Close-In Weapon Systems (CIWS) Market Share, Growth Opportunities, Trends, and Forecast 2024-2032

IMARC Group’s latest report, titled “Close-In Weapon Systems (CIWS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the close-in weapon systems (CIWS) market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The global close-in weapon systems (CIWS) market size reached US$ 6.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.08% during 2024-2032.

Close-In Weapon Systems (CIWS) Market Trends:

The global market is primarily propelled by an escalating geopolitical tension. In line with this, increased global military expenditure drive the demand for advanced defense systems to protect naval and ground assets, which is fostering market growth. Similarly, the ongoing advancement of missile technology necessitating the development of more sophisticated Close-In Weapon Systems (CIWS) to intercept and neutralize threats effectively is supporting the market expansion. The rising adoption of CIWS in emerging economies aiming to modernize their defense capabilities further expands the market. Furthermore, the integration of CIWS with other defense systems for layered security strategies amplifies its market demand. The increasing focus on naval security due to threats from asymmetric warfare and piracy supports the deployment of CIWS on warships is catalyzing market development. Likewise, the expansion of military alliances and defense cooperation agreements among countries encourages the sharing and adoption of CIWS technologies, which is creating a positive market outlook.

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Leading key Players Operating in the Close-In Weapon Systems (CIWS) Industry:

• RTX Corporation

• Rheinmetall AG

• Thales Group

Close-In Weapon Systems (CIWS) Market Growth Analysis:

In terms of market scope, the growth is driven primarily by the escalating need for sophisticated defensive solutions against advanced aerial, surface, and underwater threats. The market scope is also segmented by platform, including naval, ground, and airborne, with naval platforms accounting for the largest share due to the critical need to protect maritime assets. Furthermore, the proliferation of drone threats and the need for high-precision targeting systems have propelled the demand for more advanced CIWS solutions, particularly those that can seamlessly integrate with existing military infrastructure. Moreover, the increasing focus on cost-effective maintenance and upgrade paths for CIWS to extend their operational lifespan without compromising performance also contributes to market scope expansion. As per the market analysis, the environmental considerations and regulations surrounding military exercises and operations are prompting the development of more environmentally friendly CIWS technologies that minimize ecological impact. Additionally, the rise in joint military exercises and strategic alliances enhances interoperability standards among allied nations, is prompting growth in market scope.

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Key Market Segmentation:

Breakup by Type:

• Gun-based

• Missile-based

Breakup by Platform:

• Terrestrial

• Navy

Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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