Last Updated: 01-08-2025 | Format: PDF | Report ID:20839 | Author: Lily
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $7,200 Million |
| What is the projected market size by 2035? | $11,900 Million |
| What is the market CAGR from 2025 to 2035? | 5.2% |
| Which region dominates the market? | South (40%) |
| Which product/service type dominates the market? | Tracked (45%) |
| Which application leads the market? | National Defense (50%) |
| Who are the major buyers? | US Army (45%), Homeland Security (30%) |
| What are the key market growth drivers? | Modernization of US military arsenals with advanced guided and autonomous MLRS; Growing concerns over national security and evolving battlefield threats |
| What are the major market challenges? | Stringent US defense procurement and export regulations; Integration challenges with legacy systems and interoperability |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | Lockheed Martin, Raytheon Technologies, Boeing, Northrop Grumman, General Dynamics, BAE Systems, L3Harris Technologies, Aerojet Rocketdyne, Elbit Systems, Dynetics, Textron, Leonardo DRS, Honeywell, KBR Inc., Saab |
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