Boston, MA -- (SBWIRE) -- 12/01/2016 -- MILES is a set of lasers and laser sensors, which is fastened on armed personnel, weapons, and vehicles to provide realistic training environment to the soldiers. During training, when soldiers fire at their opponents, it emits laser beams instead of ammunition. If the laser successfully hits a soldier, or sensor, or an opponent vehicle, the computer considers it as lethal and a signal notifies that the target has been eliminated from the exercise.

Technavio's analysts forecast the global MILES market to grow at a CAGR of 8.28% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global MILES market for 2016-2020. To calculate the market size, the report considers the the laser systems that are similar to MILES and are used by other countries for training.

Get More Details on this Report and a Full Table of Contents at Global Multiple Integrated Laser Engagement System Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global MILES Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Cubic
-Lockheed Martin
-Saab
-Raytheon

Other prominent vendors

-General Dynamics
-ZelTech
-Rheinmetall
-Inter-Coastal Electronics

Market driver

-Increasing demand for MILES in live training
-For a full, detailed list, view our report

Market challenge

-Growing demand for indoor training
-For a full, detailed list, view our report

Market trend

-Emergence of multi-functional laser system through C4ISR applications
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Cubic, Lockheed Martin, Saab, Raytheon, General Dynamics, ZelTech, Rheinmetall, Inter coastal electronics

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