Report Code: A09058 | Pages: NA | Mar 2023 | 2349 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Tracked Multiple Rocket Systems Market
Request Now !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.
COVID-19 Scenario analysis:
Growing territorial disputes, artillery modernization programs, acquisition of new multiple rocket launch systems, and increase in defense budgets of emerging economies are the factors that drive the growth of the global tracked multiple rocket 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 tracked multiple rocket systems market.
Territorial disputes with other countries have led the increase in procurement of multiple rocket systems, which can be used to counter enemy forces at a rapid rate. Moreover, tracked multiple rocket system provides better safety for troops due to its armor. In addition, tracked rocket system can be used in difficult terrain as compared to wheeled rocket system. Therefore, due to its versatile & robust nature, the militaries are procuring tracked multiple rocket systems; thereby, driving the growth of the tracked multiple rocket system market.
Key benefits of the report:
Questions answered in the multiple rocket systems market research report:
Tracked Multiple Rocket Systems Market Report Highlights
Aspects | Details |
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By Range |
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By Pod Capacity |
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Key Market Players | Lockheed Martin Corporation, BAE Systems, ROKETSAN, IMI Systems, Avibras Indústria Aeroespacial S/A., NORINCOGROUP.com Inc., Tata Power SED, Hanwha Corporation, NPO Splav, LARSEN & TOUBRO |
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