FAC are small, fast, agile, and attack-capable warships, which are armed with anti-ship missiles, guns, or torpedoes. FAC are generally operated in the coastal regions as they lack the defensive capabilities to survive in the blue waters. The major benefit of such ships over other warships is their affordability and speed. These boats, when armed with guided missiles, are capable of posing threats to even large capital ships.Technavio expects the global FAC market to grow at a CAGR of 2.14% during the forecast period. In 2015, EMEA led the market with a share of 38%, followed by APAC with a share of 35.78%, and the Americas with a share of 26.22%. Over the forecast

period, the countries in APAC are expected to be the fastest growing market for the FAC with a major share of expenses from India, China, Japan, North Korea, and South Korea.

PART 01: Executive summary 6

PART 02: Scope of the report 17

Market overview 17

Top-vendor offerings 18

PART 03: Market research methodology 19

Research methodology 19

Economic indicators 19

PART 04: Introduction 20

Key market highlights 20

Naval vessels: An overview 21

Fast attack craft 23

Key takeaways 24

Key buying criteria 24

PART 05: Market landscape 25

Market overview 25

Market size and forecast 26

Five forces analysis 28

PART 06: Market segmentation by type 29

Market share by type 29

Market segmentation by revenue 29

Global missile-armed FAC market 30

Global non-missile armed FAC market 31

PART 07: Geographical segmentation 33

Market share by geography 33

Geographical segmentation by revenue 33

FAC market in EMEA 34

FAC market in APAC 36

FAC market in the Americas 38

PART 08: Market drivers 40

PART 09: Impact of drivers 44

PART 10: Market challenges 45

PART 11: Impact of drivers and challenges 48

PART 12: Market trends 49

PART 13: Vendor landscape 53

Competitive scenario 53

BAE Systems 55

Damen Shipyards Group 57

Fincantieri 58

Goa Shipyard Limited (GSL) 59

Navantia 60

Other prominent vendors 62

PART 14: Appendix 64

List of abbreviations 64

PART 15: Explore Technavio 65