At 6+% CAGR Multiple Launch Rocket Systems (MLRS) Market Size To Hit $797.4 Million by 2022 Led by Europe MLRS Industry
The multiple launch rocket systems market size is expected to grow from $590.5 million in 2017 to $797.4 million by 2022 at a CAGR of 6.19% driven by increasing spending on artillery improvement and acquisition of new systems by countries such as Poland and Finland, while Europe is estimated to witness the highest CAGR during the forecast period owing to the artillery modernization programs such as HOMAR in Poland.
PUNE, India, Sept. 24, 2017
PUNE, India, Sept. 24, 2017 /PRNewswire-iReach/ -- The multiple launch rocket systems market is expected to witness the highest growth in Europe during the forecast period. North America accounted for the largest share of the multiple launch rocket systems market in 2016, and this trend is expected to continue throughout the forecast period. Increasing artillery modernization programs are expected to drive the MLRS systems market.
Browse 122 Market Data Tables and 24 Figures spread through 127 Pages and in-depth TOC on "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" http://www.reportsnreports.com/reports/1190765-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-fore-st-to-2022.html .
Major companies profiled in the multiple launch rocket systems market report are Lockheed Martin (US), Roketsan A.S. (Turkey), Avibras Industria Aeroespacial S.A. (Brazil), Hanwha Corporation (South Korea), NPO Splav (Russia), Norinco (China), and IMI Systems (Israel), among others.
The increasing prominence of MLRS in military's artillery is expected to drive the MLRS systems market mainly in Europe and Asia Pacific regions. This research report has focused on various levels of analyses - industry analysis (industry & technology trends), market-share analysis of top players, and company profiles. These together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the multiple launch rocket systems market, high-growth regions and countries, and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
The wheeled segment is estimated to dominate the MLRS market during the forecast period in North America. The wheeled segment in North America is expected to have the largest market share owing to the replacement of current fleet of M270 MLRS systems by high mobility, lightweight HIMARS systems. This could be attributed to the good cross-country mobility and speed provided by wheeled systems required for shoot & scoot operations.
The multiple launch rocket systems market has been segmented by launch vehicle, caliber, range, pod capacity, and region. By launch vehicle, the market has been segmented into tracked and wheeled. By caliber, the multiple launch rocket systems market has been segmented into 70-180 mm and 180-300mm caliber system. By range, the multiple launch rocket systems market has been segmented into 10 -100 km and 100-300 km. By pod capacity, the MLRS has been segmented into up to 16 and 16 to 40. Make an Inquiry on "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" research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1190765 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (50%), and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level Executives (30%), Director Level (20%), and Others (50%) from various key organizations operating in the multiple launch rocket systems market. The primary interviews were conducted worldwide covering regions such as North America (39%), Europe (31%), APAC (17%) and RoW (13%).
Research Coverage: The report provides insights into comprehensive information on the multiple launch rocket systems market and products offered by the top 12 players. Detailed insights on upcoming technologies, research and development activities, and new product launches in the multiple launch rocket systems market. In-depth assessment of market shares, strategies, products, and manufacturing capabilities and vendor analysis of the leading players.
Another research titled Rocket and Missile Market Global Forecast to 2022 says, the rocket and missile market is projected to grow from $55.53 billion in 2017 to $70.00 billion by 2022, at a CAGR of 4.74% from 2016 to 2022. Ballistic missile type segment projected to grow at the highest CAGR during the forecast period. Asia-Pacific market to grow at the highest CAGR during the forecast period. In February 2017, China showcased its DF-16 missile, which is a medium-range ballistic missile with an operational range of 1,000 km. Countries such as the U.S., India, and Japan face an increasing threat from China due to its growing capability in missiles and rockets. Companies such as Lockheed Martin Corporation (U.S.), MBDA, Inc. (U.K.), Rafael Advanced Defense Systems (Israel), Thales Group (France), Saab AB (Sweden), Raytheon Company (U.S.), Kongsberg Gruppen (Norway) have been profiled in this 182 pages research report available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1018984 .
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