Military Ground Vehicle Propulsion System Market Trends, Share and Forecast 2019-2030


Posted December 15, 2020 by bisrsrch

Focus on Technology, Vehicle Type, Application, and Region

 
The growth of the military ground vehicle propulsion system market is majorly due to the increase in demand by various governments to acquire new/upgraded military ground vehicles having advanced propulsion systems which may open a new era of warfare equipment with less fuel consumption, improved mobility of the vehicle, and significant on-board electricity supply. For instance, on October 2018, QinetiQ received two contracts by the Office of Naval Research (government agency) for the development of long travel suspension systems and electric hub drive propulsion system to be used in armored reconnaissance vehicles. This development will be accomplished by QinetiQ under the DARPA Ground X Vehicle Technologies (GXV-T) programme.

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Also, increasing conflicts, political instability, and terrorism activities, coupled with increasing border instability force countries to strengthen their military ground vehicle capabilities. Therefore, the defense forces of various countries including the U.S., India, China, the U.K., Poland, and others are increasing their budget for procuring military ground vehicle with advanced engines for their military personnel. On October 2019, BAE Systems, Inc. debuted Robotic Technology Demonstrator (RTD) unmanned ground vehicle which features autonomous mobility with hybrid electric drive for fuel efficiency to support situational awareness and reconnaissance.

Civilian manufacturers and automotive engineers from defense organizations are discovering innovative engine designs to provide additional benefits to militaries in range, reliability, and fuel consumption which is expected to propel the market growth. Additionally, the growing awareness of proposed engines in the emerging economies such as China, India, South Korea, Turkey, Egypt, Iran, and Brazil also drive the growth of military ground vehicle propulsion system market in the upcoming years. For instance, on November 2019, BAE Systems showcased two fully autonomous M113 armored vehicles at the Majura Training Site, Australia. M113 vehicles have innovative technology which could reducing the physical requirement of soldiers from future battlefields and support wider range of applications such as intelligence gathering, and logistics support. Thus, these vehicles will now be used by the Australian army to understand the dynamics of autonomy during military operations.

Combat systems consist of high-power emitters, sensitive sensors, and complex weapon systems. The unmanned ground vehicle system integrates relevant information gathered from the defense forces, and civilian agencies. It needs to manage reports, orders, plans, and spread information among the various levels of combat system.

The growth of the combat support segment is attributed due to use of radar technology embedded on these vehicles to destroy enemy targets. Combat support vehicles have the capacity to carry high payloads and ease the mobility or transition of the vehicle to dismounted operations in complex terrain. The global military ground vehicle propulsion system industry is one of the most competitive industries with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the military ground vehicle propulsion system industry exhibits an inclination toward emerging strategies and developments by market players.

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The key players that are actively participating in the military ground vehicle propulsion system market 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.

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Last Updated December 15, 2020