Global High Mobility Artillery Rocket System (HIMARS) Market Size, Share and Forecasts 2031

Key Findings

• High Mobility Artillery Rocket Systems (HIMARS) provide rapid-deployable, precision long-range fires with the ability to launch both guided rockets and tactical ballistic missiles from a wheeled chassis.

• They have become a critical element of modern artillery due to their mobility, survivability, and compatibility with precision-guided munitions such as GMLRS and ATACMS.

• Rising operational needs for deep-strike, counter-battery, and counter-UAS missions fuel rapid global demand for HIMARS platforms and rockets.

• Several nations are prioritizing mobile precision artillery in their modernization programs, particularly NATO allies, Asia-Pacific militaries, and Middle Eastern defense forces.

• Industrial strategies focus on increasing production throughput, modular launcher designs, and integration with coalition C2 networks.

• Demand is supported not only by the base platforms but also by training, lifecycle support, and rocket replenishment cycles.

• Export demand is accelerating, with HIMARS being seen as a “force multiplier” in joint and coalition operations.

HIMARS Market Size and Forecast

The global HIMARS market was valued at USD 7.8 billion in 2024 and is projected to reach USD 18.6 billion by 2031, growing at a CAGR of 13.2%. The growth is fueled by increasing procurement by U.S. allies, replenishment orders following recent operational deployments, and heightened investment in mobile precision fires.

The market expansion is not limited to platforms demand for rockets (GMLRS, extended range, ATACMS replacements, and Precision Strike Missile [PrSM]) significantly boosts recurring revenues. Industrial investments are geared toward flexible production lines capable of handling surges during conflict-driven replenishment. Over the forecast horizon, modular HIMARS-type systems will also emerge from new suppliers (Europe, Asia), broadening the market beyond the U.S.-built baseline system.

Market Overview

HIMARS combines mobility, precision, and scalability to deliver fire support over extended ranges. Its wheeled chassis allows rapid deployment, strategic transportability, and maneuverability in diverse terrains. Unlike legacy tracked launchers, HIMARS balances cost, maintainability, and interoperability with modern rocket families. The system is compatible with precision strike munitions, allowing commanders to apply high-volume fires or precision strikes from the same launcher. Its role in modern doctrines includes suppression of enemy artillery, interdiction of logistics nodes, long-range precision fires, and deterrence.

Future Outlook

The future HIMARS market will be characterized by next-generation munition integration, such as the Precision Strike Missile (PrSM), which doubles engagement ranges and adds multi-mission effects. Future systems will emphasize networked targeting, autonomous resupply, and drone-integration for real-time targeting. Regional competitors are developing indigenous high-mobility rocket systems, but HIMARS retains a dominant position due to combat-proven effectiveness. By 2031, HIMARS and similar systems will be central to multi-domain operations, coalition interoperability, and distributed fires doctrines, ensuring strong demand worldwide.

HIMARS Market Trends

• Combat-Proven Performance Driving Global Demand
  Operational success in recent conflicts has showcased HIMARS as a decisive system for counter-battery fire, deep interdiction, and precision strikes. Its ability to operate effectively under contested conditions has accelerated global procurement interest. Nations value the system’s proven survivability and precision in high-tempo engagements.

• Transition Toward Precision Strike Missile (PrSM)
  The development of PrSM as the ATACMS successor is reshaping HIMARS utility. With ranges exceeding 500 km, PrSM provides extended strike reach, multi-target capability, and adaptability for future seeker upgrades. This trend increases long-term market value as PrSM integration upgrades will sustain HIMARS relevance.

• Export Growth and Coalition Interoperability
  Allied nations increasingly procure HIMARS to enhance interoperability with U.S. and NATO forces. This includes integration into shared command-and-control systems, ensuring joint fires compatibility. Export orders now dominate backlog pipelines, reflecting HIMARS’ role as a coalition enabler.

• Integration With Multi-Domain C2 Networks
  HIMARS is evolving beyond artillery into a networked fires platform. Integration with satellite ISR, UAV reconnaissance, and sensor-to-shooter networks enables time-sensitive targeting. This trend highlights the shift toward network-centric warfare where HIMARS plays a node in distributed fires.

• Production Scaling and Industrial Resilience
  Increased demand after recent conflicts exposed bottlenecks in rocket and launcher supply chains. Manufacturers are expanding facilities, adopting automation, and signing long-term supplier agreements to ensure surge production capacity. Governments are prioritizing industrial resilience as part of procurement contracts.

• Emergence of Regional Competitors
  Nations such as South Korea, Turkey, and India are developing HIMARS-like systems with indigenous rockets to reduce reliance on imports. While competition intensifies, interoperability needs and proven track records favor HIMARS for many allies.

Market Growth Drivers

• Growing Emphasis on Mobile Precision Fires
  Modern doctrines emphasize rapid-deployable precision artillery to counter evolving threats. HIMARS provides this balance, making it essential for modern armies.

• Operational Replenishment and Stockpile Needs
  High operational usage in conflicts depletes inventories rapidly, creating recurring orders for both launchers and munitions.

• Allied and Coalition Modernization Programs
  NATO allies, Indo-Pacific militaries, and Middle Eastern states prioritize HIMARS procurement for interoperability and deterrence.

• Technological Advancements in Rockets
  Integration of extended-range GMLRS, PrSM, and seeker-enabled rockets drives continuous upgrades, enhancing HIMARS value proposition.

• Shift Toward Distributed Fires and Expeditionary Forces
  Distributed operations and expeditionary concepts favor mobile systems like HIMARS that can relocate quickly and avoid counter-battery strikes.

Challenges in the Market

• High Procurement and Sustainment Costs
  Acquiring HIMARS launchers and advanced guided munitions requires substantial budgets, limiting adoption in resource-constrained nations.

• Supply Chain Constraints for Critical Components
  Electronics, propellants, and guidance kits face bottlenecks, creating production delays and procurement risks.

• Countermeasures and Adversary Adaptation
  Adversaries are investing in electronic warfare, camouflage, and counter-battery measures to reduce HIMARS effectiveness. Suppliers must innovate survivability measures.

• Export Control Restrictions
  Tight export controls limit sales to certain nations, restricting full global penetration of the HIMARS market.

• Training and Doctrine Integration Needs
  Deploying HIMARS requires new fire-control doctrines, crew training, and logistical support infrastructure, which can slow integration timelines.

• Competition From Indigenous Alternatives
  Emerging rocket systems developed by regional powers could limit U.S. market share in some countries.

HIMARS Market Segmentation

By Component

• Launcher Systems

• Guided Rockets (GMLRS, ER-GMLRS)

• Tactical Missiles (ATACMS, PrSM)

• Fire Control and C2 Systems

• Training and Lifecycle Support

By Range

• 70–150 km (GMLRS)

• 150–300 km (ATACMS)

• 300–500+ km (PrSM and Extended Variants)

By Platform

• Wheeled Vehicle-Mounted Systems

• Containerized / Modular Systems

By End User

• Army/Ground Forces

• Marine/Expeditionary Forces

• Coalition/Allied Forces

By Region

• North America

• Europe

• Asia-Pacific

• Middle East & Africa

• Latin America

Leading Key Players

• Lockheed Martin Corporation

• BAE Systems plc

• Raytheon Technologies Corporation

• Hanwha Defense

• Kongsberg Gruppen ASA

• Roketsan

• Larsen & Toubro Defence

• General Dynamics Ordnance and Tactical Systems

• Nexter Group

• Denel Dynamics

Recent Developments

• Lockheed Martin Corporation ramped up HIMARS production capacity in response to record global demand, with contracts covering both launchers and GMLRS/PrSM munitions.

• Raytheon Technologies Corporation advanced seeker-enabled upgrades for PrSM, enhancing HIMARS’ future strike capabilities.

• Hanwha Defense introduced a HIMARS-like mobile rocket artillery platform tailored for Asia-Pacific defense markets.

• Roketsan secured new export deals for indigenous guided rockets designed for HIMARS-class launchers.

• BAE Systems plc expanded lifecycle support services for allied HIMARS operators, focusing on training and logistics support.

This Market Report Will Answer the Following Questions

• How many HIMARS systems and guided rockets are manufactured per annum globally? Who are the sub-component suppliers in different regions?

• Cost Breakdown of a Global HIMARS system and Key Vendor Selection Criteria.

• Where are HIMARS systems manufactured? What is the average margin per unit?

• Market share of Global HIMARS system manufacturers and their upcoming products.

• Cost advantage for OEMs who manufacture HIMARS systems and rockets in-house.

• Key predictions for the next 5 years in the Global HIMARS market.

• Average B2B HIMARS market price in all segments.

• Latest trends in the HIMARS market, by every market segment.

• The market size (both volume and value) of the HIMARS market in 2025–2031 and every year in between.

• Production breakup of the HIMARS market, by suppliers and their OEM relationships.