Electric Boats, Small Submarines and Autonomous Underwater Vehicles (AUV) 2014-2024
Marine electric vehicles are now a rapidly growing market due to new capability, affordability and legislation banning or restricting internal combustion engines. Our research finds that the market for electric water craft, including those on and under water, will increase rapidly from $2.6 billion to $6.3 billion in 2023. In addition there is a market for electric outboard motors that will more than triple in value as high power pure electric versions become increasingly viable. There is also a new...
View full press release