Multiple Launch Rocket Systems (MLRS) - Global Strategic Business Report

The global market for Multiple Launch Rocket Systems (MLRS) was estimated at US$1.1 Billion in 2024 and is projected to reach US$1.4 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Multiple Launch Rocket Systems (MLRS) market.

Global Multiple Launch Rocket Systems (MLRS) Market - Key Trends & Drivers Summarized

What Are Multiple Launch Rocket Systems (MLRS) and How Do They Function?

Multiple Launch Rocket Systems (MLRS) are advanced artillery systems designed to deliver precision-guided or unguided rockets over long distances, targeting enemy forces, infrastructure, or armored vehicles. These systems are highly mobile and typically mounted on wheeled or tracked vehicles, allowing for rapid deployment in battlefield scenarios. MLRS can launch multiple rockets simultaneously in a concentrated area, creating a highly effective and destructive barrage. Modern MLRS systems are equipped with advanced fire control and targeting systems, allowing them to engage targets with greater accuracy and flexibility than traditional artillery. Their versatility, mobility, and power make MLRS a critical component in modern military operations, particularly in open battlefield environments where quick, devastating strikes are essential.

How Are Technological Advancements Shaping MLRS Development?

Technological innovations are driving significant advancements in MLRS systems, particularly in terms of precision, range, and automation. The integration of GPS and satellite navigation has greatly improved the accuracy of MLRS strikes, enabling forces to hit targets with greater precision, even from longer distances. Advances in rocket propulsion systems have extended the range of MLRS, allowing for strikes deep within enemy territory. Automation and digital fire control systems have also reduced the response time and improved the coordination of attacks, making these systems more effective in high-stress combat situations. Additionally, the development of modular MLRS platforms that can switch between different types of munitions is enhancing their operational flexibility, allowing military units to adapt to changing battlefield conditions quickly.

How Are Shifting Defense Priorities Impacting the MLRS Market?

As global defense strategies shift toward modernizing artillery capabilities, the demand for advanced MLRS systems is rising. Countries are increasingly focusing on enhancing their long-range strike capabilities to deter potential threats and improve rapid-response effectiveness. The ongoing conflicts and geopolitical tensions in regions like Eastern Europe, the Middle East, and Asia are further driving the need for more sophisticated and powerful rocket artillery. Additionally, the shift toward joint military operations, where multiple branches of armed forces must coordinate strikes, is increasing the need for integrated, networked MLRS systems that can communicate with other units and platforms. Furthermore, the emphasis on minimizing collateral damage and reducing civilian casualties is pushing the development of precision-guided munitions for MLRS, which is becoming a key driver in the market.

What Are the Key Growth Drivers in the MLRS Market?

The growth in the multiple launch rocket systems market is driven by several factors, including technological advancements, defense modernization programs, and shifting geopolitical dynamics. The demand for longer-range, precision-guided MLRS systems is increasing as military forces prioritize highly accurate, low-collateral damage strikes. Moreover, the rising global tensions and conflicts, particularly in Eastern Europe and the Asia-Pacific, are prompting nations to bolster their artillery capabilities, leading to more investments in advanced MLRS. Additionally, the focus on modularity and flexibility in military operations is driving the development of systems capable of firing various munitions, including guided rockets and missiles. The integration of advanced targeting and automation technologies is further fueling market growth, as these innovations improve the effectiveness and efficiency of MLRS systems in modern combat environments.

SCOPE OF STUDY:

The report analyzes the Multiple Launch Rocket Systems (MLRS) market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Launch Vehicle (Wheeled, Tracked); Caliber Range (70 - 180 mm, 180 - 300 mm); Firing Range (10 - 100 km, 100 - 300 km)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Wheeled segment, which is expected to reach US$959.0 Million by 2030 with a CAGR of a 5.3%. The Tracked segment is also set to grow at 3.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $292.1 Million in 2024, and China, forecasted to grow at an impressive 4.5% CAGR to reach $221.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Multiple Launch Rocket Systems (MLRS) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Multiple Launch Rocket Systems (MLRS) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Multiple Launch Rocket Systems (MLRS) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Avibras Industria Aeroespacial S/A, BAE Systems PLC, Hanwha Corporation, Imi Systems Ltd., Larsen & Toubro Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 46 companies featured in this Multiple Launch Rocket Systems (MLRS) market report include:

• Avibras Industria Aeroespacial S/A
• BAE Systems PLC
• Hanwha Corporation
• Imi Systems Ltd.
• Larsen & Toubro Ltd.
• Lockheed Martin Corporation
• Norinco Group
• Roketsan A.S.
• The Tata Power Company Limited (Strategic Engineering Division)

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.