Global Military Vehicle Electrification Market (2020 to 2030)

2021-07-22

Dublin, July 22, 2021 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering. 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 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). Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights4.1 Attractive Opportunities in the Military Vehicle Electrification Market, 2020-20254.2 Military Vehicle Electrification Market, by Platform4.3 Military Vehicle Electrification Market, by Combat Vehicles Platform4.4 Military Vehicle Electrification Market, by Support Vehicles Platform4.5 Military Vehicle Electrification Market, by System4.6 Military Vehicle Electrification Market, by Country 5 Market Overview5.1 Introduction5.1.1 Drivers5.1.1.1 Rising Requirement for Electric Power Sources5.1.1.2 Increasing Oil Prices and Emission Regulations5.1.1.3 Increasing Demand for Lithium-Ion Batteries for Military Vehicles5.1.1.4 Rising Demand for Autonomous Military Vehicles5.1.1.5 Increasing Budget Allocations for Hybrid Electric Vehicles5.1.1.6 Evolution of Advanced Hybrid Propulsion Systems5.1.2 Restraints5.1.2.1 Enhancements in Power-To-Weight Ratio5.1.2.2 Limited Range of Military Electric Vehicles5.1.2.3 High Cost of Fuel Cell Electric Vehicles5.1.3 Opportunities5.1.3.1 Demand for Power Resources5.1.3.2 Development of Hydrogen Fuel Cell-Powered Military Vehicles5.1.3.3 Development of Advanced Power Electronic Components5.1.4 Challenges5.1.4.1 Life and Durability of Integrated Systems5.1.4.2 Range and Charging Limits5.2 Impact of COVID-19 on the Military Vehicle Electrification Market5.2.1 Demand-Side Impacts5.2.1.1 Key Developments from January 2020 to March 20215.2.2 Supply-Side Impact5.2.2.1 Key Developments from January 2020 to March 20215.3 Ranges and Scenarios5.4 Trends/Business Impacting Customer Business5.5 Trends in Average Selling Prices5.6 Military Vehicle Electrification Market Ecosystem5.7 Value Chain Analysis5.8 Porter's Five Forces Analysis5.9 Tariff and Regulatory Landscape5.10 Trade Analysis 6 Industry Trends6.1 Introduction6.2 Technology Trends6.2.1 Battery Sources and Types6.2.1.1 Lithium-Ion Batteries6.2.1.2 Lead Acid Batteries6.2.1.3 Nickel-Metal Hydride Batteries6.2.1.4 Solid-State Batteries6.2.2 Hydrogen Fuel Cells6.2.3 Potential of Hybrid Technology6.2.4 Advanced Integrated Communication and Network Systems6.2.5 Energy Sourcing and Power Management Systems6.2.6 Adoption of Smart Sensors for Military Applications6.3 Technological Analysis6.3.1 Additive Manufacturing - High Power Density Machine6.3.2 Integration of Advanced Weapon Systems6.4 Use Case Analysis: Military Vehicle Electrification Market6.4.1 Paris Agreement Under the United Nations Framework Convention on Climate Change6.4.2 Hydrogen: a Future Fuel6.4.3 Unmanned Systems: a Step Towards Electrification6.4.4 Hybrid Diesel-Electric Systems6.5 Impact of Megatrends6.5.1 Autonomous Vehicles in the Military Sector6.5.2 Policies Supporting the Battery and Hydrogen Technologies6.6 Innovations and Patent Registrations 7 Military Vehicle Electrification Market, by Platform7.1 Introduction7.2 Combat Vehicles7.2.1 Main Battle Tanks7.2.1.1 Increasing Demand for Mbts in Cross-Country Operations7.2.2 Infantry Fighting Vehicles7.2.2.1 Procurement of IFVs by Emerging Countries Leading to Increasing Demand7.2.3 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 Operations7.2.4 Amphibious Vehicles (Aav)7.2.4.1 Increasing Demand for Troop Carriers on Battlefields from Sea to Land7.2.5 Mine-Resistant Ambush Protected (MRAP)7.2.5.1 Use of Mraps for the Protection of Troops from IEDs and Mines7.2.6 Light Armored Vehicles (Lavs)7.2.6.1 Increasing Use of Lavs for Border Patrolling and Surveillance Activities7.2.7 Self-Propelled Howitzers (Sphs)7.2.7.1 Increasing Demand for Self-Propelled Howitzers (Sphs) on Battlefields7.2.8 Mortar Carriers7.2.8.1 Demand for Military Vehicles with Mortars and Having Dedicated Compartments for Mortar Storage7.2.9 Air Defense Vehicles7.2.9.1 Adoption of Vehicle Mounted Anti-Aircraft Guns for Air Defense Roles7.3 Support Vehicles7.3.1 Supply Trucks7.3.1.1 Fuel Trucks7.3.1.1.1 Increasing Use of Fuel Trucks for Supplying and Transporting Gas, Diesel, or Jet Fuels to Forward Arming and Refueling Points7.3.1.2 Ambulances7.3.1.3 Ammunition Replenishment Vehicles7.3.2 Command and Control Vehicles7.3.3 Repair and Recovery Vehicles7.3.4 Others7.4 Unmanned Armored Vehicles7.4.1 Increasing Activities in Research & Development for Applications of Unmanned Armored Vehicles on Battlefields 8 Military Vehicle Electrification Market, by Operation8.1 Introduction8.2 Manned Vehicles8.2.1 Investments by the US, UK, China, and Countries in the Middle East Drive the Market8.3 Autonomous/Semi-Autonomous Vehicles8.3.1 Development of Ugvs for Combat Support Expected to Drive Market 9 Military Vehicle Electrification Market, by System9.1 Introduction9.2 Power Generation9.2.1 Increasing Demand in the Military Vehicles for Power Generating Sources9.2.2 Engine/Generator9.2.2.1 Hybrid Engine/Generator9.2.2.1.1 Demand for Robust and Durable Power Generation Sources for Military Vehicles9.2.2.2 Turbine Engines/Generators9.2.2.2.1 Modernization and Procurement of Military Vehicles is Increasing the Demand for Turbine Engines/Generators9.2.3 Generator Controller9.2.4 Air Induction System9.2.5 Traction Motors/Propulsion Motors9.3 Cooling Systems9.3.1 Need of Cooling Systems Towards the Maintenance of Engine Operation9.3.2 Heat Exchangers9.3.3 Fans9.4 Energy Storage9.4.1 Requirement of Battery Systems for Uninterrupted Power Supply the Vehicle9.4.2 Batteries9.4.2.1 Increasing Demand of Lithium-Ion Batteries for Integrating as the Power Source for Military Vehicles9.4.2.2 Lead Acid9.4.2.3 Nickel Metal Hydride9.4.2.4 Lithium-Ion9.4.2.5 Solid-State Batteries9.4.3 Fuel Cells9.5 Traction Drive Systems9.5.1 Requirement of Traction Drive Systems to Increase the Propulsion of the Vehicle9.5.2 Ex Drive9.5.3 Traction Controller9.5.4 Final Drive9.6 Power Conversion9.6.1 Increasing Demand for Power Conversion Solutions for the Onboard Vehicle Management Systems9.6.2 Dc-Dc Convertor9.6.3 Power Inverter9.6.4 Onboard Charger (Alternator) 10 Military Vehicle Electrification Market, by Technology10.1 Introduction10.2 Hybrid Electric Vehicles10.2.1 Need for Hybrid Electric Vehicles in Increasing the Efficiency is Expected to Drive Market10.3 Fully Electric Vehicles10.3.1 Adoption of Fully Electric Vehicle for Non-Combat Utility Purpose is Driving the Growth of the Market 11 Military Vehicle Electrification Market, Regional Analysis 12 Competitive Landscape 13 Company Profiles13.1 Key Players13.1.1 BAE Systems13.1.2 General Dynamics13.1.3 Leonardo Spa13.1.4 Textron Inc.13.1.5 General Motors13.1.6 Oshkosh Corporation13.1.7 Nikola Motor Company13.1.8 Otokar Otomotive VE Savunma Sanayi13.1.9 Qinetiq Group plc13.1.10 Krauss-Maffei Wegmann13.1.11 Flensberg Fahrzeugbau Gesellschaft Gmbh13.1.12 ArquUS13.1.13 Epsilor Electric Fuel Ltd13.1.14 Nexter Group13.1.15 UKroboronprom13.1.16 Polaris Industries Inc13.1.17 St Engineering13.1.18 Ballard Power Systems13.1.19 Aselsan A.S.13.1.20 Tesla Inc.13.2 Other Key Players13.2.1 Milrem Robotics13.2.2 AM General13.2.3 Highland Systems13.2.4 Alke13.2.5 Mega Engineering Vehicles Inc. 14 Appendix For more information about this report visit

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