The electric hub drive and electric propulsion system plays a critical role in military vehicles when fast acceleration and high torque is to be considered. The electric hub drive and electric propulsion system market is witnessing significant technological advancements in military combat vehicles.

The global Electric Hub Drive and Electric Propulsion System for Combat Vehicle market was valued at US$ 54 million in 2022 and is anticipated to reach US$ 73 million by 2029, witnessing a CAGR of 3.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Electric hub drives have been used in commercial vehicles; however, this technology is new in case of military vehicles and is expected to witness significant growth in the coming years, whereas currently electric propulsion system has a significant role in the space and marine industry.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electric Hub Drive and Electric Propulsion System for Combat Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Hub Drive and Electric Propulsion System for Combat Vehicle.

The Electric Hub Drive and Electric Propulsion System for Combat Vehicle market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Electric Hub Drive and Electric Propulsion System for Combat Vehicle market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Electric Hub Drive and Electric Propulsion System for Combat Vehicle manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.


By Company


BAE Systems

QinetiQ Group

Safran

United Technologies Corporation

Raytheon

Rolls-Royce

General Electric

Northrop Grumman

Magnetic Systems Technology

Aerojet Rocketdyne Holdings


Segment by Type


Electric Hub Drive

Electric Propulsion System


Segment by Application


Tracked Combat Vehicle

Wheel Combat Vehicle


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America

Mexico

Brazil

Core Chapters

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by type, by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Electric Hub Drive and Electric Propulsion System for Combat Vehicle manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Electric Hub Drive and Electric Propulsion System for Combat Vehicle by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Electric Hub Drive and Electric Propulsion System for Combat Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.