Global Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market 2017-2021

Published: August 2017
No. of Pages: 70
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Hybrid electric vehicles (HEVs) have a combination of electric and IC power sources, which gives them significantly enhanced performance and mileage compared with heavy-duty, combustion-only, and electric-only vehicles. EVs and HEVs accelerate faster than combustion-only vehicles and can be used as portable generators to power onboard sensors, targeting devices, weapon systems, mobile hospitals, and other command and control (C2) systems.

The analysts forecast global military hybrid electric vehicle (HEV) and electric vehicle (EV) market to grow at a CAGR of 14.17% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the global military hybrid electric vehicle (HEV) and electric vehicle (EV) market for 2017-2021. To calculate the market size, the report considers new procurements (based on contracts) and new agreements pertaining to the development (manufacturing) of HEVs and EVs by the defense ministries across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • AeroVironment
  • BAE Systems
  • Ford Motor Company
  • General Motors
  • Lockheed Martin

Other prominent vendors

  • Boeing
  • General Dynamics
  • Logos Technologies
  • Magnet Motor
  • Zero Motorcycles

Market driver

  • Development of cost-effective vehicles
  • For a full, detailed list, view our report

Market challenge

  • Limitations in range and power storage capacity of EVs
  • For a full, detailed list, view our report

Market trend

  • Development and use of advanced lithium-ion power sources
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Published By: Technavio
Product Code: Technavio17072


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