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, 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 industry size is projected to expand at over 9% CAGR from 2023 to 2032, due to the rising interest in autonomous technologies coupled with the higher advancements in AI and navigation systems. For instance, in January 2021, Volvo Penta launched the industry's first fully integrated assisted docking system for providing boat captains with enhanced control and automation while compensating for dynamic variables like wind and current. Small autonomous pleasure boats also offer improved safety features, ease of operation, and the ability to navigate autonomously, further attracting consumers seeking innovative and convenient recreational options.

Additionally, there has been increasing emphasis on sustainability and eco-friendly solutions in the marine industry. The influx of government initiatives for supporting autonomous technologies and the integration of smart features will further elevate the product demand to cater to the evolving recreational boating sector.

The small autonomous pleasure boats industry is categorized into propulsion, application, level of autonomy, and region.

Based on propulsion, the industry value from the electric segment is anticipated to increase at substantial CAGR through 2032, driven by the rising demand for eco-friendly and sustainable recreational boating. Benefits of electric propulsion, including reduced environmental impacts, quiet operation, and low maintenance will also contribute significantly to the segment growth.

In terms of application, the small autonomous pleasure boats market from the watersports segment is projected to exhibit significant CAGR during 2023-2032. The growth is owing to the increasing popularity of autonomous vessels for water-based recreational activities. These boats offer innovative and enjoyable experiences, further attracting enthusiasts seeking autonomous solutions for watersports.

Regionally, the Asia Pacific small autonomous pleasure boats industry size is slated to thrive at rapid pace through 2032, due to the rising technological advancements, the growing consumer interest in autonomous technologies, and the booming leisure and recreational boating sector. The increasing government support for innovations and the growing adoption of autonomous solutions will drive the regional market expansion.