A close-in weapon system is a point-defense weapon system designed to detect and kill short-range incoming missiles and enemy aircraft that have penetrated the outer defenses, usually mounted on a naval shipboard. Almost all groups of larger modern warships are fitted with some kind of CIWS system. There are two types of CIWS systems in operation. A gun-based CIWS typically consists of a combination of radars, computers, and multi-barrel rotary cannons mounted on a revolving turret. Missile-based CIWS use infrared, passive radar or semi-active radar terminal guidance to direct missiles to strike enemy aircraft or other threats.
MARKET SCOPE
The "Global Close-In Weapon System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the close-in weapon system market with detailed market segmentation by type, platform, armament, technology, and geography. The report provides key statistics on the market status of the leading close-in weapon system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as a gun-based system and missile-based system.
- Based on the platform, the market is segmented into cushion land-based and naval-based.
- On the basis of armament, the market is segmented as 20 mm, 30 mm, 35 mm, 40 mm, and others.
- Based on technology, the market is segmented into radar, active homing, passive homing, infrared and others.
MARKET DYNAMICS
Drivers:
- Rising instances of asymmetrical warfare around the world and growing focus on creating advanced systems of warfare is driving the growth of the close-in weapon systems market.
- Furthermore, integration of advanced technologies such as artificial intelligence with CIWs is anticipated to create market opportunities for the close-in weapon systems market during the forecast period.
Restraints:
- The high cost, and design and operational issues may restrain the growth of the close-in weapon systems market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The close-in weapon system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the close-in weapon system market.
IMPACT OF COVID-19 ON CLOSE-IN WEAPON SYSTEM MARKET
Because the need for CIWS systems is a direct result of the continual procurement and upgrade of the fielded armada of terrestrial and naval platforms, the sanctioned yearly military budget of the countries has a considerable impact. As a result, the COVID-19 pandemic has had only a little influence on the market in consideration. On a short-term basis, the ongoing global economic recession is expected to result in a reduction in defense spending. Major US-based firms, on the other hand, are less likely to be affected by the pandemic's larger supply chain disruption due to current rules and restrictions. Suppliers and MRO service providers in Asia-Pacific and South America, on the other hand, are more susceptible to supply chain disruptions and are expected to encounter operational constraints as well as high financial risk exposure as a result of supply chain bottlenecks.
MARKET PLAYERS
The report covers key developments in the close-in weapon system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from close-in weapon system market are anticipated to lucrative growth opportunities in the future with the rising demand for close-in weapon system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the close-in weapon system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BAE Systems
- Denel Land Systems
- General Dynamics Ordnance and Tactical Systems
- Leonardo SpA
- MBDA, Inc.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Thales Group
- ASELSAN A..