Global Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market Will Grow At A CAGR Of 14.17% By 2021
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.
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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.
Technavios analysts forecast the 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
The 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
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Technavio's 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. The 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
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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?
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