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    Marine Electric Vehicles Market

    ID: 1084
    134 Pages
    Research Team
    09/2019

    Marine Electric Vehicle Market Research Report Information By Vehicle Type (Battery Electric, Plug-In Hybrid Electric, and Hybrid Electric), By Platform (On-water and Underwater), By Craft Application (Military, Leisure Tourist Surface Boat, Work Boat, Autonomous Underwater Vehicle (AUV), Personal Tourist Submarine and others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The ...

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    Market Summary

    Research Methodology on Marine Electric Vehicles Market


    1. Introduction


    The present research is about the potential of the Marine electric vehicles market and its constant growth and development from 2023 to 2030. This research takes into account the scientific study of the variables and parameters associated with the industry of marine electric vehicles, the size and value of the market, the dynamics affecting its performance and the technology and regulations behind the success of these vehicles. The report has been created to illustrate an extensive view of the current market situation.


    2. Research Approach


    The research is conducted by keeping the following objectives in mind:



    • To understand the nature of the marine electric vehicles market.

    • To identify the key factors associated with the growth of the marine electric vehicles market.

    • To examine the size, value and trends of the global marine electric vehicles market.

    • To analyze the effect of technological advancements, regulations, and policies on the industry.

    • To present a comprehensive forecast of the market performance in the next seven years.


    To achieve these objectives, primary and secondary research techniques were used. Primary research was used to collect primary data through surveys and interviews. The key industry participants were met and consulted to understand their perspectives. The secondary research involved desk-based research and researching through published sources such as reports, periodicals, newspapers, and trade magazines.


    3. Research Methodology


    To create an accurate report and analyze the market completely, the research follows a systematic approach. The methodology included the following steps:



    • Setting objectives for the research

    • Identifying the source of data

    • Designing a research study

    • Collecting and analyzing data

    • Interpreting the data

    • Presenting the results


    The data collection method used in the research was based on primary as well as secondary sources. The primary sources included interviews with key industry experts, such as manufacturers, suppliers, and customers. The secondary sources included reports, periodicals, newspapers, and trade magazines. Both the primary and secondary sources were collated, summarized and analyzed.


    4. Model Design


    To understand the dynamics of the market, the report follows a SWOT analysis. This analysis involves an in-depth examination of both the strengths and weaknesses of the market, as well as potential opportunities and threats arising from macroeconomic and technological changes. The market’s opportunities and threats are evaluated on the basis of emerging trends and technologies, changing dynamics of the industry, and regulations and policies affecting the industry. To gain better insight into the market, the forecasting process was based on historical data, trends and other insights. The market size and market share are estimated with the help of a market survey and analysis.


    5. Data Analysis


    The data analysis involved two phases: exploratory and confirmatory data analysis. In the exploratory data analysis, descriptive statistics were used and the data was analyzed through graphs and charts to identify the trends, uncover relationships, and explore patterns. In the confirmatory analysis, the data were further tested to determine the cause-effect and validate the results obtained from the exploratory analysis. Statistical tests and 3D visualizations were used for a more accurate understanding.


    6. Conclusion


    The present research is about the potential of the marine electric vehicles market. In the process of creating this report, both qualitative and quantitative research methods have been used. The primary research included interviews with market experts and secondary sources included reports, periodicals, newspapers and trade magazines. The data were analyzed through descriptive methods such as graphs and charts. The SWOT analysis was conducted to identify the opportunities, strengths and threats that the market poses. Finally, forecasting is done based on historical data and trends.

    Market Size & Forecast

    Marine Electric Vehicle Market Report Scope
    Attribute/Metric Details
    Market Size2022 USD 341.2billion
    Market Size 2023 USD 382.86billion
    Market Size 2030 USD 764.240billion
    Compound Annual Growth Rate (CAGR) 12.21% (2023-2030)
    Base Year 2022
    Market Forecast Period 2023-2030
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, By Platform,Craft Application, and Region
    Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Boesch Motorboote AG (Switzerland),Electrovaya (Canada),Corvus Energy (Canada), Duffy Electric Boat (US),Torqeedo GmBH (Germany), Triton Submarines (US),Ruban Bleu (France), Saft (France),Wärtsilä- (Finland), Boeing (US), Andaman Boatyard (Thailand)
    Key Market Opportunities Underwater robotic vehicles have far more uses than the present generation does.
    Key Market Dynamics Rising environmental concerns are driving the market growth

    Major Players

    Marine Electric Vehicle Market Segmentation

    Marine Electric Vehicle Type Outlook (USD Billion, 2019-2030)

    • Battery Electric

    • Plug-In Hybrid Electric

    • Hybrid Electric

    Marine Electric Vehicle Platform Outlook (USD Billion, 2019-2030)

    • On-water

    • Underwater

    Marine Electric Vehicle Craft Application Outlook (USD Billion, 2019-2030)

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

    Marine Electric Vehicle Regional Outlook (USD Billion, 2019-2030)

    • North America Outlook (USD Billion, 2019-2030)

      • North America Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • North America Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • North America Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • US Outlook (USD Billion, 2019-2030)

      • US Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • US Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • US Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • CANADA Outlook (USD Billion, 2019-2030)

      • CANADA Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • CANADA Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • CANADA Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

    • Europe Outlook (USD Billion, 2019-2030)

      • Europe Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Europe Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Europe Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Germany Outlook (USD Billion, 2019-2030)

      • Germany Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Germany Marine Electric Vehicle by Platform

    • On-water

    • Underwater

      • Germany Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • France Outlook (USD Billion, 2019-2030)

      • France Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • France Marine Electric Vehicle by Platform

    • On-water

    • Underwater

      • France Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • UK Outlook (USD Billion, 2019-2030)

      • UK Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • UK Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • UK Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • ITALY Outlook (USD Billion, 2019-2030)

      • ITALY Marine Electric Vehicle by Type of Storage

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

    • ITALY Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • ITALY Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • SPAIN Outlook (USD Billion, 2019-2030)

      • Spain Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Spain Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Spain Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Rest Of Europe Outlook (USD Billion, 2019-2030)

      • Rest Of Europe Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Rest Of Europe Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Rest Of Europe Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    Others

    • Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Asia-Pacific Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Asia-Pacific Marine Electric Vehicle by Platform

    • On-water

    • Underwater

      • Asia-Pacific Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • China Outlook (USD Billion, 2019-2030)

      • China Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • China Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • China Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Japan Outlook (USD Billion, 2019-2030)

      • Japan Marine Electric Vehicle by Type of Storage

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Japan Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Japan Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • India Outlook (USD Billion, 2019-2030)

      • India Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • India Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • India Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Australia Outlook (USD Billion, 2019-2030)

      • Australia Marine Electric Vehicle by Type of Storage

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Australia Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Australia Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Rest of Asia-Pacific Marine Electric Vehicle by Type of Storage

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Rest of Asia-Pacific Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Rest of Asia-Pacific Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

    • Rest of the World Outlook (USD Billion, 2019-2030)

      • Rest of the World Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Rest of the World Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Rest of the World Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Middle East Outlook (USD Billion, 2019-2030)

      • Middle East Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Middle East Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Middle East Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Africa Outlook (USD Billion, 2019-2030)

      • Africa Marine Electric Vehicle by Type of Storage

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Africa Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Africa Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

      • Latin America Outlook (USD Billion, 2019-2030)

      • Latin America Marine Electric Vehicle by Type

        • Battery Electric

        • Plug-In Hybrid Electric

        • Hybrid Electric

      • Latin America Marine Electric Vehicle by Platform

    • On-water

    • Underwater

    • Latin America Marine Electric Vehicle by Craft Application

    • Military

    • Leisure Tourist Surface Boat

    • Work Boat

    • Autonomous Underwater Vehicle (AUV)

    • Personal Tourist Submarine

    • Others

    Market Trends

    Global Marine Electric Vehicle Market Overview

    Marine Electric Vehicle Market Size was valued at USD 341.2 billion in 2022. The Marine Electric Vehicle market industry is projected to grow from USD 382.860 Billion in 2023 to USD 764.2403 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.21% during the forecast period (2023 - 2030). With the increased demand for shipping and rising environmental concerns, there is an increase in the need for low and zero-emission vessels (ZEVs). This, in confluence with the emerging trend of digitalization and automation, the depletion of fossil fuels, and a significant shift in preferences from diesel-powered to hybrid electric boats, are the key market drivers enhancing market growth.

    Marine Electric Vehicle Market Overview Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

     Marine Electric Vehicle Market Trends

      • Rising environmental concerns are driving the market growth.

    Due to the growing number of marine-based activities coupled with rising environmental concerns, there is an increasing need for zero-emission vessels (ZEVs). This, coupled with the significant shift in preferences from diesel-powered to hybrid electric boats, bolsters the Market CAGR of marine electric vehicles for comm...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Marine Electric Vehicles Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Marine Electric Vehicles Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Marine Electric Vehicle Market Report Scope
    Attribute/Metric Details
    Market Size2022 USD 341.2billion
    Market Size 2023 USD 382.86billion
    Market Size 2030 USD 764.240billion
    Compound Annual Growth Rate (CAGR) 12.21% (2023-2030)
    Base Year 2022
    Market Forecast Period 2023-2030
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, By Platform,Craft Application, and Region
    Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Boesch Motorboote AG (Switzerland),Electrovaya (Canada),Corvus Energy (Canada), Duffy Electric Boat (US),Torqeedo GmBH (Germany), Triton Submarines (US),Ruban Bleu (France), Saft (France),Wärtsilä- (Finland), Boeing (US), Andaman Boatyard (Thailand)
    Key Market Opportunities Underwater robotic vehicles have far more uses than the present generation does.
    Key Market Dynamics Rising environmental concerns are driving the market growth

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    What is the CAGR of the marine electric vehicle market?

    Marine electric vehicle market can rise at 10.21% CAGR by 2025.

    What is marine electric vehicle market valuation?

    By 2023, the marine electric vehicle market can worth USD 4,910 million.

    Who are marine electric vehicle market key players?

    Triton Submarines (US), Torqeedo GmBH (Germany), and Ruban Bleu (France) are some well-established marine electric vehicle market players.

    What can drive the marine electric vehicle market?

    Increase in demand of aviation services to support the marine electric vehicle market.

    In which region is marine electric vehicle market expected to thrive?

    Europe marine electric vehicle market to rise at decent pace in the assessment period.

    1. Market Introduction
    2. Market Insights
    3. Market Dynamics
    4. Market Factor Analysis
    5. Global Marine Electric Vehicle Market, By Vehicle
    6. Global Marine Electric Vehicle Market,
    7. Global Marine Electric Vehicle Market, By Craft
    8. Global Marine
    9. Competitive Landscape
    10. Company Profiles
    11. Industry Insights
    12. List Of Tables
    13. Global Marine Electric Vehicle Vehicle Type Market, By Region, 2023-2030
    14. Asia-Pacific: Marine Electric Vehicle Craft Application Market, By Country, 2023-2030
    15. North America: Marine Electric Vehicle Market, By Country, 2023-2030
    16. Latin America: Marine Electric Vehicle Market, By Craft Application, 2023-2030
    17. List Of Figures
    18. Value Chain Analysis
    19. Global: Marine Electric Vehicle Market Share, By Craft Application, 2022 (%)
    20. Asia-Pacific: Marine Electric Vehicle Market Share (%), 2022
    21. Asia-Pacific: Marine Electric Vehicle Market, By Country, 2023-2030 (USD Million)

    Marine Electric Vehicle Market Segmentation

    Marine Electric Vehicle Type Outlook (USD Billion, 2019-2030)

    • Battery Electric
    • Plug-In Hybrid Electric
    • Hybrid Electric

    Marine Electric Vehicle Platform Outlook (USD Billion, 2019-2030)

    • On-water
    • Underwater

    Marine Electric Vehicle Craft Application Outlook (USD Billion, 2019-2030)

    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

    Marine Electric Vehicle Regional Outlook (USD Billion, 2019-2030)

    • North America Outlook (USD Billion, 2019-2030)

      • North America Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric

      • North America Marine Electric Vehicle by Platform

    • On-water
    • Underwater
    • North America Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • US Outlook (USD Billion, 2019-2030)

      • US Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • US Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • US Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • CANADA Outlook (USD Billion, 2019-2030)

      • CANADA Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • CANADA Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • CANADA Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

    • Europe Outlook (USD Billion, 2019-2030)

      • Europe Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Europe Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Europe Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Germany Outlook (USD Billion, 2019-2030)

      • Germany Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Germany Marine Electric Vehicle by Platform
    • On-water
    • Underwater
      • Germany Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • France Outlook (USD Billion, 2019-2030)

      • France Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • France Marine Electric Vehicle by Platform
    • On-water
    • Underwater
      • France Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • UK Outlook (USD Billion, 2019-2030)

      • UK Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • UK Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • UK Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • ITALY Outlook (USD Billion, 2019-2030)

      • ITALY Marine Electric Vehicle by Type of Storage
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
    • ITALY Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • ITALY Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • SPAIN Outlook (USD Billion, 2019-2030)

      • Spain Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Spain Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Spain Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Rest Of Europe Outlook (USD Billion, 2019-2030)

      • Rest Of Europe Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Rest Of Europe Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Rest Of Europe Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine

    Others

    • Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Asia-Pacific Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Asia-Pacific Marine Electric Vehicle by Platform
    • On-water
    • Underwater
      • Asia-Pacific Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • China Outlook (USD Billion, 2019-2030)

      • China Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • China Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • China Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Japan Outlook (USD Billion, 2019-2030)

      • Japan Marine Electric Vehicle by Type of Storage
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Japan Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Japan Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • India Outlook (USD Billion, 2019-2030)

      • India Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • India Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • India Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Australia Outlook (USD Billion, 2019-2030)

      • Australia Marine Electric Vehicle by Type of Storage
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Australia Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Australia Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Rest of Asia-Pacific Marine Electric Vehicle by Type of Storage
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Rest of Asia-Pacific Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Rest of Asia-Pacific Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

    • Rest of the World Outlook (USD Billion, 2019-2030)

      • Rest of the World Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Rest of the World Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Rest of the World Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Middle East Outlook (USD Billion, 2019-2030)

      • Middle East Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Middle East Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Middle East Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Africa Outlook (USD Billion, 2019-2030)

      • Africa Marine Electric Vehicle by Type of Storage
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Africa Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Africa Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

      • Latin America Outlook (USD Billion, 2019-2030)

      • Latin America Marine Electric Vehicle by Type
        • Battery Electric
        • Plug-In Hybrid Electric
        • Hybrid Electric
      • Latin America Marine Electric Vehicle by Platform
    • On-water
    • Underwater
    • Latin America Marine Electric Vehicle by Craft Application
    • Military
    • Leisure Tourist Surface Boat
    • Work Boat
    • Autonomous Underwater Vehicle (AUV)
    • Personal Tourist Submarine
    • Others

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