Next Generation Military Power Supply Market: Rising Adoption from Small and Medium-sized Enterprises to Fuel Growth 2018 - 2026
According to a latest market report titled “ Next Generation Military Power Supply Market,” published by Transparency Market Research the global next generation military power supply market is expected to reach value of US$ 20,111.7 Mn by 2026, expanding at a CAGR of 5.2% during the forecast period, 2018 to 2026. According to the research study, North America held approximately 39.3% of the global market share in 2017. This is mainly due to development of advanced military power supply systems as well as early adoption of COTS (commercial off-the-shelf) software. Also, growing need to protect sensitive data from grid power instability and downtime issues is anticipated to significantly drive the global next generation military power supply market. Demand for unique features in military power supply systems such as increased ruggedness, durability, and reliability, and growing demand for longer mean time between failure and adoption of COTS technology driving the g...