Fast attack craft (FAC) are small, fast, agile, and attack-capable warships, which are armed with anti-ship missiles, guns, or torpedoes. FAC are generally operated in the coastal regions as they lack the defensive capabilities to survive in the blue waters. The major benefit of such ships over other warships is their affordability and speed. These boats, when armed with guided missiles, are capable of posing threats to even large capital ships.
The missile armed FAC segment accounted for the major shares and dominated this market. The low cost of these boats allows defense authorities to deploy a larger base of missile-armed FAC in their coastlines. The rising arms race and increasing sea-border threats that is inducing countries such as Iran, North Korea, Egypt, China, and India to add such fast attack ships to their naval inventories will drive market growth in the coming years.
In terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the forecast period. The growing security threats through maritime routes that induces several countries in EMEA to deploy fast attack boats in the neighboring seas to ensure immediate action during attacks, will boost the market’s growth prospects in this region during the predicted period.
In 2019, the market size of Fast Attack Craft is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Fast Attack Craft.
This report studies the global market size of Fast Attack Craft, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Fast Attack Craft production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
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
Market Segment by Product Type
Missile Armed FAC
Non-Missile Armed FAC
Market Segment by Application
National Defense
Fighting
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Fast Attack Craft status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Fast Attack Craft manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Fast Attack Craft are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Fast Attack Craft. Industry analysis & Market Report on Fast Attack Craft is a syndicated market report, published as Global (United States, European Union and China) Fast Attack Craft Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Fast Attack Craft market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.