Military Vehicle Electrification Market

Military Vehicle Electrification Market by Technology (Hybrid and Fully Electric), by System (Power Generation, Cooling System, Energy Storage, Traction Drive System and Power Conversion) by Platform, by Operation and by Region - Forecast to 2030

Report Code: AS 7916 Jun, 2021, by marketsandmarkets.com

[245 Pages Report] According to MarketsandMarkts, Military Vehicle Electrification market is projected to grow from an estimated USD 4.8 billion in 2020 to USD 8.6 billion by 2025, at a CAGR of 13.0% and USD 17.6 billion by 2030 at a CAGR of 15.4%.  in terms of value. It is witnessing significant growth due to increasing new technologies in demand of going green. The European region will dominate the market due to the growing investments in Military vehicle electrification solutions.

Military Vehicle Electrification Market

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COVID-19 Impact on market

The COVID-19 impact has been analyzed for three scenarios: realistic, optimistic, and pessimistic. The realistic scenario has been considered for further calculations.

The Military Vehicle Electrification market includes major players such as General Motors (US), General Dynamics (US), Oshkosh Corporation (Us), Leonardo SPA (Italy), BAE Systems (UK), Aselsan (Turkey), and Textron Systems (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, and Rest of World. COVID-19 has impacted their businesses as well.

R&D in Military Vehicle Electrification is constantly evolving, considering the current scenario and the countries cutting down their defense budget in might be a hindrance to the growth of this technology The manufacturing activities have faced operational and running activities due to the import and export regulations. Currently, control of the COVID-19 outbreak is an international concern and has become a crucial challenge in many countries.

Market Dynamics

Driver: Increasing demand for lithium-Ion batteries in for military vehicles

Power and energy requirements on modern military land vehicles are continuing to increase due to the higher amount of electronic equipment, leading to increased demands on vehicle battery technologies. Traditional lead-acid batteries used in vehicles have reached the limits of their performance capabilities in these applications, leading to the development of alternative battery technologies. The li-ion battery technology has become one of the major secondary battery technologies across a wide range of applications. This is due to improvements in various aspects including electrode materials and cell design.

Military vehicles installed with a high amount of electronics require a large amount of electrical power, which is expected to significantly limit battery capacity as capacity tends to reduce at higher rates of discharge. Future generations of military land vehicles are also expected to benefit due to the use of similar batteries to ensure commonality across mixed vehicle fleets and ease i upgrade. In terms of the ability to improve silent watch endurance, Li-ion batteries offer significant opportunities in battery technology. They have higher specific energy, energy density and cycle life compared to lead-acid batteries.

In June 2020, BAE Systems was awarded a contract worth USD 32.2 million by the Army rapid Capabilities and Critical Technologies Office (RCCTO) to deliver two HED vehicles consisting of upgraded engines, a replaced transmission electric drive motor, along with the addition of lithium-ion batteries to power onboard vehicle equipment.

Restraints: Limited range of military electric vehicles

Electric vehicles have found a place in the commercial market but have not been able to establish their position in the defense sector. Electrical vehicles have been in the military sector for a long time but have limited capabilities and purposes for the regulations of army camps and personnel vehicles. This is due to the challenges faced because of the limitations in the range available in the defense sector.

Military electric vehicles thus far used in the defense sector are for mobility purposes (Polaris - GEM), transport of military logistics, and unmanned systems. Later, the trends led to the development of infantry squad vehicles using the hybrid electric drive, namely, Hummer, Chevrolet Silverado ZH2, after which the light utility vehicle by the Millenworks was introduced. Though are significant numbers of electric vehicles in the defense sector, there is a need to broaden the range and should be open to various design plans, enabling various industry players to enter and provide an increasing number of options. For the military, the rational reasons to increase energy efficiency and reduce the amount of fuel used are not related to price, they are about the tactical benefits and efficiency offered which is required to be noted by industry players and offer in the market accordingly.

Opportunities: Development of hydrogen fuel cell-powered military vehicles

Hydrogen fuel cell vehicles are an advancement in all-electric vehicles. In contrast, fuel cell-powered vehicles use hydrogen gas for subtle chemical reactions which is transformed into electrical energy. There has been an increasing demand for hydrogen fuel cells in the transport industry for the logistics of military cargo, equipment, and artillery. In March 2019, Plug Power launched a new product to enhance its range o hydrogen-based fuel cells. The ProGen 30kW engine provides a cost-effective solution to meet the needs of today’s electric vehicles (EV), including high utilization and reliable performance in harsh environments, rapid fueling, and zero emissions.

The alternatives for different fuel cells such as phosphoric acid fuel cells (PAFCs), solid oxide fuel cells (SOFCs), alkaline fuel cells (AFCs), and direct methanol fuel cells (DMFCs) can also be used in case of the non-availability of pure hydrogen. The government subsidies, key significant investments for the development of fuel cells, and the focus on providing clean energy and green solutions to the environment are the key drivers for this technology. Before advancing further in this technology, government bodies and regulators should try to fill the gap for proper delivery infrastructure that has been lacking globally except for some regions in North America, the onboard storage of hydrogen in vehicles, and the required safety precautions.

Challenges: Range and charging limits

The internal combustion engine has been a dominant technology since the history of automobiles. Due to the scarcity of fossil fuels and environmental concerns, the future of electrical vehicles is promising. Although the electrification of vehicles has been increasing significantly in the commercial sector, the range and charge are posing a challenge to be overcome, especially in the military vehicle's platform. The battery life, charging facility, and on-the-go charging facilities are required to be developed.

The range has also been a challenge for commercial vehicles which can be overcome with the right solutions and services that are available. For military vehicles / unmanned systems, this is a major challenge required to be overcome as the above are operated on different terrains and are on the battlefield in critical missions which can be compromised as also the life of the personnel. Even the cost of replacing a battery pack is significantly high. All the unmanned systems used for stealth and surveillance missions are highly dependent upon the batteries. Industry players need to invest increasingly in R&D activities to increase the range and charging capabilities which may create a barrier to the growth of the electrification market of military vehicles.

Based on platform, the unmanned armored vehicle segment is projected to grow at the highest CAGR during the forecast period.

The growth in the Military Vehicle Electrification market is expected to drive the growth of the three platforms proportionately. The requirement of military vehicle electrification in combat and support vehicles, is expected to be in a similar range during the forecast period.

Based on operations, the autonomous/semi-autonomous military vehicle segment is projected to grow at the highest CAGR during the forecast period.

Based on operations, the autonomous/semi-autonomous military vehicle segment is projected to grow at the highest CAGR during forecast period. The requirement of autonomous vehicles that help in reducing human loss and increasing capabilities, are helping the growth of market for Autonomous/semiautonomous military vehicles.

Based on systems, the power generation segment is projected to grow at the highest CAGR during the forecast period

Growing demand for power systems due to the integration of new technologies and increasing power requirements in the vehicles are projected to increase the growth of the military vehicle electrification market.

Military Vehicle Electrification Market by Region

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The Asia Pacific region is the fastest-growing in the Military vehicle electrification market in the forecast period

The Asia Pacific Military Vehicle Electrification market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific Military Vehicle Electrification market is primarily driven by increasing focus on increasing expenditure on the procurement of military vehicles by major economies in this region. In addition, factors including increasing geopolitical tensions and increased defense related expenditure are expected to drive the demand for Military Vehicle Electrification in the region.

Key Market Players:

General Motors (US), General Dynamics (US), Arquus (France), Oshkosh corporation (US), BAE Systems (UK), and Textron Systems (US).

Scope Of The Report

Report Metric

Details

Market size available for years

2020–2030

Base year considered

2020

Forecast period

2022-2030

Forecast units

Value (USD Million)

Segments covered

 By Technology, By Platform, By System, By Operation

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Companies covered

General Motors (US), General Dynamics (US), Arquus (France), Oshkosh Corporation (US), BAE Systems (UK), and Textron Systems (US) and others. Total 25 Market Players

The study categorizes the Military Vehicle Electrification market based on Technology, Platform, operation, system, and region.

By Technology

  • Hybrid
  • Fully electric

By Platform

  • Combat vehicles
  • Support vehicles
  • Unmanned armored vehicles

By System

  • Power Generation
  • Cooling Systems
  • Energy Storage
  • Traction Drive Systems
  • Power Conversion

By Operation

  • Manned
  • Autonomous/semi-autonomous

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • In February 2021, Elbit systems won a contract of USD 46 Million to supply a 6*6 Armor Personnel Carrier integrated with an electric drive, fire control systems, and stabilization systems to an army in Asia Pacific region
  • In December 2020, Honeywell secured a contract worth USD 1 Billion from the US Army towards the development of Automotive gas turbine 1500 engine modification for main battle tank will drive the electrification progress in this platform
  • In December 2020, US Army Awards General Dynamics USD4.6 Billion Contract for Latest Configuration to produce M1A2 SEPv3 Abrams Main Battle Tanks. The contract includes the modification and upgradation of communication, fire control, lethality, reliability, sustainment and fuel efficiency.
  • In July 2020, BAE Systems has been awarded a $32 million prototype agreement by the U.S. Army’s Rapid capabilities and Critical Technologies office (RCCTO) to integrate a Hybrid Electric Drive (HED) system onto a Bradley Fighting Vehicle.
  • In June 2020, GM Defense has acquired a contract of USD 214.3 Million from the U.S army for the production and maintenance of new Infantry Squad vehicles, based on GM’s Chevrolet Colorado ZR2

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 MILITARY VEHICLE ELECTRIFICATION MARKET SEGMENTATION
           1.3.1 REGIONAL SCOPE
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
        TABLE 1 USD EXCHANGE RATES
    1.5 LIMITATIONS
    1.6 INCLUSIONS AND EXCLUSIONS
    1.7 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
        FIGURE 2 RESEARCH PROCESS FLOW
        FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
           2.1.3 MILITARY VEHICLE ELECTRIFICATION PRIMARY DATA
    2.2 RESEARCH APPROACH & METHODOLOGY
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Market size estimation
                    2.2.1.2 Military vehicle electrification market research methodology
                            FIGURE 4 RESEARCH METHODOLOGY
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.3 Impact of COVID-19 on the military vehicle electrification market
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET TRIANGULATION
           2.3.1 TRIANGULATION THROUGH SECONDARY RESEARCH
                 FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 8 ASSUMPTIONS FOR THE RESEARCH STUDY ON THE MILITARY VEHICLE ELECTRIFICATION MARKET
    2.5 RISK ANALYSIS

3 EXECUTIVE SUMMARY (Page No. - 45)
   FIGURE 9 COMBAT VEHICLES PLATFORM ACCOUNTED FOR THE LARGEST SHARE OF THE MILITARY VEHICLE ELECTRIFICATION MARKET IN 2020
   FIGURE 10 HYBRID VEHICLES SEGMENT TO ACCOUNT FOR LARGER SHARE OF THE MILITARY VEHICLE ELECTRIFICATION MARKET DURING THE FORECAST PERIOD
   FIGURE 11 MANNED SEGMENT TO DOMINATE THE MILITARY VEHICLE ELECTRIFICATION MARKET BY OPERATION DURING THE FORECAST PERIOD
   FIGURE 12 TRACTION DRIVE SYSTEMS SEGMENT TO DOMINATE MILITARY VEHICLE ELECTRIFICATION MARKET DURING THE FORECAST PERIOD
   FIGURE 13 EUROPE ACCOUNTED FOR LARGEST SHARE OF THE MILITARY VEHICLE ELECTRIFICATION MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE MILITARY VEHICLE ELECTRIFICATION MARKET, 2020–2025
        FIGURE 14 INCREASING INVESTMENTS DRIVE THE MILITARY VEHICLE ELECTRIFICATION MARKET
    4.2 MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM
        FIGURE 15 COMBAT VEHICLES PLATFORM TO DOMINATE THE MILITARY VEHICLE ELECTRIFICATION MARKET DURING THE FORECAST PERIOD
    4.3 MILITARY VEHICLE ELECTRIFICATION MARKET, BY COMBAT VEHICLES PLATFORM
        FIGURE 16 LIGHT PROTECTED VEHICLES TO LEAD THE MILITARY VEHICLE ELECTRIFICATION MARKET DURING THE FORECAST PERIOD
    4.4 MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPORT VEHICLES PLATFORM
        FIGURE 17 REPAIR AND RECOVERY VEHICLES TO LEAD THE MILITARY VEHICLE ELECTRIFICATION MARKET DURING THE FORECAST PERIOD
    4.5 MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM
        FIGURE 18 TRACTION DRIVE SYSTEMS SEGMENT TO ACCOUNT FOR THE LARGEST SHARE IN THE MILITARY VEHICLE ELECTRIFICATION MARKET
    4.6 MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY
        FIGURE 19 AUSTRALIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
           5.1.1 DRIVERS
                    5.1.1.1 Rising requirement for electric power sources
                    5.1.1.2 Increasing oil prices and emission regulations
                    5.1.1.3 Increasing demand for lithium-ion batteries for military vehicles
                    5.1.1.4 Rising demand for autonomous military vehicles
                    5.1.1.5 Increasing budget allocations for hybrid electric vehicles
                            TABLE 2 DEFENSE EXPENDITURE BY MAJOR COUNTRIES (USD MILLION)
                    5.1.1.6 Evolution of advanced hybrid propulsion systems
           5.1.2 RESTRAINTS
                    5.1.2.1 Enhancements in power-to-weight ratio
                    5.1.2.2 Limited range of military electric vehicles
                    5.1.2.3 High cost of fuel cell electric vehicles
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Demand for power resources
                    5.1.3.2 Development of hydrogen fuel cell-powered military vehicles
                    5.1.3.3 Development of advanced power electronic components
           5.1.4 CHALLENGES
                    5.1.4.1 Life and durability of integrated systems
                    5.1.4.2 Range and charging limits
    5.2 IMPACT OF COVID-19 ON THE MILITARY VEHICLE ELECTRIFICATION MARKET
        FIGURE 20 IMPACT OF COVID-19 ON THE MILITARY VEHICLE ELECTRIFICATION MARKET
           5.2.1 DEMAND-SIDE IMPACTS
                    5.2.1.1 Key developments from January 2020 to March 2021
                            TABLE 3 KEY DEVELOPMENTS IN THE MILITARY VEHICLE ELECTRIFICATION MARKET 2020-2021
           5.2.2 SUPPLY-SIDE IMPACT
                    5.2.2.1 Key developments from January 2020 to March 2021
                            TABLE 4 KEY DEVELOPMENTS IN THE MILITARY VEHICLE ELECTRIFICATION MARKET, JANUARY 2020 TO DECEMBER 2020
    5.3 RANGES AND SCENARIOS
        FIGURE 21 IMPACT OF COVID-19 ON THE MILITARY VEHICLE ELECTRIFICATION MARKET: GLOBAL SCENARIOS
    5.4 TRENDS/BUSINESS IMPACTING CUSTOMER BUSINESS
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MILITARY VEHICLE ELECTRIFICATION MANUFACTURERS
                 FIGURE 22 REVENUE SHIFT IN MILITARY VEHICLE ELECTRIFICATION MARKET
    5.5 TRENDS IN AVERAGE SELLING PRICES
        FIGURE 23 COST COMPARISION OF ELECTRIC VEHICLE POWERTRAIN COMPONENTS IN 2017 AND 2025
        FIGURE 24 COST STRUCTURE OF BATTERY ELECTRIC VEHICLE
    5.6 MILITARY VEHICLE ELECTRIFICATION MARKET ECOSYSTEM
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 END USERS
                 FIGURE 25 MARKET ECOSYSTEM MAP: MILITARY VEHICLE ELECTRIFICATION MARKET
                 TABLE 5 MILITARY VEHICLE ELECTRIFICATION MARKET ECOSYSTEM
    5.7 VALUE CHAIN ANALYSIS
        FIGURE 26 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING ORIGINAL EQUIPMENT MANUFACTURING AND INTEGRATION PHASES
    5.8 PORTER’S FIVE FORCES ANALYSIS
        TABLE 6 MILITARY VEHICLE ELECTRIFICATION SYSTEM MARKET: PORTER’S FIVE FORCE ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 DEGREE OF COMPETITION
    5.9 TARIFF AND REGULATORY LANDSCAPE
           5.9.1 NORTH AMERICA
           5.9.2 EUROPE
           5.9.3 ASIA PACIFIC
           5.9.4 MIDDLE EAST
    5.10 TRADE ANALYSIS
         TABLE 7 IGNITION OR STARTING EQUIPMENT: COUNTRY-WISE IMPORTS, 2019-2020 (USD)
         TABLE 8 IGNITION OR STARTING EQUIPMENT: COUNTRY-WISE EXPORTS, 2019-2020 (USD)
         TABLE 9 CELLS AND BATTERIES: COUNTRY-WISE EXPORTS, 2018-2019 (USD)
         TABLE 10 CELLS AND BATTERIES: COUNTRY-WISE EXPORTS, 2019-2020 (USD)
         TABLE 11 ELECTRIC GENERATING SETS: COUNTRY-WISE EXPORTS, 2018-2019 (USD)
         TABLE 12 ELECTRIC GENERATING SETS: COUNTRY-WISE EXPORTS, 2019-2020 (USD)

6 INDUSTRY TRENDS (Page No. - 79)
    6.1 INTRODUCTION
    6.2 TECHNOLOGY TRENDS
           6.2.1 BATTERY SOURCES AND TYPES
                    6.2.1.1 Lithium-ion batteries
                    6.2.1.2 Lead acid batteries
                    6.2.1.3 Nickel-metal hydride batteries
                    6.2.1.4 Solid state batteries
                            TABLE 13 COMPARISON BETWEEN BATTERIES
           6.2.2 HYDROGEN FUEL CELLS
           6.2.3 POTENTIAL OF HYBRID TECHNOLOGY
           6.2.4 ADVANCED INTEGRATED COMMUNICATION AND NETWORK SYSTEMS
           6.2.5 ENERGY SOURCING AND POWER MANAGEMENT SYSTEMS
           6.2.6 ADOPTION OF SMART SENSORS FOR MILITARY APPLICATIONS
    6.3 TECHNOLOGICAL ANALYSIS
           6.3.1 ADDITIVE MANUFACTURING – HIGH POWER DENSITY MACHINE
           6.3.2 INTEGRATION OF ADVANCED WEAPON SYSTEMS
    6.4 USE CASE ANALYSIS: MILITARY VEHICLE ELECTRIFICATION MARKET
           6.4.1 PARIS AGREEMENT UNDER THE UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE
           6.4.2 HYDROGEN: A FUTURE FUEL
           6.4.3 UNMANNED SYSTEMS: A STEP TOWARDS ELECTRIFICATION
           6.4.4 HYBRID DIESEL-ELECTRIC SYSTEMS
    6.5 IMPACT OF MEGATRENDS
           6.5.1 AUTONOMOUS VEHICLES IN THE MILITARY SECTOR
           6.5.2 POLICIES SUPPORTING THE BATTERY AND HYDROGEN TECHNOLOGIES
    6.6 INNOVATIONS AND PATENT REGISTRATIONS

7 MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM (Page No. - 89)
    7.1 INTRODUCTION
        FIGURE 27 UNMANNED ARMORED VEHICLES SEGMENT TO GROW AT THE HIGHEST CAGR DURING 2020-2025
        TABLE 14 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020–2030 (USD MILLION)
    7.2 COMBAT VEHICLES
        TABLE 15 COMBAT VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020–2030 (USD MILLION)
        TABLE 16 COMBAT VEHICLES PLATFORM MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION, 2020–2030 (USD MILLION)
           7.2.1 MAIN BATTLE TANKS
                    7.2.1.1 Increasing demand for MBTs in cross-country operations
           7.2.2 INFANTRY FIGHTING VEHICLES
                    7.2.2.1 Procurement of IFVs by emerging countries leading to increasing demand
           7.2.3 WEAPON SYSTEMS ARMORED PERSONNEL CARRIERS (APC)
                    7.2.3.1 Increasing demand for weapon systems armored personnel carriers due to terrorist attacks and asymmetric warfare operations
           7.2.4 AMPHIBIOUS VEHICLES (AAV)
                    7.2.4.1 Increasing demand for troop carriers on battlefields from sea to land
           7.2.5 MINE-RESISTANT AMBUSH PROTECTED (MRAP)
                    7.2.5.1 Use of MRAPS for the protection of troops from IEDS and mines
           7.2.6 LIGHT ARMORED VEHICLES (LAVS)
                    7.2.6.1 Increasing use of LAVS for border patrolling and surveillance activities
           7.2.7 SELF-PROPELLED HOWITZERS (SPHS)
                    7.2.7.1 Increasing demand for self-propelled Howitzers (SPHS) on battlefields
           7.2.8 MORTAR CARRIERS
                    7.2.8.1 Demand for military vehicles with mortars and having dedicated compartments for mortar storage
           7.2.9 AIR DEFENSE VEHICLES
                    7.2.9.1 Adoption of vehicle mounted anti-aircraft guns for air defense roles
    7.3 SUPPORT VEHICLES
        TABLE 17 SUPPORT VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, 2020–2030 (USD MILLION)
        TABLE 18 SUPPORT VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
           7.3.1 SUPPLY TRUCKS
                 TABLE 19 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SUPPLY TRUCKS, 2020–2030 (USD MILLION)
                    7.3.1.1 Fuel trucks
                               7.3.1.1.1 Increasing use of fuel trucks for supplying and transporting gas, diesel, or jet fuels to forward arming and refueling points
                    7.3.1.2 Ambulances
                    7.3.1.3 Ammunition Replenishment vehicles
           7.3.2 COMMAND AND CONTROL VEHICLES
           7.3.3 REPAIR AND RECOVERY VEHICLES
           7.3.4 OTHERS
    7.4 UNMANNED ARMORED VEHICLES
           7.4.1 INCREASING ACTIVITIES IN RESEARCH & DEVELOPMENT FOR APPLICATIONS OF UNMANNED ARMORED VEHICLES ON BATTLEFIELDS
                 TABLE 20 UNMANNED ARMORED VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)

8 MILITARY VEHICLE ELECTRIFICATION MARKET, BY OPERATION (Page No. - 97)
    8.1 INTRODUCTION
        FIGURE 28 AUTONOMOUS/SEMI-AUTONOMOUS SEGMENT TO GROW AT HIGHER CAGR BETWEEN 2020-2025
        TABLE 21 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
    8.2 MANNED VEHICLES
           8.2.1 INVESTMENTS BY THE US, UK, CHINA, AND COUNTRIES IN THE MIDDLE EAST DRIVE THE MARKET
                 TABLE 22 MANNED MILITARY VEHICLES ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
    8.3 AUTONOMOUS/SEMI-AUTONOMOUS VEHICLES
           8.3.1 DEVELOPMENT OF UGVS FOR COMBAT SUPPORT EXPECTED TO DRIVE MARKET
                 TABLE 23 COMBAT SUPPORT VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)

9 MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM (Page No. - 101)
    9.1 INTRODUCTION
        FIGURE 29 POWER GENERATION SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING 2020-2025
        TABLE 24 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020 - 2030 (USD MILLION)
    9.2 POWER GENERATION
           9.2.1 INCREASING DEMAND IN THE MILITARY VEHICLES FOR POWER GENERATING SOURCES
                 TABLE 25 POWER GENERATION IN MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
           9.2.2 ENGINE/GENERATOR
                    9.2.2.1 Hybrid engine/ generator
                               9.2.2.1.1 Demand for robust and durable power generation sources for military vehicles
                    9.2.2.2 Turbine engines/generators
                               9.2.2.2.1 Modernization and procurement of military vehicles is increasing the demand for turbine engines/generators
           9.2.3 GENERATOR CONTROLLER
           9.2.4 AIR INDUCTION SYSTEM
           9.2.5 TRACTION MOTORS/PROPULSION MOTORS
    9.3 COOLING SYSTEMS
           9.3.1 NEED OF COOLING SYSTEMS TOWARDS THE MAINTENANCE OF ENGINE OPERATION
                 TABLE 26 COOLING SYSTEMS MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
           9.3.2 HEAT EXCHANGERS
           9.3.3 FANS
    9.4 ENERGY STORAGE
           9.4.1 REQUIREMENT OF BTTERY SYSTEMS FOR UNINTERRUPTED POWER SUPPLY THE VEHICLE
                 TABLE 27 ENERGY STORAGE SEGMENT MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020–2030 (USD MILLION)
                 TABLE 28 ENERGY STORAGE MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
           9.4.2 BATTERIES
                    9.4.2.1 Increasing demand of lithium-ion batteries for integrating as the power source for military vehicles
                            TABLE 29 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, BY BATTERIES 2020–2030 (USD MILLION)
                    9.4.2.2 Lead acid
                    9.4.2.3 Nickel metal hydride
                    9.4.2.4 Lithium ion
                    9.4.2.5 Solid state batteries
           9.4.3 FUEL CELLS
    9.5 TRACTION DRIVE SYSTEMS
           9.5.1 REQUIREMENT OF TRACTION DRIVE SYSTEMS TO INCRESAE THE PROPULSION OF THE VEHICLE
                 TABLE 30 TRACTION DRIVE SYSTEMS MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
           9.5.2 EX DRIVE
           9.5.3 TRACTION CONTROLLER
           9.5.4 FINAL DRIVE
    9.6 POWER CONVERSION
           9.6.1 INCREASING DEMAND FOR POWER CONVERSION SOLUTIONS FOR THE ONBOARD VEHICLE MANAGEMENT SYSTEMS
                 TABLE 31 POWER CONVERSION MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
           9.6.2 DC-DC CONVERTOR
           9.6.3 POWER INVERTOR
           9.6.4 ONBOARD CHARGER (ALTERNATOR)

10 MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY (Page No. - 110)
     10.1 INTRODUCTION
          FIGURE 30 FULLY ELECTRIC SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING 2020-2030
          TABLE 32 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020–2030 (USD MILLION)
     10.2 HYBRID ELECTRIC VEHICLES
             10.2.1 NEED FOR HYBRID ELECTRIC VEHICLES IN INCREASING THE EFFICIENCY IS EXPECTED TO DRIVE MARKET
                    TABLE 33 HYBRID ELECTRIC VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)
     10.3 FULLY ELECTRIC VEHICLES
             10.3.1 ADOPTION OF FULLY EELCTRIC VEHICLE FOR NON-COMBAT UTLILITY PURPOSE IS DRIVING THE GROWTH OF THE MARKET
                    TABLE 34 FULLY ELECTRIC VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION)

11 MILITARY VEHICLE ELECTRIFICATION MARKET, REGIONAL ANALYSIS (Page No. - 114)
     11.1 INTRODUCTION
     11.2 MILITARY VEHICLE ELECTRIFICATION MARKET: THREE GLOBAL SCENARIOS
          FIGURE 31 GLOBAL SCENARIO OF MILITARY VEHICLE ELECTRIFICATION MARKET
          FIGURE 32 ASIA PACIFIC PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
          TABLE 35 MAJOR ONGOING PROGRAMS RELATED TO MILITARY VEHICLE ELECTRIFICATION, 2019-2020
          TABLE 36 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION, 2020-2025(USD MILLION)
     11.3 NORTH AMERICA
             11.3.1 IMPACT OF COVID-19 ON NORTH AMERICA
             11.3.2 PESTLE ANALYSIS: NORTH AMERICA
                    FIGURE 33 NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT
                    TABLE 37 NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2020-2030 (USD MILLION)
                    TABLE 38 NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                    TABLE 39 NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                    TABLE 40 NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
                    TABLE 41 NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
             11.3.3 US
                        11.3.3.1 Modernization programs and defense policies increase demand for the electrification of military vehicles
                                 FIGURE 34 US: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 42 US: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 43 US: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 44 US: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 45 US: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.3.4 CANADA
                        11.3.4.1 Increasing R&D investments to drive market growth
                                 FIGURE 35 CANADA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 46 CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 47 CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 48 CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 49 CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
     11.4 EUROPE
             11.4.1 IMPACT OF COVID-19 ON EUROPE
             11.4.2 PESTLE ANALYSIS: EUROPE
                    FIGURE 36 EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT
                    TABLE 50 EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2020-2030 (USD MILLION)
                    TABLE 51 EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                    TABLE 52 EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                    TABLE 53 EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                    TABLE 54 EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.4.3 UK
                        11.4.3.1 Modernization of programs expected to drive market
                                 FIGURE 37 UK: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 55 UK: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 56 UK: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 57 UK: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 58 UK: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.4.4 FRANCE
                        11.4.4.1 Procurement of new generation combat vehicles for its defense forces are driving the market
                                 FIGURE 38 FRANCE: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 59 FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 60 FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030(USD MILLION)
                                 TABLE 61 FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 62 FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.4.5 GERMANY
                        11.4.5.1 R&D to boost market growth
                                 FIGURE 39 GERMANY: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 63 GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 64 GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 65 GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 66 GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2025–2030 (USD MILLION)
             11.4.6 RUSSIA
                        11.4.6.1 Need to modernize military capabilities drives market
                                 FIGURE 40 RUSSIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 67 RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 68 RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 69 RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 70 RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2025–2030 (USD MILLION)
             11.4.7 ITALY
                        11.4.7.1 Increasing upgrades of existing defense equipment and introduction of new platforms expected to boost market
                                 FIGURE 41 ITALY: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 71 ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 72 ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 73 ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 74 ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2025–2030 (USD MILLION)
             11.4.8 REST OF EUROPE
                    TABLE 75 REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                    TABLE 76 REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                    TABLE 77 REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                    TABLE 78 REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
     11.5 ASIA PACIFIC
             11.5.1 IMPACT OF COVID-19 ON THE ASIA PACIFIC
             11.5.2 PESTLE ANALYSIS: ASIA PACIFIC
                    FIGURE 42 ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT
                    TABLE 79 ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2020-2030 (USD MILLION)
                    TABLE 80 ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                    TABLE 81 ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                    TABLE 82 ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                    TABLE 83 ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.5.3 INDIA
                        11.5.3.1 Ongoing modernization of Indian defense to fuel market growth
                                 FIGURE 43 INDIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 84 INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 85 INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 86 INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 87 INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.5.4 CHINA
                        11.5.4.1 Increasing expenditure on R&D for military equipment drives market
                                 FIGURE 44 CHINA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 88 CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 89 CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 90 CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 91 CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.5.5 JAPAN
                        11.5.5.1 Need to strengthen combat capabilities to boost market
                                 FIGURE 45 JAPAN: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 92 JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 93 JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 94 JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 95 JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.5.6 SOUTH KOREA
                        11.5.6.1 Vision to digitally transform defense sector drives market
                                 FIGURE 46 SOUTH KOREA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 96 SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 97 SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 98 SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 99 SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.5.7 AUSTRALIA
                        11.5.7.1 High demand for modern digital technologies in military equipment
                                 FIGURE 47 AUSTRALIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 100 AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 101 AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 102 AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 103 AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
     11.6 MIDDLE EAST & AFRICA
             11.6.1 IMPACT OF COVID-19 ON THE MIDDLE EAST & AFRICA
             11.6.2 PESTLE ANALYSIS: MIDDLE EAST & AFRICA
                    FIGURE 48 MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT
                    TABLE 104 MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2020-2030 (USD MILLION)
                    TABLE 105 MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                    TABLE 106 MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                    TABLE 107 MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                    TABLE 108 MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.6.3 ISRAEL
                        11.6.3.1 Military modernization programs and development of capabilities of defense organizations drive market
                                 FIGURE 49 ISRAEL: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 109 ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 110 ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 111 ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 112 ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.6.4 TURKEY
                        11.6.4.1 Focus on strengthening defense capability fuels market growth
                                 FIGURE 50 TURKEY: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 113 TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 114 TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 115 TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 116 TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.6.5 SAUDI ARABIA
                        11.6.5.1 Procurement of military combat vehicles and armored personnel vehicles boosting growth
                                 FIGURE 51 SAUDI ARABIA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 117 SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 118 SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 119 SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 120 SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.6.6 SOUTH AFRICA
                        11.6.6.1 Modernization of armed forces leading to the growth of the military vehicle market
                                 FIGURE 52 SOUTH AFRICA: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 121 SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 122 SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 123 SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 124 SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
     11.7 LATIN AMERICA
             11.7.1 IMPACT OF COVID-19 ON LATIN AMERICA
             11.7.2 PESTLE ANALYSIS: LATIN AMERICA
                    FIGURE 53 LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT
                    TABLE 125 LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2020-2030 (USD MILLION)
                    TABLE 126 LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                    TABLE 127 LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                    TABLE 128 LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                    TABLE 129 LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION)
             11.7.3 BRAZIL
                        11.7.3.1 Modernization of armed forces propels market
                                 FIGURE 54 BRAZIL: MILITARY SPENDING, 2010–2019 (USD BILLION)
                                 TABLE 130 BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2020-2030 (USD MILLION)
                                 TABLE 131 BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY TECHNOLOGY, 2020-2030 (USD MILLION)
                                 TABLE 132 BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SYSTEM, 2020-2030 (USD MILLION)
                                 TABLE 133 BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2025–2030 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 174)
     12.1 INTRODUCTION
          TABLE 134 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE MILITARY VEHICLE ELECTRIFICATION MARKET BETWEEN 2018 AND 2021
     12.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
          FIGURE 55 RANKING ANALYSIS OF TOP FIVE PLAYERS: MARKET, 2020
     12.3 MARKET SHARE OF KEY PLAYERS, 2020
     12.4 REVENUE ANALYSIS OF THE TOP FIVE MARKET PLAYERS, 2020
          TABLE 135 COMPANY PRODUCT FOOTPRINT
          TABLE 136 COMPANY TECHNOLOGY FOOTPRINT
          TABLE 137 COMPANY PLATFORM FOOTPRINT
          TABLE 138 COMPANY REGION FOOTPRINT
             12.4.1 COMPANY EVALUATION QUADRANT
                        12.4.1.1 Star
                        12.4.1.2 Emerging Leader
                        12.4.1.3 Pervasive
                        12.4.1.4 Participant
                                 FIGURE 56 MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
             12.4.2 MILITARY VEHICLE ELECTRIFICATION MARKET COMPETITIVE LEADERSHIP MAPPING (SME)
                        12.4.2.1 Progressive companies
                        12.4.2.2 Responsive companies
                        12.4.2.3 Starting blocks
                        12.4.2.4 Dynamic companies
                                 FIGURE 57 MILITARY VEHICLE ELECTRIFICATION MARKET SME/START-UP MAPPING, 2020
     12.5 COMPETITIVE SCENARIO
             12.5.1 MARKET EVALUATION FRAMEWORK
             12.5.2 NEW PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 139 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2017-2021
             12.5.3 CONTRACTS
                    TABLE 140 CONTRACTS, 2017-2021
             12.5.4 VENTURES/AGREEMENTS/EXPANSION
                    TABLE 141 ACQUISITIONS/PARTNERSHIPS/JOINT VENTURES/AGREEMENTS/ EXPANSIONS, 2017-2021

13 COMPANY PROFILES (Page No. - 191)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 KEY PLAYERS
             13.1.1 BAE SYSTEMS
                    FIGURE 58 BAE SYSTEMS: COMPANY SNAPSHOT
                    TABLE 142 BAE SYSTEMS BUSINESS OVERVIEW
             13.1.2 GENERAL DYNAMICS
                    FIGURE 59 GENERAL DYNAMICS: COMPANY SNAPSHOT
                    TABLE 143 GENERAL DYNAMICS BUSINESS OVERVIEW
             13.1.3 LEONARDO SPA
                    FIGURE 60 LEONARDO SPA: COMPANY SNAPSHOT
                    TABLE 144 LEONARDO SPA BUSINESS OVERVIEW
             13.1.4 TEXTRON INC.
                    FIGURE 61 TEXTRON INC.: COMPANY SNAPSHOT
                    TABLE 145 TEXTRON INC. BUSINESS OVERVIEW
             13.1.5 GENERAL MOTORS
                    FIGURE 62 GENERAL MOTORS: COMPANY SNAPSHOT
                    TABLE 146 GENERAL MOTORS BUSINESS OVERVIEW
             13.1.6 OSHKOSH CORPORATION
                    FIGURE 63 OSHKOSH: COMPANY SNAPSHOT
                    TABLE 147 OSHKOSH BUSINESS OVERVIEW
             13.1.7 NIKOLA MOTOR COMPANY
                    FIGURE 64 NIKOLA MOTOR: COMPANY SNAPSHOT
                    TABLE 148 NIKOLA MOTOR BUSINESS OVERVIEW
             13.1.8 OTOKAR OTOMOTIVE VE SAVUNMA SANAYI
                    FIGURE 65 OTOKAR: COMPANY SNAPSHOT
                    TABLE 149 OTOKAR BUSINESS OVERVIEW
             13.1.9 QINETIQ GROUP PLC
                    FIGURE 66 QINETIQ GROUP PLC: COMPANY SNAPSHOT
                    TABLE 150 QINETIQ GROUP PLC BUSINESS OVERVIEW
             13.1.10 KRAUSS-MAFFEI WEGMANN
                     TABLE 151 KRAUSS-MAFFEI WEGMANN BUSINESS OVERVIEW
             13.1.11 FLENSBERG FAHRZEUGBAU GESELLSCHAFT GMBH
                     TABLE 152 FLENSBERG FAHRZEUGBAU GESELLSCHAFT GMBH BUSINESS OVERVIEW
             13.1.12 ARQUUS
                     TABLE 153 ARQUUS BUSINESS OVERVIEW
             13.1.13 EPSILOR ELECTRIC FUEL LTD
                     TABLE 154 EPSILOR ELECTRIC FUEL LTD BUSINESS OVERVIEW
             13.1.14 NEXTER GROUP
                     TABLE 155 NEXTER GROUP BUSINESS OVERVIEW
             13.1.15 UKROBORONPROM
                     TABLE 156 UKROBORONPROM BUSINESS OVERVIEW
             13.1.16 POLARIS INDUSTRIES INC
                     FIGURE 67 POLARIS INDUSTRIES INC: COMPANY SNAPSHOT
                     TABLE 157 POLARIS INDUSTRIES INC BUSINESS OVERVIEW
             13.1.17 ST ENGINEERING
                     FIGURE 68 ST ENGINEERING: COMPANY SNAPSHOT
                     TABLE 158 ST ENGINEERING BUSINESS OVERVIEW
             13.1.18 BALLARD POWER SYSTEMS
                     FIGURE 69 BALLARD POWER SYSTEMS: COMPANY SNAPSHOT
                     TABLE 159 BALLARD POWER SYSTEMS BUSINESS OVERVIEW
             13.1.19 ASELSAN A.S.
                     FIGURE 70 ASELSAN A.S.: COMPANY SNAPSHOT
                     TABLE 160 ASELSAN A.S. BUSINESS OVERVIEW
             13.1.20 TESLA INC.
                     FIGURE 71 TESLA: COMPANY SNAPSHOT
                     TABLE 161 TESLA BUSINESS OVERVIEW
     13.2 OTHER KEY PLAYERS
             13.2.1 MILREM ROBOTICS
                    TABLE 162 MILREM ROBOTICS BUSINESS OVERVIEW
             13.2.2 AM GENERAL
                    TABLE 163 AM GENERAL BUSINESS OVERVIEW
             13.2.3 HIGHLAND SYSTEMS
                    TABLE 164 HIGHLAND SYSTEMS BUSINESS OVERVIEW
             13.2.4 ALKE
                    TABLE 165 ALKE BUSINESS OVERVIEW
             13.2.5 MEGA ENGINEERING VEHICLES INC.
                    TABLE 166 MEGA ENGINEERING VEHICLES INC. BUSINESS OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 239)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved various activities in estimating the market size for Military Vehicle Electrification. Exhaustive secondary research was undertaken to collect information on the Military Vehicle Electrification market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both demand- and supply-side analyses were carried out to estimate the overall size of the market. Thereafter, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the Military Vehicle Electrification market.

Secondary Research

The market share of companies in the Military Vehicle Electrification market was determined by using the secondary data acquired through paid and unpaid sources and analyzing product portfolios of major companies operating in the market. These companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred for this research study on the Military Vehicle Electrification market included government sources, such as the US Department of Defense (DoD); federal and state governments of various countries; corporate filings, such as annual reports, investor presentations, and financial statements; and trade, business, and professional associations; among others. Secondary data was collected and analyzed to arrive at the overall size of the Military Vehicle Electrification market, which was further validated by primary respondents.

Primary Research

Extensive primary research was conducted after acquiring information about the current scenario of the Military Vehicle Electrification market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major regions, namely, North America, Europe, Asia Pacific, the Middle East, and the Rest of the World (RoW). Primary data was collected through questionnaires, emails, and telephonic interviews.

Military Vehicle Electrification Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the Military Vehicle Electrification market size. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following steps:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Research Approach

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Military Vehicle Electrification market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Military Vehicle Electrification Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall size of the Military Vehicle Electrification market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the Military Vehicle Electrification market.

Objectives of the Report

  • To define, describe, segment, and forecast the size of the Military Vehicle Electrification market based on vertical, solution, installation, technology, end-use, and region
  • To understand the structure of the market by identifying its various segments and subsegments
  • To forecast the size of various segments of the market with respect to four major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World, along with the major countries in each of these regions
  • To identify and analyze key drivers, restraints, opportunities, and challenges that influence the growth of the Military Vehicle Electrification market
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and their contributions to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying key market trends
  • To analyze competitive developments such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements in the market
  • To provide a detailed competitive landscape of the Military Vehicle Electrification market, along with an analysis of the business and corporate strategies adopted by leading players

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the Military Vehicle Electrification market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Military Vehicle Electrifications market
COVID-19

Get in-depth analysis of the COVID-19 impact on the Military Vehicle Electrification Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Military Vehicle Electrification Market

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Report Code
AS 7916
Published ON
Jun, 2021
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