Industry WatchGear And Accessories
Close-In Weapon Systems Market Forecasts Strong Growth
Naval and missile-based CIWS projected to nearly double market value by 2033
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✍️By ZRIntel Editorial Team📍Global
GLOBAL The global Close-In Weapon Systems (CIWS) market, valued at $7.5 billion in 2024, is projected to reach $17.7 billion by 2033, representing a CAGR of 9.07%. Growth is driven by rising defense budgets, increased threats from drones and advanced missiles, and modernization of naval fleets. Key players like Raytheon Technologies, BAE Systems, Thales Group, Leonardo, and General Dynamics are integrating advanced radar, automated targeting, and hybrid gun-missile solutions. Both gun-based and missile-based systems are benefiting from R&D aimed at faster reaction times and better multi-target tracking. Geopolitical tensions, particularly in maritime choke points, are prompting nations to invest in both new installations and upgrades. The markets expansion is supported by naval, airborne, and land platforms, with radar and fire control systems among the top growth components.