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Multiple Launch Rocket Systems (MLRS) Market to experience an impressive growth of 8.2% during 2020-2025
Multiple Launch Rocket Systems (MLRS) Market Report: Trends, Analysis & Forecast up to 2025. Discover associated growth opportunities, market dynamics, success factors and more.

Multiple Launch Rocket Systems (MLRS) Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Factors such as rise in expenditure on artillery modernization agenda and acquisition of new MLRS systems are expected to drive the global MLRS market.

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Multiple Launch Rocket Systems (MLRS) Market Segment Insights:

By Launch Vehicle Type:
The tracked segment is estimated to register a higher growth during the forecast period. Factors such as military artillery upgrade agenda and new system acquisitions are expected to boost the market.

By Caliber Type:
The 180-300 mm segment is projected to depict a higher growth during the forecast period. The growth of this segment is owing to an increase in the number of long-range multiple launch rocket systems globally and the replacement of traditional systems with MLRS systems with guided ammunition.

By Range Type:
The 100-300 km range segment is expected to lead the market during the forecast period, driven by the rise in procurement and indigenous development of long-range rocket launchers across the globe.

By Region:
North America, particularly the US, held the largest share of the multiple launch rocket systems market in 2018, followed by Europe and Asia-Pacific. The dominance of the US is predominantly owing to the mounting artillery modernization agendas and everchanging focus to high mobility, lightweight artillery systems. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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  • • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • • Market trend and forecast analysis
  • • Market segment trend and forecast
  • • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • • Attractive market segments and associated growth opportunities
  • • Emerging trends
  • • Strategic growth opportunities for the existing and new players
  • • Key success factors
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