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The global Multiple Launch Rocket Systems (MLRS) market was valued at US$ 637.8 Million in 2021.
We expect the global Multiple Launch Rocket Systems (MLRS) market to exhibit a CAGR of 7% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for multiple launch rocket systems.
The rising cross-border tensions between numerous countries, along with the introduction of guided MLRS that relies on the GPS and inertial guidance packages to enhance positioning accuracy and fire from dispersed positions at a single target, are primarily driving the global multiple launch rocket systems market.
Based on the launch vehicle, the global Multiple Launch Rocket Systems (MLRS) market has been divided into tracked and wheeled, where wheeled exhibits a clear dominance in the market.
Based on the caliber type, the global Multiple Launch Rocket Systems (MLRS) market can be categorized into 70-180 mm and 180-300 mm. Currently, 70-180 mm accounts for the majority of the total market share.
Based on the range, the global Multiple Launch Rocket Systems (MLRS) market has been segregated into 10-100 km and 100-300 km, where 100-300 km holds the largest market share.
Based on the pod capacity, the global Multiple Launch Rocket Systems (MLRS) market can be bifurcated into upto 16 and more than 16. Currently, upto 16 exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Multiple Launch Rocket Systems (MLRS) market include 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).
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