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PUBLISHER: The Business Research Company | PRODUCT CODE: 1162127

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1162127

Military Vehicle Electrification Global Market Report 2022: Ukraine-Russia War Impact

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“Military Vehicle Electrification Global Market Report 2022: Ukraine-Russia War Impact ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global military vehicle electrification market.

This report focuses on military vehicle electrification market which is experiencing strong growth. The report gives a guide to the military vehicle electrification market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Where is the largest and fastest growing market for the military vehicle electrification? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Military Vehicle Electrification market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider military vehicle electrification market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.

Our forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The military vehicle electrification market section of the report gives context. It compares the military vehicle electrification market with other segments of the military vehicle electrification market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, military vehicle electrification indicators comparison.

Scope

Markets Covered:

  • 1) By Technology: Hybrid; Fully Electric
  • 2) By Operation: Manned; Autonomous/Semi-Autonomous
  • 3) By Platform: Combat Vehicles; Support Vehicles; Unmanned Armored Vehicles
  • 4) By System: Power Generation; Cooling Systems; Energy Storage; Traction Drive Systems; Power Conversion
  • Companies Mentioned: BAE Systems; ARQUUS ; Leonardo SpA; Textron Inc; General Motors
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the military vehicle electrification market are: BAE Systems, ARQUUS , Leonardo SpA, Textron Inc, General Motors, Oshkosh Corporation, Nikola Corporation, Otokar Otomotive, QinetiQ, Polaris Inc, Epsilor-Electric Fuel Ltd, Nexter Group, ST Engineering, Tesla Inc, ASELSAN AS, AM General, and Highland Systems.

The global military vehicle electrification market is expected to grow from $4.27 billion in 2021 to $4.80 billion in 2022 at a compound annual growth rate (CAGR) of 12.30%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many every markets across the globe. The military vehicle electrification market is expected to reach $8.29 billion in 2026 at a CAGR of 14.66%.

The military vehicle electrification market consists of sales of military vehicle electrification solutions and services by entities (organizations, sole traders, and partnerships) that are used for electrifying the military vehicles by replacing traditionally used fossil fuels with electricity to power light-duty vehicles, medium-and heavy-duty trucks, and others. The primary goal of military vehicle electrification is to reduce the emission of greenhouse gases.

The main types of military vehicle electrification technologies are hybrid and fully electric. The hybrid military vehicle refers to a vehicle that can work with fuel and battery. These hybrid vehicles store energy during braking and decelerating by converting kinetic energy to electricity. The military vehicle can be operated manned, autonomous/ semi-autonomous. Electrification systems are used in combat, support, and unmanned armored vehicles in power generation, cooling systems, energy storage, traction drive systems, and power conversion.

North America as the largest region in the military vehicle electrification market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in military vehicle electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing demand for lithium-ion batteries for military vehicles is expected to propel the growth of the military vehicle electrification market. Over the years, lithium-ion batteries have been widely used in military applications such as tactical radios, thermal imagers, ECM, ESM, and portable computing. The usage of lithium batteries is expected to further expand to heavy-duty platforms, such as military vehicles, boats, shelter applications, aircraft, and missiles in coming years. For instance, in July 2021, the U.S Department of Defence invested $1.65 million in NanoGraf Corporation, a US-based company that manufactures and sells lithium-ion batteries. The investment aims to give U.S. military troops better portable power for the gear they need to use in a safe and efficient manner. NanoGraf will create silicon anode-based lithium-ion technology that is compatible with all portable batteries in order to achieve a runtime increase of 50-100% over conventional graphite anode lithium-ion cells. Therefore, increasing demand for lithium-ion batteries for military vehicles is driving the growth of the military vehicle electrification market.

Product innovation is the key trend that is gaining popularity in the military vehicle electrification market. Major companies operating in the military vehicle electrification market focus on product innovations that could give better solutions and strengthen their position in the market. For instance, in June 2022, Textron Inc., a US-based company operating in military vehicle electrification, introduced its advanced military electrification solution for existing armoured vehicle electrification. It aims to retain the advanced mobility of traditional drivelines by harnessing technologies to enable the pressing requirements of military users. Harnessing technology is the potential utilization of power and energy by controlling the system and storing its energy for later consumption. This company's solution provides a faster route for vehicle electrification than whole-vehicle design programs, which provides the ability to export electric power to charge more solid systems and run vehicles in full-electric silent mode for limited periods on the battlefield.

In April 2022, Textron Inc, a US-based aviation and aerospace component manufacturing company, acquired Pipistrel for $221.94 million (€218 million). With this acquisition, Textron Inc aims to strengthen its product portfolio in the electrification of military vehicles business and gain a market advantage in the aerospace and defence sector. Pipistrel has incorporated Textron's newest business division, Textron eAviation, which will follow Textron's long-term goal to provide a family of environmentally friendly aircraft for urban air mobility, general aviation, freight, and mission roles. Pipistrel Group is a Slovenia-based aircraft manufacturer that specializes in electric aircraft.

The countries covered in the military vehicle electrification market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The military vehicle electrification market research report is one of a series of new reports from The Business Research Company that provides military vehicle electrification market statistics, including military vehicle electrification industry global market size, regional shares, competitors with a military vehicle electrification market share, detailed military vehicle electrification market segments, market trends and opportunities, and any further data you may need to thrive in the military vehicle electrification industry. This military vehicle electrification market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: h2889

Table of Contents

1. Executive Summary

2. Military Vehicle Electrification Market Characteristics

3. Military Vehicle Electrification Market Trends And Strategies

4. Military Vehicle Electrification Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Military Vehicle Electrification Market
  • 4.2. Ukraine-Russia War Impact On Military Vehicle Electrification Market
  • 4.3. Impact Of High Inflation On Military Vehicle Electrification Market

5. Military Vehicle Electrification Market Size And Growth

  • 5.1. Global Military Vehicle Electrification Historic Market, 2016-2021, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Military Vehicle Electrification Forecast Market, 2021-2026F, 2031F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Military Vehicle Electrification Market Segmentation

  • 6.1. Global Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hybrid
  • Fully Electric
  • 6.2. Global Military Vehicle Electrification Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Manned
  • Autonomous/Semi-Autonomous
  • 6.3. Global Military Vehicle Electrification Market, Segmentation By Platform, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Combat Vehicles
  • Support Vehicles
  • Unmanned Armored Vehicles
  • 6.4. Global Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Power Generation
  • Cooling Systems
  • Energy Storage
  • Traction Drive Systems
  • Power Conversion

7. Military Vehicle Electrification Market Regional And Country Analysis

  • 7.1. Global Military Vehicle Electrification Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 7.2. Global Military Vehicle Electrification Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Military Vehicle Electrification Market

  • 8.1. Asia-Pacific Military Vehicle Electrification Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 8.3. Asia-Pacific Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Military Vehicle Electrification Market

  • 9.1. China Military Vehicle Electrification Market Overview
  • 9.2. China Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
  • 9.3. China Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Military Vehicle Electrification Market

  • 10.1. India Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 10.2. India Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

11. Japan Military Vehicle Electrification Market

  • 11.1. Japan Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 11.2. Japan Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

12. Australia Military Vehicle Electrification Market

  • 12.1. Australia Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 12.2. Australia Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

13. Indonesia Military Vehicle Electrification Market

  • 13.1. Indonesia Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 13.2. Indonesia Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

14. South Korea Military Vehicle Electrification Market

  • 14.1. South Korea Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 14.2. South Korea Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

15. Western Europe Military Vehicle Electrification Market

  • 15.1. Western Europe Military Vehicle Electrification Market Overview
  • 15.2. Western Europe Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 15.3. Western Europe Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

16. UK Military Vehicle Electrification Market

  • 16.1. UK Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 16.2. UK Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

17. Germany Military Vehicle Electrification Market

  • 17.1. Germany Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 17.2. Germany Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

18. France Military Vehicle Electrification Market

  • 18.1. France Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 18.2. France Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

19. Eastern Europe Military Vehicle Electrification Market

  • 19.1. Eastern Europe Military Vehicle Electrification Market Overview
  • 19.2. Eastern Europe Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 19.3. Eastern Europe Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

20. Russia Military Vehicle Electrification Market

  • 20.1. Russia Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 20.2. Russia Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

21. North America Military Vehicle Electrification Market

  • 21.1. North America Military Vehicle Electrification Market Overview
  • 21.2. North America Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 21.3. North America Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

22. USA Military Vehicle Electrification Market

  • 22.1. USA Military Vehicle Electrification Market Overview
  • 22.2. USA Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 22.3. USA Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

23. South America Military Vehicle Electrification Market

  • 23.1. South America Military Vehicle Electrification Market Overview
  • 23.2. South America Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 23.3. South America Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

24. Brazil Military Vehicle Electrification Market

  • 24.1. Brazil Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 24.2. Brazil Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

25. Middle East Military Vehicle Electrification Market

  • 25.1. Middle East Military Vehicle Electrification Market Overview
  • 25.2. Middle East Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 25.3. Middle East Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

26. Africa Military Vehicle Electrification Market

  • 26.1. Africa Military Vehicle Electrification Market Overview
  • 26.2. Africa Military Vehicle Electrification Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 26.3. Africa Military Vehicle Electrification Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

27. Military Vehicle Electrification Market Competitive Landscape And Company Profiles

  • 27.1. Military Vehicle Electrification Market Competitive Landscape
  • 27.2. Military Vehicle Electrification Market Company Profiles
    • 27.2.1. BAE Systems
  • 27.2.1.1. Overview
  • 27.2.1.2. Products and Services
  • 27.2.1.3. Strategy
  • 27.2.1.4. Financial Performance
    • 27.2.2. ARQUUS
  • 27.2.2.1. Overview
  • 27.2.2.2. Products and Services
  • 27.2.2.3. Strategy
  • 27.2.2.4. Financial Performance
    • 27.2.3. Leonardo SpA
  • 27.2.3.1. Overview
  • 27.2.3.2. Products and Services
  • 27.2.3.3. Strategy
  • 27.2.3.4. Financial Performance
    • 27.2.4. Textron Inc
  • 27.2.4.1. Overview
  • 27.2.4.2. Products and Services
  • 27.2.4.3. Strategy
  • 27.2.4.4. Financial Performance
    • 27.2.5. General Motors
  • 27.2.5.1. Overview
  • 27.2.5.2. Products and Services
  • 27.2.5.3. Strategy
  • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Military Vehicle Electrification Market

29. Military Vehicle Electrification Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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