HOME Press Releases Multiple Launch Rocket Systems (MLRS) Market worth 797.4 Million USD by 2022



Multiple Launch Rocket Systems (MLRS) Market worth 797.4 Million USD by 2022


According to the new market research report "Multiple Launch Rocket Systems (MLRS) Market by Launch Vehicle (Tracked, Wheeled), Caliber Range (70-180mm, 180-300mm), Firing Range (10-100km, 100-300km), Pod Capacity (Up to 16, 16 to 40), and Region - Global Forecast to 2022", The multiple launch rocket systems market is projected to grow from an estimated USD 590.5 Million in 2017 to USD 797.4 Million by 2022, at a CAGR of 6.19% during the forecast period. Increasing spending on artillery improvement and acquisition of new systems by countries such as Poland and Finland are expected to drive the multiple launch rocket systems market during the forecast period.

Browse 122 Market Data Tables and 24 Figures spread through 127 Pages and in-depth TOC on "Multiple Launch Rocket Systems (MLRS) Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/multiple-launch-rocket-system-market-189829734.html
Early buyers will receive 10% customization on reports.

Based on launch vehicle, the wheeled multiple launch rocket system segment is estimated lead the market during the forecast period.

Wheeled systems have greater mobility and speed as compared to tracked systems. The new wheeled systems are light in weight and can be carried by C-130 Hercules. These features are expected to drive the market of wheeled systems during the forecast period.

Based on firing range, the 100-300 km segment is projected to grow at the highest CAGR during the forecast period.

New systems such as High Mobile Artillery System (HIMARS) can launch missiles up to 300 km. The new systems have bigger caliber and can fire both rockets and missiles. The growing trend of lightweight, highly mobile long range MLRS systems is expected to drive the 100-300 km range MLRS systems market.

The Europe multiple launch rocket systems market is estimated to grow at the highest CAGR during the forecast period.

Europe is estimated to witness the highest CAGR during the forecast period, owing to the artillery modernization programs such as HOMAR in Poland. The acquisition of new systems by countries such as Croatia and Finland are expected to drive the market of multiple launch rocket system in Europe.

Lockheed Martin Corporation (US), NPO Splav (Russia), Norinco Group(China), Avibras Indústria Aeroespacial S.A. (Brazil), Tata SED (India), L&T (India), IMI (Israel), Roketsan (Turkey), Hanwha Corporation (South Korea), and BAE Systems PLC (UK) are some of the companies in the multiple launch rocket systems market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports