The Hovercraft Museum is located in Lee-on-the-Solent. The museum has a large collection of over 60 hovercraft of various designs. Situated at HMS Daedalus by the large slipway from where many hovercraft have been tested, the museum collection includes SR.N5 and SR.N6 hovercraft. The collection currently contains the last remaining SR.N4 craft, the world's largest civil hovercraft which have been laid up in Lee-on-the-Solent since their retirement from cross-Channel services on 1 October 2000.

The museum also houses the world's largest library of documents, publications, film, video, photographs and drawings of hovercraft.

The museum reopened in January 2016 after being closed for essential structural building work over nearly two years. Shortly afterwards the remaining SR.N4 craft came under threat of scrapping when the site owners, the Homes and Communities Agency, proposed the redevelopment of the land. The museum trust started a petition calling for one of the craft to be preserved. In July 2018 the museum annonced that the Princess Anne was now on the historic ships register.