Multiple Launch Rocket Systems Market to Grow at a CAGR of 8.2% during 2017-2026

According to Stratistics MRC, the Global Multiple Launch Rocket Systems (MLRS) market is expected to grow from $565.84 million in 2017 to reach $1149.32 million by 2026 with a CAGR of 8.2%. Factors such as increase in artillery modernization programs and growing territorial disputes are fueling the market growth. However, rocket inaccuracy is hampering the market.

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A multiple rocket launcher (MRL) or multiple launch rocket system (MLRS) is a type of rocket artillery system which launches multiple rocks during war. Faster reloading and simpler logistics are the main advantages of multiple launch rocket system. MLRS can fire existing types of rockets without any modifications or special preparation.

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On the basis of firing range, 100-300 is projected to grow at a significant rate. Because of their bigger calibre the new systems has the capable of launching rockets upto 300 km. Increasing in demand for lightweight, highly mobile long range MLRS systems is expected to drive the 100-300 km range MLRS systems. Based on region, Europe commanded the largest market share during the forecast period due to the artillery modernization programs such as HOMAR in Poland.

Some of the key players in Multiple Launch Rocket Systems (MLRS) include Larsen & Toubro, NPO Splav, IMI Systems, Tata Power Sed, Avibras Indústria Aeroespacial S .A., Lockheed Martin Corporation, Hanwha Corporation, Roketsan, BAE Systems PLC and Norinco Group.

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Firing Ranges Covered:

10-100 km

100-300 km

 

Pod Capacities Covered:

Up to 16

16 to 40

 

Caliber Ranges Covered:

70-180mm

180-300mm

 

Launch Vehicle Covered:

Tracked

Wheeled

 

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

 

Table of Content

1 Executive Summary

2 Preface 

3 Market Trend Analysis 

4 Porters Five Force Analysis 

5 Global Multiple Launch Rocket Systems (MLRS) Market, By Firing Range

6 Global Multiple Launch Rocket Systems (MLRS) Market, By Pod Capacity

7 Global Multiple Launch Rocket Systems (MLRS) Market, By Caliber Range

8 Global Multiple Launch Rocket Systems (MLRS) Market, By Launch Vehicle

9 Global Multiple Launch Rocket Systems (MLRS) Market, By Geography

10 Key Developments

11 Company Profiling

 

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