The global fast attack craft market to grow at a CAGR of 2.14% during the period 2017-2021.
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 report covers the present scenario and the growth prospects of the global fast attack craft market for 2017-2021. To calculate the market size, the report presents the market landscape and a corresponding detailed analysis of the five major vendors operating in the market. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in market is increased seaborne dominance. Many countries are modernizing their naval defense units by manufacturing and procuring a number of warships. The increase in the number of these assets will simultaneously boost the global development of naval vessels and enable greater dominance of the defense authorities overseas and oceans. The US Navy has played an integral part in the national strategy of the country, which is surrounded by seas on two ends.
Over the years, the country has strengthened its naval combat capabilities through the development of several classes of advanced naval vessels. Driven by the race of attaining military supremacy, the PLA Navy, China, is modernizing their naval fleets and deploying them in the South China Sea and in the Western Pacific region, which is posing a potential warfare threat.
The PLA Navy is also focusing on developing a multifunctional and efficient maritime combat force to provide offshore water defense and open sea protection in tandem. China is also developing a missile-armed FAC and a significant number of cutter ships for the China Coast Guard, a paramilitary service that helps in asserting and defending China's maritime territorial claims in the East and South China Seas.
- BAE Systems
- Damen Shipyards Group
- Goa Shipyard Limited (GSL)
Other prominent vendors
- China Shipbuilding and Offshore Company
- CMN Group
- Garden Reach Shipbuilders and Engineers
- Hanjin Heavy Industries & Construction
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by type
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/5p2d6w/global_fast