HOME Research Insight New Product Developments and Mergers & Acquisitions were the key Strategies Adopted by Industry Players to Grow in the Multiple Launch Rocket Systems Market.



New Product Developments and Mergers & Acquisitions were the key Strategies Adopted by Industry Players to Grow in the Multiple Launch Rocket Systems Market.


The multiple launch rocket systems (MLRS) market is estimated 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. The multiple launch rocket systems market is a diversified and competitive market with a large number of players. Factors such as increasing spending on artillery modernization programs and acquisition of new MLRS are expected to drive the multiple launch rocket systems market.

New product developments and mergers & acquisitions were the key strategies adopted by industry players to grow in the multiple launch rocket systems market. Companies dealing in multiple rocket launchers rely on long term contracts with defense forces. Their core competency is their extensive geographical presence.

Lockheed Martin (US), Roketsan A. S. (Turkey) and NPO Splav (Russia) are the leading players in the multiple launch rocket systems market.

Lockheed Martin specializes in development, manufacture, and integration of advanced technology systems and related products and services for MLRS. The company offers MLRS through its Missiles and Fire Control (MFC) segment. The integration of Army Tactical Missile System (ATacMS) with MLRS systems has made Lockheed Martin the leading supplier of MLRS system with missile launching capabilities. Lockheed Martin Corporation received a contract in 2017 from the US Army for the supply of production of 12 Guided Multiple Launch Rocket System (GMLRS) rockets.

Roketsan has very good product offerings. The company engages in design and manufacture of products which are used in different defense and land-based artillery platforms. The company offers various types of MLRS and rockets & missiles for the Turkish Army and other worldwide customers. The key strategy implemented by the company is to provide comprehensive products and services along with collaborations with international clients and contracts. Roketsan, in collaboration with the UAE, manufactured a 240 tube MLRS system, making it the world’s largest capacity MLRS system. In 2016, Roketsan announced the completion of T-300 MLRS system order to Azerbaijan. The MLRS portfolio of Roketsan includes T-122 MBRL, T-300 MBRL, T-107/122 Multi Caliber &, and T-122/300 Multi Caliber & Multi Barrel Rocket Launching (MBRL). 

Related Reports:

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

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