According to our (Global Info Research) latest study, the global Rocket Artillery market size was valued at US$ 17980 million in 2024 and is forecast to a readjusted size of USD 27880 million by 2031 with a CAGR of 6.5% during review period.
Rocket artillery refers to a type of artillery system that employs rockets as the primary projectiles for delivering explosive payloads to distant targets. Unlike traditional artillery, which uses cannons or howitzers to fire shells, rocket artillery relies on rocket propulsion to launch its projectiles. Rocket artillery is known for its long-range capabilities and can be used for various military purposes, including indirect fire support, area saturation, and strategic strikes.
Modernization and Procurement: Many countries have been investing in the modernization and procurement of rocket artillery systems to enhance their military capabilities. This includes replacing older systems with more advanced and longer-range rocket artillery.
Precision-Guided Munitions: There is a growing trend toward the development and deployment of precision-guided munitions for rocket artillery systems. These munitions improve accuracy and reduce collateral damage, making rocket artillery more effective in targeting specific points or enemy assets.
Extended Range: The development of rocket artillery systems with extended ranges has been a focus, allowing military forces to strike targets at greater distances. This trend contributes to the creation of standoff capabilities.
Multiple Launch Rocket Systems (MLRS): MLRS and similar multiple launch systems continue to be in demand due to their ability to launch multiple rockets quickly, creating saturation effects on the target area. Improved MLRS designs have been introduced to enhance mobility and firepower.
Counter-Battery Systems: As rocket artillery remains a potent threat, counter-battery systems that can detect and neutralize enemy rocket artillery have gained importance. These systems are used to protect military bases and assets.
This report is a detailed and comprehensive analysis for global Rocket Artillery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Rocket Artillery market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Rocket Artillery market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Rocket Artillery market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Rocket Artillery market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Rocket Artillery
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Rocket Artillery market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Lockheed Martin, Roketsan, IMI Systems, Avibras Industria Aeroespacial, Norinco, Npo Splav, Hanwha, Bae Systems, Tata Power, Larsen & Toubro, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Rocket Artillery market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Self-propelled Rocket Artillery
Trailed Rocket Artillery
Portable Rocket Artillery
Market segment by Application
Ground to Ground
Ground to Air
Major players covered
Lockheed Martin
Roketsan
IMI Systems
Avibras Industria Aeroespacial
Norinco
Npo Splav
Hanwha
Bae Systems
Tata Power
Larsen & Toubro
KMW
Thales Group
Excalibur Army
Zhongtian Rocket Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Rocket Artillery product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Rocket Artillery, with price, sales quantity, revenue, and global market share of Rocket Artillery from 2020 to 2025.
Chapter 3, the Rocket Artillery competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Rocket Artillery breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Rocket Artillery market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Rocket Artillery.
Chapter 14 and 15, to describe Rocket Artillery sales channel, distributors, customers, research findings and conclusion.
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