systems Limited
14.13 Eaton Corporation
14.14 GAIA Converter
14.15 XP Power Limited
14.16 Safran SA
14.17 Vicor Corporation
List of Tables
1 Global Next Generation Military Power Supply Market Outlook, By Region (2021-2030) ($MN)
2 Global Next Generation Military Power Supply Market Outlook, By Type (2021-2030) ($MN)
3 Global Next Generation Military Power Supply Market Outlook, By Uninterruptible Power Supplies (UPS) (2021-2030) ($MN)
4 Global Next Generation Military Power Supply Market Outlook, By External Power Supplies (2021-2030) ($MN)
5 Global Next Generation Military Power Supply Market Outlook, By Frequency Converters (2021-2030) ($MN)
6 Global Next Generation Military Power Supply Market Outlook, By Inverters (2021-2030) ($MN)
7 Global Next Generation Military Power Supply Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Next Generation Military Power Supply Market Outlook, By Component (2021-2030) ($MN)
9 Global Next Generation Military Power Supply Market Outlook, By Transformers (2021-2030) ($MN)
10 Global Next Generation Military Power Supply Market Outlook, By Capacitors (2021-2030) ($MN)
11 Global Next Generation Military Power Supply Market Outlook, By Resistors (2021-2030) ($MN)
12 Global Next Generation Military Power Supply Market Outlook, By Inductors (2021-2030) ($MN)
13 Global Next Generation Military Power Supply Market Outlook, By Semiconductor Devices (2021-2030) ($MN)
14 Global Next Generation Military Power Supply Market Outlook, By Other Components (2021-2030) ($MN)
15 Global Next Generation Military Power Supply Market Outlook, By Power Density (2021-2030) ($MN)
16 Global Next Generation Military Power Supply Market Outlook, By High Power Density Power Supplies (2021-2030) ($MN)
17 Global Next Generation Military Power Supply Market Outlook, By Medium Power Density Power Supplies (2021-2030) ($MN)
18 Global Next Generation Military Power Supply Market Outlook, By Low Power Density Power Supplies (2021-2030) ($MN)
19 Global Next Generation Military Power Supply Market Outlook, By Mode of Operation (2021-2030) ($MN)
20 Global Next Generation Military Power Supply Market Outlook, By Standby Power Supplies (2021-2030) ($MN)
21 Global Next Generation Military Power Supply Market Outlook, By Line-interactive Power Supplies (2021-2030) ($MN)
22 Global Next Generation Military Power Supply Market Outlook, By Online Power Supplies (2021-2030) ($MN)
23 Global Next Generation Military Power Supply Market Outlook, By Technology (2021-2030) ($MN)
24 Global Next Generation Military Power Supply Market Outlook, By Solid State (2021-2030) ($MN)
25 Global Next Generation Military Power Supply Market Outlook, By Rotary (2021-2030) ($MN)
26 Global Next Generation Military Power Supply Market Outlook, By Hybrid (2021-2030) ($MN)
27 Global Next Generation Military Power Supply Market Outlook, By Application (2021-2030) ($MN)
28 Global Next Generation Military Power Supply Market Outlook, By Ground Vehicles (2021-2030) ($MN)
29 Global Next Generation Military Power Supply Market Outlook, By Naval Systems (2021-2030) ($MN)
30 Global Next Generation Military Power Supply Market Outlook, By Aircraft (2021-2030) ($MN)
31 Global Next Generation Military Power Supply Market Outlook, By Unmanned Aerial Vehicles (2021-2030) ($MN)
32 Global Next Generation Military Power Supply Market Outlook, By Radar Systems (2021-2030) ($MN)
33 Global Next Generation Military Power Supply Market Outlook, By Missile Systems (2021-2030) ($MN)
34 Global Next Generation Military Power Supply Market Outlook, By Electronic Warfare Systems (2021-2030) ($MN)
35 Global Next Generation Military Power Supply Market Outlook, By Other Applications (2021-2030) ($MN)
36 Global Next Generation Military Power Supply Market Outlook, By End User (2021-2030) ($MN)
37 Global Next Generation Military Power Supply Market Outlook, By Government (2021-2030) ($MN)
38 Global Next Generation Military Power Supply Market Outlook, By Defense Contractors (2021-2030) ($MN)
39 Global Next Generation Military Power Supply Market Outlook, By Research Institutes (2021-2030) ($MN)
40 Global Next Generation Military Power Supply Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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