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)

TIPRE00023335 | Pages: 132 | Aerospace and Defense | Jun 2021 | Type: Regional | Status: Published

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

  • To understand the US Next Generation Military Power Supply market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive market landscape
  • Efficiently plan mergers and acquisitions, and partnership deals in the US Next Generation Military Power Supply market by identifying market segments with the most promising probable sales
  • Take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the market.
  • 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

By Product Type

  • Software
  • Services

By Tax Type

  • 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

  • Acorah Software Products Limited (TaxCalc)
  • Andica Limited
  • BTCSoftware Limití
  • GoSimpleTax Ltd.
  • IRIS Software Group Ltd
  • Sage Group plc.
  • Taxfiler Limited
  • Capium
  • FreeAgent
  • Nomisma
  • Thomson Reuters Corporation
  • Wolters Kluwer
  • Xero Limited

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

  1. Abbott Technologies
  2. AJ’S POWER SOURCE INC.
  3. AstrodyneTDI
  4. Eaton
  5. AMETEK Intellipower, Inc.
  6. TECHNOLOGY DYNAMICS, INC
  7. Prime Power
  8. SynQor, Inc.
  9. Arnold Magnetic Technologies.
  10. Republic Power Systems
  11. NOVA Power Solutions, Inc.
  12. Milpower Source, Inc.
  13. NOVA ELECTRIC
  14. Acumentrics
  15. Clary Corporation
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