Metamaterial 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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Market Synopsis of Metamaterial Market:
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.
The global metamaterials market
is driven by surge in wireless mobile communication, to improve the efficiency
of solar photovoltaic cells and increasing investments by venture capital firms
in the market. Metamaterials absorb a wide range of light with exceptionally
high efficiency, which is expected to generate optical sensors and solar cells.
These metamaterials can be extremely thin, saving weight and cost. Rising demand and awareness of benefits that
solar cells provide to generate energy is expected to drive this technology.
These materials can be extremely thin, saving both cost and weight.
Lack of inadequate customer
awareness of metamaterials are expected to pose a major challenge to the global
market. Technical difficulties coupled with high cost and time taken for
development cycle can be attributed as major challenges to the growth of the
global market.
Based on the metamaterial types,
the global market is segmented into terahertz, acoustic, photonic, microwave
and radio metamaterials, other types include infrared and ultraviolet
metamaterials. Microwave and radio frequency electromagnetic metamaterials are
expected to contribute the largest market share owing to increase in wireless
broadband, mobile communications and technological advancements in
communication infrastructure.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Metamaterial: Market
Variables, Trends & Scope
Chapter 4 Metamaterial: Product
Estimates & Trend Analysis
Chapter 5 Metamaterial:
Application Estimates & Trend Analysis
Chapter 6 Metamaterial: End-use
Estimates & Trend Analysis
Chapter 7 Metamaterial:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Metamaterial: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Metamaterial:
Manufacturers Company Profiles
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