Global Close-in Weapon Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Gun-based and Missile-based.

By Platform;

Terrestrial and Naval.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn118255856 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Close-in Weapon Systems Market (USD Million), 2020 - 2030

In the year 2023, the Global Close-in Weapon Systems Market was valued at USD 6,785.73 million. The size of this market is expected to increase to USD 13,056.08 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.8%.

Close-in weapon system (CIWS) is a weapon system specifically designed to identify and neutralize incoming short-range missiles and enemy aircraft that have successfully penetrated the outer defense mechanisms. These systems are commonly utilized on naval vessels. It should be noted that CIWS devices are present on a wide range of modern warships. Experts have pointed out that high-energy lasers now provide a cost-effective solution for targeting asymmetric threats such as unmanned aircraft and small attack boats, accomplishing this task at the speed of light and with an exceptional level of accuracy.

Close-in weapon systems market is anticipated to be driven by a consistent increase in the global military fleet, internal and external security threats, technological innovations, aging global military fleet, joint ventures, and strategic alliances formed to address the specific requirements of the modernization initiatives undertaken by the global armed forces. Moreover, the growing instances of asymmetric warfare and the emphasis on developing advanced warfare systems are the main drivers for the market. However, the design and operational issues regarding the use of automated weaponry including CIWS may challenge the industry in the short term.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Platform
    3. Market Snapshot, By Region
  4. Global Close-in Weapon Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Thread of Asymmetric Welfare
        2. Modernization and Upgradation Programs
        3. Focus on Naval Warfare Systems
        4. Technological Advancements
      2. Restraints
        1. High Costs
        2. Complexity of Integration
        3. Limited Effectiveness Against Emerging Threats
        4. Export Restrictions
      3. Opportunities
        1. Rising Demand for Naval Defense Systems
        2. Technological Advancements
        3. Focus on Integrated Air and Missile Defense (IAMD)
        4. Emerging Markets
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  5. Market Segmentation
    1. Global Close-in Weapon Systems Market, By Type, 2022 - 2032 (USD Million)
      1. Gun-based
      2. Missile-based
    2. Global Close-in Weapon Systems Market, By Platform, 2022 - 2032 (USD Million)
      1. Terrestrial
      2. Naval
    3. Global Close-in Weapon Systems Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. RTX Corporation
      2. Leonardo S.p.A
      3. BAE Systems plc
      4. THALES
      5. ASELSAN A.S
  7. Analyst Views
  8. Future Outlook of the Market

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