Multiple Integrated Laser Engagement System market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Multiple Integrated Laser Engagement System market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Multiple Integrated Laser Engagement System market size of various segments.
MILES is a set of lasers and laser sensors, which is fastened on armed personnel, weapons, and vehicles to provide realistic training environment to the soldiers. During training, when soldiers fire at their opponents, it emits laser beams instead of ammunition. If the laser successfully hits a soldier, or sensor, or an opponent vehicle, the computer considers it as lethal and a signal notifies that the target has been eliminated from the exercise.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Multiple Integrated Laser Engagement System market projected to grow at a CAGR of 8.28% during the period 2017-2021.
Multiple Integrated Laser Engagement System Market Drivers, Challenges and Trends: –
Market Driver: – Training is an important aspect in defense. it does not pertain to only the equipment or simulators used but also how efficiently soldiers deal with real-world or realistic battlefield conditions. therefore, training systems that can create tactical awareness and effective mission rehearsals have a high demand.
Market Challenge: – Defense budget cuts have significantly limited the procurement of military hardware in many countries, and replacement of these components at frequent intervals has also become difficult. hence, the demand for indoor training with training systems that have a longer service life is gradually increasing.
Market trend: – Currently, soldiers are being trained using laser-based technology for combat. The latest technological advancements in MILES have raised the bar, as the new versions have become much more sophisticated, which includes instant data on soldier performance
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Market segmentation by application:- MILES market for soldiers, MILES market for vehicles
Market share by application
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Multiple Integrated Laser Engagement System market size the report considers the the laser systems that are similar to MILES and are used by other countries for training. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Multiple Integrated Laser Engagement System market like Cubic, Lockheed Martin, Saab, Raytheon, General Dynamics and many more.
Some of the Exhibits included in Multiple Integrated Laser Engagement System Market report: –
Exhibit 01: Product offerings
Exhibit 02: MILES segmentation
Exhibit 03: Global MILES market ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Market share by application in 2015 and 2020
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With geographic breakdown of the Multiple Integrated Laser Engagement System market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.