Market Share of Close-in Weapon Systems Industry
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.
Close-in Weapon Systems Market Leaders
BAE Systems plc
Leonardo S.p.A.
RTX Corporation
THALES
ASELSAN A.S.
*Disclaimer: Major Players sorted in no particular order
