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 2024-2032
The global multiple launch rocket systems (MLRS) market size reached US$ 732.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,240.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
A multiple launch rocket system (MLRS) is a versatile automatic weapon used to fire guided rockets and missiles. The launcher is mounted on stretched chassis and comprises a fire control computer. MLRS delivers a large firepower volume to strike long-range and high payloads at all depths of the tactical battlefield. At present, modern wheeled systems, which are lightweight and have high mobility and speed compared to tracked systems, are gaining traction in the defense and military sector worldwide.
The rising cross-border tensions between various countries, in confluence with the increasing funding for advanced weapons by several governing agencies, represents one of the key factors bolstering the market growth. These agencies are also spending on artillery modernization programs and the acquisition of new systems. Apart from this, the growing popularity of guided ammunition over unguided rocket artillery is positively influencing the sales of MLRS. Furthermore, the introduction of guided MLRS that relies on the global positioning system (GPS) and inertial guidance package to enhance positioning accuracy and fire from dispersed positions at a single target is strengthening the market growth. It also helps in reducing logistics load, chances of collateral damage and fratricide, while increasing the effective range of the MLRS rocket. Moreover, the development of a more sophisticated MLRS that uses radar data and one-way radio datalink to initiate a two-dimensional correction of the rocket flight path is anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global multiple launch rocket systems (MLRS) market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on launch vehicle, caliber type, range and pod capacity.
Breakup by Launch Vehicle:
- Tracked
- Wheeled
- 70-180 mm
- 180-300 mm
- 10-100 km
- 100-300 km
- Upto 16
- More Than 16
- 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
The report has also analysed the competitive landscape of the market with some of the key players being Avibrás Indústria 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. and 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 2023?
2. What is the expected growth rate of the global multiple launch rocket systems (MLRS) market during 2024-2032?
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?
- 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
- 10.2 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
- 10.3 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
- 10.4 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
- 10.5 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 Avibrás Indústria 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
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