Multiple Launch Rocket Systems (MLRS) Market to offer a healthy CAGR of 8.2% during 2020-25
February 07, 2020
Multiple Launch Rocket Systems (MLRS) Market Overview:
Multiple Launch Rocket Systems (MLRS) Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as rise in expenditure on artillery modernization agenda and acquisition of new MLRS systems are expected to drive the global MLRS market.
Report Overview:
This new report from Stratview Research analyses the Multiple Launch Rocket Systems (MLRS) Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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https://www.stratviewresearch.com/Request-Sample/807/multiple-launch-rocket-systems-market.html
Multiple Launch Rocket Systems (MLRS) Market Segment Insights:
Tracked Segment: The growth engine
Based on the launch vehicle type, the market is segmented as tracked and wheeled. The tracked segment is estimated to register a higher growth during the forecast period. Factors such as military artillery upgrade agenda and new system acquisitions are expected to boost the market.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/807/multiple-launch-rocket-systems-market.html
Dominance of: 180-300 mm segment and 100-300 km range
Based on the caliber type, the market is segmented as 70-180 mm and 180-300 mm. The 180-300 mm segment is projected to depict a higher growth during the forecast period. The growth of this segment is owing to an increase in the number of long-range multiple launch rocket systems globally and the replacement of traditional systems with MLRS systems with guided ammunition.
Based on the range type, the market is segmented as 10-100 Km and 100-300 Km. The 100-300 km range segment is expected to lead the market during the forecast period, driven by the rise in procurement and indigenous development of long-range rocket launchers across the globe.
A highly/moderately/fragment consolidated Market
Some of the major players in the multiple launch rocket systems market are Avibras Indústria Aeroespacial S.A., BAE Systems PLC, Hanwha Corporation, IMI Systems, Lockheed Martin Corporation, Norinco Group, NPO Splav, Roketsan, and Tata Power SED.
Regional Hegemony of North America
In terms of regions, North America, particularly the US, held the largest share of the multiple launch rocket systems market in 2018, followed by Europe and Asia-Pacific. The dominance of the US is predominantly owing to the mounting artillery modernization agendas and everchanging focus to high mobility, lightweight artillery systems. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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