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Global Close-In Weapon Systems (CIWS) Market: By Type: Gun Based, Missile Based; By Platform: Terrestrial, Navy; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Close-In Weapon Systems (CIWS) Market Outlook
The global close-in weapon systems (CIWS) market attained a value of USD 5.4 billion in 2020. The market is expected to grow at a CAGR of 11.7% in the forecast period of 2021-2026 to reach a value of USD 10.5 billion by 2026.
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.
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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): Industry Definition and 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.
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.
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 industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Close-In Weapon Systems (CIWS) Market Analysis
8.1 Key Industry Highlights
8.2 Global Close-In Weapon Systems (CIWS) Historical Market (2016-2020)
8.3 Global Close-In Weapon Systems (CIWS) Market Forecast (2021-2026)
8.4 Global Close-In Weapon Systems (CIWS) Market by Type
8.4.1 Gun Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Missile Based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Close-In Weapon Systems (CIWS) Market by Platform
8.5.1 Terrestrial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Navy
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Close-In Weapon Systems (CIWS) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 ASELSAN A.S.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 BAE Systems
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 General Dynamics Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Raytheon Technologies Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Lockheed Martin Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Close-In Weapon Systems (CIWS) Market: Key Industry Highlights, 2016 and 2026
2. Global Close-In Weapon Systems (CIWS) Historical Market: Breakup by Type (USD Million), 2016-2020
3. Global Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Type (USD Million), 2021-2026
4. Global Close-In Weapon Systems (CIWS) Historical Market: Breakup by Platform (USD Million), 2016-2020
5. Global Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Platform (USD Million), 2021-2026
6. Global Close-In Weapon Systems (CIWS) Historical Market: Breakup by Region (USD Million), 2016-2020
7. Global Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Region (USD Million), 2021-2026
8. North America Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2016-2020
9. North America Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Europe Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2016-2020
11. Europe Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Asia Pacific Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2016-2020
13. Asia Pacific Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Latin America Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2016-2020
15. Latin America Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Middle East and Africa Close-In Weapon Systems (CIWS) Historical Market: Breakup by Country (USD Million), 2016-2020
17. Middle East and Africa Close-In Weapon Systems (CIWS) Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Global Close-In Weapon Systems (CIWS) Market Structure
Key Questions Answered in the Report
In 2020, the global close-in weapon systems market attained a volume of nearly USD 5.4 billion.
The market is estimated to witness a healthy growth at a CAGR of 11.7% in the forecast period of 2021-2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 10.5 billion by 2026.
The major drivers of the industry, such as the rising military expenditure in both developed and developing countries in order to protect the nation’s sovereignty, the increasing threat of aerial attacks in some countries, growing risk of international conflicts, and the development of cheap missile-based CIWS alternatives are expected to aid the market growth.
The key market trends guiding the growth of the industry includes the technological advancements in the missile defence technology in order to eradicate the aerial or water threats.
The major regions in the industry 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 the product.
Terrestrial and navy are the major platforms of the product in the market.
The major players in the industry are ASELSAN A.S., BAE Systems, General Dynamics Corporation, Leonardo S.p.A., Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others.
Analyst Review
The global close-in weapon systems (CIWS) market attained a value of USD 5.4 billion in 2020, 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 2021-2026, growing at a CAGR of 11.7%. The market is projected to reach USD 10.5 billion by 2026.
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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