Metamaterial Market to register an appreciable growth rate through 2025 | key players are Kymeta Corporation, Phoebus Optoelectronics, Echodyne, Applied EM, MetaShield, MediWise
They are specially engineered for applications in optical and microwave applications, including electromagnetic invisibility cloaks, microwave couplers. etc. On the other hand, terahertz are specially engineered to interact at terahertz frequencies of 0.1 to 10 THz, and they are mainly employed in remote sensing and in spectroscopy.
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Global market is segmented on the basis of application into antenna & radars, absorbers & sensors, superlens, cloaking device and others such as sound filtering etc. Metamaterial market growth is mainly attributed to growing infrastructural needs that require large scale installation of Wi-Fi routers, radar and satellite communication, commercially available metamaterial antennas enhance an antenna's radiated power, whereas, metamaterial absorber influence loss components of metamaterials magnetic permeability and permittivity, in order to immerse substantial amount of electromagnetic radiation.
The end-user areas of the market include aerospace & defense, healthcare, automotive, consumer electronics, energy & power and others such as optics. Metamaterial are gaining huge acceptance in communication antenna applications in the connected cars concept. Rise in wireless communication services owing to surging demand of antenna, that is an integral component of satellite communication equipment and smartphones, is expected to be one of the key factors for metamaterial market growth by 2025.
Reasons to Buy This Report:
1. Metamaterial Market size & share forecast by end-user & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Metamaterial Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Prominent players in the global metamaterial market includes Kymeta Corporation, Phoebus Optoelectronics, Echodyne, Applied EM, MetaShield, MediWise, JEM Engineering, Metamaterial Technologies, Harris Corporation, Multiwave Technologies, Teraview, AEgis Technologies Group, Nanoscribe GmbH, Metaboards Newport Corporation etc. Players are continuously adopting acquisitions & mergers, partnerships as their key growth strategies.
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