DUBLIN, June 21, 2023 /PRNewswire/ — The “Multiple Integrated Laser Engagement Systems (MILES): Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Multiple Integrated Laser Engagement Systems (MILES) estimated at US$899.2 Million in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2022-2030.
Soldiers, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$1.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Vehicles segment is readjusted to a revised 7.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $404.9 Million, While China is Forecast to Grow at 10.3% CAGR
The Multiple Integrated Laser Engagement Systems (MILES) market in the U.S. is estimated at US$404.9 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$135.6 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
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.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Multiple Integrated Laser Engagement Systems (MILES) – Global Key Competitors Percentage Market Share in 2022 (E)
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?
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
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
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
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
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
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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
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
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/13wnc
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