Market Research

Ground Military Vehicle Electrification Market

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 152 Pages Global Market Insights November, 2024 GMI19407253
Best Price Guarantee
Price from $4,850
Length 152 Pages
Publisher Global Market Insights
Published Date November, 2024
SKU GMI19407253

Ground Military Vehicle Electrification Market


Ground Military Vehicle Electrification Market size was valued at USD 4.7 billion in 2023 and is anticipated to register a CAGR of over 26.7% between 2024 and 2032, led by increasing partnerships and collaborations.

Companies and defense agencies are collaborating to develop and implement advanced electric and hybrid propulsion systems tailored for military applications. These joint efforts not only enhance the efficiency, range, and performance of military vehicles but also diminish their dependence on conventional fuels. This drive towards sustainable and advanced technological solutions is spurring innovations in battery technology, power management systems, and vehicle integration. For example, in May 2024, Solus Power and QinetiQ inked an MOU for propelling the advancement of electrified military vehicles. This collaboration is not only refining EV charging solutions but also paving the way for the next generation of electric military vehicles.

The overall market is segregated into platform, system, technology, mode of operation, voltage type, and region.

Based on platform, the military vehicle electrification market share from the unmanned armored vehicles segment is estimated to rise at a significant rate from 2024 to 2032. This surge is attributed to the enhanced operational efficiency and safety of these vehicles. By integrating electric propulsion systems into these unmanned platforms, organizations aim to boost energy efficiency, lessen logistical support demands, and extend operational range. The transition to electric-powered unmanned vehicles not only offers a quieter and more reliable operation but also champions environmentally friendly military solutions.

Military vehicle electrification industry value from the fully electric technology segment is anticipated to expand at a substantial CAGR through 2032. The expansion is due to the shift towards fully electric technologies in battery technology for energy management, and vehicle design for delivering more efficient and reliable military solutions. Subsequently, advancements are supporting the creation of fully electric platforms capable of meeting demanding operational requirements while minimizing environmental impacts.

Europe military vehicle electrification market size is projected to depict robust growth between 2024 and 2032, driven by significant government and defense investments. Agencies are channeling considerable funds into the research, development, and deployment of electric propulsion systems for military use. These investments are poised to catalyze advancements in battery technology, power management, and vehicle integration, ultimately leading to more efficient and sustainable military solutions across the region.


Chapter 1 Research Methodology and Scope
1.1 Scope and definition
1.1.1 Scope
1.1.2 Definitions
1.2 Research design
1.2.1 Data collection techniques
1.2.2 Market size estimation
1.2.3 Forecasting model
1.3 Data sources
1.3.1 Secondary
1.3.1.1 Paid sources
1.3.1.2 Public sources
1.3.2.1 Primary
Chapter 2 Executive Summary
2.1 Ground military vehicle electrification market, 2023-2032
2.2 Business trends
2.3 Regional trends
2.4 Platform trends
2.5 System trends
2.6 Technology trends
2.7 Mode of operation trends
2.8 Voltage type trends
Chapter 3 Ground Military Vehicle Electrification Industry Insights
3.1 Ground military vehicle electrification industry ecosystem analysis
3.1.1 Raw material suppliers
3.1.2 Component manufacturers
3.1.3 System integrators
3.1.4 Vehicle manufacturers
3.1.5 Technology providers
3.1.6 End-user
3.1.7 Vendor matrix
3.1.8 Profit margin analysis
3.2 Technology and innovation landscape
3.2.1 Advancements in battery technology and energy storage solutions
3.2.2 Integration of autonomous technologies
3.3 Patent analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.5.1 International standards
3.5.1.1 IEC 61508
3.5.1.2 IEEE 2700-2017 - IEEE Standard for Sensor Performance 3.5.2 North America
3.5.2.1 DOD Directive
5000.01
3.5.2.2 Federal Motor Vehicle Safety Standards (FMVSS)
3.5.2.3 Military Vehicle Fleet Electrification Act
3.5.3 Europe
3.5.3.1 Regulation (EU) 2019/631
3.5.3.2 EU REACH
3.5.4 Asia Pacific
3.5.4.1 Japan Electronics and Information Technology Industries Association (JEITA)
3.5.4.2 KC Certification, South Korea
3.5.4.3 CCC certification
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Technological advancements in battery technology
3.6.1.2 Rising fuel efficiency and cost savings
3.6.1.3 Enhanced operational capabilities
3.6.1.4 Government policies and environmental regulations
3.6.1.5 Strategic advantages and energy independence
3.6.2 Pitfalls & challenges
3.6.2.1 High initial costs and investment requirements
3.6.2.2 Limited range and charging infrastructure
3.7 Growth potential analysis, 2023
3.8 Porter's analysis
3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of the key market players
4.3.1 BAE Systems
4.3.2 Rheinmetall AG
4.3.3 General Dynamics Corporation
4.3.4 Oshkosh Corporation
4.3.5 GM Defense LLC
4.3.6 Leonardo S.p.A.
4.3.7 Textron Inc
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix
Chapter 5 Ground Military Vehicle Electrification Market, By Platform
5.1 Ground military vehicle electrification market share, by platform, 2023 & 2032
5.2 Combat vehicles
5.3 Support vehicles
5.4 Unmanned armoured vehicles
Chapter 6 Ground Military Vehicle Electrification Market, By System
6.1 Ground military vehicle electrification market share, by system, 2023 & 2032
6.2 Power generation
6.3 Cooling systems
6.4 Energy storage
6.5 Traction drive systems/propulsion systems
6.6 Power conversion
6.7 Transmission system
Chapter 7 Ground Military Vehicle Electrification Market, By Technology
7.1 Ground military vehicle electrification market share, by technology, 2023 & 2032
7.2 Hybrid
7.3 Fully electric
Chapter 8 Ground Military Vehicle Electrification Market, By Mode of Operation
8.1 Ground military vehicle electrification market share, by mode of operation, 2023 & 2032
8.2 Manned
8.3 Autonomous/semi-autonomous
Chapter 9 Ground Military Vehicle Electrification Market, By Voltage Type
9.1 Ground military vehicle electrification market share, by voltage type, 2023 & 2032
9.2 Low voltage (less than 50 V)
9.3 Medium voltage (less than 50 -600 V)
9.4 High voltage (more than 600 V)
Chapter 10 Ground Military Vehicle Electrification Market, By Region
10.1 Ground military vehicle electrification market share, by region, 2023 & 2032
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Latin America
10.6 MEA
Chapter 11 Company Profiles
11.1 Allison Transmission
11.1.1 Business overview
11.1.2 Financial data
11.1.3 Product landscape
11.1.4 Strategic outlook
11.1.5 SWOT analysis
11.2 AM General
11.2.1 Business overview
11.2.2 Financial data
11.2.3 Product landscape
11.2.4 SWOT analysis
11.3 Arquus Defence
11.3.1 Business overview
11.3.2 Financial data
11.3.3 Product landscape
11.3.4 Strategic outlook
11.3.5 SWOT analysis
11.4 BAE Systems
11.4.1 Business overview
11.4.2 Financial data
11.4.3 Product Landscape
11.4.4 SWOT Analysis
11.5 Collins Aerospace
11.5.1 Business overview
11.5.2 Financial data
11.5.3 Product landscape
11.5.4 SWOT analysis
11.6 FNSS
11.6.1 Business overview
11.6.2 Financial data
11.6.3 Product landscape
11.6.4 Strategic outlook
11.6.5 SWOT analysis
11.7 Gallay Ltd
11.7.1 Business Overview
11.7.2 Financial data
11.7.3 Product Landscape
11.7.4 SWOT analysis
11.8 General Dynamics Corporation
11.8.1 Business overview
11.8.2 Financial data
11.8.3 Product landscape
11.8.4 SWOT analysis
11.9 GM Defense LLC
11.9.1 Business Overview
11.9.2 Financial Data
11.9.3 Product Landscape
11.9.4 Strategic Outlook
11.9.5 SWOT Analysis
11.10 Highland Systems
11.10.1 Business overview
11.10.2 Financial data
11.10.3 Product landscape
11.10.4 SWOT analysis
11.11 Leonardo S.p.A
11.11.1 Business overview
11.11.2 Financial data
11.11.3 Product landscape
11.11.4 SWOT Analysis
11.12 Milrem Robotics
11.12.1 Business overview
11.12.2 Financial data
11.12.3 Product landscape
11.12.4 Strategic outlook
11.12.5 SWOT analysis
11.13 Nexter (KNDS)
11.13.1 Business overview
11.13.2 Financial data
11.13.3 Product landscape
11.13.4 SWOT analysis
11.14 Oshkosh Corporation
11.14.1 Business Overview
11.14.2 Financial Data
11.14.3 Product Landscape
11.14.4 Strategic Outlook
11.14.5 SWOT Analysis
11.15 Otokar Otomotiv ve Savunma Sanayi AS
11.15.1 Business overview
11.15.2 Financial data
11.15.3 Product landscape
11.15.4 Strategic outlook
11.15.5 SWOT Analysis
11.16 Polaris Inc.
11.16.1 Business overview
11.16.2 Financial data
11.16.3 Product landscape
11.16.4 Strategic outlook
11.16.5 SWOT Analysis
11.17 QinetiQ
11.17.1 Business Overview
11.17.2 Financial Data
11.17.3 Product Landscape
11.17.4 Strategic Outlook
11.17.5 SWOT Analysis
11.18 Rheinmetall AG
11.18.1 Business Overview
11.18.2 Financial Data
11.18.3 Product Landscape
11.18.4 Strategic Outlook
11.18.5 SWOT Analysis
11.19 ST Engineering
11.19.1 Business Overview
11.19.2 Financial Data
11.19.3 Product Landscape
11.19.4 Strategic Outlook
11.19.5 SWOT Analysis
11.20 Textron Inc.
11.20.1 Business Overview
11.20.2 Financial Data
11.20.3 Product Landscape
11.20.4 Strategic Outlook
11.20.5 SWOT Analysis
11.21 Thales Group
11.21.1 Business overview
11.21.2 Financial data
11.21.3 Product Landscape
11.21.4 Strategic Outlook
11.21.5 SWOT Analysis

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