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Add to CartGlobal Multiple Launch Rocket Systems (Mlrs) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Launch Vehicle;
Tracked, and Wheeled.By Caliber;
70-180 mm, and 180-300 mm.By Range;
10-100 km, and 100-300 km.By Pod Capacity;
Up to 16, and 16 to 40.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Multiple Launch Rocket Systems (Mlrs) Market (USD Million), 2021 - 2031
In the year 2024, the Global Multiple Launch Rocket Systems (Mlrs) Market was valued at USD 929.25 million. The size of this market is expected to increase to USD 1,492.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.
Global Multiple Launch Rocket Systems (Mlrs) Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 7.0 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 7.0 % |
| Market Size (2024) | USD 929.25 Million |
| Market Size (2031) | USD 1,492.18 Million |
| Market Concentration | Medium |
| Report Pages | 345 |
Major Players
- Lockheed Martin Corporation
- BAE Systems plc
- Roketsan A.S.
- NORINCO (China North Industries Corporation)
- Hanwha Corporation
- IMI Systems Ltd. (Israel Military Industries)
- LIG Nex1 Co., Ltd.
- Larsen & Toubro Limited
- NPO Splav State Research and Production Association
- Avibras Indústria Aeroespacial S.A.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Multiple Launch Rocket Systems (Mlrs) Market
Fragmented - Highly competitive market without dominant players
MLRS platforms are highly versatile, offering rapid and precise long-range fire support for various military operations, including counter-battery missions, suppression of enemy air defenses, and saturation strikes against enemy positions. As militaries worldwide seek to enhance their artillery capabilities, the demand for modern and effective MLRS systems continues to grow.
Technological advancements play a significant role in shaping the global MLRS market, driving innovations in firepower, mobility, and precision targeting. Modern MLRS platforms are equipped with advanced guidance systems, such as GPS and inertial navigation, enabling accurate and responsive targeting of enemy positions. Additionally, advancements in rocket propulsion technology have increased the range and lethality of MLRS projectiles, allowing for effective engagement of targets at extended distances while minimizing the risk to friendly forces.
Moreover, the increasing emphasis on expeditionary warfare and rapid deployment capabilities drives the demand for highly mobile and adaptable MLRS platforms. Modern MLRS systems are designed to be transportable by air, sea, and land, enabling rapid deployment to theaters of operation and providing commanders with responsive fire support options in dynamic combat environments. Furthermore, the integration of network-centric warfare capabilities allows MLRS platforms to operate as part of integrated joint force operations, leveraging real-time intelligence and situational awareness to maximize operational effectiveness. As military modernization efforts continue and security threats evolve, the global MLRS market is expected to witness sustained growth and innovation in the coming years.
Global Multiple Launch Rocket Systems (Mlrs) Market Recent Developments
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In March 2024, Raytheon Technologies launched a modernized MLRS platform featuring extended-range precision munitions and AI-guided targeting systems to enhance operational capabilities.
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In September 2022, Lockheed Martin upgraded its HIMARS systems with interoperability enhancements for joint NATO operations, emphasizing rapid deployment and precision targeting.
Segment Analysis
This report extensively covers different segments of Global Multiple Launch Rocket Systems (Mlrs) Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
The Global Multiple Launch Rocket Systems (MLRS) Market segmentation by launch vehicle, caliber, range, pod capacity, and geography allows for a comprehensive understanding of the diverse offerings within this sector. Launch vehicle segmentation categorizes MLRS based on the platform used for firing rockets, which can include wheeled or tracked vehicles, helicopters, or naval vessels. Caliber segmentation refers to the diameter of the rockets fired by MLRS, offering options ranging from small-caliber rockets for precision strikes to larger-caliber rockets for area saturation. Range segmentation classifies MLRS based on the distance their rockets can travel, providing options suitable for short-range tactical missions or long-range strategic engagements.
Pod capacity segmentation denotes the number of rockets a single MLRS pod can carry and launch, with variations in capacity allowing for customization based on mission requirements. Geography segmentation provides insights into regional trends and market dynamics, recognizing differences in demand, procurement strategies, and operational environments across different parts of the world. This comprehensive segmentation approach enables stakeholders to identify market opportunities, tailor product offerings, and develop targeted marketing strategies to address specific customer needs and preferences.
By understanding the unique characteristics and requirements of each segment, market players can effectively position themselves to capitalize on emerging trends, address customer demands, and navigate challenges within the Global MLRS Market. Furthermore, segmentation facilitates market analysis, allowing for deeper insights into competitive landscapes, pricing dynamics, and regulatory considerations within each segment. Overall, segmentation enhances decision-making processes and enables stakeholders to optimize their strategies for success in the dynamic and competitive MLRS market.
Global Multiple Launch Rocket Systems (Mlrs) Segment Analysis
In this report, the Global Multiple Launch Rocket Systems (Mlrs) Market has been segmented by Launch Vehicle, Caliber, Range, Pod Capacity and Geography.
Global Multiple Launch Rocket Systems (Mlrs) Market, Segmentation by Launch Vehicle
The Global Multiple Launch Rocket Systems (Mlrs) Market has been segmented by Launch Vehicle into Tracked and Wheeled.
The Global Multiple Launch Rocket Systems (MLRS) Market has been segmented by Launch Vehicle into Tracked and Wheeled variants, offering distinct advantages and operational capabilities tailored to specific mission requirements. Tracked MLRS platforms are characterized by their enhanced mobility and terrain maneuverability, making them well-suited for operations in rugged or uneven terrain conditions. These platforms utilize tracked chassis, which provide superior traction and stability, enabling MLRS units to traverse challenging landscapes with ease while maintaining firing accuracy and responsiveness.
On the other hand, Wheeled MLRS platforms offer increased strategic and tactical flexibility, particularly in expeditionary operations and rapid deployment scenarios. Wheeled MLRS systems utilize wheeled chassis, which offer higher speeds and greater on-road mobility compared to tracked counterparts. This allows for faster deployment and repositioning of MLRS units, making wheeled platforms ideal for operations requiring rapid maneuverability and response, such as quick reaction force deployments or forward operating base support missions.
The segmentation of the MLRS market into Tracked and Wheeled launch vehicles reflects the diverse operational requirements and mission profiles of modern military forces. While Tracked MLRS platforms excel in off-road mobility and rugged terrain operations, Wheeled MLRS systems offer enhanced speed and agility for rapid deployment and maneuverability in dynamic combat environments. Both variants play a crucial role in providing responsive and effective long-range fire support capabilities to ground forces, contributing to the overall combat readiness and operational effectiveness of military units worldwide.
Global Multiple Launch Rocket Systems (Mlrs) Market, Segmentation by Caliber
The Global Multiple Launch Rocket Systems (Mlrs) Market has been segmented by Caliber into 70-180 mm and 180-300 mm.
The Global Multiple Launch Rocket Systems (MLRS) Market has undergone segmentation by caliber, distinguishing between 70-180 mm and 180-300 mm systems, each catering to distinct operational requirements and capabilities. MLRS systems in the 70-180 mm caliber range offer versatility and mobility, suitable for a wide range of missions including precision strikes, counter-battery fire, and suppression of enemy air defenses. These systems provide rapid and responsive firepower while maintaining a relatively compact footprint, making them well-suited for expeditionary and maneuver warfare scenarios.
In contrast, MLRS systems in the 180-300 mm caliber range are characterized by their extended range and enhanced lethality, capable of engaging targets at greater distances with larger warheads. These systems are employed for engaging high-value targets, conducting deep strikes, and providing area denial capabilities. Their increased firepower and range make them particularly effective in supporting offensive operations, disrupting enemy formations, and neutralizing fortified positions, enhancing the overall combat capabilities of military forces.
The segmentation of the MLRS market by caliber reflects the diverse operational requirements and mission profiles encountered by modern militaries. By offering a range of options spanning different calibers, MLRS manufacturers cater to the varied needs of defense forces worldwide, providing tailored solutions to address specific threats and operational environments. Additionally, this segmentation enables military planners to select MLRS systems that best align with their strategic objectives, optimizing the effectiveness and efficiency of artillery support in modern warfare scenarios.
Global Multiple Launch Rocket Systems (Mlrs) Market, Segmentation by Range
The Global Multiple Launch Rocket Systems (Mlrs) Market has been segmented by Range into 10-100 km and 100-300 km.
The Global Multiple Launch Rocket Systems (MLRS) Market has been segmented by Range into two categories: 10-100 km and 100-300 km, catering to diverse operational requirements and strategic objectives. MLRS systems with a range of 10-100 km are well-suited for providing close to medium-range fire support, ideal for engaging enemy forces, fortified positions, and tactical targets within relatively short distances. These systems offer rapid response capabilities and can be deployed for a wide range of missions, including counter-battery operations, suppression of enemy air defenses, and battlefield interdiction.
On the other hand, MLRS systems with a range of 100-300 km provide extended reach and enhanced firepower, enabling military forces to engage targets at longer distances with precision and lethality. These systems offer strategic advantages by allowing commanders to strike deep into enemy territory, disrupt enemy logistics and command structures, and project power over vast areas. MLRS systems in this range category are particularly valuable for conducting deep-strike missions, counter-insurgency operations, and anti-access/area denial (A2/AD) strategies in both conventional and asymmetric warfare scenarios.
The segmentation of the Global MLRS Market by range reflects the diverse operational requirements and mission profiles of modern military forces, providing tailored solutions to address specific operational challenges and strategic objectives. Military planners can select MLRS systems based on the range capabilities required for a given mission, balancing factors such as target distance, operational tempo, and available resources. As the nature of warfare continues to evolve and security threats become increasingly complex, the segmentation of the MLRS market by range enables military forces to optimize their fire support capabilities and maintain a competitive edge on the battlefield.
Global Multiple Launch Rocket Systems (Mlrs) Market, Segmentation by Pod Capacity
The Global Multiple Launch Rocket Systems (Mlrs) Market has been segmented by Pod Capacity into Up to 16 and 16 to 40.
The segmentation of the Global Multiple Launch Rocket Systems (MLRS) Market by pod capacity into "Up to 16" and "16 to 40" reflects the diverse requirements and operational preferences of military forces worldwide. MLRS platforms with a pod capacity of up to 16 rockets are typically smaller and more maneuverable, making them suitable for rapid deployment and operations in confined or urban environments. These smaller MLRS systems offer flexibility and agility, allowing military units to quickly respond to emerging threats and provide close fire support to ground forces in dynamic battlefield scenarios.
In contrast, MLRS platforms with a pod capacity of 16 to 40 rockets offer enhanced firepower and extended engagement capabilities, making them well-suited for conducting sustained artillery bombardments and saturation strikes against enemy targets. These larger MLRS systems are often deployed in more conventional warfare scenarios, where the ability to deliver a high volume of munitions over a wide area is critical for achieving battlefield superiority. Additionally, the increased pod capacity allows for greater operational autonomy, reducing the need for frequent resupply missions and enabling sustained fire support missions over longer durations.
Overall, the segmentation of the MLRS market by pod capacity caters to the diverse operational requirements and strategic objectives of military forces, providing options for both precision strikes and area saturation. Whether deployed in small-scale contingencies or large-scale conflicts, MLRS platforms offer commanders a potent and versatile means of delivering firepower with speed, accuracy, and lethality. As military modernization efforts continue and threats evolve, the demand for MLRS systems across different pod capacity categories is expected to remain strong, driving innovation and market growth in the global MLRS industry.
Global Multiple Launch Rocket Systems (Mlrs) Market, Segmentation by Geography
In this report, the Global Multiple Launch Rocket Systems (Mlrs) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Multiple Launch Rocket Systems (Mlrs) Market Share (%), by Geographical Region, 2024
The global Multiple Launch Rocket Systems (MLRS) market exhibits varying shares across different geographical regions, reflecting diverse military modernization initiatives, security threats, and defense budgets. North America, dominated by the United States, holds a significant share in the MLRS market due to its extensive deployment of advanced MLRS platforms and ongoing modernization efforts. The U.S. Army's adoption of systems like the M270 MLRS and the High Mobility Artillery Rocket System (HIMARS) contributes substantially to North America's market share. Additionally, the presence of major defense contractors specializing in MLRS technology further consolidates the region's dominance in the global market.
Europe commands a notable share in the global MLRS market, driven by the modernization efforts of NATO members and other European countries. Nations such as Germany, France, and the United Kingdom maintain robust MLRS capabilities and continue to invest in upgrading their artillery systems to counter emerging security threats. Furthermore, collaborative defense projects within the European Union and NATO contribute to the development and procurement of advanced MLRS platforms, further solidifying Europe's position in the global market.
The Asia-Pacific region is witnessing significant growth in the MLRS market share, fueled by escalating security tensions and increasing defense expenditures among countries in the region. Nations such as China, India, and South Korea are actively investing in expanding their artillery capabilities, including the acquisition of advanced MLRS systems. Additionally, territorial disputes and regional conflicts drive demand for MLRS platforms capable of providing precision firepower and long-range strike capabilities. As a result, the Asia-Pacific region is expected to emerge as a key growth market for MLRS systems in the coming years.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Multiple Launch Rocket Systems (Mlrs) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Military Modernization Initiatives
- Technological Advancements
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Increasing Demand for Precision Firepower-The increasing demand for precision firepower is a significant driver propelling the growth of the global Multiple Launch Rocket Systems (MLRS) market. Military forces worldwide are seeking more accurate and responsive artillery solutions to effectively engage and neutralize enemy targets with minimal collateral damage. MLRS platforms offer a versatile and lethal means of delivering precision-guided munitions over long distances, enabling commanders to strike high-value targets with pinpoint accuracy while reducing the risk to friendly forces and civilian populations.
Advancements in guidance and targeting technologies have enhanced the precision capabilities of MLRS systems, allowing for more accurate engagement of targets even in challenging operational environments. Integration of GPS, inertial navigation systems, and advanced targeting algorithms enables MLRS platforms to deliver munitions with unprecedented accuracy, regardless of weather conditions or terrain obstacles. This precision firepower capability enhances the effectiveness of MLRS in a wide range of missions, including counter-battery operations, suppression of enemy air defenses, and close air support, positioning MLRS as a critical asset for modern military operations.
The increasing complexity of modern warfare scenarios, characterized by urban operations, asymmetric threats, and non-state actors, underscores the importance of precision firepower in achieving mission objectives while minimizing collateral damage. MLRS platforms equipped with precision-guided munitions offer military commanders the flexibility to engage targets with surgical precision, enabling them to neutralize threats effectively in densely populated areas or other sensitive environments. As military forces continue to prioritize precision capabilities in their artillery systems, the global MLRS market is expected to witness sustained growth, driven by the increasing demand for accurate and responsive firepower solutions.
Restraints:
- Budget Constraints
- Regulatory Compliance
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Export Control Restrictions-Export control restrictions significantly impact the global Multiple Launch Rocket Systems (MLRS) market, shaping the trade dynamics and market growth opportunities for manufacturers and suppliers worldwide. MLRS technology is subject to stringent export control regulations due to its potential military applications and the strategic significance of long-range artillery systems in modern warfare. Export control restrictions are imposed by governments to prevent the proliferation of advanced weapons technology to unauthorized entities and mitigate security risks, including the proliferation of weapons of mass destruction (WMD) and support for non-state actors.
These export control restrictions pose challenges for MLRS manufacturers and suppliers seeking to expand their market reach and capitalize on international sales opportunities. Exporting MLRS systems and related technologies often requires obtaining licenses and approvals from regulatory authorities, which can be time-consuming, costly, and subject to political considerations. Additionally, restrictions on the export of certain components, materials, and technologies used in MLRS systems may limit the ability of manufacturers to source key inputs from global supply chains, impacting production timelines and cost competitiveness.
Export control restrictions also serve to protect the intellectual property and proprietary technologies of MLRS manufacturers, safeguarding their competitive advantage in the global market. By controlling the export of sensitive technologies and components, governments help prevent unauthorized replication and reverse engineering of MLRS systems by potential adversaries. Furthermore, export control measures contribute to maintaining stability and security in regions of geopolitical significance, ensuring that MLRS technology is used responsibly and in accordance with international norms and regulations.
Opportunities:
- Growing Threat Landscape
- Integration of Network-Centric Warfare Capabilities
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Market Expansion in Emerging Economies-The market expansion of Multiple Launch Rocket Systems (MLRS) in emerging economies presents a significant opportunity for manufacturers and suppliers in the defense industry. Emerging economies, characterized by increasing defense budgets and modernization efforts, are seeking to enhance their military capabilities to address evolving security threats and geopolitical challenges. MLRS systems offer these nations a cost-effective and versatile solution for long-range fire support, enabling them to bolster their artillery capabilities and strengthen their defense posture.
The growing geopolitical tensions and regional conflicts in several emerging economies drive the demand for MLRS systems as a deterrent against potential adversaries. MLRS platforms provide these nations with the ability to rapidly deploy and deliver a devastating barrage of firepower, deterring aggression and enhancing their strategic deterrence capabilities. Additionally, the versatility of MLRS systems allows emerging economies to effectively address a wide range of operational scenarios, including counterinsurgency operations, border security, and territorial defense.
The expansion of the MLRS market in emerging economies is supported by advancements in technology and manufacturing capabilities, enabling these nations to develop indigenous MLRS systems or enter into partnerships with established defense contractors for licensed production and technology transfer. By investing in domestic defense industries and fostering collaborations with international partners, emerging economies can strengthen their defense industrial base, stimulate economic growth, and reduce reliance on foreign suppliers for critical defense equipment. As a result, the market expansion of MLRS in emerging economies presents mutually beneficial opportunities for both suppliers and recipient nations, contributing to the overall growth and innovation in the global defense industry landscape.
Competitive Landscape Analysis
Key players in Global Multiple Launch Rocket Systems (Mlrs) Market include:
- Lockheed Martin Corporation
- BAE Systems plc
- Roketsan A.S.
- NORINCO (China North Industries Corporation)
- Hanwha Corporation
- IMI Systems Ltd. (Israel Military Industries)
- LIG Nex1 Co., Ltd.
- Larsen & Toubro Limited
- NPO Splav State Research and Production Association
- Avibras Indústria Aeroespacial S.A.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Launch Vehicle
- Market Snapshot, By Caliber
- Market Snapshot, By Range
- Market Snapshot, By Pod Capacity
- Market Snapshot, By Region
- Global Multiple Launch Rocket Systems (Mlrs) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Military Modernization Initiatives
- Technological Advancements
- Increasing Demand for Precision Firepower
- Restraints
- Budget Constraints
- Regulatory Compliance
- Export Control Restrictions
- Opportunities
- Growing Threat Landscape
- Integration of Network-Centric Warfare Capabilities
- Market Expansion in Emerging Economies
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Multiple Launch Rocket Systems (Mlrs) Market, By Launch Vehicle, 2021 - 2031 (USD Million)
- Tracked
- Wheeled
- Global Multiple Launch Rocket Systems (Mlrs) Market, By Caliber, 2021 - 2031 (USD Million)
- 70-180 mm
- 180-300 mm
- Global Multiple Launch Rocket Systems (Mlrs) Market, By Range, 2021 - 2031 (USD Million)
- 10-100 km
- 100-300 km
- Global Multiple Launch Rocket Systems (Mlrs) Market, By Pod Capacity, 2021 - 2031 (USD Million)
- Up to 16
- 16 to 40
- Global Multiple Launch Rocket Systems (Mlrs) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Multiple Launch Rocket Systems (Mlrs) Market, By Launch Vehicle, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Lockheed Martin Corporation
- BAE Systems plc
- Roketsan A.S.
- NORINCO (China North Industries Corporation)
- Hanwha Corporation
- IMI Systems Ltd. (Israel Military Industries)
- LIG Nex1 Co., Ltd.
- Larsen & Toubro Limited
- NPO Splav State Research and Production Association
- Avibras Indústria Aeroespacial S.A.
- Company Profiles
- Analyst Views
- Future Outlook of the Market