The Military Vehicle Electrification Market is undergoing rapid growth, expected to reach USD 20.4 Billion by 2030, driven by advancements in technology, operational efficiency, and environmental sustainability. Key factors propelling this growth include the imperative to enhance military capabilities while addressing global climate concerns, leading to a focus on electrification. Electric military vehicles offer benefits such as reduced fuel dependency, lower operational costs, and enhanced tactical capabilities. The integration of advanced battery technologies, especially Lithium-ion batteries, extends operational range and ensures rapid response capabilities. Fuel Cell technology, particularly hydrogen fuel cells, is anticipated to grow rapidly by providing longer operational ranges and quick refueling. North America is leading the market, with the U.S. actively investing in electric and hybrid-electric military vehicle programs to enhance operational efficiency and reduce reliance on traditional fuel sources. The article highlights the advantages of electrification in Main Battle Tanks (MBTs), citing increased agility, efficiency, and reduced logistical burdens. The market drivers include improved onboard power capabilities, reduced fuel consumption, and enhanced stealth capabilities for military operations, offering tactical advantages in dynamic scenarios.