The Electric Hydrofoil Boats Market size was valued at USD 125.59 Million in 2024. The Electric Hydrofoil Boats industry is projected to grow from USD 153.22 Million in 2025 to USD 493.4 million by 2035, exhibiting a compound annual growth rate (CAGR) of 16.4% during the forecast period (2025-2035). Increasing Popularity Due To Fast Electric Commuting And Fossil Fuel-Free Transport With Superior Efficiency And Environmental Benefits and Compliance are driving the growth of the Electric Hydrofoil Boats market.
As per Analyst at MRFR, “The advancement towards electric-powered commuter cars has been fast and steady and therefore the hydrofoil electric hydrofoil boats are popular as these are eco-friendly, energy-efficient and exciting substitutes to the traditional watercrafts. Electric hydrofoils also use electricity for propulsion together with hydrofoil technology to make the boat float above water and hence has lower drag, high speed and long-distance capability.”
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Growing Maritime Activities In Developing Nations
Maritime activities are expected to grow in developing nations, and this can create substantial opportunities for electric hydrofoil boats. These regions, with extensive coastlines, island groups and large tracts of inland waterways, contain very dynamic segments of marine tourism, inter-island movement and local water-borne transport. This boom in marine activity has been accompanied by an increase in demand for ecologically friendly solutions, as developing countries seek to lower the environmental effect of their transportation and tourism industries.
Electric hydrofoil boats, which offer clean, efficient, and quiet transportation, are ideal for supporting this trend because to their low emissions, low wake impact, and overall operational efficiency. Electric hydrofoils are particularly appealing in areas concerned with lowering pollution and fuel reliance. Compared to traditional fuel-powered boats, these watercrafts have lower energy costs and require less maintenance. This makes them a financially viable option for developing countries looking for long-term solutions that align with global environmental goals.
Moreover, the electric hydrofoil is quite noiseless compared to traditional hydrofoils and this is a great determinant when it comes to the passengers’ experience and also in protecting the delicate marine ecosystems ideal for, eco-tourism and coastal transport. The development of such infrastructure in ports and waterways in developing nations also revitalizes the penetration of electric hydrofoil into these populations.
With the ongoing enhancement of the marine transport systems, there has will always be the pressure to adopt moderate performance vessels with special regard to the environmental factors. Electric hydrofoils meet these needs by providing efficient movement in short distances that are characteristic of island or coastal corridors. Therefore, these factors are contributing to offer a growth prospects for the market.
Based on type, the 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.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on range, the 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 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.
Based on Region, 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. These boats or hydrofoils help to remove drag as the hull gets raised off the water which helps in creating quieter, faster, and more energy efficient boat trips.
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. In addition, Northern Ireland’s Artemis Technologies is also a driving force with electric hydrofoil vessels that targets leisure and business markets. Artemis has worked with Belfast Maritime Consortium on the design of zero emission ferries aimed at traffic jams as well as emissions on busy waterways
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the countries considered in the scope of the ELECTRIC HYDROFOIL BOATS Market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Electric Hydrofoil Boats market grow even more. Market participants are also taking a range of strategic initiatives to grow their footprint globally, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the ELECTRIC HYDROFOIL BOATS industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
In the competitive Electric Hydrofoil Boats industry, companies are driving innovation by developing integrated Electric Hydrofoil Boats solutions with strong compatibility and scalable connectivity options. According to MRFR analysis, the key players in the Electric Hydrofoil Boats sector include CANDELA, ENVGO INC, NAVIER MOBILITY, ARTEMIS TECHNOLOGIES, VESSEV, BOUNDARY LAYER TECHNOLOGIES, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, DATA CITATIONS.
August 2024 : ENVGO introduced NV1 electric hydrofoiling boat with 80 miles of range and DC charging. These limitations are surmounted by NVGO’s more superior hydrofoil technology coupled with the electric propulsion systems that provide about four times performance improvement. NV1 perfectly responds to the requirement of the luxury segment but at the same time, presents the opportunity to think eco-friendly without compromising performance to ensure a special experience on the water.
December 2022: Navier demonstrated the result of doing one of the hard things – the N30, the first commercial electric hydrofoiling boats in America. The N30 is not only the first all-electric hydrofoiling boat in the US market, it is also the longest range electric boat in the world; the open variant can get nearly 100 miles at cruising speed on a single charge.
North America
US
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East & Africa
South America
| Report Attribute/Metric | Details |
| Market Size 2024 | USD Â 125.59 million |
| Market Size 2025 | USD 153.22 million |
| Market Size 2035 | USD 493.40 million |
| Compound Annual Growth Rate (CAGR) | 16.4 % (2025 -2035) |
| Base Year | 2024 |
| Forecast Period | 2025-2035 |
| Historical Data | 2019-2023 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Range, End Users |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered | The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil |
| Key Companies Profiled | CANDELA, ENVGO INC, NAVIER MOBILITY, ARTEMIS TECHNOLOGIES, VESSEV, BOUNDARY LAYER TECHNOLOGIES, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, DATA CITATIONS. |
| Key Market Opportunities | GROWING MARITIME ACTIVITIES IN DEVELOPING NATIONS ADVANCEMENTS IN BATTERY TECHNOLOGY AND RENEWABLE ENERGY INTEGRATION |
| Key Market Dynamics | INCREASING POPULARITY DUE TO FAST ELECTRIC COMMUTING FOSSIL FUEL-FREE TRANSPORT WITH SUPERIOR EFFICIENCY AND ENVIRONMENTAL BENEFITS |
Frequently Asked Questions (FAQ) :
Electric Hydrofoil Boats market Size USD 125.59 Million in 2024
Growth rate of the Video market 16.4% by 2035
Europe Region held the largest market share in the Electric Hydrofoil Boats market.
CANDELA, ENVGO INC, NAVIER MOBILITY, ARTEMIS TECHNOLOGIES, VESSEV, BOUNDARY LAYER TECHNOLOGIES, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, DATA CITATIONS.
The V-Shaped Foil dominated the market in 2024
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Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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