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LONDON, GREATER LONDON, UNITED KINGDOM, June 17, 2025 /EINPresswire.com/ -- The Business Research Company’s Latest Report Explores Market Driver, Trends, Regional Insights - Market Sizing & Forecasts Through 2034
The Global Multi-Barrel Rocket Launcher Market is set to rise from $1.43 billion in 2024 to $1.51 billion in 2025, registering a compound annual growth rate CAGR of 5.3%. This rising trend is attributed to escalating cross-border tensions and regional conflicts, the growing demand for artillery support that ensures rapid responses, an increase in defense modernization initiatives, significant growth in domestic defense manufacturing abilities, and the surging utilization of MBRLs in asymmetrical warfare scenarios.
What Is The Projected Future Growth Of The MBRL Market Size?
It is expected to reach $1.84 billion in 2029, with a compound annual growth rate of 5.1% in this forecast period. This growth can be traced back to escalating military budgets in emerging economies worldwide, an increasing emphasis on mobility, and the rise of modular artillery systems. Not only this, but also an upswing in cross-domain warfare and coordinated operations, growing demand for precision-guided rocket systems, and increasing geopolitical volatility and arms races are key factors driving the forecasted growth. Major trends contributing to this projected growth include a shift towards precision-guided munitions, integration with unmanned and network-centric systems, a focus on rapid mobility, deployment, and the incorporation of modular and multi-caliber launch platforms along with an emphasis on indigenous development and self-reliance.
With rising cross-border tensions and conflicts, the MBRL market shows promising growth prospects. Disputes and conflicts arising between countries or regions with shared borders have been major catalysts for the growth in the MBRL market, often due to political, economic, or territorial disagreements. Significant factors contributing to these tensions include territorial disputes, which lead to escalated tensions between neighboring nations over conflicting claims on land or maritime boundaries. Such tensions often result in diplomatic standoffs, military confrontations, or economic sanctions.
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What Are The Key Drivers Propelling The Growth Of The MBRL Market?
Notably, multi-barrel rocket launchers MBRLs augment military capabilities by providing rapid, overwhelming firepower. This serves as a deterrent in areas with high cross-border tensions, indicating military prowess and readiness.
What Key Player Strategies Are Driving The MBRL Market?
Leading global companies operating in the MBRL market include 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, and Luch Design Bureau.
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What Are The Emerging Trends In The MBRL Market?
These top-tier companies are distinguishing themselves by focusing on the development of innovative systems like precision-guided rocket systems in order to enhance accuracy and minimize collateral damage. Precision-guided rocket systems are advanced ammunitions equipped by multi-barrel rocket launchers to increase strike precision, reduce rocket utilization, and facilitate precise target engagement.
How Is The MBRL Market Segmented?
The MBRL market report covers multiple segments:
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
Subsegments:
1 By Fixed: Ground-Based Fixed, Naval-Based Fixed
2 By Locomotive: Wheeled Vehicle-Based, Tracked Vehicle-Based, Airborne Platform-Based
What Are The Regional Insights In The MBRL Market?
Asia-Pacific held the largest share in the MBRL market in 2024. Other regions covered in the MBRL market report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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