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The military hybrid electric vehicle (HEV) and electric vehicle (EV) market size is forecast to increase by USD 13,468.6 billion at a CAGR of 18.47% between 2023 and 2028. The market is experiencing significant growth due to the push toward the adoption of eco-friendly and sustainable military vehicles. This trend is driven by increasing environmental concerns and the need to reduce dependence on fossil fuels. Advanced battery technology in both HEVs and EVs is a major growth factor, enabling longer ranges and improved performance. However, the high total cost of ownership of HEVs remains a challenge, particularly for military applications where reliability and durability are paramount. Despite this, the military sector is investing in research and development to overcome these challenges and integrate HEVs and EVs into their fleets to reduce emissions and enhance operational capabilities.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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