+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Multiple Integrated Laser Engagement Systems (MILES): Global Strategic Business Report

  • PDF Icon

    Report

  • 169 Pages
  • January 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140451

Global Multiple Integrated Laser Engagement Systems (MILES) Market to Reach $1.7 Billion by 2030

In the changed post COVID-19 business landscape, 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.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Global Market for Multiple Integrated Laser Engagement Systems (MILES)

What is the estimated value of the Global Market for Multiple Integrated Laser Engagement Systems (MILES)?

The Global Market for Multiple Integrated Laser Engagement Systems (MILES) was estimated to be valued at $899.2 Million in 2022.

What is the growth rate of the Global Market for Multiple Integrated Laser Engagement Systems (MILES)?

The growth rate of the Global Market for Multiple Integrated Laser Engagement Systems (MILES) is 8.3%, with an estimated value of $1700 Million by 2030.

What is the forecasted size of the Global Market for Multiple Integrated Laser Engagement Systems (MILES)?

The Global Market for Multiple Integrated Laser Engagement Systems (MILES) is estimated to be worth $1700 Million by 2030.

Who are the key companies in the Global Market for Multiple Integrated Laser Engagement Systems (MILES)?

Key companies in the Global Market for Multiple Integrated Laser Engagement Systems (MILES) include Lockheed Martin Corporation, Raytheon Technologies, SAAB AB, Cubic Corporation, General Dynamics Mission Systems, Inc., Inter and ZelTech, Inc..

Table of Contents

I. METHODOLOGYII. 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
  • Table 1: World Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Soldiers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for Soldiers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Multiple Integrated Laser Engagement Systems (MILES) Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 8: USA Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 9: USA 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
CANADA
  • Table 10: Canada Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 11: Canada 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
JAPAN
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 12: Japan Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 13: Japan 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
CHINA
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 14: China Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 15: China 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
EUROPE
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 16: Europe Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 17: Europe 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 18: Europe Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 19: Europe 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
FRANCE
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 20: France Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 21: France 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
GERMANY
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 22: Germany Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 23: Germany 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
ITALY
  • Table 24: Italy Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 25: Italy 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
UNITED KINGDOM
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 26: UK Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 27: UK 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
REST OF EUROPE
  • Table 28: Rest of Europe Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 29: Rest of Europe 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
ASIA-PACIFIC
  • Multiple Integrated Laser Engagement Systems (MILES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 31: Asia-Pacific 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
REST OF WORLD
  • Table 32: Rest of World Recent Past, Current & Future Analysis for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Soldiers and Vehicles - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 33: Rest of World 8-Year Perspective for Multiple Integrated Laser Engagement Systems (MILES) by End-Use - Percentage Breakdown of Value Sales for Soldiers and Vehicles for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Lockheed Martin Corporation
  • Raytheon Technologies
  • SAAB AB
  • Cubic Corporation
  • General Dynamics Mission Systems, Inc.
  • Inter-Coastal Electronics, Inc.
  • ZelTech, Inc.