Market Overview:
The global multiple launch rocket systems (MLRS) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the MLRS market can be attributed to the increasing demand for space simulation, rocket launches, and other applications. North America is expected to lead the global MLRS market during the forecast period owing to the presence of major missile manufacturers in this region. Asia Pacific is projected to be the fastest-growing region during the forecast period due to rising defense expenditure by countries such as China and India.
Product Definition:
A Multiple launch rocket system (MLRS) is a type of rocket artillery system. It is typically an armored vehicle mounting a number of long-range rockets or missiles in a turret. The United States Army uses the acronym MLRS to describe its ground-based multiple rocket launchers, while NATO calls similar systems GMLRS (Ground Launched Multi-Rocket Systems).
Tracked Type Launch:
Tracked type launch is a method of launching where the rocket is guided by a track which follows the path of least resistance. The concept was originated in Germany during World War II and later developed into an important part of ballistic missile systems.
The tracked type launch (TTL) has gained prominence in Multiple Launch Rocket Systems (MLRS) market owing to its ability to provide accurate targeting, high reliability,.
Wheeled Type Launch:
The wheeled type launch and it’s usage in multiple launch rocket systems (MLRS) market is expected to grow at a significant rate over the forecast period. The wheeled type launch system has gained popularity owing to its ability to deliver heavy payloads into space with high accuracy. It also enables easy mobility of the equipment and allows for quick changes in location, which is further expected to drive demand over the next seven years.
Application Insights:
The rocket launch application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing need for launching satellites into space from both domestic and foreign soil has been driving multiple launch systems demand in this application segment. MLRS are used by several countries to carry out launches on foreign soil, as it provides an effective cover against any missile attack during takeoff and landing phases of rockets.
The other applications include military & defense, armed forces training & operations, civil programs (scientific research), space simulation etc., which are yet to be covered under this category globally or regionally speaking.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a technologically advanced nation, has adopted sophisticated military equipment such as multiple launch rocket systems for its defense forces.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from China and India for multiple launch rocket systems with enhanced features suitable for ground troops.
Middle East & Africa is also projected to grow at a considerable rate due to growing conflicts between Iran-backed militias in Syria and Israel-backed militias in Lebanon which have led Israel army into using various types rockets including Multiple Launch Rocket Systems (MLRS).
Growth Factors:
- Increasing demand for precision strike capabilities across the globe
- Proliferation of asymmetric warfare and terrorism
- Growing need for fire support in modern battlefields
- Rapid technological advancements in MLRS systems
- Rising defense budgets of emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiple Launch Rocket Systems (MLRS) Market Research Report
By Type
Tracked Type Launch, Wheeled Type Launch
By Application
Space Simulation, Rocket Launch, Other
By Companies
Lockheed Martin, Roketsan, Imi Systems, Avibras Industria Aeroespacial, Norinco, Npo Splav, Hanwha, Bae Systems, Tata Power, Larsen & Toubro
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Multiple Launch Rocket Systems (MLRS) Market Report Segments:
The global Multiple Launch Rocket Systems (MLRS) market is segmented on the basis of:
Types
Tracked Type Launch, Wheeled Type Launch
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
Space Simulation, Rocket Launch, Other
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:
- Lockheed Martin
- Roketsan
- Imi Systems
- Avibras Industria Aeroespacial
- Norinco
- Npo Splav
- Hanwha
- Bae Systems
- Tata Power
- Larsen & Toubro
Highlights of The Multiple Launch Rocket Systems (MLRS) 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:
- Tracked Type Launch
- Wheeled Type Launch
- By Application:
- Space Simulation
- Rocket Launch
- Other
- 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 (MLRS) 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 rocket launcher that fires multiple rockets simultaneously.
Some of the key players operating in the multiple launch rocket systems (mlrs) market are Lockheed Martin, Roketsan, Imi Systems, Avibras Industria Aeroespacial, Norinco, Npo Splav, Hanwha, Bae Systems, Tata Power, Larsen & Toubro.
The multiple launch rocket systems (mlrs) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multiple Launch Rocket Systems (MLRS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multiple Launch Rocket Systems (MLRS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multiple Launch Rocket Systems (MLRS) Market - Supply Chain
4.5. Global Multiple Launch Rocket Systems (MLRS) Market Forecast
4.5.1. Multiple Launch Rocket Systems (MLRS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multiple Launch Rocket Systems (MLRS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multiple Launch Rocket Systems (MLRS) Market Absolute $ Opportunity
5. Global Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Type
5.3.1. Tracked Type Launch
5.3.2. Wheeled Type Launch
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Application
6.3.1. Space Simulation
6.3.2. Rocket Launch
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multiple Launch Rocket Systems (MLRS) Demand Share Forecast, 2019-2026
9. North America Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Application
9.4.1. Space Simulation
9.4.2. Rocket Launch
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Type
9.7.1. Tracked Type Launch
9.7.2. Wheeled Type Launch
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multiple Launch Rocket Systems (MLRS) Demand Share Forecast, 2019-2026
10. Latin America Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Application
10.4.1. Space Simulation
10.4.2. Rocket Launch
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Type
10.7.1. Tracked Type Launch
10.7.2. Wheeled Type Launch
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multiple Launch Rocket Systems (MLRS) Demand Share Forecast, 2019-2026
11. Europe Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Application
11.4.1. Space Simulation
11.4.2. Rocket Launch
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Type
11.7.1. Tracked Type Launch
11.7.2. Wheeled Type Launch
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multiple Launch Rocket Systems (MLRS) Demand Share, 2019-2026
12. Asia Pacific Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Application
12.4.1. Space Simulation
12.4.2. Rocket Launch
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Type
12.7.1. Tracked Type Launch
12.7.2. Wheeled Type Launch
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multiple Launch Rocket Systems (MLRS) Demand Share, 2019-2026
13. Middle East & Africa Multiple Launch Rocket Systems (MLRS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multiple Launch Rocket Systems (MLRS) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Application
13.4.1. Space Simulation
13.4.2. Rocket Launch
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multiple Launch Rocket Systems (MLRS) Market Size and Volume Forecast by Type
13.7.1. Tracked Type Launch
13.7.2. Wheeled Type Launch
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multiple Launch Rocket Systems (MLRS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multiple Launch Rocket Systems (MLRS) Market: Market Share Analysis
14.2. Multiple Launch Rocket Systems (MLRS) Distributors and Customers
14.3. Multiple Launch Rocket Systems (MLRS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lockheed Martin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Roketsan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Imi Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Avibras Industria Aeroespacial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Norinco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Npo Splav
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hanwha
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bae Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tata Power
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Larsen & Toubro
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook