Global Meta material Market By Geography; Material Type (Electromagnetic Meta materials, Terahertz Meta materials, Photonic Meta materials, Tunable Meta materials, Frequency Selective Surface, Upcoming Applications); Application (Communication Antenna, Sensing, Solar Panel, Display, Medical Imaging, Windscreen, Upcoming Application); Vertical (Automotive, Aerospace and Defense, Consumer Electronics, Medical, Energy and Power) – Industry Trends and Forecast to 2024
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The Global Metamaterial Market accounted for USD 1,234.6 million in 2016 growing at a CAGR of 75.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Metamaterial Market
Rise in demand of wireless communication has also increased the demand for metamaterial technologies. The rise in demand for metamaterials is because it held up the absorption capability of solar cells.
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Many research and developments are going on in order to come up with more meta material products to absorb light from spectrums. It has its wide application in communication antenna, sensing, solar panel, display, medical imaging, windscreen, upcoming application, and others.
Variety in design functionalities may act as a major driver in the growth of meta material market. On the other side, cost of synthetization of meta material may hamper the market.
Major Market Drivers & Restraints:
- Invisibility Cloak for Stealth Aircraft
- Anti-Glare Coating Application
- Variety in Design Functionalities
- Cost of Synthetization of Metamaterials
The market is segmented on the basis of material type, vertical, application and geography.
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The global metamaterial market is segmented on the basis of material type into electromagnetic metamaterials, terahertz metamaterials, photonic metamaterials, tunable metamaterials, frequency selective surface, and upcoming applications. The electromagnetic metamaterials segment is further segmented into types of electromagnetic metamaterials.
the types of electromagnetic metamaterials segment is further segmented into double negative metamaterials, single negative metamaterials, electronic bandgap metamaterial, double positive medium, bi-isotropic and bi-anisotropic metamaterials, and chiral metamaterials. the upcoming applications segment is further sub segmented into non – linear metamaterials, and acoustic metamaterial.
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On the basis of vertical, the global metamaterial market is segmented into automotive, aerospace and defense, consumer electronics, medical, energy and power.
On the basis of application, the global metamaterial market is segmented into communication antenna, sensing, solar panel, display, medical imaging, windscreen, and upcoming application. The upcoming application segment is further segmented into invisible cloaking, acoustic cloaking, acoustic sensor, EMC shielding, super lens, strain sensor, hyper spectral imaging, and near-field optical microscopy.
On the basis of geography, the global metamaterial market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Some of the major players of the global metamaterial market are Kymeta Corporation, Metamaterial Technologies Inc., Multiwave Technologies AG, Echodyne Inc., Phoebus Optoelectronics LLC, Mediwise, Metashield LLC. , Plasmonics Inc., Acentech Incorporated, Aegis Technologies, Metamagnetics, Nanohmics Inc., Protemics GmbH, Sensormetrix, Sonobex, Triton Systems, Inc., Teraview, Applied EM, EM Infinity, Fractal Antenna Systems Inc., JEM Engineering, Microwave Measurement Systems, LLC., Nanosonics, Nkt Photonics, Specom Oy., and others.
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