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. Read More

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. Read More

Who are the key players in Close-in Weapon Systems Market?

BAE Systems plc, Leonardo S.p.A., RTX Corporation, THALES and ASELSAN A.S. are the major companies operating in the Close-in Weapon Systems Market. Read More

Which is the fastest growing region in Close-in Weapon Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Close-in Weapon Systems Market?

In 2024, the North America accounts for the largest market share in Close-in Weapon Systems Market. Read More

What years does this Close-in Weapon Systems Market cover, and what was the market size in 2023?

In 2023, the Close-in Weapon Systems Market size was estimated at USD 6.43 billion. The report covers the Close-in Weapon Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Close-in Weapon Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Close-in Weapon Systems Market Size & Share Analysis - Industry Research Report

Close-in Weapon Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Close-In Weapon Systems Market is Segmented by Type (Gun-Based and Missile-Based), Platform (Terrestrial and Naval), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Close-in Weapon Systems Industry Overview

The close-in weapon systems market is consolidated due to the presence of a few players holding significant shares. Some of the key players in the market are RTX Corporation, Leonardo S.p.A, BAE Systems plc, THALES, and ASELSAN A.S. The growing demand for CIWS is fostering R&D for new optronics and sensor subsystems. Meanwhile, companies are trying to expand their geographical presence in emerging markets such as Asia-Pacific, along with a dedicated product portfolio for the CIWS systems.

For instance, RTX Corporation offers the Phalanx Weapon System, a rapid-fire, computer-controlled, radar-guided gun that can defeat anti-ship missiles and other close-in threats on land and at sea. With such dedicated systems, the company has established a prominent role as a popular provider of CIWS systems across various geographies of the market, with countries like South Korea anticipated to procure the systems in the coming future. Players from countries like India and Japan, among others, are looking to collaborate with foreign manufacturers to build the weapon systems, and this provides growth opportunities to the foreign players to enhance their geographical reach in the years to come.