Global Close-In Weapon Systems (CIWS) Market Report and Forecast 2024-2032

Global Close-In Weapon Systems (CIWS) Market Outlook

The global close-in weapon systems (CIWS) market attained a value of USD 7.53 billion in 2023. The market is expected to grow at a CAGR of 11.7% in the forecast period of 2024-2032 to reach a value of USD 20.39 billion by 2032.

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Growing Demand for Various Gun-Based CIWS, owing to the Increasing Risk of Aerial Threats to Bolster the Growth of the Close-In Weapon Systems (CIWS) Industry

Based on type, the gun-based close-in weapon systems account for a significant share in the market. This can be attributed to the growing demand for various gun-based CIWS, including AK_630, Pantsir-M, DARDO, Goalkeeper CIWS, Kashtan CIWS, and Myriad CIWS, among others. The Kashtan CIWS is likely to gain traction in the forecast period, owing to its high ammunition storage and various advantages, including its ability to protect ships against ASMs, anti-radar missiles, and aerial threats from the aircraft, among others. It can also engage smaller vessels and ground targets. Meanwhile, the missile-based CIWS are likely to provide growth opportunities to the market, owing to the development of cheaper alternatives to the costlier missile-based CIWS. For instance, the 9M337 Sosna-R is an effective and cheaper alternative to the tor missile system and Pantsir-S1.

North America Accounts for a Significant Share in the Market

North America accounts for a significant share in the market and is anticipated to remain a major market in the forecast period as well. This can be attributed to the increasing military expenditure of the United States of America, along with the growing R&D activities in the nation, owing to the rising challenges faced by it pertaining to terrorism. Russia and China are also likely to be significant markets for close-in weapon systems as these countries have witnessed a surge in spending on weapon systems. The growing ambition of China towards maintaining its dominance in the oceans is likely to be a major factor driving the growth of the market.

Close-In Weapon Systems (CIWS): Market Segmentation

Close-in weapon systems (CIWS) are defined as a defence system, typically mounted on a shipboard, which is used for detecting and destroying short-range incoming missiles. It is usually installed in large warships and can be gun-based or missile-based.

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Based on type, the market is divided into:

• Gun Based
• Missile Based

On the basis of platform, the industry is segmented into:

• Terrestrial
• Navy

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Military Expenditure in Both Developing and Developed Economies to Boost the Growth of the Close-In Weapon Systems (CIWS) Industry

The global market for close-in weapon systems (CIWS) is being driven by the increasing military expenditure in various developed and developing economies, in order to protect the sovereignty of the nation by defending the country’s borders from any outside aggression and enhance the military capabilities of the nation. The market will further be aided by the growing risk of international conflicts.

Key Industry Players in the Global Close-In Weapon Systems (CIWS) Market

The report gives a detailed analysis of the following key players in the global close-in weapon systems (CIWS) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ASELSAN A.S.
• BAE Systems.
• General Dynamics Corporation
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report