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The latest report by IMARC, titled “ MultipleLaunchRocketSystems(MLRS)Market:GlobalIndustryTrends,Share,Size,Growth,Opport unityandForecast2023-2028
” the global multiple launch rocket systems (MLRS) market size reached US$ 686 Million in 2022.
Multiple-launch rocket system (MLRS) refers to a type of artillery weapon designed for delivering large quantities of indirect fire quickly and accurately. It enables surface-to-surface guided rockets and missiles to be fired from launcher platforms belonging to the M270 family. This launcher is mounted on a stretched chassis and is equipped with a fire control computer, and a vehicle control and rocket launching system are integrated into the computer. As a result of their ability to provide large amounts of fire over a very short period of time, MLRS systems are essential for saturating an area with firepower in a timely manner and overwhelming enemy defenses. The MLRS launcher is highly automated and self-aimed that supports and delivers basic and extended-range rockets (ER-MLRS) as well as Block I missiles from the Army Tactical Missile System (ATACMS).
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The global market is majorly driven by considerable growth in the aerospace and defense industry. This can be attributed to the growing incidences of cross-border conflicts and geopolitical tensions across the globe. In line with this, the rising investments by government bodies of several countries in cutting-edge weaponry, artillery modernization programs, and the acquisition of new systems to enhance their military strength are resulting in a higher product uptake. Moreover, the advent of guided MLRS using global positioning system (GPS) and inertial guidance package to enhance long-range positioning accuracy is also impacting the market positively. Besides this, the shifting preference toward guided munitions over unguided rocket artillery is providing a boost to the MLRS sales on the global level.
The market is further propelled by continual technological advancements, such as the adoption of sophisticated MLRS utilizing radar data and one-way radio datalink for initiating a two-dimensional correction of the rocket flight path. Some of the other factors contributing to the market include rapid industrialization, growing investments for improvements in military infrastructure, innovations in the manufacturing processes and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1,013 Million by 2028, exhibiting a CAGR of 6.8% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyLaunchVehicle:
• Tracked
• Wheeled
BreakupbyCaliberType:
• 70-180 mm
• 180-300 mm
BreakupbyRange:
• 10-100 km
• 100-300 km
BreakupbyPodCapacity:
• Upto 16
• More than 16
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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.
• Tata Advanced Systems Limited (Tata Sons Private Limited)
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