Market Research Logo

Global Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market 2017-2021

About Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV)

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. 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.

Technavio’s 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
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
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?


  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Outline of EV along with electric propulsion components in EVs
      • Table Advantages of HEVs and EVs
  • Market landscape
    • Market overview
      • Table Global military HEV and EV market segmentation
    • Market size and forecast
      • Table Global military HEV and EV market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global military HEV and EV market segmentation by product type 2016 and 2021(%)
    • Table Global military HEV and EV market segmentation by product type 2016-2021 ($billions)
    • Global manned military HEV and EV market
      • Table Global manned military HEV and EV market 2016-2021 ($ billions)
    • Global unmanned military HEV and EV market
      • Table Global unmanned military HEV and EV market 2016-2021 ($ billions)
  • Geographical segmentation
    • Table Global military HEV and EV market segmentation by geography 2016 and 2021 (%)
    • Table Global military HEV and EV market segmentation by geography 2016-2021 ($billions)
    • Military HEV and EV market in Americas
      • Table Military HEV and EV market in Americas 2016-2021 ($ billions)
    • Military HEV and EV market in APAC
      • Table Military HEV and EV market in APAC 2016-2021 ($ billions)
    • Military HEV and EV market in EMEA
      • Table Military HEV and EV market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Development and use of advanced lithium-ion power sources
    • Investment in next-generation batteries
    • Evolution of advanced hybrid propulsion
  • Vendor landscape
    • Competitive scenario
      • Table Key competitors in global military HEV and EV market
  • Key vendor analysis
    • AeroVironment
      • Table AeroVironment: Business segmentation by revenue 2016 (%)
      • Table AeroVironment: Key products
    • BAE Systems
      • Table BAE Systems: Business segmentation by sales 2016 (%)
      • Table BAE Systems: Key products
    • Ford Motor Company
      • Table Ford Motor Company: Business segmentation by revenue 2016 (%)
      • Table Ford Motor Company: Key products
    • General Motors
      • Table General Motors: Business segmentation by revenue 2016 (%)
      • Table General Motors: Key product
    • Lockheed Martin
      • Table Lockheed Martin: Business segmentation by revenue 2016 (%)
      • Table Lockheed Martin: Key products
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report