Press release
2022 Military Vehicle Electrification Market Size, Share, Growth, Industry Trends and Forecast To 2031 | BAE Systems, ARQUUS , Leonardo SpA, Textron Inc, General Motors
Military Vehicle Electrification Market
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The increasing demand for lithium-ion batteries for military vehicles is expected to propel the growth of the military vehicle electrification market. Over the years, lithium-ion batteries have been widely used in military applications such as tactical radios, thermal imagers, ECM, ESM, and portable computing. The usage of lithium batteries is expected to further expand to heavy-duty platforms, such as military vehicles, boats, shelter applications, aircraft, and missiles in coming years.
The global military vehicle electrification market is expected to grow from $4.27 billion in 2021 to $4.80 billion in 2022 at a compound annual growth rate (CAGR) of 12.30%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many every markets across the globe. The military vehicle electrification market is expected to reach $8.29 billion in 2026 at a CAGR of 14.66%.
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North America as the largest region in the military vehicle electrification market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in military vehicle electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the military vehicle electrification market are BAE Systems, ARQUUS , Leonardo SpA, Textron Inc, General Motors, Oshkosh Corporation, Nikola Corporation, Otokar Otomotive, QinetiQ, Polaris Inc, Epsilor-Electric Fuel Ltd, Nexter Group, ST Engineering, Tesla Inc, ASELSAN AS, AM General, and Highland Systems.
The global military vehicle electrification market is segmented -
1) By Technology: Hybrid, Fully Electric
2) By Operation: Manned, Autonomous/Semi-Autonomous
3) By Platform: Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles
4) By System: Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion
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The Military Vehicle Electrification Market Report Contents Include
1. Executive Summary
2. Military Vehicle Electrification Market Characteristics
3. Military Vehicle Electrification Market Trends And Strategies
4. Military Vehicle Electrification Market - Macro Economic Scenario
5. Military Vehicle Electrification Market Size And Growth
....
26. Africa Military Vehicle Electrification Market
27. Military Vehicle Electrification Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Vehicle Electrification Market
29. Military Vehicle Electrification Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Military Vehicle Electrification market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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