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

Abstract: 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.

New York, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Multiple Integrated Laser Engagement Systems (MILES) Industry" - https://www.reportlinker.com/p06156003/?utm_source=GNW
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 Competitors (Total 32 Featured)

• Lockheed Martin Corporation

• Raytheon Technologies

• SAAB AB

• Cubic Corporation

• General Dynamics Mission Systems, Inc.

• Inter-Coastal Electronics, Inc.

• ZelTech, Inc.

Read the full report: https://www.reportlinker.com/p06156003/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

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?
EXHIBIT 1: 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
EXHIBIT 2: 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
EXHIBIT 3: 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
EXHIBIT 4: 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 2019, 2020, 2021, 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
EXHIBIT 5: 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
EXHIBIT 6: 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
Table 1: 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

Table 2: 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

Table 3: 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

Table 4: 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

Table 5: 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

Table 6: 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

III. MARKET ANALYSIS

UNITED STATES
Table 7: 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

Table 8: 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
Table 9: 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

Table 10: 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
Table 11: 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

Table 12: 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
Table 13: 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

Table 14: 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
Table 15: 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

Table 16: 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

Table 17: 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

Table 18: 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
Table 19: 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

Table 20: 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
Table 21: 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

Table 22: 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
Table 23: 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

Table 24: 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
Table 25: 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

Table 26: 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
Table 27: 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

Table 28: 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
Table 29: 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

Table 30: 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
Table 31: 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

Table 32: 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

IV. COMPETITION
Total Companies Profiled: 25
Read the full report: https://www.reportlinker.com/p06156003/?utm_source=GNW

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