Market Overview:
The global military hybrid electric vehicle (HEV) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles across the globe. Additionally, the growing concerns over climate change are also propelling the demand for HEVs in military applications. The global military hybrid electric vehicle (HEV) market is segmented on the basis of type, application, and region. On the basis of type, it is divided into battery-powered HEVs, fuel cell powered HEVs, solar cell powered HEVs and other types of hybrids such as hydraulic hybrids and flywheel hybrids. The battery-powered segment dominates this market owing to its high efficiency and low emissions as compared to other types of powertrains available in HEVs. By application, transport vehicles account for a major share in this market followed by drill vehicles used by militaries across different regions globally.
 Industry Outlook.svg)
Product Definition:
Military Hybrid Electric Vehicle (HEV) is defined as a vehicle that utilizes both an internal combustion engine and an electric motor to power the vehicle. The internal combustion engine powers a generator that provides electrical power to the electric motor. This configuration allows for greater fuel economy and reduced emissions when compared to a traditional military vehicle. Military Hybrid Electric Vehicles are used in a variety of applications, including reconnaissance, communications, transportation, and supply missions.
Battery:
Battery is a source of energy that is used in various applications across the HEV industry.
Fuel Cell:
A fuel cell is an electrochemical device that generates electricity by harnessing the energy from a fuel (such as hydrogen) and oxygen. Fuel cells have gained popularity in recent years owing to their ability to generate power without any harmful emissions. The primary components of a fuel cell are the electrodes, catalysts, and electrolyte. A catalyst is used to reduce the electron impact speed when it meets with oxygen; this product can be either organic or inorganic in nature.
Application Insights:
The other application segment includes personal mobility, logistics and others. Personal mobility includes golf cars and sports cars that are used for military purposes. The transport application segment is expected to dominate the global market in terms of revenue share by 2030 owing to the high demand from countries such as U.S., China, India, Germany and France among others.
Drill applications include armored personnel carriers (APCs), tanks etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players, such as General Motors Company; Ford Motor Company; and Tesla, Inc. The region is expected to maintain its dominance over the forecast period. However, Asia Pacific is projected to witness a CAGR of XX% during the same period due to increasing government initiatives for promoting green vehicles along with growing demand for HEVs from countries like China and India. Moreover, supportive regulations framed by various governments across countries are likely to boost regional growth in near future. For instance, in December 2016 China announced plans of ordering 1 million hybrid electric or plug-in electric vehicles by 2020 which will be used primarily for public transportation purposes.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: A military HEV is a more fuel-efficient option as compared to traditional combustion engine vehicles, which will result in an increase in their demand.
- Stringent emission norms: Governments across the world are implementing stringent emission norms, which is resulting in the increased adoption of HEVs by various segments including military.
- Rising concerns over environmental pollution: The growing concerns over environmental pollution are prompting governments and consumers to shift towards eco-friendly alternatives such as HEVs, thereby driving the market growth.
- Technological advancements: Ongoing technological advancements are resulting in the development of more advanced and efficient HEV models that offer better performance and lower emissions, thereby fuelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Hybrid Electric Vehicle (HEV) Market Research Report
By Type
Battery, Fuel Cell, Solar Cell, Other
By Application
Transport, Drill, Other
By Companies
General Motors, Lockheed Martin, Boeing, General Dynamics, Logos Technologies, Magnet Motor, Zero Motorcycles, AeroVironment, BAE Systems, Ford Motor Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Military Hybrid Electric Vehicle (HEV) Market Report Segments:
The global Military Hybrid Electric Vehicle (HEV) market is segmented on the basis of:
Types
Battery, Fuel Cell, Solar Cell, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transport, Drill, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Motors
- Lockheed Martin
- Boeing
- General Dynamics
- Logos Technologies
- Magnet Motor
- Zero Motorcycles
- AeroVironment
- BAE Systems
- Ford Motor Company
 Market Overview.svg)
Highlights of The Military Hybrid Electric Vehicle (HEV) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery
- Fuel Cell
- Solar Cell
- Other
- By Application:
- Transport
- Drill
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Hybrid Electric Vehicle (HEV) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A military hybrid electric vehicle (HEV) is a type of electric vehicle that uses both gasoline and electricity to power the vehicle. HEVs are typically more fuel efficient than traditional gasoline-powered vehicles, and they can also reduce emissions from military operations.
Some of the major companies in the military hybrid electric vehicle (hev) market are General Motors, Lockheed Martin, Boeing, General Dynamics, Logos Technologies, Magnet Motor, Zero Motorcycles, AeroVironment, BAE Systems, Ford Motor Company.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Hybrid Electric Vehicle (HEV) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Hybrid Electric Vehicle (HEV) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Hybrid Electric Vehicle (HEV) Market - Supply Chain
4.5. Global Military Hybrid Electric Vehicle (HEV) Market Forecast
4.5.1. Military Hybrid Electric Vehicle (HEV) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Hybrid Electric Vehicle (HEV) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Hybrid Electric Vehicle (HEV) Market Absolute $ Opportunity
5. Global Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Type
5.3.1. Battery
5.3.2. Fuel Cell
5.3.3. Solar Cell
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Application
6.3.1. Transport
6.3.2. Drill
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Military Hybrid Electric Vehicle (HEV) Demand Share Forecast, 2019-2026
9. North America Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Application
9.4.1. Transport
9.4.2. Drill
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Type
9.7.1. Battery
9.7.2. Fuel Cell
9.7.3. Solar Cell
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Military Hybrid Electric Vehicle (HEV) Demand Share Forecast, 2019-2026
10. Latin America Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Application
10.4.1. Transport
10.4.2. Drill
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Type
10.7.1. Battery
10.7.2. Fuel Cell
10.7.3. Solar Cell
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Military Hybrid Electric Vehicle (HEV) Demand Share Forecast, 2019-2026
11. Europe Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Application
11.4.1. Transport
11.4.2. Drill
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Type
11.7.1. Battery
11.7.2. Fuel Cel
11.7.3. Solar Cell
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Military Hybrid Electric Vehicle (HEV) Demand Share, 2019-2026
12. Asia Pacific Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Application
12.4.1. Transport
12.4.2. Drill
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Type
12.7.1. Battery
12.7.2. Fuel Cell
12.7.3. Solar Cell
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Military Hybrid Electric Vehicle (HEV) Demand Share, 2019-2026
13. Middle East & Africa Military Hybrid Electric Vehicle (HEV) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Application
13.4.1. Transport
13.4.2. Drill
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Hybrid Electric Vehicle (HEV) Market Size and Volume Forecast by Type
13.7.1. Battery
13.7.2. Fuel Cell
13.7.3. Solar Cell
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Military Hybrid Electric Vehicle (HEV) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Hybrid Electric Vehicle (HEV) Market: Market Share Analysis
14.2. Military Hybrid Electric Vehicle (HEV) Distributors and Customers
14.3. Military Hybrid Electric Vehicle (HEV) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Motors
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lockheed Martin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boeing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Dynamics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Logos Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Magnet Motor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zero Motorcycles
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AeroVironment
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BAE Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ford Motor Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
