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.

The global Fast Attack Craft market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Fast Attack Craft volume and value at global level, regional level and company level. From a global perspective, this report represents overall Fast Attack Craft market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Fast Attack Craft in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Fast Attack Craft manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers 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

Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India

Segment by Type
Missile Armed FAC
Non-Missile Armed FAC

Segment by Application
National Defense
Fighting
Other