PUBLISHER: The Business Research Company | PRODUCT CODE: 1664525
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664525
Next-generation military power supply pertains to a power supply device that utilizes direct electricity to ensure a continuous and uninterrupted power supply for military operations, even in challenging or adverse conditions.
The primary components of next-generation military power supply systems include both software and hardware. Software in this context refers to a set of instructions, data, or computer programs designed to operate machines and execute specific activities. These systems come in various types, such as programmable and non-programmable, with different wattages ranging from 500W to 1000W, 1001W to 5000W, 5001W to 10000W, and 10001W to 20000W. Additionally, the power supply systems can be categorized into integrated power supply and discrete power supply. These systems find applications across various military branches, including aerial, naval, and land operations.
The next-generation military power supply market research report is one of a series of new reports from The Business Research Company that provides next-generation military power supply market statistics, including next-generation military power supply industry global market size, regional shares, competitors with a next-generation military power supply market share, detailed next generation military power supply market segments, market trends and opportunities, and any further data you may need to thrive in the next generation military power supply industry. This next-generation military power supply market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The next generation military power supply market size has grown strongly in recent years. It will grow from $13.08 billion in 2024 to $14.19 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to integration of smart and adaptive features, adoption of renewable energy, technological innovation in power electronics, energy efficiency, ruggedization and durability.
The next generation military power supply market size is expected to see strong growth in the next few years. It will grow to $19.46 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increased demand for portable power, focus on energy-efficient solutions, ruggedized and resilient designs, adaptive and smart power systems, demand for hybrid power solutions, regulatory and compliance standards. Major trends in the forecast period include cybersecurity in power systems, adaptive and hybrid power systems, smart grid and energy management, enhanced resilience and durability, integration of energy storage solutions.
Increasing military expenditure is expected to propel the growth of the next-generation military power supply market in the future. Military expenditure encompasses spending on weapons, weapons systems, operations, maintenance, personnel, and various military equipment. This governmental spending supports the development of diverse aspects of the military market, including advanced power supply systems essential for modern military operations. For instance, in April 2024, the Stockholm International Peace Research Institute (SIPRI), a Sweden-based non-government organization, reported that global military spending reached $2,443 billion in 2023, marking a 6.8% increase in real terms compared to 2022. This rising investment underscores the growing emphasis on upgrading military capabilities, thereby driving demand for next-generation military power supply solutions.
The growth of peacekeeping operations is expected to contribute to the expansion of the next-generation military power supply market. Peacekeeping operations involve deploying national or multinational forces to regulate and resolve armed conflicts. To meet the increasing demand for more efficient, reliable, and sustainable power sources in peacekeeping operations, the development of next-generation military power supplies (NGMPS) is underway. A report from the Stockholm International Peace Research Institute in May 2023 indicated that there were approximately 64 multinational peace operations in 38 nations and territories worldwide in 2022. As of the end of 2022, the number of international personnel engaged in multilateral peace operations reached 114,984, marking a 2.79% increase from 2021. Consequently, the growth of peacekeeping operations is fostering the expansion of the next-generation military power supply market.
Technological advancements have emerged as a prominent trend in the next-generation military power supply market, with major companies focusing on introducing innovative technologies to gain a competitive edge. For instance, Advent Technologies, a US-based computer and telecommunications company, introduced the Honey Badger 50 power system in 2022. This compact and portable fuel cell system serves as a quiet power supply for military applications. The system, powered by biodegradable methanol, produces nearly silent generation of up to 50W of continuous power, offering clean emissions. Notably, it addresses diverse battery charging requirements used in soldier-worn configurations, supporting various electronic devices and operating within a thermal range of -20°C to +55°C.
Major companies operating in the next-generation military power supply market are emphasizing the development of innovative products, including power modules, to maintain a competitive advantage. Power modules are compact and efficient electronic devices that integrate multiple power semiconductor components into a single package. Collins Aerospace, a US-based aerospace and defense product manufacturer, launched the Collins 3Phase 3U power module in February 2022. Uniquely designed to deliver up to 800 watts of power without additional filtering hardware, this high-efficiency, high-reliability power conversion solution is suitable for military applications such as mission computers, signal processors, aircraft communication, and radar systems.
In July 2022, TT Electronics, a UK-based power and control solution company, entered into a strategic partnership with Honeywell Aerospace, a US-based aerospace products and services company. This collaboration focuses on designing and developing a new power supply for next-generation inertial navigation units, addressing the specific requirements of the aerospace and defense industry.
Major companies operating in the next generation military power supply market include XP Power Limited., Advanced Conversion Technology Inc., Eaton Corporation, Aegis Power System Inc., TDK-Lambda Americas Inc., Abbott Technologies, AGMA Power Systems Ltd., Mitsubishi Electric Corporation, Energy Technologies Inc., Synqor Inc., AJ's Power Source Inc., Prime Power Inc., Powerbox International AB, Milpower Source Inc., Astrodyne TDI Corporation, Fujitsu Limited, Infineon Technologies AG, Intel Corporation, Texas Instruments Incorporated, EnerSys, Cummins Inc., Saft Groupe SA, Arotech Corporation, Raytheon Technologies Corporation, SFC Energy AG, EaglePicher Technologies LLC, Denchi Power Ltd., Concorde Battery Corporation, Eniquest Pty. Ltd.
Asia-Pacific was the largest region in the next-generation military power market in 2024. The regions covered in the next generation military power supply market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the next generation military power supply market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The next-generation power supply market consists of revenues earned by entities by providing power supply that includes military power conversion systems, and military tactical electric power systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The next-generation power supply market also includes sales of military thermal batteries, battery packs, and chargers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Next Generation Military Power Supply Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on next generation military power supply market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for next generation military power supply ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The next generation military power supply market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.