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According to a study published by Insure Insights, the global metamaterials market is anticipated to grow at a CAGR of 25.7% during the forecast period. A metamaterial is defined as an artificial composite that adopts its electrical properties from its structure rather than inheriting them directly from the materials it is composed of. Metamaterials, which are made in microwaves through optical wavelengths, are a subset of a larger group of heterogeneous structures consisting of a base solid material and various material elements. Metamaterials have unique anomalous properties over a limited frequency band. They have the ability to create super lenses, which allows imaging below the diffraction limit. Metamaterials have wide applications in sensor detection, optical filters, medical devices, remote aerospace application, smart solar power management, high-frequency battlefield communication, and even shielding structures from earthquakes.
Top Driver: Rising Focus on Developing Efficient Solar Power Solutions and Extended Application
The rapid adoption of metamaterials in various Information and communication technology applications, surging demand for modeling & simulation of metamaterial-based devices for industrial applications, and rising focus on developing efficient solar power solutions are the significant factors drives the growth of global metamaterials market. Increasing investment in research and development to adopt metamaterials in various aerospace defense applications and growing focus on extending metamaterials in various healthcare & biomedical applications is anticipated to boost the market. Besides, growing focus on deploying metamaterial technology for developing passive radiative cooling solutions for power plants electronically scanned array platform for self-driving cars & drones, further expected to fuel the growth of global metamaterials market.
Electromagnetic Segment to Contribute Towards the Growth of the Market
On the basis of product, the market is segmented into Tunable, Frequency Selective Surface, Non-linear, Electromagnetic, Terahertz, Photonic. The electromagnetic metamaterials are widely use in microwave couplers, antennas, beam steamers, band pass filters, lenses radomes and others. Due to such wide applications the segment is expected to witness huge growth in the forecast period. On the basis of application, the market can be segmented into Superlens, Cloaking devices, Antenna, Absorber, Others. On the basis of end user, the market is segmented into Consumer electronics, Energy & power, Aerospace & defense, Medical, Automotive. The aerospace and defense segment is expected to contribute with a huge share in the market
Rising Demand For Aerospace to Benefit North America Market
North America is expected to hold the largest share of the metamaterial market during the forecast period. The surge in the growth can be attributed to the boosting demand from the aerospace and defense vertical. The various government agencies, such as DOD (Department of Defense), DARPA (Defense Advanced Research Projects Agency), and NASA (National Aeronautics and Space Administration) are funding research universities and industry players for the development of metamaterial-based antennas.
Players to Focus on Metamaterial Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Metamaterial Technologies Inc., Kymeta Corporation, JEM Engineering LLC, Applied EM, Inc., Microwave Measurement Systems LLC, Teraview, Alps Electric Co., Ltd, Alps Electric Co., Ltd, PARC, Echodyne, Phoebus optoelectronics among others could be at the forefront of the competition in the global market.
Kymeta Corporation: In January 2020, Isotropic, the trusted provider of global internet services offering unrivalled certainty, and Kymeta, the communications company that is completing the connectivity fabric for everything, everywhere, have partnered to conduct over-the-air testing on Kymeta’s u7 antenna and next generation antennas.
ALPS ALPINE CO., LTD.: In January 2019, ALPS ALPINE CO., LTD. announced that at the meeting of the Board of Directors held today, a resolution was adopted to acquire its own shares under Article 156 which is applicable in accordance with Article 165, paragraph 3 of the Companies Act.
Scope of the Report
By Product
By Application
By End-User
By Region
Key Reasons to Purchase this Report
4. It builds a seven-year estimate based on how the market is
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Metamaterial Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Metamaterial Market -Industry Snapshots
6.1.1 Global Metamaterial Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Metamaterial Market Analysis, by Type
7.2 Key Findings for Metamaterial Market- By Type
7.2.1 Metamaterial Market- Tunable
7.2.2 Metamaterial Market- Frequency Selective Surface
7.2.3 Metamaterial Market- Non-linear
7.2.4 Metamaterial Market- Electromagnetic
7.2.5 Metamaterial Market- Terahertz
7.2.6 Metamaterial Market- Photonic
Chapter 8 Global Metamaterial Market Analysis, by Application
8.2 Key Findings for Metamaterial Market- By Application
8.2.1 Metamaterial Market- Superlens
8.2.2 Metamaterial Market- Cloaking devices
8.2.3 Metamaterial Market- Antenna
8.2.4 Metamaterial Market- Absorber
8.2.5 Metamaterial Market- Others
Chapter 9 Global Metamaterial Market Analysis, by End User
9.2 Key Findings for Metamaterial Market- By End User
9.2.1 Metamaterial Market- Consumer electronics
9.2.2 Metamaterial Market- Energy & power
9.2.3 Metamaterial Market- Aerospace & defense
9.2.4 Metamaterial Market- Medical
9.2.5 Metamaterial Market- Automotive
Chapter 10 Metamaterial Market Analysis by Region
10.1 Key Findings for Metamaterial Market- By region
10.2.1 Global Metamaterial Market Analysis, By Type, 2019 – 2028
10.2.2 Global Metamaterial Market Analysis, By Application, 2019 – 2028
10.2.3 Global Metamaterial Market Analysis, By End User, 2019 – 2028
10.3 Metamaterial Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Application
10.3.7 North America Market, By End User
10.4 Metamaterial Market – Europe
10.4.8 Europe Market, By Application
10.4.9 Europe market by, End User
10.5 Metamaterial Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Application
10.5.8 Asia Pacific Market, By End User
10.6 Metamaterial Market – SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Application
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.1 Metamaterial Technologies Inc.
12.5 Microwave Measurement Systems LLC
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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