Press release
Global Military Vehicle Electrification Material Market Size, Industry Share, Forecast 2032 | BAE Systems, ARQUUS, Leonardo SpA, Textron Inc., General Motors
Military Vehicle Electrification Material Market
As per the Military Vehicle Electrification market report by The Business Research Company, The increase in 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 size grew from $4.99 billion in 2022 to $5.87 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The military vehicle electrification market size is expected to grow to $10.94 billion in 2027 at a CAGR of 16.8%.
Read More On The Military Vehicle Electrification Market Report Here:
https://www.thebusinessresearchcompany.com/report/military-vehicle-electrification-global-market-report
Major competitors in the Military Vehicle Electrification Market Include 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 Military Vehicle Electrification Market Is Segmented -
• By Technology: Hybrid, Fully Electric
• By Operation: Manned, Autonomous/Semi-Autonomous
• By Platform: Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles
• By System: Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion. North America was the largest region in the military vehicle electrification market in 2022.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=7431&type=smp
The military vehicle electrification are used for electrifying the military vehicles by replacing traditionally used fossil fuels with electricity to power light-duty vehicles, medium-and heavy-duty trucks, and others. The primary goal of military vehicle electrification is to reduce the emission of greenhouse gases.
The main types of military vehicle electrification technologies are hybrid and fully electric. The hybrid military vehicle refers to a vehicle that can work with fuel and battery.
The Table Of Content For The Military Vehicle Electrification Market 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
The "Global Military Vehicle Electrification Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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