Military Vehicle Electrification Companies

The military vehicle electrification market is estimated at USD 3.47 billion in 2025 and is projected to reach USD 6.82 billion by 2030 at a CAGR of 14.5% from 2025 to 2030. The primary driving factors for the market include increasing modern battlefield requirements, rising demand for electric power sources, and the development of autonomous and unmanned military vehicles. Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), and Leonardo S.p.A. (Italy) are some of the leading companies in the military vehicle electrification market. These companies have leveraged various growth strategies, including product launch, contract, collaboration, expansion, certification, agreement, acquisition, and R&D activities.

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Major Military Vehicle Electrification Companies Include:

• Oshkosh Corporation (US)
• GM Defense LLC (US)
• General Dynamics Corporation (US)
• BAE Systems (UK)
• Leonardo S.p.A. (Italy)
• Textron Inc. (US)
• ST Engineering (Singapore)
• Qinetiq (UK)
• Polaris Inc. (US)
• ASELSAN AS (Turkey)
• Otokar (Turkey)
• Krauss-Maffei Wegmann (Germany)

Oshkosh Corporation (US)

Oshkosh Corporation is an industrial company operating across three primary segments: Access, Defense, and Vocational. Each segment specializes in purpose-built vehicles and equipment designed for demanding environments. Within the Defense segment, Oshkosh Defense focuses on tactical wheeled vehicles and mobility solutions for military operations. The company has increasingly integrated electrification into its defense offerings through the development of the electric Joint Light Tactical Vehicle (eJLTV), a hybrid-electric version designed to provide enhanced fuel efficiency, reduced acoustic and thermal signatures, and silent mobility. Additionally, Oshkosh has invested in technologies like the ProPulse diesel-electric hybrid system, which offers energy-efficient propulsion and power export capabilities for battlefield support. These investments underscore the company’s strategic focus on military vehicle electrification (MVE) within its defense operations, supporting the shift toward lower-emission, high-performance platforms in modern armed forces.

GM Defense LLC (US)

GM Defense LLC, a wholly owned subsidiary of General Motors (GM), operates across key segments, including tactical vehicle systems, energy storage solutions, and autonomous mobility technologies. The company draws on GM’s extensive EV platform and global manufacturing expertise to support next-generation defense mobility requirements. In the military vehicle electrification market, GM Defense is advancing the integration of scalable electric propulsion and modular battery systems tailored for tactical use. Its developments include hybrid and fully electric vehicle concepts that enable silent mobility, reduced thermal signatures, and improved operational efficiency. A significant milestone includes collaboration with the US Department of Defense to prototype energy-dense battery systems, highlighting its strategic role in driving electrification within military operations.

General Dynamics Corporation (US)

General Dynamics Corporation is a global aerospace and defense company operating through four primary business segments: Aerospace, Combat Systems, Technologies, and Marine Systems. Within the Combat Systems segment, General Dynamics Land Systems (GDLS), a subsidiary of General Dynamics Corporation, focuses on the design, production, and support of tracked and wheeled military vehicles. GDLS is actively advancing military vehicle electrification by developing hybrid-electric platforms that align with the US Army's climate and modernization objectives. Notable developments include the TRX robotic combat vehicle, which features a hybrid-electric architecture capable of generating significant exportable power to support mission command operations. Additionally, GDLS has introduced the StrykerX technology demonstrator, offering silent movement, silent watch capabilities, and enhanced on-board power generation.

BAE Systems (UK)

BAE Systems is a multinational defense, aerospace, and security company structured around five key business segments: Electronics Systems, Platforms and Services, Air, Maritime, and Cyber & Intelligence. Each segment supports a wide range of government and defense operations with tailored technologies, from advanced avionics and autonomous systems to naval vessels and tactical platforms. Within the Platforms and Services segment, BAE Systems is actively involved in the design, production, and support of ground combat vehicles and related systems. As part of its broader strategy, the company is exploring power and energy management solutions aimed at improving the mobility, survivability, and operational range of its land-based military platforms. Military vehicle electrification is integrated into these efforts through initiatives focused on hybrid power systems and scalable energy architectures, aligning with the growing demand for more energy-efficient and lower-signature battlefield capabilities.

Leonardo S.p.A. (Italy)

Leonardo S.p.A. is a global industrial group operating in the aerospace, defense, and security sectors, structured into four main business segments: Helicopters, Aircraft, Aerostructures, and Electronics, Defense, and Security Systems. The Electronics, Defense, and Security Systems segment encompasses a wide range of capabilities, including defense electronics, avionics, land, and naval defense systems. Within this segment, Leonardo focuses on the development and integration of advanced electronics systems for military applications, such as sensors, communications systems, and vehicle protection solutions. In the context of military vehicle electrification (MVE), Leonardo is actively exploring power and energy management solutions aimed at enhancing the performance and operational efficiency of land-based military platforms. ?Leonardo provides efficient, power-dense, and flexible solutions for advanced ship propulsion through E-Drive technology. The system was designed, tested, and delivered to address the military’s increasing need for electrical power to support missions. This aligns with broader defense objectives to improve energy efficiency, reduce logistical burdens, and enhance the operational capabilities of the military.

Market Ranking

The military vehicle electrification market is consolidated, with the top five players collectively accounting for more than 50% of the market. Oshkosh invests heavily in R&D activities and follows the MOVE strategy to enhance its revenue and market position, while GM Defense LLC is constantly focusing on long-term client collaborations for the optimum integration of advanced technologies into defense programs. As one of the largest defense contractors in the world, General Dynamics makes targeted investments in cyber defense and digital modernization to align with the military’s increasing emphasis on network-centric operations. BAE Systems has a strong understanding of the evolving requirements in the aerospace & defense industry, and Leonardo has a robust product range.

Related Reports:

Military Vehicle Electrification Market by Platform (Combat Vehicles, Support Vehicles, Unmanned Armored Vehicles), System, Technology (Hybrid, Fully Electric), Mode of operation, Voltage Type and Region - Global Forecast to 2030

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