Multiple Launch Rocket Systems Market Forecasts to 2028 – Global Analysis By Launch Vehicle (Tracked and Wheeled), Caliber (70-180 mm and 180-300 mm), Range (10-100 km and 100-300 km), Pod Capacity (Up to 16 and 16 to 40), Application (Hardware and Softw

Multiple Launch Rocket Systems Market Forecasts to 2028 – Global Analysis By Launch Vehicle (Tracked and Wheeled), Caliber (70-180 mm and 180-300 mm), Range (10-100 km and 100-300 km), Pod Capacity (Up to 16 and 16 to 40), Application (Hardware and Software), End User and By Geography

According to Stratistics MRC, the Global Multiple Launch Rocket Systems Market is accounted for $804.14 million in 2022 and is expected to reach $1290.31 million by 2028 growing at a CAGR of 8.2% during the forecast period. A multiple launch rocket system (MLRS) is a versatile automatic weapon that can launch guided rockets and missiles. The launcher contains a fire control computer and is installed on a stretched chassis. A lot of firepower is delivered by MLRS to attack at great ranges and with heavy payloads at all levels of the tactical battlefield. Modern wheeled systems are currently gaining popularity in the defence and military industry on a global scale because they are lightweight, have a high degree of mobility, and are faster than tracked systems.

According to Stockholm International Peace Research Institute (SIPRI), total global military expenditure rose to $1981 billion in 2020, an increase of 2.6 percent from 2019. According to new amendments in the Motor Vehicle Act that came into force in September 2019, authorities will levy a fine of INR 1000, and the consequence can also be suspension of driving license or imprisonment for up to 3 months if a motorcycle rider is found to ride without a helmet. Also, according to Central Motor Vehicle Rules, the manufacturer must give the protective headgear at the time of purchase of the 2-wheeler.

Market Dynamics:

Driver:

Rising cross-border tensions between various countries

One of the major factors driving the market expansion is the escalating tensions across international borders, which are occurring at the same time that more governments are investing in cutting-edge weapons. These organisations are also investing in new system purchases and artillery modernization initiatives. In addition, the preference for guided munitions over unguided rocket artillery is expanding, which is helping MLRS sales. This is expected to drive the multiple launch rocket systems market during the forecast period.

Restraint:

High maintenance cost

The global Multiple Launch Rocket Systems market expected to hinder growth during the forecast period. The biggest drawback of this vehicle is the significant expense of maintenance required to keep the barrels ready to fire. Hence, its rocket system with many launches is a negative.

Opportunity:

Growth in artillery modernization programs

The market for multiple-launch rocket systems is expected to rise as a result of reasons including an increase in artillery modernization programmes, an increase in defence spending, an increase in territorial disputes, and the purchase of new multiple rocket launch systems. Technology advancements in MLRS, such as the creation of guided multiple-launch rocket systems, are another factor that is paving the way for the market expansion of multi-launch rocket systems.

Threat:

Dual-use nature

Dual-use products can be utilized for both civilian and military purposes. Because these products can be categorized for civilian use, converted to military use, or even worse, utilized for terrorism, they are subject to strict regulation. The Dual- use nature of this product is limiting the growth of the global multiple launch rocket systems market.

Covid-19 Impact:

The worldwide quarantine implemented in reaction to the COVID-19 outbreak has resulted in an economic disaster that has disrupted virtually every industry. The areospace sector is not an exception to how badly the pandemic is affecting other industries. Businesses were compelled to make challenging financial and cost-cutting decisions in the wake of the SARS-CoV-2 outbreak in order to maintain the flow of goods. The new coronavirus's immediate impact on the global industrial sector—which led to a decline in demand—led to the lockdown. Due to the economic devastation caused by the global quarantine implemented in reaction to the COVID-19 breakout, almost every business is in disarray.

The tracked multi-barrel rocket launchers segment is expected to be the largest during the forecast period

Based on the launch vehicle, the market is classified into Tracked and Wheeled. The tracked segment is projected to control the global multiple launch rocket systems market and most liable explanation for the majority of the share during the forecast period. Tracked rocket launchers are expected to dominate the Launch Vehicle section of the Global Multiple Launch Rocket Systems in the coming years, owing to the growing desire for self-loading and other autonomous characteristics such as an update in fire control systems.

The 180 mm-300 mm segment is expected to have the highest CAGR during the forecast period

Based on the caliber, the market is segmented into 70-180 mm and 180-300 mm. The 180 mm- 300 mm segment is captured to be more profitable and predicted to record a strong CAGR during the forecast period. The market for global multiple launch rocket systems is expected to be dominated by artillery with width dimensions in the region of 180 mm to 300 mm due to the growing preference for modern machinery with increased destructive capacity.

Region with highest share:

The North America region market is estimated to witness a highest share of the global multiple launch rocket systems market during the forecast period, particularly the US, accounted for the largest share of the multiple launch rocket systems market, due the reasons for the United States' superiority are mostly due to expanding artillery modernization programmes and a shift in emphasis to high mobility, lightweight artillery systems.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. Multiple Launch Rocket Systems (MLRS) Market growth prospects in the Asia-Pacific region would be lucrative due to factors including rising military spending and escalating international conflicts.

Key players in the market

Some of the key players in multiple launch rocket systems market include BAE Systems, Norinco, Larsen & Toubro, Tata Power Sed, Avibras Indstria Aeroespacial S.A., Lockheed Martin, Hanwha, Roketsan, NPO Splav, IMI Systems

Key Developments:

In September 2022, Hanwha proposed its Chunmoo multiple rocket launcher (MRL) to Poland at the International Defence Industry Exhibition MSPO 2022 being held in Kielce.

In June 2022, Tata Advanced Systems, Larsen and Toubro deliver 100th missile launcher for IAF’s Akash project.

In July 2022, Lockheed Delivers First Upgraded Multiple Launch Rocket System to US Army.

Launch Vehicles Covered:
• Tracked
• Wheeled

Calibers Covered:
• 70-180 mm
• 180-300 mm

Range Covered:
• 10-100 km
• 100-300 km

Pod Capacities Covered:
• Up to 16
• 16 to 40

Applications Covered:
• Hardware
• Software

End Users Covered:
• Original Equipment Manufacturer (OEM)
• Ammunition Manufacturers
• Defence Services

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Multiple Launch Rocket Systems Market, By Launch Vehicle
5.1 Introduction
5.2 Tracked
5.3 Wheeled
6 Global Multiple Launch Rocket Systems Market, By Caliber
6.1 Introduction
6.2 70-180 mm
6.3 180-300 mm
7 Global Multiple Launch Rocket Systems Market, By Range
7.1 Introduction
7.2 10-100 km
7.3 100-300 km
8 Global Multiple Launch Rocket Systems Market, By Pod Capacity
8.1 Introduction
8.2 Up to 16
8.3 16 to 40
9 Global Multiple Launch Rocket Systems Market, By Application
9.1 Introduction
9.2 Hardware
9.3 Software
10 Global Multiple Launch Rocket Systems Market, By End User
10.1 Introduction
10.2 Original Equipment Manufacturer (OEM)
10.3 Ammunition Manufacturers
10.4 Defense Services
11 Global Multiple Launch Rocket Systems Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 BAE Systems
13.2 Norinco
13.3 Larsen & Toubro
13.4 Tata Power Sed
13.5 Avibras Indstria Aeroespacial S.A.
13.6 Lockheed Martin
13.7 Hanwha
13.8 Roketsan
13.9 NPO Splav
13.10 IMI Systems
List of Tables
Table 1 Global Multiple Launch Rocket Systems Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Multiple Launch Rocket Systems Market Outlook, By Launch Vehicle (2020-2028) ($MN)
Table 3 Global Multiple Launch Rocket Systems Market Outlook, By Tracked (2020-2028) ($MN)
Table 4 Global Multiple Launch Rocket Systems Market Outlook, By Wheeled (2020-2028) ($MN)
Table 5 Global Multiple Launch Rocket Systems Market Outlook, By Caliber (2020-2028) ($MN)
Table 6 Global Multiple Launch Rocket Systems Market Outlook, By 70-180 mm (2020-2028) ($MN)
Table 7 Global Multiple Launch Rocket Systems Market Outlook, By 180-300 mm (2020-2028) ($MN)
Table 8 Global Multiple Launch Rocket Systems Market Outlook, By Range (2020-2028) ($MN)
Table 9 Global Multiple Launch Rocket Systems Market Outlook, By 10-100 km (2020-2028) ($MN)
Table 10 Global Multiple Launch Rocket Systems Market Outlook, By 100-300 km (2020-2028) ($MN)
Table 11 Global Multiple Launch Rocket Systems Market Outlook, By Capacity (2020-2028) ($MN)
Table 12 Global Multiple Launch Rocket Systems Market Outlook, By Up to 16 (2020-2028) ($MN)
Table 13 Global Multiple Launch Rocket Systems Market Outlook, By 16 to 40 (2020-2028) ($MN)
Table 14 Global Multiple Launch Rocket Systems Market Outlook, By Application (2020-2028) ($MN)
Table 15 Global Multiple Launch Rocket Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 16 Global Multiple Launch Rocket Systems Market Outlook, By Software (2020-2028) ($MN)
Table 17 Global Multiple Launch Rocket Systems Market Outlook, By End User (2020-2028) ($MN)
Table 18 Global Multiple Launch Rocket Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 19 Global Multiple Launch Rocket Systems Market Outlook, By Ammunition Manufacturers (2020-2028) ($MN)
Table 20 Global Multiple Launch Rocket Systems Market Outlook, By Defense Services (2020-2028) ($MN)
Table 21 North America Multiple Launch Rocket Systems Market Outlook, By Country (2020-2028) ($MN)
Table 22 North America Multiple Launch Rocket Systems Market Outlook, By Launch Vehicle (2020-2028) ($MN)
Table 23 North America Multiple Launch Rocket Systems Market Outlook, By Tracked (2020-2028) ($MN)
Table 24 North America Multiple Launch Rocket Systems Market Outlook, By Wheeled (2020-2028) ($MN)
Table 25 North America Multiple Launch Rocket Systems Market Outlook, By Caliber (2020-2028) ($MN)
Table 26 North America Multiple Launch Rocket Systems Market Outlook, By 70-180 mm (2020-2028) ($MN)
Table 27 North America Multiple Launch Rocket Systems Market Outlook, By 180-300 mm (2020-2028) ($MN)
Table 28 North America Multiple Launch Rocket Systems Market Outlook, By Range (2020-2028) ($MN)
Table 29 North America Multiple Launch Rocket Systems Market Outlook, By 10-100 km (2020-2028) ($MN)
Table 30 North America Multiple Launch Rocket Systems Market Outlook, By 100-300 km (2020-2028) ($MN)
Table 31 North America Multiple Launch Rocket Systems Market Outlook, By Capacity (2020-2028) ($MN)
Table 32 North America Multiple Launch Rocket Systems Market Outlook, By Up to 16 (2020-2028) ($MN)
Table 33 North America Multiple Launch Rocket Systems Market Outlook, By 16 to 40 (2020-2028) ($MN)
Table 34 North America Multiple Launch Rocket Systems Market Outlook, By Application (2020-2028) ($MN)
Table 35 North America Multiple Launch Rocket Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 36 North America Multiple Launch Rocket Systems Market Outlook, By Software (2020-2028) ($MN)
Table 37 North America Multiple Launch Rocket Systems Market Outlook, By End User (2020-2028) ($MN)
Table 38 North America Multiple Launch Rocket Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 39 North America Multiple Launch Rocket Systems Market Outlook, By Ammunition Manufacturers (2020-2028) ($MN)
Table 40 North America Multiple Launch Rocket Systems Market Outlook, By Defense Services (2020-2028) ($MN)
Table 41 Europe Multiple Launch Rocket Systems Market Outlook, By Country (2020-2028) ($MN)
Table 42 Europe Multiple Launch Rocket Systems Market Outlook, By Launch Vehicle (2020-2028) ($MN)
Table 43 Europe Multiple Launch Rocket Systems Market Outlook, By Tracked (2020-2028) ($MN)
Table 44 Europe Multiple Launch Rocket Systems Market Outlook, By Wheeled (2020-2028) ($MN)
Table 45 Europe Multiple Launch Rocket Systems Market Outlook, By Caliber (2020-2028) ($MN)
Table 46 Europe Multiple Launch Rocket Systems Market Outlook, By 70-180 mm (2020-2028) ($MN)
Table 47 Europe Multiple Launch Rocket Systems Market Outlook, By 180-300 mm (2020-2028) ($MN)
Table 48 Europe Multiple Launch Rocket Systems Market Outlook, By Range (2020-2028) ($MN)
Table 49 Europe Multiple Launch Rocket Systems Market Outlook, By 10-100 km (2020-2028) ($MN)
Table 50 Europe Multiple Launch Rocket Systems Market Outlook, By 100-300 km (2020-2028) ($MN)
Table 51 Europe Multiple Launch Rocket Systems Market Outlook, By Capacity (2020-2028) ($MN)
Table 52 Europe Multiple Launch Rocket Systems Market Outlook, By Up to 16 (2020-2028) ($MN)
Table 53 Europe Multiple Launch Rocket Systems Market Outlook, By 16 to 40 (2020-2028) ($MN)
Table 54 Europe Multiple Launch Rocket Systems Market Outlook, By Application (2020-2028) ($MN)
Table 55 Europe Multiple Launch Rocket Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 56 Europe Multiple Launch Rocket Systems Market Outlook, By Software (2020-2028) ($MN)
Table 57 Europe Multiple Launch Rocket Systems Market Outlook, By End User (2020-2028) ($MN)
Table 58 Europe Multiple Launch Rocket Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 59 Europe Multiple Launch Rocket Systems Market Outlook, By Ammunition Manufacturers (2020-2028) ($MN)
Table 60 Europe Multiple Launch Rocket Systems Market Outlook, By Defense Services (2020-2028) ($MN)
Table 61 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Country (2020-2028) ($MN)
Table 62 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Launch Vehicle (2020-2028) ($MN)
Table 63 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Tracked (2020-2028) ($MN)
Table 64 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Wheeled (2020-2028) ($MN)
Table 65 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Caliber (2020-2028) ($MN)
Table 66 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By 70-180 mm (2020-2028) ($MN)
Table 67 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By 180-300 mm (2020-2028) ($MN)
Table 68 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Range (2020-2028) ($MN)
Table 69 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By 10-100 km (2020-2028) ($MN)
Table 70 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By 100-300 km (2020-2028) ($MN)
Table 71 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Capacity (2020-2028) ($MN)
Table 72 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Up to 16 (2020-2028) ($MN)
Table 73 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By 16 to 40 (2020-2028) ($MN)
Table 74 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Application (2020-2028) ($MN)
Table 75 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 76 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Software (2020-2028) ($MN)
Table 77 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By End User (2020-2028) ($MN)
Table 78 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 79 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Ammunition Manufacturers (2020-2028) ($MN)
Table 80 Asia Pacific Multiple Launch Rocket Systems Market Outlook, By Defense Services (2020-2028) ($MN)
Table 81 South America Multiple Launch Rocket Systems Market Outlook, By Country (2020-2028) ($MN)
Table 82 South America Multiple Launch Rocket Systems Market Outlook, By Launch Vehicle (2020-2028) ($MN)
Table 83 South America Multiple Launch Rocket Systems Market Outlook, By Tracked (2020-2028) ($MN)
Table 84 South America Multiple Launch Rocket Systems Market Outlook, By Wheeled (2020-2028) ($MN)
Table 85 South America Multiple Launch Rocket Systems Market Outlook, By Caliber (2020-2028) ($MN)
Table 86 South America Multiple Launch Rocket Systems Market Outlook, By 70-180 mm (2020-2028) ($MN)
Table 87 South America Multiple Launch Rocket Systems Market Outlook, By 180-300 mm (2020-2028) ($MN)
Table 88 South America Multiple Launch Rocket Systems Market Outlook, By Range (2020-2028) ($MN)
Table 89 South America Multiple Launch Rocket Systems Market Outlook, By 10-100 km (2020-2028) ($MN)
Table 90 South America Multiple Launch Rocket Systems Market Outlook, By 100-300 km (2020-2028) ($MN)
Table 91 South America Multiple Launch Rocket Systems Market Outlook, By Capacity (2020-2028) ($MN)
Table 92 South America Multiple Launch Rocket Systems Market Outlook, By Up to 16 (2020-2028) ($MN)
Table 93 South America Multiple Launch Rocket Systems Market Outlook, By 16 to 40 (2020-2028) ($MN)
Table 94 South America Multiple Launch Rocket Systems Market Outlook, By Application (2020-2028) ($MN)
Table 95 South America Multiple Launch Rocket Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 96 South America Multiple Launch Rocket Systems Market Outlook, By Software (2020-2028) ($MN)
Table 97 South America Multiple Launch Rocket Systems Market Outlook, By End User (2020-2028) ($MN)
Table 98 South America Multiple Launch Rocket Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 99 South America Multiple Launch Rocket Systems Market Outlook, By Ammunition Manufacturers (2020-2028) ($MN)
Table 100 South America Multiple Launch Rocket Systems Market Outlook, By Defense Services (2020-2028) ($MN)
Table 101 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Country (2020-2028) ($MN)
Table 102 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Launch Vehicle (2020-2028) ($MN)
Table 103 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Tracked (2020-2028) ($MN)
Table 104 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Wheeled (2020-2028) ($MN)
Table 105 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Caliber (2020-2028) ($MN)
Table 106 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By 70-180 mm (2020-2028) ($MN)
Table 107 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By 180-300 mm (2020-2028) ($MN)
Table 108 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Range (2020-2028) ($MN)
Table 109 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By 10-100 km (2020-2028) ($MN)
Table 110 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By 100-300 km (2020-2028) ($MN)
Table 111 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Capacity (2020-2028) ($MN)
Table 112 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Up to 16 (2020-2028) ($MN)
Table 113 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By 16 to 40 (2020-2028) ($MN)
Table 114 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Application (2020-2028) ($MN)
Table 115 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 116 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Software (2020-2028) ($MN)
Table 117 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By End User (2020-2028) ($MN)
Table 118 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 119 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Ammunition Manufacturers (2020-2028) ($MN)
Table 120 Middle East & Africa Multiple Launch Rocket Systems Market Outlook, By Defense Services (2020-2028) ($MN)

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