Fast Attack Craft Market Report 2026

Fast Attack Craft Market Overview

• Fast Attack Craft market size has reached to $5.82 billion in 2025 • Expected to grow to $7.83 billion in 2030 at a compound annual growth rate (CAGR) of 6.1% • Growth Driver: Maritime Security Surge Propels Fast Attack Craft Market Growth • Market Trend: Next-Generation Multi-Mission Surface Vessels For Rapid Naval Response • Asia-Pacific was the largest region in 2025.

What Is Covered Under Fast Attack Craft Market?

Fast-attack craft refers to a high-speed, multi-role warship equipped with anti-ship missiles, guns, and torpedoes, and can operate in both anti-air and surface combat situations and warfare activities. The fast attack craft's design uses modern stealth technologies to diminish infrared, radar, magnetized, and noise signatures, lowering the risks of discovery and increasing the ship's operating effectiveness. The main types of fast-attack crafts are missile-armed fast attack craft (FAC), non-missile-armed fast attack craft (FAC), and others. Missile-armed fast attack craft (FAC) refers to a guided airborne ranging weapon with the ability to take off and land on its own, often using a jet engine or rocket motor. The weapons included in the craft are missiles, torpedoes, guns, and others distributed by OEM (original equipment manufacturer) and aftermarket channels for national defense, technical research, fighting, and other applications.

What Is The Fast Attack Craft Market Growth Forecast?

The fast attack craft market size is expected to see strong growth in the next few years. It will grow to $7.83 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to development of next-generation propulsion systems improving craft speed and operational range, rising investment in integrated combat systems advancing fast-attack craft capabilities, increasing emphasis on unmanned and semi-autonomous surface vessels influencing future platform designs, growth in maritime security missions driving sustained demand for rapid-response craft, expanding defense budgets in coastal nations supporting long-term procurement of advanced fast-attack vessels. Major trends in the forecast period include rising demand for stealth-enabled fast attack craft, increasing adoption of multi-role vessels with missile and gun capabilities, growth in patrol and coastal defense operations, integration of advanced sensor and weapon systems, expansion of unmanned fast attack craft for surveillance and combat.

Global Fast Attack Craft Market Segmentation

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 Subsegments: 1) By Missile Armed Fast Attack Craft (FAC): Guided Missile Boats, Anti-Ship Missile Platforms, Surface-To-Surface Missile Armed FAC 2) By Non-Missile Armed Fast Attack Craft (FAC): Gunboats, Patrol Boats, Interceptor Boats 3) By Other Types: Hybrid Fast Attack Craft, Unmanned Fast Attack Craft, Support And Auxiliary Craft

What Is Driver Of The Fast Attack Craft Market?

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 industry.

Key Players In The Global Fast Attack Craft Market

Major companies operating in the fast attack craft market 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

Global Fast Attack Craft Market Trends and Insights

Major companies operating in the fast attack craft market are focusing on developing innovative products such as multi-mission surface vessels to enhance operational flexibility and respond rapidly to diverse maritime threats. Multi-mission surface vessels are naval ships with modular systems that allow them to perform various roles on a single platform, helping navies respond quickly to changing operational needs without needing multiple specialized vessels. For instance, in August 2025, Strategic Marine (S) Pte Ltd, a Singapore-based shipyard company, launched the Aircat Bengal MC, an innovative modular attack surface craft designed for high-speed, multi-mission operations. U.S. company Eureka Naval Craft was signed to collaborate on the project, contributing advanced naval technologies and expertise. The vessel features a surface effect ship (SES) hull combined with a modular payload system, enabling rapid reconfiguration for different naval missions. With a top speed of 50 knots, enhanced autonomy, and shallow draft capabilities, it provides greater operational flexibility compared to traditional fast-attack craft. The Aircat Bengal MC addresses the growing demand for agile, versatile platforms capable of responding to evolving maritime threats.

What Are Latest Mergers And Acquisitions In The Fast Attack Craft Market? Rheinmetall AG To Acquire Naval Vessels Lürssen Gmbh To Strengthen European Naval Defence Capabilities

In September 2025, Rheinmetall AG, a Germany-based defence and automotive company, acquired Naval Vessels Lürssen GmbH (NVL) and its subsidiaries from the Lürssen Group for an undisclosed amount. With this acquisition, Rheinmetall AG aims to consolidate and strengthen Germany’s and Europe’s defence industry by combining its technological expertise with NVL’s shipbuilding capabilities, expanding production capacity, supporting advanced naval projects, and significantly enhancing naval defence readiness and operational support for Germany and its NATO allies. Naval Vessels Lürssen GmbH (NVL) is a Germany-based defence company that specializes in providing fast attack craft.

Regional Insights

Asia-Pacific was the largest region in the fast-attack craft market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Fast Attack Craft Market?

The fast-attack craft market consists of sales of gunboats, torpedo boats, missile boats, and patrol boats. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Fast Attack Craft Market Report 2026?

The fast attack craft market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the fast attack craft industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.