Military Vehicle Electrification Market

Military Vehicle Electrification Market by Technology, System (Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion, Transmission System), Platform, Mode of Operation & Region - Global Forecast to 2027

Report Code: AS 7916 Nov, 2022, by marketsandmarkets.com

[245 Pages Report] According to MarketsandMarkts, The military vehicle electrification market will be USD 3.5  billion in 2022 and is projected to be USD 15.1 billion by 2027 at a CAGR of 34.1% from 2022 to 2027. Demand for the electrification of military vehicles among defense forces is high due to military upgrades as well as new procurement programs, particularly in developed and emerging economies such as the US, India, and China, among others. It has applications in surveillance & stealth modes, combat vehicles, utility trucks, logistics & transportation, and armored vehicles, among others.

There have been major developments in computing, communication, display technologies, and Vetronics. Such products and services play an important role in ensuring real-time situational awareness during critical missions, significantly improving combat power and reducing casualties. An internal power source in a vehicle is required to enable the utilization of all the devices installed and to supply power to them on active battlefields. This also helps in stealth and surveillance operations, increasing the success rate due to the rising focus of defense forces on interconnecting tanks, helicopters, military vehicles, artillery, and support vehicles, which is expected to boost market growth during the forecast period.

Military Vehicle Electrification Market

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Market Dynamics

Driver: Increasing modern battlefield requirements such as silent mobility, and low thermal signature

Hybrid electric and fully electric military vehicles yield great operational benefits, such as facilitating extended range and improving the onboard power capability for electrified armor, jammers, and directed-energy weapons. Other advantages of the MVE include reduced fuel consumption, reduced acoustic and thermal signature, silent mobility, and lower maintenance and logistics footprint. Hybridization of combat and tactical vehicles improves camouflaging by reducing thermal and acoustic emissions, which delivers added tactical advantage and improves stealth capability.

Biden's government initiative to run a net zero-emission department by  2050, which involves a zero-emission non-tactical fleet, is a major boost to MVEs.

Restraint: Enhancement in the power-weight ratio

The power-to-weight ratio is the amount of power a vehicle has in relation to its weight. Thus, the weight is inversely proportional to the power supplied to the engine. The higher the weight, the lower the performance. Due to the developments in technologies, military vehicles have advanced due to the increasing safety features, mobility, and convenience which have been added. The incorporation of heavy battery cells into vehicles is expected to make them even bulkier. Thus, the weight of vehicles has increased significantly with respect to their performance. The difference between a battery-powered vehicle running on fossil fuels is significant. The weight of a diesel-filled tank as against the battery cell-powered tank, is approximately 100 times higher than the latter but fails to deliver the same efficiency.

Opportunity: Demand for power resources.

Military vehicles have extreme power demands. Requirements such as acceleration, top vehicle speed, and braking system depend upon the available horsepower from the prime mover and the energy storage device required for usage when needed for vehicle mobility. The demand for silent monitoring power is needed to be established for longer periods, at the same time, taking into account the efficiency of the system and the demand for and supply of energy. Similarly, a high voltage power pulse is required to power the Electro-Thermal Chemical/Ignition (ETC)/(ETI), the Electro Magnetic gun, and the Electro Magnetic Armor (EMA).

The hybrid electric platform is the most suitable type for vehicles for the incorporation of the demand for power for both continuous and pulsed loads. The global demand for power is increasing, and this applies to the military sector too. The need for components offering parallel operations with lower power consumption, as well as a reduction in size and weight, has resulted in the increasing demand for power resources. On the other hand, the continuous upgrade of military electronics requires upgrades of Vetronic systems as well in order to match the design requirements of the supportive electronic systems and equipment.

As onboard technology becomes increasingly sophisticated along with new technologies, revolutionary designs are expected to be the first to adopt them. In military applications, these could be the key features that lead the way for the rest of the market.

Challenge: Life and durability of integrated systems

The key concerns of modernizing military vehicles are their weight and power. Military vehicles should be resilient enough to withstand the standard demands of the industry. Modern military vehicles are required to be reliable for operation on rough terrain, should be functional in extreme temperatures, and be water-resistant. Internal electronic materials such as connectors, headers, and terminals are designed to be rugged.

The series includes connectors designed for the truck, bus, and off-highway sectors, such as the HD30 series, which are constructed from metal shells to meet the needs of the heavy-duty and transportation industry. The connectors operate at high temperatures and do not exhibit mechanical or physical damage after sinusoidal vibration levels owing to the increase in the number of components needed to perform vital functions. The complexity involved in reducing the size and weight of digital battlefield products is expected to make the manufacturing process increasingly expensive. Industry players need to install sophisticated machinery and invest in R&D activities to increase device efficiency. Undertaking efforts to minimize the associated weight and size of devices while maintaining their advanced features may create barriers to the growth of the military vehicle electrification market.

Based on technology, the fully electric vehicle segment is projected to grow at the highest CAGR during the forecast period.

Based on technology, the military vehicle electrification market is segmented into hybrid and fully electric vehicles. Hybrid and fully electric vehicles are still in the developmental stages, and as of now, none of the militaries has active fleets of fully electric vehicles. Manufacturers, industry players, and governments are investing in R&D to enable the electrification of military vehicles. The fully electric segment is projected to grow at the highest CAGR during the forecast period due to the development of alternate sources other than ICE engines, increasing the efficiency of vehicles.

Based on systems, the power conversion segment is projected to lead the market during the forecast period.

Based on system, the military vehicle electrification market has been segmented into power generation, cooling systems, energy storage, traction drive systems, power conversion systems, and transmission system. The power conversion segment is projected to lead the market during the forecast period. The high voltage current requirements in today's vehicles are creating technical challenges for power conversion. Power conversion systems are required to convert the energy stored in the energy management systems to power so that it can be used for onboard vehicle systems. The power conversion system has variants, namely, Dc-Dc converters, power inverters, and onboard chargers. In November 2021, The Defense Innovation Unit (DIU) and the Project Manager Transportation Systems (PM TS) of the US Army's Program Executive Office for Combat Support & Combat Service Support (PEO CS&CSS) were working together to develop a hybrid conversion kit for tactical vehicles. The FMTV, the Army's standard two-and-a-half to ten-ton trucks, will be the initial target of the effort's integration of an idle-reduction capability.

Military Vehicle Electrification Market by Region

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The North American region is projected to lead the Military vehicle electrification market in the forecast period

The North American Military Vehicle Electrification market is projected to lead the market during the forecast period. The growth of the North American Military Vehicle Electrification market is primarily driven by strong political support in the North American region for the adoption of advanced military capabilities, including modernizing military vehicles and upgrading their integrated systems. Another driving factor is that most leading manufacturers and developers of military systems and technologies are concentrated in this region, with clear policies laid out for dealing with the governments on defense matters.

Key Market Players

General Motors (US), General Dynamics (US), Oshkosh Corporation (US), BAE Systems (UK),  Leonardo S.p.A (Italy) and Textron Systems (US).

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2022-2027

Forecast units

Value (USD  Billion and Million)

Segments covered

 By Technology, By Platform, By System, By Mode of Operation, and Region

Geographies covered

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

Companies covered

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

The study categorizes the Military Vehicle Electrification market based on Technology, Platform,   System, Mode of Operation, and  Region.

Aspect

Details

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
  • Transmission System

By Mode of Operation

  • Manned
  • Autonomous/semi-autonomous

By Region

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

Recent Developments

  • In October 2022, the Defense Innovation Unit (DIU) chose GM Defense, a subsidiary of General Motors provided, a battery pack prototype for evaluation on Department of Defense systems. The DIU's demand for a scalable design that may be applied to tactical military vehicles is satisfied by the Ultium Platform. The aim of GM Defence, was to use GM's cutting-edge technologies for international defense and government customers, is aligned with DIU, a Department of Defense institution to accelerate the adoption of commercial technology across the US military.
  • In July 2022, The US Army chose GM Motors to supply a battery-electric vehicle for testing and demonstration. The GMC HUMMER EV, which is built on GM's Ultium Platform, will be used by GM Defense to satisfy the US Army's needs.
  • In July 2022, Detroit Arsenal (ACC- DTA), the US Army Contracting Command, announced that it awarded Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation, an order valued at USD 130 Million to upgrade 95 additional Stryker Double-V Hull Infantry Carrier Vehicles (ICVVA1) with the 30 mm Medium Caliber Weapon System (MCWS) and electrification of the component.
  • In May 2022, BAE Systems planned to provide power and propulsion technology to the heavy-duty industrial vehicle market. The company's electric drive system provides a revolutionary design that will help industrial vehicle original equipment manufacturers (OEMs) get their electric vehicles (EVs) to market faster and at a lower installed cost.
  • In February 2021, USD 46 million contract was awarded to Elbit Systems to provide an army in the Asia Pacific region with a 6x6 armor personnel carrier equipped with an electric drive, fire control equipment, and stabilizing systems.
  • In December 2020, Honeywell was awarded a USD 1 billion contract by the US Army to build an automobile gas turbine 1500 engine modification for the main battle tank, which will propel the platform's march toward electrification.
  • In December 2020, US Army awarded General Dynamics a USD 4.6 billion contract to build M1A2 SEPv3 Abrams Main Battle Tanks in the most recent configuration. The contract included modification and upgradation of communication, lethality, reliability, fire control, sustainment, and fuel efficiency.
  • In July 2020, The US Army's Rapid Capabilities and Critical Technologies Office (RCCTO) gave BAE Systems a USD 32 million prototype contract to attach a Hybrid Electric Drive (HED) system to a Bradley Fighting Vehicle.
  • In June 2020, The US army awarded GM Defense a USD 214.3 million contract for the creation and upkeep of new Infantry Squad vehicles based on GM's Chevrolet Colorado ZR2 model.

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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
    5.1 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) 94
           TABLE 18 SUPPORT VEHICLES MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION 2020–2030 (USD MILLION) 94
           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) 96

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 98
           TABLE 21 MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY OPERATION, 2020–2030 (USD MILLION) 98
    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 sub-segments 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 sub-segments 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.

Global Military Vehicle Electrification market Size: Bottom-Up Approach

Military Vehicle Electrification Market Size, and Bottom-Up Approach

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 the demand as well as supply sides of the Military Vehicle Electrification market.

Objectives of the Report

  • To analyze the size of the military vehicle electrification market and provide projections from 2022 to 2027
  • To define, describe, and forecast the size of the market based on system, technology, mode of operation, and platform, along with regional analysis
  • To understand the market structure by identifying its various subsegments
  • To provide in-depth market intelligence regarding the dynamics (drivers, restraints, opportunities, and challenges) and major factors that influence the growth of the market
  • To forecast the size of various segments of the market with respect to major countries such as the US, China, the UK, Saudi Arabia, Germany, France, Russia, India, Japan, South Korea, and Israel, among others
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the market
  • To provide a detailed competitive landscape of the market, along with an analysis of the business and corporate strategies adopted by the key players
  • To analyze competitive developments of the key players in the market such as contracts, acquisitions, partnerships, expansions, and new product developments
  • To strategically profile key market players and comprehensively analyze their core competencies
  • To strategically analyze the with respect to individual growth trends, prospects, and their contribution to the overall market
  • To profile key market players and comprehensively analyze their market share and core competencies2

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
Report Code
AS 7916
Published ON
Nov, 2022
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