METAMATERIALS MARKET ANALYSIS | COHERENT MARKET INSIGHTS

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• Coherent Market Insights
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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 (20192027).

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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.

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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.

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• 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

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• 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.

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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.

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Segment Information
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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.

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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.

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  /market-insight/metamaterials-market-2834

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• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
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Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com