Multi Barrel Rocket Launcher Market Report

Attractive Opportunities

?Global Demand Analysis & Sales Opportunities in Multi-Barrel Rocket Launcher Market 

• The annual demand for multi-barrel rocket launcher was USD 2.66 billion in 2024 and is expected to reach USD 2.79 billion in 2025, up 4.7% than the value in 2024.
• During the next 8 years (forecast period of 2025-2032), the multi-barrel rocket launcher market is expected to grow at a CAGR of 4.3%. The annual demand will reach USD 3.75 billion in 2032, which is almost 1.5 times the demand in 2025.
• During 2025-2032, the multi-barrel rocket launcher industry is expected to generate a cumulative sales opportunity of USD 26.10 billion.

High-Growth Market Segments: 

• Asia-Pacific is expected to be the dominant and fastest-growing region over the forecasted period.
• By type, Locomotive segment is expected to be the fastest-growing segment of this market during the forecast period.
• By range type, 100-300 km segment is expected to be the fastest-growing segment of this market during the forecast period.
• By component type, Launch System segment is expected to be the fastest-growing segment of this market during the forecast period.

Market Statistics 

Have a look at the sales opportunities presented by the multi-barrel rocket launcher market in terms of growth and market forecast.

Market Dynamics

Introduction:

What is a multi-barrel rocket launcher?

A multi-barrel rocket launcher (MBRL) is a weapon system equipped with multiple launch tubes that can fire several rockets in rapid succession. It is designed for saturation attacks, providing wide-area coverage and high firepower against enemy positions, vehicles, or infrastructure.

Market Drivers: 

Military Modernization and Rising Defense Budgets

• Military modernization and rising defense budgets are key growth drivers of the multi-barrel rocket launcher market, as countries are investing in upgrading their artillery systems to improve precision, mobility, and strike range.
• Increased funding enables procurement of advanced MBRL platforms, supporting strategic readiness and enhancing combat capabilities in evolving threat environments.

Geopolitical Tensions & Conflicts

• Rising geopolitical tensions and armed conflicts, such as the Russia–Ukraine war, border disputes between India and China, and instability in the Middle East, have significantly increased the need for advanced multi-barrel rocket launchers.
• Multi-barrel rocket launchers (MBRLs) are in high demand due to their ability to deliver rapid, large-scale firepower over long distances.
• Additionally, these systems enhance deterrence, provide strategic depth, and support flexible military responses in dynamic combat scenarios.

Market Challenges: 

High Maintenance Cost and Target Accuracy

• High maintenance costs impact the market growth of multi-barrel rocket launchers due to the need for frequent calibration, testing, and a skilled workforce. These advanced systems involve complex components, increasing operational expenses significantly.
• Target accuracy limitations also pose a challenge, especially in difficult terrains where precise aiming becomes harder. Compared to tanks or guided systems, MBRLs may offer lower accuracy, reducing their effectiveness in certain combat scenarios.

Segments' Analysis

By Range Type 

“100-300 km segment is expected to be the fastest-growing segment of this market during the forecast period.”

• The multi-barrel rocket launcher market is segmented by range type into 10-100 km and 100-300 km.
• 100-300 km segment is expected to be the fastest-growing segment of this market during the forecast period, due to increasing demand for extended-range precision strike capabilities. This range enables forces to strike critical targets deep within enemy territory while remaining safely out of reach from most counter-battery fire.
• Advancements in guided munitions and satellite navigation have significantly improved the accuracy and lethality of rocket systems within this range, making them highly effective in both conventional and asymmetric warfare.

By Component Type 

“Launch System segment is expected to be the fastest-growing segment of this market during the forecast period.”

• The multi-barrel rocket launcher market is segmented by component type into command & control system, launch system, radar system, and others.
• Launch System segment is expected to be the fastest-growing segment of this market during the forecast period, due to increasing global demand for highly advanced, precise, and modular launch platforms.
• As military forces modernize artillery capabilities, emphasis on improved targeting accuracy, faster reload times, and integration with command-and-control systems is rising. Moreover, technological advancements and growing investments in upgrading legacy systems further fuel the segment’s rapid growth during the forecast period.

Regional Analysis 

“Asia-Pacific is expected to be the dominant and the fastest-growing region over the forecasted period.”

• In terms of region, the multi-barrel rocket launcher market is segmented into the North American region, the European region, the Asia-Pacific region, and the rest of the world.
• Asia-Pacific is expected to be the dominant and fastest-growing region over the forecasted period, due to increasing defense budgets, rising geopolitical tensions, and active military modernization programs in countries like China, India, and South Korea.
• The region’s focus on building long-range strike systems and producing more defense equipment locally, combined with frequent border tensions and security challenges, is driving strong demand for advanced rocket launchers in both local use and international exports.

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the multi-barrel rocket launcher market -  

• Diehl Defense GmbH & Co. KG
• Elbit Systems Ltd.
• China North Industries Group Corporation Limited (NORINCO)
• Tata Power Company Ltd.
• Avibras Industria Aeroespacial S.A.
• Lockheed Martin Corporation
• Hanwha Defense Co. Ltd.
• Northrop Grumman Corporation
• BAE Systems plc
• Larsen & Toubro Limited

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions: 

• In February 2025, France is in advanced discussions with India to acquire the Pinaka multi-barrel rocket launcher system. The decision would mark the first time France has considered buying Indian-manufactured artillery. In February 2025, Reuters reported that France is in advanced discussions with India to acquire the Pinaka multi-barrel rocket launcher system. The decision would mark the first time France has considered buying Indian-manufactured artillery. 

• In May 2023, Lockheed Martin received a contract exceeding USD 800 million from the U.S. Army to supply HIMARS and M270 systems, boosting long-range precision strike capabilities and addressing increasing demand from both domestic and allied defense forces.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation 

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The multi-barrel rocket launcher market is segmented into the following categories. 

Multi-Barrel Rocket Launcher Market, by Type

• Fixed
• Locomotive

Multi-Barrel Rocket Launcher Market, by Range Type

• 10-100 km
• 100-300 km

Multi-Barrel Rocket Launcher Market, by Component Type

• Command & Control System
• Launch System
• Radar System
• Others

Multi-Barrel Rocket Launcher Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s multi-barrel rocket launcher market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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