VPX POWER SUPPLY MARKET

KEY FINDINGS

• The share of the VPX power supply market was more than 60% in 2023 alone in the defense sector, as military forces globally upgraded their arsenal of rugged, high-performance systems.
• VPX power supply demand for unmanned aerial vehicles leaped by 12 percent year over year, as military and commercial applications continue to expand.
• Over 40% of the VPX power supply products launched in 2023 were equipped with new cooling technologies that meet the thermal management requirements for growing power densities.
• In 2023, the adoption of VPX power supplies in the commercial aerospace segment grew by 7%, due to increasing demand for next-generation aircraft avionics and communication systems.
• Global R&D investment in VPX power supplies grew by 15% in 2023, as companies focus on enhancing the performance and reliability of these systems for critical applications.
• In 2023, 35% of the newly developed VPX power supplies focused on miniaturization to cater to increasing demand from compact and lightweight systems in defense and aerospace applications.
• In 2023, the high-voltage application VPX power supply market had a growth rate of 10%, which was based on increased demand from electric propulsion systems in next-generation military vehicles and aircraft.
• The integration of VPX power supplies with artificial intelligence (AI) systems grew by 8 percent in 2023, due to an increased requirement for advanced processing capabilities within autonomous defense and aerospace technologies.
• In 2023, the adoption of VPX power supplies increased by 9 percent in the naval segment for submarines and surface ships, driven by the need for robust, high-performance power solutions in harsh marine environments.

INTRODUCTION

VPX (VITA 46) is a power distribution solution of the next generation, specifically aimed at taking high-performance computing to the defense, aerospace, and industrial markets. Configured for the harshest environments, these power supplies are designed according to such rigid specifications as MIL-STD-461 for electromagnetic compatibility and MIL-STD-1275 to survive voltage spikes that occur in military vehicles. 

In 2023, around 30% of new VPX power supply models add on features to improve electromagnetic interference shielding. It proves that stable, interference-free power has become a need in modern, critical systems. This feature is very critical in areas that have high capacity requirements, such as radar systems, signal processing units, and high-end communication devices, which are quite essential in military/aerospace operations.

VPX power supplies also have increasing applications in commercial aerospace and industrial automation. In 2023, the adoption of VPX power supplies into the industrial automation system recorded an increase of 25% in adopting solutions that meet the need for rugged power in high vibration and high temperature fluctuation. 

The power density in VPX power supplies is bound to increase drastically, surpassing 20% in new models with an increased power density to cater to the increasing need for next-generation avionics and upcoming complex control systems. These advancements ensure that VPX power supplies can handle the ever-increasing power requirements of modern technology, making them a critical component in a wide array of demanding applications.

VPX POWER SUPPLY MARKET SIZE AND FORECAST

North America remains the biggest market for VPX power supplies, owing largely to the large defense budgets and advanced aerospace projects in the region. In 2023, this region held close to 45% of the global VPX power supply market. This dominance is likely to remain the same as the regional defense sector continues to invest heavily in modernizing military systems and upgrading avionics in new aircraft. 

This commercial space segment, which is the untapped area in North America, is experiencing growing investments in satellite technology and space research. This is one of the largest growth opportunities for VPX power supplies, considering the increasing requirements for efficient and high-performance power solutions in space missions and satellite systems. 

VPX POWER SUPPLY MARKETDYNAMICS

The global VPX power supply market is growing due to several factors, such as increasing adoption for advanced military technologies and modernization initiatives of defense forces. More than 25% of new defense projects that were initiated in the year 2023 involved the integration of VPX power supplies, thus eliminating all doubts on their significant contribution towards supporting computing performance with high power density and advanced electronic warfare systems. 

The aerospace industry also reflects this growth, 30% of new commercial aircraft under development will feature VPX systems to augment onboard avionics and communication capabilities. The pace of miniaturization and power efficiency drives up the development of compact VPX power supply units by 20%, delivering smaller and efficient electronic systems for defense and commercial purposes.

In 2023 alone, 15% of VPX power supply manufacturers delayed product launches to deal with compliance related to new government regulations regarding cybersecurity and environmental standards. The regulations could increase compliance costs and extend development timelines, which will have an impact on the speed new products are brought to market. At the same time, the global supply chain of electronic components has become very volatile. 10% of manufacturers responded that they faced disruptions in their supply chains in 2023 alone as a result of geopolitical tensions and trade restrictions. This may eventually lead to increased production costs and delays, which would then threaten the continued growth of the VPX power supply market.

VPX POWER SUPPLY MARKET NEW PRODUCT LAUNCH

VPX POWER SUPPLY MARKETSEGMENTATION

By Geography

• US
• Europe
• China
• Asia(Ex China)
• ROW
  

By Power Output

• Low Power (Up to 100W)
• Medium Power (101W to 500W)
• High Power (501W to 1000W)
• Very High Power (Above 1000W)
• Others

By Application

• Military and Defense
• Aerospace
• Industrial Automation
• Commercial Space
• Telecommunications
• Others

By Form Factor

• 3U VPX
• 6U VPX
• Custom Form Factors
• Other 

VPX POWER SUPPLY MARKETCOMPETITIVE LANDSCAPE

Curtiss-Wright and TE Connectivity are concentrating on high-reliability and advanced cooling technologies for demanding defense and aerospace applications. Aitech Systems and General Micro Systems focus on customization and durability in the space sector. 

Vicor and Elma target high efficiency and compact design. Activities such as the expansion of Curtiss-Wright into aerospace and Vicor's acquisition of high-frequency power technology point to a strategy of broadening capability and market reach. 

Pricing is driven by the complexity of the technology involved and the targeted applications, with advanced features and special markets commanding increasing pricing. This dynamic landscape showcases how firms are differentiating their offerings through innovation, market expansion, and strategic investments.

VPX POWER SUPPLY MARKET COMPANY PROFILES

• Curtiss-Wright
• TE Connectivity
• Aitech Systems
• General Micro Systems
• Vicor Corporation
• Elma Electronic
• AMETEK Programmable Power
• Mercury Systems
• Pentair
• GE Aviation

VPX POWER SUPPLY MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What are the primary applications driving the demand for VPX power supplies?
2. How have recent technological advancements impacted the design and performance of VPX power supplies?
3. Which geographic regions are experiencing the most significant growth in VPX power supply adoption?
4. What are the key factors contributing to the high costs associated with VPX power supplies?
5. How are companies addressing the challenges of compliance with new government regulations and standards?
6. What are the latest trends in cooling technologies used in VPX power supplies?
7. Which companies are leading the market in terms of innovation and product development?
8. How do pricing strategies vary among leading VPX power supply manufacturers?
9. What role do mergers and acquisitions play in shaping the competitive landscape of the VPX power supply market?
10. How is the growth in the commercial space sector influencing VPX power supply demand?
11. What are the emerging market segments that offer the most potential for growth in the VPX power supply market?
12. How are companies addressing the need for customization and modularity in their VPX power supply products?
13. What are the key challenges related to supply chain disruptions and component shortages in the VPX power supply market?
14. How are advancements in power density affecting the design and applications of VPX power supplies?
15. What are the anticipated future developments or innovations in VPX power supply technology?