Global Multiple Launch Rocket Systems (MLRS) Industry

Global Multiple Launch Rocket Systems (MLRS) Industry

  • October 2019 •
  • 171 pages •
  • Report ID: 5799195 •
  • Format: PDF
Multiple Launch Rocket Systems (MLRS) market worldwide is projected to grow by US$298.7 Million, driven by a compounded growth of 5.9%. Wheeled, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$606.2 Million by the year 2025, Wheeled will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 6.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$13.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$14 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Wheeled will reach a market size of US$46.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.7% over the next couple of years and add approximately US$51.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, 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)