The global close-in weapon systems market is anticipated to grow at a CAGR of 7.8% during the forecast period. One of the key factors that are thriving the market is the growing air attacks. Countries such as the US, China, India, Russia, Israel, and others have been using air strikes more often in the rising tension among nations. For instance, in April 2022, Russian authorities suspected Ukraine of air striking an oil depot in the Russian area. Furthermore, in June 2022, Ukraine authorities stated that Russia strike missiles at Belarus "to further drag Belarus into the war against Ukraine.” Such attacks have also been contributed by the growing air defense budgets of most countries. For instance, the Indian Air Force (IAF) had been allocated $12.8 billion for the year 2021-22, which was $11.7 billion for the year 2020-2021.
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This has increased the concern of most countries about attacks and has been focusing on developing, and adopting close-in weapon systems in their defense to avoid such attacks and reduce causalities. For instance, in March 2022, Raytheon Technologies Corp. is to overhaul and upgrade radar-guided and computer-controlled Gatling guns that defend surface warships from manned aircraft, anti-ship missiles, and drones under terms of a $93.6 million order informed. Officials of the Naval Sea Systems Command, Washington, asked the Raytheon Missiles & Defense segment in Tucson, Ariz., for MK 15 Close-In Weapon System (CIWS) upgradation, overhaul, conversion, and hardware.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Platform
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- ASELSAN A.?., BAE Systems plc, Leonardo S.p.A., Raytheon Technologies Corp., and Thales S.A.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Close-In Weapon Systems Market Report by Segment
By Type
By Platform
Global Close-In Weapon Systems Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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