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Multiple Launch Rocket Systems (MLRS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 140 pages | ID: M1B7945BBFACEN
IMARC Group

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The global multiple launch rocket systems (MLRS) market size reached US$ 686 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,013 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2022-2028.
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 level from 2023-2028. 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 Avibrбs Indъstria 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 2022?
2. What is the expected growth rate of the global multiple launch rocket systems (MLRS) market during 2023-2028?
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
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 More than
  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 Avibrбs Indъstria 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 TABLES

Table 1: Global: Multiple Launch Rocket Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Launch Vehicle (in Million US$), 2023-2028
Table 3: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Caliber Type (in Million US$), 2023-2028
Table 4: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Range (in Million US$), 2023-2028
Table 5: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Pod Capacity (in Million US$), 2023-2028
Table 6: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Multiple Launch Rocket Systems Market: Competitive Structure
Table 8: Global: Multiple Launch Rocket Systems Market: Key Players

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$), 2017-2022
Figure 3: Global: Multiple Launch Rocket Systems Market: Breakup by Launch Vehicle (in %), 2022
Figure 4: Global: Multiple Launch Rocket Systems Market: Breakup by Caliber Type (in %), 2022
Figure 5: Global: Multiple Launch Rocket Systems Market: Breakup by Range (in %), 2022
Figure 6: Global: Multiple Launch Rocket Systems Market: Breakup by Pod Capacity (in %), 2022
Figure 7: Global: Multiple Launch Rocket Systems Market: Breakup by Region (in %), 2022
Figure 8: Global: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Multiple Launch Rocket Systems (Tracked) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Multiple Launch Rocket Systems (Tracked) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Multiple Launch Rocket Systems (Wheeled) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Multiple Launch Rocket Systems (Wheeled) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Multiple Launch Rocket Systems (70-180 mm) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Multiple Launch Rocket Systems (70-180 mm) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Multiple Launch Rocket Systems (180-300 mm) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Multiple Launch Rocket Systems (180-300 mm) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Multiple Launch Rocket Systems (10-100 km) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Multiple Launch Rocket Systems (10-100 km) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Multiple Launch Rocket Systems (100-300 km) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Multiple Launch Rocket Systems (100-300 km) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Multiple Launch Rocket Systems (Upto 16) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Multiple Launch Rocket Systems (Upto 16) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Multiple Launch Rocket Systems (More than 16) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Multiple Launch Rocket Systems (More than 16) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia Pacific: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia Pacific: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2023-2028
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


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