Military Power Solutions Market
The military power solutions are used to power up military machinery and equipment, such as electronic gadgets and military drones. The most prominent military power solutions used across the globe are generators, batteries, and solar power cells. The manufacturers of the military power solutions are continually looking for ways to develop power solutions keeping in mind the rules and regulations set by the various defense authorities, across the world.
The western countries, such as the United States, the United Kingdom, Germany, and France were early adopters of power solutions systems. This has also allowed the aforementioned countries to be the first to implement power solution systems and technology in the defense sector. However, these solutions have now found a strong foothold in emerging markets, such as China, India, Australia, Brazil, Saudi Arabia, and Mexico due to increased military spending.
Demand for Military Drones
The Unmanned Aerial Vehicle (UAV) market is expected to register a CAGR close to 10%, during the forecast period, 2018-2023. Military expenditure is the primary driving factor of the UAV market. UAVs have the capability of reducing collateral damage, while hovering, searching, identifying, and striking targets, which makes them an asset for the military. For instance, the UAV market in the Pacific region is primarily driven by the threat posed by North Korea. As a result, South Korea has developed few UAV models indigenously and also rolled out a long-term plan in December 2017, to develop unmanned vehicles, with the aim of emerging as a global leader in the sector, by 2030.
This tremendous demand for military drones is, in turn, increasing the demand for power solutions, as these military drones require enduring power supply to operate properly.
Key Developments in the Military Power Solutions Market :
May 2018: DPW Holdings’ subsidiaries, Coolisys Technologies Inc., a technology-centric company dedicated to servicing the defense and aerospace sectors, worldwide, has completed the acquisition of Enertec Systems 2001 Ltd, a 22 year-old private company, Israel’s largest private developer and manufacturer of specialized electronic systems for the aerospace and defense markets.
Jun 2018: Azure Power, one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India.
Military Power Solutions Market Key Players:
- Raytheon Company.
- Denchi Power Ltd.
- Eaglepicher Technologies.
- SFC Energy AG.
- and Advanced Conversion Technology Inc.
Reasons to Purchase Military Power Solutions Market Report
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
- Detailed analysis on the segment that is expected to register the highest growth rate
- Study on the region and country that are expected to dominate the market
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate Sheet in Excel
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1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary
2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. MILITARY POWER SOLUTIONS MARKET INSIGHTS
3.1 Technology Trends
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of the Suppliers
3.2.2 Bargaining Power of the Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Competitive Rivalry within the Industry
4. MARKET DYNAMICS
4.1 Military Power Solutions Market Drivers
4.2 Military Power Solutions Market Restraints
4.3 Military Power Solutions Market Opportunities
5. MILITARY POWER SOLUTION MARKET SEGMENTATION, BY TYPE
6. MILITARY POWER SOLUTION MARKET SEGMENTATION, BY PLATFORM
6.3 Ground Based
6.4 Space Based
7. MILITARY POWER SOLUTION MARKET SEGMENTATION, BY SOURCE
7.2 Solar Power
8. MILITARY POWER SOLUTION MARKET SEGMENTATION, BY GEOGRAPHY
8.1 North America Military Power Solutions Market
8.2 Europe Military Power Solutions Market
8.3 Asia-Pacific Military Power Solutions Market
8.4 South America Military Power Solutions Market
8.5 Middle East & Africa Military Power Solutions Market
9. MILITARY POWER SOLUTION MARKET COMPETITIVE LANDSCAPE
9.2 Market Share Analysis
10. MILITARY POWER SOLUTION MARKET COMPANY PROFILES
10.1 Raytheon Company
10.2 Denchi Power Ltd
10.4 Eaglepicher Technologies
10.5 SFC Energy AG
10.7 Advanced Conversion Technology Inc.
10.8 Energy Technologies Inc.
10.9 Arotech Corporation
10.10 Concorde Battery Corporation
10.11 Arotech Corporation
10.12 Energy Technologies Inc.