Market Size of Close-in Weapon Systems Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.08 Billion |
| Market Size (2029) | USD 11 Billion |
| CAGR (2024 - 2029) | 9.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Close-in Weapon Systems Market Analysis
The Close-in Weapon Systems Market size is estimated at USD 7.08 billion in 2024, and is expected to reach USD 11 billion by 2029, growing at a CAGR of 9.21% during the forecast period (2024-2029).
A close-in weapon system (CIWS) is designed to identify and neutralize incoming short-range missiles and enemy aircraft that have successfully penetrated the outer defense mechanisms. These systems are commonly utilized on naval vessels, and it should be noted that CIWS devices are present on a wide range of modern warships. Experts have pointed out that high-energy lasers now provide a cost-effective solution for targeting asymmetric threats such as unmanned aircraft and small attack boats, accomplishing this task at the speed of light and with exceptional accuracy.
The close-in weapon systems market is anticipated to be driven by a consistent increase in the global military fleet, internal and external security threats, technological innovations, aging global military fleet, joint ventures, and strategic alliances formed to address the specific requirements of the modernization initiatives undertaken by the global armed forces. Moreover, the growing instances of asymmetric warfare and the emphasis on developing advanced warfare systems are the main drivers for the market. However, the design and operational issues regarding the use of automated weaponry including CIWS may challenge the industry in the short term.
Close-in Weapon Systems Industry Segmentation
A CIWS is a point-defense system used to detect, track, and destroy incoming missiles and hostile aircraft within a short range. It acts as the last line of defense and is deployed to prevent the incoming projectile from having a direct impact on the target.
The close-in weapon systems market is segmented based on type, platform, and geography. By type, the market is segmented into gun-based and missile-based systems. By platform, the market is segmented into terrestrial and naval. The report includes both the gun-based and missile-based CIWS systems installed onboard terrestrial assets, such as main battle tanks (MBTs), and naval assets, such as frigates and destroyers. The report also covers the market sizes and forecasts for the close-in weapon systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Type | |
| Gun-based | |
| Missile-based |
| Platform | |
| Terrestrial | |
| Naval |
| Geography | |||||||
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| Rest of the World |
Close-in Weapon Systems Market Size Summary
The close-in weapon systems (CIWS) market is poised for significant growth, driven by the increasing global military fleet and the need to address both internal and external security threats. These systems, essential for neutralizing incoming short-range missiles and enemy aircraft, are predominantly used on naval vessels and are integral to modern warships. The market is experiencing a surge in demand for gun-based CIWS, such as the Pantsir-M and AK-630, due to their advanced capabilities and the rising expenditure on defense. Technological innovations, including high-energy lasers, are enhancing the effectiveness of CIWS by providing cost-effective solutions for targeting asymmetric threats. However, challenges related to the design and operation of automated weaponry may pose short-term obstacles to market growth.
In North America, the focus on enhancing military capabilities is evident, with the US and Canada prioritizing the modernization of their military systems to maintain competitiveness against global powers like China and Russia. The market is characterized by a few key players, including RTX Corporation, Leonardo S.p.A, and BAE Systems plc, who are actively expanding their geographical presence and investing in research and development for new optronics and sensor subsystems. The consolidation of the market is evident as these companies strive to meet the growing demand for CIWS and explore opportunities in emerging markets such as Asia-Pacific. Collaborative efforts between countries like India and Japan with foreign manufacturers are expected to further enhance the market's growth trajectory, providing foreign players with opportunities to expand their reach.
Close-in Weapon Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Gun-based
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2.1.2 Missile-based
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2.2 Platform
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2.2.1 Terrestrial
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2.2.2 Naval
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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Close-in Weapon Systems Market Size FAQs
How big is the Close-in Weapon Systems Market?
The Close-in Weapon Systems Market size is expected to reach USD 7.08 billion in 2024 and grow at a CAGR of 9.21% to reach USD 11 billion by 2029.
What is the current Close-in Weapon Systems Market size?
In 2024, the Close-in Weapon Systems Market size is expected to reach USD 7.08 billion.
