Multiple Launch Rocket Systems Market Report 2026

The multiple launch rocket systems market size has grown strongly in recent years. It will grow from $1.08 billion in 2025 to $1.16 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rising demand for rapid-response artillery systems, modernization of aging rocket artillery fleets, technological advancements in rocket accuracy and range, increased defense spending amid regional conflicts, procurement of integrated fire control and support systems.

The multiple launch rocket systems market size is expected to see strong growth in the next few years. It will grow to $1.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to development of next-generation precision-guided rockets, focus on extended-range and multi-caliber launch capabilities, integration with network-centric warfare systems, expansion of production capacities in emerging defense markets, adoption of autonomous and semi-autonomous launcher platforms. Major trends in the forecast period include increasing demand for rapid-fire artillery systems, development of guided rocket systems for precision strike, integration of advanced fire control systems, expansion of wheeled mlrs for tactical mobility, adoption of medium and long range rocket systems.

The rising military expenditure is expected to drive the growth of the multiple launch rocket systems (MLRS) market. Military expenditure refers to the funds a nation allocates for maintaining, modernizing, and equipping its armed forces, including operations and defense programs. Growth in military spending is primarily driven by escalating geopolitical tensions, regional conflicts, and the need to enhance national security and deterrence capabilities. Higher military budgets support the development and deployment of MLRS by financing advanced artillery technologies that improve long-range precision, battlefield effectiveness, and overall operational readiness. For example, in April 2024, the Stockholm International Peace Research Institute (SIPRI), a Sweden-based research institute, reported that global military spending totaled $2.44 trillion in 2023, reflecting a 6.8% real-term increase from 2022. Hence, increasing military expenditure is fueling the adoption of multiple launch rocket systems.

Leading companies in the MLRS market are focusing on innovations such as multi-caliber multiple rocket launchers to enhance accuracy and operational flexibility. A multi-caliber multiple rocket launcher (MMLR) is a surface-to-surface artillery system capable of firing rockets of different calibers from the same launcher vehicle through modular launch pods or tubes. For instance, in October 2025, Hanwha Aerospace, a South Korea-based aerospace company, showcased the LPGW100 loitering munition at the Seoul Defense Exhibition 2025. The LPGW100 is deployed from a six-tube pod on the MMLR and paired with the CGR-80 rocket, a 239 mm GNSS/INS-guided rocket with a 30-80 km range and a high-explosive penetration-fragmentation warhead. The system launches the rocket towards the target, after which the rocket releases the LPGW100 loitering munition. The munition then deploys wings and an electric propeller to loiter over the target area, using a cruciform wing design and an electro-optic/infrared (EO/IR) sensor on a gimbal for precise targeting.

In September 2024, Diehl Defence GmbH & Co. KG, a Germany-based weapons manufacturer, and Israel’s Elbit Systems Land signed a teaming agreement to develop and supply rockets and advanced training munitions for the PULS and EuroPULS launchers. This partnership addresses the rising European demand for rocket artillery and long-range precision strike capabilities. It enables local production, support, and sustainment, complementing the EuroPULS initiative with KNDS Deutschland, and combines Diehl’s decades of MLRS and guided-rocket expertise with Elbit’s rocket artillery technology to deliver precision fire-support solutions for Germany, NATO, and other European customers.

Major companies operating in the multiple launch rocket systems market are The Boeing Company, Lockheed Martin Corporation, China North Industries Group Corporation Limited, General Dynamics Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems plc, Larsen & Toubro Limited, L3Harris Technologies Inc., Leonardo Società per azioni, Thales S.A., Rheinmetall AG, Elbit Systems Ltd., Hanwha Aerospace Co. Ltd., PT Pindad, Saab Aktiebolag, Denel SOC Ltd, Tata Advanced Systems Limited, Firefly Aerospace Inc., Arnold Defense and Electronics LLC, Solar Industries India Limited.

North America was the largest region in the multiple launch rocket systems market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multiple launch rocket systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on imported steel, precision machining components, and electronic fire control systems have increased production costs for multiple launch rocket systems, particularly affecting tracked and long-range segments in Europe, North America, and Asia-Pacific. Short-range and wheeled MLRS segments face moderate impact due to regional sourcing, while tariffs are incentivizing domestic manufacturing, innovation in guided rockets, and reduced dependency on imported critical components, creating long-term growth opportunities.

The multiple launch rocket systems market research report is one of a series of new reports that provides multiple launch rocket systems market statistics, including multiple launch rocket systems industry global market size, regional shares, competitors with a multiple launch rocket systems market share, multiple launch rocket systems market segments, market trends, and opportunities, and any further data you may need to thrive in the multiple launch rocket systems industry. This multiple launch rocket systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Multiple launch rocket systems (MLRS) are sophisticated artillery platforms capable of launching several rockets in quick succession. They are engineered to deliver substantial firepower across expansive areas, making them highly effective in contemporary combat scenarios. MLRS units are typically mounted on either tracked or wheeled vehicles to ensure mobility and are employed in both offensive and defensive roles. These systems are integral to a nation's defense production capabilities, combining advanced engineering and cutting-edge technology.

The primary types of multiple launch rocket systems include wheeled and tracked variants. Wheeled MLRS are artillery systems mounted on wheeled platforms, offering high mobility, rapid deployment, and flexible fire support across varied terrains. MLRS systems are categorized by range into short-range, medium-range, and long-range, with caliber classifications including 70-180 millimeters, 180-300 millimeters, and above 300 millimeters. These platforms serve a range of applications such as national defense, homeland security, and other strategic operations.

The countries covered in the multiple launch rocket systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multiple launch rocket systems market consists of sales of rocket launchers, guided and unguided rockets, fire control systems, and associated support equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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