Electric Hub Drive and Electric Propulsion System for Combat Vehicle Market
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. 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. However, in-depth research is being undertaken in military combat vehicles and electric hub drives have been installed in some of the combat vehicles. With focus on its growing applications in military combat vehicles, the electric hub drive and electric propulsion system market is expected to grow significantly over the forecast period. The market for electric hub drive and electric propulsion system is forecast to quickly grow to US$ 103.04 Mn by 2026 from US$ 58.03 Mn in 2017, recording a CAGR of 6.8%.The market has seen demand traction due to rising applications in tracked military vehicles.
Though electric hub drive and electric propulsion systems have been long in demand, combat vehicles have of late gained momentum. A close study of recent product launches and developments of key industry participants active in the electric hub drive and electric propulsion system market reveals that the use of such technologies in military vehicles would continue to grow throughout the forecast period. Factors such as increasing security and defense expenditure by different countries and the demanding natural conditions is seen as crucial to influence the market growth trends. The electric hub drive and electric propulsion system market however still faces challenges such as lower growth rate in traditional defense markets. The existing technology integration gives way to possible opportunities, such as solar electric propulsion systems.
The electric propulsion system offers modular design and efficient performance. Any further development and exploration of electric hub drive and electric propulsion systems is expected to open new set of unexplored opportunities, thereby contributing to the market growth.
Attracted by this fast expanding market and underlying latent demand, many players are investing in the electric hub drive and electric propulsion system market. For instance, in August 2016, QinetiQ Group Plc. received a contract worth US$ 2.7 Mn from Defense Advanced Research Projects Agency (DARPA) for electric hub drive technology. However, with competition from established players such as Aerojet Rocketdyne Holdings Inc., Safran S.A., BAE Systems, Magnetic Systems Technology, United Technologies Corporation and others that already have a strong network in the market and technology expertise, new entrants may find it challenging to establish a foothold without a unique value proposition.
Some of the prominent players identified in the electric hub drive and electric propulsion system market and profiled in the study include - QinetiQ Group PLC, Aerojet Rocketdyne Holdings Inc., Safran S.A., BAE Systems, Magnetic Systems Technology, United Technologies Corporation, Raytheon Company, Rolls-Royce Plc, General Electric, and Northrop Grumman Corporation.
The electric hub drive and electric propulsion system market has been segmented as follows:
Global Electric Hub Drive and Electric Propulsion System Market
|
By Technology |
|
|
By Vehicle Type |
|
|
By Geography |
|
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Key Trends Analysis
4.4. Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle MarketAnalysis and Forecast, 2016 - 2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Forces Analysis Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market
4.6. Value Chain Analysis - Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market
4.7. Market Outlook
5. Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle MarketAnalysis and Forecast, By Technology Type
5.1. Overview & Definitions
5.2. Key Findings
5.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Technology Type, 2016 - 2026
5.3.1. Electric Hub Drive
5.3.2. Electric Propulsion System
5.4. Technology Type Comparison Matrix
5.5. Market Attractiveness By Technology Type
6. Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle MarketAnalysis and Forecast, By Vehicle Type
6.1. Overview& Definition
6.2. Key Findings
6.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Vehicle Type, 2016 - 2026
6.3.1. Tracked
6.3.2. Wheel
6.4. Vehicle Type Comparison Matrix
6.5. Market Attractiveness By Vehicle Type
7. Global Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, by Region, 2016 - 2026
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East &Africa
7.2.5. South America
7.3. Market Attractiveness by Region
8. North America Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Analysis and Forecast
8.1. Key Findings
8.2. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Technology Type, 2016 - 2026
8.2.1. Electric Hub Drive
8.2.2. Electric Propulsion System
8.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Vehicle Type, 2016 - 2026
8.3.1. Tracked
8.3.2. Wheel
8.4. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Country, 2016 - 2026
8.4.1. The U.S.
8.4.2. Canada
8.4.3. Rest of North America
8.5. Market Attractiveness Analysis
8.5.1. By Technology Type
8.5.2. By Vehicle Type
8.5.3. By Country
9. Europe Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Analysis and Forecast
9.1. Key Findings
9.2. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Technology Type, 2016 - 2026
9.2.1. Electric Hub Drive
9.2.2. Electric Propulsion System
9.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Vehicle Type, 2016 - 2026
9.3.1. Tracked
9.3.2. Wheel
9.4. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Country, 2016 - 2026
9.4.1. Germany
9.4.2. U.K.
9.4.3. France
9.4.4. Rest of Europe
9.5. Market Attractiveness Analysis
9.5.1. By Technology Type
9.5.2. By Vehicle Type
9.5.3. By Country
10. Asia Pacific Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Analysis and Forecast
10.1. Key Findings
10.2. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Technology Type, 2016 - 2026
10.2.1. Electric Hub Drive
10.2.2. Electric Propulsion System
10.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Vehicle Type, 2016 - 2026
10.3.1. Tracked
10.3.2. Wheel
10.4. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Country, 2016 - 2026
10.4.1. China
10.4.2. India
10.4.3. Japan
10.4.4. Rest of Asia Pacific
10.5. Market Attractiveness Analysis
10.5.1. By Technology Type
10.5.2. By Vehicle Type
10.5.3. By Country
11. Middle East & Africa Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Analysis and Forecast
11.1. Key Findings
11.2. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Technology Type, 2016 - 2026
11.2.1. Electric Hub Drive
11.2.2. Electric Propulsion System
11.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Vehicle Type, 2016 - 2026
11.3.1. Tracked
11.3.2. Wheel
11.4. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Country, 2016 - 2026
11.4.1. GCC
11.4.2. South Africa
11.4.3. Rest of Middle East & Africa
11.5. Market Attractiveness Analysis
11.5.1. By Technology Type
11.5.2. By Vehicle Type
11.5.3. By Country
12. South America Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Analysis and Forecast
12.1. Key Findings
12.2. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Technology Type, 2016 - 2026
12.2.1. Electric Hub Drive
12.2.2. Electric Propulsion System
12.3. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn ) Forecast, By Vehicle Type, 2016 - 2026
12.3.1. Tracked
12.3.2. Wheel
12.4. Electric Hub Drives And Electric Propulsion Systems For Combat Vehicle Market Size (US$ Mn) Forecast, By Country, 2016 - 2026
12.4.1. Brazil
12.4.2. Rest of South America
12.5. Market Attractiveness Analysis
12.5.1. By Technology Type
12.5.2. By Vehicle Type
12.5.3. By Country
13. Competition Landscape
13.1. Market Player – Competition Matrix
14. Company Profiles (Details – Basic Overview, Recent Development, Geographical Presence, Key Competitors, Revenue, SWOT Analysis, Strategy)
14.1.1. QinetiQ Group Plc
14.1.2. Aerojet Rocketdyne Holdings, In
14.1.3. Safran S.A.
14.1.4. BAE Systems
14.1.5. Magnetic Systems Technology
14.1.6. United Technologies Corporation
14.1.7. The Raytheon Company
14.1.8. Rolls-Royce Plc
14.1.9. General Electric Co.
14.1.10. Northrop Grumman Corporation
15. Key Takeaways
List of Tables
Table01: Global Electric Hub Drive and Electric Propulsion System Market Size (US$ Mn) Forecast, by Technology, 2016 – 2026
Table02: Global Electric Hub Drive and Electric Propulsion System Market Size (US$ Mn) Forecast, by Vehicle Type, 2016 – 2026
Table03: Global Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Region, 2016–2026 (US$ Mn)
Table04: North America Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Technology, 2016–2026 (US$ Mn)
Table05: North America Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Vehicle Type, 2016–2026 (US$ Mn)
Table06: North America Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Country, 2016 – 2026
Table07: Europe Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Technology, 2016–2026 (US$ Mn)
Table08: Europe Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Vehicle Type, 2016–2026 (US$ Mn)
Table09: Europe Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Country, 2016 – 2026 (US$ Mn)
Table10: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Technology, 2016–2026 (US$ Mn)
Table11: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Vehicle Type, 2016–2026 (US$ Mn)
Table12: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Country, 2016 – 2026
Table13: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Technology, 2016–2026 (US$ Mn)
Table14: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Vehicle Type, 2016–2026 (US$ Mn)
Table15: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Country, 2016 – 2026
Table16: South America Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Type, 2016–2026 (US$ Mn)
Table17: South America Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Vehicle Type, 2016–2026 (US$ Mn)
Table18: South America Electric Hub Drive & Electric Propulsion System Market Revenue Forecast, by Country, 2016 – 2026
List of Figures
Figure 01: Research Methodology
Figure 02: Research Approach
Figure 03: Global Electric Hub Drive and Electric Propulsion System Market Size, Historical and Forecast, 2016 - 2026
Figure 04: Global Electric Hub Drive and Electric Propulsion System Market Size, Historical and Forecast, 2016 - 2026
Figure 05: North America Electric Hub Drive and Electric Propulsion System Market CAGR
Figure 06: Europe Electric Hub Drive and Electric Propulsion System Market CAGR
Figure 07: Asia Pacific Electric Hub Drive and Electric Propulsion System Market CAGR
Figure 08: Middle East & Africa Electric Hub Drive and Electric Propulsion System Market CAGR
Figure 09: South America Electric Hub Drive and Electric Propulsion System Market CAGR
Figure 10: Middle East & Africa Electric Hub Drive and Electric Propulsion System Market CAGR
Figure 11: Global Electric Hub Drive and Electric Propulsion System Market Revenue Projection and Y-o-Y Growth, 2016-2026 (US$ Mn)
Figure 12: Porter’s Five Forces
Figure 13: Value Chain Analysis
Figure 14: Global Electric Hub Drive and Electric Propulsion System Market Overview (US$ Mn)
Figure 15: Global Electric Hub Drive and Electric Propulsion System Market, by Technology (2018)
Figure 16: Global Electric Hub Drive and Electric Propulsion System Market, by Vehicle Type (2018)
Figure 17: Global Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Technology, 2018 and 2026
Figure 18: Electric Hub Drive & Electric Propulsion System Market, by Technology, Electric Hub Drive
Figure 19: Electric Hub Drive & Electric Propulsion System Market, by Technology, Electric Propulsion System
Figure 20: Segment Growth Matrix, 2018 - 26 (%)
Figure 21: Segment Revenue Contribution, 2018 - 26 (%)
Figure 22: Segment Compounded Growth Matrix (CAGR %)
Figure 23: Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Type
Figure 24: Global Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Vehicle Type, 2018 and 2026
Figure 25: Electric Hub Drive & Electric Propulsion System Market, by Vehicle Type, Tracked
Figure 26: Electric Hub Drive & Electric Propulsion System Market, by Vehicle Type, Wheel
Figure 27: Segment Growth Matrix, 2018 - 26 (%)
Figure 28: Segment Revenue Contribution, 2018 - 26 (%)
Figure 29: Segment Compounded Growth Matrix (CAGR %)
Figure 30: Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Vehicle Type
Figure 31: Electric Hub Drive & Electric Propulsion System Market, by Region, North America
Figure 32: Electric Hub Drive & Electric Propulsion System Market, by Region, Europe
Figure 33: Electric Hub Drive & Electric Propulsion System Market, by Region, Asia Pacific
Figure 34: Electric Hub Drive & Electric Propulsion System Market, by Region, Middle East &Africa
Figure 35: Electric Hub Drive & Electric Propulsion System Market, by Region, South America
Figure 36: Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Region
Figure 37: North America Electric Hub Drive & Electric Propulsion System Market Revenue (US$ Mn) Forecast, 2016 – 2026
Figure 38: North America Electric Hub Drive & Electric Propulsion System Market Y-o-Y Forecast, 2016 – 2026
Figure 39: Global Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Technology, 2018 and 2026
Figure 40: Global Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Vehicle Type, 2018 and 2026
Figure 41: Global Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Country, 2018 and 2026
Figure 42: North America Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Technology
Figure 43: North America Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Vehicle Type
Figure 44: North America Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Country Type
Figure 45: Europe Electric Hub Drive & Electric Propulsion System Market Revenue (US$ Mn) Forecast, 2016 – 2026
Figure 46: Europe Electric Hub Drive & Electric Propulsion System Market Y-o-Y Forecast, 2016 – 2026
Figure 47: Europe Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Technology, 2018 and 2026
Figure 48: Europe Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Vehicle Type, 2018 and 2026
Figure 49: Europe Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Country, 2018 and 2026
Figure 50: Europe Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Technology
Figure 51: Europe Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Vehicle Type
Figure 52: Europe Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Country Type
Figure 53: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Revenue (US$ Mn) Forecast, 2016 – 2026
Figure 54: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Y-o-Y Forecast, 2016 – 2026
Figure 55: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Technology, 2018 and 2026
Figure 56: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Vehicle Type, 2018 and 2026
Figure 57: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Country, 2018 and 2026
Figure 58: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Technology
Figure 59: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Vehicle Type
Figure 60: Asia Pacific Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Country Type
Figure 61: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Revenue (US$ Mn) Forecast, 2016 – 2026
Figure 62: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Y-o-Y Forecast 2016 – 2026
Figure 63: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Technology, 2018 and 2026
Figure 64: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Vehicle Type, 2018 and 2026
Figure 65: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Country, 2018 and 2026
Figure 66: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Technology
Figure 67: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Vehicle Type
Figure 68: Middle East & Africa Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Country Type
Figure 69: South America Electric Hub Drive & Electric Propulsion System Market Revenue (US$ Mn) Forecast, 2016 – 2026
Figure 70: South America Electric Hub Drive & Electric Propulsion System Market Y-o-Y Forecast 2016 – 2026
Figure 71: South America Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Technology, 2018 and 2026
Figure 72: South America Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Vehicle Type, 2018 and 2026
Figure 73: South America Electric Hub Drive & Electric Propulsion System Market Share Analysis, by Country, 2018 and 2026
Figure 74: South America Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Technology
Figure 75: South America Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Vehicle Type
Figure 76: South America Electric Hub Drive & Electric Propulsion System Market Attractiveness Analysis, by Country Type
Figure 77: QinetiQ Group Plc Net Sales, by Region, (2017)
Figure 78: QinetiQ Group Plc Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 79: Aerojet Rocketdyne Holdings Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 80: Safran S.A. Net Sales, by Region, (2017)
Figure 81: Safran S.A. Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 82: BAE Systems Net Sales, by Region, (2017)
Figure 83: BAE Systems Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 84: United Technologies Corporation Net Sales, by Region, (2017)
Figure 85: United Technologies Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 86: The Raytheon Company Net Sales, by Region, (2017)
Figure 87: The Raytheon Company Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 88: Rolls-Royce Plc Net Sales, by Region, (2017)
Figure 89: Rolls-Royce Plc Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 90: General Electric Net Sales, by Region, (2017)
Figure 91: General Electric Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Figure 92: Northrup Grumman Corporation Net Sales, by Region, (2017)
Figure 93: Northrup Grumman Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2015–2017
Copyright © Transparency Market Research, Inc. All Rights reserved
Trust Online
*86 figures and 60 tables includes