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Environmental Benefits and Compliance are driving the growth of the Electric Hydrofoil Boats market at a CAGR of 16.4 % during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Electric Hydrofoil BoaTS Market” that contains the information from 2019 to 2035.


The Global Electric Hydrofoil Boats Market is estimated to register a CAGR of 16.4% during the forecast period of 2025 to 2035.


MRFR recognizes the following companies as the key players in the Global Electric Hydrofoil Boats Market — CANDELA, ENVGO INC, NAVIER MOBILITY, ARTEMIS TECHNOLOGIES, VESSEV, BOUNDARY LAYER TECHNOLOGIES, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, DATA CITATIONS., and Others.


The Global Electric Hydrofoil Boats Market is accounted for to register a CAGR of 16.4% during the forecast period and is estimated to reach USD 493.40 million by 2035.


The transition toward fossil fuel-free transport is the major driver in the growing interest in electric hydrofoil boats since these transports are uniquely efficient and environmentally friendly than conventional watercrafts. These are hydrofoil boats with electric propulsion systems that sailing above the water on wing like foils; minimizing drag and therefore using much less energy than traditional boats at the same speeds and accomplishing much greater distances at very low impact to the environment.  Electric hydrofoils are becoming industries and individual’s preference as global interest is shifting to green, sustainable commutes. The electric hydrofoil boats are environmentally friendly therefore have zero emissions and are less noisy than gas-powered boats which is attractive to urban workers and tourism persons in sensitive areas.  For example, Candela, the maker of zero-emission, electric hydrofoil boats, and Al Seer Marine, a world maritime organization with its headquarters in Abu Dhabi, released a collaboration to transform the approach to water-borne public transit in the emirate.


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Segmental Analysis


The Global ELECTRIC HYDROFOIL BOATS Market has been segmented based on By Type, By Range, By End Users.


Based on type, the global electric hydrofoil boats market has been segmented into V-Shaped Foil and T-Shaped Foil. The T-Shaped Foil segment dominated the global market in 2023, while the T-Shaped Foil is projected to be the fastest–growing segment during the forecast period. T-shaped foils are completely immersed in water and typically have a horizontal wing rather than the curved wing found in V-shaped hydrofoils. This makes them less susceptible to wave movement and thus more stable at sea. They are also more efficient, as they generate less drag. T-shaped foils, on the other hand, do not stabilize themselves. The angle of attack on the hydrofoils must be modified on a constant basis to reflect changing conditions. Sensors and inbuilt computers must be used in this situation. The Candela C-8 electric hydrofoil boat is powered by this technology. When foiling, the T-shaped foil helps regulate pitch and roll motion, and it also functions as a rudder during low-speed displacement maneuvers.


Based on range, the global electric hydrofoil boats market has been segmented into Up to 45 Nm and more than 45 Nm Electric hydrofoil boats, capable of traveling up to 45 nautical miles (NM), are perfect for shorter journeys and leisurely pursuits. The Up to 45 Nm segment dominated the global market in 2023, while the More than 45 Nm is projected to be the fastest–growing segment during the forecast period. Electric hydrofoil boats, capable of traveling up to 45 nautical miles (NM), are perfect for shorter journeys and leisurely pursuits. These boats are generally smaller and more compact, which makes them simpler to store and move. They provide a peaceful and environmentally friendly boating experience, ideal for discovering coastal waters, lakes, and rivers. Ensuring an optimal speed (typically around 20-25 knots) is vital for preserving battery life, even when the range is only 45 NM. Numerous designs incorporate smart systems that change the hydrofoil angle, working to enhance the equilibrium between speed and distance.


Based on end user, the global electric hydrofoil boats market has been segmented into water transport/taxi operators, rental/charter companies, smart cities/municipalities, water resorts/travel & hospitality and Others . The Water Transport/Taxi Operators segment dominated the global market in 2023, while the Smart Cities/Municipalities is projected to be the fastest–growing segment during the forecast period. The concept of electric hydro-foil boats has a significant impact on water taxi operators since it transforms their services into more efficient and sustainable means of transport. Hydrofoils have less drag and that implies that they use much less energy, hence having lower operational costs. The fact that they can move at high speed without generating large wake makes them ideal for the congested urban water transport system where noise and environmental pollution are of main concern. The electric hydro-foil boats offer passengers a smooth, quiet ride, contributing to improving customer satisfaction, which is critical for operators that strive to promote green image and decrease their environmental impact.


 


Regional Analysis


Geographically, the global electric hydrofoil boats are segmented into North America, Europe, Asia-Pacific, and the rest of the world


North America consists of US, Canada and Mexico. North America electric hydrofoil boats market is expected to expand due to the need to adopt environmentally friendly means of transportation, advances in marine technology and the growing interest in sustainable recreational activities. North American consumers’ interest in electric vehicles has not been limited to automobiles; consumers are now going for hydrofoil boats because they are designed to be environmentally friendly.


The market for electric hydrofoil boats in the European market is experiencing a steady rise due to the emphasis on environmental conservation, restrictions on emissions, and widespread boating passion. Given the EU strategies promoting green transport, including on water, electric hydrofoil boats are steadily finding their place as a more environmentally friendly means as tourist or business craft. They are attractive because they work with less power and generate less waves – characteristics that are in line with Europe’s environmental objectives.


The APAC region consists of China, India, Japan, Australia, New Zealand, Singapore and rest of APAC. Asia-Pacific is expected to increase at the quickest rate throughout the projection period. Stringent pollution control regulations, as well as increased usage of speedboats, are projected to drive market expansion in this region in coming years. In June 2020, the Chinese Ministry of Transport (MOT) unveiled its inland waterway transportation strategic development guidelines and targets for 2050. Decarbonization initiatives, combined with increased demand for aquatic transportation, particularly in China, Thailand, Vietnam, and Indonesia, are projected to accelerate the adoption of electric boats in Asia Pacific in the future.


The rest of the world consists of Middle East & Africa and South America regions. The Middle East and Africa region is witnessing the need for electric hydrofoil boats because of environmental initiatives, increased tourism, and a focus on future technology in the marine industry. When sustainability becomes an issue in these parts, electric hydrofoils can be viewed as being environmentally friendly as compared to conventional vessels because they have lower emissions, are energy efficient, and do not disturb the water body—features ideal for metropolitan and marine environments, respectively.


Key Findings of the Study



  • The Global Electric Hydrofoil Boats Market is expected to reach USD 40 million by 2035, at a CAGR of 16.4 % during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market.

  • Based on Type, V-Shaped Foil Electric Hydrofoil Boats segment was attributed to holding the largest market in 2024.

  • CANDELA, ENVGO INC, NAVIER MOBILITY, ARTEMIS TECHNOLOGIES, VESSEV, BOUNDARY LAYER TECHNOLOGIES, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, DATA CITATIONS., and Others are some of the players in the market.


 

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Report details
Base Year 2020
Companies Covered 15
Pages 179
Certified Global Research Member
Isomar 1 Iso 1
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