Electric Boats and Defense Innovation: Exploring Market Growth and Military Applications

The Global Electric Boat Market Size is expected to reach USD 11.8 billion by 2033, at a CAGR of 10.12% during the forecast period 2023 to 2033. The electric boat market is experiencing rapid growth, driven by increasing environmental awareness, advancements in battery technology, and supportive government policies promoting green transportation. These boats, powered by electric propulsion systems, offer eco-friendly alternatives to conventional fuel-powered vessels, significantly reducing emissions and noise pollution.