Military Vehicle Electrification Market by Technology, System (Power Generation, Cooling Systems, Energy Storage, Traction Drive Systems, Power Conversion, Transmission System), Platform, Mode of Operation & Region - Global Forecast to 2027

Abstract
The military vehicle electrification market will be USD 3.5 billion in 2022 and is projected to be USD 15.1 billion by 2027 at a CAGR of 34.1% from 2022 to 2027. Due to their greatly reduced thermal and noise signatures when powered by batteries, electric cars can allow stealth mode capabilities that are more effective.

Enhancing land-based electrification capabilities can also imply taking a step toward autonomous or semi-autonomous operations and better situational awareness via upgraded sensors. In addition to being good for the environment, using electric or hybrid propulsion can improve operating capabilities. Utilizing contemporary technology aids militaries in gaining and maintaining an operational advantage over enemies. Additionally, it gives a commercial advantage to producers of military vehicles.

The major player in the Military Vehicle Electrification market includes Oshkosh Corporation (US), General Dynamics (US), Leonardo SPA (Italy), BAE Systems (UK), Textron Systems (US), and General Motors (US). These players have strong business strategies and portfolios of products & services spread across various countries, including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

“ Unmanned armored vehicle segment is expected to grow at the highest CAGR from 2022 to 2027.”

The unmanned armored vehicle segment of the market is projected to grow at the highest CAGR. Unmanned armored vehicles have the same chassis as manned vehicles but with enhanced features and capabilities. These have different integrated hybrid electric drives, battery packs, and fuel cells that produce power for the vehicles and their systems. The Military Vehicle Electrification market is expected to drive the growth of unmanned armored vehicle platforms. The requirement for military vehicle electrification in combat and support vehicles is expected to be in a similar range during the forecast period.

“Based on systems, the power generation segment is estimated to grow at the highest CAGR during the forecast period.”

Based on system, the military vehicle electrification market has been segmented into power generation, cooling systems, energy storage, traction drive systems, power conversion systems, and transmission system. Military vehicles have different systems for different applications. These systems are manufactured by different companies and are integrated with military vehicles by Original Equipment Manufacturers (OEMs). For instance, Protector remote weapon stations manufactured by Kongsberg are deployed on Stryker vehicles manufactured by General Dynamics. Thus, the ecosystem of modernized military vehicles comprises multiple companies supplying various subsystems and components The need for power generation systems in military vehicle systems for the integration of systems and powering vehicles in stealth and surveillance modes are the factors driving the market growth.

“ North America is projected to account for the largest share in 2022”

The Military vehicle electrification market in the North American region is expected to account for the largest share during the forecast period. This is due to increased investments in Military vehicle electrification technologies by countries such as US and Canada in this region. The presence of prominent manufacturers and integrators of these military systems, including General Dynamics (US), Oshkosh Corporation (US), Textron Inc. (US), and General Motors (US), is also expected to drive the market in the region during the forecast period.

The break-up of the profiles of primary participants in the Military vehicle electrification market is as follows:
•By Company Type: Tier 1 - 30%; Tier 2 - 40%; and Tier 3 - 30%
•By Designation: C Level Executives - 40%; Directors - 32%; and Others - 28%
•By Region: North America - 40%; Europe - 15%; Asia Pacific - 40%, Rest of the World - 5%
Major players in the Military vehicle electrification market are Oshkosh Corporation (US), BAE Systems (UK), General Dynamics (US), General Motors (US), and Leonardo (Italy).

Research Coverage
This market study covers the Military vehicle electrification market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on platform, technology, mode of operation, system, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report
This report is expected to help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall Military vehicle electrification market and its segments. This study is also expected to provide region-wise information about the applications wherein. Military vehicle electrification solutions are used. It also aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the Military vehicle electrification market.

The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on Military vehicle electrification products/ solutions offered by the top players in the market
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Military vehicle electrification market
•Market Development: Comprehensive information about lucrative markets – the report analyses the Military vehicle electrification market across varied regions
•Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Military vehicle electrification market
•Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Military vehicle electrification market

Content
Table of Contents

1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION40
1.3INCLUSIONS AND EXCLUSIONS40
TABLE 1MILITARY VEHICLE ELECTRIFICATION MARKET: INCLUSIONS AND EXCLUSIONS40
1.4CURRENCY40
1.5USD EXCHANGE RATES40
1.6MARKET SCOPE41
1.6.1MARKETS COVERED41
FIGURE 1MILITARY VEHICLE ELECTRIFICATION MARKET SEGMENTATION41
1.6.2YEARS CONSIDERED42
1.6.3REGIONAL SCOPE42
1.7LIMITATIONS43
1.8MARKET STAKEHOLDERS43
1.9SUMMARY OF CHANGES44
FIGURE 2MILITARY VEHICLE ELECTRIFICATION MARKET TO GROW AT HIGHER RATE COMPARED TO PREVIOUS ESTIMATES44
2RESEARCH METHODOLOGY45
2.1RESEARCH DATA45
FIGURE 3RESEARCH PROCESS FLOW45
FIGURE 4RESEARCH DESIGN46
2.1.1SECONDARY DATA46
2.1.1.1Secondary sources47
2.1.2PRIMARY DATA47
2.1.2.1Primary sources47
2.1.3MILITARY VEHICLE ELECTRIFICATION PRIMARY DATA48
2.2RESEARCH APPROACH & METHODOLOGY48
2.2.1BOTTOM-UP APPROACH49
2.2.1.1Market size estimation49
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH49
2.2.2TOP-DOWN APPROACH49
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH49
2.3MARKET TRIANGULATION50
2.3.1TRIANGULATION THROUGH SECONDARY RESEARCH50
FIGURE 7DATA TRIANGULATION50
2.4RESEARCH ASSUMPTIONS51
FIGURE 8ASSUMPTIONS FOR THE RESEARCH STUDY ON THE MILITARY VEHICLE ELECTRIFICATION MARKET51
2.5RISK ANALYSIS51
3EXECUTIVE SUMMARY52
FIGURE 9COMBAT VEHICLES ACCOUNTED FOR LARGEST SHARE OF MVE MARKET IN 202253
FIGURE 10MANNED MODE TO ACCOUNT FOR LARGEST SHARE OF MVE MARKET IN 202253
FIGURE 11POWER CONVERSION SYSTEM TO ACCOUNT FOR LARGEST SHARE OF MVE MARKET IN 202254
FIGURE 12FULLY ELECTRIC TECHNOLOGY TO ACCOUNT FOR HIGHEST CAGR54
FIGURE 13NORTH AMERICA TO ACCOUNT FOR HIGHEST MARKET SHARE55
4PREMIUM INSIGHTS56
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MILITARY VEHICLE ELECTRIFICATION MARKET56
FIGURE 14INCREASING MODERN BATTLEFIELD REQUIREMENTS TO DRIVE MARKET56
4.2MILITARY VEHICLE ELECTRIFICATION MARKET, BY COMBAT VEHICLES57
FIGURE 15WEAPON SYSTEM ARMORED PERSONNEL CARRIERS PROJECTED TO LEAD DURING FORECAST PERIOD57
4.3MILITARY VEHICLE ELECTRIFICATION MARKET, BY COMBAT SUPPORT VEHICLES57
FIGURE 16REPAIR AND RECOVERY VEHICLES SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD57
4.4MILITARY VEHICLE ELECTRIFICATION MARKET, BY ENERGY STORAGE58
FIGURE 17BATTERIES SEGMENT PROJECTED TO LEAD DURING FORECAST PERIOD58
4.5MILITARY VEHICLE ELECTRIFICATION MARKET, BY BATTERIES (2022)58
FIGURE 18LITHIUM-ION/LITHIUM-POLYMER BATTERIES TO ACCOUNT FOR LARGEST MVE MARKET SHARE IN 202258
4.6MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPLY TRUCKS59
FIGURE 19AMMUNITION REPLENISHMENT VEHICLES TO LEAD MVE MARKET59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS60
FIGURE 20DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MVE MARKET60
5.2.1DRIVERS61
5.2.1.1Increase in modern battlefield requirements61
5.2.1.2Rise in requirement for electric power sources61
5.2.1.3Rise in demand for autonomous military vehicles61
5.2.1.4Increase in budget allocation for hybrid electric vehicles62
TABLE 2DEFENSE EXPENDITURE BY MAJOR COUNTRIES (USD TRILLION)62
5.2.1.5Evolution of advanced hybrid propulsion systems62
5.2.2RESTRAINTS63
5.2.2.1Enhancement in power-weight ratio63
5.2.2.2Limited range of military electric vehicles63
5.2.2.3High cost of fuel cell electric vehicles63
5.2.3OPPORTUNITIES64
5.2.3.1Demand for power resources64
5.2.3.2Development of hydrogen-fuel-cell-powered military vehicles64
5.2.3.3Development of advanced power electronics components65
5.2.4CHALLENGES65
5.2.4.1Life and durability of integrated systems65
5.2.4.2Range and charging limits65
5.3MARKET ECOSYSTEM66
5.3.1PROMINENT COMPANIES66
5.3.2PRIVATE AND SMALL ENTERPRISES66
5.3.3END USERS66
FIGURE 21MVE MARKET ECOSYSTEM MAP66
TABLE 3MILITARY VEHICLE ELECTRIFICATION MARKET ECOSYSTEM67
5.4TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS68
5.4.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR MILITARY VEHICLE ELECTRIFICATION MANUFACTURERS68
FIGURE 22REVENUE SHIFT IN MILITARY VEHICLE ELECTRIFICATION MARKET68
5.5TECHNOLOGY ANALYSIS68
5.5.1ADDITIVE MANUFACTURING—HIGH POWER DENSITY MACHINES68
5.5.2INTEGRATION OF ADVANCED WEAPON SYSTEMS69
5.6VALUE CHAIN ANALYSIS69
FIGURE 23SUPPLY CHAIN ANALYSIS: MVE MARKET69
5.7PORTER’S FIVE FORCES ANALYSIS71
TABLE 4MVE MARKET: PORTER’S FIVE FORCES ANALYSIS71
FIGURE 24MVE MARKET: PORTER’S FIVE FORCES ANALYSIS71
5.7.1THREAT OF NEW ENTRANTS72
5.7.2THREAT OF SUBSTITUTES72
5.7.3BARGAINING POWER OF SUPPLIERS72
5.7.4BARGAINING POWER OF BUYERS73
5.7.5INTENSITY OF COMPETITIVE RIVALRY73
5.8KEY STAKEHOLDERS & BUYING CRITERIA74
5.8.1KEY STAKEHOLDERS IN BUYING PROCESS74
FIGURE 25INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP-THREE SOLUTIONS74
TABLE 5INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP-THREE PLATFORM TYPES (%)74
5.8.2BUYING CRITERIA75
FIGURE 26KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS75
TABLE 6KEY BUYING CRITERIA FOR TOP-THREE PLATFORMS75
5.9KEY CONFERENCES & EVENTS IN 2022–202376
TABLE 7MVE MARKET: CONFERENCES & EVENTS76
5.10TARIFF AND REGULATORY LANDSCAPE76
5.10.1NORTH AMERICA76
5.10.2EUROPE77
5.10.3ASIA PACIFIC77
5.10.4MIDDLE EAST77
5.11TRADE ANALYSIS77
5.12PRICING ANALYSIS78
FIGURE 27COST COMPARISON OF ELECTRIC VEHICLE POWERTRAIN COMPONENTS: 2017 VS. 202578
FIGURE 28COST STRUCTURE OF BATTERY ELECTRIC VEHICLE79
6INDUSTRY TRENDS80
6.1INTRODUCTION80
6.2TECHNOLOGY TRENDS80
6.2.1BATTERY SOURCES AND TYPES80
6.2.1.1Lithium-ion batteries80
6.2.1.2Lead-acid batteries81
6.2.1.3Nickel-metal hydride batteries81
6.2.1.4Solid-state batteries81
TABLE 8COMPARISON BETWEEN BATTERIES82
6.2.2ADVANCED INTEGRATED COMMUNICATION AND NETWORK SYSTEMS82
6.3USE CASE ANALYSIS82
6.3.1HIGHLAND SYSTEM (UKRAINE) DEVELOPS FIRST HYBRID ARMORED CATERPILLAR VEHICLE82
6.3.2ELECTRIC HYBRID PROPULSION SYSTEM FOR ARMORED COMBAT VEHICLE83
6.3.3US ARMY TO ADOPT ELECTRIC COMBAT VEHICLE83
6.4IMPACT OF MEGATRENDS83
6.4.1AUTONOMOUS VEHICLES IN THE MILITARY SECTOR83
6.4.2POLICIES SUPPORTING BATTERY AND HYDROGEN TECHNOLOGIES83
6.5INNOVATION & PATENT REGISTRATIONS84
TABLE 9IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2010-202184
7MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM86
7.1INTRODUCTION87
FIGURE 29MVE MARKET, BY PLATFORM, 2022–2027 (USD MILLION)87
TABLE 10MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)87
TABLE 11MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)88
7.2COMBAT VEHICLES88
TABLE 12COMBAT VEHICLES: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)88
TABLE 13COMBAT VEHICLES: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)89
7.2.1MAIN BATTLE TANKS89
7.2.1.1Increasing demand for MBTs in cross-country operations89
7.2.2INFANTRY FIGHTING VEHICLES89
7.2.2.1Procurement of IFVs by emerging economies leading to increasing demand89
7.2.3WEAPON SYSTEM ARMORED PERSONNEL CARRIERS (APCS)90
7.2.3.1Increased demand for weapon system armored personnel carriers90
7.2.4ARMORED AMPHIBIOUS VEHICLES (AAVS)90
7.2.4.1Increasing demand for troop carriers on battlefields from sea to land90
7.2.5MINE-RESISTANT AMBUSH PROTECTED (MRAP) VEHICLES90
7.2.5.1Use of MRAPS for protection of troops from IEDS and mines90
7.2.6LIGHT ARMORED VEHICLES (LAVS)91
7.2.6.1Increasing use of LAVS for border patrolling and surveillance activities91
7.2.7SELF-PROPELLED HOWITZERS (SPHS)91
7.2.7.1Increasing demand for self-propelled howitzers (SPHS) on battlefields91
7.2.8MORTAR CARRIERS91
7.2.8.1Demand for military vehicles with mortars and dedicated compartments for mortar storage91
7.2.9AIR DEFENSE VEHICLES91
7.2.9.1Adoption of vehicle-mounted anti-aircraft guns for air defense roles91
7.3COMBAT SUPPORT VEHICLES91
TABLE 14COMBAT SUPPORT VEHICLES: MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY PLATFORM, 2019–2021 (USD MILLION)92
TABLE 15COMBAT SUPPORT VEHICLES: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)92
7.3.1SUPPLY TRUCKS92
TABLE 16MILITARY VEHICLE ELECTRIFICATION MARKET, BY SUPPLY TRUCKS, 2019–2021 (USD MILLION)92
TABLE 17MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY SUPPLY TRUCKS, 2022–2027 (USD MILLION)93
7.3.1.1Fuel trucks93
7.3.1.1.1Increased use of fuel trucks to supply and transport gas, diesel, or jet fuels93
7.3.1.2Ambulances93
7.3.1.3Ammunition replenishment vehicles93
7.3.2COMMAND AND CONTROL VEHICLES93
7.3.3REPAIR AND RECOVERY VEHICLES94
7.3.4OTHERS94
7.4UNMANNED ARMORED VEHICLES94
7.4.1INCREASED RESEARCH & DEVELOPMENT FOR APPLICATIONS OF UNMANNED ARMORED VEHICLES94
 
8MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION95
8.1INTRODUCTION96
FIGURE 30MVE MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)96
TABLE 18MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY MODE OF OPERATION, 2019–2021 (USD MILLION)96
TABLE 19MILITARY VEHICLE ELECTRIFICATION MARKET SIZE, BY MODE OF OPERATION, 2022–2027 (USD MILLION)96
8.2MANNED VEHICLES97
8.2.1INVESTMENTS BY VARIOUS COUNTRIES TO DRIVE MARKET97
8.3AUTONOMOUS/SEMI-AUTONOMOUS VEHICLES97
8.3.1DEVELOPMENT OF UGVS FOR COMBAT SUPPORT VEHICLES EXPECTED TO DRIVE MARKET97
9MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM98
9.1INTRODUCTION99
FIGURE 31MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM, 2022–2027 (USD MILLION)99
TABLE 20MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM, 2019–2021 (USD MILLION)99
TABLE 21MILITARY VEHICLE ELECTRIFICATION MARKET, BY SYSTEM, 2022–2027 (USD MILLION)100
9.2POWER GENERATION100
9.2.1INCREASE IN DEMAND FOR POWER GENERATION SYSTEMS100
9.2.2ENGINES/GENERATORS100
9.2.2.1Hybrid engines/generators100
9.2.2.1.1Demand for robust and durable power generation sources for military vehicles100
9.2.2.2Turbine engines/generators101
9.2.2.2.1Rise in demand for turbine engines/generators101
9.2.3GENERATOR CONTROLLERS101
9.2.4AIR INDUCTION SYSTEMS101
9.2.5TRACTION MOTORS/PROPULSION MOTORS101
9.3COOLING SYSTEMS101
9.3.1NEED FOR COOLING SYSTEMS FOR MAINTENANCE OF ENGINE OPERATION101
9.3.2HEAT EXCHANGERS101
9.3.3FANS101
9.4ENERGY STORAGE SYSTEMS102
9.4.1REQUIREMENT OF BATTERY SYSTEMS FOR UNINTERRUPTED POWER SUPPLY TO VEHICLES102
TABLE 22MILITARY VEHICLE ELECTRIFICATION MARKET, BY ENERGY STORAGE, 2019–2021 (USD MILLION)102
TABLE 23MILITARY VEHICLE ELECTRIFICATION MARKET, BY ENERGY STORAGE, 2022–2027 (USD MILLION)102
9.4.2BATTERIES102
9.4.2.1Increase in demand for lithium-ion batteries for military vehicles102
TABLE 24MILITARY VEHICLE ELECTRIFICATION MARKET, BY BATTERIES, 2019–2021 (USD MILLION)103
TABLE 25MILITARY VEHICLE ELECTRIFICATION MARKET, BY BATTERIES, 2022–2027 (USD MILLION)103
9.4.2.2Lead-acid batteries103
9.4.2.3Nickel-metal hydride batteries103
9.4.2.4Lithium-ion batteries103
9.4.2.5Solid-state batteries104
9.4.2.6Others104
9.4.3FUEL CELLS104
9.5TRACTION DRIVE SYSTEMS104
9.5.1REQUIREMENT OF TRACTION DRIVE SYSTEMS TO INCREASE PROPULSION OF VEHICLES104
9.5.2EX-DRIVES104
9.5.3TRACTION CONTROLLERS104
9.5.4FINAL DRIVES105
9.6POWER CONVERSION105
9.6.1INCREASE IN DEMAND FOR POWER CONVERSION SOLUTIONS FOR ONBOARD VEHICLE MANAGEMENT SYSTEMS105
9.6.2DC-DC CONVERTORS105
9.6.3POWER INVERTERS105
9.6.4ONBOARD CHARGERS (ALTERNATORS)105
9.7TRANSMISSION SYSTEMS105
9.7.1INCREASE IN DEMAND TO REDUCE THERMAL AND ACOUSTIC CHARACTERISTICS105
10MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY107
10.1INTRODUCTION108
FIGURE 32MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)108
TABLE 26MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)108
TABLE 27MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)108
10.2HYBRID ELECTRIC VEHICLES109
10.2.1NEED FOR HYBRID ELECTRIC VEHICLES TO INCREASE EFFICIENCY EXPECTED TO DRIVE MARKET109
10.3FULLY ELECTRIC VEHICLES109
10.3.1ADOPTION OF FULLY ELECTRIC VEHICLES FOR NONCOMBAT UTILITY PURPOSES TO DRIVE MARKET GROWTH109
 
11MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION110
11.1INTRODUCTION111
FIGURE 33ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD111
TABLE 28MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION, 2019–2021 (USD MILLION)112
TABLE 29MILITARY VEHICLE ELECTRIFICATION MARKET, BY REGION, 2022–2027 (USD MILLION)112
11.2NORTH AMERICA112
11.2.1PESTLE ANALYSIS: NORTH AMERICA112
FIGURE 34NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT114
TABLE 30NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)114
TABLE 31NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)115
TABLE 32NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)115
TABLE 33NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)115
TABLE 34NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)115
TABLE 35NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)116
TABLE 36NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)116
TABLE 37NORTH AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)116
11.2.2US116
11.2.2.1Electric vehicles adopted by US Army as part of climate strategy116
TABLE 38US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)117
TABLE 39US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)117
TABLE 40US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)117
TABLE 41US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)117
TABLE 42US: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)118
TABLE 43US MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)118
11.2.3CANADA118
11.2.3.1Increasing R&D investments to drive market growth118
TABLE 44CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)118
TABLE 45CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)119
TABLE 46CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)119
TABLE 47CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)119
TABLE 48CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)119
TABLE 49CANADA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)120
11.3EUROPE120
11.3.1PESTLE ANALYSIS: EUROPE120
FIGURE 35EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT122
TABLE 50EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)123
TABLE 51EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)123
TABLE 52EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)123
TABLE 53EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)124
TABLE 54EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)124
TABLE 55EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)124
TABLE 56EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)124
TABLE 57EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)125
11.3.2UK125
11.3.2.1Electrification trend to be led by modernization programs125
TABLE 58UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)125
TABLE 59UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)125
TABLE 60UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)126
TABLE 61UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)126
TABLE 62UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)126
TABLE 63UK: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)126
11.3.3FRANCE127
11.3.3.1Procurement of new-generation combat vehicles to drive MVE market127
TABLE 64FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)127
TABLE 65FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)127
TABLE 66FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)127
TABLE 67FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)128
TABLE 68FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)128
TABLE 69FRANCE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)128
11.3.4GERMANY128
11.3.4.1Increased military funding amidst growing Ukraine-Russia tension128
TABLE 70GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)129
TABLE 71GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)129
TABLE 72GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)129
TABLE 73GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)129
TABLE 74GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)130
TABLE 75GERMANY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)130
11.3.5RUSSIA130
11.3.5.1Increased military spending amidst military campaign in Ukraine130
TABLE 76RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)130
TABLE 77RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)131
TABLE 78RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)131
TABLE 79RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)131
TABLE 80RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)131
TABLE 81RUSSIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)132
11.3.6ITALY132
11.3.6.1Increase in upgrades expected to boost market132
TABLE 82ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)132
TABLE 83ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)132
TABLE 84ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)133
TABLE 85ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)133
TABLE 86ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)133
TABLE 87ITALY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)133
11.3.7NORWAY134
11.3.7.1Modernization effort by Norwegian Armed Forces to propel demand for MVEs134
TABLE 88NORWAY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)134
TABLE 89NORWAY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)134
TABLE 90NORWAY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)134
TABLE 91NORWAY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)135
TABLE 92NORWAY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)135
TABLE 93NORWAY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)135
11.3.8REST OF EUROPE135
TABLE 94REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)135
TABLE 95REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)136
TABLE 96REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)136
TABLE 97REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)136
TABLE 98REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)136
TABLE 99REST OF EUROPE: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)137
11.4ASIA PACIFIC137
11.4.1PESTLE ANALYSIS: ASIA PACIFIC137
FIGURE 36ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT139
TABLE 100ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)139
TABLE 101ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)140
TABLE 102ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)140
TABLE 103ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)140
TABLE 104ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)140
TABLE 105ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)141
TABLE 106ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)141
TABLE 107ASIA PACIFIC: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)141
11.4.2CHINA141
11.4.2.1China positions itself as supply-chain leader in electrification trend141
TABLE 108CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)142
TABLE 109CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)142
TABLE 110CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)142
TABLE 111CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)142
TABLE 112CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)143
TABLE 113CHINA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)143
11.4.3INDIA143
11.4.3.1Adoption of EVs in Indian Army to lower dependency on fossil fuels143
TABLE 114INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)143
TABLE 115INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)144
TABLE 116INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)144
TABLE 117INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)144
TABLE 118INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)144
TABLE 119INDIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)145
11.4.4JAPAN145
11.4.4.1Need to strengthen combat capabilities to boost market145
TABLE 120JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)145
TABLE 121JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)145
TABLE 122JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)146
TABLE 123JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)146
TABLE 124JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)146
TABLE 125JAPAN: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)146
11.4.5AUSTRALIA147
11.4.5.1Adoption of hybrid vehicles to support evolving battlefield requirements147
TABLE 126AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)147
TABLE 127AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)147
TABLE 128AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)147
TABLE 129AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)148
TABLE 130AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)148
TABLE 131AUSTRALIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)148
11.4.6SOUTH KOREA148
11.4.6.1Vision to digitally transform defense sector to drive market148
TABLE 132SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)149
TABLE 133SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)149
TABLE 134SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)149
TABLE 135SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)149
TABLE 136SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)150
TABLE 137SOUTH KOREA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)150
11.5MIDDLE EAST150
11.5.1PESTLE ANALYSIS: MIDDLE EAST & AFRICA150
FIGURE 37MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT152
TABLE 138MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)152
TABLE 139MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)153
TABLE 140MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)153
TABLE 141MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)153
TABLE 142MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)154
TABLE 143MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)154
TABLE 144MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)154
TABLE 145MIDDLE EAST & AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)154
11.5.2ISRAEL155
11.5.2.1Military modernization programs and development of capabilities of defense organization to drive market155
TABLE 146ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)155
TABLE 147ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)155
TABLE 148ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)155
TABLE 149ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)156
TABLE 150ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)156
TABLE 151ISRAEL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)156
11.5.3TURKEY156
11.5.3.1Focus on strengthening defense capability to fuel market growth156
TABLE 152TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)157
TABLE 153TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)157
TABLE 154TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)157
TABLE 155TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)157
TABLE 156TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)158
TABLE 157TURKEY: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)158
11.5.4SAUDI ARABIA158
11.5.4.1Procurement of military combat vehicles and armored personnel vehicles to boost growth158
TABLE 158SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)158
TABLE 159SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)159
TABLE 160SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)159
TABLE 161SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)159
TABLE 162SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)159
TABLE 163SAUDI ARABIA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)160
11.5.5SOUTH AFRICA160
11.5.5.1Modernization of armed forces to lead growth of military vehicle market160
TABLE 164SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)160
TABLE 165SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)160
TABLE 166SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)161
TABLE 167SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)161
TABLE 168SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)161
TABLE 169SOUTH AFRICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)161
11.6LATIN AMERICA162
11.6.1PESTLE ANALYSIS: LATIN AMERICA162
FIGURE 38LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET SNAPSHOT163
TABLE 170LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2019–2021 (USD MILLION)163
TABLE 171LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)164
TABLE 172LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)164
TABLE 173LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)164
TABLE 174LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)164
TABLE 175LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)165
TABLE 176LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)165
TABLE 177LATIN AMERICA: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)165
11.6.2BRAZIL165
11.6.2.1Modernization of armed forces to propel market165
TABLE 178BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2019–2021 (USD MILLION)166
TABLE 179BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY PLATFORM, 2022–2027 (USD MILLION)166
TABLE 180BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2019–2021 (USD MILLION)166
TABLE 181BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY MODE OF OPERATION, 2022–2027 (USD MILLION)166
TABLE 182BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2019–2021 (USD MILLION)167
TABLE 183BRAZIL: MILITARY VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY, 2022–