Military Speedboat Global Market Report 2025

Military Speedboat Market Overview

• Military Speedboat market size has reached to $2.92 billion in 2024

• Expected to grow to $4.1 billion in 2029 at a compound annual growth rate (CAGR) of 7%

• Growth Driver: Rising Maritime Security Concerns Fueling Market Growth Due To Geopolitical Tensions Territorial Disputes And Maritime Crimes

• Market Trend: Advancements In Autonomous And Integrated Naval Technologies

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Military Speedboat Market?

A military speedboat is a high-performance, fast-moving naval craft specifically engineered for combat, patrol, reconnaissance, or special operations, often featuring lightweight materials, armored hulls, and integrated weaponry or surveillance systems to operate effectively in coastal, riverine, or littoral zones. These vessels are used for rapid troop deployment, maritime interdiction, coastal defense, anti-smuggling operations, and supporting special forces missions in high-risk or shallow-water environments.

The main types of military speedboats include gunboats, torpedo boats, and missile boats. Gunboats are small, armed naval vessels designed for coastal defense, patrol, and support missions. These vessels are constructed from materials such as aluminum, fiberglass, steel, and others. They are powered by different propulsion systems, such as diesel engines, electric motors, hybrid systems, and gas turbine engines, and used for applications such as rescue operations and maritime patrols, reconnaissance missions, and melee attacks.

What Is The Military Speedboat Market Size 2025 And Growth Rate?

The military speedboat market size has grown strongly in recent years. It will grow from $2.92 billion in 2024 to $3.13 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing coastal surveillance operations, rising maritime piracy threats, growing defense budgets post-conflict, expansion of naval special operations units, and increasing use in anti-smuggling missions.

What’s The Trade War Impact On Aerospace And Defense Industry?

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

How is the Military Speedboat Market Segmented?

1) By Type: Gunboats, Torpedo Boats, Missile Boats

2) By Material: Aluminum, Fiberglass, Steel, Other Materials

3) By Power And Propulsion Systems: Diesel Powered, Electric Powered, Hybrid Systems, Gas Turbine Engines

4) By Application: Rescue Operation, Maritime Patrols, Reconnaissance Missions, Melee Attacks

Subsegments:

1) By Gunboats: Patrol Gunboats, Riverine Gunboats, Coastal Defense Gunboats, Armed Fast Attack Gunboats

2) By Torpedo Boats: Fast Torpedo Boats, Semi-Submersible Torpedo Boats, Autonomous Torpedo Boats, Electric Torpedo Boats

3) By Missile Boats: Fast Attack Missile Boats, Coastal Missile Boats, Stealth Missile Boats, Autonomous Missile Boats

What Is Driving The Military Speedboat Market? Rising Maritime Security Concerns Fueling Market Growth Due To Geopolitical Tensions Territorial Disputes And Maritime Crimes

The rising maritime security concerns are expected to propel the growth of the military speedboat market going forward. Maritime security concerns refer to threats and challenges related to the safety, security, and lawful use of the seas, including piracy, terrorism, smuggling, illegal fishing, and territorial disputes. The rising maritime security concerns are due to an increase in geopolitical tensions and territorial disputes in strategic sea lanes, as these areas are critical for global trade and military positioning, making them frequent flashpoints for conflict and competition among nations. Military speedboats support maritime security by enabling fast response, coastal patrol, and interception of threats to protect territorial waters. For instance, in January 2025, according to the ICC International Maritime Bureau, a UK-based membership organization, a total of 116 incidents against ships were reported in 2024, up from 115 in 2022. Among these, 94 vessels were boarded, 13 faced attempted attacks, six were hijacked, and three were fired upon. The number of crew taken hostage or kidnapped also increased, with 126 taken hostage in 2024 compared to 73 in 2023 and 41 in 2022. Additionally, 12 crew members were threatened, and one was injured in 2024. Therefore, the rising maritime security concerns are driving growth in the military speedboat market.

What Is Driving The Military Speedboat Market? Rising Maritime Security Concerns Fueling Market Growth Due To Geopolitical Tensions Territorial Disputes And Maritime Crimes

The rising maritime security concerns are expected to propel the growth of the military speedboat market going forward. Maritime security concerns refer to threats and challenges related to the safety, security, and lawful use of the seas, including piracy, terrorism, smuggling, illegal fishing, and territorial disputes. The rising maritime security concerns are due to an increase in geopolitical tensions and territorial disputes in strategic sea lanes, as these areas are critical for global trade and military positioning, making them frequent flashpoints for conflict and competition among nations. Military speedboats support maritime security by enabling fast response, coastal patrol, and interception of threats to protect territorial waters. For instance, in January 2025, according to the ICC International Maritime Bureau, a UK-based membership organization, a total of 116 incidents against ships were reported in 2024, up from 115 in 2022. Among these, 94 vessels were boarded, 13 faced attempted attacks, six were hijacked, and three were fired upon. The number of crew taken hostage or kidnapped also increased, with 126 taken hostage in 2024 compared to 73 in 2023 and 41 in 2022. Additionally, 12 crew members were threatened, and one was injured in 2024. Therefore, the rising maritime security concerns are driving growth in the military speedboat industry.

Who Are The Major Players In The Global Military Speedboat Market?

Major Companies operating in the military speedboat market are BAE Systems, Huntington Ingalls Industries Inc., Brunswick Corporation, Lürssen Werft GmbH & Co. KG, Garden Reach Shipbuilders & Engineers Limited, Fr. Fassmer GmbH & Co. KG, M.A.G. Boats, Metal Shark Boats LLC, Safe Boats International LLC, Incat Tasmania Pty Ltd., ASIS Boats, North Sea Boats, Swiftships Shipbuilders LLC, Hodgdon Yachts Inc., Willard Marine Inc., Damen Shipyards Group, Aksum Marine LLC, Narwhal Boats, Holyhead Marine Services Limited, Marine Alutech Oy Ab.

Who Are The Major Players In The Global Military Speedboat Market?

Major Companies operating in the military speedboat market are BAE Systems, Huntington Ingalls Industries Inc., Brunswick Corporation, Lürssen Werft GmbH & Co. KG, Garden Reach Shipbuilders & Engineers Limited, Fr. Fassmer GmbH & Co. KG, M.A.G. Boats, Metal Shark Boats LLC, Safe Boats International LLC, Incat Tasmania Pty Ltd., ASIS Boats, North Sea Boats, Swiftships Shipbuilders LLC, Hodgdon Yachts Inc., Willard Marine Inc., Damen Shipyards Group, Aksum Marine LLC, Narwhal Boats, Holyhead Marine Services Limited, Marine Alutech Oy Ab.

What Are The Key Trends Of The Global Military Speedboat Market? Advancements In Autonomous And Integrated Naval Technologies

Major companies operating in the military speedboat market are focusing on integrating advanced technologies through system-level, integrated innovation to enhance operational efficiency, improve situational awareness, and increase survivability in high-threat maritime environments. System-level, integrated innovation involves the coordinated development and combination of multiple advanced technologies, such as sensors, weapons, communication, and navigation systems, into a unified platform to optimize overall performance and functionality. For instance, in April 2024, Metal Shark Boats LLC., a US-based shipbuilder specializing in military, law enforcement, and commercial vessels, unveiled two advanced unmanned surface vehicles (USVs) designed for military applications the Prowler and the Frenzy micro unmanned surface vehicles (USVs). The Prowler is a 30-foot welded aluminum craft that uniquely combines autonomous, amphibious, and semi-submersible capabilities with the robust performance of a deep-V monohull. This innovative vessel can operate both on land and at sea, featuring self-launch and self-recovery abilities, which eliminate the need for additional launch equipment. In its semi-submersible mode, the Prowler can loiter for extended periods with only its mast and antennas above water, greatly enhancing stealth and survivability during missions.

What Are The Key Trends Of The Global Military Speedboat Market? Advancements In Autonomous And Integrated Naval Technologies

Major companies operating in the military speedboat market are focusing on integrating advanced technologies through system-level, integrated innovation to enhance operational efficiency, improve situational awareness, and increase survivability in high-threat maritime environments. System-level, integrated innovation involves the coordinated development and combination of multiple advanced technologies, such as sensors, weapons, communication, and navigation systems, into a unified platform to optimize overall performance and functionality. For instance, in April 2024, Metal Shark Boats LLC., a US-based shipbuilder specializing in military, law enforcement, and commercial vessels, unveiled two advanced unmanned surface vehicles (USVs) designed for military applications the Prowler and the Frenzy micro unmanned surface vehicles (USVs). The Prowler is a 30-foot welded aluminum craft that uniquely combines autonomous, amphibious, and semi-submersible capabilities with the robust performance of a deep-V monohull. This innovative vessel can operate both on land and at sea, featuring self-launch and self-recovery abilities, which eliminate the need for additional launch equipment. In its semi-submersible mode, the Prowler can loiter for extended periods with only its mast and antennas above water, greatly enhancing stealth and survivability during missions.

What Are Latest Mergers And Acquisitions In The Military Speedboat Market? Bollinger Shipyards Expands Capabilities With Acquisition Of VT Halter Marine Inc.

In November 2022, Bollinger Shipyards LLC., a US-based shipbuilding and repair company, acquired VT Halter Marine Inc. for an undisclosed amount. Through this acquisition, Bollinger Shipyards aims to expand its shipbuilding and repair capacity, enhance its capabilities, and strengthen its position in the defense and commercial maritime sectors to better serve key customers and support ongoing and future naval programs. VT Halter Marine Inc. is a US-based company that provides military and commercial shipbuilding services.

What Are Latest Mergers And Acquisitions In The Military Speedboat Market? Bollinger Shipyards Expands Capabilities With Acquisition Of VT Halter Marine Inc.

In November 2022, Bollinger Shipyards LLC., a US-based shipbuilding and repair company, acquired VT Halter Marine Inc. for an undisclosed amount. Through this acquisition, Bollinger Shipyards aims to expand its shipbuilding and repair capacity, enhance its capabilities, and strengthen its position in the defense and commercial maritime sectors to better serve key customers and support ongoing and future naval programs. VT Halter Marine Inc. is a US-based company that provides military and commercial shipbuilding services.

What Is The Regional Outlook For The Global Military Speedboat Market?

North America was the largest region in the military speedboat market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military speedboat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the military speedboat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Is The Regional Outlook For The Global Military Speedboat Market?

North America was the largest region in the military speedboat market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Military Speedboat Market?

The military speedboat market consists of sales of interceptors, fast attack craft (FAC), landing craft, and swarm 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.

What Defines the Military Speedboat Market?

The military speedboat market consists of sales of interceptors, fast attack craft (FAC), landing craft, and swarm 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.

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 is the Market Assessment and Strategic Outlook for the Military Speedboat Industry?

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

What is the Market Assessment and Strategic Outlook for the Military Speedboat Industry?

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