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What Is the Forecast for the Multi-Barrel Rocket Launcher Market Growth in 2025?

The market size for multi-barrel rocket launchers has significantly expanded in the past few years. It is predicted to increase from a value of $1.43 billion in 2024 to $1.51 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. Reasons for this growth during the historical period include escalating border disputes and regional clashes, increased demand for rapid artillery support, surge in the modernization of defense programs, enhancement in domestic defense manufacturing operations, and a growing utilization of MBRLs in asymmetric warfare.

What Is the Forecast for the Multi-Barrel Rocket Launcher Market Size Through 2029?

In the upcoming years, the market size of multi-barrel Rocket Launchers is set to witness robust growth, reaching $1.84 billion in 2029 with a 5.1% compound annual growth rate. This predicted expansion during the forecast period can be attributed to the increase in military budgets in developing nations, a heightened attention on modular artillery systems and mobility, a rise in cross-domain warfare and joint operations, an elevated demand for rocket systems with precision guidance, and a growing geopolitical instability and arms competitions. The forecast period is also likely to see significant trends such as a shift towards munitions guided by precision, incorporation with network-centric and unmanned systems, emphasis on swift mobility and deployment, the adoption of multi-caliber launch platforms and modular structures, and stress on self-reliance and indigenous development.

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What are the Key Market Players in Multi-Barrel Rocket Launcher Market and How They’re Evolving?

Major companies operating 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, and Luch Design Bureau.

What Are the Primary Growth Drivers in the Multi-Barrel Rocket Launcher Market?

The growth of the multi-barrel rocket launcher market is predicted to be fuelled by escalating cross-border tensions. These tensions usually stem from disputes or conflicts between countries or regions that share a common border and are often the result of political, economic or territorial disagreements. Factors leading to the rise in cross-border tensions typically involve territorial disputes where conflicting land or maritime boundaries can spark friction between neighbouring nations. This can result in diplomatic standoffs, military confrontations or economic sanctions. Multi-barrel rocket launchers (MBRLs) amplify military capabilities by delivering rapid and overwhelming firepower. In areas with cross-border tensions, this could serve to illustrate military strength and readiness. For example, data from the Switzerland-based non-governmental organization, the Internal Displacement Monitoring Centre (IDMC), indicated that the number of internally displaced persons due to conflict and violence surged by 22.6 million in May 2024, a 49% increase, with the largest spikes seen in 2022 and 2023. Thus, the escalation of cross-border tensions is pushing growth in the multi-barrel rocket launcher market.

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What Are the Leading Segments in the Global Multi-Barrel Rocket Launcher Industry?

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

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 Emerging Market Trends Driving the Growth of the Multi-Barrel Rocket Launcher Industry?

Leading corporations in the multi-barrel rocket launcher market are striving to create ground-breaking systems such as precision-guided rocket solutions, aiming to escalate accuracy and lessen unintended damage. These precision-guided rocket systems are high-tech armaments that incorporate targeting technology, enhancing multi-barrel rocket launchers through improving strike precision, minimizing rocket usage, and ensuring accurate engagement of targets. For instance, in February 2025, the Defence Research and Development Organisation (DRDO), a government entity in India, teamed up with Tata Advanced Systems Limited, an Indian aerospace firm, to showcase the Pinaka precision-guided multi-barrel rocket launcher system in France. This system underscores superior targeting capabilities designed to elevate strike accuracy while reducing unintentional damage. This venture corresponds with India’s wider ambition to emerge as a leading exporter of defense technology, bolstering its strategic defense ties with crucial global allies. The inclusion of precision-guided armaments into the Pinaka system signifies considerable advancement in multi-barrel rocket technology, enabling more precise and effective military missions with less risk to civilians and infrastructure.

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What Is the Regional Outlook for the Multi-Barrel Rocket Launcher Market?

Asia-Pacific was the largest region in the multi-barrel rocket launcher market in 2024. The regions covered in the multi-barrel rocket launcher market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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1. How big is the multi-barrel rocket launcher market, and how is it changing globally?

2. Who are the major companies in the multi-barrel rocket launcher market, and how are they performing?

3. What are the key opportunities and risks in the multi-barrel rocket launcher market right now?

4. Which products or customer segments are growing the most in the multi-barrel rocket launcher market?

5. What factors are helping or slowing down the growth of the multi-barrel rocket launcher market?

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