Fast Attack Craft Market 2023 : By Size, Segments, Trends, Growth And Regional Outlook 2032 | BAE Systems plc, Lürssen, Navantia SA, CMN Group, China Shipbuilding And Offshore International Co. Ltd.

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Fast Attack Craft Global Market Report 2023 identifies the rise in maritime security the major driver for the Fast Attack Craft market's growth in the forecast period. 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, according to the ICC International Maritime Bureau, a UK-based specialized department of the International Chamber of Commerce in 2019, 162 global maritime piracy and armed robbery incidents were recorded, which increased to 195 in 2020.

The global fast-attack craft market size is expected to grow from $4.86 billion in 2022 to $5.22 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fast-attack craft market size is expected to reach $6.70 billion in 2027 at a CAGR of 6.4%.

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Major competitors in the Fast Attack Craft market are BAE Systems plc, Lürssen, 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, and L&T Shipbuilding Limited.

A key trend in the Fast Attack Craft market includes product innovations. 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.

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The Fast Attack Craft market is segmented -

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

By Weapon: Missile, Torpedo, Gun, Other Weapons

By Distribution Channel: OEM (Original Equipment Manufacturer), Aftermarket

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

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fast Attack Craft market.

The Business Research Company's "Global Fast Attack Craft Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Fast Attack Craft Market Include:
1. Executive Summary
2. Fast Attack Craft Market Characteristics
3. Fast Attack Craft Market Trends And Strategies
4. Fast Attack Craft Market - Macro Economic Scenario
5. Fast Attack Craft Market Size And Growth
……
26. Africa Fast Attack Craft Market
27. Fast Attack Craft Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fast Attack Craft Market
29. Fast Attack Craft Market Future Outlook and Potential Analysis
30. Appendix

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