Global Metamaterial Market Size and Revenue Forecasts
to 2030
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. Moreover, research is being
conducted to assist and broaden the scope of product, so that it may be
utilized to meet higher demands, for expanded safety in defense and aerospace
industries. This can be further attributed to rising demand for radars and
antennas made of metamaterials as these radars help to detect obstructions and
aid with operations, especially in poor visibility circumstances.
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The
research report offers in-depth insights into company profiles along with their
production values, production capacity, product portfolio, strategic plans such
as mergers and acquisitions, joint ventures, collaborations, product launches
and brand promotions, government and corporate deals, among others. The report,
additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces
analysis to offer a better understanding of the competitive landscape of the
industry.
Leading Players Profiled in the Report:
·
Metamaterial Technologies
Inc.
·
MetaShield LLC.
·
Kymeta Corporation
·
MediWise Ltd.
·
Phoebus Optoelectronics
LLC
·
JEM Engineering
·
LLC
·
Multiwave Technologies AG
·
Echodyne Inc.
·
NKT Photonics AS and
Fractal Antenna Systems Inc.
·
others.
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The
report analyzes the market based on different categories such as product types,
end-user applications, and leading geographical regions. It offers key insights
into the factors that are expected to influence the growth of the segments and
sub-segments.
Major
regions include North America, Latin
America, Europe, Asia-Pacific, and the Middle East & Africa. The report
studies the market in these regions on the basis of demand and trends, consumer
behavior and preferences, government initiatives and regulatory framework, economic
growth, technological developments, supply and demand, production and
consumption patterns, import/export, and presence of key players in each
region.
Key Regions Analyzed in the Report:
·
North
America
o Canada
o U.S.
o Mexico
·
Europe
o Germany
o Italy
o U.K.
o France
o Rest
of Europe
·
Asia
Pacific
o China
o India
o Japan
o South
Korea
o Australia
o Rest
of APAC
·
Latin
America
o Brazil
o Argentina
o Chile
o Peru
o Rest
of Latin America
·
Middle
East & Africa
o Saudi
Arabia
o South
Africa
o U.A.E
o Rest
of Middle East & Africa
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For
the purpose of this report, Emergen Research has segmented into the global
Metamaterials Market on the basis of Product Type, Application, End-Use, and
Region:
Product Type Outlook
·
Electromagnetic
·
Tunable
·
Photonic
·
Frequency Selective Surface
·
Terahertz
·
Others
Application Outlook
·
Absorber
·
Antenna
·
Cloaking Devices
·
Super Lens
·
MRI
·
X-ray
·
Others
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Further key findings from the report suggest
·
The aerospace &
defense end-uses is being consedered to be the largest end-use segment in terms
of revenue, and this domination is projected to continue in the projected
period. The reason behind this is the fast development of this vertical
end-user in core economies such as the United States, the U.K., Germany, China,
India, and Russia.
·
The antenna sub-segment
is expected to accumulate a steady growth rate over the forecasted period,
primarily owing to an increased demand for specialized antennas in applications
especially in defense, aerospace, & telecommunications.
·
The absorber sub-segment
products are used in the manufacture of products such as the cloaking systems,
super, and lenses. The advantages of using metamaterials in the antenna and
absorber segments helps make it to be among the higher revenue generation
segments.
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you for reading our report. For further information or query regarding the
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