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Military Vehicle Electrification Market Worth $17.6 Billion by 2030

Northbrook, IL -- (SBWIRE) -- 06/13/2021 -- According to the new market research report "Military Vehicle Electrification Market by technology (Hybrid and fully electric), by system (power generation, Cooling system, energy storage, traction drive system and power conversion) by platform, by operation and by region - Forecast to 2030", published by MarketsandMarkets™, the market size is estimated to be valued at USD 4.8 billion in 2020. It is projected to reach USD 8.6 billion by 2025, recording a CAGR of 13.0% and USD 17.6 billion by 2030 at a CAGR of 15.4% in terms of value.
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