Market Overview:
The global multiple rocket launchers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for multiple rocket launchers for military and commercial applications. In terms of type, the tracked rocket launchers segment is expected to lead the global multiple rocket launchers market during the forecast period, followed by wheeled and towed rocket launcher segments.
Product Definition:
A multiple rocket launcher (MRL) is a type of artillery weapon that is capable of firing multiple rounds in quick succession. MRLs are typically mounted on vehicles or bases, and can be used to provide support for infantry or tanks. They are an important part of modern military arsenals, and can be used to quickly bombard an area with high volumes of fire.
Tracked Rocket Launchers:
Tracked rocket launchers are a new type ofMultiple Rocket Launchers (MRL) system that follows a pre-determined path and fires in prescribed directions. The rockets can be fired in multiple patterns, one after another, simultaneously. This innovation is expected to change the way warfighters use tracked vehicles as it enables them to fire at targets with high accuracy while moving through difficult terrain at higher speeds.
Wheeled Rocket Launchers:
The wheeled rocket launchers are used to place the missiles on the rails for firing. The wheeled rockets can be placed in any position in relation to theMultiple Rocket Launchers (MRL) and still fire accurately.
The wheeled rocket launcher is a crucial component of every space program as it helps with loading & unloading, positioning, and launching missiles & other projectiles into orbit.
Application Insights:
The global market has been segmented into political and commercial applications. In 2017, the political application dominated the global market with a share of over 90%. The growth can be attributed to the usage of these systems for launching satellites for communication and surveillance purposes. Furthermore, governments are opting for this system as it offers flexibility in terms of location and fire control options which are suitable for short-range attacks.
The commercial segment is expected to witness significant growth over the forecast period owing to an increase in military expenditure by countries such as China India Japan U.S., Saudi Arabia etc., involved in border conflicts with other countries such as Pakistan China Vietnam Indonesia Malaysia etc., leading to increased demand from customers including Israel Russia UAE etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., which is the major shareholder, has a strong military-industrial complex with high investments from government and other private entities for developing advanced weapons systems. Europe also held a significant share of global revenue and is expected to grow at an exponential rate over the forecast period owing to increasing defense budget by various countries including Russia, France, Germany, Italy among others.
Growth Factors:
- Increasing demand for space exploration and research
- Growing number of space startups and initiatives
- Proliferation of small satellite technology
- Development of reusable launch vehicles
- Increased funding for space-related programs
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiple Rocket Launchers Market Research Report
By Type
Tracked Rocket Launchers, Wheeled Rocket Launchers, Towed Rocket Launchers
By Application
Political, Commerical
By Companies
Lockheed Martin, NORINCO GROUP, Splav, Roketsan, Avibras, IMI
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Multiple Rocket Launchers Market Report Segments:
The global Multiple Rocket Launchers market is segmented on the basis of:
Types
Tracked Rocket Launchers, Wheeled Rocket Launchers, Towed Rocket Launchers
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
Political, Commerical
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
- NORINCO GROUP
- Splav
- Roketsan
- Avibras
- IMI
Highlights of The Multiple Rocket Launchers 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 Rocket Launchers
- Wheeled Rocket Launchers
- Towed Rocket Launchers
- By Application:
- Political
- Commerical
- 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 Rocket Launchers 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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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 Rocket Launchers (MRLS) are a type of artillery system that fires multiple rockets simultaneously. MRLS systems are typically used to launch missiles or artillery shells.
Some of the key players operating in the multiple rocket launchers market are Lockheed Martin, NORINCO GROUP, Splav, Roketsan, Avibras, IMI.
The multiple rocket launchers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multiple Rocket Launchers 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 Rocket Launchers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multiple Rocket Launchers Market - Supply Chain
4.5. Global Multiple Rocket Launchers Market Forecast
4.5.1. Multiple Rocket Launchers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multiple Rocket Launchers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multiple Rocket Launchers Market Absolute $ Opportunity
5. Global Multiple Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Type
5.3.1. Tracked Rocket Launchers
5.3.2. Wheeled Rocket Launchers
5.3.3. Towed Rocket Launchers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multiple Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Application
6.3.1. Political
6.3.2. Commerical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multiple Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers Demand Share Forecast, 2019-2026
9. North America Multiple Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Application
9.4.1. Political
9.4.2. Commerical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multiple Rocket Launchers Market Size and Volume Forecast by Type
9.7.1. Tracked Rocket Launchers
9.7.2. Wheeled Rocket Launchers
9.7.3. Towed Rocket Launchers
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 Rocket Launchers Demand Share Forecast, 2019-2026
10. Latin America Multiple Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Application
10.4.1. Political
10.4.2. Commerical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multiple Rocket Launchers Market Size and Volume Forecast by Type
10.7.1. Tracked Rocket Launchers
10.7.2. Wheeled Rocket Launchers
10.7.3. Towed Rocket Launchers
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 Rocket Launchers Demand Share Forecast, 2019-2026
11. Europe Multiple Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Application
11.4.1. Political
11.4.2. Commerical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multiple Rocket Launchers Market Size and Volume Forecast by Type
11.7.1. Tracked Rocket Launchers
11.7.2. Wheeled Rocket Launchers
11.7.3. Towed Rocket Launchers
11.8. Basis Poin 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 Rocket Launchers Demand Share, 2019-2026
12. Asia Pacific Multiple Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Application
12.4.1. Political
12.4.2. Commerical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multiple Rocket Launchers Market Size and Volume Forecast by Type
12.7.1. Tracked Rocket Launchers
12.7.2. Wheeled Rocket Launchers
12.7.3. Towed Rocket Launchers
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 Rocket Launchers Demand Share, 2019-2026
13. Middle East & Africa Multiple Rocket Launchers 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 Rocket Launchers 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 Rocket Launchers Market Size and Volume Forecast by Application
13.4.1. Political
13.4.2. Commerical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multiple Rocket Launchers Market Size and Volume Forecast by Type
13.7.1. Tracked Rocket Launchers
13.7.2. Wheeled Rocket Launchers
13.7.3. Towed Rocket Launchers
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 Rocket Launchers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multiple Rocket Launchers Market: Market Share Analysis
14.2. Multiple Rocket Launchers Distributors and Customers
14.3. Multiple Rocket Launchers 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. NORINCO GROUP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Splav
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Roketsan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Avibras
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. IMI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
