Latest News - Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market: Manned military HEV and EV is expected to lead the Product segment during 2025-2029

The Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market is being driven by Push toward adoption of green (eco-friendly) vehicles

The Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market is expected to grow at a CAGR of 20.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17976.5 billion. The global military hybrid electric vehicle (HEV) and electric vehicle (EV) market is experiencing robust growth, driven primarily by advancements in battery technology. High-performance batteries are essential for enhancing the range, efficiency, and overall capabilities of military EVs and HEVs. Lithium-ion batteries, in particular, have undergone significant advancements, providing higher energy density, faster charging times, and enhanced durability. These technological improvements enable militaries worldwide to integrate electric propulsion systems into a diverse range of applications, from logistics vehicles to combat platforms. Key industry players, including Lockheed Martin, General Dynamics Corp., and BAE Systems Plc, are leading the charge in the development and supply of cutting-edge battery technologies for military HEVs and EVs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Manned military HEV and EV
  • Unmanned military HEV and EV
• Type
  • AC charging
  • DC charging
• Application
  • Combat vehicles
  • Support vehicles
  • Unmanned vehicles
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Push toward adoption of green (eco-friendly) vehicles
• Stringent regulations on emissions and fuel efficiency
• Increasing sales of military EVs and HEVs

However, the market also witnesses some limitations, which are as follows:

• High total cost of ownership of HEVs
• Lack of a robust charging infrastructure
• Range limitations with EVs and HEVs

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Market Scope in Military Hybrid Electric Vehicle (HEV) And Electric Vehicle (EV) Market Research Report

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Research Analysis Overview

In the Military HEV and EV market, electric power generation from renewable energy sources such as solar panels and wind turbines is a growing trend. Fuel cell technology and hydrogen storage are also being explored for zero-emission power. Electric grid integration, smart charging, and wireless charging are key technologies for efficient energy management. Battery swapping, fast charging, and thermal management ensure optimal performance. Recycling batteries, cybersecurity, AI, ML, and data analytics enhance vehicle capabilities. Autonomous mobility, connected vehicles, traffic management, fleet management, logistics optimization, mission planning, and situational awareness are essential for military applications. Command & control, military communication systems, satellite communication, sensor fusion, image recognition, object tracking, military robotics, and automation complete the technological landscape.

Market Research Overview

The global aerospace and defense industry comprises companies involved in the manufacturing of commercial and general aviation aircraft, defense platforms for naval, land, and air applications, arms and ammunition, defense electronics, logistics equipment, and space technology. This sector also includes maintenance, repair, and overhaul (MRO) services for both commercial aviation and defense sectors. In the realm of military land vehicles, Technavio's market analysis covers the growing adoption of Military Hybrid Electric Vehicles (HEVs) and Electric Vehicles (EVs), featuring advanced electric drive systems, lithium-ion batteries, and electric motors, to enhance military capabilities and reduce environmental impact. The global capital goods market size for this industry is determined by the revenue generated from the sales of these products and services. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/