Reports
Global Close-in Weapon Systems (CIWS) Market Size, Forecast: By Type: Gun Based, Missile Based; By Platform: Terrestrial, Navy; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Platform, Region |
| Breakup by Type | Gun Based, Missile Based |
| Breakup by Platform | Terrestrial, Navy |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ASELSAN A.S., BAE Systems, General Dynamics Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Close-In Weapon Systems (CIWS) Market Analysis
8.1 Key Industry Highlights
8.2 Global Close-In Weapon Systems (CIWS) Historical Market (2018-2023)
8.3 Global Close-In Weapon Systems (CIWS) Market Forecast (2024-2032)
8.4 Global Close-In Weapon Systems (CIWS) Market by Type
8.4.1 Gun Based
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Missile Based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Close-In Weapon Systems (CIWS) Market by Platform
8.5.1 Terrestrial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Navy
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Close-In Weapon Systems (CIWS) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Close-In Weapon Systems (CIWS) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Close- In Weapon Systems (CIWS) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Close-In Weapon Systems (CIWS) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Close-In Weapon Systems (CIWS) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Close-In Weapon Systems (CIWS) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ASELSAN A.S.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BAE Systems
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 General Dynamics Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Raytheon Technologies Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lockheed Martin Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Close-In Weapon Systems (CIWS) Market: Key Industry Highlights, 2018 and 2032
2. Global Close-In Weapon Systems (CIWS) Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Close-In Weapon Systems (CIWS) Historical Market: Breakup by Platform (USD Million), 2018-2023
5. Global Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Platform (USD Million), 2024-2032
6. Global Close-In Weapon Systems (CIWS) Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Close-In Weapon Systems (CIWS) Market Structure
Key Questions Answered in the Report
In 2023, the global close-in weapon systems market attained a volume of nearly USD 7.53 billion.
The market is estimated to witness a healthy growth at a CAGR of 11.7% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 20.39 billion by 2032.
The major drivers of the market include the rising military expenditure in both developed and developing countries in order to protect national sovereignty, increasing threat of aerial attacks, and the growing risk of international conflicts.
The key trends guiding the growth of the market include technological advancements in missile defence technology in order to eradicate the aerial or water threats and the development of low cost missile-based CIWS alternatives.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Gun based and missile based are the significant types of close-in weapon systems.
Terrestrial and navy are the major platforms of close-in weapon systems in the market.
The key players in the global close-in weapon systems market are ASELSAN A.S., BAE Systems, General Dynamics Corporation, Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others.
Analyst Review
The global close-in weapon systems (CIWS) market attained a value of USD 7.53 billion in 2023, driven by the rising military expenditure in both developed and developing countries. Aided by the technological advancements in the missile defence technology, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 11.7%. The market is projected to reach USD 20.39 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into gun based and missile based. On the basis of platform, the market is divided into terrestrial and navy. The major regional markets for close-in weapon systems are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ASELSAN A.S., BAE Systems, General Dynamics Corporation, Leonardo S.p.A., Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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