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report thumbnailU.S. Small Autonomous Pleasure Boat Market

U.S. Small Autonomous Pleasure Boat Market 11.8 CAGR Growth Outlook 2024-2030

U.S. Small Autonomous Pleasure Boat Market by Propulsion Type (Diesel, Electric), by Level of Autonomy (Level 1, Level 2, Level 3), by Application (Cruising, Water Sports), by Forecast 2024-2032

Jun 3 2024
Base Year: 2023
120 Pages
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U.S. Small Autonomous Pleasure Boat Market 11.8 CAGR Growth Outlook 2024-2030

Key Insights

The U.S. Small Autonomous Pleasure Boat Marketsize was valued at USD 210.8 USD Million in 2023 and is projected to reach USD 460.22 USD Million by 2032, exhibiting a CAGR of 11.8 % during the forecast period. Small Autonomous Pleasure Boat (SAPB) is defined as a type of unmanned watercraft for leisure activities. They range from electric boats to boats that can use solar power to navigate and avoid collisions Much of what the following boats can offer are the following among the boat types. SAPBs enable the following uses of recreation facilities; leisure cruising; fishing and water sports. There are also other features: the remote control, GPS, and Automatic protection systems. Therefore, the demand for SAPBs with environmentally friendly and advanced technology is expected to change with the development in the U. S market for self-driving automobiles and green recreation. These vessels are convenient to use, fun, and respectful of the environment, which corresponds to the latter consumer trends.

U.S. Small Autonomous Pleasure Boat Market Research Report - Market Size, Growth & Forecast

U.S. Small Autonomous Pleasure Boat Trends

  • The increasing popularity of autonomous technology in the marine industry
  • Growing demand for convenience and safety in pleasure boating
  • Rising disposable income and leisure time among consumers

Driving Forces: What's Propelling the U.S. Small Autonomous Pleasure Boat Market

  • Advancements in autonomous technology: Improvements in sensors, navigation systems, and artificial intelligence (AI) are enabling autonomous boats to navigate and operate safely and efficiently.
  • Government regulations: Growing support for autonomous technology in the maritime industry is leading to favorable regulations and policies.
  • Increased consumer adoption: Consumers are increasingly embracing autonomous features in various aspects of their lives, including boating.

Challenges and Restraints in the U.S. Small Autonomous Pleasure Boat Market

  • High cost of autonomous technology: Autonomous boats require significant investment in sensors, navigation systems, and AI algorithms.
  • Regulatory hurdles: Navigating complex regulatory frameworks and obtaining necessary approvals can delay market adoption.
  • Cybersecurity concerns: Autonomous boats present cybersecurity risks that need to be addressed to ensure safe and reliable operation.

Emerging Trends in U.S. Small Autonomous Pleasure Boat

  • Hybrid propulsion systems: Combining diesel and electric propulsion offers increased efficiency and range.
  • Advanced safety features: Autonomous boats are equipped with collision avoidance systems, emergency braking, and remote monitoring capabilities.
  • Personalized experiences: Integrated entertainment and comfort features tailored to individual preferences enhance the boating experience.

Growth Catalysts in the U.S. Small Autonomous Pleasure Boat Industry

U.S. Small Autonomous Pleasure Boat Market Growth
  • Technological advancements: Ongoing research and development in autonomous technology is driving innovation and market expansion.
  • Consumer awareness: Increasing media coverage and positive testimonials promote consumer awareness and adoption.
  • Collaboration: Partnerships between technology companies, manufacturers, and regulators facilitate market growth.

Market Segmentation: U.S. Small Autonomous Pleasure Boat Analysis

Propulsion Type

  • Diesel
  • Electric

Level of Autonomy

  • Level 1 (Assisted Driving)
  • Level 2 (Partial Automation)
  • Level 3 (Conditional Automation)

Application

  • Cruising
  • Water Sports

Leading Players in the U.S. Small Autonomous Pleasure Boat Market

  • Boston Whaler Boats (U.S.)
  • Garmin Ltd. (Switzerland)
  • Raymarine (U.K.)
  • Volvo Penta (Sweden)
  • Navier (U.S.)
  • Alloy (U.S.)
  • MasterCraft Boat Company (U.S.)
  • Malibu Boats (U.S.)
  • Sea Ray Boats (U.S.)
  • Chaparral Boats (U.S.)

Significant Developments in the U.S. Small Autonomous Pleasure Boat Sector

  • January 2023: Garmin launches the Reactor 4X Autopilot with Shadow Drive, an advanced autonomous driving system for small pleasure boats.
  • March 2023: Navier unveils the Navier 30, a self-driving speedboat designed specifically for water sports enthusiasts.
  • June 2023: Volvo Penta partners with Navier to integrate its autonomous technology into its inboard and sterndrive systems.

Comprehensive Coverage U.S. Small Autonomous Pleasure Boat Market Report

  • Market Definition and Scope
  • Market Trends and Drivers
  • Challenges and Restraints
  • Segmentation Analysis
  • Competitive Landscape
  • Key Market Players
  • Growth Catalysts
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • PESTLE Analysis
  • Regional Market Analysis
  • Industry Projections and Forecasts
  • Appendix

U.S. Small Autonomous Pleasure Boat Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 11.8% from 2018-2032
Segmentation
    • By Propulsion Type
      • Diesel
      • Electric
    • By Level of Autonomy
      • Level 1
      • Level 2
      • Level 3
    • By Application
      • Cruising
      • Water Sports
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing Demand for Forged Products in Power
        • 3.2.2 Agriculture
        • 3.2.3 Aerospace
        • 3.2.4 and Defense to Drive Industry Expansion
      • 3.3. Market Restrains
        • 3.3.1. High Capital Investment in R&D of Autonomous Technology to Restrain Product Growth
      • 3.4. Market Trends
        • 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Small Autonomous Pleasure Boat Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 5.1.1. Diesel
      • 5.1.2. Electric
    • 5.2. Market Analysis, Insights and Forecast - by Level of Autonomy
      • 5.2.1. Level 1
      • 5.2.2. Level 2
      • 5.2.3. Level 3
    • 5.3. Market Analysis, Insights and Forecast - by Application
      • 5.3.1. Cruising
      • 5.3.2. Water Sports
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1.
  6. 6. Northeast U.S. Small Autonomous Pleasure Boat Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Propulsion Type
        • 6.1.1. Diesel and Electric
      • 6.2. Market Analysis, Insights and Forecast - By Level of Autonomy
        • 6.2.1 Level 1
        • 6.2.2 Level 2
        • 6.2.3 and Level 3
      • 6.3. Market Analysis, Insights and Forecast - By Application
        • 6.3.1. Cruising and Water Sports
  7. 7. Southeast U.S. Small Autonomous Pleasure Boat Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Propulsion Type
        • 7.1.1. Diesel and Electric
      • 7.2. Market Analysis, Insights and Forecast - By Level of Autonomy
        • 7.2.1 Level 1
        • 7.2.2 Level 2
        • 7.2.3 and Level 3
      • 7.3. Market Analysis, Insights and Forecast - By Application
        • 7.3.1. Cruising and Water Sports
  8. 8. Midwest U.S. Small Autonomous Pleasure Boat Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Propulsion Type
        • 8.1.1. Diesel and Electric
      • 8.2. Market Analysis, Insights and Forecast - By Level of Autonomy
        • 8.2.1 Level 1
        • 8.2.2 Level 2
        • 8.2.3 and Level 3
      • 8.3. Market Analysis, Insights and Forecast - By Application
        • 8.3.1. Cruising and Water Sports
  9. 9. Southwest U.S. Small Autonomous Pleasure Boat Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Propulsion Type
        • 9.1.1. Diesel and Electric
      • 9.2. Market Analysis, Insights and Forecast - By Level of Autonomy
        • 9.2.1 Level 1
        • 9.2.2 Level 2
        • 9.2.3 and Level 3
      • 9.3. Market Analysis, Insights and Forecast - By Application
        • 9.3.1. Cruising and Water Sports
  10. 10. West U.S. Small Autonomous Pleasure Boat Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Propulsion Type
        • 10.1.1. Diesel and Electric
      • 10.2. Market Analysis, Insights and Forecast - By Level of Autonomy
        • 10.2.1 Level 1
        • 10.2.2 Level 2
        • 10.2.3 and Level 3
      • 10.3. Market Analysis, Insights and Forecast - By Application
        • 10.3.1. Cruising and Water Sports
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Boston Whaler Boats (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Garmin Ltd. (Switzerland)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Raymarine (U.K.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Volvo Penta (Sweden)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Navier (U.S.)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Alloy (U.S.)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 MasterCraft Boat Company (U.S.)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Malibu Boats (U.S.)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Sea Ray Boats (U.S.)
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 Chaparral Boats (U.S.)
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Small Autonomous Pleasure Boat Market Revenue Breakdown (USD Million, %) by Product 2023 & 2031
  2. Figure 2: U.S. Small Autonomous Pleasure Boat Market Value Share (%), by Propulsion Type 2023 & 2031
  3. Figure 3: U.S. Small Autonomous Pleasure Boat Market Value Share (%), by Level of Autonomy 2023 & 2031
  4. Figure 4: U.S. Small Autonomous Pleasure Boat Market Value Share (%), by Application 2023 & 2031
  5. Figure 5: U.S. Small Autonomous Pleasure Boat Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Propulsion Type 2018 & 2031
  2. Table 2: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Propulsion Type 2018 & 2031
  3. Table 3: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Level of Autonomy 2018 & 2031
  4. Table 4: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Level of Autonomy 2018 & 2031
  5. Table 5: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Application 2018 & 2031
  6. Table 6: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Application 2018 & 2031
  7. Table 7: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Region 2018 & 2031
  8. Table 8: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Region 2018 & 2031
  9. Table 9: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Propulsion Type 2018 & 2031
  10. Table 10: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Propulsion Type 2018 & 2031
  11. Table 11: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Level of Autonomy 2018 & 2031
  12. Table 12: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Level of Autonomy 2018 & 2031
  13. Table 13: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Application 2018 & 2031
  14. Table 14: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Application 2018 & 2031
  15. Table 15: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Region 2018 & 2031
  16. Table 16: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Region 2018 & 2031
  17. Table 17: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Propulsion Type 2018 & 2031
  18. Table 18: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Propulsion Type 2018 & 2031
  19. Table 19: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Level of Autonomy 2018 & 2031
  20. Table 20: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Level of Autonomy 2018 & 2031
  21. Table 21: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Application 2018 & 2031
  22. Table 22: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Application 2018 & 2031
  23. Table 23: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Country 2018 & 2031
  24. Table 24: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Country 2018 & 2031
  25. Table 25: Northeast U.S. Small Autonomous Pleasure Boat Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  26. Table 26: Northeast U.S. Small Autonomous Pleasure Boat Market Volume (K Units) Forecast, by Application 2018 & 2031
  27. Table 27: Southeast U.S. Small Autonomous Pleasure Boat Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  28. Table 28: Southeast U.S. Small Autonomous Pleasure Boat Market Volume (K Units) Forecast, by Application 2018 & 2031
  29. Table 29: Midwest U.S. Small Autonomous Pleasure Boat Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  30. Table 30: Midwest U.S. Small Autonomous Pleasure Boat Market Volume (K Units) Forecast, by Application 2018 & 2031
  31. Table 31: Southwest U.S. Small Autonomous Pleasure Boat Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  32. Table 32: Southwest U.S. Small Autonomous Pleasure Boat Market Volume (K Units) Forecast, by Application 2018 & 2031
  33. Table 33: West U.S. Small Autonomous Pleasure Boat Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  34. Table 34: West U.S. Small Autonomous Pleasure Boat Market Volume (K Units) Forecast, by Application 2018 & 2031
  35. Table 35: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Propulsion Type 2018 & 2031
  36. Table 36: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Propulsion Type 2018 & 2031
  37. Table 37: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Level of Autonomy 2018 & 2031
  38. Table 38: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Level of Autonomy 2018 & 2031
  39. Table 39: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Application 2018 & 2031
  40. Table 40: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Application 2018 & 2031
  41. Table 41: U.S. Small Autonomous Pleasure Boat Market Revenue USD Million Forecast, by Country 2018 & 2031
  42. Table 42: U.S. Small Autonomous Pleasure Boat Market Volume K Units Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 11.8% from 2018-2032
Segmentation
    • By Propulsion Type
      • Diesel
      • Electric
    • By Level of Autonomy
      • Level 1
      • Level 2
      • Level 3
    • By Application
      • Cruising
      • Water Sports
  • By Geography

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Note* : In applicable scenarios

STEP 3 - Data Sources

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Secondary Research

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These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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