Military Vehicle Electrification Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology, By System, By Platform, By Region, Competition, 2020-2030F

Description

The Global Military Vehicle Electrification Market, valued at USD 18.56 Billion in 2024, is projected to experience a CAGR of 10.26% to reach USD 33.35 Billion by 2030. Military vehicle electrification involves integrating electric and hybrid propulsion systems into military platforms, replacing or supplementing conventional internal combustion engines with electric drivetrains and energy storage systems.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 18.56 Billion
Market Size 2030	USD 33.35 Billion
CAGR 2025-2030	10.26%
Fastest Growing Segment	Hybrid
Largest Market	North America

Key Market Drivers

The global military vehicle electrification market is principally propelled by the pursuit of strategic and tactical battlefield advantages and the continuous advancements in battery and drivetrain technologies. The drive for enhanced operational efficiency forms a critical strategic imperative, enabling capabilities such as reduced acoustic and thermal signatures for stealthier operations, silent mobility, and increased onboard power for advanced systems. This necessitates robust supporting infrastructure.

Key Market Challenges

The substantial initial investment required for developing specialized electric drivetrains, high-capacity batteries, and robust charging infrastructure poses a considerable impediment to the expansion of the Global Military Vehicle Electrification Market. The significant capital expenditure involved in research, development, and procurement of these advanced components, coupled with the costs for establishing suitable charging networks, particularly for demanding operational environments, places a heavy burden on defense budgets. This financial constraint directly slows the pace of fleet modernization and the integration of new electrified platforms, as resources must be carefully allocated across various critical defense priorities.

Key Market Trends

The shift towards hybrid and fully electric propulsion systems represents a fundamental transformation in military ground vehicle design, driven by the desire for enhanced operational capabilities and efficiency. This transition enables benefits such as reduced acoustic and thermal signatures, providing a tactical advantage for stealthier operations, alongside improved fuel economy and extended periods of silent mobility. Indicative of this industry-wide focus, SAE International announced the formation of its Vehicle Platform Power Management Committee (J3311) in January 2024, tasked with standardizing optimal power generation and consumption for electric and hybrid electric vehicles, which reflects a concerted effort toward system integration.

Key Market Players

BAE Systems plc
Oshkosh Corporation
General Dynamics Corporation
Rheinmetall AG
General Motors Holdings LLC
Textron Systems Corporation (Textron Inc.)
Arquus (John Cockerill Group)
Singapore Technologies Engineering Ltd.
Hyundai Rotem Company (Hyundai Motor Group)
KNDS N.V.

Report Scope:

In this report, the Global Military Vehicle Electrification Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Military Vehicle Electrification Market, By Technology:

Hybrid
Fully Electric

Military Vehicle Electrification Market, By System:

Power Generation
Cooling Systems
Energy Storage
Traction Drive Systems
Power Conversion

Military Vehicle Electrification Market, By Platform:

Combat Vehicles
Support Vehicles
Unmanned Armored Vehicles

Military Vehicle Electrification Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Military Vehicle Electrification Market.

Available Customizations:

Global Military Vehicle Electrification Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Military Vehicle Electrification Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Technology (Hybrid, Fully Electric)
- 5.2.2. By System (Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion)
- 5.2.3. By Platform (Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Military Vehicle Electrification Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By System
- 6.2.3. By Platform
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Military Vehicle Electrification Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Technology
    - 6.3.1.2.2. By System
    - 6.3.1.2.3. By Platform
- 6.3.2. Canada Military Vehicle Electrification Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Technology
    - 6.3.2.2.2. By System
    - 6.3.2.2.3. By Platform
- 6.3.3. Mexico Military Vehicle Electrification Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Technology
    - 6.3.3.2.2. By System
    - 6.3.3.2.3. By Platform

7. Europe Military Vehicle Electrification Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By System
- 7.2.3. By Platform
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Military Vehicle Electrification Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Technology
    - 7.3.1.2.2. By System
    - 7.3.1.2.3. By Platform
- 7.3.2. France Military Vehicle Electrification Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Technology
    - 7.3.2.2.2. By System
    - 7.3.2.2.3. By Platform
- 7.3.3. United Kingdom Military Vehicle Electrification Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Technology
    - 7.3.3.2.2. By System
    - 7.3.3.2.3. By Platform
- 7.3.4. Italy Military Vehicle Electrification Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Technology
    - 7.3.4.2.2. By System
    - 7.3.4.2.3. By Platform
- 7.3.5. Spain Military Vehicle Electrification Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Technology
    - 7.3.5.2.2. By System
    - 7.3.5.2.3. By Platform

8. Asia Pacific Military Vehicle Electrification Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By System
- 8.2.3. By Platform
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Military Vehicle Electrification Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Technology
    - 8.3.1.2.2. By System
    - 8.3.1.2.3. By Platform
- 8.3.2. India Military Vehicle Electrification Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Technology
    - 8.3.2.2.2. By System
    - 8.3.2.2.3. By Platform
- 8.3.3. Japan Military Vehicle Electrification Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Technology
    - 8.3.3.2.2. By System
    - 8.3.3.2.3. By Platform
- 8.3.4. South Korea Military Vehicle Electrification Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Technology
    - 8.3.4.2.2. By System
    - 8.3.4.2.3. By Platform
- 8.3.5. Australia Military Vehicle Electrification Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Technology
    - 8.3.5.2.2. By System
    - 8.3.5.2.3. By Platform

9. Middle East & Africa Military Vehicle Electrification Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By System
- 9.2.3. By Platform
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Military Vehicle Electrification Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Technology
    - 9.3.1.2.2. By System
    - 9.3.1.2.3. By Platform
- 9.3.2. UAE Military Vehicle Electrification Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Technology
    - 9.3.2.2.2. By System
    - 9.3.2.2.3. By Platform
- 9.3.3. South Africa Military Vehicle Electrification Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Technology
    - 9.3.3.2.2. By System
    - 9.3.3.2.3. By Platform

10. South America Military Vehicle Electrification Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By System
- 10.2.3. By Platform
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Military Vehicle Electrification Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Technology
    - 10.3.1.2.2. By System
    - 10.3.1.2.3. By Platform
- 10.3.2. Colombia Military Vehicle Electrification Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Technology
    - 10.3.2.2.2. By System
    - 10.3.2.2.3. By Platform
- 10.3.3. Argentina Military Vehicle Electrification Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Technology
    - 10.3.3.2.2. By System
    - 10.3.3.2.3. By Platform

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Military Vehicle Electrification Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. BAE Systems plc
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Oshkosh Corporation
15.3. General Dynamics Corporation
15.4. Rheinmetall AG
15.5. General Motors Holdings LLC
15.6. Textron Systems Corporation (Textron Inc.)
15.7. Arquus (John Cockerill Group)
15.8. Singapore Technologies Engineering Ltd.
15.9. Hyundai Rotem Company (Hyundai Motor Group)
15.10. KNDS N.V.