The Multiple Launch Rocket Systems (MLRS) market is expected to $797.4 Million by 2022, at a CAGR of 6.19%

Multiple Launch Rocket Systems (MLRS) Market 

               Multiple Launch Rocket Systems (MLRS) Market 

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The Multiple Launch Rocket Systems (MLRS) market was USD 532.8 Million in 2016 and is projected to reach USD 797.4 Million by 2022, at a CAGR of 6.19% during the forecast period. Factors such as the increase in spending on artillery modernization programs and acquisition of new MLRS systems are expected to drive the market. This report forecasts the multiple launch rocket systems market and its dynamics over the next five years, recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players, and provide vendor analysis and competitor landscapes. The base year considered is 2016 and the forecast period is from 2017 to 2022.

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The ecosystem of the multiple launch rocket systems market comprises manufacturers, raw material suppliers, distributors, and end users. The key end user of the multiple launch rocket systems market is the artillery segment of militaries across the world. Key manufacturers in the multiple launch rocket systems market are Lockheed Martin (US), Roketsan A.S. (Turkey), IMI Systems (Israel), Avibras Industria Aeroespacial S.A. (Brazil), and NPO Splav (Russia).

“This study answers several questions for stakeholders, primarily, which segments they need to focus upon over the next five years to prioritize their efforts and investments.”

Target Audience

• Original Equipment Manufacturer
• Land Forces
• Technology Providers
• Ammunition Manufacturer

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Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Segmentation
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Overview of the Multiple Launch Rocket Systems Market
    4.2 Multiple Launch Rocket System, By Region
    4.3 Multiple Launch Rocket System, By Range
    4.4 Multiple Launch Rocket Systems Market, By Country

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The multiple launch rocket systems market is projected to reach USD 797.4 Million by 2022, at a CAGR of 6.19% from 2017 to 2022. The growth of the market can be attributed to various technological developments taking place across the globe, including the development of the guided-multiple launch rocket systems by Lockheed Martin (US), among others.

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