Pune, India -- (SBWIRE) -- 02/03/2020 -- A recent report published by Infinium Global Research on Next Generation Military Power Supply Market (Type - Programmable, and Non-programmable; Component - Hardware, Software, and System Type; End-Use - Aerial, Naval, and Land): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025. According to the report, the global next-generation military power supply market is projected to grow at a CAGR of 5.6% over the forecast period of 2019-2025.

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Military uses power supplies that may be similar to those in other industries but the demands of military operations require increased ruggedness, durability and reliability. The power supply must work seamlessly in an assortment of exceptional atmospheres and cruel landscapes. In order to make the power supply work in adverse situations seamlessly, circuit boards are encased in metal and shielded from electromagnetic interference.

According to the Infinium Global Research (IGR), military-grade power supplies can become outdated and it becomes of utmost importance to upgrade power supplies because as the older components become obsolete, they may no longer be compatible with newer power systems. Military power supplies are updated every two years and keeping in tab with regular updating, military power conversion vendors are creating more rugged and efficient products every year. For instance, advanced Conversion technology (ACT) offers reliable, cost-effective solutions to the most demanding requirements in the military (air, sea, and land). ACT specializes in designing and manufacturing military AC-DC power supplies and military DC-DC power supplies to meet today's most demanding environmental, complex, performance, and miniaturization requirements.

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IGR research analysts add that next-generation power supply inland application is influencing the growth graph as the defense sector is investing heavily 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." thereby increasing land capability. Moreover, COTS technology has several advantages in comparison to fully bespoke defence solutions. For example, the modern smartphone with its myriad functions and sensors would cost a little as compared to a bespoke military smartphone developed from scratch. The potential for suppliers to leverage from COTS technology in defence products is vast, ranging from clothing and tools to high-tech systems.

The report issued by IGR further focuses on the scope of the current and upcoming stages of next-generation military power supply. Additionally, the report also provides an analysis of different business strategies adopted by market leaders of the next generation military power supply market. For instance, nvNITRO Technology by EVERSPIN Technologies accelerates compute and storage systems with full data integrity on power failure and virtually unlimited endurance using Everspin nvNitro™ accelerators.

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About Infinium Global Research
The Infinium Global Research comprises of a team of well-experienced analysts who have qualified in generating incisive reports. The next-generation military power supply market report offers trends, opportunities, challenges, market size, and forecast for major geographical regions and key countries. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the next generation military power supply market.