Military Speedboat Market Report 2026

The military speedboat market size has grown strongly in recent years. It will grow from $3.13 billion in 2025 to $3.36 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing naval focus on littoral and coastal defense operations, rising demand for fast attack craft to counter asymmetric maritime threats, growth in special operations requiring rapid-response and high-mobility vessels, advancements in lightweight composite hull materials improving speed and maneuverability, expansion of anti-smuggling and maritime interdiction missions driving procurement of high-speed patrol boats.

The military speedboat market size is expected to see strong growth in the next few years. It will grow to $4.38 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growing adoption of unmanned and semi-autonomous swarm boats for distributed maritime operations, rising investment in weaponized and sensor-integrated high-speed craft, increasing demand for modular speedboat designs enabling rapid mission reconfiguration, expansion of coastal security programs in emerging naval markets, accelerating development of advanced propulsion systems to enhance speed, range, and fuel efficiency. Major trends in the forecast period include growing focus on littoral, coastal, and riverine warfare capabilities, increasing adoption of modular, multi-mission hull and mission-bay designs, rising use of lightweight armored and advanced composite materials for speed and survivability, expansion of special forces, interdiction, and anti-smuggling missions using compact craft, shift toward swarm tactics and massed small-boat concepts for asymmetric naval operations.

The growing concerns over maritime security are expected to drive the expansion of the military speedboat market in the future. Maritime security issues involve threats and challenges related to the safety, security, and lawful use of oceans, including piracy, terrorism, smuggling, illegal fishing, and territorial disputes. These concerns are escalating due to increasing geopolitical tensions and territorial conflicts in strategic sea routes, which are vital for global trade and military strategy, making them hotspots for competition and conflict among countries. Military speedboats play a crucial role in maritime security by providing rapid response capabilities, coastal patrols, and interception of threats to safeguard territorial waters. For example, in January 2025, the ICC International Maritime Bureau, a UK-based membership organization, reported 116 incidents involving ships in 2024, up from 115 in 2022. Among these incidents, 94 vessels were boarded, 13 experienced attempted attacks, six were hijacked, and three were fired upon. The number of crew members taken hostage or kidnapped rose to 126 in 2024, compared to 73 in 2023 and 41 in 2022. Additionally, 12 crew members were threatened, and one was injured in 2024. Consequently, increasing maritime security challenges are fueling growth in the military speedboat market.

Key players in the military speedboat market are advancing technologies by integrating multiple systems to boost operational efficiency, enhance situational awareness, and improve survivability in high-risk maritime environments. This system-level integration involves combining advanced sensors, weapons, communication, and navigation technologies into a single platform to optimize overall performance and functionality. For instance, in April 2024, Metal Shark Boats LLC., a US-based manufacturer of military, law enforcement, and commercial vessels, introduced two advanced unmanned surface vehicles (USVs) designed for military use: the Prowler and the Frenzy micro USVs. The Prowler is a 30-foot welded aluminum vessel that uniquely blends autonomous, amphibious, and semi-submersible features with the strong performance of a deep-V monohull. This innovative craft can operate both on land and at sea and includes self-launch and self-recovery capabilities, removing the need for external launch equipment. In its semi-submersible mode, the Prowler can remain on station for extended durations with only its mast and antennas visible above water, significantly enhancing stealth and mission survivability.

In September 2025, Rheinmetall, a Germany-based provider of defense technology, military vehicles, weapons systems, and ammunition solutions, acquired Naval Vessels Lürssen (NVL) for an undisclosed amount. Through this acquisition, Rheinmetall aims to expand its presence in the naval defense sector and enhance its capabilities in shipbuilding, fleet modernization, and integrated maritime systems across Europe. Naval Vessels Lürssen (NVL) is a Germany-based provider of military shipbuilding solutions, specializing in frigates, corvettes, patrol boats, and high-speed combat vessels, along with advanced naval integration and modernization services.

Major companies operating in the military speedboat market are BAE Systems, Huntington Ingalls Industries Inc., Brunswick Corporation, Lürssen Werft GmbH & Co. KG, Garden Reach Shipbuilders & Engineers Limited, Fr. Fassmer GmbH & Co. KG, M.A.G. Boats, Metal Shark Boats LLC, Safe Boats International LLC, Incat Tasmania Pty Ltd., ASIS Boats, North Sea Boats, Swiftships Shipbuilders LLC, Hodgdon Yachts Inc., Willard Marine Inc., Damen Shipyards Group, Aksum Marine LLC, Narwhal Boats, Holyhead Marine Services Limited, Marine Alutech Oy Ab.

North America was the largest region in the military speedboat market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military speedboat market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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 on marine-grade metals, propulsion systems, and electronic subsystems are increasing production costs for military speedboats, especially in segments using aluminum, steel, and advanced composites, as well as diesel and gas-turbine-powered interceptor and fast attack craft. These cost pressures and supply chain delays are most acute in export-oriented shipbuilding hubs in Asia-Pacific and Europe, and for manufacturers supplying patrol, reconnaissance, and assault boats to North American and Middle Eastern programs. At the same time, tariffs are encouraging localization of hull fabrication, regional sourcing of materials, and investment in domestic yards, which can benefit local gunboat, landing craft, and swarm-boat production over the longer term by strengthening indigenous industrial capabilities.

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

A military speedboat is a fast, high-performance naval vessel designed for combat, reconnaissance, patrol, or special missions. It often incorporates lightweight construction, armored hulls, and built-in weapon or surveillance systems to function effectively in coastal, river, or near-shore environments. These boats are utilized for quick troop transport, coastal defense, maritime interdiction, anti-smuggling activities, and supporting special forces in shallow or high-risk waters.

The primary categories of military speedboats include gunboats, torpedo boats, and missile boats. Gunboats are small, armed vessels used mainly for coastal defense, patrol, and support roles. They are built from various materials like aluminum, fiberglass, and steel. Propulsion options vary and can include diesel engines, electric motors, hybrid systems, or gas turbines. Gunboats are employed in missions such as rescue, maritime patrol, reconnaissance, and close-quarters attacks.

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

The military speedboat market consists of sales of interceptors, fast attack craft (FAC), landing craft, and swarm 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.

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