PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1760353
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1760353
Global Multiple Launch Rocket Systems (MLRS) Market Size Study & Forecast, by Launch Vehicle, Caliber Range, Pod Capacity and Regional Forecasts 2025-2035
The Global Multiple Launch Rocket Systems (MLRS) Market is valued at approximately USD 0.23 billion in 2024 and is expected to expand at a CAGR of 6.12% over the forecast period 2025-2035. MLRS, known for their capability to deliver overwhelming firepower in a short span, play a pivotal role in modern warfare by providing rapid, high-volume rocket barrages. These systems are widely deployed to neutralize enemy assets, deliver precision strikes, and bolster deterrent posturing across geopolitical hotspots. Their relevance continues to mount amid escalating regional conflicts, rising cross-border tensions, and the strategic pivot of defense ministries toward agile and mobile artillery solutions. As global defense doctrines evolve toward fast-response and high-mobility units, demand for versatile, long-range MLRS platforms is rapidly gaining traction.
One of the primary catalysts driving this market is the increased emphasis on ground combat superiority and military readiness among NATO nations and key Asian powers. Advances in guidance systems, fire control mechanisms, and satellite-linked targeting have exponentially boosted the accuracy and tactical relevance of these rocket systems. Nations are upgrading or replacing their aging MLRS fleets with cutting-edge variants capable of engaging deeper targets with improved precision. Moreover, emerging economies are aggressively ramping up investments in indigenous missile programs, further fueling demand for launch systems compatible with multi-caliber, high-capacity payloads. However, procurement costs, export control restrictions, and the need for substantial operational training may limit adoption in budget-sensitive or diplomatically constrained regions.
From a regional perspective, North America holds a dominant share in the MLRS market, driven by the U.S. Department of Defense's robust procurement cycles and R&D investments into next-gen mobile artillery platforms. The region benefits from defense giants like Lockheed Martin actively enhancing the capabilities of legacy systems such as HIMARS. On the other hand, Asia Pacific is projected to register the highest growth, attributed to heightened tensions in the South China Sea, cross-border volatility in South Asia, and the strategic expansion of military budgets in China, India, and South Korea. Europe, meanwhile, is seeing renewed MLRS interest due to the ongoing recalibration of force structures in response to eastern European conflicts, compelling countries like Poland, Germany, and the UK to bolster their artillery capabilities.
Major market player included in this report are:
- Lockheed Martin Corporation
- BAE Systems PLC
- Hanwha Corporation
- Larsen & Toubro Limited
- Elbit Systems Ltd.
- Denel SOC Ltd
- IMI Systems (part of Elbit Systems)
- Avibras Industria Aeroespacial S/A
- Thales Group
- Nexter Group
- Roketsan A.S.
- Norinco (China North Industries Group Corporation)
- Rafael Advanced Defense Systems Ltd.
- Raytheon Technologies Corporation
- General Dynamics Corporation
Global Multiple Launch Rocket Systems (MLRS) Market Report Scope:
- Historical Data - 2023, 2024
- Base Year for Estimation - 2024
- Forecast period - 2025-2035
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
By Launch Vehicle:
- Tracked
- Wheeled
By Caliber Range:
- 70-180mm
- 180-300mm
By Pod Capacity:
- Up to 16 Rockets
- 16 to 40 Rockets
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2025 to 2035.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Multiple Launch Rocket Systems (MLRS) Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. Key Findings
Chapter 3. Global Multiple Launch Rocket Systems (MLRS) Market Forces Analysis
- 3.1. Market Forces Shaping the Global Multiple Launch Rocket Systems (MLRS) Market 2024-2035
- 3.2. Drivers
- 3.2.1. Rising Demand for Agile, Long-Range Artillery Solutions
- 3.2.2. Advances in Guidance, Fire Control & Satellite-Linked Targeting
- 3.3. Restraints
- 3.3.1. High Procurement Costs and Lifecycle Expenditure
- 3.3.2. Export Control Restrictions and Training Requirements
- 3.4. Opportunities
- 3.4.1. Rapid Modernization Programs in Asia Pacific
- 3.4.2. Growth of Indigenous Missile and Launch System Initiatives
Chapter 4. Global MLRS Industry Analysis
- 4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's Five Forces Forecast Model 2024-2035
- 4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top Investment Opportunities
- 4.5. Top Winning Strategies 2025
- 4.6. Market Share Analysis 2024-2025
- 4.7. Global Pricing Analysis and Trends 2025
- 4.8. Analyst Recommendations & Conclusion
Chapter 5. Global Multiple Launch Rocket Systems (MLRS) Market Size & Forecasts by Launch Vehicle 2025-2035
- 5.1. Market Overview
- 5.2. Tracked Launch Vehicles
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
- 5.3. Wheeled Launch Vehicles
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
Chapter 6. Global Multiple Launch Rocket Systems (MLRS) Market Size & Forecasts by Caliber Range 2025-2035
- 6.1. Market Overview
- 6.2. 70-180 mm Systems
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
- 6.3. 180-300 mm Systems
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
Chapter 7. Global Multiple Launch Rocket Systems (MLRS) Market Size & Forecasts by Pod Capacity 2025-2035
- 7.1. Market Overview
- 7.2. Up to 16 Rockets
- 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.2.2. Market Size Analysis, by Region, 2025-2035
- 7.3. 16 to 40 Rockets
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market Size Analysis, by Region, 2025-2035
Chapter 8. Global Multiple Launch Rocket Systems (MLRS) Market Size & Forecasts by Region 2025-2035
- 8.1. Regional Market Snapshot
- 8.2. Top Leading & Emerging Countries
- 8.3. North America Multiple Launch Rocket Systems (MLRS) Market
- 8.3.1. U.S. Multiple Launch Rocket Systems (MLRS) Market
- 8.3.1.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.3.1.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.3.2. Canada Multiple Launch Rocket Systems (MLRS) Market
- 8.3.2.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.3.2.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.3.1. U.S. Multiple Launch Rocket Systems (MLRS) Market
- 8.4. Europe Multiple Launch Rocket Systems (MLRS) Market
- 8.4.1. UK Multiple Launch Rocket Systems (MLRS) Market
- 8.4.1.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.4.1.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.4.2. Germany Multiple Launch Rocket Systems (MLRS) Market
- 8.4.2.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.4.2.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.4.3. France Multiple Launch Rocket Systems (MLRS) Market
- 8.4.3.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.4.3.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.4.4. Spain Multiple Launch Rocket Systems (MLRS) Market
- 8.4.4.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.4.4.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.4.5. Italy Multiple Launch Rocket Systems (MLRS) Market
- 8.4.5.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.4.5.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.4.6. Rest of Europe Multiple Launch Rocket Systems (MLRS) Market
- 8.4.6.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.4.6.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.4.1. UK Multiple Launch Rocket Systems (MLRS) Market
- 8.5. Asia Pacific Multiple Launch Rocket Systems (MLRS) Market
- 8.5.1. China Multiple Launch Rocket Systems (MLRS) Market
- 8.5.1.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.5.1.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.5.2. India Multiple Launch Rocket Systems (MLRS) Market
- 8.5.2.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.5.2.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.5.3. Japan Multiple Launch Rocket Systems (MLRS) Market
- 8.5.3.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.5.3.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.5.4. Australia Multiple Launch Rocket Systems (MLRS) Market
- 8.5.4.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.5.4.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.5.5. South Korea Multiple Launch Rocket Systems (MLRS) Market
- 8.5.5.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.5.5.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.5.6. Rest of Asia Pacific Multiple Launch Rocket Systems (MLRS) Market
- 8.5.6.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.5.6.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.5.1. China Multiple Launch Rocket Systems (MLRS) Market
- 8.6. Latin America Multiple Launch Rocket Systems (MLRS) Market
- 8.6.1. Brazil Multiple Launch Rocket Systems (MLRS) Market
- 8.6.1.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.6.1.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.6.2. Mexico Multiple Launch Rocket Systems (MLRS) Market
- 8.6.2.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.6.2.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.6.1. Brazil Multiple Launch Rocket Systems (MLRS) Market
- 8.7. Middle East & Africa Multiple Launch Rocket Systems (MLRS) Market
- 8.7.1. UAE Multiple Launch Rocket Systems (MLRS) Market
- 8.7.1.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.7.1.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.7.2. Saudi Arabia Multiple Launch Rocket Systems (MLRS) Market
- 8.7.2.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.7.2.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.7.3. South Africa Multiple Launch Rocket Systems (MLRS) Market
- 8.7.3.1. Launch Vehicle Breakdown & Forecasts, 2025-2035
- 8.7.3.2. Caliber Range Breakdown & Forecasts, 2025-2035
- 8.7.1. UAE Multiple Launch Rocket Systems (MLRS) Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Lockheed Martin Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Portfolio
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
- 9.3. BAE Systems PLC
- 9.4. Hanwha Corporation
- 9.5. Larsen & Toubro Limited
- 9.6. Elbit Systems Ltd.
- 9.7. Denel SOC Ltd
- 9.8. IMI Systems
- 9.9. Avibras Ind. Aeroespacial S/A
- 9.10. Thales Group
- 9.11. Nexter Group
- 9.12. Roketsan A.S.
- 9.13. Norinco
- 9.14. Rafael Advanced Defense Systems Ltd.
- 9.15. Raytheon Technologies Corporation
