Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What key factors are powering the surge in the fast attack craft market right now?

The market size of fast attack crafts has seen considerable growth in the past few years. It is anticipated to escalate from $5.49 billion in 2024 to $5.85 billion in 2025, marking a compound annual growth rate (CAGR) of 6.7%. Factors such as maritime security issues, geopolitical disputes, the safeguarding of exclusive economic zones (EEZ), countering asymmetrical threats, and the modernization of naval fleets contributed to this surge in the historical period.

How fast Is the fast attack craft market expected to grow, and what’s its future value?

Expectations point towards considerable expansion to the fast attack craft market in the years to come. The market is predicted to reach “$7.46 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. The upturn during the prediction period can be ascribed to the advent of new naval threats, sustained regional tension, concentration on coastal defense, upgrade schemes, and naval force projection. The forecast period is likely to witness significant trends such as the rising use of composite materials, incorporation of advanced sensors, emphasis on multi-mission capabilities, cooperative and shared development projects, along with sustainability and fuel efficacy drives.

Get your fast attack craft market report here!

https://www.thebusinessresearchcompany.com/report/fast-attack-craft-global-market-report

What are the leading drivers of growth in the fast attack craft market?

The escalation in maritime safety is projected to stimulate the expansion of the fast attack craft market. Maritime security involves safeguarding ships and ensuring safety against sea crimes. A quick assault ship aids in maritime protection in regions where ships and maritime activities require defense against terrorism, theft, piracy, and unauthorized trafficking of commodities and individuals. For example, the International Chamber of Commerce, a France-based body, recorded an increase in the number of piracy and armed robbery attacks against ships in June 2023, with 65 incidents in the first half of 2023 as opposed to 58 occurrences in the same period in 2022. Hence, the increased maritime security is boosting the growth of the fast attack craft market.

What are the key segments defining the fast attack craft market?

The fast attack craft market covered in this report is segmented –

1) By Type: Missile Armed Fast Attack Craft (FAC), Non-Missile Armed Fast Attack Craft (FAC), Other Types

2) By Weapon: Missile, Torpedo, Gun, Other Weapons

3) By Distribution Channel: OEM (Original Equipment Manufacturer), After market

4) By Application: National Defense, Technical Research, Fighting, Other Applications

Subsegments:

1) By Missile Armed Fast Attack Craft (FAC): Guided Missile Boats, Anti-Ship Missile Platforms, Surface-To-Surface Missile Armed FAC

2) By Non-Missile Armed Fast Attack Craft (FAC): Gunboats, Patrol Boats, Interceptor Boats

3) By Other Types: Hybrid Fast Attack Craft, Unmanned Fast Attack Craft, Support And Auxiliary Craft

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=10674&type=smp

Who are the key players steering the development of the fast attack craft market?

Major companies operating in the fast attack craft market include BAE Systems plc,Fr. Lurssen Werft GmbH,Navantia SA,CMN Group,China Shipbuilding And Offshore International Co. Ltd.,Garden Reach Shipbuilders and Engineers Ltd.,Damen Holding B.V.,Fincantieri S.p.A.,Goa Shipyard Limited,Hanjin Heavy Industries and Construction Holdings Co. Ltd.,Mitsubishi Heavy Industries Ltd.,Daewoo Shipbuilding and Marine Engineering Co. Ltd.,Fassmer GmbH and Co. KG,Kangnam Corporation,L&T Shipbuilding Limited,Northrop Grumman Corporation,Austal Limited,Huntington Ingalls Industries Inc.,Lockheed Martin Corporation,General Dynamics Corporation,Boustead Naval Shipyard Sdn. Bhd.,COTECMAR,EDGE PJSC Group,Israel Shipyards Ltd.,Hyundai Heavy Industries Co. Ltd.,Kawasaki Heavy Industries,Mazagon Dock Shipbuilders Limited,Swiftships LLC,ThyssenKrupp Marine Systems,United Shipbuilding Corporation,Karachi Shipyard & Engineering Works Limited,Thales Group

What emerging trends are influencing the growth of the fast attack craft market?

Product innovation is emerging as a prominent trend in the rapid-attack craft market. The major market players are focusing on designing innovative and superior quality attack crafts to maintain their market supremacy. To exemplify, KRI Golok, a stealth trimaran fast attack craft, was unveiled by North Sea Boats, a boat manufacturing firm based in Indonesia, for the Indonesian Navy’s use. The fast attack craft (FAC) employs a modern wave-piercing design within its trimaran framework. Its wider beam brings stability and allows the vessel to slice through waves instead of surmounting them. This blend of qualities reduces pitching and rolling, offering a stable weapons platform, whilst enabling the vessel to sustain higher average speeds comfortably and safely under harsh weather conditions. The craft also incorporates stealth design components that minimize detection by reducing Radar, Infrared, Acoustic, and Magnetic signatures.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10674

Which regions are most influential in expanding the fast attack craft market?

Asia-Pacific was the largest region in the fast-attack craft market in 2024. The regions covered in the fast attack craft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Browse Through More Similar Reports By The Business Research Company:

Aircraft Electrification Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/aircraft-electrification-global-market-report

Cybersecurity Services Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/cybersecurity-services-global-market-report

eVTOL Aircraft Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/evtol-aircraft-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: