The report forecasts the global multiple launch rocket systems (MLRS) market to grow at a CAGR of 3.16% during the period 2016-2020.
Development of Multitube Modular Rocket Launcher will be a key trend for market growth. Changes in modern warfare tactics demand the development of rocket systems that exhibit the capability of launching different kind of missiles with respect to caliber and range. Initiatives to achieve high functional and tactical mobility have led to the development of modular self-propelled multitube rocket launch system. These systems are designed to carry out quick precession attacks against personnel targets, battlements, and light-armored vehicles. These systems can also be used for autonomous strike missions.
According to the report, growing warfare in urban areas will be a key driver for market growth. Owing to changing warfare strategies, troops are being increasingly deployed in urban areas. It has been observed that a number of extremist groups are establishing their bases in urban localities to take advantage of the modern infrastructure such as power grid, communication systems, rail, and road and port connectivity. Therefore, many prime urban areas such as Syria and Iraq have become the center of conflicts between adversaries. To control militant activities in such centers, defense authorities of various countries are deploying rocket launchers to assist targeted demolition.
Further, the report states that despite the advantages that MLRS provides in a battlefield, there are a few challenges that the market encounters. It has been observed that upgradation of massive and traditional MLRS is declining, which is affecting the market. These large traditional MLRS remain highly susceptible to counter-battery fire, as they tend to be easily detected by enemy forces. Their indiscriminate nature of mass firing unguided rockets also compromises with their stealth characteristics.
- Denel Land Systems
- Lockheed Martin
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/gfx83l/global_multiple
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SOURCE Research and Markets