Future Outlook: Key Trends Shaping the Multiple Launch Rocket Systems Market Up to 2030

The multiple launch rocket systems market is on the verge of notable expansion in the coming years, driven by technological advancements and evolving defense needs. This sector is expected to witness significant developments that will shape the future of artillery and precision strike capabilities globally.

Projected Growth Trajectory of the Multiple Launch Rocket Systems Market
The multiple launch rocket systems market is anticipated to reach a valuation of $1.55 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5%. This upward trend is fueled by innovations such as next-generation precision-guided rockets, enhanced extended-range and multi-caliber launch platforms, and seamless integration with network-centric warfare systems. Additionally, rising production capacities in emerging defense markets and the growing adoption of autonomous and semi-autonomous launcher platforms contribute to this growth. Key market trends include heightened demand for rapid-fire artillery, development of guided rocket systems for precision attacks, incorporation of advanced fire control technologies, expansion of wheeled launchers for improved tactical mobility, and increasing use of medium to long-range rocket systems.

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Primary Companies Leading the Multiple Launch Rocket Systems Market
Several prominent corporations dominate the multiple launch rocket systems landscape. These include The Boeing Company, Lockheed Martin Corporation, China North Industries Group Corporation Limited, General Dynamics Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems plc, Larsen & Toubro Limited, L3Harris Technologies Inc., Leonardo Società per azioni, Thales S.A., Rheinmetall AG, Elbit Systems Ltd., Hanwha Aerospace Co. Ltd., PT Pindad, Saab Aktiebolag, Denel SOC Ltd, Tata Advanced Systems Limited, Firefly Aerospace Inc., Arnold Defense and Electronics LLC, and Solar Industries India Limited.
In a recent development in September 2024, Germany's Diehl Defence GmbH & Co. KG collaborated with Elbit Systems Land through a teaming agreement to jointly develop and supply rockets and advanced training munitions for the PULS and EuroPULS launchers. This partnership aims to meet the growing European demand for rocket artillery and deep-strike capabilities. The alliance will support local development, production, and ongoing maintenance in Europe while complementing the EuroPULS initiative with KNDS Deutschland. Combining Diehl's four decades of expertise in MLRS and guided rockets with Elbit's proficiency in rocket artillery, the collaboration seeks to deliver long-range, precision fire-support solutions to Germany, NATO, and other European clients. Elbit Systems, based in Israel, specializes in advanced land-based defense technologies.

Noteworthy Trends Emerging in the Multiple Launch Rocket Systems Market
Leading players in the multiple launch rocket systems market are pioneering advanced solutions such as multi-caliber multiple rocket launchers designed to improve targeting precision and operational effectiveness. A multi-caliber multiple rocket launcher (MMLR) allows the firing of rockets of various calibers from the same launcher platform by swapping modular launch pods or tubes according to mission requirements.
For example, at the Seoul Defense Exhibition 2025, South Korea's Hanwha Aerospace unveiled the LPGW100 loitering munition, launched from a six-tube pod on an MMLR system. It pairs with the CGR-80 rocket, a 239 mm caliber GNSS/INS guided projectile with an 80 km maximum range, equipped with a high-explosive penetration fragmentation warhead. The rocket is launched conventionally toward the target, guided accurately by its navigation system. At a predetermined moment, its front section opens to release the LPGW100 loitering munition, which deploys wings and activates a propeller to loiter above the target zone. Featuring a cruciform wing design and powered by an electric motor with a four-blade propeller, the munition carries an electro-optic/infrared (EO/IR) sensor mounted on a gimbal beneath an aerodynamic protective cap during launch, enabling precise target observation and engagement.

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Segment Breakdown Powering Growth in the Multiple Launch Rocket Systems Market
This market report identifies several key segments driving expansion within the multiple launch rocket systems field. These include:
1) Type: Wheeled and Tracked launchers
2) Range: Short Range, Medium Range, Long Range
3) Caliber: 70-180 millimeters, 180-300 millimeters, Above 300 millimeters
4) Application: National Defense, Homeland Security, and Other Applications

Further subcategories within these segments are:
- Wheeled launchers encompassing 4x4, 6x6, and 8x8 multiple launch rocket systems (MLRS)
- Tracked launchers split into light, medium, and heavy tracked multiple launch rocket systems (MLRS)

These classifications provide a comprehensive understanding of the market's structure and areas with the greatest potential for development.

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