According to a new report by Expert Market Research titled, “Global Close-In Weapon Systems Market Share, Size, Report and Forecast 2024-2032″, the global close-in weapon systems (CIWS) market size is projected to grow at a CAGR of 11.7% between 2024 and 2032. Aided by the escalating geopolitical tensions and the relentless pursuit of military modernisation by global powers, the market is expected to grow significantly by 2032.
CIWS are highly sophisticated defence systems, primarily designed to detect and destroy incoming threats such as anti-ship missiles, aircraft, and unmanned aerial vehicles (UAVs) at close range. These systems are renowned for their rapid-fire capabilities and advanced radar and sensor suites, enabling them to effectively neutralise threats before they can inflict damage. CIWS are integral to the defence arsenals of naval and ground forces, underscoring their versatility and indispensability in contemporary warfare.
The close-in weapon systems (CIWS) market growth is primarily fuelled by the increasing demand for advanced defence systems amid rising global security concerns. Nations, particularly those in geopolitically volatile regions, are intensifying their defence capabilities in response to emerging threats. This heightened security environment is catalysing investment in CIWS technologies.
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Further impetus for market growth stems from technological advancements in CIWS. Innovations in radar systems, precision targeting, and automation have substantially enhanced the efficacy and reliability of these systems. The integration of Artificial Intelligence (AI) and machine learning algorithms is set to revolutionise CIWS, making them more autonomous and accurate in threat detection and neutralisation.
An emerging close-in weapon systems (CIWS) market trend is the shift towards systems that offer dual functionality – performing both offensive and defensive roles. Such systems provide strategic versatility, enabling forces to adapt quickly to dynamic combat scenarios.
The North American region, led by the United States, holds a dominant position in the CIWS market, attributable to its significant military spending and technological prowess. However, Asia Pacific is emerging as a fast-growing market, driven by escalating regional tensions and rapid military modernisation in countries like China and India.
Looking ahead, the close-in weapon systems (CIWS) market demand is poised for a surge, with a focus on developing more agile, intelligent, and networked systems. The integration of CIWS with broader defence ecosystems, leveraging real-time data and connectivity, will be a key area of evolution. This synergy will enable more coordinated and effective defence strategies, bolstering national and international security paradigms.
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Market Segmentation
The market can be divided based on type, platform, and region.
Market Breakup by Type
• Gun Based
• Missile Based
Market Breakup by Platform
• Terrestrial
• Navy
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global close-in weapon systems (CIWS) market. Some of the major players explored in the report by Expert Market Research are as follows:
• ASELSAN A.S.
• BAE Systems
• General Dynamics Corporation
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Others
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