Press release
Military Vehicle Electrification Market worth $6.82 Billion by 2030, at a CAGR of 14.5%
Military Vehicle Electrification Market
The report "Military Vehicle Electrification Market [https://www.marketsandmarkets.com/Market-Reports/military-vehicle-electrification-market-55451533.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=MilitaryVehicleElectrificationmarket] by Platform (Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles), System, Technology (Hybrid, Fully Electric), Mode of operation, Voltage Type and Region - Global Forecast to 2030" The military vehicle electrification market is estimated at USD 3.47 billion in 2025 and is projected to reach USD 6.82 billion by 2030 at a CAGR of 14.5% from 2025 to 2030. Military vehicle electrification represents the emerging space in the defense industry that involves the integration of electric and hybrid propulsion technologies into military vehicles. This revolutionary concept aims to supplant or substitute conventional internal combustion engines with highly sophisticated electric drivetrains on various platforms, from armored vehicles and transport trucks to support trucks. The goal is to improve efficiency in operation, minimize the use of fossil fuels, and reduce the environmental costs of conventional military vehicles. The market involves the innovation, production, and integration of electric drivetrains, energy storage systems, and related technologies that fit the specific needs of military operations.
Download PDF Brochure @ [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55451533&utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=MilitaryVehicleElectrificationmarket]
Browse 240 market data Tables and 71 Figures spread through 272 Pages and in-depth TOC on "Military Vehicle Electrification Market"
View detailed Table of Content here - [https://www.marketsandmarkets.com/Market-Reports/military-vehicle-electrification-market-55451533.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=MilitaryVehicleElectrificationmarket]
Image: https://www.marketsandmarkets.com/Images/military-vehicle-electrification-market1.webp [https://www.marketsandmarkets.com/Market-Reports/military-vehicle-electrification-market-55451533.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=MilitaryVehicleElectrificationmarket]
The hybrid segment is likely to account for a larger market share than the fully electric segment of the military vehicle electrification market by technology. Hybrid vehicles combine conventional diesel engines with electric motors to provide dual-mode propulsion that improves fuel efficiency, stealth, and power availability without affecting the operational range. The eJLTV of the US Army is developed by Oshkosh Defense, and it offers up to 20% fuel savings, silent drive capabilities, and 115 kW of exportable power, maintaining the protection and mobility of the base JLTV simultaneously.
Based on system, the power conversion segment is projected to lead the [https://www.marketsandmarkets.com/PressReleases/military-vehicle-electrification.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=MilitaryVehicleElectrificationmarket] due to maximum energy efficiency and improved performance while in operation. Military vehicle operation demands smooth integration of diverse power sources, from conventional fuel-based to innovative electric propulsion sources. Power conversion equipment is a key component in controlling and distributing power between these sources with optimal efficiency and maximizing performance and mission success. As defense forces increasingly prioritize sustainability, value for money, and lower environmental footprints, there is a growing demand for high-end power conversion technology.
North America is expected to lead the market during the forecast period, owing to rising investments and rapid developments to modernize existing and new military vehicles and the technologies integrated by countries, including the US and Canada, in this region. The presence of key market players, such as General Dynamics (US), Oshkosh Corporation (US), Textron Inc. (US), and General Motors (US), is also expected to contribute to regional market growth in the next five years.
Key Players
Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), Leonardo S.p.A. (Italy), Textron Inc. (US), ST Engineering (Singapore), Qinetiq (UK), Polaris Inc. (US), ASELSAN AS (Turkey), Otokar (Turkey), and Krauss-Maffei Wegmann (Germany) are some of the leading players in the [https://www.marketsandmarkets.com/ResearchInsight/military-vehicle-electrification-market.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=MilitaryVehicleElectrificationmarket]. These market players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
About MarketsandMarkets Trademark
MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets Trademark .com [https://www.marketsandmarkets.com/]or follow us on Twitter [https://twitter.com/marketsmarkets], LinkedIn [https://www.linkedin.com/company/marketsandmarkets/about/]and Facebook [https://www.facebook.com/MarketsandMarkets].
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=military-vehicle-electrification-market-worth-682-billion-by-2030-at-a-cagr-of-145]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Delray Beach
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/military-vehicle-electrification-market-55451533.html
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Military Vehicle Electrification Market worth $6.82 Billion by 2030, at a CAGR of 14.5% here
News-ID: 4024287 • Views: …
More Releases from ABNewswire
Belitsoft Reviews Python Software Development Outsourcing Trends for 2026
The Belitsoft [https://belitsoft.com/] custom software development company reports that the market for developers has changed significantly as a result of the 2025 tech layoffs. Due to a rush into automation and artificial intelligence, more than 200 companies globally lost over 112,000 tech jobs. As AI automates tasks that were previously completed by humans, industry leaders have openly stated that they are eliminating jobs. There was a shortage of skilled workers…
Publuu Empowers Businesses to Embrace Interactive Publishing as Digital Content …
As companies, educators, and creative professionals continue to shift from static documents to interactive digital formats, new online tools are emerging to streamline how visual content is produced, shared, and consumed. One example is an online flipbook maker [https://publuu.com/flipbook-maker/] that allows users to convert standard PDF files into dynamic, page-turning publications designed for modern audiences.
The growing demand for accessible, mobile-friendly content has encouraged businesses to adopt formats that improve engagement…
The Rise of Manhwa in the Spanish-Speaking World: Why Readers Are Turning to Kor …
The Korean comics or novels are known as manhwa. Manhwa has vertical scrolling, color illustrations, and interesting plots unlike the traditional Western comic. Manhwa has become popular in the rest of the world in the last several years. These Korean comics are now being read by Spanish-speaking readers, due to the new stories, new art styles and genres that is not usually found in traditional comics. The trend has facilitated…
A Perfect Finish Painting, Expert Residential and Commercial Painters Announce E …
A Perfect Finish Painting is the Denver South Metro's premier provider of high-end residential painting and finishing services in communities like Greenwood Village, Littleton, and Highlands Ranch. We specialize in superior interior and exterior projects, renowned for our detailed preparation, expert craftsmanship, and the exclusive use of high-quality, sustainable materials. Our dedication is to enhancing the aesthetics and structural integrity of every home we service.
A Perfect Finish Painting, a respected…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
