Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Hybrid electric vehicles (HEVs) have a combination of electric and IC power sources, which gives them significantly enhanced performance and mileage compared with heavy-duty, combustion-only, and electric-only vehicles. EVs and HEVs accelerate faster than combustion-only vehicles and can be used as portable generators to power onboard sensors, targeting devices, weapon systems, mobile hospitals, and other command and control (C2) systems.

MARKET SCOPE

The "Global Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military hybrid electric vehicle (HEV) and electric vehicle (EV) market with detailed market segmentation by product type, EV charging point type, vehicle drive type and geography. The report provides key statistics on the market status of the leading military hybrid electric vehicle (HEV) and electric vehicle (EV) market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product type, the global military hybrid electric vehicle (HEV) and electric vehicle (EV) market is segmented into manned HEV and EV, unmanned HEV and EV
  
•   On the basis of EV charging point, the market is segmented AC charging, DC charging
  
•   On the basis of vehicle drive type, the market is segmented front-wheel drive, rear wheel drive, all wheel drive
  

MARKET DYNAMICS

Drivers:

•   Development of cost-effective vehicles
  
•   Development and use of advanced lithium-ion power sources.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military hybrid electric vehicle (HEV) and electric vehicle (EV) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military hybrid electric vehicle (HEV) and electric vehicle (EV) market in these regions.

IMPACT OF COVID-19 ON MILITARY HYBRID ELECTRIC VEHICLE (HEV) AND ELECTRIC VEHICLE (EV) MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the military hybrid electric vehicle (HEV) and electric vehicle (EV) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military hybrid electric vehicle (HEV) and electric vehicle (EV) market are anticipated to lucrative growth opportunities in the future with the rising demand for military hybrid electric vehicle (HEV) and electric vehicle (EV) in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military hybrid electric vehicle (HEV) and electric vehicle (EV) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Nikola Corporation
  
•   BAE Systems
  
•   Ford Motor Company
  
•   General Motors
  
•   ST Engineering
  
•   MILREM ROBOTICS
  
•   ALKE
  
•   Logos Technologies
  
•   Magnet Motor
  
•   Zero Motorcycles, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Report Scope