Global Metamaterial Market Forecast to 2030
As part of Emergen Research's Global Metamaterial Market Research Report, key business details and extensive geographical spread of the Metamaterial industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Metamaterial market. A detailed forecast is provided until 2030 based on historical data from 2017 and 2018. Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies. The global metamaterial market size is expected to reach USD 4,984.4 Million at a revenue CAGR of 36.7% in 2030, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by rising demand for manufacturing innovative metamaterials and their applications in absorbers, super lenses, and antennas rather than using traditional materials to enhance efficiency and overall productivity across application sectors. In addition, rising demand from the telecommunications sector is also driving revenue growth of the market. For instance, on 11 September 2019, California Institute of Technology, Georgia Institute of Technology, and ETH Zurich formed a collaboration to develop a new metamaterial that can change its shape.
Furthermore, widespread usage of metamaterials in consumer electronics and medical industries is expected to grow throughout the forecast period. Usage of metamaterials in electronic and medical product manufacturing has significantly contributed to market revenue growth owing to its capability to regulate electromagnetic waves.
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Research Report on the Metamaterial Market Addresses the Following Key Questions:
- Who are the dominant players of the Metamaterial market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Metamaterial market?
- What are the key growth drivers and restraining factors of the Metamaterial market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Metamaterial market and its key segments?
Market Overview:
The report bifurcates the Metamaterial market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Based on the types, the market is segmented into:
Electromagnetic, Tunable, Photonic, Frequency Selective Surface, Terahertz, Others.
Based on Applications, the market is segmented into:
Absorber, Antenna, Cloaking Devices, Super Lens, MRI,X-ray, Others
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Regional Landscape section of the Metamaterial report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights in the Report
- On 30 March 2020, Digital Barriers released a real-time remote fever scanning solution. This fever scanner is made of metamaterials with fever scanning cameras for frontline workers with potential infection risks.
- The terahertz segment is expected to register fastest revenue CAGR over the forecast Market growth is attributable to rising demand for terahertz submillimeter radiation applications in sectors such as spectroscopy, photovoltaic, medical, pharmacy, quality assurance, dentistry, communication, and astronomy.
- Additionally, increase in terahertz applications for cancer therapy and rising usage of terahertz spectroscopy in food inspection sectors for quality control are driving revenue growth of the segment. Apart from this, market players are investing in RD activities, as well as implementing terahertz imaging system technology in industries, such as aerospace and defense homeland security, which are some important factors driving revenue growth of this segment.
- The antenna segment accounted for largest revenue share in 2021. There is an increase in demand for antennas owing to the trend toward nanotechnology of communications equipment, as well as developments in Wi-Fi and communication satellite technology worldwide. Additionally, as digitalization grows in second and third-world countries, usage of metamaterials is expected to increase owing to growing interest in multiband antennas, which is contributing to growth of this segment.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Metamaterial market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
- Meta Materials Inc.
- Fractal Antenna Systems Inc.
- NKT Photonics
- Echodyne Corp.
- Multiwave Technologies AG
- JEM Engineering
- Phoebus Optoelectronics LLC
- Kymeta Corporation
- MetaShield LLC
- Metamagnetics
- TeraView Limited
- Nanohmics Inc.
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