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Multiple Launch Rocket Systems Market Report by Launch Vehicle, Caliber Type, Range, Pod Capacity, and Region 2024-2032

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    Report

  • 143 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901491
Description Jump to:
The global multiple launch rocket systems (MLRS) market size reached US$ 732.3 Million in 2023. Looking forward, the publisher expects the market to reach US$ 1.24 billion by 2032, exhibiting a growth rate (CAGR) of 6.03% during 2023-2032.

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:

The publisher 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

Breakup by Caliber Type:

  • 70-180 mm
  • 180-300 mm

Breakup by Range:

  • 10-100 km
  • 100-300 km

Breakup by Pod Capacity:

  • Upto 16
  • More Than 16

Breakup by Region:

  • 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

Competitive Landscape:

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?

Table of Contents

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
List of Figures
Figure 1: Global: Multiple Launch Rocket Systems Market: Major Drivers and Challenges
Figure 2: Global: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Multiple Launch Rocket Systems Market: Breakup by Launch Vehicle (in %), 2023
Figure 4: Global: Multiple Launch Rocket Systems Market: Breakup by Caliber Type (in %), 2023
Figure 5: Global: Multiple Launch Rocket Systems Market: Breakup by Range (in %), 2023
Figure 6: Global: Multiple Launch Rocket Systems Market: Breakup by Pod Capacity (in %), 2023
Figure 7: Global: Multiple Launch Rocket Systems Market: Breakup by Region (in %), 2023
Figure 8: Global: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Multiple Launch Rocket Systems (Tracked) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Multiple Launch Rocket Systems (Tracked) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Multiple Launch Rocket Systems (Wheeled) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Multiple Launch Rocket Systems (Wheeled) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Multiple Launch Rocket Systems (70-180 mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Multiple Launch Rocket Systems (70-180 mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Multiple Launch Rocket Systems (180-300 mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Multiple Launch Rocket Systems (180-300 mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Multiple Launch Rocket Systems (10-100 km) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Multiple Launch Rocket Systems (10-100 km) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Multiple Launch Rocket Systems (100-300 km) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Multiple Launch Rocket Systems (100-300 km) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Multiple Launch Rocket Systems (Upto 16) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Multiple Launch Rocket Systems (Upto 16) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Multiple Launch Rocket Systems (More than 16) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Multiple Launch Rocket Systems (More than 16) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: North America: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: North America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: United States: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: United States: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Canada: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Canada: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Asia Pacific: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Asia Pacific: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: China: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: China: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Japan: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Japan: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: India: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: India: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: South Korea: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: South Korea: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Australia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Australia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Indonesia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Indonesia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Europe: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Europe: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Germany: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Germany: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: France: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: France: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: United Kingdom: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: United Kingdom: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Italy: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Italy: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Spain: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Spain: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Russia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Russia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Latin America: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Latin America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Brazil: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Brazil: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Mexico: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Mexico: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Middle East and Africa: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Middle East and Africa: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Global: Multiple Launch Rocket Systems Industry: SWOT Analysis
Figure 74: Global: Multiple Launch Rocket Systems Industry: Value Chain Analysis
Figure 75: Global: Multiple Launch Rocket Systems Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Multiple Launch Rocket Systems Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Launch Vehicle (in Million US$), 2024-2032
Table 3: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Caliber Type (in Million US$), 2024-2032
Table 4: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Range (in Million US$), 2024-2032
Table 5: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Pod Capacity (in Million US$), 2024-2032
Table 6: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Multiple Launch Rocket Systems Market: Competitive Structure
Table 8: Global: Multiple Launch Rocket Systems Market: Key Players

Companies Mentioned

  • 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.
  • Tata Advanced Systems Limited (Tata Sons Private Limited)

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 0.73 Billion
Forecasted Market Value ( USD ) by 2032 $ 1.24 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Multiple Launch Rocket System Market

The Multiple Launch Rocket System (MLRS) is a type of missile system used by militaries around the world. It is designed to fire a variety of rockets and missiles, including surface-to-surface, surface-to-air, and air-to-surface missiles. MLRS systems are typically mounted on a tracked or wheeled vehicle, allowing for rapid deployment and increased mobility. The system is capable of launching multiple rockets simultaneously, providing a high rate of fire and a wide area of coverage. MLRS systems are used by militaries for a variety of purposes, including offensive and defensive operations, counter-battery fire, and suppression of enemy air defenses. They are also used for reconnaissance and surveillance, as well as for providing fire support to ground forces. The MLRS market is a highly competitive one, with a number of companies offering a variety of systems. Some of the major players in the market include Lockheed Martin, Raytheon, Northrop Grumman, BAE Systems, and Rheinmetall. Show Less Read more

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