Dublin, Sept. 29, 2022 (GLOBE NEWSWIRE) — The “Multiple Launch Rocket Systems (MLRS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global Multiple Launch Rocket System (MLRS) market size reached US$637.8 million in 2021. Looking ahead, the publisher expects the market to reach US$954.1 million by 2027, growing at a CAGR of 6.94% in 2021-2027.
A Multiple Launch Rocket System (MLRS) is a general-purpose automatic weapon used to fire guided rockets and missiles. The launcher is mounted on an elongated frame and includes a fire control calculator. The MLRS provides a high volume of firepower 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 ground in defense and military sectors around the world.
Rising cross-border tensions between various countries, in conjunction with increasing financing of advanced weapons by several government agencies, represents one of the major factors supporting the growth of the market. These agencies also spend on artillery modernization programs and the acquisition of new systems.
Apart from this, the growing popularity of guided munitions over unguided rocket artillery positively influences MLRS sales. Additionally, the introduction of Guided MLRS which relies on Global Positioning System (GPS) and Inertial Guidance package to improve positioning accuracy and firing from dispersed positions on a single target further enhances the growth of the market. It also helps reduce logistical load, collateral damage and fratricide risks, while increasing the effective range of the MLRS rocket. Additionally, the development of more sophisticated MLRS that uses radar data and one-way radio data link to initiate two-dimensional rocket flight path correction is expected to drive the market in the coming years.
Key Market Segmentation:
The publisher provides an analysis of key trends in each sub-segment of the global Multiple Launch Rocket Systems (MLRS) market report, as well as forecasts at the global, regional and country levels from 2022 to 2027. Our report has categorized the market based on launcher, caliber type, range and pod capacity.
Breakdown by launcher:
Breakdown by type of caliber:
Breakdown by range:
Breakdown by pod capacity:
Breakdown by region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive Summary
4 Presentation
5 Global Multiple Launch Rocket System (MLRS) Market
6 Market Breakdown by Launch Vehicle
7 Market Breakdown by Caliber Type
8 Market Breakdown by Range
9 Market Breakdown by Pod Capacity
10 Market Breakdown by Region
11 SWOT Analysis
12 Value chain analysis
13 Analysis of the five forces of carriers
14 Price Analysis
15 Competitive landscape
Companies cited
- Avibras Industria Aerospace
- BAE Systems Plc
- Denel Land Systems (Denel SOC Ltd.)
- Diehl Defense GmbH & Co. KG (Diehl Stiftung & Co. KG)
- Hanwha Company
- IMI Systems Ltd. (Elbit Systems Ltd.)
- Larsen & Toubro Limited
- Lockheed Martin Company
- Roketsan Roket Sanayii and Ticaret AS
- Tata Advanced Systems Limited (Tata Sons Private Limited).
For more information on this report, visit https://www.researchandmarkets.com/r/io4kfi
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