Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market by Product, Type and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 165 SKU: IRTNTR75105

Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market Forecast 2023-2027

The military hybrid electric vehicle (HEV) and electric vehicle (EV) market is forecast to increase by USD 8.48 billion, at a CAGR of 14.36% between 2022 and 2027. The market growth analysis depends on several factors, including the push toward the adoption of green (eco-friendly) automobiles, the stringent regulations on emissions and fuel efficiency, and the increasing sales of HEVs. This report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the market analysis and report include historic market data from 2017 to 2021.

What will be the Size of the Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market During the Forecast Period?

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Technavio’s Exclusive Market Customer Landscape

The market research report includes the adoption lifecycle of the market, spanning from the innovator’s stage to the laggard’s stage. Furthermore, the market forecast report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.  

Global Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.   

Key Driver

Push toward the adoption of green (eco-friendly) vehicles is the key factor driving the growth of the market. The development and introduction of green cars and automobiles are considered important solutions for reducing greenhouse gas concentrations in the atmosphere to acceptable levels. These automobiles run on only electricity, hybrid power, and other energy sources such as solar, wind, and biofuels. The demand for green automobiles emerged as the main driver for the military HEV and EV market. Incentives and tax credits set by governments of various countries attract automobile manufacturers to invest in military HEV and EV production expansion in their region.

The global auto shows and conceptual car exhibitions by different OEMs are marked with several fuel-efficient hybrid cars titled 'green' mainstream. It is believed that the green automobiles push will drive the military HEV and EV market to higher growth, covering large shares of the market during the forecast period.


Significant Trends

High-density, high-power, and small-size Li-ion batteries is the primary trend in the market. Current hybrid systems include heavily built battery packs to facilitate electric drive functions when the engine is off. The battery pack can supply the energy needed for acceleration, recharging is done by regenerative braking, and it doesn't deplete much. However, this electric propulsion function is required only for a small portion of the time when the engine works in the inefficient range, which is while starting and sudden acceleration of the automobiles.

Therefore, the heavy battery pack gives no additional benefits. Furthermore, heavy battery packs can cause increased time for recharging. Align with market trends and analysis, unlike EVs, HEVs must be recharged through the engine and regenerative braking. Therefore, the efficiency of an HEV depends on the time rate at which energy can be taken out or pushed back into the battery pack and not on the electric drive mode. This can be achieved with small-size and high-density battery packs.


Major  Challenge

The high total cost of ownership of HEVs are a major challenge to the growth of the market. Military HEVs have a higher total cost of ownership than conventional internal combustion engine (ICE) automobiles. This is due to the use of advanced electronic components and design considerations, as well as the additional high-capacity batteries used in military HEVs. The cost of military HEVs depends on mileage provided, hours of use, fuel cost, and government subsidies. One of the best-selling economic hybrid automobiles, the Nissan Leaf, has a 24 kWh battery that costs USD12,000; in this amount, a plush sedan model of an ICE car can be availed.

Another example is the Chevrolet Volt, which uses a 6 kWh battery pack with an additional price of USD 5,000 compared with ICE automobiles. In addition, it has fewer hours of operation and miles/charge (range). After-sales costs such as services such as repairing hybrid automobiles components are costly due to the immature local market and the unavailability of hybrid automobiles replacement parts. Service facilities for military HEVs are few compared to established centers for regular ICE vehicles. Such factors will hinder market growth during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AeroVironment Inc.: The company offers that are used in delivering 24 plus hours of mission duration, an operational range of 185 km (115 mi) and BLOS capabilities.
Alke s.r.l.: The company offers that have up to 1.630 kg loading capacity and 4.500 kg towing capacity. 

We also have detailed analyses of the market’s competitive landscape and offer information on 20 companies, including:

  • BAE Systems Plc
  • Elbit Systems Ltd.
  • Ford Motor Co.
  • General Atomics
  • General Dynamics Corp.
  • General Motors Co.
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • Logos Technologies LLC
  • Milrem AS
  • Nikola Corp.
  • Northrop Grumman Systems Corp.
  • Oshkosh Corp.
  • QinetiQ Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Segmentation by Product, Type, Geography 

Product Segment Analysis:

The manned military HEV and EV segment will account for a major share of the market's growth during the forecast period. Manned HEVs and EVs are suitable for large-scale operations and have a low risk of technical failure. Such factors are the primary reasons for the adoption of manned HEVs and EVs over unmanned military HEVs and EVs. Therefore, increasing favorability due to the many advantages of manned HEVs and EVs is expected to drive the growth of the manned HEVs and EVs segment in the global HEVs and EVs market during the forecast period. 

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The manned military HEV and EV segment was valued at USD 3.71 billion in 2017 and continued to grow until 2021. The manned segment will dominate the market in 2022 and is expected to persist throughout the forecast period. One or more people operate the manned military HEV and EV market. Manned military HEVs and EVs will help move fuel, cargo, and passengers for relocation. Manned military HEVs and EVs can operate more efficiently than unmanned HEVs and EVs, which require more autonomy with limited command and control. Such factors will increase segment growth during the forecast period.

Type Segment Analysis:

Based on type, the market has been segmented into AC charging and DC charging. The AC charging segment will account for the largest share of the type segment. Alternating current (AC) EV charging adapters convert alternating current to direct current before feeding the battery pack. Converters, known as onboard chargers, are inside HEVs and EVs and convert AC power to DC power. This is one of the most popular charging methods for electric vehicles. The charging speed depends on the output power of the charging point and the converter's ability to convert the power to DC. AC chargers for electric vehicles require up to 22 kWh. This type of charging is mainly used in parking lots, where vehicles are parked for long periods of time. These factors will facilitate segment growth during the forecast period.

Regional Analysis

North America is estimated to contribute 43% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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The demand for hybrid vehicles is increasing in North America because the government is focused on shifting to eco-friendly military HEV and EVs. Additionally, military HEV manufacturers are ramping up their dealerships to increase awareness and availability of hybrid vehicles. These factors are likely to increase the demand for HEVs. The Capital District Transportation Authority (CDTA) public transportation system in Albany, New York uses hybrid buses more than 20% of the time on its routes. For instance, in April 2022, according to a statement from Army Futures Command, the US Army selected six companies, including Royal Oak, Coritech Services, Inc, Czero, Inc., Fermata Energy, PC Krause and Associates, PC Krause and Associates, and Wright Electric to support Army's Next-Generation Combat Vehicle (NGCV) modernization effort and the Ground Vehicles Systems Center program. Such factors will increase the growth of the market in this region during the forecast period.

Segment Overview

The market research and growth report forecasts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    • Manned military HEV and EV
    • Unmanned military HEV and EV
  • Type Outlook (USD Billion, 2017 - 2027)
    • AC charging
    • DC charging
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing a revolution driven by Fuel Cell and Hydrogen fuel technologies, enabling Technological advancements that enhance Operational efficiency and Environmental sustainability. With a focus on bolstering Military capabilities while addressing Climate change, the shift towards Electrification is evident through the adoption of Electric military vehicles. This move reduces Fuel dependency and Operational costs, while enhancing Tactical capabilities and integrating Advanced battery technologies to improve Energy density and Rapid response capabilities. The integration of Autonomous and intelligent systems optimizes Logistics and Maintenance, ensuring Mission effectiveness amidst Modern battlefield requirements. Hybrid and fully electric military vehicles offer Extended range and Onboard power capability, enhancing Electrified armor and enabling technologies like Jammers and Directed-energy weapons.

Further, by reducing fuel consumption and Acoustic signature, these vehicles offer Silent mobility and Lower maintenance, ideal for rugged terrains and battle zones. Superior acceleration and instantaneous torque redefine performance, while companies like Pravaig Dynamics introduce electric tactical vehicles with stealth capabilities for various Military applications. Challenges like Engineering challenges and High energy requirements persist, yet with Battery technology advancements and increased Energy density, the future of the market promises prolonged operations and enhanced performance on the battlefield.

 Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.36%

Market growth 2023-2027

USD 8.48 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

13.98

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, China, India, UK, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AeroVironment Inc., Alke s.r.l., BAE Systems Plc, Elbit Systems Ltd., Ford Motor Co., General Atomics, General Dynamics Corp., General Motors Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Logos Technologies LLC, Milrem AS, Nikola Corp., Northrop Grumman Systems Corp., Oshkosh Corp., QinetiQ Ltd., Singapore Technologies Engineering Ltd., The Boeing Co., and Zero Motorcycles Inc.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global military hybrid electric vehicle (HEV) and electric vehicle (EV) market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global military hybrid electric vehicle (HEV) and electric vehicle (EV) market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Manned military HEV and EV - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Manned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Manned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Manned military HEV and EV - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Manned military HEV and EV - Year-over-year growth 2022-2027 (%)
    • 6.4 Unmanned military HEV and EV - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Unmanned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Unmanned military HEV and EV - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Unmanned military HEV and EV - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Unmanned military HEV and EV - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 AC charging - Market size and forecast 2022-2027
      • Exhibit 48: Chart on AC charging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on AC charging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on AC charging - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on AC charging - Year-over-year growth 2022-2027 (%)
    • 7.4 DC charging - Market size and forecast 2022-2027
      • Exhibit 52: Chart on DC charging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on DC charging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on DC charging - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on DC charging - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Russia - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 AeroVironment Inc.
              • Exhibit 111: AeroVironment Inc. - Overview
              • Exhibit 112: AeroVironment Inc. - Business segments
              • Exhibit 113: AeroVironment Inc. - Key news
              • Exhibit 114: AeroVironment Inc. - Key offerings
              • Exhibit 115: AeroVironment Inc. - Segment focus
            • 12.4 Alke s.r.l.
              • Exhibit 116: Alke s.r.l. - Overview
              • Exhibit 117: Alke s.r.l. - Product / Service
              • Exhibit 118: Alke s.r.l. - Key offerings
            • 12.5 BAE Systems Plc
              • Exhibit 119: BAE Systems Plc - Overview
              • Exhibit 120: BAE Systems Plc - Business segments
              • Exhibit 121: BAE Systems Plc - Key offerings
              • Exhibit 122: BAE Systems Plc - Segment focus
            • 12.6 Elbit Systems Ltd.
              • Exhibit 123: Elbit Systems Ltd. - Overview
              • Exhibit 124: Elbit Systems Ltd. - Product / Service
              • Exhibit 125: Elbit Systems Ltd. - Key offerings
            • 12.7 Ford Motor Co.
              • Exhibit 126: Ford Motor Co. - Overview
              • Exhibit 127: Ford Motor Co. - Business segments
              • Exhibit 128: Ford Motor Co. - Key news
              • Exhibit 129: Ford Motor Co. - Key offerings
              • Exhibit 130: Ford Motor Co. - Segment focus
            • 12.8 General Atomics
              • Exhibit 131: General Atomics - Overview
              • Exhibit 132: General Atomics - Product / Service
              • Exhibit 133: General Atomics - Key offerings
            • 12.9 General Dynamics Corp.
              • Exhibit 134: General Dynamics Corp. - Overview
              • Exhibit 135: General Dynamics Corp. - Business segments
              • Exhibit 136: General Dynamics Corp. - Key news
              • Exhibit 137: General Dynamics Corp. - Key offerings
              • Exhibit 138: General Dynamics Corp. - Segment focus
            • 12.10 General Motors Co.
              • Exhibit 139: General Motors Co. - Overview
              • Exhibit 140: General Motors Co. - Business segments
              • Exhibit 141: General Motors Co. - Key news
              • Exhibit 142: General Motors Co. - Key offerings
              • Exhibit 143: General Motors Co. - Segment focus
            • 12.11 L3Harris Technologies Inc.
              • Exhibit 144: L3Harris Technologies Inc. - Overview
              • Exhibit 145: L3Harris Technologies Inc. - Business segments
              • Exhibit 146: L3Harris Technologies Inc. - Key news
              • Exhibit 147: L3Harris Technologies Inc. - Key offerings
              • Exhibit 148: L3Harris Technologies Inc. - Segment focus
            • 12.12 Lockheed Martin Corp.
              • Exhibit 149: Lockheed Martin Corp. - Overview
              • Exhibit 150: Lockheed Martin Corp. - Business segments
              • Exhibit 151: Lockheed Martin Corp. - Key news
              • Exhibit 152: Lockheed Martin Corp. - Key offerings
              • Exhibit 153: Lockheed Martin Corp. - Segment focus
            • 12.13 Milrem AS
              • Exhibit 154: Milrem AS - Overview
              • Exhibit 155: Milrem AS - Product / Service
              • Exhibit 156: Milrem AS - Key offerings
            • 12.14 Nikola Corp.
              • Exhibit 157: Nikola Corp. - Overview
              • Exhibit 158: Nikola Corp. - Product / Service
              • Exhibit 159: Nikola Corp. - Key offerings
            • 12.15 Northrop Grumman Systems Corp.
              • Exhibit 160: Northrop Grumman Systems Corp. - Overview
              • Exhibit 161: Northrop Grumman Systems Corp. - Business segments
              • Exhibit 162: Northrop Grumman Systems Corp. - Key news
              • Exhibit 163: Northrop Grumman Systems Corp. - Key offerings
              • Exhibit 164: Northrop Grumman Systems Corp. - Segment focus
            • 12.16 Singapore Technologies Engineering Ltd.
              • Exhibit 165: Singapore Technologies Engineering Ltd. - Overview
              • Exhibit 166: Singapore Technologies Engineering Ltd. - Business segments
              • Exhibit 167: Singapore Technologies Engineering Ltd. - Key offerings
              • Exhibit 168: Singapore Technologies Engineering Ltd. - Segment focus
            • 12.17 The Boeing Co.
              • Exhibit 169: The Boeing Co. - Overview
              • Exhibit 170: The Boeing Co. - Business segments
              • Exhibit 171: The Boeing Co. - Key offerings
              • Exhibit 172: The Boeing Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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