The global autonomous boats market is projected to grow from USD 592.65 million in 2024 to USD 1,460.69 million by 2034, registering an impressive CAGR of 9.44% over the forecast period. Europe currently dominates this market, while North America is set to witness strong growth ahead.
With semi-autonomous and fully electric boats leading today, future demand is rising for fully autonomous and hybrid-electric vessels, signaling a shift towards advanced technologies in maritime automation.
Market Highlights
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Europe held the largest market share in 2024.
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North America is projected to grow with a significant CAGR during 2024–2034.
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By autonomy level:
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Semi-autonomous boats dominate the current market.
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Fully autonomous vessels are expected to grow rapidly.
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By propulsion:
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Fully electric boats hold the lion’s share today.
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Hybrid-electric systems are emerging as a key growth area.
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This article also explores leading companies in the autonomous boats space, outlining their contributions and market presence.
Leading Companies in the Autonomous Boats Market
1. L3Harris ASV
About: L3Harris ASV, part of L3Harris Technologies, specializes in developing autonomous surface vehicles for commercial and defense applications.
Products: Their portfolio includes the C-Worker series for offshore tasks and C-Target for military target training.
Market Cap: L3Harris Technologies holds a market capitalization of approximately USD 40 billion (parent company).
2. Rolls-Royce PLC
About: Rolls-Royce is a pioneer in maritime autonomy, focusing on remote and autonomous ship technology.
Products: Known for the MTU Hybrid Propulsion Systems and advanced autonomous navigation solutions.
Market Cap: As of 2025, Rolls-Royce PLC has a market capitalization of around USD 30 billion.
3. Siemens AG
About: Siemens brings its expertise in automation and electrification to marine systems, supporting the shift to smart vessels.
Products: Their SISHIP EcoMAIN and energy-efficient drive systems are key enablers of autonomous operations.
Market Cap: Siemens AG’s market capitalization is approximately USD 160 billion.
4. ABB Group
About: ABB is at the forefront of electric propulsion and automation systems for ships, enabling greater autonomy.
Products: Solutions include the ABB Ability Marine Pilot Control and Azipod® electric propulsion systems.
Market Cap: ABB Group has a market capitalization of about USD 90 billion.
5. BAE Systems
About: BAE Systems focuses on defense and security applications of autonomous marine vehicles.
Products: Notable offerings include Pacific 24 Autonomous RIBs for naval operations.
Market Cap: BAE Systems’ market cap stands at approximately USD 45 billion.
6. Fugro
About: Fugro specializes in offshore surveying and geotechnical services, leveraging autonomous vessels for data collection.
Products: Their Fugro Blue Essence USV is a fully remote-controlled and autonomous surveying vessel.
Market Cap: Fugro’s market cap is estimated around USD 1.5 billion.
7. Garmin Ltd.
About: Garmin develops navigation and control systems vital for semi-autonomous marine applications.
Products: Offerings include autopilot systems, radar, and chartplotters for recreational and commercial vessels.
Market Cap: Garmin Ltd. has a market capitalization of roughly USD 20 billion.
8. Hyundai Heavy Industries
About: Hyundai Heavy Industries is advancing autonomous shipbuilding through its smart ship solutions division.
Products: Their HiNAS 2.0 (Hyundai Intelligent Navigation Assistant System) supports autonomous navigation.
Market Cap: Hyundai Heavy Industries has a market cap of approximately USD 6 billion.
9. Textron Systems
About: Textron Systems develops advanced autonomous surface vessels for military applications.
Products: Key products include the Common Unmanned Surface Vehicle (CUSV).
Market Cap: Textron Inc., the parent company, holds a market capitalization of around USD 16 billion.
Final Thoughts
The global autonomous boats market is entering a transformative phase, driven by technological innovations from leading players such as L3Harris ASV, Rolls-Royce, Siemens, and ABB. With Europe leading and North America showing strong momentum, the next decade promises a wave of smarter, greener, and more autonomous marine vessels.
Source : https://www.towardsautomotive.com/insights/autonomous-boats-market-sizing