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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

  • ID: 5350213
  • Report
  • June 2021
  • Region: Global
  • 240 Pages
  • Markets and Markets
The 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 to USD 17.6 Billion by 2030 at a CAGR of 15.6%

FEATURED COMPANIES

  • Alke
  • Aselsan A.S.
  • Epsilor Electric Fuel Ltd
  • Highland Systems
  • Milrem Robotics
  • Oshkosh Corporation
  • MORE

The 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 to USD 17.6 billion by 2030 at a CAGR of 15.6%. The major growth drivers for this market include rising global concerns, increasing technologies supporting the vehicle dynamics to integrate the electrification in military vehicles and focus on increasing the fleet size.

The Military vehicle electrification market includes major players Oshkosh Corporation (US), General Dynamics (US), Arquus (France), Leonardo SPA (Italy), BAE Systems (UK), Aselsan (Turkey), Textron Systems (US) and General Motors (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

The unmanned armoured vehicle segment of the market is projected to grow at the highest CAGR from 2021 to 2025.

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 are 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 the forecast period. The requirement of autonomous vehicles that help in reducing human loss and increasing capabilities are helping the growth of the 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.

The Europe region is estimated to account for the largest share of the Military vehicle electrification market in 2021

The Military vehicle electrification market in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments in Military vehicle electrification technologies by countries in this region. Ministry of defence in the European countries are involved in the development of technologically advanced military vehicles and the procurement of new to increase their fleet size. Well-established and prominent manufacturers of Military vehicle electrification systems in this region include Bae systems (Uk), Leonardo Spa (Italy), Qinetiq(Uk) and Arquus (France).

The break-up of the profiles of primary participants in the Military vehicle electrification market is as follows:

  • By Company Type: Tier 1 - 30%; Tier 2 - 40%; and Tier 3 - 30%
  • By Designation: C Level Executives - 40%; Directors - 32%; and Others - 28%
  • By Region: North America - 40%; Europe - 15%; Asia Pacific - 40%, Rest of the World - 5%

Major players in the Military vehicle electrification market are Oshkosh Corporation (US), BAE Systems (UK), General Dynamics (US), General Motors (US), Leonardo (Italy), and Qinetiq (UK)

Research Coverage

This market study covers the Military vehicle electrification market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on platform, technology, operation, system, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall Military vehicle electrification market and its segments. This study is also expected to provide region-wise information about the applications wherein Military vehicle electrification solutions are used. It also aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the Military vehicle electrification market.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on Military vehicle electrification products/ solutions offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Military vehicle electrification market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the Military vehicle electrification market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Military vehicle electrification market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Military vehicle electrification market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alke
  • Aselsan A.S.
  • Epsilor Electric Fuel Ltd
  • Highland Systems
  • Milrem Robotics
  • Oshkosh Corporation
  • MORE

1 Introduction
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
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
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
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
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
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
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
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
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 Battery 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 Increase 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 Inverter
9.6.4 Onboard Charger (Alternator)

10 Military Vehicle Electrification Market, by Technology
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 Electric Vehicle for Non-Combat Utility 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
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
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
Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's 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, Analyst's View Might Not be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details

Note: Product cover images may vary from those shown
  • Alke
  • AM General
  • ArquUS
  • Aselsan A.S.
  • BAE Systems
  • Ballard Power Systems
  • Epsilor Electric Fuel Ltd
  • Flensberg Fahrzeugbau Gesellschaft Gmbh
  • General Dynamics
  • General Motors
  • Highland Systems
  • Krauss-Maffei Wegmann
  • Leonardo Spa
  • Mega Engineering Vehicles Inc.
  • Milrem Robotics
  • Nexter Group
  • Nikola Motor Company
  • Oshkosh Corporation
  • Otokar Otomotive VE Savunma Sanayi
  • Polaris Industries Inc
  • Qinetiq Group plc
  • St Engineering
  • Tesla Inc.
  • Textron Inc.
  • UKroboronprom
Note: Product cover images may vary from those shown

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