DUBLIN, October 23, 2017 /PRNewswire/ --
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.
Increasing spending on artillery modernization programs is expected to drive the multiple launch rocket system market (MLRS)
The increase in spending on artillery upgrade programs i.e., increasing procurement and upgrade of MLRS systems is expected to drive the multiple launch rocket systems market for both MLRS and military systems manufacturers. The increasing prominence of MLRS in military's artillery is expected to drive the MLRS systems market mainly in Europe and Asia Pacific regions.
The wheeled segment is estimated to dominate the MLRS market during the forecast period in North America
The wheeled segment in North America is expected to have the largest market share owing to the replacement of current fleet of M270 MLRS systems by high mobility, lightweight HIMARS systems. This could be attributed to the good cross-country mobility and speed provided by wheeled systems required for shoot & scoot operations.
The multiple launch rocket systems market is expected to witness the highest growth in Europe during the forecast period
The multiple launch rocket system market in Europe is projected to grow at the highest CAGR during the forecast period. North America accounted for the largest share of the multiple launch rocket systems market in 2016, and this trend is expected to continue throughout the forecast period. Increasing artillery modernization programs are expected to drive the MLRS systems market.
Major companies profiled in the multiple launch rocket systems market report are Lockheed Martin (US), Roketsan A.S. (Turkey), Avibras Industria Aeroespacial S.A. (Brazil), Hanwha Corporation (South Korea), NPO Splav (Russia), Norinco (China), and IMI Systems (Israel), among others.
Key Topics Covered:
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
- Avibras Indstria Aeroespacial S .A.
- Bae Systems Plc
- Hanwha Corporation
- IMI Systems
- Larsen & Toubro
- Lockheed Martin Corporation
- Norinco Group
- NPO Splav
- Tata Power Sed
For more information about this report visit https://www.researchandmarkets.com/research/5j7h6p/multiple_launch
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SOURCE Research and Markets