Report Code: A07762 | Pages: NA | ||
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Multiple rocket system is a type of rocket artillery system with advance capabilities. In multiple rocket system, rockets are of larger size and can carry heavier payloads, compared to artillery systems. Although, rocket systems were highly inaccurate & slow when compared to artillery. Such issue has been resolved with the emergence of guided multiple rocket systems. Guided multiple rocket system uses GPS or internal guidance to improve its accuracy while hitting the targets. The multiple launch rocket system is a versatile weapon system which supplements traditional cannon artillery fires by delivery of large volume of firepower in a very short time against critical and time sensitive targets. Such targets include enemy artillery, air defense systems, mechanized units, and personnel. Moreover, multiple rocket systems are cost effective and also require less maintenance as compared to rocket artillery systems.
Growth in territorial disputes, artillery modernization programs, acquisition of new multiple rocket launch systems, and increase in defence budgets of emerging economies are the factors which drive the growth of global multiple rocket launch system market. However, less accuracy in deliver of rockets to a target may hamper the growth of multiple rocket system market. Although technological advancements in the multiple rocket systems such as development of guided multiple launch rocket will be opportunistic for the growth of multiple rocket systems market.
There are still several countries across the globe which are having territorial disputes with their neighboring countries such as Russia-Ukraine over Crimea, India-Pakistan over POK, India-China over Tibet and Arunachal, China with Brunei, Indonesia, and Vietnam over South China sea. Such conflicts encourage countries to increasing their arms inventory further. Therefore, with the increment of arm inventories, the demand of rocket systems will also increase and hence will drive the global rocket systems market.
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Questions answered in the multiple rocket systems market research report:
Multiple Rocket Systems Market Report Highlights
Aspects | Details |
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By Launch Vehicle |
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By Caliber |
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By Range |
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By Pod Capacity |
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By Application |
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By Region |
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Key Market Players | NORINCOGROUP.com Inc., Avibras Indústria Aeroespacial S/A., LARSEN & TOUBRO, BAE Systems, ROKETSAN, IMI Systems, Lockheed Martin Corporation, Tata Power SED, NPO Splav, Hanwha Corporation |
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