Oct 23, 2017   SOURCE: BusinessWire

Multiple Launch Rocket Systems (MLRS) Market 2017 by Launch Vehicle, Caliber Range, Firing Range, Pod Capacity and Region - Global Forecast to 2022 - Research and Markets

The "Multiple Launch Rocket Systems (MLRS) Market by Launch Vehicle (Tracked, Wheeled), Caliber Range (70-180mm, 180-300mm), Firing Range (10-100km, 100-300km), Pod Capacity (Up to 16, 16 to 40), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The multiple launch rocket systems market is projected to reach USD 797.4 Million by 2022, at a CAGR of 6.19% from 2017 to 2022.

The growth of the market can be attributed to various technological developments taking place across the globe, including the development of the guided-multiple launch rocket systems by Lockheed Martin (US), among others.

The multiple launch rocket systems market has been segmented by launch vehicle, caliber, range, pod capacity, and region. Among launch vehicle types, the tracked MLRS segment is projected to grow at the highest CAGR during the forecast period; the caliber segment is projected to lead the multiple launch rocket systems market during the forecast period. Factors such as military artillery upgrade programs and new system acquisitions are expected to drive the market.

North America, particularly the US, accounted for the largest share of the multiple launch rocket systems market in 2016, followed by Europe and Asia Pacific.

The major challenge for MLRS manufacturers is the inaccuracy of the system. At present, accuracy for MLRS is enhanced by modern GPS/INS aided systems, but the desired accuracy is still not achievable.

Major players in the multiple launch rocket systems market are Lockheed Martin (US), Roketsan A.S. (Turkey), and NPO Splav (Russia).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Multiple Launch Rocket Systems Market, By Launch Vehicle, Caliber, Range And Pod Capacity

7 Geographical Analysis

8 Competitive Landscape

9 Company Profiles

10 Appendix

  • Avibras Indstria Aeroespacial S .A.
  • Bae Systems Plc
  • Hanwha Corporation
  • IMI Systems
  • Larsen & Toubro
  • Lockheed Martin Corporation
  • Norinco Group
  • NPO Splav
  • Roketsan
  • Tata Power Sed

For more information about this report visit https://www.researchandmarkets.com/research/bpw987/multiple_launch.