Product Code: AD085A
The Global Military Ground Vehicle Propulsion System Market Anticipated to Reach to $17.31 Billion by 2030, Reports BIS Research
Key Questions Answered in this Report:
- What are the trends in the global military ground vehicle propulsion system market across different regions?
- What are the major driving forces that tend to increase the demand for military ground vehicle propulsion system during the forecast period 2020-2030?
- What are the major challenges inhibiting the growth of the global military ground vehicle propulsion system market?
- What are the major technological advancements that drive the global military ground vehicle propulsion system market growth?
- What is the average price of military ground vehicle propulsion system by technology (hybrid, electric, conventional, plug-in-hybrid electric) in 2020, and what is it expected to be in 2025, and 2030?
- Which technology (hybrid, electric, conventional, plug-in-hybrid electric) is expected to dominate the military ground vehicle propulsion system market in the coming years?
- What is the total revenue generated in global military ground vehicle propulsion system market by vehicle type in 2019 and what are the estimates by 2030?
- Which application of military ground vehicle propulsion system (combat support, mining, explosive ordinance disposal (EOD), intelligence, surveillance and reconnaissance (ISR), logistics and support, and others) is expected to dominate the market in the coming years?
- What was the total revenue generated by the global military ground vehicle propulsion system market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, and what are the estimates by 2030?
- Who are the key players in the global military ground vehicle propulsion system market, and what are the new strategies adopted by them to make a mark in the industry?
- What major opportunities do the military ground vehicle propulsion system companies foresee in the next five years?
- What are the major ongoing defense programs that are expected to lead to an increase in the adoption of global military ground vehicle propulsion system in the upcoming years?
- What is the competitive strength of the key leading players in the military ground vehicle propulsion system market?
Global Military Ground Vehicle Propulsion System Market Forecast
The military ground vehicle propulsion system industry analysis by BIS Research projects the market to grow at a significant CAGR of 5.89% on the basis of value during the forecast period from 2020 to 2030. North America dominated the global military ground vehicle propulsion system with a share of 32.60% in 2019.
In North America, the U.S. acquired a major market share in 2019 owing to the massive demand for advanced military vehicles to conduct expeditionary operations with little or no warning by the U.S. armies. The U.S. government is procuring remote controlled robotic vehicles for carrying ammunitions, water and other heavy combat necessities for armed forces through squad multipurpose equipment transport (SMET) programme.
Such programmes enable the manufacturers to develop robotic and autonomous systems with hybrid and electric propulsion systems at faster pace for Army brigade combat teams (BCTs) and in turn leverage significant market share in military ground vehicle propulsion system market.
The global military ground vehicle propulsion system has gained widespread importance owing to increasing conflicts, political instability, and terrorism activities, coupled with increasing border instability which in turn force countries to strengthen their military ground vehicle capabilities. However, limited range and long charging time required by electric, hybrid-electric or plug-in hybrid electric vehicles are some of the factors that are restraining the market growth.
Expert Quote
"Innovation in military ground vehicles is gradually taking shape, exploring advanced power options including hydrogen fuel cells, electric engines, and hybrid-electric engines. Civilian manufacturers and automotive engineers from defense organizations are discovering such innovative engine designs to provide additional benefits to militaries in range, reliability and fuel consumption."
Scope of the Global Military Ground Vehicle Propulsion System Market
The military ground vehicle propulsion system market research provides detailed market information for segmentation on the basis of technology, vehicle type, application, and regions. The purpose of this market analysis is to examine the military ground vehicle propulsion system outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.
Market Segmentation
The conventional propulsion system dominated the global military ground vehicle propulsion system in 2019 owing to high level dependence of the armies on diesel fuels for their vehicles to run.
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry that is analyzed. The report also analyzes different vehicle types that include armored fighting vehicle (AFV), combat tanks, self-propelled artillery and small robot UGVs.
In the application segment, the market is segmented into mining, explosive ordnance disposal (EOD), intelligence, surveillance and reconnaissance (ISR), logistics & support, combat support, and others.
The military ground vehicle propulsion system is segregated on the basis of five major regions, namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Data for each of these regions (by country) has also been provided in the report.
Key Companies in the Global Military Ground Vehicle Propulsion System Industry
The key market players in the global military ground vehicle propulsion system include General Dynamics, QinetiQ Group, Israel Aerospace Industries (IAI), BAE Systems, Lockheed Martin, Northrop Grumman Corporation, Oshkosh Corporation, Harris Corporation, Rheinmetall AG, Epsilor-Electric Fuel Ltd, Leonardo S.p.A, Cummins Inc, Caterpillar Inc, General Motors Company, and MTU Friedrichshafen GmbH.
Table of Contents
Executive Summary
1 Market Dynamics
- 1.1 Impact Analysis of Drivers and Restraints
- 1.2 Drivers
- 1.2.1 Increase in Defense Budget for Strengthening Military Capability
- 1.2.2 Growing Demand for New Engines
- 1.2.3 Discontinuation of Internal Combustion Technologies in Upcoming Years
- 1.2.4 Growing Demand for Autonomous System in Defense
- 1.3 Market Restraints
- 1.3.1 Alteration in Dynamic Stability and Overheating
- 1.3.2 High Cost of Fuel Cell Electric Vehicles
- 1.3.3 Limited Range and Long Charging Time
- 1.4 Market Opportunities
- 1.4.1 Optionally Manned Fighting Vehicles (OMFVs) Technology Development Programme by the U.S Army
- 1.4.2 Modernization Plan of Defense Forces Across the Globe
- 1.4.3 Increasing Capital Investment for Robotic Technologies
- 1.4.4 Expansion of Military Capabilities in EOD Missions
2 Competitive Insights
- 2.1 Key Strategies and Developments
- 2.1.1 Partnerships, Collaborations, and Contracts
- 2.1.2 Product Launches
- 2.1.3 Other Key Developments
- 2.2 Competitive Benchmarking (By Vehicle Type)
- 2.3 Competitive Benchmarking (By Propulsion System)
3 Industry Analysis
- 3.1 Industry Overview
- 3.2 Technology Outlook for Power Sources
- 3.3 Advanced Diesel Technologies
- 3.4 Major Ongoing Defense Programs
- 3.5 Product Mapping Analysis
- 3.6 Gaps in Performance of Electric Vehicles vs. ICE Vehicles
- 3.7 Industrial Vs Military Technological Pathways
- 3.8 Propulsion Systems Pricing Trends
- 3.8.1 Pricing Trends by Conventional Propulsion System for the Period of 2020, 2025, 2030 ($)
- 3.8.2 Pricing Trends by Electric Propulsion System for the Period of 2020, 2025, 2030 ($)
- 3.8.3 Pricing Trends by Hybrid Propulsion System for the Period of 2020, 2025, 2030 ($)
- 3.8.4 Pricing Trends by Plug-in-Hybrid Electric Propulsion System for the Period of 2020, 2025, 2030 ($)
- 3.9 Supply Chain Analysis
- 3.10 Export-Import Analysis: Military Tank and Armored Vehicles
- 3.11 Patent Analysis
4 Global Military Ground Vehicle Propulsion System Market, 2019-2030
- 4.1 Assumptions and Limitations
- 4.2 Market Overview
5 Global Military Ground Vehicle Propulsion System Market (by Technology), 2019-2030
- 5.1 Market Overview
- 5.1.1 Conventional Propulsion System
- 5.1.1.1 Conventional Propulsion System (by Mode of Operation)
- 5.1.2 Electric Propulsion System
- 5.1.2.1 Electric Propulsion System (by Mode of Operation)
- 5.1.3 Hybrid Propulsion System
- 5.1.3.1 Hybrid Propulsion System (by Mode of Operation)
- 5.1.4 Plug-in Hybrid Electric Propulsion System
- 5.1.4.1 Plug-in Hybrid Electric Propulsion System (by Mode of Operation)
6 Global Military Ground Vehicle Propulsion System Market (by Vehicle Type), 2019-2030
- 6.1 Market Overview
- 6.1.1 Armored Fighting Vehicles
- 6.1.2 Combat Tanks
- 6.1.3 Self-Propelled Artillery
- 6.1.4 Small UGV Robots
7 Global Military Ground Vehicle Propulsion System Market (by Application), 2019-2030
- 7.1 Market Overview
- 7.1.1 Mining
- 7.1.2 Explosive Ordnance Disposal (EOD)
- 7.1.3 Intelligence, Surveillance and Reconnaissance (ISR)
- 7.1.4 Logistics and Support
- 7.1.5 Combat Support
- 7.1.6 Others
8 Global Military Ground Vehicle Propulsion System Market (by Region)
- 8.1 Market Overview
- 8.2 North America
- 8.2.1 North America Military Ground Vehicle Propulsion System Market (by Technology)
- 8.2.2 North America Military Ground Vehicle Propulsion System Market (by Vehicle Type)
- 8.2.3 North America Military Ground Vehicle Propulsion System Market (by Country)
- 8.2.3.1 U.S.
- 8.2.3.2 Canada
- 8.3 Europe
- 8.3.1 Europe Military Ground Vehicle Propulsion System Market (by Technology)
- 8.3.2 Europe Military Ground Vehicle Propulsion System Market (by Vehicle Type)
- 8.3.3 Europe Military Ground Vehicle Propulsion System Market (by Country)
- 8.3.3.1 Germany
- 8.3.3.2 U.K.
- 8.3.3.3 France
- 8.3.3.4 Italy
- 8.3.3.5 Russia
- 8.3.3.6 Rest-of-Europe
- 8.4 Asia-Pacific
- 8.4.1 Asia-Pacific Military Ground Vehicle Propulsion System Market (by Technology)
- 8.4.2 Asia-Pacific Military Ground Vehicle Propulsion System Market (by Vehicle Type)
- 8.4.3 Asia-Pacific Military Ground Vehicle Propulsion System Market (Country)
- 8.4.3.1 China
- 8.4.3.2 India
- 8.4.3.3 Japan
- 8.4.3.4 South Korea
- 8.4.3.5 Rest-of-the-Asia-Pacific
- 8.5 Middle East and Africa
- 8.5.1 Middle East and Africa Military Ground Vehicle Propulsion System Market (by Technology)
- 8.5.2 Middle East and Africa Military Ground Vehicle Propulsion System Market (by Vehicle Type)
- 8.5.3 Middle East and Africa Military Ground Vehicle Propulsion System Market (by Country)
- 8.5.3.1 GCC Countries
- 8.5.3.2 Israel
- 8.5.3.3 South Africa
- 8.5.3.4 Turkey
- 8.5.3.5 Rest-of-Middle East and Africa
- 8.6 Latin America
- 8.6.1 Latin America Military Ground Vehicle Propulsion System Market (by Technology)
- 8.6.2 Latin America Military Ground Vehicle Propulsion System Market (by Vehicle Type)
- 8.6.3 Latin America Military Ground Vehicle Propulsion System Market (by Country)
- 8.6.3.1 Brazil
- 8.6.3.2 Mexico
- 8.6.3.3 Rest-of-Latin America
9 Company Profiles
- 9.1 BAE Systems
- 9.1.1 Company Overview
- 9.1.2 Role of BAE Systems in Global Military Ground Vehicle Propulsion System Market
- 9.1.3 Financials
- 9.1.4 SWOT Analysis
- 9.2 Cummins Inc.
- 9.2.1 Company Overview
- 9.2.2 Role of Cummins Inc. in Global Military Ground Vehicle Propulsion System Market
- 9.2.3 Financials
- 9.2.4 SWOT Analysis
- 9.3 Caterpillar Inc.
- 9.3.1 Company Overview
- 9.3.2 Role of Caterpillar Inc. in Global Military Ground Vehicle Propulsion System Market
- 9.3.3 Financials
- 9.3.4 SWOT Analysis
- 9.4 Epsilor-Electric Fuel Ltd.
- 9.4.1 Company Overview
- 9.4.2 Role of Epsilor-Electric Fuel Ltd. In Global Military Ground Vehicle Propulsion System Market
- 9.4.3 SWOT Analysis
- 9.5 General Dynamics
- 9.5.1 Company Overview
- 9.5.2 Role of General Dynamics in Global Military Ground Vehicle Propulsion System Market
- 9.5.3 Financials
- 9.5.4 SWOT Analysis
- 9.6 General Motors Company
- 9.6.1 Company Overview
- 9.6.2 Role of General Motors Company in Global Military Ground Vehicle Propulsion System Market
- 9.6.3 Financials
- 9.6.4 SWOT Analysis
- 9.7 Harris Corporation
- 9.7.1 Company Overview
- 9.7.2 Role of Harris Corporation in Global Military Ground Vehicle Propulsion System Market
- 9.7.3 Financials
- 9.7.4 SWOT Analysis
- 9.8 Israel Aerospace Industries Ltd.
- 9.8.1 Company Overview
- 9.8.2 Role of Israel Aerospace Industries Ltd. In Global Military Ground Vehicle Propulsion System Market
- 9.8.3 Financials
- 9.8.4 SWOT Analysis
- 9.9 Leonardo S.p.A.
- 9.9.1 Company Overview
- 9.9.2 Role of Leonardo S.p.A. in Global Military Ground Vehicle Propulsion System Market
- 9.9.3 Financials
- 9.9.4 SWOT Analysis
- 9.10 Lockheed Martin Corporation
- 9.10.1 Company Overview
- 9.10.2 Role of Lockheed Martin Corporation in Global Military Ground Vehicle Propulsion System Market
- 9.10.3 Financials
- 9.10.4 SWOT Analysis
- 9.11 MTU Friedrichshafen GmbH
- 9.11.1 Company Overview
- 9.11.2 Role of MTU Friedrichshafen GmbH in Global Military Ground Vehicle Propulsion System Market
- 9.11.3 SWOT Analysis
- 9.12 Northrop Grumman Corporation
- 9.12.1 Company Overview
- 9.12.2 Role of Northrop Grumman Corporation in Global Military Ground Vehicle Propulsion System Market
- 9.12.3 Financials
- 9.12.4 SWOT Analysis
- 9.13 Oshkosh Corporation
- 9.13.1 Company Overview
- 9.13.2 Role of Oshkosh Corporation in Global Military Ground Vehicle Propulsion System Market
- 9.13.3 Financials
- 9.13.4 SWOT Analysis
- 9.14 QinetiQ Group
- 9.14.1 Company Overview
- 9.14.2 Role of QinetiQ Group in Global Military Ground Vehicle Propulsion System Market
- 9.14.3 Financials
- 9.14.4 SWOT Analysis
- 9.15 Rheinmetall AG
- 9.15.1 Company Overview
- 9.15.2 Role of Rheinmetall AG in Global Military Ground Vehicle Propulsion System Market
- 9.15.3 Financials
- 9.15.4 SWOT Analysis
- 9.16 Other Key Players
- 9.16.1 AB Volvo
- 9.16.2 Achates Power, Inc.
- 9.16.3 Daimler AG
- 9.16.4 DEUTZ AG
- 9.16.5 ECA Group
- 9.16.6 Ford Motor Company
- 9.16.7 Navistar Inc.
- 9.16.8 Scania AB
- 9.16.9 Tata Motors Limited
- 9.16.10 Toyota Motor Corporation
- 9.16.11 Ultralife Corporation
10 Research Scope and BIS Methodology
- 10.1 Scope of the Report
- 10.2 Global Military Ground Vehicle Propulsion System Market Research Methodology
11 Appendix
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