Electric Hub Drive And Electric Propulsion System For Combat Vehicle Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0091377
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.35 |
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The Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 3,567.45 million. The growth of the market depends on several factors, including the increasing demand for electric propulsion systems in combat vehicles, the need for enhanced mobility and agility in military operations, and the focus on reducing carbon emissions and fuel consumption. Electric hub drive and electric propulsion systems are advanced technologies that provide efficient and reliable power transmission for combat vehicles, improving their performance and operational capabilities.
Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Overview:
Drivers:
One of the key factors driving the electric hub drive and electric propulsion system for combat vehicle market growth is the increasing demand for electric propulsion systems in military applications. Electric propulsion systems offer several advantages over traditional internal combustion engines, including higher torque, improved acceleration, and reduced noise signatures. These systems enhance the mobility and agility of combat vehicles, enabling them to operate effectively in various terrains and combat scenarios. The growing focus on modernizing military fleets and the need for advanced propulsion technologies are fueling the demand for electric hub drive and electric propulsion systems in combat vehicles.
Moreover, the need for enhanced fuel efficiency and reduced carbon emissions is also driving the market growth. Electric propulsion systems are more energy-efficient compared to conventional engines, resulting in lower fuel consumption and reduced environmental impact. The adoption of electric hub drive and electric propulsion systems in combat vehicles helps military organizations achieve their sustainability goals and comply with stringent emission regulations. Additionally, the advancements in battery technology and the increasing availability of charging infrastructure are further supporting the adoption of electric propulsion systems in combat vehicles.
Trends:
A key trend shaping the electric hub drive and electric propulsion system for combat vehicle market is the integration of advanced control systems and intelligent features. Manufacturers are incorporating advanced control algorithms and sensors into electric propulsion systems to optimize power distribution, improve vehicle stability, and enhance overall performance. These intelligent systems enable real-time monitoring and adjustment of power output, torque distribution, and traction control, ensuring optimal vehicle operation in different conditions. Additionally, the integration of regenerative braking systems in electric hub drive and electric propulsion systems allows for energy recovery during deceleration, further improving the overall efficiency of combat vehicles.
Furthermore, there is a growing focus on modular and scalable designs in electric hub drive and electric propulsion systems. Manufacturers are developing modular architectures that allow for easy integration and customization of propulsion systems based on specific vehicle requirements. This modular approach enables efficient maintenance, upgrades, and future-proofing of combat vehicles, reducing downtime and enhancing operational readiness. Additionally, the scalability of electric propulsion systems allows for the integration of additional power modules or batteries to meet the evolving power demands of combat vehicles.
Restraints:
One of the key challenges hindering the electric hub drive and electric propulsion system for combat vehicle market growth is the high initial cost of electric propulsion systems. The development and integration of advanced electric propulsion technologies involve significant research and development expenses, which can result in higher upfront costs for combat vehicle manufacturers. This cost factor may limit the adoption of electric propulsion systems, especially in price-sensitive defense budgets. However, the long-term cost savings through reduced fuel consumption and maintenance requirements can offset the initial investment, making electric propulsion systems a viable option for combat vehicles.
Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Segmentation By Application:
The combat vehicle segment is estimated to witness significant growth during the forecast period. Electric hub drive and electric propulsion systems play a crucial role in enhancing the performance and operational capabilities of combat vehicles. These systems provide higher torque, improved acceleration, and enhanced maneuverability, enabling combat vehicles to navigate challenging terrains and execute mission-critical tasks effectively. The adoption of electric propulsion systems in combat vehicles offers advantages such as reduced noise signatures, lower fuel consumption, and improved sustainability, making them an attractive choice for military organizations.
Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Segmentation By Type:
The electric hub drive segment is expected to dominate the market during the forecast period. Electric hub drive systems provide direct power transmission to the wheels, eliminating the need for traditional drivetrain components such as axles, differentials, and transmissions. This results in improved efficiency, reduced weight, and enhanced vehicle maneuverability. Electric hub drive systems offer advantages such as regenerative braking, torque vectoring, and independent wheel control, enabling precise vehicle control and optimized performance. The increasing demand for electric hub drive systems in combat vehicles, driven by the need for enhanced mobility and agility, is fueling the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global electric hub drive and electric propulsion system for combat vehicle market during the forecast period. The region has a strong defense sector and a high focus on technological advancements in military applications. The presence of key market players, government investments in electric vehicle technologies, and the need for advanced propulsion systems in combat vehicles support market growth in North America.
Europe is also expected to witness substantial growth in the electric hub drive and electric propulsion system for combat vehicle market. The region has a well-established defense industry and a growing emphasis on sustainable and efficient military technologies. The increasing adoption of electric propulsion systems in combat vehicles, driven by environmental regulations and the need for improved operational capabilities, is driving the market in Europe.
Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Customer Landscape:
The electric hub drive and electric propulsion system for combat vehicle market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the electric hub drive and electric propulsion system for combat vehicle market include:
- Northrop Grumman Corporation
- Thales Group
- Rolls-Royce plc
- Raytheon Technologies
- SAAB Group
- Rheinmetall AG
- Boeing
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The electric hub drive and electric propulsion system for combat vehicle market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Combat Vehicle
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Electric Hub Drive
o Electric Propulsion System
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Electric Hub Drive and Electric Propulsion System for Combat Vehicle MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Electric Hub Drive and Electric Propulsion System for Combat Vehicle MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Electric Hub Drive and Electric Propulsion System for Combat Vehicle MARKET BY Technology INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Electric Hub Drive
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Electric Propulsion System
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Electric Hub Drive and Electric Propulsion System for Combat Vehicle MARKET BY Vehicle type INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Tracked
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Wheel
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Electric Hub Drive and Electric Propulsion System for Combat Vehicle MARKET REGIONAL OUTLOOK
7.1. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Electric Hub Drive and Electric Propulsion System for Combat Vehicle Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. QinetiQ Group PLC
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Aerojet Rocketdyne Holdings Inc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Safran S.A
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. BAE Systems
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Magnetic Systems Technology
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. United Technologies Corporation
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Raytheon Company
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Rolls-Royce Plc
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . General Electric
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Northrop Grumman Corporation
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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