Military Vehicle Electrification Market Exclusive Report on
the Latest Revenue and Future Scope

Military
Vehicle Electrification Market research report by Delvens focuses on
primary sections such as – market segments, market outlook, competitive
landscape, and company profiles. The segments provide details in terms of
various perspectives such as end-use industry, product or service type, and any
other relevant segmentation as per the market’s current scenario which includes
various aspects to perform further marketing activity, The Military Vehicle
Electrification Market size is projected to reach a CAGR of 12.5% to 2030.

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Military vehicles installed with a high amount of
electronics require a large amount of electrical power, which is expected to
significantly limit battery capacity as capacity tends to reduce at higher
rates of discharge. They have higher specific energy, energy density and cycle
life compared to lead-acid batteries.

Increasing new technologies in demand of going green is the
major factor that has supported long-term expansion for Military Vehicle
Electrification Market.

Regional Analysis

The Asia Pacific Military Vehicle Electrification market is
projected to grow at the highest CAGR during the forecast period. The growth of
the Asia Pacific Military Vehicle Electrification market is primarily driven by
increasing focus on increasing expenditure on the procurement of military
vehicles by major economies in this region.

Recent Developments

In February 2021,
Elbit systems won a contract of USD 46 Million to supply a 6*6 Armor Personnel
Carrier integrated with an electric drive, fire control systems, and
stabilization systems to an army in Asia Pacific region

In December 2020,
Honeywell secured a contract worth USD 1 Billion from the US Army towards the
development of Automotive gas turbine 1500 engine modification for main battle
tank will drive the electrification progress in this platform.

Key Players of Military Vehicle Electrification Market

·       
Alke

·       
AM General

·       
Arquus

·       
Aselsan A.S.

·       
BAE Systems

·       
Ballard Power Systems

·       
Epsilor Electric Fuel Ltd

·       
Flensburger Fahrzeugbau Gesellschaft GmbH

·       
General Dynamics

·       
General Motors

·       
Highland Systems

·       
Krauss-Maffei Wegmann

·       
Leonardo Spa

·       
Mega Engineering Vehicles Inc. and More

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In addition to the
market data for Military Vehicle Electrification Market, Delvens offers
client-centric report and customized according to the company’s specific demand
and requirement.

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