The new report by Expert Market Research titled, ‘Global Close-In Weapon Systems Market Size, Share, Price, Trends, Growth Report and Forecast 2021-2026’, gives an in-depth analysis of the global close-in weapon systems (CIWS) market, assessing the market based on its segments like type, platform, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 11.7%
Close-In Weapon Systems (CIWS) market growth is primarily driven by growing military spending in various developed and emerging nations so as to retain national sovereignty by securing borders from outside assault and improving military capabilities. The greater chance of international wars also will boost market growth.
Industry Definition and Major Segments
Close-in weapon systems (CIWS) are defined as a defense system , typically mounted on a shipboard, which is employed for detecting and destroying short-range incoming missiles. it’s usually installed in large warships and may be gun-based or missile-based.
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Based on type, the market can be broadly divided into:
- Gun Based
- Missile Based
The close-in weapon systems (CIWS) market can be broadly divided based on platform into:
- Terrestrial
- Navy
On the Basis of region, the market can be divided into:
- North America
- Europe
- The Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The marketplace for close-in weapon systems (CIWS) is predicted to be driven by a uniform increase within the global military fleet, internal and external security threats, technological innovations, an ageing global military fleet, joint ventures, and strategic alliances formed to deal with the precise requirements of the worldwide armed forces’ modernization initiatives during the forecast period. Close-in weapon systems (CIWS) market expansion is additionally being aided by increased occurrences of asymmetric warfare and a stress on developing complex fighting systems.
Key Market Players
The major players in the market are ASELSAN A.S., BAE Systems, General Dynamics Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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