Small Autonomous Pleasure Boats Market, By Propulsion (Diesel, electric, hybrid), By Application (Cruising, Water Sports), By Level of Autonomy (Level 1, Level 2, Level 3), Global Forecast 2023 - 2032

Small Autonomous Pleasure Boats Market Size

Small Autonomous Pleasure Boats Market size was valued at USD 458.6 million in 2022 and is anticipated to register a CAGR of over 9% between 2023 and 2032 due to the technological innovations. Advancements in autonomous navigation, sensor systems, and remote-control capabilities are making these boats safer, more user-friendly, and efficient. For instance, in September 2023 Avikus, a subsidiary of the South Korean conglomerate HD Hyundai Co., introduced a new self-driving system called "New Boat Dock" for leisure boats. This system is designed to enable leisure boats to navigate autonomously, propulsion boaters a more convenient and automated experience.
 

The increasing focus on sustainable and eco-friendly transportation is driving the expansion of the market. Consumers and governments are prioritizing environmentally responsible options. Autonomous pleasure boats, often powered by electric or alternative fuels, align with these sustainability goals. They produce fewer emissions, reduce reliance on traditional fossil fuels, and promote cleaner waterways. For instance, in October 2023 Forum Virium Helsinki, a Finnish startup, launched an on-demand autonomous boats operated by a commercial entity.
 

Developing and implementing autonomous application, sensors, and navigation systems requires significant investment. Additionally, building or retrofitting boats to accommodate these systems can be costly. Overcoming this challenge involves finding ways to reduce production costs or propulsion financing options to make autonomous pleasure boats more accessible to a broader range of consumers.
 

COVID-19 Impact

COVID-19 positively impacted the market as it led to increased interest in outdoor recreational activities, including boating, due to the desire for safe and socially distanced leisure. The pandemic prompted individuals and families to seek isolated and eco-friendly ways to enjoy their free time, driving demand for autonomous boats.
 

Small Autonomous Pleasure Boats Market Trends

The electric propulsion is an emerging trend in the industry due to the pursuit of quieter and more eco-friendly boating experiences. Electric propulsion systems offer near-silent operation, reducing noise pollution in serene water environments. Additionally, they are environmentally sustainable, producing zero emissions and minimizing the ecological impact on water ecosystems. As sustainability gains prominence, boaters are increasingly opting for electric-powered autonomous pleasure boats, aligning with the global shift toward cleaner and quieter transportation options in the recreational boating industry.
 

The connectivity and IoT integration are an emerging trend in the market involves integrating smart technologies to enhance boating experiences. IoT devices, sensors, and connectivity solutions are being used to enable remote monitoring and control of boats. This allows boaters to access real-time data on navigation, safety, and onboard systems through mobile apps or dashboards. For instance, in April 2023 Voyis Imaging Inc. introduced "Discovery Vision Systems," a product line designed to enhance ROV (Remotely Operated Vehicle) vision capabilities. It offers high-resolution video and real-time 3D perception, improving situational awareness for tasks such as piloting, inspections, and autonomous operations in underwater environments.
 

Small Autonomous Pleasure Boats Market Analysis

Based on propulsion, the market is divided into diesel, electric and hybrid. The diesel segment held major market share in 2022. Diesel engines are known for their fuel efficiency and torque, making them ideal for larger boats where extended cruising ranges are desired. Additionally, advancements in diesel application have led to quieter and more environmentally friendly diesel engines. This, coupled with the reliability and longevity of diesel propulsion systems, has driven interest in diesel-powered autonomous pleasure boats, especially among boaters looking for long-distance cruising and versatility.
 

Based on level of autonomy, the small autonomous pleasure boats market is categorized into cruising and water sports. The cruising segment held around 55% industry share in 2022. The cruising segment is witnessing substantial expansion in the industry. Cruising represents a popular leisure activity, and autonomous boats are increasingly catering to this demand. These boats offer features like autonomous navigation, advanced safety systems, and onboard amenities that enhance the cruising experience. Additionally, they provide convenience and relaxation, attracting individuals and families seeking a more enjoyable and hassle-free way to explore waterways.
 

North America held a dominant small autonomous pleasure boats market with a revenue of USD 268.9 million in 2022. The continent's extensive network of rivers, lakes, and coastal areas makes it a prime destination for recreational boating. With a growing focus on eco-friendly and sustainable travel, North American consumers are increasingly embracing autonomous boats, which often feature electric or hybrid propulsion systems. Additionally, favorable regulations and government incentives for eco-friendly transportation further promote the adoption of autonomous pleasure boats.
 

Small Autonomous Pleasure Boats Market Share

Major players operating in the Small Autonomous Pleasure Boats industry-

• Sea Machine Robtics
• Deep Blue Robotics
• Boston Whaler
• ASV Global
• YARA International ASA

Sea Machines Robotics and Deep Blue Robotics are dominant players in the industry due to their pioneering technologies and business expertise. Sea Machines Robotics specializes in autonomous control systems and navigation application, propulsion cutting-edge solutions for enhanced safety and control in autonomous boats. Deep Blue Robotics is known for its innovative propulsion systems, including electric and hybrid options, making them a key player in the eco-friendly and sustainable segment of autonomous pleasure boats, aligning with market trends and consumer preferences.
 

Small Autonomous Pleasure Boat Industry News

• In December 2021, Sea Machines Robotics and HamiltonJet in partnership launched JETsense, an intelligent voyage control product for autonomous vessels. JETsense incorporates autonomous navigation, multi-sensor fusion, and computer vision technologies to enhance the control and safety of marine vessels, marking a significant advancement in autonomous maritime operations.
   

The small autonomous pleasure boats market research report includes in-depth coverage of the industry, with estimates & forecast in terms of Revenue (USD Million) and shipments (Units) from 2018 to 2032, for the following segments:

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By Propulsion, 2018 – 2032

• Diesel
• Electric
• Hybrid

By Application, 2018 – 2032

• Cruising
• Watersports

By level of Autonomy, 2018 – 2032

• Level 1
• Level 2
• Level 3

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Russia
  • Spain
  • Norway
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa