Fast Attack Craft (FAC) Market Trends And Strategies Scrutinize In A New Research Study

A fast attack craft (FAC) is an agile, small, fast, & attack capable warships which is equipped with anti-ship missiles, torpedoes, and guns. The fast attack crafts are used in various operations such as maritime patrol, anti-surface warfare, anti-air warfare, search & rescue operations, and in anti-piracy missions. FACs are generally preferred in coastal regions rather than in middle of ocean, as fast attack craft lacks in defensive capabilities. They are mostly used for attacking roles. When loaded with guided missiles, the fast attack crafts can become big threat to even large capital ships. FAC becomes very effective when used parallel with new advanced warfare systems such as virtual fence, underwater acoustic weapons, multi-static antisubmarine warfare capability enhancement (MACE), and integrated security systems.

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Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

Companies covered
BAE Systems., Goa Shipyard Ltd., Damen Shipyards Group, FINCANTIERI S.p.A., Navantia, Hanjin Heavy Industries & Construction Co. LTD, GRSE., CMN, CSOC, and Lürssen

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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Increase in emphasis on maritime security and rise in development of ship-based missile systems are some of the factors that drive the growth of the fast attack craft market. However, high maintenance cost of such vessels is hampering the growth of the fast attack craft market. On the contrary, increase in focus on seaborne dominance by countries such as China, may contribute further in the growth of fast attack craft (FAC) market.

Increasing emphasis on maritime security by countries
Countries such as the U.S., China, Japan, and others are focusing on ensuring security of major trade sea routes. Thus, deploying several warships equipped with advanced armaments in the oceans. Such deployment of warships in a large number are very costly. Therefore, due to budgetary limitations, countries are focusing on low cost platforms which can serve the purpose. Since, FACs are lightweight and can be used effectively against anti-piracy as well as for combat missions. Moreover, fast attack crafts are considered as low-cost platform with high capabilities. Hence, fast attack crafts have emerged as a strong contender for the maritime security. Therefore, countries are preferring fast attack crafts for maritime security; hence, driving the growth of the global fast attack craft market.

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