High-Mobility Artillery Rocket System Market Outlook 2024:Long-Term Value & Growth Seen Ahead

 

According to HTF Market Intelligence, the global High-Mobility Artillery Rocket System market is valued at USD 11.9 Billion in 2023 and estimated to reach a revenue of USD 4.6 Billion by 2030, with a CAGR of 6.29% from 2023 to 2030.

 

High-Mobility Artillery Rocket System Market Overview

 

The High-Mobility Artillery Rocket System (HIMARS) market refers to the global economic activity associated with the development, production, distribution, and maintenance of HIMARS, which is a highly versatile and mobile rocket artillery system used for precision strikes and long-range fires support in military operations.

 

Some of the companies listed in the study from the complete survey list are Lockheed Martin (United States), BAE Systems (United States), Raytheon (United States), Roketsan (Turkey), Larsen & Toubro (India), Hanwha Corporation (South Korea), Norinco (China), Avibras (Brazil), IMI Systems (Israel), Yugoimport SDPR (Serbia), Thales Group (France), Denel Land Systems (South Africa), UkrOboronProm (Ukraine), Splav State Research and Production Association (Russia), Soltam Systems (Israel)

 

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·         Market Drivers

Increasing Global Security Threats have Bolstered Demand for Versatile and Precise Artillery Systems

Advancements in Technology have improved the Accuracy and Range of HIMARS

 

·         Market Opportunities:

The Demand for Precision Strike Capabilities Continues to Rise

The Development of Multi-role variants can expand the System's Utility, Potentially Making

 

High-Mobility Artillery Rocket System  Market Segmentation

The High-Mobility Artillery Rocket System Market is Segmented by Global High-Mobility Artillery Rocket System Market Breakdown by Application (Conventional Warfare, Counter-Insurgency (COIN), Strategic Deterrence) by End User (National Military Forces, Joint Forces and Coalitions) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

 

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