Report ID: SQMIG55A2040
Report ID:
SQMIG55A2040 |
Region:
Global |
Published Date: July, 1990
Pages:
182
|
Tables:
89 |
Figures:
71
The dominating region in the global military power solutions market is Asia Pacific, which holds a significant market share. The dominance of the Asia-Pacific region largely due to rapid modernization of military capacities among leading countries such as China, India, Japan and South Korea. The rapidly increasing geopolitical tensions, territorial disputes and the increased defense budgets in the region have led to a high demand for state-of-the art military power solutions. In addition to this, the increased interest in developing ground forces and air force capabilities as well as naval fleets encourages implementation of various power sources that may be portable or non-portable. Asia-Pacific is one of the largest market regions with continual investments in infrastructure concerning defense and new technologies being included as part of efforts for reinforcing national security measures.
The Middle East and Africa is the fastest-growing region in military power solutions market. This growth is driven by various factors such as regional conflicts, geopolitical instability, and the demands for advanced military capabilities. Countries in the Middle East, especially GCC are investing heavily on defense technologies to strengthen their military forces. The increasing scale of threats along with an accentuation on the reduction of reliance upon external suppliers, make military power solutions gain popularity rapidly in there. Also, the different and complex conditions under which operations are conducted in Africa require flexible and dependable power solutions that allow it to grow even more. The Middle East and Africa are also one of the main regions that stand out as very promising with significant opportunities in terms of growth potentials for military power solutions market.
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Report ID: SQMIG55A2040