US Next Generation Military Power Supply Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type (Programmable and Non-Programmable), Power Rating (500W to 1,000W; 1,001W to 5,000W; 5,001W to 10,000W; and 10,000W to 20,000W), System (Discrete Power Supply and Integrated Power Supply), and End Use (Aerial, Land, and Naval)
Market Introduction
The defense sector is investing in commercial-off-the-shelf (COTS) products such as wearable computing, Internet of Things (IoT), 3D printing, and mobile solutions to increase the defense capability through cutting-edge technology. Military companies must weigh the benefits and drawbacks of COTS against custom-built hardware and software, as well as the types of COTS solutions that best fulfil their mission requirements, before evaluating or adopting COTS items. Furthermore, military equipment are 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 missions.
Rapid technological improvements in the power industry are expected to boost the market growth throughout the forecast period. The advanced military technologies are widely available throughout the world. In addition, as the demand for soundless military drones solutions are increasing the demand for military power solutions is rising. To assure the quality of military power supply, they must fulfil extremely stringent criteria. A shorter design cycle means a product can be deployed in a shorter amount of time, reducing the power loss that occurs 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.
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Market Overview and Dynamics
The US Next Generation Military Power Supply market is expected to grow from US$ 1,902.3 million in 2021 to US$ 3,503.27 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2021 to 2028.
Cutting-edge power supply is, in fact, widely adopted in the military because of its advantages, such as the ability to work consistently in a variety of extreme environments and harsh terrains. It can also function for a longer time with little maintenance. The growing need to protect sensitive information from lattice power unreliability and vacation concerns is driving the market. In recent years, there has been a rise in commercial off-the-shelf (COTS) innovation that has favored the delivery of cutting-edge military force supply.
Several players operating in the US next generation military power supply market are adopting significant strategic initiatives. For instance, in 2021, NOVA ELECTRIC launched a new Lightweight Galaxy-Series Rugged DC UPS System specifically designed for demanding military applications in high shock, vibration, humidity, and EMI environments and meeting all military compliances such as MIL-STD-1399, MIL-S-901, MIL-STD-167, MIL-STD-461, MIL-STD-810, and other demanding MIL-STDs.
Key Market Segments
Based on type, the next generation military power supply is segmented into programmable and non-programmable. The programmable segment is dominating the market as these power supplies can be modified as per requirement and can be used for supporting more than single or dual power outputs. The remotely manageable power supply is another factor supporting the programmable segment growth.
Based on power rating, 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 10,000 W to 20,000 W. The 501 W to 1,000 W segment holds the largest market share 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 system, the next generation military power supply is segmented into integrated power supply and discrete power supply. The integrated power supply segment dominated the market in 2020 due to various benefits over discreate power such as high reliability, low cost of ownership, design simplicity, and enhanced performance.
The defense sector is investing in commercial-off-the-shelf (COTS) products such as wearable computing, Internet of Things (IoT), 3D printing, and mobile solutions to increase the defense capability through cutting-edge technology. Military companies must weigh the benefits and drawbacks of COTS vs. custom-built hardware and software, as well as 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 missions.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the next generation military power supply market in the US are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the US next generation military power supply market report are Abbott Technologies; AJ’S POWER SOURCE INC.; AstrodyneTDI; Eaton.; AMETEK Intellipower, Inc.; TECHNOLOGY DYNAMICS, INC; Prime Power; SynQor, Inc.; Arnold Magnetic Technologies.; Republic Power Systems; NOVA Power Solutions, Inc.; Milpower Source, Inc.; NOVA ELECTRIC; Acumentrics.; and Clary Corporation.
Reasons to Buy Report
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- Obtain the US Next Generation Military Power Supply market revenue forecast on the basis of various segments, for the period 2020–2027.
US NEXT GENERATION MILITARY POWER SUPPLYMARKET SEGMENTATION
- Software
- Services
- Sales Tax
- Income Tax
- Corporate Tax
- Others
By Deployment Type
- On-Premises
- Cloud
By End User
- Individual
- Commercial
By Vertical
- BFSI
- Government
- IT and Telecom
- Healthcare
- Government
- Retail
- Others
Company Profiles
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Next Generation Military Power Supply Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Industrial Market Categorization
4.5.2 Industrial Market Competitors
5. Next Generation Military Power Supply Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Technological Advancements in Power Industry
5.1.2 Rise in Demand for Highly Reliable Power Supply Systems
5.2 Market Restraints
5.2.1 Lack of Stability in Next Generation Memory
5.3 Market Opportunities
5.3.1 Rising Demand for Power Supply in US Navy Sector
5.4 Future Trends
5.4.1 Adoption of Commercial Off-the-Shelf (COTS) Technology
5.5 Impact Analysis of Drivers and Restraints
6. Next Generation Military Power Supply – US Market Analysis
6.1 Next Generation Military Power Supply Market – Revenue and Forecast to 2028 (US$ Million)
6.2 Market Positioning – US Market Players Ranking
7. Next Generation Military Power Supply Market Revenue and Forecast to 2028 –Type
7.1 Overview
7.2 Next Generation Military Power Supply Market, by Type (2020 and 2028)
7.3 Programmable
7.3.1 Overview
7.3.2 Programmable: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
7.4 Non-Programmable
7.4.1 Overview
7.4.2 Non-Programmable: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
8. Next Generation Military Power Supply Market Revenue and Forecast to 2028 – Power rating
8.1 Overview
8.2 Next Generation Military Power Supply Market, by Power Rating (2020 and 2028)
8.3W To 1,000W
8.3.1 Overview
8.3.2W To 1,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
8.4 1,001W TO 5,000W
8.4.1 Overview
8.4.2 1,001W TO 5,000W: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
8.5 5,001W TO 10,000W
8.5.1 Overview
8.5.2 5,001W TO 10,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
8.6,000W TO 20,000W
8.6.1 Overview
8.6.2,000W TO 20,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
9. Next Generation Military Power Supply Market Revenue and Forecast to 2028 – System
9.1 Overview
9.2 Next Generation Military Power Supply Market, by System (2020 and 2028)
9.3 Discrete Power Supply
9.3.1 Overview
9.3.2 Discrete Power Supply: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
9.4 Integrated Power Supply
9.4.1 Overview
9.4.2 Integrated Power Supply: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
10. Next Generation Military Power Supply Market Revenue and Forecast to 2028 – End Use
10.1 Overview
10.2 Next Generation Military Power Supply Market, by End Use (2020 and 2028)
10.3 Aerial
10.3.1 Overview
10.3.2 Aerial: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
10.4 Land
10.4.1 Overview
10.4.2 Land: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
10.5 Naval
10.5.1 Overview
10.5.2 Naval: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
11. Next Generation Military Power supply Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Abbott Technologies
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AJ’S POWER SOURCE INC.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AstrodyneTDI
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eaton.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 AMETEK Intellipower, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 TECHNOLOGY DYNAMICS, INC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Prime Power
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SynQor, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arnold Magnetic Technologies.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Republic Power Systems
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 NOVA Power Solutions, Inc.
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Milpower Source, Inc.
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 NOVA ELECTRIC
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Acumentrics.
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Clary Corporation
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Industrial Power Supply Market Categorization
Table 2. Industrial Power Supply Market Competitors in the US
Table 3. Next generation military power supply Market – Revenue, and Forecast to 2028 (US$ Million)
Table 4. List of Abbreviation
LIST OF FIGURES
Figure 1. Next Generation Military Power Supply Market Segmentation
Figure 2. US Next Generation Military Power Supply Market Overview
Figure 3. Next Generation Military Power Supply Market, by Type
Figure 4. Next Generation Military Power Supply Market, by Power Rating
Figure 5. Next Generation Military Power Supply Market, by System
Figure 6. Next Generation Military Power Supply Market, by End Use
Figure 7. Porter’s Five Forces Analysis
Figure 8. Next Generation Military Power Supply Market: Ecosystem Analysis
Figure 9. Next Generation Military Power Supply Market Impact Analysis of Drivers and Restraints
Figure 10. Next Generation Military Power Supply Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Next Generation Military Power Supply Market, by Type (2020 and 2028)
Figure 12. Programmable: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Non-Programmable: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Next Generation Military Power Supply Market, by Power Rating (2020 and 2028)
Figure 15.W To 1,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. 1,001W TO 5,000W: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
Figure 17. 5,001W TO 10,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 18.,000W TO 20,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Next Generation Military Power Supply Market, by System (2020 and 2028)
Figure 20. Discrete Power Supply: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Integrated Power Supply: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Next Generation Military Power Supply Market, by End Use (2020 and 2028)
Figure 23. Aerial: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Land: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Naval: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
The List of Companies - Next Generation Military Power Supply Market
- Abbott Technologies
- AJ’S POWER SOURCE INC.
- AstrodyneTDI
- Eaton
- AMETEK Intellipower, Inc.
- TECHNOLOGY DYNAMICS, INC
- Prime Power
- SynQor, Inc.
- Arnold Magnetic Technologies.
- Republic Power Systems
- NOVA Power Solutions, Inc.
- Milpower Source, Inc.
- NOVA ELECTRIC
- Acumentrics
- Clary Corporation
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