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Fast Attack Craft Market Size, Analysis, Trends Report 2024 To 2033
Fast Attack Craft Market
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Maritime Security Surge Propels Fast Attack Craft Market Growth
A rise in maritime security is expected to propel the growth of the fast attack craft market going forward. Maritime security refers to protecting vessels and providing safety from crimes at sea. A fast attack vessel helps in maritime security in the areas from which ships and maritime operations need protection, including terrorism, robbery, piracy, and illegal trafficking of goods and people. For instance, in June 2023, according to the International Chamber of Commerce, a France-based organization, there was a rise in the number of piracy and armed robbery incidents against ships, with 65 recorded in the first half of 2023 compared to 58 incidents during the corresponding period in 2022. Therefore, a rise in maritime security is driving the growth of the fast attack craft market.
Innovative Advancements In The Fast Attack Craft Market
Product innovation is the key trend gaining popularity in the fast-attack craft market. Major companies operating in the fast-attack craft market are developing innovative products and high-quality attack crafts to sustain their position in the market. For instance, North Sea Boats, an Indonesia-based boat-building company, launched KRI Golok, a stealth trimaran fast attack craft, for the Indonesian Navy. The fast attack craft (FAC) is a trimaran with a modern Wave Piercing design. The greater beam provides inherent stability and allows the vessel to cut through waves rather than climb up and over them. This combination of characteristics decreases pitching and rolling, resulting in a stable weapons platform and allowing the vessel to maintain greater average speeds in unfavorable weather comfortably and safely. It includes stealth design elements that reduce detection by decreasing Radar, Infrared, Acoustic, and Magnetic signatures.
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), Aftermarket
4) By Application: National Defense, Technical Research, Fighting, Other Applications
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Major companies operating in the fast attack craft market report are 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
Contents of the report:
1. Executive Summary
2. Fast Attack Craft Market Report Structure
3. Fast Attack Craft Market Trends And Strategies
4. Fast Attack Craft Market - Macro Economic Scenario
5. Fast Attack Craft Market Size And Growth
…..
27. Fast Attack Craft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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