The global multiple integrated laser engagement system (MILES) market was valued at almost $2 billion in 2015 and is expected to reach almost $3 billion by 2020, says Technavio.
Technavio’s defense portfolio has announced its latest market research report on MILES for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global MILES market during the forecast period. Some of the top vendors listed in this industry analysis include Cubic, Lockheed Martin, Saab, and Raytheon.
In terms of geographical analysis, APAC will be the fastest growing region in the global market and is expected to reach revenues of around $513 million by 2020. China, India, Japan, and South Korea will emerge as the key revenue-generators.
“Vendors in the market are developing multi-functional laser systems through C4ISR applications. Establishment of an efficient C4ISR projects a real-time picture of what is happening in the field, which, in turn, helps soldiers strategize their tactical approach. Rapid developments in the IT and optoelectronic sensors sectors are enhancing the use of sensors in real-time through the ability to identify targets in a wide range of spectrum,” says Avimanyu Basu, a lead analyst at Technavio for defense.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increasing demand for MILES in live training
The use of MILES during live training can enhance comprehensive training skills as well as improve situational awareness and joint decision-making processes in a shorter timeframe. It possesses features similar to weapons and other technological developments used on the battlefield. The air defense weapons systems (ADWS) MILES is an interoperable solution that enhances force-on-force live training and armor- and infantry-based exercises by creating actual effects like that of air-defense weapons at CTCs.
Growing demand for centralized simulation and training
Countries across the globe are focused on designing effective training regimes by embracing a combination of virtual and live training. In 2015, armed forces of 11 NATO member countries planned to train their armed forces collectively using a centralized simulation and training method. Hence, the usage of MILES will benefit NATO nations joint training purpose through improving tactics, techniques, and procedures (TTPs) and enhancing exercise effectiveness.
Development of urban warfare training tactics
In urban terrain, the engagements with enemies occur at short ranges and command and control becomes difficult. For instance, the Russian Army in Chechnya faced a tough challenge. Their armored thrust into Grozny was predicted by Chechen terrorists, who trapped the Russians from all sides. The narrow streets were blocked by burning Russian vehicles which made it difficult for the Russian army to advance, counter-maneuver, or even withdraw.
Live training exercises in simulated urban terrain using MILES system make it possible to address challenges faced during urban operations. Live training with MILES can provide soldiers a realistic scenario that will enhance the tactical capabilities with effective situational awareness.
Some of the other prominent vendors identified in this report are General Dynamics, ZelTech, Rheinmetall, and Inter coastal electronics.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global MILES Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Military Laser Systems Market 2016-2020
- Global Laser Distance Meter Market 2016-2020
- Global Radar Systems and Technology Market 2016-2020
- Global Airborne Laser Obstacle Avoidance Monitoring Systems Market 2016-2020
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