Multiple Launch Rocket Systems Market Size, Status and Forecast 2019-2025

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Multiple Launch Rocket Systems

Multiple Launch Rocket Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

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.

MLRS is not only cost-effective compared with other artillery systems but also has features such as high precision and accuracy in striking targets, incurs low collateral damage in urban areas, and requires low maintenance. MLRS has wide implementation by armies of the US, the UK, Greece, Germany, Norway, Denmark, Netherlands, France, Italy, and Turkey. These nations constantly look for innovations and modifications by altering their tactical parameter such as operational range to improve their defense and strike capabilities. The growing need to increase the maximum range of fire, accuracy, and target range with various warheads is driving the demand for modernization in the MLRS market. Governments of countries across the world have initiated several modernization programs to improve these tactical parameters, resulting in positive growth of the market during the forecast period.

This report focuses on the global Multiple Launch Rocket Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Multiple Launch Rocket Systems development in United States, Europe and China.

The key players covered in this study

  • Larsen & Toubro
  • NPO Splav
  • IMI Systems
  • Tata Power Sed
  • Avibras Indstria Aeroespacial S.A.
  • Lockheed Martin
  • Hanwha
  • Roketsan
  • BAE Systems
  • Norinco
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Market segment by Type, the product can be split into

  • Wheeled MLRS
  • Tracked MLRS

Market segment by Application, split into

  • Government
  • Company

Market segment by Regions/Countries, this report covers

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

The study objectives of this report are:

  • To analyze global Multiple Launch Rocket Systems status, future forecast, growth opportunity, key market and key players.
  • To present the Multiple Launch Rocket Systems development in United States, Europe and China.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Multiple Launch Rocket Systems are as follows:

  • History Year: 2014-2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year 2019 to 2025

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