The need for enhanced border security due to issues related to increasing land disputes, migration, and smuggling, has forced several countries to strengthen their security. This has led to the increase in the demand for advanced military ground vehicles with improved engine performance. Electric or hybrid engines have an ability to provide on-demand torque immediately at rapid speed than in a gasoline or diesel engine alone. Hence, upcoming military ground vehicles will substantially be different as they will have partially electric powered systems. Such developments will contribute to the growth of the market in near future.

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The number of companies infused with capital needed for research and development has grown substantially in terms of propulsion system development. Moreover, the operational advantages of military ground vehicle propulsion system have given rise to small scale companies engaged in battery manufacturing for military ground vehicles. The propulsion system manufacturers have attracted various number of investments from renowned capital firms. Hence, the market holds an opportunity for small to mid-cap companies to enter the market space with the help of venture capital investments.

The growth of the military ground vehicle propulsion system market is majorly due to the increase in demand by various governments to acquire new/upgraded military ground vehicles having advanced propulsion systems which may open a new era of warfare equipment with less fuel consumption, improved mobility of the vehicle, and significant on-board electricity supply. For instance, on October 2018, QinetiQ received two contracts by the Office of Naval Research (government agency) for the development of long travel suspension systems and electric hub drive propulsion system to be used in armored reconnaissance vehicles. This development will be accomplished by QinetiQ under the DARPA Ground X Vehicle Technologies (GXV-T) programme.

Also, increasing conflicts, political instability, and terrorism activities, coupled with increasing border instability force countries to strengthen their military ground vehicle capabilities. Therefore, the defense forces of various countries including the U.S., India, China, the U.K., Poland, and others are increasing their budget for procuring military ground vehicle with advanced engines for their military personnel. On October 2019, BAE Systems, Inc. debuted Robotic Technology Demonstrator (RTD) unmanned ground vehicle which features autonomous mobility with hybrid electric drive for fuel efficiency to support situational awareness and reconnaissance.

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Civilian manufacturers and automotive engineers from defense organizations are discovering innovative engine designs to provide additional benefits to militaries in range, reliability, and fuel consumption which is expected to propel the market growth. Additionally, the growing awareness of proposed engines in the emerging economies such as China, India, South Korea, Turkey, Egypt, Iran, and Brazil also drive the growth of military ground vehicle propulsion system market in the upcoming years.

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