Global military hybrid electric vehicle (HEV) and electric vehicle (EV) market 2024-2028

Description

List of Tables

The military hybrid electric vehicle (HEV) and electric vehicle (EV) market is forecasted to grow by USD 13468.6 bn during 2023-2028, accelerating at a CAGR of 18.47% during the forecast period. The report on the military hybrid electric vehicle (hev) and electric vehicle (EV) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by push toward the adoption of green (eco-friendly) vehicles, stringent regulations on emissions and fuel efficiency, and increasing sales of military evs and HEVs.

Technavio's military hybrid electric vehicle (HEV) and electric vehicle (EV) market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	15.14%
CAGR	18.47%
Incremental Value	$13468.6bn

By Product

Manned military HEV and EV
Unmanned military HEV and EV

By Type

AC charging
DC charging

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the advancements in battery technology in evs and HEVs as one of the prime reasons driving the military hybrid electric vehicle (HEV) and electric vehicle (EV) market growth during the next few years. Also, high-density, high-power, and small-size Li-ion batteries and international alliances on zero-emission vehicles (ZEVs) among different countries will lead to sizable demand in the market.

The report on the military hybrid electric vehicle (HEV) and electric vehicle (EV) market covers the following areas:

Military hybrid electric vehicle (HEV) and electric vehicle (EV) market sizing
Military hybrid electric vehicle (HEV) and electric vehicle (EV) market forecast
Military hybrid electric vehicle (HEV) and electric vehicle (EV) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military hybrid electric vehicle (hev) and electric vehicle (ev) market vendors that include AeroVironment Inc., Alke s.r.l., BAE Systems PLC, Elbit Systems Ltd., Ford Motor Co., General Atomics, General Dynamics Corp., General Motors Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Logos Technologies LLC, Milrem AS, Nikola Corp., Northrop Grumman Corp., Oshkosh Corp., QinetiQ Ltd., Singapore Technologies Engineering Ltd., The Boeing Co., and Zero Motorcycles Inc.. Also, the military hybrid electric vehicle (HEV) and electric vehicle (EV) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75105

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market 2018 - 2022
- Historic Market Size - Data Table on Global Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 Manned military HEV and EV - Market size and forecast 2023-2028
- Chart on Manned military HEV and EV - Market size and forecast 2023-2028 ($ billion)
- Data Table on Manned military HEV and EV - Market size and forecast 2023-2028 ($ billion)
- Chart on Manned military HEV and EV - Year-over-year growth 2023-2028 (%)
- Data Table on Manned military HEV and EV - Year-over-year growth 2023-2028 (%)
6.4 Unmanned military HEV and EV - Market size and forecast 2023-2028
- Chart on Unmanned military HEV and EV - Market size and forecast 2023-2028 ($ billion)
- Data Table on Unmanned military HEV and EV - Market size and forecast 2023-2028 ($ billion)
- Chart on Unmanned military HEV and EV - Year-over-year growth 2023-2028 (%)
- Data Table on Unmanned military HEV and EV - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 AC charging - Market size and forecast 2023-2028
- Chart on AC charging - Market size and forecast 2023-2028 ($ billion)
- Data Table on AC charging - Market size and forecast 2023-2028 ($ billion)
- Chart on AC charging - Year-over-year growth 2023-2028 (%)
- Data Table on AC charging - Year-over-year growth 2023-2028 (%)
7.4 DC charging - Market size and forecast 2023-2028
- Chart on DC charging - Market size and forecast 2023-2028 ($ billion)
- Data Table on DC charging - Market size and forecast 2023-2028 ($ billion)
- Chart on DC charging - Year-over-year growth 2023-2028 (%)
- Data Table on DC charging - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ billion)
- Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 AeroVironment Inc.
- AeroVironment Inc. - Overview
- AeroVironment Inc. - Business segments
- AeroVironment Inc. - Key news
- AeroVironment Inc. - Key offerings
- AeroVironment Inc. - Segment focus
12.4 Alke s.r.l.
- Alke s.r.l. - Overview
- Alke s.r.l. - Product / Service
- Alke s.r.l. - Key offerings
12.5 BAE Systems Plc
- BAE Systems Plc - Overview
- BAE Systems Plc - Business segments
- BAE Systems Plc - Key news
- BAE Systems Plc - Key offerings
- BAE Systems Plc - Segment focus
12.6 Elbit Systems Ltd.
- Elbit Systems Ltd. - Overview
- Elbit Systems Ltd. - Product / Service
- Elbit Systems Ltd. - Key news
- Elbit Systems Ltd. - Key offerings
12.7 Ford Motor Co.
- Ford Motor Co. - Overview
- Ford Motor Co. - Business segments
- Ford Motor Co. - Key news
- Ford Motor Co. - Key offerings
- Ford Motor Co. - Segment focus
12.8 General Atomics
- General Atomics - Overview
- General Atomics - Product / Service
- General Atomics - Key offerings
12.9 General Dynamics Corp.
- General Dynamics Corp. - Overview
- General Dynamics Corp. - Business segments
- General Dynamics Corp. - Key news
- General Dynamics Corp. - Key offerings
- General Dynamics Corp. - Segment focus
12.10 General Motors Co.
- General Motors Co. - Overview
- General Motors Co. - Business segments
- General Motors Co. - Key news
- General Motors Co. - Key offerings
- General Motors Co. - Segment focus
12.11 L3Harris Technologies Inc.
- L3Harris Technologies Inc. - Overview
- L3Harris Technologies Inc. - Business segments
- L3Harris Technologies Inc. - Key news
- L3Harris Technologies Inc. - Key offerings
- L3Harris Technologies Inc. - Segment focus
12.12 Lockheed Martin Corp.
- Lockheed Martin Corp. - Overview
- Lockheed Martin Corp. - Business segments
- Lockheed Martin Corp. - Key news
- Lockheed Martin Corp. - Key offerings
- Lockheed Martin Corp. - Segment focus
12.13 Milrem AS
- Milrem AS - Overview
- Milrem AS - Product / Service
- Milrem AS - Key offerings
12.14 Nikola Corp.
- Nikola Corp. - Overview
- Nikola Corp. - Product / Service
- Nikola Corp. - Key news
- Nikola Corp. - Key offerings
12.15 Northrop Grumman Corp.
- Northrop Grumman Corp. - Overview
- Northrop Grumman Corp. - Business segments
- Northrop Grumman Corp. - Key news
- Northrop Grumman Corp. - Key offerings
- Northrop Grumman Corp. - Segment focus
12.16 Singapore Technologies Engineering Ltd.
- Singapore Technologies Engineering Ltd. - Overview
- Singapore Technologies Engineering Ltd. - Business segments
- Singapore Technologies Engineering Ltd. - Key news
- Singapore Technologies Engineering Ltd. - Key offerings
- Singapore Technologies Engineering Ltd. - Segment focus
12.17 The Boeing Co.
- The Boeing Co. - Overview
- The Boeing Co. - Business segments
- The Boeing Co. - Key news
- The Boeing Co. - Key offerings
- The Boeing Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations