Multiple Launch Rocket Systems (MLRS)

Multiple Launch Rocket Systems (MLRS)

Global Multiple Launch Rocket Systems (MLRS) Market to Reach US$1.4 Billion by 2030

The global market for Multiple Launch Rocket Systems (MLRS) estimated at US$1.0 Billion in the year 2023, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Wheeled Launch Vehicle, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$959.0 Million by the end of the analysis period. Growth in the Tracked Launch Vehicle segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$275.9 Million While China is Forecast to Grow at 4.5% CAGR

The Multiple Launch Rocket Systems (MLRS) market in the U.S. is estimated at US$275.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$221.2 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.7% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Multiple Launch Rocket Systems (MLRS) Market – Key Trends & Drivers Summarized

What Are Multiple Launch Rocket Systems (MLRS) and How Do They Function?

Multiple Launch Rocket Systems (MLRS) are advanced artillery systems designed to deliver precision-guided or unguided rockets over long distances, targeting enemy forces, infrastructure, or armored vehicles. These systems are highly mobile and typically mounted on wheeled or tracked vehicles, allowing for rapid deployment in battlefield scenarios. MLRS can launch multiple rockets simultaneously in a concentrated area, creating a highly effective and destructive barrage. Modern MLRS systems are equipped with advanced fire control and targeting systems, allowing them to engage targets with greater accuracy and flexibility than traditional artillery. Their versatility, mobility, and power make MLRS a critical component in modern military operations, particularly in open battlefield environments where quick, devastating strikes are essential.

How Are Technological Advancements Shaping MLRS Development?

Technological innovations are driving significant advancements in MLRS systems, particularly in terms of precision, range, and automation. The integration of GPS and satellite navigation has greatly improved the accuracy of MLRS strikes, enabling forces to hit targets with greater precision, even from longer distances. Advances in rocket propulsion systems have extended the range of MLRS, allowing for strikes deep within enemy territory. Automation and digital fire control systems have also reduced the response time and improved the coordination of attacks, making these systems more effective in high-stress combat situations. Additionally, the development of modular MLRS platforms that can switch between different types of munitions is enhancing their operational flexibility, allowing military units to adapt to changing battlefield conditions quickly.

How Are Shifting Defense Priorities Impacting the MLRS Market?

As global defense strategies shift toward modernizing artillery capabilities, the demand for advanced MLRS systems is rising. Countries are increasingly focusing on enhancing their long-range strike capabilities to deter potential threats and improve rapid-response effectiveness. The ongoing conflicts and geopolitical tensions in regions like Eastern Europe, the Middle East, and Asia are further driving the need for more sophisticated and powerful rocket artillery. Additionally, the shift toward joint military operations, where multiple branches of armed forces must coordinate strikes, is increasing the need for integrated, networked MLRS systems that can communicate with other units and platforms. Furthermore, the emphasis on minimizing collateral damage and reducing civilian casualties is pushing the development of precision-guided munitions for MLRS, which is becoming a key driver in the market.

What Are the Key Growth Drivers in the MLRS Market?

The growth in the multiple launch rocket systems market is driven by several factors, including technological advancements, defense modernization programs, and shifting geopolitical dynamics. The demand for longer-range, precision-guided MLRS systems is increasing as military forces prioritize highly accurate, low-collateral damage strikes. Moreover, the rising global tensions and conflicts, particularly in Eastern Europe and the Asia-Pacific, are prompting nations to bolster their artillery capabilities, leading to more investments in advanced MLRS. Additionally, the focus on modularity and flexibility in military operations is driving the development of systems capable of firing various munitions, including guided rockets and missiles. The integration of advanced targeting and automation technologies is further fueling market growth, as these innovations improve the effectiveness and efficiency of MLRS systems in modern combat environments.

Select Competitors (Total 46 Featured) -

• Avibras Industria Aeroespacial S/A
• BAE Systems PLC
• Hanwha Corporation
• Imi Systems Ltd.
• Larsen & Toubro Ltd.
• Lockheed Martin Corporation
• Norinco Group
• Roketsan A.S.
• The Tata Power Company Limited (Strategic Engineering Division)

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