Metamaterial Technologies Market 2018-2024 | Key Players Kymeta Corporation, Echodyne corp, Metamagnetics Inc., Metamaterial Technologies Inc., Alight Technologies
Europe Metamaterial Technologies Market will likely exceed USD 600 million by the end of 2024. The regional market will be augmented by increased funding by the European Commission on development and research on metamaterial technologies, mostly in solar and optics applications. Latin America metamaterials market will experience gains due to growing information & technology and telecommunications sector. The region will likely generate revenue above USD 30 million by the end of 2024.Request for a sample copy of this report @
www.gminsights.com/request-sample/detail/1670
Metamaterial Technologies Market size will surpass USD 2.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing need to improve the efficiency of solar photovoltaic (PV) cells is expected to drive the metamaterial technologies market in the forecast timeframe as the product has the ability to enhance the absorption capacity of solar cells. Rising demand for clean energy sources such as solar, wind, hydro, and tidal have led to a mounting necessity to increase the efficiency of solar cells. Many companies and research institutes have developed metamaterial products that can collect and absorb light from all angles and useful spectrums.
The price of solar electricity is almost five times higher than that of coal generated electricity. Most of this cost can be attributed to the silicon layers in the solar cells. Adding a metamaterial thin film coating can reduce the price significantly and will make solar cells more affordable. Global solar PV cell revenue was more than USD 110 billion and is projected to increase at a healthy rate driving the overall metamaterial technologies market in the forecast timeframe.
The product’s ability to control the path of light and achieve negative refractive index has been used by the University of Central Florida (UCF) to create the first successful large-area invisibility cloak in 2014. Military and aerospace industries are on a look out for these types of cloaks and this may provide an incredible opportunity for metamaterial technologies market in future.
Browse Complete Report Summary @
https://www.gminsights.com/industry-analysis/metamaterial-technologies-market
Technical challenges pertaining to development of practical metamaterial products is a major challenge for manufacturers. A product based on these materials can only be successful if it is smaller and more closely packed than the target radiation wavelength. This requires manufactures to invest on technologies that can dynamically change the properties of such materials. Hence, it may take a few years before prototype products based on these materials are fully commercialized for large scale applications and this may hinder the metamaterial technologies market growth slightly in the forecast timeframe.
Metamaterial technologies market product segmentation has five categories including radio & microwave, photonic, terahertz, acoustic, and others. Terahertz segment will likely generate revenue above USD 500 million by 2024. This segment will grow at a healthy rate in the forecast years owing to the product usage in security applications and medical imaging. Acoustic segment is anticipated to gain by a CAGR above 20% till 2024. Product demand for applications in audio systems, soundproofing coatings, thermal insulators, heat exchangers, vibration dampers, sonar technologies, etc. will drive the growth of this segment in the forecast timeframe.
Acoustic devices, imaging, communication & radar, and solar are the four major applications in the metamaterial technologies market. Acoustic devices application segment is anticipated to gain by a CAGR above 20% in the forecast years. The segments growth will be augmented by their use in sonar avoidance, architectural acoustics, stealth technology, acoustic hyper lenses, etc. Imaging application segment market share is anticipated to cross one fifth of the total market and it will likely grow by CAGR above 21%. The segments growth will be driven due to its advantages over other materials in medical and industrial imaging.
Make an inquiry for purchasing this report @
www.gminsights.com/inquiry-before-buying/1670
Metamaterial technologies market is dominated by American companies like Echodyne, Metamagnetics Inc., Kymeta Corporation, and Evolv Technologies. Other key manufacturers include Alight Technologies, Applied EM Inc., Colossal Storage Corporation, Fractal Antenna Systems, Fianium, Inframat Corporation, Medical Wireless Sensing Ltd., Luminus Devices Inc, Nanosteel Company, Sandvik Materials Technology, and Opalux.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Applied EM Inc
2. Alight Technologies ApS
3. Colossal Storage Corporation
4. Echodyne Corporation
5. Evolv Technology
6. Fianium Ltd
7. Fractal Antenna Systems, Inc. (FRACTAL)
8. Inframat Corporation
9. Kymeta Corporation
10. Luminus Devices Inc
11. Medical Wireless Sensing Ltd. (MediWiSe)
12. Metamagnetics Inc
13. Metamaterial Technologies Inc
14. Nanosteel Company Inc
15. Opalux Inc
16. Sandvik Materials Technology AB
Read More Related News @ https://www.marketwatch.com/press-release/latin-america-wood-activated-carbon-market-to-cross-usd-30-million-by-2024-2018-09-10
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Metamaterial Technologies Market 2018-2024 | Key Players Kymeta Corporation, Echodyne corp, Metamagnetics Inc., Metamaterial Technologies Inc., Alight Technologies here
News-ID: 1232568 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Technologies
What's Driving the Microprinting Market Growth? Hewlett Packard Enterprise, Hita …
Rising awareness regarding counterfeiting in various sectors is expected to increase microprinting market share over 2019-2025. Increasing fraudulent activities with regards with official documents is encouraging implementation of security printing techniques to detect counterfeiting.
According to OECD (Organization for Economic Co-operation & Development), the trade in pirated and counterfeit goods accounts for 3.3% of global trade. The increased frequency of plagiarism is forcing industries to employ security features to assure authenticity…
Global 3D Sensors Market 2020-Infineon Technologies, Microchip Technology, Omniv …
The Global 3D Sensors Market report gives a purposeful depiction of the area by the practice for research, amalgamation, and review of data taken from various sources. The market analysts have displayed the different sidelines of the area with a point on recognizing the top players Infineon Technologies, Microchip Technology, Omnivision Technologies, PMD Technologies, Softkinetic, Asustek Computer, Cognex Corporation, IFM Electronic GmbH, Intel Corporation, LMI Technologies, Microsoft Corporation of the…
Silicon Photonics Market | Infinera, NeoPhotonics, Avago technologies, Luxtera, …
The lucrative opportunity foreseen to boost silicon photonics market mainly is surging demand for data and telecom communication. Key players such as Cisco are observed as making heavy investments in silicon photonics market for attaining large market share and elevating its global position in silicon photonics market at the market’s nascent stage.
HPC (High Performance Computer) and Data Centers to Lead in Silicon Photonics Market
HPC (High Performance Computer) and data centers…
Global 3D Sensor Market 2018 - Omnivision Technologies, Occipital, Infineon Tech …
The report gives the detailed overview of Global "3D Sensor" Market 2018 and predicts future market trends throughout the forecast period from 2018 to 2025. Also the report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, current geographical zones, technology, demand-supply, Consumption, Import, Export, Market Drivers and Opportunities. In this Professional report, we have investigated the principals, players in the market, product type, and market end-client…
Advanced Battery Fuel Cell Material Market companies Exide Technologies, Eco-Bat …
Advanced batteries and fuel cells supplies power to portable and stationary power supplies, uninterruptable power systems; and military equipment and vehicles. Fuel cells are basically electrochemical devices that combine hydrogen and oxygen to produce electricity. Unlike batteries, they can continuously generate and supply electricity till the time fuel source is connected to it. Based on type, the battery materials can be classified into metals (lead, steel, antimony, zinc and other…
3D Sensor Market: Omnivision Technologies, Occipital, Infineon Technologies
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global 3D Sensor Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
This report studies the global 3D Sensor market status and forecast, categorizes the global 3D Sensor market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and…