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The Global FAC market size is forecast to increase by USD 1.76 billion at a CAGR of 6.78% between 2023 and 2028. The market is witnessing significant growth due to several key trends and drivers. One of the primary drivers is the greater focus on Intelligence, Surveillance, and Reconnaissance (ISR) operations, which necessitates the use of agile and fast FACs for effective border patrol and anti-piracy activities. Additionally, the increasing demand for warships, particularly in developing countries, is leading to an increase in the demand for FACs as they offer a cost-effective alternative to larger warships. Furthermore, the need for trained personnel for FAC operations is creating opportunities for specialized training institutions and recruitment agencies. These factors, along with advancements in technology and design, are expected to drive the growth of the FAC market in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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