Fast Attack Craft Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to fast attack craft market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Fast Attack Craft Market News

in Fast Attack Craft Market
  • In February 2025, the Islamic Revolution Guards Corps (IRGC) Navy was delivered a range of domestically produced military hardware, including the Martyr Rais Ali Delvari warship and a number of fast attack boats equipped with missile launch systems. The newly revealed Iranian warship can carry three missile-launching vessels and a helicopter
  • In January 2025, Kongsberg Maritime won a contract to supply advanced propulsion and maneuvering systems for two new KCR-70 Fast Attack Craft under construction for the Indonesian Navy at the Sefine Shipyard in Türkiye. The equipment package includes a groundbreaking propulsion arrangement, whereby twin controllable pitch propeller (CPP) Promas systems are optimized for maximum efficiency during patrol but only one Kamewa waterjet provides extra thrust for high-speed performance
  • In January 2025, the U.K. announced a partnership with Ukraine's Ministry of Defence to develop multifunctional maritime drones in response to the ongoing conflict with Russia. This initiative aims to enhance Ukraine's defense capabilities while also fostering innovation in autonomous military technology.
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Global Fast Attack Craft Market size was valued at USD 4.8 Billion in 2023 and is poised to grow from USD 5.1 Billion in 2024 to USD 8.5 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The global fast attack craft (FAC) market is marked by regional growth, strategic innovation, and technological developments. Top players are emphasizing stealth technology, multi-mission platforms, and unmanned systems integration to improve operational effectiveness and counter new maritime threats. 'BAE Systems ', 'Lurssen ', 'Navantia ', 'CMN ', 'CSOC ', 'GRSE ', 'Damen Shipyards Group ', 'FINCANTIERI S.p.A. ', 'Goa Shipyard Limited ', 'Hanjin Heavy Industries and Construction ', 'Austal Limited ', 'Thales S.A. ', 'Northrop Grumman Corporation ', 'Huntington Ingalls Industries ', 'Garden Reach Shipbuilders and Engineers '

Increasing rates of maritime danger in the form of piracy, smuggling, illegal fishing, and territorial claims have mandated the employment of fast and agile navy vessels such as Fast Attack Craft (FAC). Countries with large coastlines along the littoral areas are now ordering FACs to be rapidly deployed and execute surveillance sorties into littoral areas. Being highly maneuverable, having low radar cross-section, and equipped with offensive technology, they are ideally suited to counter asymmetric threats. Authorities across the Asia-Pacific, Middle Eastern, and African continents, as such, are expanding the composition of their navy fleets by purchasing FACs for enhancing coastal defenses and maritime domain awareness, which in turn are fueling the market.

Is Asia-Pacific Leading the Global Fast Attack Craft Market?

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Global Fast Attack Craft Market
Fast Attack Craft Market

Report ID: SQMIG20D2303

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