[127 Pages Report] 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.
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.
Major players in the multiple launch rocket systems market are Lockheed Martin (US), Roketsan A.S. (Turkey), and NPO Splav (Russia). The manufacturers mostly adopted new product launches as their key growth strategy. Lockheed Martin (US) is the leading company in the multiple launch rocket systems market.
The objective of this study is to analyze the small satellite services market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the small satellite services market, and map the segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and RoW. On the basis of platform, the small satellite services market has been segmented into CubeSat, Nanosatellite, Microsatellite, and Minisatellite. On the basis of vertical, the small satellite services market has been segmented into government & military, non-profit organizations, and commercial. Based on application, the small satellite services market has been segmented into communication, remote sensing, science & technology and education, and others.
The ecosystem of the small satellite services market comprises small satellite service providers, small satellite manufacturers, subsystem manufacturers, technology support providers, ministry of defense, and scientific research centers, among others. Globalstar, Inc. (US), EchoStar Corporation (US), KVH Industries, Inc. (US), Inmarsat plc (UK), Singapore Telecommunications Limited (Singapore), and Eutelsat Communications S.A. (France), among others, are the major players in the small satellite services market. They offer advanced services and related solutions.
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630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
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