Multiple Launch Rocket Systems (MLRS) Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Multiple Launch Rocket Systems (MLRS) market is expected to grow from $565.84 million in 2017 to reach $1149.32 million by 2026 with a CAGR of 8.2%.

Gaithersburg, Maryland, US - March 7, 2018 /MarketersMedia/ —

Factors such as increase in artillery modernization programs and growing territorial disputes are fueling the market growth. However, rocket inaccuracy is hampering the market.

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A multiple rocket launcher (MRL) or multiple launch rocket system (MLRS) is a type of rocket artillery system which launches multiple rocks during war. Faster reloading and simpler logistics are the main advantages of multiple launch rocket system. MLRS can fire existing types of rockets without any modifications or special preparation.

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On the basis of firing range, 100-300 is projected to grow at a significant rate. Because of their bigger calibre the new systems has the capable of launching rockets upto 300 km. Increasing in demand for lightweight, highly mobile long range MLRS systems is expected to drive the 100-300 km range MLRS systems. Based on region, Europe commanded the largest market share during the forecast period due to the artillery modernization programs such as HOMAR in Poland.

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Some of the key players in Multiple Launch Rocket Systems (MLRS) include Larsen & Toubro, NPO Splav, IMI Systems, Tata Power Sed, Avibras Indústria Aeroespacial S .A., Lockheed Martin Corporation, Hanwha Corporation, Roketsan, BAE Systems PLC and Norinco Group.

Firing Ranges Covered:
• 10-100 km
• 100-300 km

Pod Capacities Covered:
• Up to 16
• 16 to 40

Caliber Ranges Covered:
• 70-180mm
• 180-300mm

Launch Vehicle Covered:
• Tracked
• Wheeled

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Email: [email protected]
Organization: Stratistics Market Research Consulting Pvt Ltd

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