1. Market Research
  2. > Aerospace and Defense
  3. > Defense
  4. > Military Vehicle Market Trends
Military Vehicle Electrification Market by Technology, by System by Platform, by Operation and by Region - Forecast to 2030

Military Vehicle Electrification Market by Technology, by System by Platform, by Operation and by Region - Forecast to 2030

  • June 2021
  • 240 pages
  • ID: 6095520
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

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 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 Sytsems (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 armored 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 defense 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 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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Armored Vehicles Market by Platform, Mobility, System, Region - Global Forecast to 2025

  • $ 4950
  • July 2020
  • 312 pages

The requirement for effective and successful defense operations is the key factor influencing the growth of the armored vehicles market across the globe. The global armored vehicles market size is projected ...

  • APAC
  • Europe
  • Military Vehicle
  • Industry analysis
  • Defense Expenditure
  • Fuel Demand

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on