Market Overview:
The global fast attack craft market is estimated to be USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of X.X%, during the forecast period. The growth of the global fast attack craft market can be attributed to the increasing demand for fast attack crafts for national defense and fighting applications across the globe. Based on type, the missile armed FAC segment is projected to lead the global Fast Attack Craft (FAC) market during the forecast period. Missile armed FACs are equipped with advanced weapons systems that can engage targets from a distance, making them suitable for use in high-threat environments.
Product Definition:
A fast attack craft (FAC) is a small, highly maneuverable watercraft used for reconnaissance, screening and attacking enemy targets such as ships, submarines and land targets. FACs are usually armed with light weapons such as machine guns or mortars but may also be equipped with anti-ship missiles. The importance of fast attack craft lies in their ability to exploit the weaknesses of larger naval vessels by using speed and agility to get close to the target before launching an attack.
Missile Armed FAC:
The Missile Armed Fast Attack Craft (MAFAC) is a ship-based, short-range air defense missile system. It was developed by the U.S. as an alternative to the Harpoon anti-ship missile for use against enemy ships and boats in land or sea battle areas that are beyond the range of shore batteries but require close air support.
Non-Missile Armed FAC:
Non-missile armed FAC is a vessel, which is designed for fast attack and has no offensive weapons. It can be used in anti-surface warfare, anti-submarine warfare and coastal defense applications. The term “Fast Attack Craft” (FAC) was first used in the Vietnam War where they were called Swift Boats.
Application Insights:
The national defense application segment led the market and accounted for more than 55% share of the global revenue in 2017. The growing need for fast attack craft with enhanced capabilities to tackle emerging security challenges is expected to drive demand over the forecast period.
The other applications include civil-military operations (CMO) and fighting applications. In recent years, there has been a rise in CMO operations as an integral part of United Nations (UN) peacekeeping missions around the world owing to their low cost, ease of deployment and rapid response times that enable them to act quickly in case of emergencies or disasters. This is expected to further fuel product demand during the forecast period as countries continue their efforts toward becoming a member state of UNO.
Regional Analysis:
North America dominated the global fast attack craft market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period as well owing to presence of prominent naval powers such as the U.S., Canada, and Mexico among others. Asia Pacific is anticipated to witness a significant growth rate during the forecast period due to increasing geopolitical tensions between China and India along their disputed border, growing interest of regional countries on purchasing from American manufacturers, and improving defense budgets across emerging economies including Indonesia, Vietnam among others are some factors driving regional growth. Moreover, rising terrorist activities by Islamic State group have led several nations across Asia Pacific including Australia & New Zealand for seeking assistance from U.S.
Europe was valued at USD X million in 2017 owing to presence of major aircraft makers such as Airbus S . A .
Growth Factors:
- Increasing demand for fast attack crafts from the military and law enforcement agencies due to their capabilities of high speed interception and surveillance.
- Growing popularity of fast attack crafts as a cost-effective platform for maritime security operations owing to its low acquisition and operational costs.
- Proliferation of illicit activities at sea, such as smuggling, piracy, and drug trafficking is driving the demand for fast attack crafts worldwide.
- Development of advanced technologies in fast attack craft design that offers enhanced stealth features, speed, agility, and firepower is expected to fuel the growth of this market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fast Attack Craft Market Research Report
By Type
Missile Armed FAC, Non-Missile Armed FAC
By Application
National Defense, Fighting, Other
By Companies
BAE Systems, Damen Shipyards Group, Fincantieri, Goa Shipyard Limited (GSL), Navantia, CMN Group, Garden Reach Shipbuilders and Engineers, Lurssen, China Shipbuilding and Offshore Company, Hanjin Heavy Industries & Construction, BAE Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Fast Attack Craft Market Report Segments:
The global Fast Attack Craft market is segmented on the basis of:
Types
Missile Armed FAC, Non-Missile Armed FAC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
National Defense, Fighting, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE Systems
- Damen Shipyards Group
- Fincantieri
- Goa Shipyard Limited (GSL)
- Navantia
- CMN Group
- Garden Reach Shipbuilders and Engineers
- Lurssen
- China Shipbuilding and Offshore Company
- Hanjin Heavy Industries & Construction
- BAE Systems
Highlights of The Fast Attack Craft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Missile Armed FAC
- Non-Missile Armed FAC
- By Application:
- National Defense
- Fighting
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fast Attack Craft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fast Attack Craft is a naval term for small, fast vessels used to provide close-in support to larger ships. They are typically armed with missiles and guns, and are designed for speed and maneuverability in tight spaces.
Some of the major players in the fast attack craft market are BAE Systems, Damen Shipyards Group, Fincantieri, Goa Shipyard Limited (GSL), Navantia, CMN Group, Garden Reach Shipbuilders and Engineers, Lurssen, China Shipbuilding and Offshore Company, Hanjin Heavy Industries & Construction, BAE Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fast Attack Craft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fast Attack Craft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fast Attack Craft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fast Attack Craft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fast Attack Craft Market Size & Forecast, 2020-2028
4.5.1 Fast Attack Craft Market Size and Y-o-Y Growth
4.5.2 Fast Attack Craft Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Missile Armed FAC
5.2.2 Non-Missile Armed FAC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 National Defense
6.2.2 Fighting
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fast Attack Craft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fast Attack Craft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Missile Armed FAC
9.6.2 Non-Missile Armed FAC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 National Defense
9.10.2 Fighting
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Missile Armed FAC
10.6.2 Non-Missile Armed FAC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 National Defense
10.10.2 Fighting
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Missile Armed FAC
11.6.2 Non-Missile Armed FAC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 National Defense
11.10.2 Fighting
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Missile Armed FAC
12.6.2 Non-Missile Armed FAC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 National Defense
12.10.2 Fighting
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Missile Armed FAC
13.6.2 Non-Missile Armed FAC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 National Defense
13.10.2 Fighting
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fast Attack Craft Market: Competitive Dashboard
14.2 Global Fast Attack Craft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 Damen Shipyards Group
14.3.3 Fincantieri
14.3.4 Goa Shipyard Limited (GSL)
14.3.5 Navantia
14.3.6 CMN Group
14.3.7 Garden Reach Shipbuilders and Engineers
14.3.8 Lurssen
14.3.9 China Shipbuilding and Offshore Company
14.3.10 Hanjin Heavy Industries & Construction
14.3.11 BAE Systems
