Product Code: ETC13340986 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Multiple Launch Rocket Systems Market was valued at USD 6 Billion in 2024 and is expected to reach USD 8.7 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The global multiple launch rocket systems market is witnessing steady growth driven by increasing demand for long-range precision strike capabilities, particularly in military applications. Key factors influencing market growth include ongoing modernization programs by various defense forces, rising cross-border tensions, and the need for rapid and effective firepower. Technological advancements such as improved accuracy, range, and mobility are also contributing to market expansion. The market is characterized by key players such as Lockheed Martin, Roketsan, and Norinco, who are focusing on developing next-generation MLRS with enhanced capabilities. Geopolitical conflicts and the increasing focus on enhancing defense capabilities are expected to further drive market growth in the coming years. Additionally, the integration of advanced technologies like GPS guidance systems and automated reloading mechanisms is anticipated to bolster market prospects.
The Global Multiple Launch Rocket Systems (MLRS) market is experiencing growth driven by increasing defense spending in emerging economies, modernization of military arsenals, and the demand for precision strike capabilities. Key trends include the development of advanced MLRS with extended range and accuracy, integration of smart technologies for improved targeting, and the incorporation of autonomous capabilities for rapid response. Additionally, the rise of asymmetric warfare and the need for quick, effective response to threats are driving the adoption of MLRS by military forces worldwide. Opportunities in the market lie in collaborations between defense contractors for technology sharing, expansion into emerging markets, and the development of cost-effective solutions to meet the evolving demands of modern warfare. Overall, the Global MLRS market is poised for continued growth and innovation in the coming years.
The Global Multiple Launch Rocket Systems (MLRS) market faces several challenges, including budget constraints in defense spending by various countries, which can limit the procurement of new systems. Additionally, the market is highly competitive, with several key players vying for contracts, leading to pricing pressures and the need for continuous innovation to stay ahead. Technological advancements and evolving threats also pose challenges, as MLRS systems need to adapt to changing battlefield environments and requirements. Moreover, export restrictions and regulations in some countries can hinder the international growth of the market. Overall, navigating these challenges requires companies in the MLRS market to focus on cost-effective solutions, innovation, and strategic partnerships to remain competitive and address the evolving needs of defense forces globally.
The Global Multiple Launch Rocket Systems Market is primarily driven by the increasing demand for precision strike capabilities in modern warfare scenarios. These systems offer quick and effective firepower, enhancing military capabilities to respond to threats swiftly. Additionally, the ongoing trend of modernization and upgrading of military equipment by various countries to enhance their defense capabilities is fueling the market growth. Moreover, the rising focus on improving border security and counter-terrorism measures is also contributing to the demand for multiple launch rocket systems. Technological advancements such as the development of guided rocket systems and increasing investments in research and development activities are further propelling the market forward. Overall, the need for advanced artillery systems with enhanced range, accuracy, and flexibility is a key driving force in the Global Multiple Launch Rocket Systems Market.
Government policies related to the Global Multiple Launch Rocket Systems Market primarily focus on export controls, licensing requirements, and restrictions due to the potential dual-use nature of these systems. Many countries have stringent regulations in place to prevent proliferation and unauthorized use of these advanced military technologies. Export controls are enforced to ensure that these systems do not fall into the wrong hands and are only transferred to authorized entities with proper end-use certifications. Additionally, governments may also impose restrictions on the sale and transfer of multiple launch rocket systems to countries under arms embargoes or those involved in conflicts. Compliance with these policies is crucial for manufacturers and suppliers operating in the global market to navigate the complex regulatory landscape and avoid legal ramifications.
The Global Multiple Launch Rocket Systems (MLRS) Market is expected to witness steady growth in the coming years due to increasing demand for advanced artillery systems for modern warfare. Factors driving market growth include the need for enhanced precision strike capabilities, improved range and firepower, and the development of technologically advanced MLRS platforms. Additionally, rising defense budgets in major countries, ongoing military modernization programs, and the growing focus on combatting emerging threats are projected to fuel market expansion. However, challenges such as budget constraints, regulatory restrictions, and geopolitical tensions may impact market dynamics. Overall, the Global MLRS Market is anticipated to experience moderate growth, driven by technological advancements and evolving defense requirements worldwide.
The Global Multiple Launch Rocket Systems Market is witnessing significant growth across different regions. In Asia, countries like China and India are investing in the development of advanced MLRS systems to enhance their military capabilities. North America, particularly the United States, remains a key market player with ongoing modernization programs for MLRS platforms. In Europe, countries such as Russia and Germany are focusing on upgrading their existing MLRS systems to stay competitive. The Middle East and Africa region is experiencing a rise in demand for MLRS systems due to ongoing conflicts and security threats. Latin America is also showing a growing interest in procuring MLRS systems to address security challenges. Overall, the global MLRS market is expected to see continued growth, driven by increasing defense spending and the need for advanced artillery systems.
Global Multiple Launch Rocket Systems Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Multiple Launch Rocket Systems Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Multiple Launch Rocket Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Global Multiple Launch Rocket Systems Market - Industry Life Cycle |
3.4 Global Multiple Launch Rocket Systems Market - Porter's Five Forces |
3.5 Global Multiple Launch Rocket Systems Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Multiple Launch Rocket Systems Market Revenues & Volume Share, By Rocket Type, 2021 & 2031F |
3.7 Global Multiple Launch Rocket Systems Market Revenues & Volume Share, By Range, 2021 & 2031F |
3.8 Global Multiple Launch Rocket Systems Market Revenues & Volume Share, By Payload, 2021 & 2031F |
3.9 Global Multiple Launch Rocket Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global Multiple Launch Rocket Systems Market Revenues & Volume Share, By Mobility, 2021 & 2031F |
4 Global Multiple Launch Rocket Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Multiple Launch Rocket Systems Market Trends |
6 Global Multiple Launch Rocket Systems Market, 2021 - 2031 |
6.1 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Guided Rockets, 2021 - 2031 |
6.1.3 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Unguided Rockets, 2021 - 2031 |
6.1.4 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Cluster Rockets, 2021 - 2031 |
6.1.5 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Thermobaric Rockets, 2021 - 2031 |
6.1.6 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Smoke Rockets, 2021 - 2031 |
6.2 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Short-Range, 2021 - 2031 |
6.2.3 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Medium-Range, 2021 - 2031 |
6.2.4 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Long-Range, 2021 - 2031 |
6.2.5 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Extended Range, 2021 - 2031 |
6.2.6 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Precision Range, 2021 - 2031 |
6.3 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By High-Explosive, 2021 - 2031 |
6.3.3 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Incendiary, 2021 - 2031 |
6.3.4 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Cluster Munitions, 2021 - 2031 |
6.3.5 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Smoke, 2021 - 2031 |
6.3.6 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Illumination, 2021 - 2031 |
6.4 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Ground Combat, 2021 - 2031 |
6.4.3 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Area Denial, 2021 - 2031 |
6.4.4 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Suppression of Enemy, 2021 - 2031 |
6.4.5 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Counter-Battery Fire, 2021 - 2031 |
6.4.6 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Fire Support, 2021 - 2031 |
6.5 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Self-Propelled, 2021 - 2031 |
6.5.3 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Tracked Vehicle, 2021 - 2031 |
6.5.4 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Wheeled Vehicle, 2021 - 2031 |
6.5.5 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Fixed Launcher, 2021 - 2031 |
6.5.6 Global Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobile Platform, 2021 - 2031 |
7 North America Multiple Launch Rocket Systems Market, Overview & Analysis |
7.1 North America Multiple Launch Rocket Systems Market Revenues & Volume, 2021 - 2031 |
7.2 North America Multiple Launch Rocket Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
7.4 North America Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
7.5 North America Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
7.6 North America Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
7.7 North America Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
8 Latin America (LATAM) Multiple Launch Rocket Systems Market, Overview & Analysis |
8.1 Latin America (LATAM) Multiple Launch Rocket Systems Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Multiple Launch Rocket Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
8.4 Latin America (LATAM) Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
8.5 Latin America (LATAM) Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
8.6 Latin America (LATAM) Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
8.7 Latin America (LATAM) Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
9 Asia Multiple Launch Rocket Systems Market, Overview & Analysis |
9.1 Asia Multiple Launch Rocket Systems Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Multiple Launch Rocket Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
9.4 Asia Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
9.5 Asia Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
9.6 Asia Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
9.7 Asia Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
10 Africa Multiple Launch Rocket Systems Market, Overview & Analysis |
10.1 Africa Multiple Launch Rocket Systems Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Multiple Launch Rocket Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
10.4 Africa Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
10.5 Africa Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
10.6 Africa Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
10.7 Africa Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
11 Europe Multiple Launch Rocket Systems Market, Overview & Analysis |
11.1 Europe Multiple Launch Rocket Systems Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Multiple Launch Rocket Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
11.4 Europe Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
11.5 Europe Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
11.6 Europe Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
11.7 Europe Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
12 Middle East Multiple Launch Rocket Systems Market, Overview & Analysis |
12.1 Middle East Multiple Launch Rocket Systems Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Multiple Launch Rocket Systems Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Multiple Launch Rocket Systems Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Multiple Launch Rocket Systems Market, Revenues & Volume, By Rocket Type, 2021 - 2031 |
12.4 Middle East Multiple Launch Rocket Systems Market, Revenues & Volume, By Range, 2021 - 2031 |
12.5 Middle East Multiple Launch Rocket Systems Market, Revenues & Volume, By Payload, 2021 - 2031 |
12.6 Middle East Multiple Launch Rocket Systems Market, Revenues & Volume, By Application, 2021 - 2031 |
12.7 Middle East Multiple Launch Rocket Systems Market, Revenues & Volume, By Mobility, 2021 - 2031 |
13 Global Multiple Launch Rocket Systems Market Key Performance Indicators |
14 Global Multiple Launch Rocket Systems Market - Export/Import By Countries Assessment |
15 Global Multiple Launch Rocket Systems Market - Opportunity Assessment |
15.1 Global Multiple Launch Rocket Systems Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Multiple Launch Rocket Systems Market Opportunity Assessment, By Rocket Type, 2021 & 2031F |
15.3 Global Multiple Launch Rocket Systems Market Opportunity Assessment, By Range, 2021 & 2031F |
15.4 Global Multiple Launch Rocket Systems Market Opportunity Assessment, By Payload, 2021 & 2031F |
15.5 Global Multiple Launch Rocket Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
15.6 Global Multiple Launch Rocket Systems Market Opportunity Assessment, By Mobility, 2021 & 2031F |
16 Global Multiple Launch Rocket Systems Market - Competitive Landscape |
16.1 Global Multiple Launch Rocket Systems Market Revenue Share, By Companies, 2024 |
16.2 Global Multiple Launch Rocket Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |