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Multiple Launch Rocket Systems Market Report
Multiple Launch Rocket Systems (MLRS) Market Size, Share, Trend, Forecast, & Competitive Analysis.
Multiple Launch Rocket Systems (MLRS) Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as rise in expenditure on artillery modernization agenda and acquisition of new MLRS systems are expected to drive the global MLRS market.
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Multiple Launch Rocket Systems (MLRS) Market - Snapshot |
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Growth |
8.2% for the next five years |
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Major Launch Vehicle Type |
Tracked |
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Major Caliber Type |
180-300 mm |
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Dominant Range Type |
100-300 km |
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Region with the highest demand |
North America |
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Key Players |
Avibras Indústria Aeroespacial S.A., BAE Systems PLC, Hanwha Corporation, IMI Systems, Lockheed Martin Corporation, Norinco Group, NPO Splav, Roketsan, and Tata Power SED. |
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Based on the launch vehicle type, the market is segmented as tracked and wheeled. The tracked segment is estimated to register a higher growth during the forecast period. Factors such as military artillery upgrade agenda and new system acquisitions are expected to boost the market.
Based on the caliber type, the market is segmented as 70-180 mm and 180-300 mm. The 180-300 mm segment is projected to depict a higher growth during the forecast period. The growth of this segment is owing to an increase in the number of long-range multiple launch rocket systems globally and the replacement of traditional systems with MLRS systems with guided ammunition.
Based on the range type, the market is segmented as 10-100 Km and 100-300 Km. The 100-300 km range segment is expected to lead the market during the forecast period, driven by the rise in procurement and indigenous development of long-range rocket launchers across the globe.
In terms of regions, North America, particularly the US, held the largest share of the multiple launch rocket systems market in 2018, followed by Europe and Asia-Pacific. The dominance of the US is predominantly owing to the mounting artillery modernization agendas and everchanging focus to high mobility, lightweight artillery systems. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Multiple Launch Rocket Systems are rocket artillery systems that are larger in size than the other multiple warheads.
Multiple Launch Rocket Systems can be tracked or wheeled. They are available in different caliber types and different pod capacity types.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Multiple Launch Rocket Systems (MLRS) Market Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The multiple launch rocket systems market is segmented into the following categories.
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Some of the major players in the multiple launch rocket systems market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Multiple Launch Rocket Systems are rocket artillery systems that are larger in size than the other multiple warheads. Multiple Launch Rocket Systems can be tracked or wheeled. They are available in different caliber types and different pod capacity types.
Multiple Launch Rocket Systems (MLRS) Market is likely to witness an impressive CAGR of 8.2% during the forecast period.
In terms of regions, North America, particularly the US, held the largest share of the multiple launch rocket systems market in 2018.
Some of the major players in the multiple launch rocket systems market are Avibras Indústria Aeroespacial S.A., BAE Systems PLC, Hanwha Corporation, IMI Systems, Lockheed Martin Corporation, Norinco Group, NPO Splav, Roketsan, and Tata Power SED.
The 100-300 km range segment is expected to lead multiple rocket systems market in the coming years.
The tracked segment is expected to register higher growth in the multiple rocket systems market during the next five years.
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