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New military land vehicles now demand more power and energy due to the increasing quantity of electronic equipment, which increases the standard for vehicle battery technology. Li-ion battery technology has become a top secondary battery technology in a range of applications. This is due to advancements in a variety of areas, including electrode materials and cell design.
As batteries have a tendency to lose capacity with higher rates of discharge, the high levels of electronics used in military vehicles are expected to severely limit battery capacity.
The main economies in this area are increasing their spending on the purchase of military vehicles, which is a key factor in the growth of the Asia Pacific Military Vehicle Electrification market.
Demand for Military Vehicle Electrification in the region is projected to rise as a result of rising geopolitical tensions and rising defence budget. Government subsidies, significant investments in fuel cell research, and a focus on providing clean energy and ecologically beneficial solutions are the driving forces behind this technology.
The Thailand Military Electric Vehicle market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Following agreements with major industry partners in Malaysia and Thailand, NIMR Automotive, the foremost producer of light and medium-weight wheeled military vehicles in the Middle East and North Africa, is actively extending its reach into the Southeast Asian area.
In order to investigate prospective prospects in Thailand, NIMR has been collaborating closely with FICO Technology and Engineering (FTECH), another indicator of its expanding influence in the area.
Through the cooperation, the Military Transport Training Centre in Thailand will host testing for NIMR’s AJBAN 440A and Long Range Special Operations Vehicle (LRSOV). In the presence of top Thai Armed Forces personnel, both vehicles will be tested and evaluated.
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