Military Vehicle Electrification Market size was valued at US$ 6.44 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 12.5% through 2024 to 2030, reaching nearly US$ 14.69 Bn.Global Military Vehicle Electrification Market Overview
The global defense sector holds more than 8 Million ground vehicles having worth more than USD 200 Billion. An increase in the concerns over the environmental damage caused by such a large number of vehicles has resulted in a rise in demand for the use of vehicles that work on alternative fuel sources like renewable energy sources, biofuels, and electricity. Military Vehicle Electrification is a process of installing operating machinery in military vehicles that work on electric motors, consume zero fuel, and emit little to zero amount of carbon in the environment. An increase in demand for a cost-efficient mechanism to operate vehicles in the defense sector has resulted in a growth in the Global Military Vehicle Electrification Market.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2023 to forecast the market through 2030. 2023 is considered a base year however 2023’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Military Vehicle Electrification Market Dynamics:
Oil is one of the most volatile products present in the market. Slight changes in the geopolitical or financial system of a group of nations result in a rapid change in the prices of oil. This has resulted in increased demand for alternative fuel sources that show little to no change in cost with respect to change in political scenarios around the world. The increased use of electric motors has shown the rising trend to counter the market domination of Oil as a prime source of fuel for automobiles. Military Vehicles are one of the essential elements of the defense sector of every nation present in this world. An increase in geopolitical issues has resulted in a rise in demand for cost and energy-efficient alternatives for fuel sources used by military vehicles. An increase in the operating cost required by Military vehicles has resulted in a rising demand for Military Vehicle Electrification. An increase in demand for remotely operated and fully autonomous vehicles as an alternative for human life has observed a rapid growth in the artillery of the global defense sector. The rising preference for the use of unmanned vehicles has resulted in a rise in demand for Military Vehicle Electrification by the developed nations. The defense budget of the US for the financial year 2020 was valued at US $ 721.5 Billion. This budget specifies the increased use of vehicles operating on alternative fuel sources. This has resulted in granting of the contract worth US $ 32.5 Million in June 2020 to BAE Systems PLC for delivering 2 HED vehicles consisting of replaced transmission electric drive motor. A press release in August 2020 by Michael Cadieux, the director of The us Army’s CCD Command’s Ground Vehicle Systems Center state that The US army has invested nearly US $ 75 Million over the last 5 years on electrification-related technology at the ground vehicle systems center and is poised to spend the additional US $ 50 Million on electric and mobility technology development by 2022. This statement shows the readiness to accept electrification of the military vehicles by the US Army which is one of the developed and well-equipped armies in the world. Increased demand for cost and energy-efficient vehicles by the defense sector acts as the major driving factor for the growth of the Global Military Vehicle Electrification Market. Restraints: The absence of electric energy-based infrastructure and the requirement of high cost for establishing it acts as the major driving factor here.Global Military Vehicle Electrification Market Segment Analysis:
Global Military Vehicle Electrification Market is segmented By Operation, Increased use of the remotely operated vehicle in the war zone has forecasted Autonomous vehicles to dominate the Operation segment of the Global Military Vehicle Electrification Market in the coming years. An increase in demand for military vehicles that work as an alternative for humans has resulted in xx% increase in demand for Semi-autonomous vehicles in the second decade of this century by the global defense sector. The absence of technological infrastructure in most of the countries has resulted in increase in demand for Manually Operated Electric Military Vehicle. By Platform, The importance of providing logistics to the soldiers in the war zone and increased demand for vehicles that can operate in tougher climatic conditions has forecasted Support Vehicles to dominate the Platform segment of the Global Military Vehicle Electrification Market in the coming years. The lowering of defense budgets by developing nations has resulted in increased demand for military vehicles that have low maintenance and operating cost. This has resulted in increase in demand for Combat vehicles that operate on electric machinery in the second decade of this century. The increased preference for remotely operated robots has resulted in a xx% increase in demand for the electrification of UAVs.By Technology, Increased preference for the presence of dual systems to operate as per convenience has forecasted Hybrid Military vehicles to dominate the Technology segment of the Global Military Vehicle Electrification Market in the coming years. An increase in the concerns over the damage caused by military machinery over the environment has resulted in xx% increase in the use of Fully Electric technology in 2023 by the defense sectors of developed countries like the US, France, and Japan. By System, Increased demand for fuelling stations by the defense sector has forecasted the Power Generation System to dominate the System segment of the Global Military Vehicle Electrification Market in the coming years. Growing demand for a military vehicle that can cover a long distance with efficiency has resulted in increased demand for Energy Storage Systems for Military Vehicles in 2023. An increase in preference for a Hybrid Machinery that performs the conversion of energy from one source to another has resulted in xx% increase in demand for Power Conversion Systems in Military Vehicle Electrification in the second decade of this century.
Global Military Vehicle Electrification Market Regional Insights
The presence of a big defense sector and rising preference for electrification has resulted in an 8.3% increase in demand for Military Vehicle Electrification from 2018 through 2020 in North America. The rising preference to achieve Zero Carbon Emissions by 2050 has resulted in a 6.1% increase in demand for Military Vehicle Electrification from 2016 through 2019 in Europe. The rising preference for the use of Electric Vehicles by militaries of countries like China, Japan, and South Korea has resulted in a 3.6% increase in demand for Military Vehicle Electrification in 2020 as compared to the period from 2014 to 2019 in the Asia-Pacific. The Middle East and Africa’s Market is showing a growth rate of 2.5%, the reason for which is the rising preference for Military Vehicle Electrification by countries like Israel, Jordan, UAE, and Saudi Arabia. The South American Market is showing a low growth rate, the reason for which is the lack of knowledge related to the use of Electric assembly in military vehicles. The objective of the report is to present a comprehensive analysis of the global Military Vehicle Electrification market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Military Vehicle Electrification market dynamics, structure by analyzing the market segments and Project the global Military Vehicle Electrification market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Military Vehicle Electrification market make the report investor’s guide.Global Military Vehicle Electrification Market Scope: Inquire before buying
Military Vehicle Electrification Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 6.44 Bn Forecast Period 2024 to 2030 CAGR: 12.5% Market Size in 2030: USD 14.69 Bn Segments Covered: by Operation Manually Operated Autonomous Semi-autonomous by Platform Combat Vehicle Support Vehicle UAV by Technology Fully Electric Hybrid by System Power Generation Traction Drive Systems Power Conversion Cooling Systems Energy Storage Global Military Vehicle Electrification Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Military Vehicle Electrification Market Key Players
1. Ballard Power Systems Inc. 2. AM General 3. General Dynamics 4. Nikola Corporation 5. Oshkosh Corporation 6. Arquus 7. Polaris Inc. 8. BAE Systems PLC 9. Qinetiq 10.Epsilor-Electric Fuel Ltd. 11.General Motors 12.Highland Systems 13.Krauss-MaffeiWegmann GmbH & Co. KG 14.Nextar Systems 15.Leonardo SPA 16.Milrem Robotics 17.Textron Inc. 18.UKroboronprom 19.Aselsan A.S.Frequently Asked Questions:
1] What is the market share of the Global Military Vehicle Electrification Market in 2023? Ans. The Global Military Vehicle Electrification Market was valued at US $ 6.44 Billion in the year 2023. 2] Which is the dominating region for the Global Military Vehicle Electrification Market? Ans. The increased demand for military vehicles with low operating costs has resulted in making North America the biggest market for Military Vehicle Electrification. 3] What are the opportunities for technological development in the Global Military Vehicle Electrification Market? Ans. The use of Hydrogen fuel-based technology holds the capability to provide ample amount of opportunities for technological development in the Global Military Vehicle Electrification Market. 4] Which factor acts as the driving factor for the growth of the Global Military Vehicle Electrification Market? Ans. An increase in the environmental concerns and a rise in search for the use of alternative technology for vehicles used by the military are some of the factors that are driving the demand for Military Vehicle Electrification. 5] What factors are restraining the growth of the Global Military Vehicle Electrification Market? Ans. The low run-time provided by electric vehicles acts as the major restraining factor for the growth of the Global Military Vehicle Electrification Market.
1. Military Vehicle Electrification Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Military Vehicle Electrification Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. Vehicle type Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Military Vehicle Electrification Market: Dynamics 3.1. Military Vehicle Electrification Market Trends 3.2. Military Vehicle Electrification Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. Trends and disruptions impacting customer business 3.4. Pricing Analysis 3.4.1. Average selling price trend, by battery type 3.4.2. Average selling price trend of batteries, by region 3.5. Supply Chain Analysis 3.6. Trade data analysis 3.6.1. Import scenario 3.6.2. Export scenario 3.7. Ecosystem Analysis 3.7.1. Vehicle and battery manufacturers 3.7.2. Charging infrastructure providers 3.7.3. Defense contractors and integrators 3.8. Technology Analysis 3.8.1. Additive manufacturing 3.8.2. Computerized weapon systems 3.9. PORTER’s Five Forces Analysis 3.9.1. Intensity of the Rivalry 3.9.2. Threat of New Entrants 3.9.3. Bargaining Power of Suppliers 3.9.4. Bargaining Power of Buyers 3.9.5. Threat of Substitutes 3.10. Key conferences and events, 2023-2024 3.11. Regulatory Landscape by Region 3.11.1. North America 3.11.2. Europe 3.11.3. Asia Pacific 3.11.4. South America 3.11.5. MEA 4. Military Vehicle Electrification Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2023-2030) 4.1. Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 4.1.1. Manually Operated 4.1.2. Autonomous 4.1.3. Semi-autonomous 4.2. Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 4.2.1. Combat Vehicle 4.2.2. Support Vehicle 4.2.3. UAV 4.3. Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 4.3.1. Fully Electric 4.3.2. Hybrid 4.4. Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 4.4.1. Power Generation 4.4.2. Traction Drive Systems 4.4.3. Power Conversion 4.4.4. Cooling Systems 4.4.5. Energy Storage 5. North America Military Vehicle Electrification Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 5.1.1. Manually Operated 5.1.2. Autonomous 5.1.3. Semi-autonomous 5.2. North America Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 5.2.1. Combat Vehicle 5.2.2. Support Vehicle 5.2.3. UAV 5.3. North America Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 5.3.1. Fully Electric 5.3.2. Hybrid 5.4. North America Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 5.4.1. Power Generation 5.4.2. Traction Drive Systems 5.4.3. Power Conversion 5.4.4. Cooling Systems 5.4.5. Energy Storage 5.5. North America Military Vehicle Electrification Market Size and Forecast, by Country (2023-2030) 5.5.1. United States 5.5.1.1. United States Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 5.5.1.1.1. Manually Operated 5.5.1.1.2. Autonomous 5.5.1.1.3. Semi-autonomous 5.5.1.2. United States Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 5.5.1.2.1. Combat Vehicle 5.5.1.2.2. Support Vehicle 5.5.1.2.3. UAV 5.5.1.3. United States Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 5.5.1.3.1. Fully Electric 5.5.1.3.2. Hybrid 5.5.1.4. United States Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 5.5.1.4.1. Power Generation 5.5.1.4.2. Traction Drive Systems 5.5.1.4.3. Power Conversion 5.5.1.4.4. Cooling Systems 5.5.1.4.5. Energy Storage 5.5.2. Canada 5.5.2.1. Canada Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 5.5.2.1.1. Manually Operated 5.5.2.1.2. Autonomous 5.5.2.1.3. Semi-autonomous 5.5.2.2. Canada Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 5.5.2.2.1. Combat Vehicle 5.5.2.2.2. Support Vehicle 5.5.2.2.3. UAV 5.5.2.3. Canada Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 5.5.2.3.1. Fully Electric 5.5.2.3.2. Hybrid 5.5.2.4. Canada Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 5.5.2.4.1. Power Generation 5.5.2.4.2. Traction Drive Systems 5.5.2.4.3. Power Conversion 5.5.2.4.4. Cooling Systems 5.5.2.4.5. Energy Storage 5.5.3. Mexico 5.5.3.1. Mexico Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 5.5.3.1.1. Manually Operated 5.5.3.1.2. Autonomous 5.5.3.1.3. Semi-autonomous 5.5.3.2. Mexico Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 5.5.3.2.1. Combat Vehicle 5.5.3.2.2. Support Vehicle 5.5.3.2.3. UAV 5.5.3.3. Mexico Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 5.5.3.3.1. Fully Electric 5.5.3.3.2. Hybrid 5.5.3.4. Mexico Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 5.5.3.4.1. Power Generation 5.5.3.4.2. Traction Drive Systems 5.5.3.4.3. Power Conversion 5.5.3.4.4. Cooling Systems 5.5.3.4.5. Energy Storage 6. Europe Military Vehicle Electrification Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.2. Europe Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.3. Europe Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.4. Europe Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5. Europe Military Vehicle Electrification Market Size and Forecast, by Country (2023-2030) 6.5.1. United Kingdom 6.5.1.1. United Kingdom Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.1.2. United Kingdom Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.1.3. United Kingdom Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.1.4. United Kingdom Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.2. France 6.5.2.1. France Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.2.2. France Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.2.3. France Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.2.4. France Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.3. Germany 6.5.3.1. Germany Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.3.2. Germany Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.3.3. Germany Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.3.4. Germany Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.4. Italy 6.5.4.1. Italy Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.4.2. Italy Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.4.3. Italy Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.4.4. Italy Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.5. Spain 6.5.5.1. Spain Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.5.2. Spain Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.5.3. Spain Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.5.4. Spain Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.6. Sweden 6.5.6.1. Sweden Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.6.2. Sweden Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.6.3. Sweden Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.6.4. Sweden Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.7. Austria 6.5.7.1. Austria Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.7.2. Austria Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.7.3. Austria Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.7.4. Austria Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 6.5.8. Rest of Europe 6.5.8.1. Rest of Europe Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 6.5.8.2. Rest of Europe Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 6.5.8.3. Rest of Europe Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 6.5.8.4. Rest of Europe Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7. Asia Pacific Military Vehicle Electrification Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.2. Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.3. Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.4. Asia Pacific Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5. Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Country (2023-2030) 7.5.1. China 7.5.1.1. China Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.1.2. China Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.1.3. China Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.1.4. China Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5.2. S Korea 7.5.2.1. S Korea Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.2.2. S Korea Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.2.3. S Korea Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.2.4. S Korea Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5.3. Japan 7.5.3.1. Japan Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.3.2. Japan Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.3.3. Japan Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.3.4. Japan Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5.4. India 7.5.4.1. India Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.4.2. India Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.4.3. India Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.4.4. India Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5.5. Australia 7.5.5.1. Australia Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.5.2. Australia Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.5.3. Australia Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.5.4. Australia Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5.6. ASIAN 7.5.6.1. ASIAN Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.6.2. ASIAN Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.6.3. ASIAN Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.6.4. ASIAN Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 7.5.7. Rest of Asia Pacific 7.5.7.1. Rest of Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 7.5.7.2. Rest of Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 7.5.7.3. Rest of Asia Pacific Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 7.5.7.4. Rest of Asia Pacific Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 8. Middle East and Africa Military Vehicle Electrification Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 8.2. Middle East and Africa Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 8.3. Middle East and Africa Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 8.4. Middle East and Africa Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 8.5. Middle East and Africa Military Vehicle Electrification Market Size and Forecast, by Country (2023-2030) 8.5.1. South Africa 8.5.1.1. South Africa Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 8.5.1.2. South Africa Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 8.5.1.3. South Africa Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 8.5.1.4. South Africa Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 8.5.2. S GCC 8.5.2.1. GCC Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 8.5.2.2. GCC Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 8.5.2.3. GCC Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 8.5.2.4. GCC Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 8.5.3. Egypt 8.5.3.1. Egypt Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 8.5.3.2. Egypt Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 8.5.3.3. Egypt Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 8.5.3.4. Egypt Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 8.5.4. Nigeria 8.5.4.1. Nigeria Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 8.5.4.2. Nigeria Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 8.5.4.3. Nigeria Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 8.5.4.4. Nigeria Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 8.5.5. Rest of ME &A 8.5.5.1. Rest of ME &A Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 8.5.5.2. Rest of ME &A Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 8.5.5.3. Rest of ME &A Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 8.5.5.4. Rest of ME &A Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 9. South America Military Vehicle Electrification Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 9.2. South America Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 9.3. South America Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 9.4. South America Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 9.5. South America Military Vehicle Electrification Market Size and Forecast, by Country (2023-2030) 9.5.1. Brazil 9.5.1.1. Brazil Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 9.5.1.2. Brazil Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 9.5.1.3. Brazil Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 9.5.1.4. Brazil Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 9.5.2. Argentina 9.5.2.1. Argentina Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 9.5.2.2. Argentina Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 9.5.2.3. Argentina Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 9.5.2.4. Argentina Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 9.5.3. Rest Of South America 9.5.3.1. Rest of South America Military Vehicle Electrification Market Size and Forecast, by Operation (2023-2030) 9.5.3.2. Rest of South America Military Vehicle Electrification Market Size and Forecast, by Platform (2023-2030) 9.5.3.3. Rest of South America Military Vehicle Electrification Market Size and Forecast, by Technology (2023-2030) 9.5.3.4. Rest of South America Military Vehicle Electrification Market Size and Forecast, by System (2023-2030) 10. Company Profile: Key Players 10.1. Ballard Power Systems Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.3.1. Total Revenue 10.1.3.2. Segment Revenue 10.1.3.3. Annual Revenue 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. AM General 10.3. General Dynamics 10.4. Nikola Corporation 10.5. Oshkosh Corporation 10.6. Arquus 10.7. Polaris Inc. 10.8. BAE Systems PLC 10.9. Qinetiq 10.10. Epsilor-Electric Fuel Ltd. 10.11. General Motors 10.12. Highland Systems 10.13. Krauss-MaffeiWegmann GmbH & Co. KG 10.14. Nextar Systems 10.15. Leonardo SPA 10.16. Milrem Robotics 10.17. Textron Inc. 10.18. UKroboronprom 10.19. Aselsan A.S. 10.20. Embraer Defense & Security 10.21. Navistar Defense 10.22. Nuvera Fuel Cells 10.23. ChargePoint 10.24. Blink Charging 10.25. Allison Transmission 11. Key Findings and Analyst Recommendations 12. Military Vehicle Electrification Market: Research Methodology 12.1. Research Data 12.1.1. Secondary Data 12.1.1.1. Key Secondary sources 12.1.2. Primary data 12.1.2.1. Key industry insights 12.1.2.2. Key data from primary sources 12.1.3. Research approach and methodology 12.1.3.1. Bottom-up approach 12.1.3.1.1. Approach to arrive at market size using bottom-up approach 12.1.3.2. Top-down approach 12.2. Factor analysis 12.2.1. Introduction 12.2.2. Demand side indicators 12.2.2.1. Strategic mobility requirements 12.2.2.2. Operational flexibility 12.2.2.3. Fuel efficiency and logistical considerations 12.2.2.4. Environmental sustainability goals 12.2.3. Supply side indicators 12.2.3.1. Financial trends of major defense contractors 12.2.4. Recession impact analysis 12.2.4.1. Russia-Ukraine war impact analysis 12.2.4.2. Impact of war on micro factors of military vehicle electrification market 12.3. Research Assumptions 12.4. Data triangulation 12.5. Risk analysis
