Global Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market 2023-2027

Description

List of Tables

Technavio has been monitoring the military hybrid electric vehicle (HEV) and electric vehicle (EV) market and is forecast to grow by $ 8.48 bn during 2022-2027, accelerating at a CAGR of 14.36% during the forecast period. Our report on the military hybrid electric vehicle (HEV) and electric vehicle (EV) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the push toward the adoption of green (eco-friendly) vehicles., stringent regulations on emissions and fuel efficiency, and increasing sales of HEVs.

Technavio's military hybrid electric vehicle (HEV) and electric vehicle (EV) market is segmented as below:

By Product

Manned military HEV and EV
Unmanned military HEV and EV

By Type

AC charging
DC charging

By Geography

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the high-density, high-power, and small-size li-ion batteries as one of the prime reasons driving the military hybrid electric vehicle (HEV) and electric vehicle (EV) market growth during the next few years. Also, fuel cell HEVs: hydrogen as an upcoming alternative fuel and international zero-emission vehicle (ZEV) alliance by countries will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the military hybrid electric vehicle (HEV) and electric vehicle (EV) market covers the following areas:

Military hybrid electric vehicle (HEV) and electric vehicle (EV) market sizing
Military hybrid electric vehicle (HEV) and electric vehicle (EV) market forecast
Military hybrid electric vehicle (HEV) and electric vehicle (EV) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military hybrid electric vehicle (HEV) and electric vehicle (EV) market vendors that include AeroVironment Inc., Alke s.r.l., BAE Systems Plc, Elbit Systems Ltd., Ford Motor Co., General Atomics, General Dynamics Corp., General Motors Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Logos Technologies LLC, Milrem AS, Nikola Corp., Northrop Grumman Systems Corp., Oshkosh Corp., QinetiQ Ltd., Singapore Technologies Engineering Ltd., The Boeing Co., and Zero Motorcycles Inc. Also, the military hybrid electric vehicle (HEV) and electric vehicle (EV) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR75105

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global military hybrid electric vehicle (HEV) and electric vehicle (EV) market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global military hybrid electric vehicle (HEV) and electric vehicle (EV) market 2017 - 2021 ($ billion)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Segment 2017 - 2021 ($ billion)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Manned military HEV and EV - Market size and forecast 2022-2027
Exhibit 34: Chart on Manned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Manned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Manned military HEV and EV - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Manned military HEV and EV - Year-over-year growth 2022-2027 (%)
6.4 Unmanned military HEV and EV - Market size and forecast 2022-2027
Exhibit 38: Chart on Unmanned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Unmanned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Unmanned military HEV and EV - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Unmanned military HEV and EV - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ billion)
Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2022-2027 (%)
Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 AC charging - Market size and forecast 2022-2027
Exhibit 48: Chart on AC charging - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Data Table on AC charging - Market size and forecast 2022-2027 ($ billion)
Exhibit 50: Chart on AC charging - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on AC charging - Year-over-year growth 2022-2027 (%)
7.4 DC charging - Market size and forecast 2022-2027
Exhibit 52: Chart on DC charging - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on DC charging - Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on DC charging - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on DC charging - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ billion)
Exhibit 57: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Russia - Market size and forecast 2022-2027
Exhibit 99: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on Russia - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Russia - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ billion)
Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 AeroVironment Inc.
Exhibit 111: AeroVironment Inc. - Overview
Exhibit 112: AeroVironment Inc. - Business segments
Exhibit 113: AeroVironment Inc. - Key news
Exhibit 114: AeroVironment Inc. - Key offerings
Exhibit 115: AeroVironment Inc. - Segment focus
12.4 Alke s.r.l.
Exhibit 116: Alke s.r.l. - Overview
Exhibit 117: Alke s.r.l. - Product / Service
Exhibit 118: Alke s.r.l. - Key offerings
12.5 BAE Systems Plc
Exhibit 119: BAE Systems Plc - Overview
Exhibit 120: BAE Systems Plc - Business segments
Exhibit 121: BAE Systems Plc - Key offerings
Exhibit 122: BAE Systems Plc - Segment focus
12.6 Elbit Systems Ltd.
Exhibit 123: Elbit Systems Ltd. - Overview
Exhibit 124: Elbit Systems Ltd. - Product / Service
Exhibit 125: Elbit Systems Ltd. - Key offerings
12.7 Ford Motor Co.
Exhibit 126: Ford Motor Co. - Overview
Exhibit 127: Ford Motor Co. - Business segments
Exhibit 128: Ford Motor Co. - Key news
Exhibit 129: Ford Motor Co. - Key offerings
Exhibit 130: Ford Motor Co. - Segment focus
12.8 General Atomics
Exhibit 131: General Atomics - Overview
Exhibit 132: General Atomics - Product / Service
Exhibit 133: General Atomics - Key offerings
12.9 General Dynamics Corp.
Exhibit 134: General Dynamics Corp. - Overview
Exhibit 135: General Dynamics Corp. - Business segments
Exhibit 136: General Dynamics Corp. - Key news
Exhibit 137: General Dynamics Corp. - Key offerings
Exhibit 138: General Dynamics Corp. - Segment focus
12.10 General Motors Co.
Exhibit 139: General Motors Co. - Overview
Exhibit 140: General Motors Co. - Business segments
Exhibit 141: General Motors Co. - Key news
Exhibit 142: General Motors Co. - Key offerings
Exhibit 143: General Motors Co. - Segment focus
12.11 L3Harris Technologies Inc.
Exhibit 144: L3Harris Technologies Inc. - Overview
Exhibit 145: L3Harris Technologies Inc. - Business segments
Exhibit 146: L3Harris Technologies Inc. - Key news
Exhibit 147: L3Harris Technologies Inc. - Key offerings
Exhibit 148: L3Harris Technologies Inc. - Segment focus
12.12 Lockheed Martin Corp.
Exhibit 149: Lockheed Martin Corp. - Overview
Exhibit 150: Lockheed Martin Corp. - Business segments
Exhibit 151: Lockheed Martin Corp. - Key news
Exhibit 152: Lockheed Martin Corp. - Key offerings
Exhibit 153: Lockheed Martin Corp. - Segment focus
12.13 Milrem AS
Exhibit 154: Milrem AS - Overview
Exhibit 155: Milrem AS - Product / Service
Exhibit 156: Milrem AS - Key offerings
12.14 Nikola Corp.
Exhibit 157: Nikola Corp. - Overview
Exhibit 158: Nikola Corp. - Product / Service
Exhibit 159: Nikola Corp. - Key offerings
12.15 Northrop Grumman Systems Corp.
Exhibit 160: Northrop Grumman Systems Corp. - Overview
Exhibit 161: Northrop Grumman Systems Corp. - Business segments
Exhibit 162: Northrop Grumman Systems Corp. - Key news
Exhibit 163: Northrop Grumman Systems Corp. - Key offerings
Exhibit 164: Northrop Grumman Systems Corp. - Segment focus
12.16 Singapore Technologies Engineering Ltd.
Exhibit 165: Singapore Technologies Engineering Ltd. - Overview
Exhibit 166: Singapore Technologies Engineering Ltd. - Business segments
Exhibit 167: Singapore Technologies Engineering Ltd. - Key offerings
Exhibit 168: Singapore Technologies Engineering Ltd. - Segment focus
12.17 The Boeing Co.
Exhibit 169: The Boeing Co. - Overview
Exhibit 170: The Boeing Co. - Business segments
Exhibit 171: The Boeing Co. - Key offerings
Exhibit 172: The Boeing Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations