Press release
Metamaterial Market Current Business Trends & Growth Opportunities 2020-2025
Metamaterial market segmented by material type encompasses electromagnetic, terahertz, photonic, tunable, frequency selective surface and others. The others segment covers non-linear, chiral etc. Electromagnetic metamaterial is more attractive in the industry since these are structures whose electromagnetic properties are engineered to provide a range of response that is difficult to attain in naturally occurring composites.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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Metamaterial Market size is driven by increasing need for advanced materials in the medical and telecommunication sector, since these materials enhances an antenna's radiating power and help in achieve high directivity and tunable frequency beyond diffraction limit at 0.38 ?m. For instance, in 2018, Kymeta Corporation reported that its sales of Ku-band metamaterial antenna have increased significantly as compared to previous years.
Metamaterial is a synthetic composite material engineered with a structure that exhibits properties such as negative refractive index, optical properties, chiral properties etc., which is not usually obtainable in natural materials. Metamaterials derive their properties not from the base materials, but from their newly designed structures that can affect waves of sound or electromagnetic radiation.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Kymeta Corporation
o Phoebus Optoelectronics
o Echodyne
o Applied EM
o MetaShield
o MediWise
o JEM Engineering
o Metamaterial Technologies
o Harris Corporation
o Multiwave Technologies
o Teraview
o AEgis Technologies Group
o Nanoscribe GmbH
o Metaboards Newport Corporation
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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. In addition, increase in demand for clean energy sources such as wind solar, and tidal energy is also anticipated to drive the growth of metamaterial.
North America region will witness significant growth rate owing to growing demand for technologically advanced aerospace & defense, automobile production in the region. In addition, rising innovation in healthcare industry will supplement metamaterial market size in the coming years. The regional government has undertaken several initiatives to provide adequate funding to industry players to devise metamaterial-based antennas.
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