Increasing defense electronics budget is expected to be one of the key factors expected to drive the Global Military Power Solutions market.
The military power solutions market is projected to reach USD 9.01 billion by 2022, at a CAGR of 9.07% during the forecast period. Factors, such as requirement for durable and maintenance free power sources power solution for military is expected to drive the growth of the military power solutions market.
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The portable segment is expected to witness highest growth, owing to the increasing demand for portable power sources in applications, such as soldiers, UAVs, and vehicles, among others.
Military forces across the globe demand compact sources of power that can provide high energy density for a longer time-period.
1 Attractive Market Opportunities in the Military Power Solutions Market
2 Military Power Solutions Market, By Source
3 Military Power Solutions Market, By Type
4 Military Power Solutions Market, By Application
5 Military Power Solution Markets, By Wattage
6 Market Share and Growth Analysis, By Region
Fuel cells are being used extensively in the battlefield. These cells are replacing the batteries and generators due to their benefits, such as safety, reliability, noise-reduction, and high energy density. Fuel cells are used in various applications, such as soldiers, UAVs, and ground vehicles, among others.
Military Power Solutions Market, By Type
Military Power Solutions Market, By Source
3 Lithium-Based Batteries
4 Nickel-Based Batteries
6 Fuel Cells
7 Solar Power
9 Energy Harvesters
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Break-up of profile of primary participants in the military power solutions market:
- By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation – C level – 35%, Director level – 25%, Others – 40%
- By Region – North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
Major companies profiled in the report include Arotech Corporation (U.S.), SAFT Groupe SA (France), SFC Energy AG (Germany), Concorde Battery Corporation (U.S.), and Energy Technologies, Inc. (U.S.), among others.
This research report categorizes the military power solutions market based on type (portable, non-portable), source (batteries, generators, fuel cells, solar power, energy harvesters), application (air, land, naval), wattage (low, medium, and high power) and maps these segments and sub segments across major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
List of Tables
2 Defense Market Size (USD Million) and CAGR (2016-2021)
3 The Table Below Illustrates the Price Range of Materials Used in Thermoelectric Generators:
4 Batteries Needed for A 5-Day Mission - Team of 4 Soldiers
5 Innovation & Patent Registrations, 2016
6 Military Power Solutions Market Size, By Type, 2014-2022 (USD Million)
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