Multi-Barrel Rocket Launcher Market Size Forecast: $1.83 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Multi-Barrel Rocket Launcher Market by 2025?
The market for multi-barrel rocket launchers has seen consistent expansion in the past few years. The projections suggest it will increase from a worth of $1.43 billion in 2024 to $1.5 billion in 2025, yielding a compound annual growth rate (CAGR) of 4.8%. This development during the historic period can be traced back to heightened geopolitical stress and regional disputes, escalating need for immediate artillery backing, surge in military modernization initiatives, expansion of local defense manufacturing prowess, and rise in the deployment of MBRLs in unbalanced warfare scenarios.

What Is the Estimated Market Growth Value for the Multi-Barrel Rocket Launcher Industry in 2029?
The market for multi-barrel rocket launchers is anticipated to witness robust growth in the coming years, reaching a value of $1.83 billion by 2029, with a whopping CAGR of 5.0%. This surge during the predictive phase is largely driven by the escalating military budgets in budding economies, an enhanced emphasis on the mobility and the systems of modular artillery, an upsurge in the joint operations and cross-domain warfare, a rising demand for rocket systems with precision-guidance, and a surge in geopolitical instability and arms competition. The forecast period is characterized by shifting focus towards precision-guided munitions, alignment with unmanned and network-centric systems, priority on quick mobility and deployment, adoption of multi-caliber launch platforms and modular systems, and stress on self-reliance and indigenous development.

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What Are the Growth Drivers and Opportunities in the Multi-Barrel Rocket Launcher Market?
Growth in the multi-barrel rocket launcher market is forecasted to accelerate due to escalating cross-border tensions. Cross-border tensions, referring to disagreements or conflicts between adjacent countries or regions, usually stemming from political, territorial, or economic disparities, are on the rise. This increase is largely attributed to territorial disputes, where contestations over land or maritime boundaries usually heighten tensions between neighbouring nations, resulting in diplomatic deadlocks, military face-offs, or economic penalties. In areas with cross-border conflicts, multi-barrel rocket launchers (MBRLs) play a crucial role in boosting military prowess by offering rapid and overwhelming firepower. This serves as a warning, demonstrating military might and readiness. For example, the Internal Displacement Monitoring Centre (IDMC), a non-governmental group located in Switzerland, reported in May 2024 that there has been a 49% increase in the number of internally displaced individuals as a result of conflict and violence, rising by 22.6 million, with 2022 and 2023 witnessing the highest escalations. As a result, the escalating cross-border tensions are fueling the growth of the multi-barrel rocket launcher market.

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What Are the Primary Segments Covered in the Global Multi-Barrel Rocket Launcher Market Report?
The multi-barrel rocket launcher market covered in this report is segmented -

1) By Type: Fixed, Locomotive
2) By Ranges: Short-Range MBRL, Medium-Range MBRL, Long-Range MBRL
3) By Launch System Types: Towed Multi-Barrel Rocket Launcher, Self-Propelled Multi-Barrel Rocket Launcher, Vehicle-Mounted Rocket Launcher, Other Launch System Types
4) By Applications: Military And Defense, Homeland Security, Other Applications

Subsegments:
1) By Fixed: Ground-Based Fixed, Naval-Based Fixed
2) By Locomotive: Wheeled Vehicle-Based, Tracked Vehicle-Based, Airborne Platform-Based

What Are the Top Growth Trends in the Multi-Barrel Rocket Launcher Market?
Top companies in the multi-barrel rocket launcher market are putting their efforts into the creation of innovative systems such as precision-guided rocket systems, with the goal of increasing accuracy and minimizing collateral damage. These precision-guided rocket systems are high-tech weaponry with targeting technologies that improve the efficacy of multi-barrel rocket launchers by enhancing hit accuracy, reducing the usage of rockets, and facilitating the precise engagement of targets. For instance, in February 2025, the Defence Research and Development Organisation (DRDO), a government agency in India, partnered with Tata Advanced Systems Limited, an space company in India, to introduce the Pinaka precision-guide multi-barrel rocket launcher system to France. This system underscores superior targeting capabilities designed to boost strike accuracy while lowering collateral damage. This move is in line with India's overarching ambition of becoming a major defense technology exporter and reinforcing its defense strategic relations with crucial global allies. The integration of precision-guided weapons into the Pinaka system marks substantial advancement in multi-barrel rocket technology, fostering more precise and effective military operations while reducing risks to civilians and infrastructure.

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Which Companies Are Shaping the Future of the Multi-Barrel Rocket Launcher Market?
Major companies operating in the multi-barrel rocket launcher market are The Boeing Company, Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman, BAE Systems, Larsen & Toubro (L&T), Thales Group, Tata Power SED, Rheinmetall AG, Elbit Systems Ltd., Hanwha Defense Co. Ltd., Diehl Defense GmbH & Co. KG, Roketsan Roket Sanayii ve Ticaret A.S., PT Pindad, Avibras Industria Aeroespacial S.A., Huta Stalowa Wola, UVision Air Ltd., Arnold Defense & Electronics, ZALA Aero Group, and Luch Design Bureau.

Which Region Holds the Largest Market Share in the Multi-Barrel Rocket Launcher Industry?
Asia-Pacific was the largest region in the multi-barrel rocket launcher market in 2024. The regions covered in the multi-barrel rocket launcher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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