Fast Attack Craft Market SWOT Analysis by Key Players: 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 Heav

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.

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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.

The global Fast Attack Craft market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

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This report studies the Fast Attack Craft market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fast Attack Craft in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

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

By the product type, the market is primarily split into

Missile Armed FAC

Non-Missile Armed FAC

By the end users/application, this report covers the following segments

National Defense

Fighting

Other

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