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Global Multiple Launch Rocket Systems Market 2016-2020

  • Published: Oct 2016
  • Pages: 55
  • SKU: IRTNTR10570
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This market research report identifies players like Avibras, Denel Land Systems, Lockheed Martin, and Roketsan to be the key vendors in the global MLRS market. This research report also presents a detailed segmentation of the market by product type (wheeled and tracked MLRS) and by geography (the Americas, APAC, and EMEA).

Overview of the global multiple launch rocket systems (MLRS) market

Technavio’s market research analyst predicts the global multiple launch rocket systems (MLRS) market to grow moderately at a CAGR of more than 3% between 2016 and 2020. With the constantly changing warfare strategies coupled with the rising security threats especially at the borders, most of the countries across the globe are highly focusing on the procurement of MLRS. MLRS is not only cost-effective compared with other artillery systems but also has features such as high precision and accuracy in striking targets, incurs low collateral damage in urban areas, and requires low maintenance. MLRS has wide implementation by armies of the US, the UK, Greece, Germany, Norway, Denmark, Netherlands, France, Italy, and Turkey. These nations constantly look for innovations and modifications by altering their tactical parameter such as operational range to improve their defense and strike capabilities. The growing need to increase the maximum range of fire, accuracy, and target range with various warheads is driving the demand for modernization in the MLRS market. Governments of countries across the world have initiated several modernization programs to improve these tactical parameters, resulting in positive growth of the market during the forecast period.

One of the latest trends that this market is witnessing is the growing focus towards the development of long-range MLRS.  At present, several prime defense contractors are aiming to manufacture long-range MLRS for effective and improved guidance that enables rockets to strike targets up to a distance of 120 miles. For instance, the Indian Army is developing a new long-range MLRS, which is expected to have newly-designed launcher systems and rockets that will offer an operational range beyond 75 miles. Also, the Royal Artillery of the British Army's newest long-range precision land attack rocket is GPS-guided rockets, integrated with latest advanced computer technology.

Competitive landscape and key vendors

The global MLRS market is extremely competitive, where vendors compete on the basis of cost, product quality, reliability, and aftermarket service. To sustain themselves in the intense market scenario, it is crucial for the vendors to offer cost-effective and high-quality interceptors, integrated with the latest technologies. Avibras, Denel Land Systems, Lockheed Martin, and Roketsan are the major vendors in the MLRS market who have a competitive edge over other players in te market in terms of in-house manufacturing capabilities, product offerings, global presence, R&D investments, newer technologies, and strong consumer base. These vendors focus primarily on the implementation of lightweight materials, electric technologies, and robust systems.

Leading vendors in the market are -

  • Avibras
  • Denel Land Systems
  • Lockheed Martin
  • Roketsan

Other prominent vendors in the MLRS market include Diehl Defence, BAE Systems, Splav State Research and Production Association, and Norinco.

Segmentation by product type and analysis of the MLRS market

  • Wheeled MLRS
  • Tracked MLRS

The wheel-based MLRS segment occupies the largest share in the market and will continue its dominance throughout the forecast period, owing to a rapid shift from tracked to wheeled platforms to develop MLRS. Wheel-based MLRS are gaining traction due to their greater mobility and lighter weight, which improves combat capabilities in the battlefield. Moreover, these wheeled systems need less operational and maintenance costs and have an extended service life. Observing these benefits, several countries are making huge investments in developing and purchasing wheeled MLRS, which will positively contribute to the further growth of this segment in the coming years.

Geographical segmentation and analysis of the MLRS market

  • Americas
  • APAC
  • EMEA

In terms of geographical segmentation, EMEA is expected to register the highest growth rate during the forecast period. The growing requirement for MLRS by the Middle Eastern countries such as Saudi Arabia, the UAE, Turkey, and Iran, other nations such as Russia, Ukraine, Kazakhstan, and Yemen, and African countries to improve the military capabilities is driving the growth of the market. The surge in investments and exchange programs small economy countries such as Croatia, Belarus, and Kazakhstan will also boost the growth prospects for this market in the EMEA over the next four years.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global MLRS market?
  • What are the key market trends impacting the growth of the global MLRS market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global MLRS market?
  • What are the market opportunities and threats faced by the vendors in the global MLRS market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global MLRS market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings
  • MLRS: Some major programs

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product type

  • Market segmentation by product type
  • Global wheeled MLRS market
  • Global tracked MLRS market

PART 07: Geographical segmentation

  • Geographical segmentation by market share
  • MLRS market in Americas
  • MLRS market in EMEA
  • MLRS in APAC

PART 08: Market drivers

  • Growing warfare in urban areas
  • Development of MLRS by small economies
  • Development and modernization of rocket systems

PART 09: Impact of drivers

PART 10: Market challenges

  • Lack of research for upgrading large, traditional MLRS platforms
  • Development of Boeing's Small Diameter Bomb (SDB)
  • Withdrawal of troops from Afghanistan

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

  • Competitive landscape

PART 14: Key vendor analysis

  • Avibras
  • Denel Land Systems
  • Lockheed Martin
  • Roketsan
  • Other prominent vendors

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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