According to Cognitive Market Research, the global Close-In Weapon System CIWS Market size is USD 7251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2175.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1667.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 362.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 145.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The missile-based system held the highest Close-In Weapon System CIWS Market revenue share in 2024.
