Research and Markets - Global Multiple Integrated Laser Engagement System Market CAGR Growth of 8.28% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Vendors: ZelTech, Rheinmetall, General Dynamics
The global MILES market is forecast to grow at a CAGR of 8.28% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: 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.
According to the report, 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.
Further, the report states that 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.
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?