The Multi-Barrel Rocket Launcher Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Multi-Barrel Rocket Launcher Market?
The market size for the multi-barrel rocket launcher has recently experienced significant growth. It expanded from $1.43 billion in 2024 to $1.51 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Multi-Barrel Rocket Launcher Industry?
The Multi-Barrel Rocket Launcher market is predicted to grow to a value of $1.84 billion in the year 2029, with a compound annual growth rate (CAGR) of 5.1%.
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What are the Key Growth Drivers Fueling the Multi-Barrel Rocket Launcher Market?
The key drivers in the multi-barrel rocket launcher market are:
• Rising military budgets in emerging economies
• Focus on mobility and modular artillery systems
• Increasing cross-domain warfare and joint operations
• Higher demand for precision-guided rocket systems
Global Market Segmentation: Identifying Major Multi-Barrel Rocket Launcher Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Multi-Barrel Rocket Launcher Market?
The key trends in the multi-barrel rocket launcher market are:
• The shift towards precision-guided munitions is predicted to shape the future of the Multi-Barrel Rocket Launcher market.
• Future trends include the integration of rocket launchers with unmanned and network-centric systems.
• There is expected to be more focus on rapid mobility, deployment, and modular, multi-caliber launch platforms.
• Indigenous development and self-reliance is seen as a growing trend affecting the market.
Who Are the Top Competitors & Leading Players in the Multi-Barrel Rocket Launcher Market?
Major players 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
• Luch Design Bureau
Regional Dominance: Which Area Leads the Global Multi-Barrel Rocket Launcher Market?
Asia-Pacific was the largest region in the multi-barrel rocket launcher market in 2024
