The report, now available on ASDReports, recognizes the following companies as the 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
Commenting on the report, an analyst 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Oct 26, 2016