Metamaterials Market Product Overview, Share by Types and Region till 2025
The Metamaterials Market
report provides a detailed evaluation of the industry by highlighting
information on different aspects which include drivers, restraints, growth
opportunities, and threats. This information can help stakeholders to make
appropriate decisions before investing. It also provides a detailed analysis of
global market size, regional and country-level market size, competitive
landscape, impact of domestic market players and value chain optimization. Furthermore,
it sheds light on the market contribution, recent developments and successful
marketing strategies of leading companies.
Market Insights
The global metamaterials market size was estimated at USD 316.0 million in 2016 and is expected to reach USD 1.35 billion by 2025, with a CAGR of 17.8%. Metamaterials are widely used in telecommunication and medical field. These materials are artificial having electromagnetic properties that may not be found in nature. The rare properties of metamaterial have led to the development of metamaterial antennas, sensors and lenses for minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a sensitive response to the dielectric media, strain, biological sensing applications and chemicals.
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Metamaterials are
artificial engineered materials that provide unique advantages over other
conventional substitutes owing to properties that are not readily found in
nature. They gain their distinctive properties from the structure of the
homogeneities infused in them. Due to these factors, metamaterials have a long
list of lucrative applications including invisible super lens, cloaking
devices, absorbers and flat antennas which are highly impossible with
traditional materials that are found in nature.
The growing demand for
graphene based metamaterials in medical field is estimated to drive the market
growth over the forecast period. Need for implementing wireless telemetry
systems in medical field is expected to increase significantly increased owing
to necessity for early diagnosis of infections or diseases and continuous
intensive care monitoring of physiological parameters. Sensors and microwave
antennas are major components of telemetry systems since they provide
communication between the base station and patient. Metamaterials show
electromagnetic properties at frequencies which is expected to attract
interests form physicist and microwave engineers. These factors are anticipated
to drive the market growth and provide a potential base to metamaterials in the
next seven years.
Metamaterials Product Outlook (Revenue, USD Million, 2014 - 2025)
• Electromagnetic
• Terahertz
• Photonic
• Tunable
• Frequency Selective Surface
• Non-linear
Metamaterials Application Outlook (Revenue, USD Million, 2014 - 2025)
• Antenna
•
Absorber
• Superlens
• Cloaking devices
• Others
Metamaterials End-use Outlook (Revenue, USD Million, 2014 - 2025)
•
Aerospace & defense
• Medical
• Automotive
• Consumer electronics
• Energy & power
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Key Players Analysis covered in these report
• Applied EM
• Plasmonics
• JEM Engineering and Microwave
Measurement Systems LLC.
• Kymeta
• Teraview
• Harris Corporation and many others
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