Global Multi Launch Rocket Systems Market 2022-2032

$3,500.00

A versatile automatic weapon known as the MLRS (Multiple-launch rocket system) is used to launch guided or unguided rockets and missiles. A fire control computer that is installed on a stretched chassis makes up the launcher. A massive firepower volume is delivered by MLRS at the tactical battlefield to attack at long range with heavy payloads at all depths.

Description

MLRS (Multiple-launch rocket system) is an automatic weapon that is versatile and used to fire guided or unguided rockets and missiles. The launcher is comprised of a fire control computer and it is mounted on a stretched chassis. MLRS at the tactical battlefield delivers a large firepower volume to strike at long-range with high payloads at all depths. Currently, lightweight and high mobility modern wheeled systems have the speed compared to tracked systems, and are gaining more attraction in the military and defense sector worldwide. MLRS is considered as machinery that can hold the capacity to fire multiple rockets with precision simultaneously. An increase in the demand for a weapon system that can do destruction at maximum capacity has resulted in the growth of multiple launch rocket systems. The MLRS family of munitions can be fired within 1 minute by a three-man crew. There is a growth in the MLRS market due to territorial disputes and artillery modernization programs in the forthcoming period.

Major factors driving the growth of the market

Growth in artillery modernization programs, increase in the defense budget, growth in territorial disputes, and acquisition of new multiple rocket launch systems are the factors that are considered to grow the market of multiple-launch rocket systems. Another thing which paves way for the growth of multi launch rocket systems is technological advancement in MLRS such as the development of a guided multiple-launch rocket systems this provides the opportunity for the growth of the market. There are still many countries with border dispute such as Russia-Ukraine, India-China, and India-Pakistan. Such conflicts will force the countries to buy more weapons. Thus, with the increase of arm inventories, the demand for rockets will also increase, which will drive the market growth of the Multi Launch Rocket System market.

Trends influencing the growth of the market

For example, the United States announced that it is sending missile systems, which are advanced to Ukraine. The new weapon is called Himars multiple launch rocket systems. It is a mobile unit that can launch multiple precision-guided missiles simultaneously. Both Russia and Ukraine already had MLRS, which is in operation, but this Himars is considered to be having super precision and range. President Joe Biden said that Himar would attack the target more precisely on the battlefield. The M142 Himars system (High Mobility Artillery Rocket System) is a lighter, modernized, and more agile wheeled, which is developed in the 1970s for the US. The range of Himars is 50 miles, which is 80 km. Himars carry one pod loaded with an ATACMS and one preloaded pod of 227 mm guided missiles. In Himars, the spent pod is removed and a fresh one is loaded within minutes with a help of a small crew.

Market Dynamics

In Multiple Launch Rocket systems, barrels are made with extra strength using alloys of rare metals. Multiple rockets are fired with the presence of a strong barrel, which can sustain the shock with minimum recoil velocity. Between successive firings, the time interval is very less which has resulted in the demand for Multiple Launch Rocket Systems. Presently, there are a lot of changes in warfare techniques and there is an increase in guerrilla warfare, which resulted in the demand for weapons that can cover a large area. A Multiple launch rocket system has the capacity to launch multiple rockets at a rapid pace with precision. It counters the disadvantage of the conventional system that is a lock, load, and fire used for firing rockets. The demand for a multiple launch rocket system is increased because of their precision firing toward the maximum kill zone. In deciding strategies and tactics in war, geographical conditions play a crucial role. Due to the presence of tough weather conditions and the struggle for the large vehicles to move longer area has resulted in the rise of the vehicle, which has long-range precision. The main restraint of this vehicle is that high maintenance cost is needed for keeping barrels ready for firing. Thus, its drawback of multiple launch rocket system.

Developments

Lockheed Martin was awarded a contract from the U.S army to build 11,000 guided multiple launch rocket systems. The contract is worth $1.1 billion. Lockheed Martin was awarded a contract from U.S Army to continue the modernization of the U.S Army multiple launch rocket system. The contract is worth $ 214 million.

 

Table of Contents

Market Definition

 

Market Segmentation

 

– By Region

– By Type

– By Range

10 Year Market Outlook

 

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

 

Market Technologies

 

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

 

Global Market Forecast

 

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

 

Regional Market Trends & Forecast

 

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

 

North America

 

– Drivers, Restraints and Challenges

– PEST

– Market Forecast & Scenario Analysis

– Key Companies

– Supplier Tier Landscape

– Company Benchmarking

 

Europe

Middle East

APAC

South America

 

Country Analysis

 

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

 

US

– Defense Programs

– Latest News

– Patents

– Current levels of technology maturation in this market

– Market Forecast & Scenario Analysis

 

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

 

Opportunity Matrix

 

The opportunity matrix helps the readers understand the high opportunity segments in this market.

 

Expert Opinions

 

Hear from our experts their opinion of the possible outlook for this market.

 

Conclusions

 

About Aviation and Defense Market Reports

Countries Covered

US

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Regions Covered

North America

South America

Europe

Middle East

Asia

Segments Covered

By Region

By Type

By Range