Global Military Vehicle Electrification Market

Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. The main types of military drones are fixed-wing, rotary-wing, and hybrid. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or autonomously by onboard systems. The different types of drones include MALE, HALE, TUAV, UCAV, SUAV and involve various technologies such as remotely operated, semi-autonomous, autonomous. It is used in search and rescue, national defense, military exercises, and others. The military drones market research report is one of a series of new reports from The Business Research Company that provides military drones market statistics, including military drones industry global market size, regional shares, competitors with a military drones market share, detailed military drones market segments, market trends and opportunities, and any further data you may need to thrive in the military drones industry. This military drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global military drones market size will grow from $14.54 billion in 2022 to $15.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military drones market size is expected to grow to $20.64 billion in 2027 at a CAGR of 6.8%. Increasing government funding for military drones to enhance efficiency in military operations boosts the demand for the production of military drones. For instance, in May 2021, according to an article published by the National Defense Industrial Association, a US-based trade association for the United States’ government and defense industry, in fiscal year 2021, the US Defense Department allotted $7.5 billion for a range of robotic platforms and associated technologies. For the purchase of unmanned systems, the Navy and Air Force each received about $1.1 billion; the Army received $885 million, the Marine Corps $70 million, and SOCOM $90 million. Hence, the increasing government spending on unmanned drones is driving the military drone market. Production and delivery are the two factors likely to limit the development of the military drone market during 2020. The COVID-19 outbreak impacted the supply chains for various industries, including the auto industry, electronics industry, food industry, pharma industry, and defense industry across the globe. Many manufacturing plants are operating at minimal capacities or have shut down their operations completely. According to an Air Force Technology publication on April 7, 2020, COVID-19 disrupted defense supply chains. The production and assembling activities have been stopped by the big companies owing to the COVID-19 lockdowns. Therefore, the production and disruptions are deteriorating the distribution and supply of military drones, which, in turn, is expected to decline the military drone sales during 2020. Drone swarm technology is growing in popularity in the military drone market due to its cost efficiency and high firepower. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue, and attacks on hostile objects. Drone swarm technology involves the production of several small, cheap drones rather than one large, expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time. With the use of advanced swarm technologies, the military and armed forces can effectively carry out lethal drone strikes in multiple places at once. For instance, Microsystems developed a drone swarming system called the WOLF-PAK, which has the capability to fly small drones in groups and make them split away from the group whenever necessary. In February 2022, Halcon, a subsidiary of EDGE Group, a UAE-based provider of military weaponry and related technologies, unveiled the Hunter 2-S, a tube-launched swarming drone system. The Hunter 2-S is an unmanned aerial vehicle from the Hunter 2 series. These drones are anticipated to communicate with one another in order to track targets, hold positions, and engage with the proper targets. The drones can communicate with each other through a main channel using a specific algorithm, which sends messages to all of the drones and assigns each one of them a specific mission to fly to the target. In July 2020, UAS Drone Corp., an Israel-based company that designs, develops, and manufactures unmanned aerial systems, acquired Duke Robotics, Inc. With these acquisitions, the main focus is on Duke Robotics' business to expand its presence in the military drone market with TIKAD – a UAS Octocopter Integrated with a Six Degrees of Freedom ('6 DOF') Robotic Gimbal system which enables remote, real-time firing of small arms and light weapons. Duke Robotics is a cross-disciplinary association of research labs and teaching faculty conducting world-class research and training future generations of thinkers and creators. Major players in the military drones market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment, General Atomics, Textron, Elbit Systems, Israel Aerospace Industries, Thales, China Aerospace Science And Technology Corporation. Asia-Pacific was the largest region in military drones market in 2022. Western Europe is expected to be the fastest-growing region in the global military drones market during the forecast period. The regions covered in the global military drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the global military drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The military drone market consists of sales of military drones for purposes such as operations, surveillance, mapping, communication, and equipment delivery in military. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military drones market is segmented - 1) By Drone Type: MALE, HALE, TUAV, UCAV, SUAV 2) By Type: Fixed-Wing, Rotary Wing, Hybrid 3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous 4) By Application: Search and Rescue, National Defense, Military Excercises, Others

The military robots refer to robots specially designed for military applications. These are remotely controlled military robots for tasks such as transport, search, rescue, gunfire or attack, airborne and underwater surveillance, image capturing, bomb disposal, carrying wounded military personnel, and detecting mines. The main platforms in military robotics are land, marine, and airborne. Unmanned Ground Vehicles (UGVs) are the common name for land or home robots (UGVs). Wheeled or tracked robots are the most frequent, but footed robots with two or more legs are also prevalent (humanoid or resembling animals or insects). The different payloads include sensors, cameras, LCD screens, weapons, radar, and others and are used in ISR, search and rescue, combat support, transportation, EOD, mine clearance, and firefighting. The various sectors include the armed forces and homeland security. The military robots market research report is one of a series of new reports from The Business Research Company that provides military robots market statistics, including global market size, regional shares, competitors with a military robots market share, detailed military robots market segments, market trends and opportunities, and any further data you may need to thrive in the military robots industry. This military robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global military robots market size will grow from $18.8 billion in 2022 to $20.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military robots market size is expected to grow from $28.42 billion in 2027 at a CAGR of 8.7%. The market growth can be attributed to the increasing adoption of land-based military robots by various countries for border security. Border security robots that are based on hybrid wireless sensor networks were introduced to address concerns about national security. The primary objective of the border patrol robots is to save the lives of security personnel deployed for border surveillance. Border patrol systems that utilize the PIR sensor for human detection and a metal detector for explosive detection can accurately detect border intrusions with minimum human involvement. The system also uses a wireless camera to continuously monitor the border. Based on the fact that autonomous military systems can cut down costs, improve effectiveness, enable more broad military operations, and most importantly, help keep security personnel out of harm, various countries are adopting military robots for border security. The increasing adoption of military robots by various countries, therefore, is expected to drive the military robot market growth. The decline in the defense budget in developed economies across the globe acts as a restraint on the industry. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, the global military burden—defined as global military spending as a share of global gross domestic product (GDP)—fell by 0.1 percentage points, from 2.3% in 2020 to 2.24% in 2021, as a result of a sharp economic recovery. US military expenditures totalled $801 billion in 2021, a 1.4% decrease from 2020. The cost of the US military decreased slightly from 3.7% of GDP in 2020 to 3.5% in 2021. The decline in the defense budget in some developed economies across the globe is expected to hamper the military robot market. Multi-mission robots are designed to carry out multi-domain operations in the military. Unlike humans, robots do not suffer from physical and mental exhaustion. With continuous advances in electronic component technology and miniaturization, the operational flexibility of robots has increased tremendously. They exhibit greater resistance to the impact of bombs and weapons, ensuring greater security. Today's robots are equipped with mission-specific tasks and individual munitions. The payloads that these robots carry may be integrated in line with the mission requirements. For instance, the 710 Kobra is a heavy-duty, multi-mission robot designed by American robot maker iRobot Defense & Security (now Endeavor Robotics Holdings) to provide increased safety and mission effectiveness for soldiers, first responders, and security personnel. In April 2020, Draganfly Inc., a Canada-based manufacturer of drone and UAV technologies, acquired Dronelogics Systems Inc. for USD 1.74 million. With the acquisition, the two businesses are expected to diversify their drone manufacturing technology. The product offerings and engineering advancements of Draganfly are perfectly complemented by Dronelogics. Together, the businesses would strengthen their position as market leaders in the global UAV and UVS sectors while offering specialized services to their mutual clients and business associates. Dronelogics Systems Inc. is a Canada-based company that sells drones, creates specialized solutions, provides customer training and business consultation for SFOC and UAV use. Major players in the military robots market are Lockheed Marin Corporation, Northrup Grumman Corporation, General Dynamics Corporation, BAE Systems, Aerovironment, Inc., Irobot, Boston Dynamics, Thales Group, Elbit Systems Ltd., and Turkish Aerospace Industries Inc. North America was the largest region in military robots market in 2022. North America is expected to be the fastest growing region in the global military robots market during the forecast period. The regions covered in the global military robots market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the military robots market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The military robots market consists of sales of military robots such as military transportation robots, search and rescue military robots, firefighting military robots, and mine clearance military robots. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products The global military robots market is segmented - 1) By Platform: Land, Marine, Airborne 2) By Application: ISR, Search and Rescue, Combat Support, Transportation, EOD, Mine Clearance, Firefighting 3) By Payload: Sensors, Cameras, LCD Screens, Weapons, Radar, Others 4) By End User: Armed Forces, Homeland Securities

A military aircraft is an aircraft specifically built or converted for military missions such as transport of troops, combat search and rescue (CSAR), medical evacuation (MEDEVAC), airborne command post, or armed with weapons for attacking ground targets. The main types of military helicopters are light military helicopters, medium military helicopters, and heavy military helicopters. The components and systems used are airframes, main rotor systems, anti-torque systems, electrical systems, hydraulic systems, avionics, stability augmentation systems, flight control systems, undercarriages, environmental control systems, emergency services, special-purpose systems, and engines; the number of engines is single and twin. Various applications include utility military helicopters, transport military helicopters, attack/assault military helicopters, search and rescue military helicopters, multi-role military helicopters, and reconnaissance and observation military helicopters. Utility military helicopters are extremely adaptable aircraft that excel in a variety of environments. These helicopters can be used for a variety of missions ranging from reconnaissance and attack to transport and evacuation. The military helicopter market research report is one of a series of new reports from The Business Research Company that provides military helicopter market statistics, including global market size, regional shares, competitors with a military helicopter market share, detailed military helicopter market segments, market trends and opportunities, and any further data you may need to thrive in the military helicopter industry. This military helicopter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global military helicopters market size will grow from $55.57 billion in 2022 to $59.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military helicopters market size is expected to grow to $72.81 billion in 2027 at a CAGR of 5.1%. Increasing military expenditure contributed to the growth of the military helicopter market growth. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. The growth in military expenditure led to an increase in the procurement of warships, submarines, aircraft, and helicopters, thereby generating higher revenues for the military helicopter market. Stringent regulations imposed on the manufacturing and maintenance of military helicopters are expected to limit the growth of the military helicopter market. The aircraft manufacturing and maintenance process is highly regulated by the government organizations of every country. According to the Journal of Aeronautics & Aerospace Engineering, the maintenance, repair, and overhaul (MRO) organizations need to be approved by aviation authorities such as the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA). The equipment used in the manufacturing and maintenance processes must be certified and licensed. This scenario is predicted to restrict the growth of the military helicopter market over the forecast period. Technological advancements in the helicopter manufacturing process are shaping the military helicopter market. The global helicopter industry has been undergoing a substantial transformation in recent years. Significant technological advancements, including extensive use of additive manufacturing, computation structural dynamics modeling, advanced condition-based maintenance (CBM), fly-by-wire controls, health and usage monitoring systems (HUMS), and advanced turbine engine programs, are promising big leaps in rotorcraft capabilities. For instance, in February 2022, Steadicopter Ltd., an Israel-based designer and manufacturer of Rotary Unmanned Aircraft Systems, launched the Black Eagle 50H, which will run on both gas and electricity. It has a long range and can fly for up to five hours at a time, making it suitable for a wide range of applications. The Black Eagle is intended to provide solutions for intelligence, surveillance, target acquisition, and reconnaissance on both the sea and land (ISTAR). Major players in the military helicopter market are Airbus, BAE Systems, Boeing, China Aerospace Science, and Industry Corporation, Enstrom Helicopter Corporation, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo S.p.A., Lockheed Martin, NHIndustries, Russian Helicopters, Textron, Turkish Aerospace Industries and Kawasaki Aerospace Company. Asia-Pacific was the largest region in the military helicopters market in 2022. Western Europe is expected to be the fastest-growing region in the global military helicopters market during the forecast period. The regions covered in the global military helicopters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military helicopters market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The military aircraft market consists of sales of aircraft with weapons, artillery tanks, and radar equipment for military purposes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military helicopters market is segmented - 1) By Type: Light Military Helicopter, Medium Military Helicopter, Heavy Military Helicopter 2) By Application: Utility Military Helicopter, Transport Military Helicopter, Attack/Assault Military Helicopter, Search and Rescue Military Helicopter, Multi-Role Military Helicopter, Reconnaissance and Observation Military Helicopter 3) By Number of Engine: Single, Twin Engine 4) By Component & System: Airframe, Main Rotor Sysmtems, Anti-Torque systems, Electrical Systems, Hydraulic Systems, Avionics, Stability Augmentation Systems, Flight Control Systems, Undercarriages, Environmental Contorl Systems, Emergency Services, Special-purpose Systems, Engines

Military radar is a detection system used in the military to detect the presence, direction, distance, and speed of air, ground, and sea targets. The military radar includes components such as a transmitter, antenna, receiver, and indicator. The main types of military radars are land radars, naval radars, airborne radars, and space-based radars. Naval radars are X-band or S-band radars installed on ships that detect other ships and land obstacles, providing bearing and distance for collision avoidance and navigation at sea. The various functionality of military radar includes surveillance and airborne early warning radar, tracking, and fire control radar, multi-function radar, synthetic aperture and moving target indicator radar, a ground-penetrating radar that is used for weapon guidance, air and missile defense, navigation, airborne mapping, ground force protection and counter-battery, mine-detection, and underground mapping. The military radars market research report is one of a series of new reports from The Business Research Company that provides military radars market statistics, including global market size, regional shares, competitors with a military radars market share, detailed military radars market segments, market trends and opportunities, and any further data you may need to thrive in the military radars industry. This military radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global military radars market size will grow from $57.91 billion in 2022 to $62.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military radars market size is expected to grow to $79.37 billion in 2027 at a CAGR of 6.1%. The military radar market covered in the military radar market report is segmented by type into land radar, naval radar, airborne radar, and space-based radar, by functionality into surveillance and airborne early warning radar, tracking and fire control radar, multi-function radar, synthetic aperture, and moving target indicator radar, and ground-penetrating radar; by application into weapon guidance, airspace monitoring, and traffic management; ground surveillance and intruder detection, air and missile defense, navigation, airborne mapping, ground force protection; counter-battery, mine detection, and underground mapping. Growth in defense spending by emerging economies has contributed to the growth of the military radar market. Military spending includes operation, maintenance, procurement of weapons and armoured vehicles, and military research and development. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh straight year that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. The growth in defense spending by emerging economies drove the military radar market.  The high cost of radar is expected to restrict the growth of the market for military radar in the forecast period. Fire control systems, command and control systems, missiles, and anti-aircraft systems are some of the systems that are to be integrated with military radars, and maintenance of these systems is also expensive. These high costs are due to the involvement of significant research and development, and modifications to the radar systems. For instance, in January 2021, according to an article published by the Congressional Budget Office, a US-based government agency, according to the 2020 budget request, the cost of the DoD's (Department of Defense) missile defense plans over a ten-year period will be approximately $176 billion (in current dollars) from 2020 to 2029. High maintenance and modification costs are thus limiting the growth of military radar systems.  The MIMO (multiple inputs, multiple outputs) system is increasingly being used in the military radar market. A MIMO radar system is used for simultaneous transmission and reception by multiple antennas or channels. They are also used to gain a low probability of intercepting radar signals. For instance, in November 2020, Advanced Protection Systems Inc., a US-based security system supplier, introduced an advanced FIELDctrl 3D MIMO radar for military, security, and critical infrastructure applications. The advanced radar is large, featuring MIMO, MHT, and micro-doppler capabilities. The advanced radar addresses requirements such as precision of detection and classification, quality of clutter removal, accuracy of tracking, and a super-high refresh rate in military applications.  For an undisclosed amount, SRC, a New York-based defense research and development company, acquired SAZE, a US-based company that works on research and development of radar. The acquisition is expected to bring new capabilities to the SRC’s extensive radar knowledge base. The SRC will focus on leveraging SAZE’s technology to develop life-saving systems for the armed forces. SAZE was established in 2012 and is involved in the research and development of radars. Major players in the military radar market are Lockheed Martin, Raytheon Technologies, Thales Group, BAE Systems, Israel Aerospace Industries, Leonardo, SAAB, ASELSAN, Hensoldt, Airbus, General Dynamics, Northrop Grumman, Finmeccanica, Honeywell International, Harris Corporation, L3 Harris Technologies, and TERMA. North America was the largest region in the military radar market in 2022. North America is expected to be the fastest-growing region in the global military radars market during the forecast period. The regions covered in the global military radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military radars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The military radar market consists of sales of military radars such as simple pulse radar, moving-target indication (MTI) radar, high-range resolution radar, and imaging radars. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military radars market is segmented - 1) By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar  2) By Functionality:  Surveillance and Airborne Early Warning Radar, Tracking and Fire Control Radar, Multi-Function Radar, Synthetic Aperture and Moving Target Indicator Radar, Ground Penetrating Radar  3) By Application: Weapon Guidance, Airspace Monitoring and Traffic Managent, Ground Surveillance and Intruder Detection, Air and Missile Defense, Navigation, Airborne Mapping, Ground Force Protection and Counter-Battery, Mine-Detection and Underground Mapping

Vehicle electrification is the process of replacing vehicle components that operate on a conventional energy source with those that operate on electricity. The vehicle electrification is used to power the vehicle by electricity. The main product types included in vehicle electrification market are starter motors, alternators, electric car motors, electric water pumps, electric oil pumps, electric vacuum pumps, electric fuel pumps, electric power steering, actuators, and start/stop systems. The starter motor is an electrical device used to rotate an internal combustion engine to initiate the engine operation on its own. Vehicle electrification is mainly used in various vehicle types such as internal combustion engine vehicle, micro and full hybrid vehicle and plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV) and are sold through sales channels original equipment manufacturers (OEM) and aftermarket. The vehicle electrification market research report is one of a series of new reports from The Business Research Company that provides vehicle electrification market statistics, including vehicle electrification industry global market size, regional shares, competitors with a vehicle electrification market share, detailed vehicle electrification market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle electrification industry. This 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. The global vehicle electrification market size grew from $75.87 billion in 2022 to $85.39 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vehicle electrification market size is expected to grow to $139.26 billion in 2027 at a CAGR of 13.0%. The increase in demand for hybrid vehicles is propelling the growth of the vehicle electrification market. Hybrid vehicles have an internal combustion engine and one or more electric motors, any one source can be used to run the vehicle. Hybrid vehicles provide fuel economy and help in reducing emissions as they provide an option to run on an electric battery. The increasing demand for hybrid vehicles is due to the shift of focus to reducing emissions by opting for electric vehicles. The demand is also due to the rise in the income levels and the young population. As the demand increases for hybrid vehicles, there will be a significant need for electrification of vehicles as it is the way to make a normal vehicle a hybrid one. For instance, according to the data from a US-based analytics firm Wards Intelligence, the US sales of hybrid vehicle sales increased by 76% to 801,550 vehicles in 2021, representing 5% of US light vehicle sales. Sales of electric vehicles also increased by 83% to 434,879, representing 3% of the market. Therefore, the increasing demand for hybrid vehicles is expected to drive the vehicle electrification market. Technological advancement is a key trend gaining popularity in the vehicle electrification market. Technological advancements are the discovery of knowledge that helps in developing products using advanced technology. Major companies operating in the vehicle electrification market are focused on developing new technological solutions to meet customer demand and make vehicle electrification more advanced. These new technological solutions may include the introduction of advanced electrification methods and components such as an advanced and fast charger. For instance, in September 2021, ABB, a Switzerland-based automation company launched the world’s fastest electric car charger named Terra 360. The Terra 360 is an innovative customizable all-in-one electric vehicle (EV) charger which can simultaneously charge up to four vehicles with dynamic power distribution and can deliver 100km of range in less than three minutes. To personalize, customers can 'brand' the chargers by using different foiling or changing the color of the LED light strips to tailor the appearance. It is ideal for urban charging stations, refueling stations, and fleet applications. In June 2021, Ford Motor Company, a US-based automobile manufacturing company, acquired Electriphi, for an undisclosed amount. The acquisition is expected to develop the most advanced charging and energy management experiences for commercial customers and enables Ford to lead the electrification revolution for commercial and retail customers. Electriphi is a US-based provider of charging management and fleet monitoring software for electric vehicles and also offers fleet electrification. Major players in the vehicle electrification market are Continental AG, Delphi Technologies, Robert Bosch, Denso, Magna International, Johnson Electric, Mitsubishi Electric, Volkswagen, Toyota, Honda Motor Company, Johnson Controls, and Aptiv. Asia-Pacific was the largest region in the vehicle electrification market in 2022. The regions covered in the vehicle electrification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vehicle electrification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The vehicle electrification market includes revenues earned by entities by light, medium, and heavy-duty vehicle electrification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global vehicle electrification market is segmented - 1) By Product Type: Starter Motor, Alternator, Electric Car Motors, Electric Water Pumps, Electric Oil Pump, Electric Vacuum Pump, Electric Fuel Pump, Electric Power Steering, Actuators, Start/Stop System 2) By Vehicle Type: Internal Combustion Engine Vehicle, Micro And Full Hybrid Vehicle, Plug-in Hybrid Electric Vehicle (PHEV) And Battery Electric Vehicle (BEV) 3) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket

The vehicle engine and engine parts are components that generate the power needed to propel a car or other vehicle. The main types of vehicle engines and engine parts are vehicle engines and vehicle engine parts. Vehicle engines are referred to as the engines that are used for vehicles, and there are many engine propulsion systems involving the parts of the vehicle. The various placement types are in-line engines, W engines, and V-types. The various fuel types are gasoline (petrol), diesel, gas, and other fuel types. The vehicle engine and engine parts market research report is one of a series of new reports from The Business Research Company that provides vehicle engine and engine parts market statistics, including global market size, regional shares, competitors with a vehicle engine and engine parts market share, detailed vehicle engine and engine parts market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle engine and engine parts industry. This vehicle engine and engine parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global vehicle engine and engine parts market size will grow from $401.40 billion in 2022 to $438.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vehicle engine and engine parts market size is expected to grow to $600.27 billion in 2027 at a CAGR of 8.2%. The increasing manufacturing of automobiles is expected to drive the vehicle engine and engine parts market. Automobile manufactures use different engine components and engine parts for manufacturing a vehicle. According to statistics from the International Organization of Motor Vehicle Manufacturers, a Paris based international automobile trade association, the total number of vehicles produced globally, from January to September 2021 increased to 57.2 million units from 52.1 million units in 2020, during the same period. Therefore, the increasing production of vehicles around the world is expected to drive the vehicle engine and engine parts market. The growth of the vehicle engine and engine parts market is restricted by the growing popularity of electric vehicles all over the world. These battery-operated cars are not only easier to maintain but also do not contribute to air pollution. The popularity of the electric car market is backed up by several government initiatives, such as in Norway, where the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. the number of electric cars employed on the road reached 10 million in 2020. In 2021, According to mobi.com, China remained the world's largest car market. According to reports by the International Energy Agency (IEA), in 2021, electric car sales were more than doubled reaching 6.6 million, representing close to 9% of the global car market. With the increasing popularity of electric vehicles, the demand for engine-operated vehicles is negatively impacted, thus causing an overall fall in demand for the vehicle engine and engine parts market. Declining sales in the automobile sector restrict the growth of the vehicle engine and engine parts market. The decline in demand for automobiles in various economies causes lower demand for new engines and engine parts manufacturers. According to the International Organization of Motor Vehicle Manufacturers, global car production fell by 16% in 2020. In India, the Society of Indian Automobile Manufacturers said, there was decline in passenger car sales from 1,541,866 in 2021 to 1,467,056 units in 2022. The companies operating in the vehicle engine and engine parts market are investing in improving the fuel efficiency of internal combustion engines. Manufacturers are producing engines that deliver more power and improve fuel economy. Improving the fuel efficiency of vehicle engines serves as an economical solution as well as reduces the emission of harmful pollutants into the air. For instance, to improve fuel efficiency, companies are investing in ' direct fuel injection' technology in which the direct injection systems spray a fine mist of fuel directly into the cylinder, helping keep the engine's temperature down and increasing fuel efficiency. Also, as reported by the U.S Department of Energy, direct fuel injection can improve engine efficiency by 12%. Thus, with increased concerns for the environment and to provide a better value for money, companies operating in the market are investing more towards improving the fuel efficiency of the engines. In May 2022, Melling Engine Parts, a US-based manufacturer of aftermarket oil pumps and related products, acquired Sigma Engineering for an undisclosed amount. Through this acquisition, Melling Engine Parts will focus on controlling their supply and quality. Sigma Engineering is a US-based diesel and gas engine parts company. Major players in the vehicle engine and engine parts market are Cummins, Toyota Motor, Denso Corporation, Delphi Automotive PLC., Federal-Mogul Corporation, Mahle GmbH, BMW AG, General Motors, Volkswagen AG, and Fiat Automobiles SpA. Asia-Pacific was the largest region in the vehicle engine and engine parts market in 2022. Western Europe was the second largest market in the global vehicle engine and engine parts market. The regions covered in the global vehicle engine and engine parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vehicle engine and engine parts include Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The vehicle engine and engine parts market consist of sales of engine, transmission, driveshaft, axles, head, block, oil sump and differential. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global vehicle engine and engine parts market is segmented - 1) By Product Type: Vehicle Engines, Vehicle Engine Parts 2) By Fuel Type: Gasoline (Petrol), Diesel, Gas, Other Fuel Types 3) By Placement Type: In-line Engine, W Engine and V-Type

A military glider is a fixed-wing aircraft that flies using naturally occurring air currents. A military drone is a military unmanned aerial vehicle that is guided remotely or autonomously. The main types of military gliders and drones on the market are military gliders and military drones. A military drone is an unmanned aerial vehicle (UAV) that is used for intelligence, surveillance, target acquisition, and reconnaissance and carries aircraft ordnance such as missiles, ATGMs, and/or bombs in hardpoints for drone strikes. The various technologies involved are remotely operated, semi-autonomous, and autonomous that are used for search and rescue, national defense, military exercises, and others. The military gliders and drones market research report is one of a series of new reports from The Business Research Company that provides military gliders and drones market statistics, including military gliders and drones industry global market size, regional shares, competitors with a military gliders and drones market share, detailed military gliders and drones market segments, market trends and opportunities, and any further data you may need to thrive in the military gliders and drones industry. This military gliders and drones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global military gliders and drones market size will grow from $34.34 billion in 2022 to $37.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military gliders and drones market size is expected to grow to $49.87 billion in 2027 at a CAGR of 7.2%. Increasing funding for unmanned aerial vehicles, or drones, is projected to contribute to the growth of the military glider and drone market. The growing requirement for intelligence, surveillance, and reconnaissance assets has generated higher demand for military gliders and drones. The militaries are expected to spend around $98 billion on new intelligence gathering and strike capabilities. According to the Teal Group, global research and development and procurement spending on drones is estimated to rise from $11.1 billion in 2020 to $14.3 billion by the end of 2029. Research and development spending is expected to increase from $3.2 billion in 2020 to $4 billion by 2029, and procurement funding is likely to increase from $7.9 billion in 2020 to $10.3 billion by the end of 2029. Such investments in unmanned aerial vehicles, or drones, are expected to drive the military glider and drone market during the forecast period. Stringent regulations associated with gliders and drones are expected to limit the growth of the military glider and drone markets. For instance, in India, military drones are governed by the Directorate General of Civil Aviation (DGCA). In June 2020, the Indian Civil Aviation Ministry issued draught rules for making and using drones in India, proposing authorized sellers and importers to sell drones only to entities and individuals approved by the Directorate General of Civil Aviation (DGCA). Similarly, in the United States, the government maintains stringent export controls on military drones and related systems, components, technology, and software under the International Traffic in Arms Regulations (ITAR). Moreover, in Europe, military drones are regulated by the European Aviation Safety Agency (EASA). These regulations will have an impact on the manufacturing and marketing processes and thereby negatively impact the growth of the military glider and drone markets. Artificial Intelligence (AI) in military gliders and drones is gaining popularity in the military drone and glider market. Top companies in the industry are focusing on designing and developing drones and UAVs with AI capabilities. For instance, the companies offering military drones with AI capabilities include Shield. AeroVironment (offers Nova, an autonomous drone for indoor navigation), AeroVironment (offers Raven series, the world’s most widespread drones), Lockheed Martin (offers Desert Hawk III, a drone with operator training capabilities), and Neurala (offers Neurala Brain, an AI software that allows military drones to patrol missions and conduct reconnaissance missions. In April 2022, Textron Inc., a US-based multi-industry company with operations in aircraft, finance, industrial products, and defense acquired PIPISTREL ITALIA S.R.L. for an undisclosed amount. With the acquisition, Pipistrel is expected to gain access to more resources, technical and regulatory know-how, and a global network of aircraft sales and support, allowing it to quicken the development and certification of electric and hybrid aircraft. PIPISTREL ITALIA S.R.L, is a Slovenia-based manufacturer of light aircraft. Major players in the military gliders and drones market are Schempp-Hirth Flugzeugbau GmbH, China Aerospace Science and Industry Corporation, Lockheed Martin, Textron Systems, BAE Systems Inc., Jonker Sailplanes, Leonardo, Boeing, DG Flugzeugbau GmbH and Aerovironment Inc. Asia-Pacific was the largest region in the military gliders and drones market in 2022. Western Europe is expected to be the fastest-growing region in the global military gliders and drones market during the forecast period. The regions covered in the global military gliders and drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military gliders and drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The military gliders and drones market consists of sales of fixed-wing aircraft and unmanned aerial vehicles for military purposes to carry troops and heavy equipment to a combat zone. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military gliders and drones market is segmented - 1) By Type: Military Gliders, Military Drones 2) By Technology: Remotely Operated, Semi-Autonomous, Autonomous 3) By Application: Search and Rescue, National Defense, Military Exercises, Others

A military satellite is an artificial earth satellite used for military missions such as intelligence gathering, navigation, and military communications. The capabilities of military satellites include secure in-theater communications, weather and navigational data for ground, air, and fleet operations, as well as threat warning. The main types of military satellites are small satellites and medium-to-heavy satellites. The various types of payload include communication payload, navigation payload, imaging payload, and others that are used for intelligence, surveillance, and reconnaissance (ISR), communication, and navigation. A satellite payload refers to the components of a spacecraft that are specifically dedicated to producing mission data and relaying that data back to Earth. The military satellites market research report is one of a series of new reports from The Business Research Company that provides military satellites market statistics, including global market size, regional shares, competitors with a military satellites market share, detailed military satellites market segments, market trends and opportunities, and any further data you may need to thrive in the military satellites industry. This military satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global military satellites market size will grow from $58.46 billion in 2022 to $62.19 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military satellites market size is expected to grow to $73.26 billion in 2027 at a CAGR of 4.2%. The increasing concern about terrorism is expected to fuel the growth of the military satellite market. The growing concern about terrorism has motivated the need for military forces around the world to deploy better military communication systems. Military satellites are an important part of modern military communication networks. For instance, in October 2021, according to a report published by Bureau of Counterterrorism, a US-based government organization to improve counter-terrorism cooperation with foreign governments, there were 10,172 terrorist attacks in 2020, which led to 29,389 fatalities, 19,413 injuries, and 4,471 kidnappings. In comparison to 2019, there were 1,300 more terrorism-related incidents, 3,116 more fatalities, 1,189 fewer injuries, and 1,262 more kidnappings in 2020. The number of incidents in 2020 will be 15% more than in 2019. Therefore, the increasing concern about terrorism drives the growth of the military satellite market. The high cost of military satellites is expected to hamper the growth of the military satellite market over the forecast period. A military satellite is an artificial satellite that is used for military purposes. Military satellites are costly devices; they are costly to build and costly to launch. The military communications satellite's combined costs will be more than $95 million for release and launch insurance, $20 million for in-orbit insurance, $15 million for operating expenses, and $150 million for the spacecraft, making a total of $300 million. Therefore, the high cost of military satellites restrains the growth of the military satellite market. The advancement in technology is shaping the military satellite market. Major companies working in the military satellite sector are focused on designing advanced technology solutions for military satellites. For instance, in July 2020, SpaceX, an American aerospace manufacturer and space transportation services company, launched South Korea's first military communications satellite, called Anasis-II. Anasis-II will play a vital role in preserving peace on the Korean peninsula, and through this technical advance, the Republic of Korea will be able to improve not only its IT capabilities but also its space research and development operations. In May 2021, OneWeb, a USA-based satellite internet company, acquired TrustComm for an undisclosed amount. Through this acquisition, OneWeb is intended to provide 'a new suite of services with network speeds up to 195Mbps, lower latency, smaller and more compact multi-orbit user terminals, and built-in network management tools' to the US Department of Defense and other government clients. TrustComm, based in the US, is a commercial satellite communications provider. Major players in the military satellites market are The Boeing Company, Israel Aerospace Industries, Northrop Grumman Corporation, ISS-Reshetnev, SpaceX, Lockheed Martin Corporation, Raytheon Company, Thales Group, Mitsubishi Electric Corporation, GE Aviation, Airbus SE, Indian Space Research Organisation, OHB SE, Elbit System Ltd., AeroVironment, and Orbital ATK Inc. North America was the largest region in the military satellites market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global military satellites market during the forecast period. The regions covered in the global military satellites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military satellites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA The military satellite market consists of sales of various satellites for military applications such as military reconnaissance satellites, navigation satellites, early warning systems, and military communication satellites. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military satellites market is segmented - 1) By Satellite Type: Small Satellite, Medium-To-Heavy Satellite 2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others 3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Communication, Navigation