Military Vehicle Electrification Market worth $6.82 billion by 2030 - Exclusive Report by MarketsandMarkets™

MarketsandMarkets United Kingdom United States of America

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 according to a new report by MarketsandMarkets™. Military vehicle electrification represents the emerging space in the defense industry that involves the integration of electric and hybrid propulsion technologies into military vehicles. This revolutionary concept aims to supplant or substitute conventional internal combustion engines with highly sophisticated electric drivetrains on various platforms, from armored vehicles and transport trucks to support trucks. The goal is to improve efficiency in operation, minimize the use of fossil fuels, and reduce the environmental costs of conventional military vehicles. The market involves the innovation, production, and integration of electric drivetrains, energy storage systems, and related technologies that fit the specific needs of military operations.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55451533

Browse in-depth TOC on "Military Vehicle Electrification Market" 
250 – Tables
80 – Figures
300 – Pages

Military Vehicle Electrification Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 3.47 billion

Estimated Value by 2030

$ 6.82 billion

Growth Rate

Poised to grow at a CAGR of 14.5%

Market Size Available for

2020–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Platform, System, Technology, Mode of operation, Voltage Type and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of standardized charging protocols

Key Market Opportunities

Rise in hybrid-electric architecture

Key Market Drivers

Advanced requirements in modern battlefield

 The hybrid segment is likely to account for a larger market share than the fully electric segment of the military vehicle electrification market by technology. Hybrid vehicles combine conventional diesel engines with electric motors to provide dual-mode propulsion that improves fuel efficiency, stealth, and power availability without affecting the operational range. The eJLTV of the US Army is developed by Oshkosh Defense, and it offers up to 20% fuel savings, silent drive capabilities, and 115 kW of exportable power, maintaining the protection and mobility of the base JLTV simultaneously.

Based on system, the power conversion segment is projected to lead the military vehicle electrification industry due to maximum energy efficiency and improved performance while in operation. Military vehicle operation demands smooth integration of diverse power sources, from conventional fuel-based to innovative electric propulsion sources. Power conversion equipment is a key component in controlling and distributing power between these sources with optimal efficiency and maximizing performance and mission success. As defense forces increasingly prioritize sustainability, value for money, and lower environmental footprints, there is a growing demand for high-end power conversion technology.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=55451533

North America is expected to lead the market during the forecast period, owing to rising investments and rapid developments to modernize existing and new military vehicles and the technologies integrated by countries, including the US and Canada, in this region. The presence of key market players, such as General Dynamics (US), Oshkosh Corporation (US), Textron Inc. (US), and General Motors (US), is also expected to contribute to regional market growth in the next five years.

Key Players

Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), Leonardo S.p.A. (Italy), Textron Inc. (US), ST Engineering (Singapore), QinetiQ (UK), Polaris Inc. (US), ASELSAN AS (Turkey), Otokar (Turkey), and Krauss-Maffei Wegmann (Germany) are some of the leading companies in the military vehicle electrification companies. These market players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=55451533

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports: 

Military Vehicle Sustainment Market by Vehicle Type (Armored Vehicles, Military Trucks), Service (Maintenance, Repair, & Overhaul (MRO), Training & Support, Parts and Components Supply, Upgrades & Modernization), End User, and Region- Global Forecast to 2028

Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Vehicles), Mobility (Wheeled, Tracked), Type, Systems, Mode of Operation (Manned, Unmanned), Point of sale, and Region - Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: [phone]
Email: [e-mail]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/military-vehicle-electrification-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/military-vehicle-electrification.asp

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/military-vehicle-electrification-market-worth-6-82-billion-by-2030---exclusive-report-by-marketsandmarkets-302446932.html

@ prnewswire.co.uk