Multiple Launch Rocket Systems Market Report 2026

Multiple Launch Rocket Systems Market Overview

• Multiple Launch Rocket Systems market size has reached to $1.08 billion in 2025 • Expected to grow to $1.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.5% • Growth Driver: Increasing Military Expenditure Is Fueling The Market Growth Due To Rising Demand For Advanced Artillery Systems • Market Trend: Multi-Caliber Launcher Integrates LPGW100 Loitering Munition for Precision on the Move • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Multiple Launch Rocket Systems Market?

Multiple launch rocket systems (MLRS) are advanced artillery systems capable of firing multiple rockets in rapid succession. They are designed to deliver a high volume of firepower over a wide area, making them highly effective in modern warfare. MLRS units can be mounted on tracked or wheeled vehicles for mobility and are often used for both offensive and defensive operations. These systems are a key component of a nation's defense manufacturing sector, integrating both engineering and advanced technology. The main types of multiple launch rocket systems are wheeled and tracked. Wheeled MLRS are mobile, wheel-mounted artillery platforms designed for rapid deployment, high mobility, and quick-fire support across diverse terrains. The range of MLRS includes short-range, medium-range, and long-range capabilities, and the calibers range from 70-180 millimeters, 180-300 millimeters, to above 300 millimeters. These systems are used for various applications, including national defense, homeland security, and others.

What Is The Multiple Launch Rocket Systems Market Growth Forecast?

The multiple launch rocket systems market size is expected to see strong growth in the next few years. It will grow to $1.55 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to development of next-generation precision-guided rockets, focus on extended-range and multi-caliber launch capabilities, integration with network-centric warfare systems, expansion of production capacities in emerging defense markets, adoption of autonomous and semi-autonomous launcher platforms. Major trends in the forecast period include increasing demand for rapid-fire artillery systems, development of guided rocket systems for precision strike, integration of advanced fire control systems, expansion of wheeled mlrs for tactical mobility, adoption of medium and long range rocket systems.

What Is Driver Of The Multiple Launch Rocket Systems Market?

The increasing military expenditure is expected to propel the growth of the multiple launch rocket systems market going forward. Military expenditure refers to the amount of financial resources a nation allocates for maintaining and equipping its armed forces, defense operations, and related activities. Increasing military expenditure is primarily driven by rising geopolitical tensions, as nations allocate more resources to defense in response to perceived threats, regional conflicts, and the need to strengthen national security and deterrence capabilities. Military expenditure supports the development and deployment of multiple launch rocket systems by funding advanced artillery technologies that improve long-range precision, battlefield effectiveness, and overall force readiness. For instance, in April 2024, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based research institute, global military spending totaled $2,443 billion in 2023, marking a 6.8% increase in real terms from 2022. Therefore, the increasing military expenditure is driving the growth of the multiple launch rocket systems industry.

Key Players In The Global Multiple Launch Rocket Systems Market

Major companies operating in the multiple launch rocket systems market are 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, Solar Industries India Limited.

Global Multiple Launch Rocket Systems Market Trends and Insights

Major companies operating in the multiple launch rocket systems market are focusing on developing innovative solutions such as multi-caliber multiple rocket launcher to enhance targeting accuracy and operational efficiency. A multi-caliber multiple rocket launcher (MMLR) is a surface-to-surface artillery system designed to fire rockets of different calibres from the same launcher vehicle by swapping or reconfiguring modular launch pods or tubes. For instance, in October 2025, Hanwha Aerospace, a South Korea-based aerospace industrial company showcased the LPGW100 loitering munition at the Seoul Defense Exhibition 2025. The LPGW100 is launched from a six-tube pod on the multi-caliber multiple rocket launcher, paired with the CGR-80 rocket, a 239 mm caliber GNSS/INS guided rocket with a range between 30 and 80 km. The CGR-80 is equipped with a high explosive penetration fragmentation warhead. The system operates by launching the rocket towards the target as usual, with the guidance system ensuring accurate heading. At a specified time, the rocket’s forward part opens, releasing the LPGW100 loitering munition. The munition flies forward, deploying wings and activating its propeller to loiter over the target area. It features a cruciform wing design and is powered by an electric engine driving a four-blade propeller. The munition is equipped with an electro-optic/infrared (EO/IR) sensor on a gimbal under an aerodynamic protective cap during launch.

What Are Latest Mergers And Acquisitions In The Multiple Launch Rocket Systems Market? Diehl Defence and Elbit Systems Land Partner to Strengthen European Rocket Artillery Capabilities

In September 2024, Diehl Defence GmbH & Co. KG, a Germany-based weapon manufacturer and Elbit Systems Land have signed a teaming agreement to develop and supply rockets and advanced training munitions for the PULS and EuroPULS launchers, responding to growing European demand for rocket artillery and deep-strike capabilities. The partnership will enable local development, production, support and sustainment in Europe, complementing the EuroPULS initiative with KNDS Deutschland and leverages Diehl’s four decades of MLRS and guided-rocket expertise together with Elbit’s rocket-artillery know-how to deliver long‑range, precision fire‑support solutions for Germany, NATO and other European customers. Israel-based is an Israel-based defense technology company focusing on advanced land-based military solutions.

What Defines the Multiple Launch Rocket Systems Market?

The multiple launch rocket systems market consists of sales of rocket launchers, guided and unguided rockets, fire control systems, and associated support equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Multiple Launch Rocket Systems Market Report 2026?

The multiple launch rocket systems market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the multiple launch rocket systems industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.