Multi Barrel Rocket Launcher Market
Multi-barrel Rocket Launcher Market Forecasts to 2030 - Global Analysis by Launch System Type (Towed Multi-barrel Rocket Launcher, Self-propelled Multi-barrel Rocket Launcher, Vehicle-mounted Rocket Launcher and Other Launch System Types), Range, Platform, Mobility, Propulsion, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $2.53 BN |
|
Projected Year Value (2030) |
US $3.61 BN |
|
CAGR (2024 - 2030) |
6.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Multi-barrel Rocket Launcher Market is accounted for $2.53 billion in 2024 and is expected to reach $3.61 billion by 2030 growing at a CAGR of 6.1% during the forecast period. A multi-barrel rocket launcher is a type of artillery system that has several barrels that are intended to fire quickly in succession, boosting firepower and coverage. These devices, which are mounted to vehicles for mobility, are used for saturation bombing, which quickly spreads a large amount of explosives over a large region. They are perfect for both offensive and defensive operations in modern warfare because of their versatility, especially when it comes to longer-range targeting of huge formations or fortifications.
Market Dynamics:
Driver:
Rising geopolitical tensions
Geopolitical concerns, especially the continuing conflict between Russia and Ukraine, are driving a boom in the market for multi-barrel rocket launchers. The purchase of rocket launchers is on rise as a result of nations making significant investments in updating their military facilities. Additionally, cross-border tensions in Asia are increasing military readiness, which is driving market expansion. In this unstable climate, several countries are starting to prioritize the need for effective long-range attack capabilities.
Restraint:
High development costs
The complicated technology and upkeep needs of the multi-barrel rocket launcher business increasing the costs. Higher maintenance costs result from the need for experienced workers to operate and maintain these systems. These expenses are further increased by routine calibration and testing for accuracy and dependability. Additionally, the complex components raise the initial cost of purchase, which limits their accessibility for certain defense budgets and may restrict market expansion and armed force adoption.
Opportunity:
Demand for mobility and rapid response
Multi-barrel rocket launchers, which are frequently installed on wheeled or tracked vehicles, give armed troops the capacity to move quickly over a variety of terrains, deploy quickly, and conduct potent strikes in a matter of minutes. By enabling forces to react swiftly to threats or change positions to evade counterattacks, this mobility improves tactical flexibility. These systems are eagerly sought after by defense forces around the world because they are essential for preserving an advantage in dynamic and rapidly changing battlefields.
Threat:
Logistical and operational challenges
The difficulty of transporting these intricate systems, particularly when aiming at difficult-to-reach sites, makes them less desirable than other artillery weapons and complicates deployment. Operational burdens are further increased by the requirement for routine testing and calibration to maintain accuracy. Maintenance requires skilled workers, which raises operating expenses and downtime. Because armed forces must weigh the advantages of multi-barrel rocket launchers against logistical limitations and resource allocation issues, these problems taken together can limit the market's potential for expansion and prevent successful utilization.
Covid-19 Impact
The COVID-19 pandemic has had a notable impact on the multi-barrel rocket launcher market, disrupting supply chains and hindering production capabilities. Research and development efforts were halted by lockdowns and prohibitions on public gatherings, which caused delays in new orders and projects. A lot of governments also cut back on military acquisition as they allocated their defense budgets to immediate economic recovery initiatives. The need for these devices to function was significantly reduced during the epidemic when military drills and exercises were cancelled. However, the market may see new growth after the pandemic as countries start to recover and revaluate their defense requirements.
The towed multi-barrel rocket launcher segment is expected to be the largest during the forecast period
The towed multi-barrel rocket launcher segment is estimated to be the largest, due to their mobility and versatility allow for rapid deployment in various terrains, making them suitable for diverse military operations. Furthermore, improvements in targeting and guidance systems increase their efficacy and accuracy, which appeals to contemporary military tactics that emphasize precision strikes. Additionally, their expanding market acceptance is largely due to the growing emphasis on logistical efficiency and the capacity to support ground forces in dynamic combat circumstances.
The homeland security segment is expected to have the highest CAGR during the forecast period
The homeland security segment is anticipated to witness the highest CAGR during the forecast period, due to the need for improved defense capabilities and growing worries about domestic threats. To maintain national security, governments are giving top priority to investments in innovative military hardware, especially in light of escalating geopolitical tensions and possible terrorist attacks. Multi-barrel rocket launchers are appealing for homeland defense operations due to their adaptability and quick deployment times. Furthermore, the emphasis on reducing collateral damage is in line with developments in precision targeting technology, which encourages their use in national security frameworks.
Region with largest share:
Asia Pacific is expected to have the largest market share during the forecast period due to rising geopolitical tensions, rising defense spending, and military modernization initiatives in major nations like China, India, and South Korea. The demand for sophisticated artillery systems is being driven by ongoing territorial disputes and the requirement for quick reaction times. Additionally, as countries place a higher priority on independence and improving their defense capabilities to preserve strategic advantages, the region's expanding defense manufacturing industry and domestic production of military technologies are driving market expansion.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period, because of the U.S. military's modernization efforts and large defense budget. The need for sophisticated rocket systems is fuelled by the emphasis on improving artillery capabilities for quick reaction and efficient strike options in a range of combat scenarios. Multi-barrel rocket launchers are crucial parts of North America's defense strategy because of geopolitical problems and changing combat tactics including asymmetric warfare and counterinsurgency, which increase the requirement for adaptable and potent artillery weapons.
Key players in the market
Some of the key players profiled in the Multi-barrel Rocket Launcher Market include Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems, General Dynamics Corporation, Rheinmetall AG, Krauss-Maffei Wegmann (KMW), Hanwha Defense, Elbit Systems, Israel Aerospace Industries, Rostec (Russian Technologies State Corporation), Nexter Systems, Tata Advanced Systems Ltd. (TASL), Larsen & Toubro (L&T) Defense, Denel SOC Ltd, China North Industries Corporation (Norinco), Thales Group, Avibras Indústria Aeroespacial S/A, MKEK (Mechanical and Chemical Industry Corporation), IMI Systems and Roketsan A.S.
Key Developments:
In May 2023, The U.S. Army awarded Lockheed Martin Corporation more than USD 800 million contracts for HIMARS and M270 launchers. The agreements on the high mobility artillery rocket system “HIMARS” and the M270 Multiple Launch Rocket System (MLRS) launch vehicle.
In April 2023, The US Army awarded Lockheed Martin Corporation a USD 615 million full production contract to produce additional HIMARS launch vehicles and related equipment. This purchase will expand the U.S. Army's launch vehicle fleet and fulfill orders from international partners, delivering additional precision-fire capabilities to our customers.
In June 2022, Tata Advanced Systems Limited (TASL) and Larsen and Toubro (L&T) jointly handed over the 100th Akash Air Force Launcher (AAFL) to the Indian Air Force, developed jointly with the Indian Air Force Research and Defence Research and Development Organisation (DRDO). The occasion was marked by BHVS Narayana Murthy, DRDO's Director of General Missile Systems and Strategy (DG-MSS) at TASL's Vemagal facility in Karnataka.
Launch System Types Covered:
• Towed Multi-barrel Rocket Launcher
• Self-propelled Multi-barrel Rocket Launcher
• Vehicle-mounted Rocket Launcher
• Other Launch System Types
Ranges Covered:
• Short-range MBRL (up to 20 km)
• Medium-range MBRL (20-40 km)
• Long-range MBRL (above 40 km)
Platforms Covered:
• Land-based MBRL
• Naval-based MBRL
• Airborne MBRL
• Other Platforms
Mobility Covered:
• Stationary MBRL
• Mobile MBRL
• Other Mobilities
Propulsions Covered:
• Solid Fuel Rocket Propulsion
• Hybrid Propulsion
• Other Propulsions
Applications Covered:
• Military & Defense
• Homeland Security
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Multi-barrel Rocket Launcher Market, By Launch System Type
5.1 Introduction
5.2 Towed Multi-barrel Rocket Launcher
5.3 Self-propelled Multi-barrel Rocket Launcher
5.4 Vehicle-mounted Rocket Launcher
5.5 Other Launch System Types
6 Global Multi-barrel Rocket Launcher Market, By Range
6.1 Introduction
6.2 Short-range MBRL (up to 20 km)
6.3 Medium-range MBRL (20-40 km)
6.4 Long-range MBRL (above 40 km)
7 Global Multi-barrel Rocket Launcher Market, By Platform
7.1 Introduction
7.2 Land-based MBRL
7.3 Naval-based MBRL
7.4 Airborne MBRL
7.5 Other Platforms
8 Global Multi-barrel Rocket Launcher Market, By Mobility
8.1 Introduction
8.2 Stationary MBRL
8.3 Mobile MBRL
8.4 Other Mobilities
9 Global Multi-barrel Rocket Launcher Market, By Propulsion
9.1 Introduction
9.2 Solid Fuel Rocket Propulsion
9.3 Hybrid Propulsion
9.4 Other Propulsions
10 Global Multi-barrel Rocket Launcher Market, By Application
10.1 Introduction
10.2 Military & Defense
10.2.1 Artillery support
10.2.2 Counter-battery fire
10.2.3 Area saturation
10.3 Homeland Security
10.4 Other Applications
11 Global Multi-barrel Rocket Launcher Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Lockheed Martin Corporation
13.2 Northrop Grumman Corporation
13.3 BAE Systems
13.4 General Dynamics Corporation
13.5 Rheinmetall AG
13.6 Krauss-Maffei Wegmann (KMW)
13.7 Hanwha Defense
13.8 Elbit Systems
13.9 Israel Aerospace Industries
13.10 Rostec (Russian Technologies State Corporation)
13.11 Nexter Systems
13.12 Tata Advanced Systems Ltd. (TASL)
13.13 Larsen & Toubro (L&T) Defense
13.14 Denel SOC Ltd
13.15 China North Industries Corporation (Norinco)
13.16 Thales Group
13.17 Avibras Indústria Aeroespacial S/A
13.18 MKEK (Mechanical and Chemical Industry Corporation)
13.19 IMI Systems
13.20 Roketsan A.S.
List of Tables
1 Global Multi-barrel Rocket Launcher Market Outlook, By Region (2022-2030) ($MN)
2 Global Multi-barrel Rocket Launcher Market Outlook, By Launch System Type (2022-2030) ($MN)
3 Global Multi-barrel Rocket Launcher Market Outlook, By Towed Multi-barrel Rocket Launcher (2022-2030) ($MN)
4 Global Multi-barrel Rocket Launcher Market Outlook, By Self-propelled Multi-barrel Rocket Launcher (2022-2030) ($MN)
5 Global Multi-barrel Rocket Launcher Market Outlook, By Vehicle-mounted Rocket Launcher (2022-2030) ($MN)
6 Global Multi-barrel Rocket Launcher Market Outlook, By Other Launch System Types (2022-2030) ($MN)
7 Global Multi-barrel Rocket Launcher Market Outlook, By Range (2022-2030) ($MN)
8 Global Multi-barrel Rocket Launcher Market Outlook, By Short-range MBRL (up to 20 km) (2022-2030) ($MN)
9 Global Multi-barrel Rocket Launcher Market Outlook, By Medium-range MBRL (20-40 km) (2022-2030) ($MN)
10 Global Multi-barrel Rocket Launcher Market Outlook, By Long-range MBRL (above 40 km) (2022-2030) ($MN)
11 Global Multi-barrel Rocket Launcher Market Outlook, By Platform (2022-2030) ($MN)
12 Global Multi-barrel Rocket Launcher Market Outlook, By Land-based MBRL (2022-2030) ($MN)
13 Global Multi-barrel Rocket Launcher Market Outlook, By Naval-based MBRL (2022-2030) ($MN)
14 Global Multi-barrel Rocket Launcher Market Outlook, By Airborne MBRL (2022-2030) ($MN)
15 Global Multi-barrel Rocket Launcher Market Outlook, By Other Platforms (2022-2030) ($MN)
16 Global Multi-barrel Rocket Launcher Market Outlook, By Mobility (2022-2030) ($MN)
17 Global Multi-barrel Rocket Launcher Market Outlook, By Stationary MBRL (2022-2030) ($MN)
18 Global Multi-barrel Rocket Launcher Market Outlook, By Mobile MBRL (2022-2030) ($MN)
19 Global Multi-barrel Rocket Launcher Market Outlook, By Other Mobilities (2022-2030) ($MN)
20 Global Multi-barrel Rocket Launcher Market Outlook, By Propulsion (2022-2030) ($MN)
21 Global Multi-barrel Rocket Launcher Market Outlook, By Solid Fuel Rocket Propulsion (2022-2030) ($MN)
22 Global Multi-barrel Rocket Launcher Market Outlook, By Hybrid Propulsion (2022-2030) ($MN)
23 Global Multi-barrel Rocket Launcher Market Outlook, By Other Propulsions (2022-2030) ($MN)
24 Global Multi-barrel Rocket Launcher Market Outlook, By Application (2022-2030) ($MN)
25 Global Multi-barrel Rocket Launcher Market Outlook, By Military & Defense (2022-2030) ($MN)
26 Global Multi-barrel Rocket Launcher Market Outlook, By Artillery support (2022-2030) ($MN)
27 Global Multi-barrel Rocket Launcher Market Outlook, By Counter-battery fire (2022-2030) ($MN)
28 Global Multi-barrel Rocket Launcher Market Outlook, By Area saturation (2022-2030) ($MN)
29 Global Multi-barrel Rocket Launcher Market Outlook, By Homeland Security (2022-2030) ($MN)
30 Global Multi-barrel Rocket Launcher Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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