Overview of the global multiple integrated laser engagement system (MILES) market
According to Technavio’s market research analysis, the global multiple integrated laser engagement system (MILES) market is anticipated to grow at a CAGR of around 8% during the forecast period. By 2020, live training or tactical engagement simulation (TES) systems will be the most used training type in defense systems. As the use of realistic weapons in training can prove fatal and life-threatening, there is application of artificial and close-to-reality equipment for the soldiers to experience the realistic battlefield atmosphere. The weapons are substituted with lasers and laser detectors for live ammunition, which enables realistic force-on-force training. Such devices also help analyze the performance of the soldiers. The use of MILES in live trainings enhances the comprehensive training skills, improves situational awareness and joint decision-making processes in a shorter timeframe. Such training systems are very similar to the laser detectors, which reduces the expenditure on external training.
At present, soldiers are being trained using a laser-based technology for combat operations. However, the latest technological advancements in MILES include more sophisticated combat systems which provide instant data on soldier performance. Constant R&D has led to the development of systems that are much smaller and lighter than their predecessors. In addition, improved batteries are being used in advanced MILES that powers the system for nearly 30 days compared with the conventional battery that lasted only for a day. Such technological developments have prompted several major vendors, such as Lockheed Martin, General Dynamics, Saab, Inter-Coastal Electronics, Raytheon, and ZelTech, to augment their investments and procurements of MILES.
Competitive landscape and key vendors
The global MILES market is highly competitive, where the vendors compete on the basis of cost, product quality, reliability, and aftermarket service. The global vendors dominate this market in terms of in-house manufacturing capabilities, latest technologies, global footprint network, product offerings, R&D investments, and a robust client base. To sustain in the intensely competitive environment, the vendors are providing cost-effective and high-quality anti-ship missile defense systems, equipped with the latest technologies. Mergers and acquisitions coupled with the increased collaboration with alliance partners around the world, will drive the global MILES market during the forecast period.
Leading vendors in the market are -
Other prominent vendors in the MILES market include General Dynamics, ZelTech, Rheinmetall, and Inter coastal electronics.
Segmentation by application and analysis of the MILES market
With several military nations reducing their battalion sizes, it has become important for the respective governments to invest in MILES to enhance the level of training imparted to the soldiers. Integration of MILES in military training programs helps in providing the necessary skills to different team members, such as rifleman, machine gunners, and snippers in a battalion. MILES equip the soldiers with basic platoon tactics that is required for every mission. These include suppression of enemy's mobility and prevention of fratricide. In addition, it is used to get instant feedback of trainee's performance at the combat training center (CTC). The implementation of MILES has become necessary to maintain the sustainability and survivability of the reduced troops.
Geographical segmentation and analysis of the MILES market
During 2015, the Americas dominated the MILES market and accounted for around 55% of the total market revenue. Much of the region’s growth is due to the increasing number of terrorist attacks and radical group activities. These security threats demand the army to be sufficiently trained with the latest equipment such as MILES. The growing adoption of I-MILES in training the army soldiers in the region will propel the growth of the market during the forecast period.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global MILES market?
What are the key market trends impacting the growth of the global MILES market?
What are the challenges to market growth?
Who are the key vendors in the global MILES market?
What are the market opportunities and threats faced by the vendors in the global MILES market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global MILES market?
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