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Multiple Launch Rocket Systems (MLRS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global multiple launch rocket systems (MLRS) market size reached US$ 637.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 954.1 Million by 2027, exhibiting a growth rate (CAGR) of 7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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 2022-2027. 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Launch Vehicle, Caliber Type, Range, Pod Capacity, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Multiple Launch Rocket Systems Market: Breakup by Launch Vehicle (in %), 2021
Figure 4: Global: Multiple Launch Rocket Systems Market: Breakup by Caliber Type (in %), 2021
Figure 5: Global: Multiple Launch Rocket Systems Market: Breakup by Range (in %), 2021
Figure 6: Global: Multiple Launch Rocket Systems Market: Breakup by Pod Capacity (in %), 2021
Figure 7: Global: Multiple Launch Rocket Systems Market: Breakup by Region (in %), 2021
Figure 8: Global: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Multiple Launch Rocket Systems (Tracked) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Multiple Launch Rocket Systems (Tracked) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Multiple Launch Rocket Systems (Wheeled) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Multiple Launch Rocket Systems (Wheeled) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Multiple Launch Rocket Systems (70-180 mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Multiple Launch Rocket Systems (70-180 mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Multiple Launch Rocket Systems (180-300 mm) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Multiple Launch Rocket Systems (180-300 mm) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Multiple Launch Rocket Systems (10-100 km) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Multiple Launch Rocket Systems (10-100 km) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Multiple Launch Rocket Systems (100-300 km) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Multiple Launch Rocket Systems (100-300 km) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Multiple Launch Rocket Systems (Upto 16) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Multiple Launch Rocket Systems (Upto 16) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Multiple Launch Rocket Systems (More than 16) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Multiple Launch Rocket Systems (More than 16) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia Pacific: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia Pacific: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Multiple Launch Rocket Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Multiple Launch Rocket Systems Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Launch Vehicle (in Million US$), 2022-2027
Table 3: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Caliber Type (in Million US$), 2022-2027
Table 4: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Range (in Million US$), 2022-2027
Table 5: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Pod Capacity (in Million US$), 2022-2027
Table 6: Global: Multiple Launch Rocket Systems Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Multiple Launch Rocket Systems Market: Competitive Structure
Table 8: Global: Multiple Launch Rocket Systems Market: Key Players


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Key Questions Answered in This Report

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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