Military Vehicle Electrification Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The military vehicle electrification is a tactical vehicle with hybrid-electric capablities with in-hub electric drive. The R&D in military vehicle electrification is constantly evolving, considering the current scenario and the countries cutting down their defense budget in might be a hindrance to the growth of this technology The manufacturing activities have faced operational and running activities due to the import and export regulations.

MARKET SCOPE

The

"Global Military Vehicle Electrification 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 vehicle electrification market with detailed market segmentation by technology, platform, system, operation and geography. The report provides key statistics on the market status of the leading military vehicle electrification market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global military vehicle electrification market is segmented into hybrid, fully electric
  
•   On the basis of platform, the market is segmented combat vehicles, support vehicles, unmanned armored vehicles
  
•   On the basis of system, the market is segmented power generation, cooling systems, energy storage, traction drive systems, power conversion
  
•   On the basis of operation, the market is segmented manned, autonomous/semi-autonomous
  

MARKET DYNAMICS

Drivers

•   Rising requirement for electric power sources.
  
•   Increasing oil prices and emission regulations.
  
•   Increasing demand for lithium-ion batteries for military vehicles
  
•   Rising demand for autonomous military vehicles
  
•   Increasing budget allocations for hybrid electric vehicles
  

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 vehicle electrification 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 vehicle electrification market in these regions.

IMPACT OF COVID-19 ON MILITARY VEHICLE ELECTRIFICATION 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 vehicle electrification 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 vehicle electrification market are anticipated to lucrative growth opportunities in the future with the rising demand for military vehicle electrification in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military vehicle electrification 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.

•   Arquus
  
•   BAE Systems plc
  
•   General Dynamics Corporation
  
•   Leonardo S.p.A.
  
•   Textron Inc
  
•   General Motors Company
  
•   Nikola Corporation
  
•   Qinetiq Group Plc
  
•   Nexter group
  
•   Krauss-Maffei Wegmann GmbH and Co. KG
  

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 Vehicle Electrification Report Scope