DUBLIN, Nov. 28, 2023 /PRNewswire/ — The “Multiple Integrated Laser Engagement Systems (MILES) – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Multiple Integrated Laser Engagement Systems (MILES) Market to Reach $1.7 Billion by 2030
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. Growth in the Vehicles segment is estimated at 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.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
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
- 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)
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
FOCUS ON SELECT PLAYERS (Total 32 Featured)
- Lockheed Martin Corporation
- Cubic Corporation
- General Dynamics Mission Systems, Inc.
- Rheinmetall AG
- Zen Technologies Ltd.
- Bagira
For more information about this report visit https://www.researchandmarkets.com/r/oujymo
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SOURCE Research and Markets
