Military Vehicle Electrification Market

The report "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" 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. The market is growing as a result of the rising number of new car purchases. As the idea of alternate sources like batteries and fuel cells is becoming more popular, the market for military vehicle electrification is expanding. This necessitates a powerful collaboration between public and private actors, which is anticipated to occur during the forecast period. The new, rising security situations worldwide call for a coordinated strategy among nations. In this fiercely competitive economic environment, industries with a global presence and relationships with local and international military vehicle industry participants and governments are expected to prosper. Businesses that wish to expand in this industry must be able to keep up with changing threats and the technology required to combat them. They also need to be able to offer comprehensive solutions that encompass services and tools for Military Vehicle Electrification.

Browse 258 market data Tables and 55 Figures spread through 256 Pages and in-depth TOC on "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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/military-vehicle-electrification-market-55451533.html

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

Based on platform, the military vehicle electrification market has been segmented into combat vehicles, support vehicles, and unmanned armored vehicles. The three platforms are anticipated to increase in proportion to the expansion of the military vehicle electrification market. During the forecast period, a similar level of military vehicle electrification is anticipated for both combat and support vehicles.

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

The military vehicle electrification market based on the mode of operation comprises manned and autonomous/semi-autonomous vehicles. Manned vehicles are driven and operated by crews in the vehicles. Autonomous/semi-autonomous vehicles do not require the physical presence of crews. These vehicles are either remotely operated or fully autonomous. The Autonomous/semi-autonomous vehicle can be used in scenarios wherein it can be crucial to have a human operator.

 Europe is the fastest-growing region for the military vehicle electrification market during the forecast period

The Military Vehicle Electrification market in Europe is projected to grow at the highest CAGR during the forecast period. The Europe Military Vehicle Electrification market growth is driven mostly by the government of France, Germany, and Russia investigating the development of their defense platform. In addition, countries in these regions have a strong focus on research & development activities. For instance, Germany, Russia, and France are leaders in technology exports to countries across the globe. This can be attributed to strong supply chains and a focus on innovation, enabling the adoption of technologically advanced military vehicle electrification equipment in this region. The French government spends 1% of its revenue on research & development.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as. BAE Systems Plc. (UK), General Dynamics (US), General Motors (US), Textron Systems (US), Leonardo DRS (Italy), Nexter Group (US), and Oshkosh Corporation (US).

Don’t miss out on business opportunities in Military Vehicle Electrification Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]