The global MILES market is forecast to grow at a CAGR of 8.28% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: 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.
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.
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.
- 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?
- Lockheed Martin
- General Dynamics
- Inter coastal electronics
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/bgnls3/global_multiple
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SOURCE Research and Markets