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Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market 2025-2029

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    Report

  • 218 Pages
  • May 2025
  • Region: Global
  • TechNavio
  • ID: 5767873
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The military hybrid electric vehicle (HEV) and electric vehicle (EV) market is forecasted to grow by USD 17.97 trillion during 2024-2029, accelerating at a CAGR of 20.6% during the forecast period. The report on the military hybrid electric vehicle (HEV) and electric vehicle (EV) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by push toward adoption of green (eco-friendly) vehicles, stringent regulations on emissions and fuel efficiency, and increasing sales of military evs and hevs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The military hybrid electric vehicle (HEV) and electric vehicle (EV) market is segmented as below:

By Product

  • Manned military HEV and EV
  • Unmanned military HEV and EV

By Type

  • AC charging
  • DC charging

By Application

  • Combat vehicles
  • Support vehicles
  • Unmanned vehicles

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the advancements in battery technology in evs and hevs as one of the prime reasons driving the military hybrid electric vehicle (HEV) and electric vehicle (EV) market growth during the next few years. Also, high-density, high-power, and small-size li-ion batteries and international alliances on zero-emission vehicles (ZEVs) among different countries will lead to sizable demand in the market.

The report on the military hybrid electric vehicle (HEV) and electric vehicle (EV) market covers the following areas:

  • Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market sizing
  • Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market forecast
  • Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military hybrid electric vehicle (HEV) and electric vehicle (EV) market vendors that include AeroVironment Inc., Alke s.r.l., BAE Systems Plc, Elbit Systems Ltd., Ford Motor Co., General Atomics, General Dynamics Corp., General Motors Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Logos Technologies LLC, Milrem AS, Nikola Corp., Northrop Grumman Corp., Oshkosh Corp., QinetiQ Ltd., Singapore Technologies Engineering Ltd., The Boeing Co., and Zero Motorcycles Inc. Also, the military hybrid electric vehicle (HEV) and electric vehicle (EV) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ billion)
Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market 2019 - 2023
Historic Market Size - Data Table on Global Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market 2019 - 2023 ($ billion)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ billion)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.4 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ billion)
5.5 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.6 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI in global military hybrid electric vehicle (HEV) and electric vehicle (EV) market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Manned military - Market size and forecast 2024-2029
Chart on Manned military - Market size and forecast 2024-2029 ($ billion)
Data Table on Manned military - Market size and forecast 2024-2029 ($ billion)
Chart on Manned military - Year-over-year growth 2024-2029 (%)
Data Table on Manned military - Year-over-year growth 2024-2029 (%)
8.4 Unmanned military - Market size and forecast 2024-2029
Chart on Unmanned military - Market size and forecast 2024-2029 ($ billion)
Data Table on Unmanned military - Market size and forecast 2024-2029 ($ billion)
Chart on Unmanned military - Year-over-year growth 2024-2029 (%)
Data Table on Unmanned military - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 AC charging - Market size and forecast 2024-2029
Chart on AC charging - Market size and forecast 2024-2029 ($ billion)
Data Table on AC charging - Market size and forecast 2024-2029 ($ billion)
Chart on AC charging - Year-over-year growth 2024-2029 (%)
Data Table on AC charging - Year-over-year growth 2024-2029 (%)
9.4 DC charging - Market size and forecast 2024-2029
Chart on DC charging - Market size and forecast 2024-2029 ($ billion)
Data Table on DC charging - Market size and forecast 2024-2029 ($ billion)
Chart on DC charging - Year-over-year growth 2024-2029 (%)
Data Table on DC charging - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
10 Market Segmentation by Application
10.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
10.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
10.3 Combat vehicles - Market size and forecast 2024-2029
Chart on Combat vehicles - Market size and forecast 2024-2029 ($ billion)
Data Table on Combat vehicles - Market size and forecast 2024-2029 ($ billion)
Chart on Combat vehicles - Year-over-year growth 2024-2029 (%)
Data Table on Combat vehicles - Year-over-year growth 2024-2029 (%)
10.4 Support vehicles - Market size and forecast 2024-2029
Chart on Support vehicles - Market size and forecast 2024-2029 ($ billion)
Data Table on Support vehicles - Market size and forecast 2024-2029 ($ billion)
Chart on Support vehicles - Year-over-year growth 2024-2029 (%)
Data Table on Support vehicles - Year-over-year growth 2024-2029 (%)
10.5 Unmanned vehicles - Market size and forecast 2024-2029
Chart on Unmanned vehicles - Market size and forecast 2024-2029 ($ billion)
Data Table on Unmanned vehicles - Market size and forecast 2024-2029 ($ billion)
Chart on Unmanned vehicles - Year-over-year growth 2024-2029 (%)
Data Table on Unmanned vehicles - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Application
Market opportunity by Application ($ billion)
Data Table on Market opportunity by Application ($ billion)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
12.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ billion)
Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ billion)
Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
12.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ billion)
Data Table on China - Market size and forecast 2024-2029 ($ billion)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ billion)
Data Table on India - Market size and forecast 2024-2029 ($ billion)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
12.11 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ billion)
Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.12 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.13 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.14 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ billion)
Data Table on France - Market size and forecast 2024-2029 ($ billion)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
12.15 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
12.16 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ billion)
Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
12.17 Australia - Market size and forecast 2024-2029
Chart on Australia - Market size and forecast 2024-2029 ($ billion)
Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
Chart on Australia - Year-over-year growth 2024-2029 (%)
Data Table on Australia - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
13 Drivers, Challenges, and Opportunity/Restraints
13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints
14 Competitive Landscape
14.1 Overview
14.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
Overview on factors of disruption
14.4 Industry risks
Impact of key risks on business
15 Competitive Analysis
15.1 Companies profiled
Companies covered
15.2 Company ranking index
Company ranking index
15.3 Market positioning of companies
Matrix on companies position and classification
15.4 AeroVironment Inc.
AeroVironment Inc. - Overview
AeroVironment Inc. - Business segments
AeroVironment Inc. - Key news
AeroVironment Inc. - Key offerings
AeroVironment Inc. - Segment focus
SWOT
15.5 Alke s.r.l.
Alke s.r.l. - Overview
Alke s.r.l. - Product / Service
Alke s.r.l. - Key offerings
SWOT
15.6 BAE Systems Plc
BAE Systems Plc - Overview
BAE Systems Plc - Business segments
BAE Systems Plc - Key news
BAE Systems Plc - Key offerings
BAE Systems Plc - Segment focus
SWOT
15.7 Elbit Systems Ltd.
Elbit Systems Ltd. - Overview
Elbit Systems Ltd. - Product / Service
Elbit Systems Ltd. - Key news
Elbit Systems Ltd. - Key offerings
SWOT
15.8 Ford Motor Co.
Ford Motor Co. - Overview
Ford Motor Co. - Business segments
Ford Motor Co. - Key offerings
Ford Motor Co. - Segment focus
SWOT
15.9 General Atomics
General Atomics - Overview
General Atomics - Product / Service
General Atomics - Key offerings
SWOT
15.10 General Dynamics Corp.
General Dynamics Corp. - Overview
General Dynamics Corp. - Business segments
General Dynamics Corp. - Key news
General Dynamics Corp. - Key offerings
General Dynamics Corp. - Segment focus
SWOT
15.11 General Motors Co.
General Motors Co. - Overview
General Motors Co. - Business segments
General Motors Co. - Key news
General Motors Co. - Key offerings
General Motors Co. - Segment focus
SWOT
15.12 L3Harris Technologies Inc.
L3Harris Technologies Inc. - Overview
L3Harris Technologies Inc. - Business segments
L3Harris Technologies Inc. - Key news
L3Harris Technologies Inc. - Key offerings
L3Harris Technologies Inc. - Segment focus
SWOT
15.13 Lockheed Martin Corp.
Lockheed Martin Corp. - Overview
Lockheed Martin Corp. - Business segments
Lockheed Martin Corp. - Key news
Lockheed Martin Corp. - Key offerings
Lockheed Martin Corp. - Segment focus
SWOT
15.14 Milrem AS
Milrem AS - Overview
Milrem AS - Product / Service
Milrem AS - Key offerings
SWOT
15.15 Nikola Corp.
Nikola Corp. - Overview
Nikola Corp. - Product / Service
Nikola Corp. - Key news
Nikola Corp. - Key offerings
SWOT
15.16 Northrop Grumman Corp.
Northrop Grumman Corp. - Overview
Northrop Grumman Corp. - Business segments
Northrop Grumman Corp. - Key news
Northrop Grumman Corp. - Key offerings
Northrop Grumman Corp. - Segment focus
SWOT
15.17 Singapore Technologies Engineering Ltd.
Singapore Technologies Engineering Ltd. - Overview
Singapore Technologies Engineering Ltd. - Business segments
Singapore Technologies Engineering Ltd. - Key news
Singapore Technologies Engineering Ltd. - Key offerings
Singapore Technologies Engineering Ltd. - Segment focus
SWOT
15.18 The Boeing Co.
The Boeing Co. - Overview
The Boeing Co. - Business segments
The Boeing Co. - Key news
The Boeing Co. - Key offerings
The Boeing Co. - Segment focus
SWOT
16 Appendix
16.1 Scope of the report
16.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
16.3 Currency conversion rates for US$
Currency conversion rates for US$
16.4 Research methodology
Research methodology
16.5 Data procurement
Information sources
16.6 Data validation
Data validation
16.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
16.8 Data synthesis
Data synthesis
16.9 360 degree market analysis
360 degree market analysis
16.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Market Segmentation by Application
Exhibits 8: Executive Summary - Chart on Incremental Growth
Exhibits 9: Executive Summary - Data Table on Incremental Growth
Exhibits 10: Executive Summary - Chart on Company Market Positioning
Exhibits 11: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 12: Overview on criticality of inputs and factors of differentiation
Exhibits 13: Overview on factors of disruption
Exhibits 14: Impact of drivers and challenges in 2024 and 2029
Exhibits 15: Parent Market
Exhibits 16: Data Table on - Parent Market
Exhibits 17: Market characteristics analysis
Exhibits 18: Value chain analysis
Exhibits 19: Offerings of companies included in the market definition
Exhibits 20: Market segments
Exhibits 21: Chart on Global - Market size and forecast 2024-2029 ($ billion)
Exhibits 22: Data Table on Global - Market size and forecast 2024-2029 ($ billion)
Exhibits 23: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Historic Market Size - Data Table on Global Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market 2019 - 2023 ($ billion)
Exhibits 26: Historic Market Size - Product Segment 2019 - 2023 ($ billion)
Exhibits 27: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 28: Historic Market Size - Application Segment 2019 - 2023 ($ billion)
Exhibits 29: Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
Exhibits 30: Historic Market Size - Country Segment 2019 - 2023 ($ billion)
Exhibits 31: Five forces analysis - Comparison between 2024 and 2029
Exhibits 32: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 33: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 35: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 37: Chart on Market condition - Five forces 2024 and 2029
Exhibits 38: Chart on Product - Market share 2024-2029 (%)
Exhibits 39: Data Table on Product - Market share 2024-2029 (%)
Exhibits 40: Chart on Comparison by Product
Exhibits 41: Data Table on Comparison by Product
Exhibits 42: Chart on Manned military - Market size and forecast 2024-2029 ($ billion)
Exhibits 43: Data Table on Manned military - Market size and forecast 2024-2029 ($ billion)
Exhibits 44: Chart on Manned military - Year-over-year growth 2024-2029 (%)
Exhibits 45: Data Table on Manned military - Year-over-year growth 2024-2029 (%)
Exhibits 46: Chart on Unmanned military - Market size and forecast 2024-2029 ($ billion)
Exhibits 47: Data Table on Unmanned military - Market size and forecast 2024-2029 ($ billion)
Exhibits 48: Chart on Unmanned military - Year-over-year growth 2024-2029 (%)
Exhibits 49: Data Table on Unmanned military - Year-over-year growth 2024-2029 (%)
Exhibits 50: Market opportunity by Product ($ billion)
Exhibits 51: Data Table on Market opportunity by Product ($ billion)
Exhibits 52: Chart on Type - Market share 2024-2029 (%)
Exhibits 53: Data Table on Type - Market share 2024-2029 (%)
Exhibits 54: Chart on Comparison by Type
Exhibits 55: Data Table on Comparison by Type
Exhibits 56: Chart on AC charging - Market size and forecast 2024-2029 ($ billion)
Exhibits 57: Data Table on AC charging - Market size and forecast 2024-2029 ($ billion)
Exhibits 58: Chart on AC charging - Year-over-year growth 2024-2029 (%)
Exhibits 59: Data Table on AC charging - Year-over-year growth 2024-2029 (%)
Exhibits 60: Chart on DC charging - Market size and forecast 2024-2029 ($ billion)
Exhibits 61: Data Table on DC charging - Market size and forecast 2024-2029 ($ billion)
Exhibits 62: Chart on DC charging - Year-over-year growth 2024-2029 (%)
Exhibits 63: Data Table on DC charging - Year-over-year growth 2024-2029 (%)
Exhibits 64: Market opportunity by Type ($ billion)
Exhibits 65: Data Table on Market opportunity by Type ($ billion)
Exhibits 66: Chart on Application - Market share 2024-2029 (%)
Exhibits 67: Data Table on Application - Market share 2024-2029 (%)
Exhibits 68: Chart on Comparison by Application
Exhibits 69: Data Table on Comparison by Application
Exhibits 70: Chart on Combat vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 71: Data Table on Combat vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 72: Chart on Combat vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Combat vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 74: Chart on Support vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 75: Data Table on Support vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 76: Chart on Support vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 77: Data Table on Support vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 78: Chart on Unmanned vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 79: Data Table on Unmanned vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 80: Chart on Unmanned vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 81: Data Table on Unmanned vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 82: Market opportunity by Application ($ billion)
Exhibits 83: Data Table on Market opportunity by Application ($ billion)
Exhibits 84: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 85: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 86: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 87: Chart on Geographic comparison
Exhibits 88: Data Table on Geographic comparison
Exhibits 89: Chart on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 90: Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 91: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 92: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 93: Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 94: Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 95: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 98: Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 99: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 102: Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 103: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 106: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 107: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 110: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 111: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 114: Data Table on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 115: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 118: Data Table on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 119: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on Canada - Market size and forecast 2024-2029 ($ billion)
Exhibits 122: Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
Exhibits 123: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Germany - Market size and forecast 2024-2029 ($ billion)
Exhibits 126: Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
Exhibits 127: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on Japan - Market size and forecast 2024-2029 ($ billion)
Exhibits 130: Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
Exhibits 131: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on France - Market size and forecast 2024-2029 ($ billion)
Exhibits 134: Data Table on France - Market size and forecast 2024-2029 ($ billion)
Exhibits 135: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Exhibits 138: Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Exhibits 139: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 142: Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 143: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on Australia - Market size and forecast 2024-2029 ($ billion)
Exhibits 146: Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
Exhibits 147: Chart on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 149: Market opportunity By Geographical Landscape ($ billion)
Exhibits 150: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 151: Impact of drivers and challenges in 2024 and 2029
Exhibits 152: Overview on criticality of inputs and factors of differentiation
Exhibits 153: Overview on factors of disruption
Exhibits 154: Impact of key risks on business
Exhibits 155: Companies covered
Exhibits 156: Company ranking index
Exhibits 157: Matrix on companies position and classification
Exhibits 158: AeroVironment Inc. - Overview
Exhibits 159: AeroVironment Inc. - Business segments
Exhibits 160: AeroVironment Inc. - Key news
Exhibits 161: AeroVironment Inc. - Key offerings
Exhibits 162: AeroVironment Inc. - Segment focus
Exhibits 163: SWOT
Exhibits 164: Alke s.r.l. - Overview
Exhibits 165: Alke s.r.l. - Product / Service
Exhibits 166: Alke s.r.l. - Key offerings
Exhibits 167: SWOT
Exhibits 168: BAE Systems Plc - Overview
Exhibits 169: BAE Systems Plc - Business segments
Exhibits 170: BAE Systems Plc - Key news
Exhibits 171: BAE Systems Plc - Key offerings
Exhibits 172: BAE Systems Plc - Segment focus
Exhibits 173: SWOT
Exhibits 174: Elbit Systems Ltd. - Overview
Exhibits 175: Elbit Systems Ltd. - Product / Service
Exhibits 176: Elbit Systems Ltd. - Key news
Exhibits 177: Elbit Systems Ltd. - Key offerings
Exhibits 178: SWOT
Exhibits 179: Ford Motor Co. - Overview
Exhibits 180: Ford Motor Co. - Business segments
Exhibits 181: Ford Motor Co. - Key offerings
Exhibits 182: Ford Motor Co. - Segment focus
Exhibits 183: SWOT
Exhibits 184: General Atomics - Overview
Exhibits 185: General Atomics - Product / Service
Exhibits 186: General Atomics - Key offerings
Exhibits 187: SWOT
Exhibits 188: General Dynamics Corp. - Overview
Exhibits 189: General Dynamics Corp. - Business segments
Exhibits 190: General Dynamics Corp. - Key news
Exhibits 191: General Dynamics Corp. - Key offerings
Exhibits 192: General Dynamics Corp. - Segment focus
Exhibits 193: SWOT
Exhibits 194: General Motors Co. - Overview
Exhibits 195: General Motors Co. - Business segments
Exhibits 196: General Motors Co. - Key news
Exhibits 197: General Motors Co. - Key offerings
Exhibits 198: General Motors Co. - Segment focus
Exhibits 199: SWOT
Exhibits 200: L3Harris Technologies Inc. - Overview
Exhibits 201: L3Harris Technologies Inc. - Business segments
Exhibits 202: L3Harris Technologies Inc. - Key news
Exhibits 203: L3Harris Technologies Inc. - Key offerings
Exhibits 204: L3Harris Technologies Inc. - Segment focus
Exhibits 205: SWOT
Exhibits 206: Lockheed Martin Corp. - Overview
Exhibits 207: Lockheed Martin Corp. - Business segments
Exhibits 208: Lockheed Martin Corp. - Key news

Executive Summary

The following companies are recognized as the key players in the global military hybrid electric vehicle (HEV) and electric vehicle (EV) market: AeroVironment Inc., Alke s.r.l., BAE Systems Plc, Elbit Systems Ltd., Ford Motor Co., General Atomics, General Dynamics Corp., General Motors Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Logos Technologies LLC, Milrem AS, Nikola Corp., Northrop Grumman Corp., Oshkosh Corp., QinetiQ Ltd., Singapore Technologies Engineering Ltd., The Boeing Co., and Zero Motorcycles Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is advancements in battery technology in evs and hevs."

According to the report, one of the major drivers for this market is the push toward adoption of green (eco-friendly) vehicles.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AeroVironment Inc.
  • Alke s.r.l.
  • BAE Systems Plc
  • Elbit Systems Ltd.
  • Ford Motor Co.
  • General Atomics
  • General Dynamics Corp.
  • General Motors Co.
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • Logos Technologies LLC
  • Milrem AS
  • Nikola Corp.
  • Northrop Grumman Corp.
  • Oshkosh Corp.
  • QinetiQ Ltd.
  • Singapore Technologies Engineering Ltd.
  • The Boeing Co.
  • Zero Motorcycles Inc.