
- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The capabilities of tactical and logistics trucks, as well as armoured vehicles, may change as a result of electric vehicles (EVs). Although there are still some technical issues to be worked out before EVs are used in a combat environment, the new technology is already being employed in some barracks. Their incorporation into the Armed Forces is rapidly approaching reality.
The South Korea Military Electric Vehicle Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
An army infantry division and South Korea's largest military contractor, Hanwha Defence, have begun testing a six-wheeled, multi-role autonomous ground vehicle that can go more than 100 kilometres on a single charge and carry up to 500 kg of cargo.
A multi-purpose unmanned ground vehicle (M-UGV), a four-wheeled 1.5-ton electric vehicle with a top speed of 30 kilometres per hour on paved highways, was previously displayed by Hanwha Defence.
The I-UGV can perform tasks including reconnaissance, communication relay, logistical delivery, casualty transport, and close combat, just like its smaller brother M-UGV.
An artificial intelligence-based weapon turret system is the RCWS from Hanwha Defence. It has the ability to hear the sound of gunshots and return fire in that direction.
Another automaker is expanding its military involvement. This time, Kia has declared intentions to create a new platform for the next military vehicles.
Additionally, the company is currently researching hydrogen fuel-cell technologies that can provide "huge amounts of electricity in battle settings" and developing autonomous technology for the military.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |