Fast Attack Craft Market Research Report Information - Forecast to 2027

Fast Attack Craft Market Research Report: By Application (Missile armed FAC and Non-missile armed FAC), by End User (National Defense, Fighting, and Others), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America)-Forecast till 2027

ID: MRFR/A&D/3181-HCR | August 2022 | Region: Global | 111 Pages         

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Fast Attack Craft Market, by Type

1.1.2. Global Fast Attack Craft Market, by Application

1.1.3. Global Fast Attack Craft Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Intensity of Rivalry

6.2.5. Bargaining Power of Suppliers

7. Global Fast Attack Craft Market, by Type

7.1. Introduction

7.2. Missile armed FAC

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3. Non-missile armed FAC

7.3.1. Market Estimates & Forecast, 2020-2027

7.3.2. Market Estimates & Forecast, by Region, 2020-2027

8. Global Fast Attack Craft Market, by Application

8.1. Introduction

8.2. National Defense

8.2.1. Market Estimates & Forecast, 2020-2027

8.2.2. Market Estimates & Forecast, by Region, 2020-2027

8.3. Fighting

8.3.1. Market Estimates & Forecast, 2020-2027

8.3.2. Market Estimates & Forecast, by Region, 2020-2027

8.4. Others

8.4.1. Market Estimates & Forecast, 2020-2027

8.4.2. Market Estimates & Forecast, by Region, 2020-2027

9. Global Fast Attack Craft Market, by Region

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, by Country, 2020-2027

9.2.2. Market Estimates & Forecast, by Type, 2020-2027

9.2.3. Market Estimates & Forecast, by Application, 2020-2027

9.2.4. US

9.2.4.1. Market Estimates & Forecast, by Type, 2020-2027

9.2.4.2. Market Estimates & Forecast, by Application, 2020-2027

9.2.5. Canada

9.2.5.1. Market Estimates & Forecast, by Type, 2020-2027

9.2.5.2. Market Estimates & Forecast, by Application, 2020-2027

9.3. Europe

9.3.1. Market Estimates & Forecast, by Country, 2020-2027

9.3.2. Market Estimates & Forecast, by Type, 2020-2027

9.3.3. Market Estimates & Forecast, by Application, 2020-2027

9.3.4. UK

9.3.4.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.4.2. Market Estimates & Forecast, by Application, 2020-2027

9.3.5. Germany

9.3.5.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.5.2. Market Estimates & Forecast, by Application, 2020-2027

9.3.6. France

9.3.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.6.2. Market Estimates & Forecast, by Application, 2020-2027

9.3.7. Italy

9.3.7.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.7.2. Market Estimates & Forecast, by Application, 2020-2027

9.3.8. Rest of Europe

9.3.8.1. Market Estimates & Forecast, by Type, 2020-2027

9.3.8.2. Market Estimates & Forecast, by Application, 2020-2027

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, by Country, 2020-2027

9.4.2. Market Estimates & Forecast, by Type, 2020-2027

9.4.3. Market Estimates & Forecast, by Application, 2020-2027

9.4.4. China

9.4.4.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.4.2. Market Estimates & Forecast, by Application, 2020-2027

9.4.5. Japan

9.4.5.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.5.2. Market Estimates & Forecast, by Application, 2020-2027

9.4.6. India

9.4.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.6.2. Market Estimates & Forecast, by Application, 2020-2027

9.4.7. Australia

9.4.7.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.7.2. Market Estimates & Forecast, by Application, 2020-2027

9.4.8. Rest of Asia-Pacific

9.4.8.1. Market Estimates & Forecast, by Type, 2020-2027

9.4.8.2. Market Estimates & Forecast, by Application, 2020-2027

9.5. Middle East & Africa

9.5.1. Market Estimates & Forecast, by Country, 2020-2027

9.5.2. Market Estimates & Forecast, by Type, 2020-2027

9.5.3. Market Estimates & Forecast, by Application, 2020-2027

9.5.4. Saudi Arabia

9.5.4.1. Market Estimates & Forecast, by Type, 2020-2027

9.5.4.2. Market Estimates & Forecast, by Application, 2020-2027

9.5.5. UAE

9.5.5.1. Market Estimates & Forecast, by Type, 2020-2027

9.5.5.2. Market Estimates & Forecast, by Application, 2020-2027

9.5.6. Rest of Middle East & Africa

9.5.6.1. Market Estimates & Forecast, by Type, 2020-2027

9.5.6.2. Market Estimates & Forecast, by Application, 2020-2027

9.6. Latin America

9.6.1. Market Estimates & Forecast, by Country, 2020-2027

9.6.2. Market Estimates & Forecast, by Type, 2020-2027

9.6.3. Market Estimates & Forecast, by Application, 2020-2027

9.6.4. Brazil

9.6.4.1. Market Estimates & Forecast, by Type, 2020-2027

9.6.4.2. Market Estimates & Forecast, by Application, 2020-2027

9.6.5. Rest of Latin America

9.6.5.1. Market Estimates & Forecast, by Type, 2020-2027

9.6.5.2. Market Estimates & Forecast, by Application, 2020-2027

10. Competitive Landscape

10.1. Competitive Overview

10.2. Competitor Dashboard

10.3. Major Growth Key Strategies in the Global Fast Attack Craft Market

10.4. Competitive Benchmarking

10.5. Market Share Analysis

10.6. Leading Player in terms of Number of Developments in Global Fast Attack Craft Market

10.7. Key Developments & Growth Strategies

10.7.1. New Product Launch/Service Deployment

10.7.2. Merger & Acquisition

10.7.3. Joint Ventures

11. Company Profiles

11.1. Key Market Players

11.1.1. China Shipbuilding & Offshore International Co. Ltd

11.1.1.1. Company Overview

11.1.1.2. Product Offering

11.1.1.3. Financial Overview

11.1.1.4. Key Developments

11.1.1.5. SWOT Analysis

11.1.1.6. Key Strategies

11.1.2. Garden Reach Shipbuilders and Engineers

11.1.2.1. Company Overview

11.1.2.2. Product Offering

11.1.2.3. Financial Overview

11.1.2.4. Key Developments

11.1.2.5. SWOT Analysis

11.1.2.6. Key Strategies

11.1.3. Hanjin Heavy Industries & Construction

11.1.3.1. Company Overview

11.1.3.2. Product Offering

11.1.3.3. Financial Overview

11.1.3.4. Key Developments

11.1.3.5. SWOT Analysis

11.1.3.6. Key Strategies

11.1.4. Damen Shipyards Group

11.1.4.1. Company Overview

11.1.4.2. Product Offering

11.1.4.3. Financial Overview

11.1.4.4. Key Developments

11.1.4.5. SWOT Analysis

11.1.4.6. Key Strategies

11.1.5. CMN Group

11.1.5.1. Company Overview

11.1.5.2. Product Offering

11.1.5.3. Financial Overview

11.1.5.4. Key Developments

11.1.5.5. SWOT Analysis

11.1.5.6. Key Strategies

11.1.6. Fincantieri - Cantieri Navali Italiani SpA

11.1.6.1. Company Overview

11.1.6.2. Product Offering

11.1.6.3. Financial Overview

11.1.6.4. Key Developments

11.1.6.5. SWOT Analysis

11.1.6.6. Key Strategies

 

11.1.7. BAE Systems PLC

11.1.7.1. Company Overview

11.1.7.2. Product Offering

11.1.7.3. Financial Overview

11.1.7.4. Key Developments

11.1.7.5. SWOT Analysis

11.1.7.6. Key Strategies

11.1.8. Navantia

11.1.8.1. Company Overview

11.1.8.2. Product Offering

11.1.8.3. Financial Overview

11.1.8.4. Key Developments

11.1.8.5. SWOT Analysis

11.1.8.6. Key Strategies

11.1.9. Goa Shipyard Limited

11.1.9.1. Company Overview

11.1.9.2. Product Offering

11.1.9.3. Financial Overview

11.1.9.4. Key Developments

11.1.9.5. SWOT Analysis

11.1.9.6. Key Strategies

12. Appendix

12.1. References

12.2. Related Reports

12.3. List of Abbreviation 

List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 MAJOR PATENTS GRANTED FOR FAST ATTACK CRAFT MARKET (15 MAY 2010–15 MAY 2019)

TABLE 3 TYPE: GLOBAL FAST ATTACK CRAFT MARKET, 2020-2027 (USD MILLION)

TABLE 4 APPLICATION: GLOBAL FAST ATTACK CRAFT MARKET, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL FAST ATTACK CRAFT MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 6 NORTH AMERICA: FAST ATTACK CRAFT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 8 NORTH AMERICA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 9 US: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 10 US: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 11 CANADA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 12 CANADA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 13 EUROPE: FAST ATTACK CRAFT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 14 EUROPE: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 15 EUROPE: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 16 UK: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 17 UK: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 18 GERMANY: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 19 GERMANY: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 20 FRANCE: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 21 FRANCE: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 22 ITALY: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 23 ITALY: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 24 REST OF EUROPE: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 25 REST OF EUROPE: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 26 ASIA-PACIFIC: FAST ATTACK CRAFT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 27 ASIA-PACIFIC: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 28 ASIA-PACIFIC: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 29 CHINA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 30 CHINA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 31 INDIA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 32 INDIA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 33 JAPAN: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 34 JAPAN: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 35 AUSTRALIA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 36 AUSTRALIA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 37 REST OF ASIA-PACIFIC: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 38 REST OF ASIA-PACIFIC: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 39 MIDDLE EAST & AFRICA: FAST ATTACK CRAFT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 42 SAUDI ARABIA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 43 SAUDI ARABIA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 44 UAE: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 45 UAE: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 46 REST OF THE MIDDLE EAST & AFRICA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 47 REST OF THE MIDDLE EAST & AFRICA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 48 LATIN AMERICA: FAST ATTACK CRAFT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 49 LATIN AMERICA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 50 LATIN AMERICA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 51 BRAZIL: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 52 BRAZIL: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 53 REST OF LATIN AMERICA: FAST ATTACK CRAFT MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 54 REST OF LATIN AMERICA: FAST ATTACK CRAFT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 55 THE MOST ACTIVE PLAYERS IN THE GLOBAL FAST ATTACK CRAFT MARKET

TABLE 56 CONTRACTS AND AGREEMENTS

TABLE 57 MERGERS & ACQUISITIONS

TABLE 58 PRODUCT DEVELOPMENT

TABLE 59 EXPANSIONS AND INVESTMENTS

TABLE 60 JOINT VENTURES & PARTNERSHIPS

List of Figures

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL FAST ATTACK CRAFT MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIGURE 3 GLOBAL FAST ATTACK CRAFT MARKET ANALYSIS, BY TYPE

FIGURE 4 GLOBAL FAST ATTACK CRAFT MARKET ANALYSIS, BY APPLICATION

FIGURE 6 GLOBAL FAST ATTACK CRAFT MARKET ANALYSIS, BY REGION

FIGURE 7 GLOBAL FAST ATTACK CRAFT MARKET: MARKET STRUCTURE

FIGURE 8 RESEARCH PROCESS OF MRFR

FIGURE 9 NORTH AMERICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 10 EUROPE: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 11 ASIA-PACIFIC: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 12 MIDDLE EAST & AFRICA: MARKET SIZE & MARKET SHARE, BY COUNTRY, 2020 VS 2027

FIGURE 13 LATIN AMERICA: MARKET SIZE & MARKET SHARE, BY REGION, 2020 VS 2027

FIGURE 14 MARKET DYNAMICS OVERVIEW

FIGURE 15 WORLD SEABORNE TRADE, BY REGION, 2020

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL FAST ATTACK CRAFT MARKET

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL FAST ATTACK CRAFT MARKET

FIGURE 18 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL FAST ATTACK CRAFT MARKET

FIGURE 19 SUPPLY CHAIN: GLOBAL FAST ATTACK CRAFT MARKET

FIGURE 20 GLOBAL FAST ATTACK CRAFT MARKET SHARE, BY TYPE, 2020 (% SHARE)

FIGURE 21 GLOBAL FAST ATTACK CRAFT MARKET SHARE, BY APPLICATION, 2020 (% SHARE)

FIGURE 23 GLOBAL FAST ATTACK CRAFT MARKET SHARE, BY REGION, 2020 (% SHARE)

FIGURE 24 NORTH AMERICA: FAST ATTACK CRAFT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 EUROPE: FAST ATTACK CRAFT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 ASIA-PACIFIC: FAST ATTACK CRAFT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: FAST ATTACK CRAFT MARKET SHARE, BY COUNTRY, 2020 (% SHARE

FIGURE 28 LATIN AMERICA: FAST ATTACK CRAFT MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 29 COMPETITOR DASHBOARD: GLOBAL FAST ATTACK CRAFT MARKET

FIGURE 30 CAPITAL MARKET RATIO AND FINANCIAL MATRIX

FIGURE 31 CONTRACTS & AGREEMENTS: THE MAJOR KEY STRATEGIES ADOPTED BY KEY PLAYERS IN THE GLOBAL FAST ATTACK CRAFT MARKET

FIGURE 32 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 36 MAJOR MANUFACTURERS MARKET SHARE ANALYSIS, 2020

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Fast Attack Craft Market Overview          


The global fast attack craft market is registered to generate a higher CAGR for the forecast timeframe of 2018 to 2025. It is a small, agile, fast, and offensive warship armed with anti-ship missiles, guns, or torpedoes. In 2018, the North American global market was dominated, generating a higher market share of 36.68%. In addition, the European market is registered to account for 25.33% market share, and the Asia-Pacific market is projected to meet at 20.11% market share for the year 2018. 

A fast attack craft is a fast, small, and agile warship armed with torpedoes, missiles, anti-ship, and guns. The main advantage of fast attack craft is its affordability as compared to the other warship types. Nowadays, many countries like China, the U.S., Japan, and others emphasize maritime security because of the naval ships procurement plans, delaying many countries' developmental projects and budgetary limitations. This increases the demand for the fast attack craft and the growing demand of the fast attack craft market. Moreover, the companies like China Shipbuilding & Offshore International Co. Ltd and BAE Systems PLC are engaged in developing and designing torpedo boats or missile boats, which are considered platforms with low-cost prices. This is driving the Fast Attack Craft Market Growth for the assessment period. 

According to the Fast Attack Craft Market Analysis report, the intended audiences of the global market are OEMs, consultancy firms, potential investors, equipment or system suppliers, government institutions, key executive and strategy growth managers, technology investors, and end-users. These intended audiences are present in all the regional parts of the world, supporting the growth of the global fast attack craft market. 

Covid-19 Impact Analysis

The Covid-19 pandemic has been hampered the supply chain and manufacturing chain of spare parts of missiles armed fast attack craft (FAC) along with the growth of the fast attack craft market due to the lockdown across various countries. Also, the reduction in Governmental defense spending has been witnessed, which has impacted the global market. This has led to fewer opportunities and less business development potential in the fast attack craft market.

As the world is moving towards the unlock phase, the global market has expected to see a considerable increase in the Fast Attack Craft Market Revenue in the upcoming years. Even the market players and manufacturing industries adopt various safety measures to develop the demand for the fast attack craft product.

Market Dynamics


  • Major Drivers of the Market


The fast attack craft global market is driven by many growth factors, such as the increased development of ship-based missile systems, consistent technological developments, and increasing maritime security among various countries. Moreover, the growing focus on seaborne dominance by a country like China can fuel the growth of the global market in the forecast period. 


A country like India has a very large 2.01 million sqkm Exclusive Economic Zone and a large coastline of 7516 kms with 1197 offshore islands, rich in its resources. Thus, the Indian Government requires a modern and strong Navy to protect its maritime interests. This can enhance the growth of the global fast attack craft market for the forecast period. 



  • Opportunities of the global market


The Fast Attack Craft Market Trends has lucrative opportunities for the manufacturers and market leaders due to the increasing demand for fast attack craft among various countries and increasing emphasis on maritime security.


Thus, the global market is employing new key players to thrive the growth of the global Fast Attack Craft Market Trends in the upcoming years.



  • Market Restraints


This market might experience restraints due to its poor defense against aerial threats, poor seagoing qualities, and cramped quarters. Moreover, the high-cost maintenance of the fast attack craft can be another major restraint for the global market. Additionally, the ongoing Covid-19 pandemic can be a major obstacle as it has affected the growth of the global market.


Therefore, the market restraints require to handle properly by the market players to enhance the global market for the upcoming years. 



  • Market Growth challenges


The high cost and upgrade can be the major challenge for the fast attack craft global market. In addition, the backlogs in the delivery of naval systems can be another biggest challenge for the global market.


As per the Fast Attack Craft Market Forecast report, these challenges can be solved with the collective efforts of the market leaders. That's why the global market is involving new market players in the industry to combat these issues. 


Cumulative growth Analysis


The fast attack craft global market is currently showing significant market growth and is predicted to generate a higher market share during the forecast period. 


As per the Fast Attack Craft Market Forecast report, the regions like North America and the Asia Pacific are playing an important role in the growth of the global market.


Market Segment Overview


This classified based on types and applications.



  • By Types:


Based on the types segment, the fast attack craft market has been divided into the non-missile armed FAC and missile-armed FAC. 


Out of all, the missile-armed FAC segment is registered to meet the 61.44% Fast Attack Craft Market Share for 2018 and is further predicted to generate a higher market share over the upcoming years.



  • By Applications:


The fast attack craft market has been divided into technical research, national defense, fighting, and the application segment.


The national defense segment is projected to account for 77.51% of Fast Attack Craft Market Share for 2018. Further, this segment is expected to generate the highest CAGR for the research period due to the increasing naval operations in the regions such as Europe and Asia-Pacific. 


Regional Analysis


The global market has been segregated into various geographical locations such as:



  • Europe (France, Germany, UK, Russia, Italy, Spain, and the rest of Europe)

  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Egypt, and the rest of MEA)

  • North America (Mexico, U.S., and Canada)

  • South America (Peru, Argentina, Brazil, and Chile)

  • Asia-Pacific (South Korea, India, China, Japan, and the rest of Asia-Pacific).


Among these, the Asia-Pacific market is considered the lucrative region for its naval laser defense eyewear firms. This is because of the increasing demand for naval systems among various countries (Japan, South Korea, China, and India) and the modernization of naval systems. Moreover, the North American region is projected to generate a higher Fast Attack Craft Market Size for the forecast period due to advanced naval systems and components adoption in combat operations.


Competitive landscape Analysis


As per the Fast Attack Craft Market Analysis, the global market has witnessed significant market growth due to the collective efforts of the key leaders. These key leaders are:



  • China Shipbuilding & Offshore International Co Ltd (China), 

  • Garden Reach Shipbuilders and Engineers (India),

  • BAE Systems PLC (U.K.),

  • Hanjin Heavy Industries & Construction (South Korea), 

  • CMN Group (France), 

  • Damen Shipyards Group (Netherlands),

  • Navantia (Spain),

  • Fincantieri - CantieriNavaliItalianiSpA (Italy), 

  • Goa Shipyard Limited (GSL).


These key leaders are adopting regional strategies, promotional ideas, and new product launches to boost the Fast Attack Craft Market Growth in the upcoming years. Moreover, these players are also focusing more on the research and development of the new product to serve better secure and safe products across the countries. 


Recent Developments



  • On 29 August 2012, KRIKlewang (model number X3K) was launched by PT Lundin for the Indonesian Navy.


Report Overview


The Fast Attack Craft Market Outlook report includes primary interviews, secondary research, validation, and data triangulation. Secondary sources like journals, annual reports, SEC filings, aerospace & defense magazines, government associations, corporate presentations, white papers, paid databases, and company websites have been involved. Moreover, the primary sources involved the interviews of the industry stakeholders like directors, marketing executives, CEOs, and V.P.s in obtaining the key important information related to the global market. 


According to the Fast Attack Craft Global Market Outlook report, this report has focused on the market segments, regional classifications, recent developments, and market dynamics to measure the performance of the global market. Furthermore, the report has also highlighted the key strategies of the market leaders that can enhance the Fast Attack Craft Market Size for the research period. 


Segmental Table: 


By Types:



  • non-missile armed FAC

  • missile-armed FAC


By Applications:



  • technical research, 

  • national defense, 

  • fighting

  • others

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Frequently Asked Questions (FAQ) :

Fast Attack Craft Market is anticipated to procure a CAGR of 2% during the review period.

The market has been segmented by missile armed FAC and non-missile armed FAC missile-armed FAC, in terms of applications.

In 2018, the Fast Attack Craft Market was led by North America with 36.68% share.

APAC is a lucrative market for the companies that offer naval laser defense eyewear firms, due to the modernization of naval systems and rising demand from countries such as China, India, Japan, and South Korea.

The top Fast Attack Craft Market end-users are National Defense, Fighting, and more.