The Military Vehicle Electrification Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Military Vehicle Electrification Market?
The market size for military vehicle electrification has observed a swift expansion recently. It is projected to rise from $6.82 billion in 2024 to $8.05 billion in 2025, representing a compound annual growth rate (CAGR) of 18.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Military Vehicle Electrification Industry?
The Military Vehicle Electrification Global Market is predicted to reach a market size of $14.27 billion in 2029, with a compound annual growth rate (CAGR) of 15.4%.
Download Your Free Sample of the 2025 Military Vehicle Electrification Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Military Vehicle Electrification Market?
The key drivers in the military vehicle electrification market are:
• Enhancement in interoperability capabilities
• Expansion of adaptive charging infrastructure
• Increase in export opportunities for military vehicles
• Advancement in hydrogen fuel cells and renewable energy integration
Global Market Segmentation: Identifying Major Military Vehicle Electrification Industry Segments
The military vehicle electrification market covered in this report is segmented –
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
Pre-order the 2025 Military Vehicle Electrification Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Military Vehicle Electrification Market?
The key trends in the beer packaging market are:
• Hybrid and electric platforms are emerging as a significant trend.
• There is a rising trend in the development of next-generation batteries.
• Modular and adaptable systems are shaping the future of the military vehicle electrification market.
• The incorporation of artificial intelligence and autonomous features in military vehicles is an emerging trend.
Who Are the Top Competitors & Leading Players in the Military Vehicle Electrification Market?
Major companies in the military vehicle electrification market are:
• BAE Systems plc
• Arquus
• Leonardo S.p.A.
• Textron Inc.
• General Motors Company
• Oshkosh Corporation
• Ballard Power Systems Inc.
• AM General LLC
• Nikola Corporation
• Alke S.r.l.
• Aselsan A.S.
• Epsilor Electric Fuel Ltd.
• Flensberg Fahrzeugbau Gesellschaft mbH
• Kongsberg Gruppen
• Lockheed Martin Corporation
• Magna International Inc.
• Navistar International Corporation
• Otokar Otomotiv ve Savunma Sanayi A.S.
• Rheinmetall AG
• Ricardo plc
• Siemens AG
• Tata Motors Limited
• RTX Corporation
• Thales Group
• UQM Technologies Inc.
• Visedo Oy
• Wrightspeed Inc.
• XALT Energy LLC
Regional Dominance: Which Area Leads the Global Military Vehicle Electrification Market?
North America was the largest region in the military vehicle electrification market in 2024
