According to Stratistics MRC, the Global Military Vehicle Electrification Market is accounted for $9.27 billion in 2022 and is expected to reach $49.24 billion by 2028 growing at a CAGR of 32.1% during the forecast period.
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A tactical vehicle with hybrid-electric capabilities and in-hub electric propulsion is the military vehicle electrification. Considering the current situation and the countries lowering their defense budgets, it might be a barrier to the expansion of this technology, but military vehicle electrification R&D is continually expanding. The import and export laws have caused operational and running issues for the manufacturing operation.
Some of the key players in Military Vehicle Electrification market include Aselsan A.S , UKroboronprom, Textron Inc., Milrem Robotics, Leonardo SPA, Nextar Systems, Krauss-MaffeiWegmann GmbH & Co. KG, Highland Systems, General Motors, Epsilor-Electric Fuel Ltd., Qinetiq, BAE Systems PLC, Polaris Inc, Arquus, Oshkosh Corporation, Nikola Corporation, General Dynamics, AM General and Ballard Power Systems Inc.
Platforms Covered:
• Combat Vehicles
• Combat Support Vehicles
• Unmanned Armored Vehicles
Systems Covered:
• Cooling Systems
• Energy Storage Systems
• Power Conversion
• Power Generation
• Traction Drive Systems
• Transmission System
• Other Systems
Mode of Operations Covered:
• Autonomous/Semi-Autonomous
• Manned
Technologies Covered:
• Hybrid Electric Vehicles
• Fully Electric Vehicles
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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