Multiple Launch Rocket Systems (MLRS) Market Report: Trends, Forecast and Competitive Analysis to 2030

Multiple Launch Rocket Systems (MLRS) Trends and Forecast

The future of the multiple launch rocket systems (MLRS) market looks promising with opportunities in the tracked and wheeled markets. The multiple launch rocket systems (MLRS) market is expected to reach an estimated $999.0 million by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing geopolitical tensions and security threats, advancements in technology, and increasing preference for guided munitions over unguided rocketry.

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Multiple Launch Rocket Systems (MLRS) by Segment

The study includes a forecast for the global multiple launch rocket systems (MLRS) by launch vehicle, caliber type, range, pod capacity, and region.

Multiple Launch Rocket Systems (MLRS) Market by Launch Vehicle [Shipment Analysis by Value from 2018 to 2030]:

• Tracked
• Wheeled

Multiple Launch Rocket Systems (MLRS) Market by Caliber Type [Shipment Analysis by Value from 2018 to 2030]:

• 70-180 mm
• 180-300 mm

Multiple Launch Rocket Systems (MLRS) Market by Range [Shipment Analysis by Value from 2018 to 2030]:

• 10-100 Km
• 100-300 Km

Multiple Launch Rocket Systems (MLRS) Market by Pod Capacity [Shipment Analysis by Value from 2018 to 2030]:

• Upto 16
• More Than 16

Multiple Launch Rocket Systems (MLRS) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Multiple Launch Rocket Systems (MLRS) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies multiple launch rocket systems (MLRS) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the multiple launch rocket systems (MLRS) companies profiled in this report include-

• Lockheed Martin
• Roketsan
• IMI Systems
• Avibras Industria Aeroespacial
• Norinco
• NPO Splav
• Hanwha
• BAE Systems
• Tata Power Sed
• Larsen & Toubro

Multiple Launch Rocket Systems (MLRS) Market Insights

Lucintel forecasts that 100-300 km is expected to witness the highest growth over the forecast period due to growth in procurement and indigenous development of long range rocket launchers.

North America is expected to witness highest growth over the forecast period due to rising artillery modernization programs and focusing on high mobility, and light weight artillery systems.

Features of the Multiple Launch Rocket Systems (MLRS) Market

Market Size Estimates: Multiple launch rocket systems (MLRS) market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Multiple launch rocket systems (MLRS) market size by launch vehicle, caliber type, range, pod capacity, and region in terms of value ($M).

Regional Analysis: Multiple launch rocket systems (MLRS) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different launch vehicle, caliber type, range, pod capacity, and regions for the multiple launch rocket systems (MLRS) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the multiple launch rocket systems (MLRS) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the multiple launch rocket systems (MLRS) market size?

Answer: The global multiple launch rocket systems (MLRS) market is expected to reach an estimated $999.0 million by 2030.

Q2. What is the growth forecast for multiple launch rocket systems (MLRS) market?

Answer: The global multiple launch rocket systems (MLRS) market is expected to grow with a CAGR of 7.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the multiple launch rocket systems (MLRS) market?

Answer: The major drivers for this market are growing geopolitical tensions and security threats, advancements in technology, and increasing preference for guided munitions over unguided rocketry.

Q4. What are the major segments for multiple launch rocket systems (MLRS) market?

Answer: The future of the multiple launch rocket systems (MLRS) market looks promising with opportunities in the tracked and wheeled markets.

Q5. Who are the key multiple launch rocket systems (MLRS) market companies?

Answer: Some of the key multiple launch rocket systems (MLRS) companies are as follows.

• Lockheed Martin
• Roketsan
• IMI Systems
• Avibras Industria Aeroespacial
• Norinco
• NPO Splav
• Hanwha
• BAE Systems
• Tata Power Sed
• Larsen & Toubro

Q6. Which multiple launch rocket systems (MLRS) market segment will be the largest in future?

Answer: Lucintel forecasts that 100-300 km is expected to witness the highest growth over the forecast period due to growth in procurement and indigenous development of long range rocket launchers.

Q7. In multiple launch rocket systems (MLRS) market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising artillery modernization programs and focusing on high mobility, and light weight artillery systems.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the multiple launch rocket systems (MLRS) market by launch vehicle (tracked and wheeled), caliber type (70-180 mm and 180-300 mm), range (10-100 km and 100-300 km), pod capacity (upto 16 and more than 16), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?