Fast Attack Craft Global Market Report 2026

Fast-attack craft denotes a high-speed, versatile warship equipped with anti-ship missiles, guns, and torpedoes, capable of engaging in both anti-air and surface combat scenarios. The design of fast-attack craft incorporates modern stealth technologies to reduce infrared, radar, magnetic, and acoustic signatures, thereby minimizing the risk of detection and enhancing operational efficiency.

The primary categories of fast-attack crafts include missile-armed fast attack craft (FAC), non-missile-armed fast attack craft (FAC), and others. Missile-armed fast attack craft (FAC) pertains to a guided airborne weapon with the capability of independent takeoff and landing, often utilizing a jet engine or rocket motor. The craft is armed with missiles, torpedoes, guns, and other weaponry, distributed through both OEM (original equipment manufacturer) and aftermarket channels. These crafts find applications in national defense, technical research, combat, and various other scenarios.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs impact the fast-attack craft market by raising costs of imported components, weapon systems, and shipbuilding materials, especially affecting missile-armed and high-tech vessels in regions such as North America, Europe, and Asia-Pacific. While tariffs may slow procurement and increase project expenses, they incentivize local manufacturing, boost domestic shipbuilding capabilities, and encourage innovation in stealth and unmanned craft technologies.

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

The fast attack craft market size has grown strongly in recent years. It will grow from $5.82 billion in 2025 to $6.18 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased naval modernization programs driving procurement of missile and patrol boats, rising focus on littoral defense operations boosting demand for fast-attack craft, advancements in stealth technologies enhancing adoption of low-signature vessels, growth in asymmetric maritime threats increasing reliance on agile gunboats and torpedo boats, expanding coastal surveillance requirements supporting acquisition of multi-role fast-attack platforms.

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.

The expected rise in maritime security is set to drive the growth of the fast attack craft market in the future. Maritime security involves safeguarding vessels and ensuring protection from crimes at sea. Fast attack craft contributes to maritime security in areas requiring protection from various threats such as terrorism, robbery, piracy, and illicit trafficking of goods and people during maritime operations. For example, as of June 2023, the International Chamber of Commerce reported an increase 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. Consequently, the surge in maritime security is fueling the expansion of the fast attack craft market.

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 enable rapid responses to diverse maritime threats. Multi-mission surface vessels are naval ships equipped with modular systems that allow them to perform multiple roles on a single platform, helping navies adapt quickly to changing operational requirements without the need for multiple specialized vessels. For example, in August 2025, Strategic Marine (S) Pte Ltd, a Singapore-based shipyard company, launched the Aircat Bengal MC, an advanced modular attack surface craft designed for high-speed, multi-mission operations. U.S. company Eureka Naval Craft collaborated 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 various 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.

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

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

Asia-Pacific was the largest region in the fast-attack craft market in 2025. The regions covered in the fast attack craft market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the fast attack craft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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.

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.

Fast Attack Craft Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses fast attack craft market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fast attack craft ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The fast attack craft market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Companies Mentioned: 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
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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