Military Ground Vehicle Propulsion System Market Trends, Key Makers and Competitive Analysis 2019-2030

Various types of batteries (lead-acid, nickel-cadmium or iron-nickel Edison cells) present in the vehicles are found to be too heavy and have failed to store the energy required to produce the desired power-levelling effect. One way to reach the goal is to develop the electric motor at about the same size as it is in an internal combustion engine (ICE)-based military vehicle or to have a large battery pack with enough energy storage for the longest anticipated maneuver. Various OEMs are majorly investing in the electric vehicle development programs through partnerships to increase the energy density with improved battery life and hence retain the market share in the industry.

Read Report Overview: https://bisresearch.com/industry-report/military-ground-vehicle-propulsion-system-market.html

With a need to quickly address the growing threats on battlefield, there is expected to be a shift from manned platforms to optional autonomous systems which help reducing the cognitive burden on soldiers’ decision making. Thus, continuous funding for autonomous military utility vehicles, armored personnel carriers, and main battle tanks by government is gaining huge traction in ground combat, leading to integration of advanced engine in such new vehicles by manufacturers.

Under Robotic Combat Vehicle-Medium (RCV-M) project, initiative taken by the U.S. Army to test autonomous M2 Bradley Fighting Vehicles under realistic conditions at Fort Carson, Colo, will open new windows for future army autonomous combat vehicle projects and policies. Further, plans of the Army Tank Automotive Research Development and Engineering Centre (TARDEC) to build up autonomous vehicle mobility technologies that led vehicles to operate in tough environments at realistic speeds under Combat Vehicle Robotics (CoVeR) program also allow significant shift from manned to unmanned ground vehicles tailored with weapons and proposed engines.

The need for enhanced border security due to issues related to increasing land disputes, migration, and smuggling, has forced several countries to strengthen their security. This has led to the increase in the demand for advanced military ground vehicles with improved engine performance. Electric or hybrid engines have an ability to provide on-demand torque immediately at rapid speed than in a gasoline or diesel engine alone. Hence, upcoming military ground vehicles will substantially be different as they will have partially electric powered systems. Such developments will contribute to the growth of the market in near future.

The prominent players in the military ground vehicle propulsion system market adopted strategies of product launches, partnerships, collaborations and contracts, and other strategies to expand their business. The companies are also involved in some of the other developments that include mergers and acquisitions, facility expansion; product extension and upgradation, and funding to develop advanced systems for vehicles. Due to the intensive competition, the military ground vehicle propulsion system industry requires manufacturers to constantly innovate and develop cost-effective engines with the existing and forthcoming industry standards for various military applications. The market is likely to grow rapidly with the developments in new and remanufactured engines with longer endurance and efficiency.

For Sample Report, Click here: https://bisresearch.com/requestsample?id=814&type=download

The increase in the defense budget by various countries including the U.S., India, Russia, China, Saudi Arabia, South Korea, and South Africa, for modernizing their defense systems by procuring defense-related products and services is playing a major role in strengthening the market growth. Changing outlines of national security, evolving national interests, and geopolitical issues are some of the factors that motivate various economies to reshape their defense strength with modern weapon systems. The U.A.E. and Saudi Arabia also have adequate defense budget and are willing to pay for high-end advanced military ground vehicles like those sold in the U.S.

Further, rise in the defense budget for upgradation of new military ground vehicles to widen the defense and security application such as intelligent, surveillance and reconnaissance, combat support, explosive ordnance disposal, and mine clearance, would also create a need for advanced propulsion system which can withstand such applications more precisely. New defense policies in Asia-Pacific and North America region focus on transforming their military ground vehicle from manned to unmanned. The U.S. military is helping Asia-Pacific for rebalancing defense, and its economic resources which can largely strengthen the partnership and alliance of both the regions.