Multiple Integrated Laser Engagement Systems (MILES)

Global Market Trajectory & Analytics

MCP13505

EXECUTIVE ENGAGEMENTS

POOL

3039
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

547
Interactions with Platform & by Email

PARTICIPANTS

91
Unique # Participated

VALIDATIONS

26
Responses Validated*

COMPANIES

32
Responses Validated*
* Login for a full stack data experience

DATE

JUN 2021

TABLES

125

PAGES

169

EDITION

8

PRICE

USD 4950

CODE

MCP13505


COMPETITIVE METRICS

COMPANY

D S N T

% *

Bagira

Cubic Corporation

Eagle Crest, Inc.

GDI Simulation

Inter-Coastal Electronics, Inc.

JIRACOR

Leidos, Inc.

Leonardo Canada - Electronics

Lockheed Martin Corporation

Nautilus International Risk Consultants Ltd.

View More...

SUBMIT
Note: Best viewed in Landscape Mode
  

HIGHLIGHTS & REPORT INDEX

Global Multiple Integrated Laser Engagement Systems (MILES) Market to Reach $1.2 Billion by 2026

Following the first ever demonstration over six decades ago in 1960, research into the use of laser technology as a weapon has grown markedly to enable lasers become as important in warfare as unmanned vehicles. Much of the advancements took place in the recent two decades when researchers overcame the SWaP (size, weight, and power) issues enabling the development of fiber and SSL (solid-state) lasers supported by powerful lithium-ion batteries. While high-energy lasers have become a reality, there is no reported practical deployment of a laser weapon system so far. However, this may change soon as defense systems consider adopting a cocktail of varied solutions for a unique defense system that can defend against multiple air and/or land attacks or even sea attacks, combating rockets, unmanned aircrafts, mortar rounds and artillery shells. The Multiple Integrated Laser Engagement System (MILES) training system provides a simulated yet realistic battle-like environment to soldiers for military exercises. By way of a simulation for tactical engagement, the system imparts force-on-force, direct fire training using laser bullets. Each vehicle and individual involved in the exercise is given a particular detection system that senses hits and also assesses casualties. Each participant and vehicular weapon system is fitted with laser transmitters that accurately replicate the lethality of specific weapons and their actual ranges. MILES has proven to increase the fighting effectiveness and combat readiness of defense personnel dramatically. MILES devices are used primarily for force-on-force exercises by squads and brigades to simulate firing and overall effects of real weapon systems like the Bradley Infantry Fighting Vehicle, M1 Abrams Tank, wheeled vehicles, the M113 Armored Personnel Carrier, along with other assorted non-shooting targets. Moreover, basic MILES simulations also address machine guns, anti-armor weapons, rifles, and controller guns, within their programs.

Amid the COVID-19 crisis, the global market for Multiple Integrated Laser Engagement Systems (MILES) estimated at US$784 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 7.9% over the analysis period. Soldiers, one of the segments analyzed in the report, is projected to grow at a 8% CAGR to reach US$1.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vehicles segment is readjusted to a revised 7.3% CAGR for the next 7-year period. This segment currently accounts for a 22% share of the global Multiple Integrated Laser Engagement Systems (MILES) market.

The U.S. Market is Estimated at $378.9 Million in 2021, While China is Forecast to Reach $91 Million by 2026

The Multiple Integrated Laser Engagement Systems (MILES) market in the U.S. is estimated at US$378.9 Million in the year 2021. The country currently accounts for a 45.32% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$91 Million in the year 2026 trailing a CAGR of 9.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR while Rest of European market (as defined in the study) will reach US$99.9 Million by the close of the analysis period.

SELECT PLAYERS

Lockheed Martin Corporation; Raytheon Technologies; SAAB AB; Cubic Corporation; General Dynamics Mission Systems, Inc.; Inter-Coastal Electronics, Inc.; ZelTech, Inc.

SEGMENTS

» End-Use (Soldiers, Vehicles)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Laser Technology in Military & Defense Takes Huge Strides: A Primer
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
Table: How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
India’s Second Wave Makes Clear the Fact that Equity is Not a Part of Global Policy on Tackling COVID
Table: What We Know So Far – “Vaccine Efficiency Against New Strains is Decreasing”
Progress on Vaccinations, Why Should Businesses Care?
With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
Table: A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Table: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
A Retrospective Review of Year 2020 as the Worst Year in Humanity’s History that Left the World in Shambles & Industries and Markets Upended
How the Military & Defense Industry is Impacted by the Pandemic & What’s the New Normal?
Way Forward to the New Normal
Table: Global Defense & Related Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Multiple Integrated Laser Engagement System (MILES): Definition & Importance
Recent Market Activity
Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Despite the Hype About Electronic Warfare, Military Troops Still Remain the Touch Point for Defense & Battle. Training Them With Firearms Skills Becomes the Highest Prerogative
Table: Soldiers Still Remain the Army’s Greatest Asset & the Most Important Weapon System Underlining the Need to Train & Sharpen Their Marksmanship With MILES: Global Active Ready-to-Fight Military Manpower (In 000s) by Country
Focus on Reducing Costs of Military Training Drives the Value of MILES
Technology Innovations & Advancements Remain Crucial to Growth
Critical Importance of Military Training in Preparing Defense Teams for Battlefield Operations Fuels Adoption of MILES Technology
Simulators & Simulations Add New Level of Effectiveness in Military Training
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Current & Future Analysis for Soldiers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Soldiers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Current & Future Analysis for Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
USA Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
CANADA
Canada Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
JAPAN
Japan Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
CHINA
China Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
EUROPE
Europe Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
FRANCE
France Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
GERMANY
Germany Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
ITALY
Italy Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2021 & 2027
Total Companies Profiled: 32

PREVIEW REPORT

YOUR PRIVACY MATTERS!

Our robust permission-based engagement strategy requires a one-time double opt-in and/or re-consent for all users. We will re-establish consent once a year from date of last use. Both these practices exceed GDPR mandates.

What we store: Primary coordinates such as email, company address and phone. In-house developed influencer rank.
How we store: Encrypted and additionally secured by firewalls.
How we use your data: Only to contact you directly. We never share your coordinates with any individual or entity outside our company for any reason.
Privacy queries: Privacy@StrategyR.com