About Fast Attack Craft
A fast attack craft is a small, fast, agile and offensive warship armed with anti-ship missiles, guns or torpedoes. These warships usually operated in close proximity to land as they lack both the seakeeping and all-round defensive capabilities to survive in blue water. It is designed as a high-speed multi-role platform able to operate in both anti-air and surface combat situations. It incorporates advanced technologies to minimize infrared, radar, magnetic and noise signatures to reduce the chances of detection and enhance the operational effectiveness of the ship.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on the technique and quality of the product due to which the global Fashionable Underwear market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Fast Attack Craft market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BAE Systems PLC (United Kingdom), China Shipbuilding & Offshore International Co Ltd (China), Hanjin Heavy Industries & Construction (South Korea), Garden Reach Shipbuilders and Engineers (India), Damen Shipyards Group (Netherlands), CMN Group (France), Fincantieri - Cantieri Navali Italiani SpA (Italy), Navantia (Spain) and Goa Shipyard Limited (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fast Attack Craft market by Type (Missile Armed FAC, Non-missile Armed FAC and Others), Application (National Defense, Technical Research and Others) and Region.
On the basis of geography, the market of Fast Attack Craft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Developments in Fast Attack Craft
Market Growth Drivers:
Increased government spending on national security and Rise in the terrorist attacks by the marine areas
Challenges:
Backlogs in the delivery of naval systems
Restraints:
High cost involved in the modernization and upgrade of the fast attack craft
Opportunities:
Growing demand from emerging economies such as China and India and Rising concern associated with the growth of the sea-based trade
Market Leaders and their expansionary development strategies
In October 2023, The Indian Army has initiated the process to acquire eight landing attack craft for carrying out search and rescue operations in the creek areas and river basins in different parts of the country, said the army officials.The Army wants the crafts to be able to come in and out of water bodies without using a jetty. It is also moving ahead with a plan to buy six fast patrol boats under the Make in India in Defence programme, the officials added.
In April 2023, Bharat Sanchar Nigam (BSNL) has launched 4G services in pilot mode in parts of Punjab in a run-up to a formal rollout of 4G services. The company has started live testing of its 4G services with 135 tower sites using indigenous telecom stack, communications minister Ashwini Vaishnaw said on Saturday.
Key Target Audience
Fast Attack Craft Manufactures, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.