PUBLISHER: IMARC | PRODUCT CODE: 1801048
PUBLISHER: IMARC | PRODUCT CODE: 1801048
Multiple Launch Rocket Systems (MLRS) Market Report by Launch Vehicle (Tracked, Wheeled), Caliber Type (70-180 mm, 180-300 mm), Range (10-100 km, 100-300 km), Pod Capacity (Upto 16, More Than 16), and Region 2025-2033
The global multiple launch rocket systems (MLRS) market size reached USD 774.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,261.7 Million by 2033, exhibiting a growth rate (CAGR) of 5.57% during 2025-2033. The rising geopolitical tensions, modernization of armed forces, increased defense budgets, and ongoing technological advancements are primarily driving the market's growth.
Multiple Launch Rocket Systems (MLRS) Market Trends:
Rising Military Expenditure
The increasing military expenditure is driving the multiple launch rocket systems (MLRS) Market. For instance, according to an article published by the Stockholm International Peace Research Institute, total global military expenditure reached US$ 2,443 billion in 2023, up 6.8% in real terms from 2022. Governments are funding the development of next-generation MLRS platforms that incorporate new technologies such as precision-guided munitions, extended-range rockets, and networked battlefield systems. These factors are expected to propel the multiple launch rocket systems market share in the coming years.
Modernization of Military Forces
Many countries are pursuing the modernization of their armed forces, replacing aging equipment with more sophisticated and effective systems. This includes upgrading older MLRS platforms with newer technology, as well as acquiring entirely new systems with enhanced capabilities, such as precision-guided munitions and extended range. For instance, in May 2024, the United States Army granted Lockheed Martin a US$ 451 million contract to recapitalize additional M270 Multiple Launch Rocket Systems (MLRS), expanding its domestic fleet of launchers and providing improvements for global partners. These factors further positively influence the multiple launch rocket systems market forecast.
Technological Innovations
Innovations in MLRS technology are driving the market growth. These advancements include improved targeting accuracy, longer ranges, enhanced mobility, and integration with modern digital warfare systems. The development of precision-guided munitions (PGMs) and smart rockets enhances the effectiveness of MLRS systems, making them more attractive to military buyers. For instance, in September 2024, Australia planned to increase its domestic production capability of precision guided munitions (PGM) by inserting locally produced rocket motors and warheads into US guided multiple launch rocket system (GMLRS) missiles, thereby boosting the multiple launch rocket systems market revenue.
Global Multiple Launch Rocket Systems (MLRS) Industry Segmentation:
Breakup by Launch Vehicle:
- Tracked
- Wheeled
Wheeled exhibits a clear dominance in the market
According to the multiple launch rocket systems market outlook, wheeled MLRS platforms offer greater mobility compared to their tracked counterparts, allowing for faster deployment and repositioning. This makes them ideal for rapid-response operations and for covering large areas of terrain in dynamic combat environments. Moreover, wheeled systems generally have lower maintenance costs than tracked systems. They experience less wear and tear on components and tend to be easier and cheaper to maintain and repair. This is attractive for militaries looking to reduce the overall lifecycle costs of their artillery systems.
Breakup by Caliber Type:
- 70-180 mm
- 180-300 mm
Currently, 70-180 mm accounts for the majority of the total market share
According to the multiple launch rocket systems market overview, the caliber range of 70-180 mm is versatile, offering a balance between range, payload capacity, and mobility. These systems are suitable for a variety of missions, from close support operations to longer-range bombardment, making them attractive to many military forces. Moreover, the growing emphasis on asymmetric and irregular warfare, including counter-insurgency operations, is driving the demand for MLRS in this caliber range.
Breakup by Range:
- 10-100 km
- 100-300 km
100-300 km holds the largest market share
These systems provide the ability to strike deeper into enemy territory, targeting critical infrastructure, command centers, and supply lines. This range capability is essential for modern military strategies focused on precision strikes and disrupting enemy operations from a safe distance. Moreover, countries seek to enhance their strategic deterrence by acquiring MLRS systems with a 100-300 km range. These systems act as a deterrent against adversaries, giving militaries the ability to respond quickly and effectively to threats without needing to move forces into vulnerable positions.
Breakup by Pod Capacity:
- Upto 16
- More Than 16
Upto 16 exhibits a clear dominance in the market
Systems with up to 16 pod capacity provide a balance between firepower and mobility. These systems can be deployed in a wide variety of combat scenarios, from smaller-scale engagements to medium-intensity conflicts, offering versatility to military forces that need flexibility. Moreover, this capacity enables effective fire support in tactical operations, allowing for substantial barrages without overwhelming logistical requirements. It's particularly useful for supporting infantry and armored units in mid-scale battlefield environments.
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America currently dominates the global market
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America currently dominates the global market.
According to the multiple launch rocket systems market statistics, the U.S. and Canada continue to allocate substantial resources to defense, with a focus on modernizing their military capabilities. The U.S. has one of the largest defense budgets globally, and a significant portion is directed towards artillery systems like MLRS as part of long-term modernization strategies, which is further driving the market's growth. For instance, in May 2024, Lockheed Martin received a contract to supply additional High Mobility Artillery Rocket Systems (HIMARS) to the US Army. The HIMARS can fire the full MLRS family of weapons, including the extended-range variant.
Competitive Landscape:
The multiple launch rocket systems market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:
- Avibras Industria Aeroespacial
- BAE Systems Plc
- Denel Land Systems (Denel SOC Ltd.)
- Diehl Defence GmbH & Co. KG (Diehl Stiftung & Co. KG)
- Hanwha Corporation
- IMI Systems Ltd. (Elbit Systems Ltd.)
- Larsen & Toubro Limited
- Lockheed Martin Corporation
- Roketsan Roket Sanayii ve Ticaret A.S.
- Tata Advanced Systems Limited (Tata Sons Private Limited)
Key Questions Answered in This Report
- 1.What was the size of the global multiple launch rocket systems (MLRS) market in 2024?
- 2.What is the expected growth rate of the global multiple launch rocket systems (MLRS) market during 2025-2033?
- 3.What has been the impact of COVID-19 on the global multiple launch rocket systems (MLRS) market?
- 4.What are the key factors driving the global multiple launch rocket systems (MLRS) market?
- 5.What is the breakup of the global multiple launch rocket systems (MLRS) market based on the launch vehicle?
- 6.What is the breakup of the global multiple launch rocket systems (MLRS) market based on the caliber type?
- 7.What is the breakup of the global multiple launch rocket systems (MLRS) market based on the range?
- 8.What is the breakup of the global multiple launch rocket systems (MLRS) market based on the pod capacity?
- 9.What are the key regions in the global multiple launch rocket systems (MLRS) market?
- 10.Who are the key players/companies in the global multiple launch rocket systems (MLRS) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Multiple Launch Rocket Systems (MLRS) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Launch Vehicle
- 6.1 Tracked
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Wheeled
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Caliber Type
- 7.1 70-180 mm
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 180-300 mm
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Range
- 8.1 10-100 km
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 100-300 km
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Pod Capacity
- 9.1 Upto 16
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 More Than 16
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Avibras Industria Aeroespacial
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 BAE Systems Plc
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Denel Land Systems (Denel SOC Ltd.)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Diehl Defence GmbH & Co. KG (Diehl Stiftung & Co. KG)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Hanwha Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 IMI Systems Ltd. (Elbit Systems Ltd.)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Larsen & Toubro Limited
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Lockheed Martin Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Roketsan Roket Sanayii ve Ticaret A.S.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Tata Advanced Systems Limited (Tata Sons Private Limited)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.1 Avibras Industria Aeroespacial
List of Figures
- Figure 1: Global: Multiple Launch Rocket Systems Market: Major Drivers and Challenges
- Figure 2: Global: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Multiple Launch Rocket Systems Market: Breakup by Launch Vehicle (in %), 2024
- Figure 4: Global: Multiple Launch Rocket Systems Market: Breakup by Caliber Type (in %), 2024
- Figure 5: Global: Multiple Launch Rocket Systems Market: Breakup by Range (in %), 2024
- Figure 6: Global: Multiple Launch Rocket Systems Market: Breakup by Pod Capacity (in %), 2024
- Figure 7: Global: Multiple Launch Rocket Systems Market: Breakup by Region (in %), 2024
- Figure 8: Global: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Multiple Launch Rocket Systems (Tracked) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Multiple Launch Rocket Systems (Tracked) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Multiple Launch Rocket Systems (Wheeled) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Multiple Launch Rocket Systems (Wheeled) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Multiple Launch Rocket Systems (70-180 mm) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Multiple Launch Rocket Systems (70-180 mm) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Multiple Launch Rocket Systems (180-300 mm) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Multiple Launch Rocket Systems (180-300 mm) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Multiple Launch Rocket Systems (10-100 km) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Multiple Launch Rocket Systems (10-100 km) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Multiple Launch Rocket Systems (100-300 km) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Multiple Launch Rocket Systems (100-300 km) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Multiple Launch Rocket Systems (Upto 16) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Multiple Launch Rocket Systems (Upto 16) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Multiple Launch Rocket Systems (More than 16) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Multiple Launch Rocket Systems (More than 16) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: North America: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: North America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: United States: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: United States: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Canada: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Canada: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Asia Pacific: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Asia Pacific: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: China: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: China: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Japan: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Japan: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: India: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: India: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: South Korea: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: South Korea: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Australia: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Australia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Indonesia: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Indonesia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Europe: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Europe: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Germany: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Germany: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: France: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: France: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: United Kingdom: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: United Kingdom: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Italy: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Italy: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Spain: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Spain: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Russia: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Russia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Latin America: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Latin America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Brazil: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Brazil: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Mexico: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Mexico: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Middle East and Africa: Multiple Launch Rocket Systems Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Middle East and Africa: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Global: Multiple Launch Rocket Systems Industry: SWOT Analysis
- Figure 74: Global: Multiple Launch Rocket Systems Industry: Value Chain Analysis
- Figure 75: Global: Multiple Launch Rocket Systems Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Multiple Launch Rocket Systems Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Launch Vehicle (in Million USD), 2025-2033
- Table 3: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Caliber Type (in Million USD), 2025-2033
- Table 4: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Range (in Million USD), 2025-2033
- Table 5: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Pod Capacity (in Million USD), 2025-2033
- Table 6: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Multiple Launch Rocket Systems Market: Competitive Structure
- Table 8: Global: Multiple Launch Rocket Systems Market: Key Players
