Market Overview:
The global multiple launch rocket systems (MLRS) market is expected to grow from USD 2.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 5.0% from 2018 to 2030. The growth of the MLRS market can be attributed to the increasing demand for artillery systems across the globe and rising tensions among countries in various regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The wheeled MLRS segment is projected to lead the global MLRS market during the forecast period owing to its advantages such as high mobility and quick deployment time over tracked MLRSs.
Product Definition:
A multiple launch rocket system (MLRS) is a type of artillery weapon that launches several unguided rockets simultaneously. MLRS weapons have a range of at least 20 kilometers. The importance of multiple launch rocket systems lies in their ability to saturate an area with high volumes of fire, quickly destroying targets within the area.
Wheeled MLRS:
The global wheeled MLRS market size was valued at USD 1.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for enhanced mobility, especially in military & defense applications, is one of the key factors driving industry growth globally.
Wheeled Multiple Launch Rocket Systems (MLRS) are vehicles designed to carry several missiles.
Tracked MLRS:
Tracked MLRS is a variant of Multiple Launch Rocket Systems (MLRS) that uses tracked vehicles to deliver multiple missiles to target. The system is designed for high accuracy and reliability, which helps in achieving the desired range with maximum number of missiles.
The tracked MLRS has several advantages over wheeled ones as it can be used on uneven surfaces, such as fields and paved roads, without risk of rolling or instability caused to the vehicle.
Application Insights:
Hardware application dominated the global market with a share of over 60.0% in 2017. The increasing need for enhancing the accuracy and reliability of missiles is expected to be one of the key factors driving the growth during next eight years. Furthermore, governments are increasingly focusing on developing their armed forces capabilities to counter growing threats from ballistic missiles, aircraft and drones in order to maintain sovereignty and territorial integrity across regions.
The multiple launch rocket system has been witnessing an increased demand from countries such as India, China Japan & Australia among others due to its ability to deliver precision-guided munitions at long range thereby making it a preferred battlefield weapon against enemy targets located deep inside enemy territory thus ensuring total annihilation of all targets by way of massive firepower concentration towards single target engagement which is expected fuel product demand over next eight years especially during 2020s till 2030 globally.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a major contributor to the development of advanced and next-generation rockets, is expected to maintain its dominance over the forecast period. Asia Pacific is anticipated to witness significant growth over the coming years owing to increasing military expenditure by countries such as China and India, which are among some of the largest consumers of MLRS systems across this region. Moreover, technological advancements coupled with growing demand for robust and reliable weapons are likely to contribute toward regional growth during this period.
The European market was valued at USD X million in 2017; however, it is anticipated that by 2030 it will grow significantly due high investments made by various governments for procuring these systems for their armed forces across several member states including Germany, France.
Growth Factors:
- Increasing demand for precision strike capabilities across the globe
- Proliferation of ballistic and cruise missiles, and unmanned aerial vehicles (UAVs) by terrorist organizations and rogue states
- Growing investments by militaries in MLRS systems to modernize their artillery capabilities
- Emergence of next-generation MLRS systems with enhanced range, accuracy, and lethality
- Proliferation of precision-guided munitions (PGMs) that can be fired from MLRS systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiple Launch Rocket Systems Market Research Report
By Type
Wheeled MLRS, Tracked MLRS
By Application
Hardware, Software
By Companies
Avibras, Denel Land Systems, Lockheed Martin, Roketsan, Diehl Defence, BAE Systems, Splav State Research and Production Association, Norinco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Multiple Launch Rocket Systems Market Report Segments:
The global Multiple Launch Rocket Systems market is segmented on the basis of:
Types
Wheeled MLRS, Tracked MLRS
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hardware, Software
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Avibras
- Denel Land Systems
- Lockheed Martin
- Roketsan
- Diehl Defence
- BAE Systems
- Splav State Research and Production Association
- Norinco
Highlights of The Multiple Launch Rocket Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wheeled MLRS
- Tracked MLRS
- By Application:
- Hardware
- Software
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multiple Launch Rocket Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multiple Launch Rocket Systems (MLRS) are a type of artillery system that fires multiple rockets simultaneously.
Some of the key players operating in the multiple launch rocket systems market are Avibras, Denel Land Systems, Lockheed Martin, Roketsan, Diehl Defence, BAE Systems, Splav State Research and Production Association, Norinco.
The multiple launch rocket systems market is expected to register a CAGR of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multiple Launch Rocket Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multiple Launch Rocket Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multiple Launch Rocket Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multiple Launch Rocket Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multiple Launch Rocket Systems Market Size & Forecast, 2018-2028
4.5.1 Multiple Launch Rocket Systems Market Size and Y-o-Y Growth
4.5.2 Multiple Launch Rocket Systems Market Absolute $ Opportunity
Chapter 5 Global Multiple Launch Rocket Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multiple Launch Rocket Systems Market Size Forecast by Type
5.2.1 Wheeled MLRS
5.2.2 Tracked MLRS
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multiple Launch Rocket Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multiple Launch Rocket Systems Market Size Forecast by Applications
6.2.1 Hardware
6.2.2 Software
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multiple Launch Rocket Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multiple Launch Rocket Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multiple Launch Rocket Systems Analysis and Forecast
9.1 Introduction
9.2 North America Multiple Launch Rocket Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multiple Launch Rocket Systems Market Size Forecast by Type
9.6.1 Wheeled MLRS
9.6.2 Tracked MLRS
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multiple Launch Rocket Systems Market Size Forecast by Applications
9.10.1 Hardware
9.10.2 Software
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multiple Launch Rocket Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Multiple Launch Rocket Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multiple Launch Rocket Systems Market Size Forecast by Type
10.6.1 Wheeled MLRS
10.6.2 Tracked MLRS
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multiple Launch Rocket Systems Market Size Forecast by Applications
10.10.1 Hardware
10.10.2 Software
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multiple Launch Rocket Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multiple Launch Rocket Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multiple Launch Rocket Systems Market Size Forecast by Type
11.6.1 Wheeled MLRS
11.6.2 Tracked MLRS
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multiple Launch Rocket Systems Market Size Forecast by Applications
11.10.1 Hardware
11.10.2 Software
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multiple Launch Rocket Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Multiple Launch Rocket Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multiple Launch Rocket Systems Market Size Forecast by Type
12.6.1 Wheeled MLRS
12.6.2 Tracked MLRS
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multiple Launch Rocket Systems Market Size Forecast by Applications
12.10.1 Hardware
12.10.2 Software
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multiple Launch Rocket Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multiple Launch Rocket Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multiple Launch Rocket Systems Market Size Forecast by Type
13.6.1 Wheeled MLRS
13.6.2 Tracked MLRS
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multiple Launch Rocket Systems Market Size Forecast by Applications
13.10.1 Hardware
13.10.2 Software
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multiple Launch Rocket Systems Market: Competitive Dashboard
14.2 Global Multiple Launch Rocket Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avibras
14.3.2 Denel Land Systems
14.3.3 Lockheed Martin
14.3.4 Roketsan
14.3.5 Diehl Defence
14.3.6 BAE Systems
14.3.7 Splav State Research and Production Association
14.3.8 Norinco
