Multiple Integrated Laser Engagement System (MILES) Market Size, Forecasts Analysis, Industry Growth, Company Profiles, Global 2021 Industry Share and Key Regions 2027 - Cubic, Lockheed Martin, Saab, Raytheon

The Multiple Integrated Laser Engagement System (MILES) Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Multiple Integrated Laser Engagement System (MILES) Market Size is Projected to Reach at a CAGR of 10% during 2021-2027.

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Market Overview:

Much of the advancements took place in the recent two decades when researchers overcame the SWaP (size, weight, and power) issues enabling the development of fibre and SSL (solid-state) lasers supported by powerful lithium-ion batteries. While high-energy lasers have become a reality, there is no reported practical deployment of a laser weapon system so far. However, this may change soon as defence systems consider adopting a cocktail of varied solutions for a unique defence system that can defend against multiple breaths of air and/or land attacks or even sea attacks, combating rockets, unmanned aircraft, mortar rounds and artillery shells. The Multiple Integrated Laser Engagement System (MILES) training system provides a simulated yet realistic battle-like environment for soldiers for military exercises. 

Top Leading Companies:

Cubic, Lockheed Martin, Saab, Raytheon, General Dynamics, ZelTech, Rheinmetall, Inter Coastal Electronics

Recent Development:

Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced that at a special meeting of shareholders held on April 27, 2021 (the “Special Meeting”), the shareholders of the Company approved a proposal to adopt the merger agreement (the “Merger Agreement”) entered into between the Company and an affiliate of Veritas Capital (“Veritas”), under which Veritas and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Management L.P., will acquire the Company for $75.00 per share in cash.

Saab has acquired 14 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset. Saab’s largest acquisition to date was in 2011 when it acquired Sensis for $155M. Saab has acquired in 1 US state, and 6 countries. The Company’s most targeted sectors include aerospace (39%) and marine (24%). Saab is a supplier of high-performing and cost-effective missile systems and components for air, land and naval operations. The strong product portfolio includes air defence system RBS 70, and the latest generation RBS 70 NG, NLAW anti-tank system and RBS15 anti-ship missile system. Saab was founded in 1937 and is based in Stockholm, Sweden.

Multiple Integrated Laser Engagement System (MILES) Market Segmentation by Type:

Soldier Equipment
Vehicle Equipment

Multiple Integrated Laser Engagement System (MILES) Market Segmentation by Application:

Military Use
Civil Use

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The US Dominates the Market:

The Multiple Integrated Laser Engagement Systems (MILES) market in the U.S. is estimated at US$378.9 Million in the year 2021. The country currently accounts for a 45.32% share in the global market. China, the world second-largest economy, is forecast to reach an estimated market size of US$91 Million in the year 2026 trailing a CAGR of 9.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR while the Rest of the European market (as defined in the study) will reach US$99.9 Million by the close of the analysis period.

Regional Multiple Integrated Laser Engagement System (MILES) Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Multiple Integrated Laser Engagement System (MILES) Market Report:

Detailed overview of Multiple Integrated Laser Engagement System (MILES) Market
Changing the Multiple Integrated Laser Engagement System (MILES) market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Multiple Integrated Laser Engagement System (MILES) market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Multiple Integrated Laser Engagement System (MILES) Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Multiple Integrated Laser Engagement System (MILES) Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Multiple Integrated Laser Engagement System (MILES) industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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