Global Multiple Launch Rocket Systems Market 2016-2020
MLRS is an adaptable precision-approach weapon system that complements traditional cannon artillery fires. The system delivers a large volume of firepower along with shoot-and-scoot capability in a short duration against perilous, time-sensitive targets. These targets include mechanized units, air defense systems, enemy artillery, and personnel.
Technavio’s analysts forecast the global multiple launch rocket systems (MLRS) market to grow at a CAGR of 3.16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global multiple launch rocket systems (MLRS) market for 2016-2020. To calculate the market size, the report considers the revenue generated from, production of, and average price of MLRS.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Multiple Launch Rocket Systems (MLRS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global multiple launch rocket systems (MLRS) market: Avibras, Denel Land Systems, Lockheed Martin, and Roketsan.
Other Prominent Vendors in the market are: Diehl Defence, BAE Systems, Splav State Research and Production Association, and Norinco.
Commenting on the report, an analyst from Technavio’s team said: “Development of Multitube Modular Rocket Launcher will be a key trend for market growth. Changes in modern warfare tactics demand the development of rocket systems that exhibit the capability of launching different kind of missiles with respect to caliber and range. Initiatives to achieve high functional and tactical mobility have led to the development of modular self-propelled multitube rocket launch system. These systems are designed to carry out quick precession attacks against personnel targets, battlements, and light-armored vehicles. These systems can also be used for autonomous strike missions.”
According to the report, growing warfare in urban areas will be a key driver for market growth. Owing to changing warfare strategies, troops are being increasingly deployed in urban areas. It has been observed that a number of extremist groups are establishing their bases in urban localities to take advantage of the modern infrastructure such as power grid, communication systems, rail, and road and port connectivity. Therefore, many prime urban areas such as Syria and Iraq have become the center of conflicts between adversaries. To control militant activities in such centers, defense authorities of various countries are deploying rocket launchers to assist targeted demolition.
Further, the report states that despite the advantages that MLRS provides in a battlefield, there are a few challenges that the market encounters. It has been observed that upgradation of massive and traditional MLRS is declining, which is affecting the market. These large traditional MLRS remain highly susceptible to counter-battery fire, as they tend to be easily detected by enemy forces. Their indiscriminate nature of mass firing unguided rockets also compromises with their stealth characteristics.
Avibras, Denel Land Systems, Lockheed Martin, Roketsan, Diehl Defence, BAE Systems, Splav State Research and Production Association, Norinco.