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PUNE, India, Feb. 23, 2021 /PRNewswire/ Global eVTOL Aircraft Market is expected grow with a CAGR of 18.56% over the forecast period 2021 to 2027. Increasing technological developments, rising environmental pollution & traffic congestion along with growing priority towards renewable energy resources are anticipated to drive the growth of Global eVTOL Aircraft Market.
EVTOL Aircraft Market Size By Mode of Operation (Piloted, Optionally Piloted), By Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), By Range (0 To 200 Km, 200 To 500 Km), By MTOW (1,500 Kilograms), By Propulsion (Electric/Battery, Electric/Hybrid, Electric/Hydrogen), By Application (Commercial, Military, Cargo), Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027
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The Global On-Board Charger market is expected to reach $4.19 billion by 2026 growing at a CAGR of 18.3% from 2019 to 2026. An on-board charger (OBC) is used in an electric vehicle (EV), hybrid electric vehicle (HEV) or in plug-in hybrid vehicles to charge the traction battery. The on-board charger system equipped in an electric vehicle that converts the alternation current (AC) power into direct current (DC) energy that is stored in the battery.
Factors such as rise in penetration of electric vehicles and increase in government initiatives for the development of electric vehicle charging infrastructure are driving the growth of the market. However, the lack of standardization of EV charging and an increase in installation of fast DC chargers is restraining the growth of the market.