Close-in Weapon Systems Market Positive Demand Outlook, Supportive Valuations | Thales Group, Rheinmetall AG, Raytheon Company

Global Close-in Weapon Systems Market is segmented by Type (Gun-based and Missile-based), Platform (Terrestrial and Naval), Regional Forecasts 2021-2027, The ' Close-in Weapon Systems market' research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Close-in Weapon Systems market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Close-in Weapon Systems market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.

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Global Close in Weapon Systems Market to reach USD 10.98 billion by 2027.Global Close in Weapon Systems Market is valued approximately at USD 5.35 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.81% over the forecast period 2021-2027.

A close-in weapon system is a point-defense weapon system placed on a navy warship that is meant to identify and kill short-range incoming missiles and enemy aircraft that have breached the outer defence. CIWS systems are installed on almost every group of bigger modern warships. There are two different types of CIWS systems in use. A gun-based CIWS generally comprises of a spinning turret equipped with radars, computers, and multi-barrel rotary guns. Missile-based CIWS direct missiles to target enemy aircraft or other threats using infrared, passive radar, or semi-active radar terminal guidance. The market is driven by increase in the global military fleet, internal and external security threats and growing instances of asymmetric warfare. For instance, The Canadian government approved Raytheon a USD 570 million contract in January 2018 for the maintenance and modernization of 21 Phalanx Close-in Weapon Systems installed on the navy fleet.

Furthermore, rise in government investment in private companies propel the market growth further. Under the Make in India programme, the Indian Ministry of Defence (MoD) launched a tender for more than USD 1.5 billion in January 2018 to acquire 61 units of CIWS from local manufacturers. Under the 'buy and make' section of the defence procurement procedure, Indian companies would be allowed to partner with foreign manufacturers to produce weapon systems. However, ongoing economic shutdown may impede market growth over the forecast period of 2021-2027.

In North America, the United States and Canada are major user of CIWS, and they are currently updating their existing vehicle fleets and capabilities. The US defence budget for FY2021 prioritizes military system development in order to compete with China and Russia on the worldwide scene, while also focusing on day-to-day operations for ongoing wars, crisis response, and partner involvement. Defense contractors are expected to pursue the manufacture of existing CIWS while performing substantial R&D for future systems, according to the defence budget provisions for 2021.

Major market player included in this report are:
• Thales Group
• Rheinmetall AG
• Raytheon Company
• Northrop Grumman Corporation
• Mbda, Inc.
• Leonardo SPA
• General Dynamics Ordnance And Tactical Systems
• Denel Land Systems
• Bae Systems
• Aselsan A.S

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
• Gun-based
• Missile-based
By Platform:
• Terrestrial
• Naval

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

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Key Points:
Define, describe and forecast product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.

Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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Table of Content:
• Market Definition and Overview
• Research Method and Logic
• Market Competition Analysis
• Product and Service Analysis
• Strategies for Company to Deal with the Impact of COVID-19
• Market Segment by Type, Historical Data, and Market Forecasts
• Market Segment by Application, Historical Data, and Market Forecasts
• Market by Region, Historical Data, and Market Forecasts
• Market Dynamic Analysis and Development Suggestions
Key Benefits for Industry Participants & Stakeholders
• Market Research allows the investors to understand the market size, dynamics, risks, and opportunities in the industry.
• The market research report provides market sizing and forecast over major currencies - USD, EUR, JPY, GBP, and CHF.
• This Market Research Report helps to forecast the revenues and analyse the market trends based on region, product type, and end-use.
• The Market analysis of the market share of can proves beneficial in terms of profit to the industry's participants and stakeholders.

Continued….
……..and view more in complete table of Contents

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