Multiple integrated laser engagement system market report, an analyst says currently, soldiers are being trained using laser-based technology for combat. The latest technological advancements in MILES have raised the bar, as the new versions have become much more sophisticated, which includes instant data on soldier performance.
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Key players in the global MILES market: Cubic, Lockheed Martin, Saab, and Raytheon. Other Prominent Vendors in the market are: General Dynamics, ZelTech, Rheinmetall, and Inter coastal electronics.
The analysts forecast global MILES market to grow at a CAGR of 8.28% during the period 2016-2020. 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.
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According to the report, training is an important aspect in defense. It does not pertain to only the equipment or simulators used but also how efficiently soldiers deal with real-world or realistic battlefield conditions. Therefore, training systems that can create tactical awareness and effective mission rehearsals have a high demand.
The report, Global Multiple integrated laser engagement system 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.
Further, the report states that defense budget cuts have significantly limited the procurement of military hardware in many countries, and replacement of these components at frequent intervals has also become difficult. Hence, the demand for indoor training with training systems that have a longer service life is gradually increasing.
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