Technological Advancements In Hydrofoil Design Is Driving The Global Hydrofoil Boat Market, Are Expected To Drive Market Expansion In The Near Future At A CAGR Of 13.0% During The Forecast Period 2025 To 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Hydrofoil Boat Market” that contains information from 2019 to 2035.

The Global Hydrofoil Boat Market is estimated to register a CAGR of 13.0% during the forecast period of 2024 to 2035.

MRFR recognizes the following companies as the key players in the Global Hydrofoil Boat Market— include Candela, ENVGO Inc, Navier Mobility, Artemis Technologies, VESSEV, Boundary Layer Technologies, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, FOILCAT, SEAIR, EDORADO, Bering Marine, Flying Fish Maritime Innovations BV, And Among Others.

Market Highlights

The Global Hydrofoil Boat Market is estimated to register a CAGR of 13.0% during the forecast period and is estimated to reach USD 676.72 Million by 2035.

The need for faster and convenient transport for marine purposes is one of the prominent factors that encourages the growth of the Hydrofoil boat market. With regard to both the commercial and recreational markets, the consumer and the operators are looking for vessels that can travel faster, use less fuel and hence be more efficient than other vessels that they are replacing or competing with. Hydrofoil boat are those that rise the hull on the wings which are under the water which leads to significantly decrease of hydrodynamic drag . This helps them make higher speed with low energy compared to the conventional hull boats in this case.

This is evident in areas which have often island like topography or high population density near coastal areas; For instance, in Mediterranean, these boats are increasingly being used for ferrying passengers between islands, where the water is often rough. For instance, in the United Kingdom, Red Funnel which runs, high speed passenger ferry called Red Jet has considered the use of hydrofoil-based structures to improve on its transport time between Southampton and the Isle of Wight. Also, as the global interest on green tourism and ocean-friendly transport solutions rises, firms have turned their attention to hydrofoils as a better solution than diesel-powered ferries because of the latter ‘s wake impact.

Segment Analysis

The Global Hydrofoil Boat Market has been segmented based on By Size, By Type of Hull, By Hull Material, By Propulsion Type, By End Users.

Based on Size, the global Hydrofoil boat market has been segmented into Small (Up to 10 Meters), Medium (10-20 Meters) and Large (Over 20 Meters). The Medium (10-20 Meters) segment dominated the global market in 2024, while the Large (Over 20 Meters) is projected to be the fastest–growing segment during the forecast period.

Medium-sized Hydrofoil boat are commonly used for commercial, commuter, or patrol purposes. They strike a balance between speed, capacity, and range, making them suitable for inter-city water transport, tourism, or law enforcement. These vessels often feature enclosed cabins and seating for multiple passengers.

Based on Type of Hull, the global Hydrofoil boat market has been segmented Monohull and Catamaran (Twin-Hull). The Monohull segment dominated the global market in 2024, while the Monohull is projected to be the fastest–growing segment during the forecast period.

Monohulls are a classic vessel type of having only one hull. They have a simple design and low construction costs, being popular for personal watercraft, sport foilers and small passenger vessels. Hydrofoils give the monohull notable improvements in speed on efficiency compared to traditional displacement hulls.

Based on Hull Material, the global Hydrofoil boat market has been segmented Aluminium, Fiberglass and Carbon Fiber. The Carbon Fiber segment dominated the global market in 2024, while the Carbon Fiber is projected to be the fastest–growing segment during the forecast period.

Carbon fiber represents the greatest level of performance in hydrofoil hull construction, with unsurpassed stiffness and a very low weight that greatly increases lift and speed. Its good strength to weight ratio provides the hydrofoil vessels with the ability to go at higher speeds using less energy thus making it ideal race boats, high speed ferries and even the advanced naval applications.

Based on Propulsion Type, the global Hydrofoil boat market has been segmented Combustion and Electric. The Electric segment dominated the global market in 2024, while the Electric is projected to be the fastest–growing segment during the forecast period.

Electric propulsion is an emerging and fast-paced aspect of the Hydrofoil boat market due to the developments witnessed in the battery technology and the worldwide wheel toward decarbonization. Electric hydrofoils have the following major advantages: clean, silent operation, no direct discharge of carbons, low maintenance, and precise control of power. Such features make them especially appealing to recreational users, urban water taxis, eco-tourism, and coastal operations.

Based on End Users, the global Hydrofoil boat market has been segmented Personal/Individual Use, Water Transport/Taxi Operators, Rental/Charter Companies, Smart Cities/Municipalities, Water Resorts/Travel & Hospitality and Others . The Water Transport/Taxi Operators segment dominated the global market in 2024, while the Smart Cities/Municipalities is projected to be the fastest–growing segment during the forecast period.

Water taxi operators are becoming major adopters of hydrofoil technology particularly in urban and coastal areas that suffer from poor road infrastructure. Hydrofoil boat offer faster, more fuel-efficient transport across waterways, reducing commute times and carbon footprints. Cities like Stockholm, Venice, and San Francisco have shown interest in hydrofoil taxis as part of their public transport solutions. Reduced drag and lower operating expenses for operators make hydrofoils an attractive long-term investment. This section is likely to be quite big, as cities are looking for cleaner and swifter alternatives to the traditional ferries and buses.

Regional Analysis

Based on Region, the global Hydrofoil boat market has been segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. Europe accounted for the largest market share in 2024 and is anticipated to reach USD 86.2 Million by 2035 and projected to grow at the highest CAGR of 12.4% during the forecast period.

Hydrofoil boat are also experiencing a strong upward trend in the European market owing to its strong policy towards the environment, modern maritime infrastructure and continuous investments in green technology. Multiple nations around the continent are building and implementing hydrofoil ships for both commercial deliveries and leisure, thus making Europe a nexus of innovation and breakthrough in this technological domain. Also, there is a lot of government, private sector and public initiative behind the drive towards decarbonising water transport in this region.

Countries like Norway and Sweden are leading examples of this transition. For instance, in Sweden, Candela is breaking new ground in urban travel by introducing its electric hydrofoil ferries to the city. The P-12 Shuttle slated for deployment in Stockholm is a fast, quiet and clean commute around the city. Likewise, Denmark is where the Ellen is located, the world’s longest-range fully electric ferry to run on inter-island routes, a move that accentuates Denmark’s drive for clean maritime operations. Elsewhere in Europe, the Belfast based firm Artemis Technologies is developing a high-speed hydrofoil e-ferry to be piloted in Northern Ireland in 2024.

Also, In the United Kingdom, firms such as Artemis Technologies are designing hydrofoils for commercial passenger transport. The UK government has backed these efforts with massive funding totaling ~US$ 30 million, aimed at accelerating the launch of emission-free vessels such as the Artemis eFoiler intended to operate routes such as, route between Belfast and Bangor. Also, importance attached to conserving the environment, control over the emission and popular passion of boating also are bolstering the Europe Hydrofoil boat market growth. Given the EU strategies promoting green transport, including on water, electric Hydrofoil boat are steadily finding their place as a more environmentally friendly means as tourist or business craft. They are attractive because they work with less power and generate less waves – characteristics that are in line with Europe’s environmental objectives.

Key Findings of the Study

• The Global Hydrofoil Boat Market is expected to reach USD 676.72 Million by 2035, at a CAGR of 13.0% during the forecast period.


• The Asia Pacific region accounted for the fastest growing in the global market.


• Based on End Users, the Water Transport/Taxi Operators segment was attributed to holding the largest market in 2024.


• Candela, ENVGO Inc, Navier Mobility, Artemis Technologies, VESSEV, Boundary Layer Technologies, SEABUBBLE, FOILER, QUADROFOIL, MOBYFLY, FOILCAT, SEAIR, EDORADO, Bering Marine, Flying Fish Maritime Innovations BV, And Among Others are the key m