Please Wait.....
Report
Military Vehicle Electrification Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-07-29 I 230 Pages I Global Market Insights
Military Vehicle Electrification Market size is projected to expand at over 26.7% CAGR from 2024 to 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.
Report Content
Chapter 1 Scope and Methodology
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.8 Growth drivers
3.8.1 Technological advancements in battery technology
3.8.2 Rising fuel efficiency and cost savings
3.8.3 Enhanced operational capabilities
3.8.4 Government policies and environmental regulations
3.8.5 Strategic advantages and energy independence
3.9 Industry pitfalls and challenges
3.9.1 High initial costs and investment requirements
3.9.2 Limited range and charging infrastructure
3.10 Growth potential analysis
3.11 Porter's analysis
3.11.1 Supplier power
3.11.2 Buyer power
3.11.3 Threat of new entrants
3.11.4 Threat of substitutes
3.11.5 Industry rivalry
3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Platform, 2021 - 2032 (USD Million)
5.1 Key trends
5.2 Combat vehicles
5.3 Support vehicles
5.4 Unmanned armored vehicles
Chapter 6 Market Estimates and Forecast, By System, 2021 - 2032 (USD Million)
6.1 Key trends
6.2 Power generation
6.3 Cooling systems
6.4 Energy storage
6.5 Traction drive systems/pro
6.6 Power conversion
6.7 Transmission system
Chapter 7 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million)
7.1 Key trends
7.2 Hybrid
7.3 Fully electric
Chapter 8 Market Estimates and Forecast, By Mode of Operation, 2021 - 2032 (USD Million)
8.1 Key trends
8.2 Manned
8.3 Autonomus /semi-autonomous
Chapter 9 Market Estimates and Forecast, By Voltage Type, 2021 - 2032 (USD Million)
9.1 Key trends
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 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 MEA
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 Rest of MEA
Chapter 11 Company Profiles
11.1 AM General
11.2 Arquus Defence
11.3 Aselsan AS
11.4 BAE Systems
11.5 Elbit Systems Ltd.
11.6 FNSS
11.7 General Dynamics Corporation
11.8 GM Defense LLC
11.9 Highland Systems
11.10 Krauss-Maffei Wegmann
11.11 Leonardo S.p.A.
11.12 Lockheed Martin Corporation
11.13 Milrem Robotics
11.14 Nexter Group
11.15 Northrop Grumman Corporation
11.16 Oshkosh Corporation
11.17 Otokar Otomotiv ve Savunma Sanayi AS
11.18 Polaris Inc.
11.19 Qinetiq
11.20 Raytheon Technologies Corporation
11.21 Rheinmetall AG
11.22 ST Engineering
11.23 Textron Inc.
11.24 Thales Group
11.25 Ukroboronprom
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security