軍用車両の電動化市場 – 2030年までの世界予測

Military Vehicle Electrification Market - Global Forecast To 2030

軍用車両の電動化市場 - プラットフォーム(戦闘車両、支援車両、無人装甲車両)、システム、技術(ハイブリッド、完全電動)、動作モード、電圧タイプ、地域別 - 2030年までの世界予測
Military Vehicle Electrification Market by Platform (Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles), System, Technology (Hybrid, Fully Electric), Mode of operation, Voltage Type and Region - Global Forecast to 2030

商品番号 : SMB-24928

出版社MarketsandMarkets
出版年月2025年5月
ページ数273
図表数311
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本市場調査は、軍用車両の電動化市場を様々なセグメントにわたって網羅しています。システム、プラットフォーム、技術、動作モード、電圧、地域など、様々なセグメントにおける市場規模と成長ポテンシャルを推定することを目的としています。また、主要プレーヤーの詳細な競合分析に加え、企業プロフィール、製品および事業内容に関する主要な考察、最近の動向、主要な市場戦略も提供しています。

The military vehicle electrification market is estimated at USD 3.47 billion in 2025 and is projected to reach USD 6.82 billion by 2030 at a CAGR of 14.5% from 2025 to 2030. The military vehicle electrification market is driven by technological advancements, strategic imperatives, and an emphasis on sustainability. Over the past few years, there has been a shift toward integrating electric propulsion systems in military vehicles to enhance operational efficiency, reduce dependence on traditional fuel sources, and address environmental concerns. Advancements in battery technology, such as the development of high-energy-density solutions and improved safety features, are pivotal in extending the range and endurance of electric military vehicles.

軍用車両の電動化市場は、2025年には34億7,000万米ドルに達すると推定されており、2025年から2030年にかけて年平均成長率(CAGR)14.5%で成長し、2030年には68億2,000万米ドルに達すると予測されています。軍用車両の電動化市場は、技術の進歩、戦略的要請、そして持続可能性への重点によって推進されています。ここ数年、運用効率の向上、従来の燃料源への依存度の低減、そして環境問題への対応を目的として、軍用車両への電動推進システムの統合へと移行が進んでいます。高エネルギー密度ソリューションの開発や安全機能の向上といったバッテリー技術の進歩は、電動軍用車両の航続距離と耐久性の延長に不可欠です。

軍用車両の電動化市場 - 2030年までの世界予測
military-vehicle-electrification-market

The power generation systems segment is the second-largest segment of the market by system. Based on system, the military vehicle electrification market has been segmented into power generation systems, cooling systems, energy storage systems, traction drive systems/propulsion systems, power conversion systems, and transmission systems. The power generation systems segment is expected to experience significant growth in the military vehicle electrification market due to a combination of factors that include technological advancements, operational advantages, and strategic imperatives. The integration of electric power generation systems with military trucks makes them more versatile and efficient as a whole. The systems involve sophisticated generators and onboard energy storage systems, which allow vehicles to generate and store electricity onboard. They provide increased responsiveness and power delivery flexibility to military mission-critical equipment and systems, making military trucks operationally capable.

The command and control vehicles segment is the fastest-growing segment of the market by support vehicles.  The command and control (C2) vehicles segment is expected to grow at the fastest rate in the military vehicle electrification market by support vehicles. C2 vehicles are key enablers of contemporary military operations as mobile command centers that support communication, coordination, and decision-making. Electrification of these vehicles has some inherent benefits like less noise, more stealth, and better mobility, which are imperative for efficient command and control in varied operating environments. Electric C2 vehicles support better operational effectiveness and responsiveness. Electric drive systems facilitate rapid acceleration, deceleration, and agile maneuvering, enabling rapid redeployment and repositioning within the battlefield. Also, the lower maintenance needs of electric drivetrains support greater vehicle availability, as C2 vehicles are available to be deployed upon demand.

Europe is the fastest-growing military vehicle electrification market.

Europe is projected to grow at the fastest rate in the military vehicle electrification market. The need for modernizing capabilities has compelled the countries in this region to invest significantly in the adoption of military vehicle electrification technologies such as hybrid electric drives, fuel cells, batteries, and fully electric vehicles. Leonardo S.p.A. (Italy) and BAE Systems (UK) are among the key players operating in the military vehicle electrification market in the region.

Break-up of profiles of primary participants in the military vehicle electrification market:

  • By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
  • By Designation: C-Level Executives- 35%, Director Level- 25%, and Others- 40%  By
  • Region: North America- 25%, Europe- 15%,  Asia Pacific- 40%, Middle East- 15%, Rest of the World – 15%

Prominent companies in the military vehicle electrification market are Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), and Leonardo S.p.A. (Italy), among others.

軍用車両の電動化市場 - 2030年までの世界予測 ecosystem
military-vehicle-electrification-market-ecosystem

Research coverage: The market study covers the military vehicle electrification market across segments. It aims to estimate the market size and the growth potential of this market across different segments, such as system, platform, technology, mode of operation, voltage, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying this report: This report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall military vehicle electrification market and its subsegments. The report covers the entire ecosystem of the military vehicle electrification industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

  • Analysis of Key Drivers (Advanced modern battlefield requirements, rising demand for electric power sources for military vehicles, increasing development of autonomous and unmanned military vehicles, and growing defense expenditures worldwide) Restraints (Need for balanced power-to-weight ratio, limited range of military electric vehicles, and high cost of fuel cell electric vehicles) Opportunities (Growing demand for hydrogen fuel cell systems) and Challenges (Lifecycle and durability issues of integrated systems and lack of standardized charging protocols) that impact the growth of the military vehicle electrification market.
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the military vehicle electrification market
  • Market Development: Comprehensive information about lucrative markets – analysis of the military vehicle electrification market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the military vehicle electrification market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), and Leonardo S.p.A. (Italy) in the military vehicle electrification market

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKETS COVERED       29

1.3.2        YEARS CONSIDERED      30

1.4           INCLUSIONS AND EXCLUSIONS 30

1.5           CURRENCY CONSIDERED            31

1.6           STAKEHOLDERS               32

1.7           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.1.1    Secondary sources                36

2.1.1.2    Key data from secondary sources       36

2.1.2        PRIMARY DATA 37

2.1.2.1    Breakdown of primary interviews      37

2.2           RESEARCH APPROACH AND METHODOLOGY    38

2.2.1        BOTTOM-UP APPROACH              38

2.2.1.1    Market size estimation methodology: Bottom-up Approach                 38

2.2.2        TOP-DOWN APPROACH                39

2.3           FACTOR ANALYSIS          39

2.3.1        INTRODUCTION              39

2.3.2        DEMAND-SIDE INDICATORS      40

2.3.2.1    Strategic mobility requirements         40

2.3.2.2    Operational flexibility          40

2.3.2.3    Fuel efficiency and logistical considerations    40

2.3.2.4    Environmental sustainability goals    40

2.3.3        SUPPLY-SIDE INDICATORS          40

2.3.3.1    Financial trends of major defense contractors 40

2.4           MARKET TRIANGULATION          41

2.4.1        DATA TRIANGULATION                41

2.5           RESEARCH LIMITATIONS             42

2.6           RESEARCH ASSUMPTIONS           42

2.7           RISK ANALYSIS  43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       47

4.1           ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MILITARY VEHICLE ELECTRIFICATION MARKET         47

4.2           MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE            47

4.3           MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION  48

4.4           MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM         48

4.5           MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION                49

5               MARKET OVERVIEW       50

5.1           INTRODUCTION              50

5.2           MARKET DYNAMICS       51

5.2.1        DRIVERS               51

5.2.1.1    Modern battlefield requirements       51

5.2.1.2    Elevated demand for electric power sources    52

5.2.1.3    Advancements in autonomous vehicle technology          52

5.2.1.4    Rise in global defense expenditures   52

5.2.2        RESTRAINTS      53

5.2.2.1    Need for balanced power-to-weight ratio         53

5.2.2.2    Limited range of military electric vehicles        54

5.2.2.3    Substantial procurement and retrofit costs      54

5.2.3        OPPORTUNITIES              54

5.2.3.1    Surge in demand for hydrogen fuel cell systems              54

5.2.3.2    Development of modular hybrid-electric architectures  55

5.2.4        CHALLENGES    55

5.2.4.1    Lifecycle and durability constraints   55

5.2.4.2    Lack of standardized charging protocols           56

5.3           ECOSYSTEM ANALYSIS  56

5.3.1        PROMINENT COMPANIES            56

5.3.2        PRIVATE AND SMALL ENTERPRISES        56

5.3.3        END USERS         56

5.4           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESSES       58

5.5           TECHNOLOGY ANALYSIS             59

5.5.1        KEY TECHNOLOGIES     59

5.5.1.1    Additive manufacturing       59

5.5.1.2    Computerized weapon systems          59

5.5.2        COMPLEMENTARY TECHNOLOGIES       59

5.5.2.1    Modular open systems architecture   59

5.5.3        ADJACENT TECHNOLOGIES       60

5.5.3.1    Silent mobility technologies                60

5.5.3.2    Wireless battlefield charging systems                60

5.6           VALUE CHAIN ANALYSIS               61

5.7           CASE STUDY ANALYSIS 62

5.7.1        MAIN BATTLE TANK ELECTRIFICATION               62

5.7.2        RECONNAISSANCE VEHICLE ELECTRIFICATION                 62

5.7.3        LOGISTICS VEHICLE ELECTRIFICATION                63

5.7.4        UNMANNED GROUND VEHICLE ELECTRIFICATION                 63

5.8           OPERATIONAL DATA     64

5.9           PRICING ANALYSIS          64

5.9.1        AVERAGE SELLING PRICE, BY BATTERY 64

5.9.2        AVERAGE SELLING PRICE, BY REGION   65

5.10         TRADE ANALYSIS             67

5.10.1      IMPORT SCENARIO (HS CODE 8506)        67

5.10.2      EXPORT SCENARIO (HS CODE 8506)        68

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     69

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           69

5.11.2      BUYING CRITERIA           70

5.12         KEY CONFERENCES AND EVENTS, 2025  71

5.13         REGULATORY LANDSCAPE         72

5.14         TECHNOLOGY ROADMAP            75

5.15         BILL OF MATERIALS       76

5.16         TOTAL COST OF OWNERSHIP   77

5.17         BUSINESS MODELS         79

5.18         INVESTMENT AND FUNDING SCENARIO               81

5.19         MACROECONOMIC OUTLOOK  82

5.19.1      INTRODUCTION              82

5.19.2      NORTH AMERICA             82

5.19.3      EUROPE               83

5.19.4      ASIA PACIFIC     83

5.19.5      MIDDLE EAST   84

5.19.6      LATIN AMERICA                84

5.19.7      AFRICA 85

6               INDUSTRY TRENDS         86

6.1           INTRODUCTION              86

6.2           TECHNOLOGY TRENDS                86

6.2.1        BATTERY SOURCES AND TYPES                86

6.2.1.1    Lithium-ion batteries           86

6.2.1.2    Lead-acid batteries               87

6.2.1.3    Nickel metal hydride batteries            87

6.2.1.4    Solid-state batteries              87

6.2.2        ADVANCED INTEGRATED COMMUNICATIONS AND NETWORK SYSTEMS       88

6.2.3        LIGHTWEIGHT MATERIALS AND DESIGNS           88

6.2.4        VEHICLE-TO-GRID (V2G) INTEGRATION              89

6.2.5        ADVANCED THERMAL MANAGEMENT SOLUTIONS                 89

6.2.6        SILENT MOBILITY AND SIGNATURE REDUCTION TECHNOLOGIES               90

6.2.7        HYDROGEN FUEL CELLS               90

6.3           IMPACT OF MEGATRENDS          90

6.3.1        AUTONOMOUS VEHICLES IN MILITARY                 90

6.3.2        POLICIES SUPPORTING BATTERY AND HYDROGEN TECHNOLOGIES               91

6.4           SUPPLY CHAIN ANALYSIS             91

6.5           INNOVATIONS AND PATENT REGISTRATIONS  92

6.6           IMPACT OF AI   95

6.6.1        INTRODUCTION              95

6.6.2        IMPACT OF AI ON DEFENSE INDUSTRY 95

6.6.3        ADOPTION OF AI IN MILITARY BY TOP COUNTRIES                 96

6.6.4        IMPACT OF AI ON MILITARY VEHICLE ELECTRIFICATION MARKET       97

7               IMPACT OF US 2025 TARIFF: OVERVIEW                99

7.1           INTRODUCTION              99

7.2           KEY TARIFF RATES          100

7.3           PRICE IMPACT ANALYSIS             101

7.4           IMPACT ON COUNTRY/REGION                102

7.4.1        US           102

7.4.2        EUROPE               103

7.4.2.1    Strategies of European Manufacturers              103

7.4.3        ASIA PACIFIC     104

7.4.3.1    Strategies of Asia Pacific Manufacturers          104

7.5           IMPACT ON END USERS                104

8               MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM         106

8.1           INTRODUCTION              107

8.2           COMBAT VEHICLES        108

8.2.1        MAIN BATTLE TANKS    109

8.2.1.1    Operate effectively in wide range of terrains   109

8.2.2        INFANTRY FIGHTING VEHICLES               109

8.2.2.1    Ideal for hybrid-electric or fully electric upgrades           109

8.2.3        WEAPON SYSTEMS ARMORED PERSONNEL CARRIERS                 109

8.2.3.1    Need for versatile and mobile combat platforms to drive growth                 109

8.2.4        ARMORED AMPHIBIOUS VEHICLES         110

8.2.4.1    Rapid and efficient deployment of military capabilities from sea to shore to drive growth      110

8.2.5        MINE RESISTANT AMBUSH PROTECTED VEHICLES                 110

8.2.5.1    Used to carry out patrol and combat operations              110

8.2.6        LIGHT ARMORED VEHICLES       110

8.2.6.1    Offer a strategic advantage in border patrolling              110

8.2.7        SELF-PROPELLED HOWITZERS 111

8.2.7.1    Strategically advantageous in modern warfare 111

8.2.8        MORTAR CARRIERS         111

8.2.8.1    Provide rapid and responsive artillery support to ground forces                 111

8.2.9        AIR DEFENSE VEHICLES                111

8.2.9.1    Ability to respond dynamically to airborne threats to drive growth                 111

8.3           SUPPORT VEHICLES       112

8.3.1        SUPPLY TRUCKS               112

8.3.1.1    Fuel trucks             113

8.3.1.1.1 Support diverse fleets of military vehicles        113

8.3.1.2    Ambulances           114

8.3.1.2.1 Offer rapid response, energy efficiency, and adaptability to various operational environments      114

8.3.1.3    Ammunition replenishment vehicles 114

8.3.1.3.1 Enhanced tactical flexibility to drive growth    114

8.3.2        COMMAND AND CONTROL VEHICLES   114

8.3.2.1    Network-centric warfare to drive growth          114

8.3.3        REPAIR AND RECOVERY VEHICLES          115

8.3.3.1    On-spot maintenance, recovery, and towing capabilities to drive growth    115

8.3.4        OTHER SUPPORT VEHICLES       115

8.4           UNMANNED ARMORED VEHICLES           115

8.4.1        OFFER AUTONOMY AND VERSATILITY 115

9               MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION  116

9.1           INTRODUCTION              117

9.2           MANNED VEHICLES        118

9.2.1        COST-EFFECTIVE ALTERNATIVE BY LEVERAGING EXISTING HUMAN EXPERTISE   118

9.3           AUTONOMOUS/SEMI-AUTONOMOUS   118

9.3.1        TO REVOLUTIONIZE MILITARY LOGISTICS, RECONNAISSANCE, AND SURVEILLANCE              118

10            MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM                119

10.1         INTRODUCTION              120

10.2         POWER GENERATION SYSTEMS                121

10.2.1      ENGINES/GENERATORS               121

10.2.1.1  Facilitate rapid recharging of vehicle batteries                 121

10.2.1.2  Use case: Generator system in Oshkosh’s L-ATV Hybrid for mission-ready power redundancy      121

10.2.2      GENERATOR CONTROLLERS      122

10.2.2.1  Enable seamless transitions between electric-only, hybrid, and generator-powered modes  122

10.2.2.2  Use case: Generator controller in GM Defense eISV for real-time power coordination               122

10.2.3      AIR INDUCTION SYSTEMS            122

10.2.3.1  Contribute to improved combustion efficiency                122

10.2.3.2  Use case: Air induction system in BAE Systems’ Hybrid Bradley for thermal efficiency and motor cooling          122

10.2.4      TRACTION MOTORS/PROPULSION MOTORS      123

10.2.4.1  Contribute to overall agility and maneuverability of military platforms                123

10.2.4.2  Use case: Traction motors in GM Defense eISV for lightweight, all-electric mobility               123

10.3         COOLING SYSTEMS        124

10.3.1      HEAT EXCHANGERS       124

10.3.1.1  Dissipate excess heat generated during vehicle operation                 124

10.3.2      FANS     124

10.3.2.1  Contribute to overall reliability and longevity of vehicle’s electrical and electronic systems        124

10.4         ENERGY STORAGE SYSTEMS      125

10.4.1      BATTERIES         125

10.4.1.1  Use case: Battery system in BAE Systems’ Hybrid Bradley for silent and endurance operations         125

10.4.1.2  Lead-acid batteries               126

10.4.1.2.1                Lower upfront cost than alternative technologies                 126

10.4.1.3  Nickel metal hydride batteries            126

10.4.1.3.1                Withstand demanding operational conditions 126

10.4.1.4  Lithium-ion batteries/Lithium-polymer batteries           127

10.4.1.4.1                Higher energy-to-weight ratio than lead-acid batteries                 127

10.4.1.5  Solid-state batteries              127

10.4.1.5.1                Higher energy storage capacity within compact and lightweight form factors      127

10.4.1.6  Other batteries      127

10.4.2      FUEL CELLS        127

10.4.2.1  Offer extended operational ranges than batteries           127

10.4.2.2  Use case: Fuel cell system in GM Defense ZH2 for stealth and extended reconnaissance missions    128

10.5         TRACTION DRIVE SYSTEMS        128

10.5.1      EX-DRIVE SYSTEMS         128

10.5.1.1  Allow for seamless integration with various power sources                 128

10.5.1.2  Use case: E-X-Drive® electric drive system by RENK in tracked military vehicles for enhanced mobility and efficiency   129

10.5.2      TRACTION CONTROLLERS          129

10.5.2.1  Enable seamless transitions between various operating modes                 129

10.5.2.2  Use case: Traction controller in GM Defense eISV for torque coordination and terrain adaptation  129

10.5.3      FINAL DRIVES   130

10.5.3.1  Modulate torque at wheel level           130

10.5.3.2  Use case: Final drive in BAE Systems’ hybrid AMPV for load transmission and survivability            130

10.6         POWER CONVERSION SYSTEMS 130

10.6.1      DC-DC CONVERTERS     130

10.6.1.1  Increased applications in hybrid vehicles to drive growth                 130

10.6.1.2  Use case: DC-DC converter in GM Defense’s electric light reconnaissance vehicle         131

10.6.2      POWER INVERTERS         131

10.6.2.1  Seamless integration of renewable energy sources to drive growth                 131

10.6.3      ON-BOARD CHARGERS (ALTERNATORS)              131

10.6.3.1  Energy conservation capabilities to drive growth            131

10.6.3.2  Use case: On-board charger in Oshkosh eJLTV for hybrid tactical operations              132

10.7         TRANSMISSION SYSTEMS             132

10.7.1      PRODUCE DIFFERENT ROTATION RATIOS BETWEEN DRIVE MOTOR AND DRIVE WHEELS       132

10.7.1.1  Use case: Transmission system in General Dynamics’ electric infantry carrier for tactical mobility  133

11            MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY  134

11.1         INTRODUCTION              135

11.2         HYBRID                136

11.2.1      COMPATIBLE WITH MODULAR UPGRADES, NETWORKED WARFARE, AND DECARBONIZATION MANDATES                 136

11.3         FULLY ELECTRIC              136

11.3.1      OPERATES WITH ZERO ENGINE NOISE AND MINIMAL THERMAL SIGNATURE  136

12            MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE            137

12.1         INTRODUCTION              138

12.2         LOW VOLTAGE (LESS THAN 50 V)             139

12.2.1      DEMAND FOR COMPACTNESS AND AGILITY TO DRIVE GROWTH             139

12.3         MEDIUM VOLTAGE (50–600 V)   139

12.3.1      ALLOWS SEAMLESS INTEGRATION WITH DIFFERENT ELECTRONIC SYSTEMS 139

12.4         HIGH VOLTAGE (MORE THAN 600 V)      139

12.4.1      INCREASED POWER OUTPUT AND FASTER CHARGING TO DRIVE GROWTH        139

13            MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION                140

13.1         INTRODUCTION              141

13.2         NORTH AMERICA             142

13.2.1      PESTLE ANALYSIS            142

13.2.2      US           147

13.2.2.1  Electrification of all non-combat vehicles by 2035 to drive growth                 147

13.2.3      CANADA               148

13.2.3.1  Military modernization programs to drive growth           148

13.3         EUROPE               149

13.3.1      PESTLE ANALYSIS            150

13.3.2      UK          154

13.3.2.1  Integration of electrically powered systems for land forces through Project Mercury to drive growth         154

13.3.3      FRANCE                155

13.3.3.1  Procurement of new-generation combat vehicles to drive growth                 155

13.3.4      GERMANY           156

13.3.4.1  Presence of major military vehicle manufacturers to drive growth                 156

13.3.5      ITALY    158

13.3.5.1  Defense Energy Strategy for enhanced energy efficiency to drive growth    158

13.3.6      REST OF EUROPE             159

13.4         ASIA PACIFIC     160

13.4.1      PESTLE ANALYSIS            160

13.4.2      INDIA    165

13.4.2.1  Inclusion of electric vehicles in military fleet to drive growth                 165

13.4.3      JAPAN   166

13.4.3.1  R&D initiatives in partnership with US to drive growth                 166

13.4.4      AUSTRALIA         167

13.4.4.1  Modernization of military vehicle fleet to drive growth 167

13.4.5      SOUTH KOREA  169

13.4.5.1  Investments in advanced battery technologies to drive market                 169

13.5         MIDDLE EAST   170

13.5.1      PESTLE ANALYSIS            170

13.5.2      GULF COOPERATION COUNCIL (GCC)  175

13.5.2.1  Saudi Arabia          175

13.5.2.1.1                Procurement of new-generation armored vehicles to drive growth          175

13.5.3      REST OF MIDDLE EAST 177

13.5.3.1  Israel       177

13.5.3.2  Turkey    178

13.6         REST OF THE WORLD    179

13.6.1      PESTLE ANALYSIS            179

13.7         LATIN AMERICA                184

13.7.1      BRAZIL 184

13.7.1.1  Modernization of armed forces to drive growth               184

13.7.2      MEXICO                185

13.7.2.1  Increased military budget to drive market        185

13.8         AFRICA 187

13.8.1      SOUTH AFRICA 187

13.8.1.1  Weapon upgrades through Project African Warrior to drive growth    187

14            COMPETITIVE LANDSCAPE         189

14.1         INTRODUCTION              189

14.2         STRATEGIES ADOPTED BY KEY PLAYERS              189

14.3         MARKET SHARE ANALYSIS, 2024                 191

14.4         REVENUE ANALYSIS, 2021–2024  194

14.5         COMPANY EVALUATION MATRIX, 2024  194

14.5.1      STARS   194

14.5.2      EMERGING LEADERS     194

14.5.3      PERVASIVE PLAYERS      194

14.5.4      PARTICIPANTS 194

14.5.5      COMPANY FOOTPRINT 196

14.6         STARTUP/SME EVALUATION MATRIX, 2024          199

14.6.1      PROGRESSIVE COMPANIES         199

14.6.2      RESPONSIVE COMPANIES            199

14.6.3      DYNAMIC COMPANIES  199

14.6.4      STARTING BLOCKS         199

14.7         COMPANY VALUATION AND FINANCIAL METRICS                 203

14.8         BRAND/PRODUCT COMPARISON             204

14.8.1      COMPETITIVE SCENARIO             205

14.8.1.1  Product launches  205

14.8.1.2  Deals      207

14.8.1.3  Others    209

15            COMPANY PROFILES      214

15.1         KEY PLAYERS     214

15.1.1      OSHKOSH CORPORATION           214

15.1.1.1  Business overview 214

15.1.1.2  Products offered   215

15.1.1.3  Recent developments           216

15.1.1.4  MnM view              217

15.1.1.4.1                Right to win           217

15.1.1.4.2                Strategic choices   217

15.1.1.4.3                Weaknesses and competitive threats 217

15.1.2      GM DEFENSE, LLC           218

15.1.2.1  Business overview 218

15.1.2.2  Products offered   219

15.1.2.3  Recent developments           219

15.1.2.4  MnM view              221

15.1.2.4.1                Right to win           221

15.1.2.4.2                Strategic choices   221

15.1.2.4.3                Weaknesses and competitive threats 221

15.1.3      GENERAL DYNAMICS CORPORATION    222

15.1.3.1  Business overview 222

15.1.3.2  Products offered   223

15.1.3.3  Recent developments           223

15.1.3.4  MnM view              224

15.1.3.5  Right to win           224

15.1.3.5.1                Strategic choices   224

15.1.3.5.2                Weaknesses and competitive threats 224

15.1.4      BAE SYSTEMS    225

15.1.4.1  Business overview 225

15.1.4.2  Products offered   226

15.1.4.3  Recent developments           226

15.1.4.4  MnM view              227

15.1.4.4.1                Right to win           227

15.1.4.4.2                Strategic choices   227

15.1.4.4.3                Weaknesses and competitive threats 227

15.1.5      LEONARDO S.P.A.            228

15.1.5.1  Business overview 228

15.1.5.2  Products offered   229

15.1.5.3  Recent developments           230

15.1.5.4  MnM view              230

15.1.5.4.1                Right to win           230

15.1.5.4.2                Strategic choices   230

15.1.5.4.3                Weaknesses and competitive threats 230

15.1.6      TEXTRON INC.  231

15.1.6.1  Business overview 231

15.1.6.2  Products offered   232

15.1.6.3  Recent developments           233

15.1.7      ST ENGINEERING             234

15.1.7.1  Business overview 234

15.1.7.2  Products offered   235

15.1.7.3  Recent developments           235

15.1.8      QINETIQ              236

15.1.8.1  Business overview 236

15.1.8.2  Products offered   237

15.1.8.3  Recent developments           238

15.1.9      POLARIS INDUSTRIES INC.           239

15.1.9.1  Business overview 239

15.1.9.2  Products offered   240

15.1.9.3  Recent developments           240

15.1.10   ASELSAN A.S.     241

15.1.10.1                 Business overview 241

15.1.10.2                 Products offered   242

15.1.10.3                 Recent developments           242

15.1.11   OTOKAR AUTOMOTIVE AND DEFENSE INDUSTRY INC.                 243

15.1.11.1                 Business overview 243

15.1.11.2                 Products offered   244

15.1.12   RHEINMETALL AG           245

15.1.12.1                 Business overview 245

15.1.12.2                 Products offered   246

15.1.12.3                 Recent developments           246

15.1.13   THALES                249

15.1.13.1                 Business overview 249

15.1.13.2                 Products offered   250

15.1.13.3                 Recent developments           251

15.1.14   KNDS N.V.           253

15.1.14.1                 Business overview 253

15.1.14.2                 Products offered   254

15.1.14.3                 Recent developments           255

15.1.15   FFG FLENSBURGER FAHRZEUGBAU GESELLSCHAFT MBH      257

15.1.15.1                 Business overview 257

15.1.15.2                 Products offered   257

15.2         OTHER PLAYERS              258

15.2.1      ARQUUS               258

15.2.2      EPSILOR ELECTRIC FUEL LTD.  259

15.2.3      UKROBORONPROM        260

15.2.4      MILREM ROBOTICS         261

15.2.5      AM GENERAL     262

15.2.6      HIGHLAND SYSTEMS     263

15.2.7      ALKE     264

15.2.8      MEGA ENGINEERING VEHICLES INC.      264

15.2.9      FNSS      265

16            APPENDIX           266

16.1         DISCUSSION GUIDE        266

16.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                269

16.3         CUSTOMIZATION OPTIONS        271

16.4         RELATED REPORTS         271

16.5         AUTHOR DETAILS           272

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 30

TABLE 2                USD EXCHANGE RATES, 2021–2024            32

TABLE 3                PRIMARY DATA 37

TABLE 4                ROLE OF COMPANIES IN ECOSYSTEM    57

TABLE 5               MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2021–2024 (UNITS)            64

TABLE 6               MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2025–2030 (UNITS)            64

TABLE 7                AVERAGE SELLING PRICE OF MILITARY VEHICLE ELECTRIFICATION, BY BATTERY,  2024 (USD THOUSAND)      64

TABLE 8                AVERAGE SELLING PRICE OF BATTERIES, BY REGION, 2024 (USD THOUSAND)              65

TABLE 9                IMPORT DATA FOR HS CODE 8506-COMPLIANT PRODUCTS, BY COUNTRY,  2021–2024 (USD THOUSAND)                 68

TABLE 10              EXPORT DATA FOR HS CODE 8506-COMPLIANT PRODUCTS, BY COUNTRY,  2021–2024 (USD THOUSAND)                 69

TABLE 11              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM (%)      70

TABLE 12              KEY BUYING CRITERIA, BY PLATFORM  71

TABLE 13              KEY CONFERENCES AND EVENTS, 2025  71

TABLE 14              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 72

TABLE 15              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           72

TABLE 16              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 73

TABLE 17              MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 74

TABLE 18              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 74

TABLE 19              BILL OF MATERIALS FOR MILITARY VEHICLE ELECTRIFICATION          77

TABLE 20              TOTAL COST OF OWNERSHIP FOR MILITARY VEHICLE ELECTRIFICATION       78

TABLE 21              BUSINESS MODELS FOR MILITARY VEHICLE ELECTRIFICATION          80

TABLE 22              COMPARISON BETWEEN BATTERIES      88

TABLE 23              INNOVATIONS AND PATENT REGISTRATIONS, 2014–2023              93

TABLE 24              US ADJUSTED RECIPROCAL TARIFF RATES                 100

TABLE 25              KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR MILITARY VEHICLE ELECTRIFICATION        100

TABLE 26              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END USERS DUE TO TARIFF IMPACT             101

TABLE 27             MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2021–2024 (USD MILLION)             107

TABLE 28             MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2025–2030 (USD MILLION)             107

TABLE 29             MILITARY VEHICLE ELECTRIFICATION MARKET, BY COMBAT VEHICLES,  2021–2024 (USD MILLION)         108

TABLE 30             MILITARY VEHICLE ELECTRIFICATION MARKET, BY COMBAT VEHICLES,  2025–2030 (USD MILLION)         108

TABLE 31             MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPORT VEHICLES,  2021–2024 (USD MILLION)       112

TABLE 32             MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPORT VEHICLES,  2025–2030 (USD MILLION)       112

TABLE 33             MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPLY TRUCKS,  2021–2024 (USD MILLION)               113

TABLE 34             MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPLY TRUCKS,  2025–2030 (USD MILLION)               113

TABLE 35             MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION,  2021–2024 (USD MILLION)  117

TABLE 36             MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION,  2025–2030 (USD MILLION)  117

TABLE 37             MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM, 2021–2024 (USD MILLION)   120

TABLE 38             MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM, 2025–2030 (USD MILLION)   121

TABLE 39             MILITARY VEHICLE ELECTRIFICATION MARKET, BY ENERGY STORAGE SYSTEMS,  2021–2024 (USD MILLION)                 125

TABLE 40             MILITARY VEHICLE ELECTRIFICATION MARKET, BY ENERGY STORAGE SYSTEMS,  2025–2030 (USD MILLION)                 125

TABLE 41             MILITARY VEHICLE ELECTRIFICATION MARKET, BY BATTERIES, 2021–2024 (USD MILLION)             126

TABLE 42             MILITARY VEHICLE ELECTRIFICATION MARKET, BY BATTERIES, 2025–2030 (USD MILLION)             126

TABLE 43             MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)  135

TABLE 44             MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)  135

TABLE 45             MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE, 2021–2024 (USD MILLION)                138

TABLE 46             MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE, 2025–2030 (USD MILLION)                138

TABLE 47             MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION)   141

TABLE 48             MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION, 2025–2030 (USD MILLION)   142

TABLE 49              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,  2021–2024 (USD MILLION)            144

TABLE 50              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,  2025–2030 (USD MILLION)            145

TABLE 51              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            145

TABLE 52              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            145

TABLE 53              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)            145

TABLE 54              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)            146

TABLE 55              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 146

TABLE 56              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 146

TABLE 57              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)       146

TABLE 58              NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)       147

TABLE 59              US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     147

TABLE 60              US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     147

TABLE 61              US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 148

TABLE 62              US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION) 148

TABLE 63              CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            148

TABLE 64              CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            149

TABLE 65              CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 149

TABLE 66              CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 149

TABLE 67              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,  2021–2024 (USD MILLION)            151

TABLE 68              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,  2025–2030 (USD MILLION)            152

TABLE 69              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            152

TABLE 70              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            152

TABLE 71              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)            152

TABLE 72              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)            153

TABLE 73              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 153

TABLE 74              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 153

TABLE 75              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION,  2021–2024 (USD MILLION)       153

TABLE 76              EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION,  2025–2030 (USD MILLION)       154

TABLE 77              UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     154

TABLE 78              UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     154

TABLE 79              UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 155

TABLE 80              UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 155

TABLE 81              FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     155

TABLE 82              FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     156

TABLE 83              FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 156

TABLE 84              FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 156

TABLE 85              GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            157

TABLE 86              GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            157

TABLE 87              GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 157

TABLE 88              GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 157

TABLE 89              ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     158

TABLE 90              ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     158

TABLE 91              ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 158

TABLE 92              ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 159

TABLE 93              REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            159

TABLE 94              REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            159

TABLE 95              REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 160

TABLE 96              REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 160

TABLE 97              ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,  2021–2024 (USD MILLION)            162

TABLE 98              ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,  2025–2030 (USD MILLION)            163

TABLE 99              ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            163

TABLE 100            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            163

TABLE 101            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)            163

TABLE 102            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)            164

TABLE 103            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 164

TABLE 104            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 164

TABLE 105            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)       164

TABLE 106            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)       165

TABLE 107            INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     165

TABLE 108            INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     165

TABLE 109            INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 166

TABLE 110            INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 166

TABLE 111            JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     166

TABLE 112            JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     167

TABLE 113            JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 167

TABLE 114            JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 167

TABLE 115            AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            168

TABLE 116            AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            168

TABLE 117            AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 168

TABLE 118            AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 168

TABLE 119            SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            169

TABLE 120            SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            169

TABLE 121            SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 169

TABLE 122            SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 170

TABLE 123            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION,  2021–2024 (USD MILLION)            172

TABLE 124            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION,  2025–2030 (USD MILLION)            172

TABLE 125            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY GCC,  2021–2024 (USD MILLION)            172

TABLE 126            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY GCC,  2025–2030 (USD MILLION)            172

TABLE 127            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY REST OF MIDDLE EAST, 2021–2024 (USD MILLION)       173

TABLE 128            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY REST OF MIDDLE EAST, 2025–2030 (USD MILLION)       173

TABLE 129            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            173

TABLE 130            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            173

TABLE 131            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)            174

TABLE 132            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)            174

TABLE 133            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 174

TABLE 134            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 174

TABLE 135            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)       175

TABLE 136            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)       175

TABLE 137            SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            176

TABLE 138            SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            176

TABLE 139            SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 176

TABLE 140            SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 176

TABLE 141            ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     177

TABLE 142            ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     177

TABLE 143            ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 177

TABLE 144            ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 178

TABLE 145            TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            178

TABLE 146            TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            178

TABLE 147            TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 179

TABLE 148            TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 179

TABLE 149            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION,  2021–2024 (USD MILLION)            181

TABLE 150            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION,  2025–2030 (USD MILLION)            182

TABLE 151            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2021–2024 (USD MILLION)            182

TABLE 152            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2025–2030 (USD MILLION)            182

TABLE 153            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2021–2024 (USD MILLION)            182

TABLE 154            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE,  2025–2030 (USD MILLION)            183

TABLE 155            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            183

TABLE 156            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            183

TABLE 157            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)       183

TABLE 158            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)       184

TABLE 159            BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     184

TABLE 160            BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     185

TABLE 161            BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 185

TABLE 162            BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 185

TABLE 163            MEXICO: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)     186

TABLE 164            MEXICO: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)     186

TABLE 165            MEXICO: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION)                 186

TABLE 166            MEXICO: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION)                 186

TABLE 167            SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2021–2024 (USD MILLION)            187

TABLE 168            SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM,  2025–2030 (USD MILLION)            187

TABLE 169            SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2021–2024 (USD MILLION) 188

TABLE 170            SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY,  2025–2030 (USD MILLION) 188

TABLE 171            STRATEGIES ADOPTED BY KEY PLAYERS IN MILITARY VEHICLE ELECTRIFICATION MARKET               189

TABLE 172            MILITARY VEHICLE ELECTRIFICATION MARKET: DEGREE OF COMPETITION    192

TABLE 173            PLATFORM FOOTPRINT, 2024    197

TABLE 174            TECHNOLOGY FOOTPRINT, 2024              197

TABLE 175            REGION FOOTPRINT, 2024           198

TABLE 176            MILITARY VEHICLE ELECTRIFICATION MARKET: KEY STARTUPS/SMES 201

TABLE 177            MILITARY VEHICLE ELECTRIFICATION MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES                 202

TABLE 178            MILITARY VEHICLE ELECTRIFICATION MARKET: PRODUCT LAUNCHES,  JANUARY 2020–DECEMBER 2024        205

TABLE 179            MILITARY VEHICLE ELECTRIFICATION MARKET: DEALS, JANUARY 2020–FEBRUARY 2025               207

TABLE 180            MILITARY VEHICLE ELECTRIFICATION MARKET: OTHERS, JANUARY 2020–FEBRUARY 2025           209

TABLE 181            OSHKOSH CORPORATION: COMPANY OVERVIEW          214

TABLE 182            OSHKOSH CORPORATION: PRODUCTS OFFERED             215

TABLE 183            OSHKOSH CORPORATION: PRODUCT LAUNCHES          216

TABLE 184            OSHKOSH CORPORATION: OTHER DEVELOPMENTS              216

TABLE 185            GM DEFENSE, LLC: COMPANY OVERVIEW                 218

TABLE 186            GM DEFENSE, LLC: PRODUCTS OFFERED                 219

TABLE 187            GM DEFENSE, LLC: DEALS           219

TABLE 188            GM DEFENSE, LLC: OTHER DEVELOPMENTS                 220

TABLE 189            GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW   222

TABLE 190            GENERAL DYNAMICS CORPORATION: PRODUCTS OFFERED    223

TABLE 191            GENERAL DYNAMICS CORPORATION: OTHER DEVELOPMENTS              223

TABLE 192            BAE SYSTEMS: COMPANY OVERVIEW     225

TABLE 193            BAE SYSTEMS: PRODUCTS OFFERED      226

TABLE 194            BAE SYSTEMS: PRODUCT LAUNCHES     226

TABLE 195            BAE SYSTEMS: OTHER DEVELOPMENTS                 226

TABLE 196            LEONARDO S.P.A.: COMPANY OVERVIEW                 228

TABLE 197            LEONARDO S.P.A.: PRODUCTS OFFERED                 229

TABLE 198            LEONARDO S.P.A: OTHER DEVELOPMENTS                 230

TABLE 199            TEXTRON INC.: COMPANY OVERVIEW   231

TABLE 200            TEXTRON INC.: PRODUCTS OFFERED    232

TABLE 201            TEXTRON INC.: DEALS  233

TABLE 202            TEXTRON INC.: OTHER DEVELOPMENTS                 233

TABLE 203            ST ENGINEERING: COMPANY OVERVIEW                 234

TABLE 204            ST ENGINEERING: PRODUCTS OFFERED                 235

TABLE 205            ST ENGINEERING: PRODUCT LAUNCHES                 235

TABLE 206            QINETIQ: COMPANY OVERVIEW               236

TABLE 207            QINETIQ: PRODUCTS OFFERED                237

TABLE 208            QINETIQ: DEALS              238

TABLE 209            POLARIS INDUSTRIES INC.: COMPANY OVERVIEW          239

TABLE 210            POLARIS INDUSTRIES INC.: PRODUCTS OFFERED             240

TABLE 211            POLARIS INDUSTRIES INC.: PRODUCT LAUNCHES          240

TABLE 212            ASELSAN A.S.: COMPANY OVERVIEW      241

TABLE 213            ASELSAN A.S.: PRODUCTS OFFERED       242

TABLE 214            ASELSAN A.S.: DEALS      242

TABLE 215            OTOKAR AUTOMOTIVE AND DEFENSE INDUSTRY INC.: COMPANY OVERVIEW 243

TABLE 216            OTOKAR AUTOMOTIVE AND DEFENSE INDUSTRY INC.: PRODUCTS OFFERED  244

TABLE 217            RHEINMETALL AG: COMPANY OVERVIEW                 245

TABLE 218            RHEINMETALL AG: PRODUCTS OFFERED                 246

TABLE 219            RHEINMETALL AG: PRODUCT LAUNCHES                 246

TABLE 220            RHEINMETALL AG.: OTHER DEVELOPMENTS                 247

TABLE 221            THALES: COMPANY OVERVIEW 249

TABLE 222            THALES: PRODUCTS OFFERED 250

TABLE 223            THALES: PRODUCT LAUNCHES 251

TABLE 224            THALES: DEALS                251

TABLE 225            THALES: OTHER DEVELOPMENTS           251

TABLE 226            KNDS N.V.: COMPANY OVERVIEW            253

TABLE 227            KNDS N.V.: PRODUCTS OFFERED             254

TABLE 228            KNDS N.V.: DEALS            255

TABLE 229            KNDS N.V.: OTHER DEVELOPMENTS      256

TABLE 230            FFG FLENSBURGER FAHRZEUGBAU GESELLSCHAFT MBH: COMPANY OVERVIEW      257

TABLE 231            FFG FLENSBURGER FAHRZEUGBAU GESELLSCHAFT MBH: PRODUCTS OFFERED       257

TABLE 232            ARQUUS: COMPANY OVERVIEW                258

TABLE 233            EPSILOR ELECTRIC FUEL LTD.: COMPANY OVERVIEW          259

TABLE 234            UKROBORONPROM: COMPANY OVERVIEW                 260

TABLE 235            MILREM ROBOTICS: COMPANY OVERVIEW                 261

TABLE 236            AM GENERAL: COMPANY OVERVIEW     262

TABLE 237            HIGHLAND SYSTEMS: COMPANY OVERVIEW                 263

TABLE 238            ALKE: COMPANY OVERVIEW      264

TABLE 239            MEGA ENGINEERING VEHICLES INC.: COMPANY OVERVIEW          264

TABLE 240            FNSS: COMPANY OVERVIEW       265

LIST OF FIGURES

FIGURE 1              MILITARY VEHICLE ELECTRIFICATION MARKET SEGMENTATION              29

FIGURE 2              RESEARCH PROCESS FLOW         34

FIGURE 3              RESEARCH DESIGN         35

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              39

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                39

FIGURE 6              DATA TRIANGULATION                41

FIGURE 7              MEDIUM VOLTAGE SEGMENT TO HAVE LARGEST MARKET SHARE IN 2030             44

FIGURE 8              HYBRID SEGMENT TO ACCOUNT FOR LEADING MARKET SHARE IN 2030 45

FIGURE 9              MANNED SEGMENT TO ACCOUNT FOR LEADING MARKET SHARE IN 2030             45

FIGURE 10            NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025 46

FIGURE 11            GROWING INVESTMENTS, MILITARY MODERNIZATION PROGRAMS, AND TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET     47

FIGURE 12            MEDIUM VOLTAGE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    47

FIGURE 13            MANNED SEGMENT TO ACCOUNT FOR LEADING MARKET SHARE IN 2030             48

FIGURE 14            COMBAT VEHICLES SEGMENT TO BE DOMINANT DURING FORECAST PERIOD              48

FIGURE 15            NORTH AMERICA TO HAVE LARGEST MARKET SHARE IN 2030   49

FIGURE 16            MILITARY VEHICLE ELECTRIFICATION MARKET DYNAMICS          51

FIGURE 17            GLOBAL MILITARY EXPENDITURE, 2014–2024                 53

FIGURE 18            ECOSYSTEM ANALYSIS  57

FIGURE 19            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   58

FIGURE 20            VALUE CHAIN ANALYSIS               61

FIGURE 21            IMPORT DATA FOR HS CODE 8506-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2024 (USD MILLION)            67

FIGURE 22            EXPORT DATA FOR HS CODE 8506-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2024 (USD MILLION)            68

FIGURE 23            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PLATFORM              69

FIGURE 24            KEY BUYING CRITERIA, BY PLATFORM  70

FIGURE 25            TECHNOLOGY ROADMAP            75

FIGURE 26            BILL OF MATERIALS FOR COMBAT VEHICLES                 76

FIGURE 27            BILL OF MATERIALS FOR COMBAT SUPPORT VEHICLES            76

FIGURE 28            BILL OF MATERIALS FOR UNMANNED ARMORED VEHICLES     77

FIGURE 29            TOTAL COST OF OWNERSHIP FOR MILITARY VEHICLE ELECTRIFICATION       78

FIGURE 30            BUSINESS MODELS FOR MILITARY VEHICLE ELECTRIFICATION          79

FIGURE 31            INVESTMENT AND FUNDING SCENARIO, 2020–2024        81

FIGURE 32            MACROECONOMIC OUTLOOK FOR NORTH AMERICA, EUROPE, ASIA PACIFIC, MIDDLE EAST              82

FIGURE 33            MACROECONOMIC OUTLOOK FOR LATIN AMERICA AND AFRICA  84

FIGURE 34            SUPPLY CHAIN ANALYSIS             92

FIGURE 35            NUMBER OF PATENTS GRANTED FOR MILITARY VEHICLE ELECTRIFICATION MARKET, 2014–2023               93

FIGURE 36            IMPACT OF AI ON DEFENSE INDUSTRY 95

FIGURE 37            ADOPTION OF AI IN MILITARY BY TOP COUNTRIES        96

FIGURE 38            IMPACT OF AI ON MILITARY VEHICLE ELECTRIFICATION MARKET       98

FIGURE 39           MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2025–2030              107

FIGURE 40           MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION,

2025–2030              117

FIGURE 41           MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM, 2025–2030    120

FIGURE 42           MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2025–2030       135

FIGURE 43           MILITARY VEHICLE ELECTRIFICATION MARKET, BY VOLTAGE, 2025–2030                 138

FIGURE 44            NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       141

FIGURE 45            NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT                144

FIGURE 46            EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT                151

FIGURE 47            ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT                162

FIGURE 48            MIDDLE EAST: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT                171

FIGURE 49            REST OF THE WORLD: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT                181

FIGURE 50            MARKET SHARE OF KEY PLAYERS, 2024  191

FIGURE 51            REVENUE ANALYSIS OF KEY PLAYERS, 2019–2024 (USD MILLION) 194

FIGURE 52            COMPANY EVALUATION MATRIX, 2024  195

FIGURE 53            COMPANY FOOTPRINT, 2024      196

FIGURE 54            STARTUP/SME EVALUATION MATRIX, 2024                 200

FIGURE 55           VALUATION OF PROMINENT MARKET PLAYERS, 2025        203

FIGURE 56            FINANCIAL METRICS OF PROMINENT MARKET PLAYERS, 2025   203

FIGURE 57            BRAND/PRODUCT COMPARISON             204

FIGURE 58            OSHKOSH CORPORATION: COMPANY SNAPSHOT          215

FIGURE 59            GM DEFENSE, LLC: COMPANY SNAPSHOT                 218

FIGURE 60            GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT   222

FIGURE 61            BAE SYSTEMS: COMPANY SNAPSHOT     225

FIGURE 62            LEONARDO S.P.A.: COMPANY SNAPSHOT                 229

FIGURE 63            TEXTRON INC.: COMPANY SNAPSHOT  232

FIGURE 64            ST ENGINEERING: COMPANY SNAPSHOT                 234

FIGURE 65            QINETIQ: COMPANY SNAPSHOT               237

FIGURE 66            POLARIS INDUSTRIES INC.: COMPANY SNAPSHOT          239

FIGURE 67            ASELSAN A.S.: COMPANY SNAPSHOT      241

FIGURE 68            OTOKAR AUTOMOTIVE AND DEFENSE INDUSTRY INC.: COMPANY SNAPSHOT 243

FIGURE 69            RHEINMETALL AG: COMPANY SNAPSHOT                 245

FIGURE 70            THALES: COMPANY SNAPSHOT 250

FIGURE 71            KNDS N.V.: COMPANY SNAPSHOT            254