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Metamaterials Market Analysis | Coherent Market Insights

Read here the latest updates on the Metamaterials Market Analysis published by CMI team

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Metamaterials Market Analysis | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. METAMATERIALS MARKET ANALYSIS • Metamaterials Market Report, by Product Type (Electromagnetic, Terahertz, Tunable, Photonic, and Frequency Selective Surface (FSS)), by Application (Antenna and Radar, Sensor, Cloaking Devices, Superlens, Light, and Sound Filtering), by End-use Industry (Healthcare, Telecommunication, Aerospace and Defense, Electronics, and Automotive), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Trends, and Forecast 2018 - 2027 • The global metamaterials market is expected to witness significant growth during the forecast period (2019–2027).

  3. Market Drivers • The market growth is attributed to increasing adoption of metamaterials in the aerospace, defense, and military high-end applications is also expected to boost the market growth. Furthermore, increasing demand for metamaterials for different information & communication technology applications such as communication antennas and small radars is another factor driving the growth for Metamaterials Market during the forecast period. • Furthermore, increasing investment by public and private sources is expected to drive the market growth. For instance, in June 2018, Metaboards Limited (a metamaterials start-up based in U.K.) raised US$ 5 million in funding for development of metamaterials. Metamaterials are in high demand in the medical and telecommunication sector. They are widely used in the development of metamaterial lenses, antennas, and sensors, owing to their rare properties. Metamaterial lenses, antennas, and sensors are more efficient than the conventional systems. Increasing demand for grapheme-based metamaterials in the medical field is fueling growth of the metamaterials market. Sensors and the microwave antennas are the prime components of the telemetry system, owing to their electromagnetic properties. Metamaterials also find application in solar cells and optical sensors, owing to the ability of metamaterials to absorb a wide range of light and that too with high efficiency.

  4. Market Restraints • However, lack of awareness about the benefits of metamaterials and technical complications associated in terms of suitability for different applications with them is expected to hamper the market growth.

  5. The Metamaterials Market in North America is expected to hold dominant position, followed by Europe, over the forecast period. • This is due to increasing funding on research & development for utilizing metamaterials across various applications

  6. For instance, in 2017, the Defense Advanced Research projects Agency (DARPA) along with the U.S. Navy and Lockheed Martin Corporation, provided funding worth US$ 8 million to chair professors of Electrical Engineering (Doug Werner, John L., and Genevieve H. McCain) at Penn State for the development of metamaterials. Among all the regions, in terms of revenue, Asia Pacific metamaterials market is identified as the fastest growing market, due to growing focus on development of new metamaterials for applications in telecommunication and power industries.

  7. Market Opportunities • Increasing aircraft production is expected to aid in growth of the Metamaterials Market Increasing adoption of metamaterials in the aerospace & defense industry for different applications such as in the manufacturing of lightweight components for radar and military communication applications is one of the major factor driving growth of the market. Metamaterials are also used in the manufacturing of drones. Therefore, increasing production of drones for military applications is another factor driving growth of the market. Moreover, increasing aircraft production and upgrading activities is also contributing to growth of the metamaterials market. For instance, according to Coherent Market Insights’, the global aircraft deliveries reached to 1,618 units in 2018, from an estimated 1,498 units in 2017.

  8. Segment Information

  9. Market Trends: • Increasing deployment & usage of antennas for communication applications is expected to aid in growth of the market The use of metamaterial antennas has increased in the recent past. For instance, Kymeta Corporation witnessed continuous growth in the sales of its Ku-band metamaterial antenna in 2018 compared to the previous years. The demand for such antennas is due to their use in vessels, radar, and smart phones. Using metamaterials in antennas enables an individual to focus six times beyond diffraction limit at 0.38 μm. Metamaterials are used in cell phones to provide antennas, which are five times smaller and have a bandwidth range of 700 MHz - 2.7 GHz. • Moreover, scientists are focused on the research of wide angle impedance matching (WAIM) technology. It has been proven that metamaterials can be used to achieve superior wide angle impedance for phased array antennas.

  10. Competitive Section • Some of the key players operating in the global metamaterials market include, Acoustic Metamaterials Group Ltd., Advanced Research Projects Agency, Echodyne, Inc., Fractal Antenna Systems Inc., JEM Engineering, Kymeta Corporation, Metaboards Limited Metamagnetics Inc., Metamaterial Technologies Inc., Nano-Meta Technologies, Inc., Palo Alto Research Center Incorporated, and TeraView.

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/metamaterials-market-2834

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  14. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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