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Metamaterial Technology Market Size | COVID-19 Impact Analysis | Forecast to 2027

01-28-2022 01:07 PM CET | IT, New Media & Software

Press release from: Orion Market Research

The global metamaterial technology market is anticipated to grow at a significant CAGR of around 3022.5% during the forecast period. The rising investment in defence sector by the major economies is the prominent factor accelerating the market growth. For instance, according to the Peterson Foundation report 2021, in the US, in 2020, defense spending accounts $778 billion or more than 10% of all federal spending and nearly half of the discretionary spending. The high spending in the US is attributed to strong investments in R&D and modernization of metamaterials technologies. The metamaterial devices such as antenna are utilized in the defence sector for soldiers to track enemy drones. Growing attacks of terrorists, force the defence sector to increases the safety measures in the country and on the borders. Electromagnetic metamaterials device helps defence industry to defend from enemies. Such devices are highly used in navy, satellites and defence. These devices reduces the chances of having border disputes and regional threats. Reliability on electromagnetic metamaterial devices and use of artificial intelligence leads to higher demand of electromagnetic metamaterials.

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The market growth is also backed by the presence of major players contributing to the market growth by launching new products and technology to the market. For instance, In November 2021, Israel introduce a new weapon which is invisible, enemy cannot be able to see it. It is a part of electromagnetic warfare called Scorpius. The missiles of scorpius damaged the enemy’s weapon whether it is radar, electronic bomb or any other devices.

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Technology

· By Application

· By Vertical

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- include Kymeta Corp, Metamaterial Technologies Inc., Metamagnetics Inc., Echodyne Corp., Nanohmics Inc, Jem Engineering, and others.

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A full Report of Metamaterial Technology Market is Available at:

Global Metamaterial Technology Market by Segment

By Technology

• Electromagnetic

• Terahertz

• Photonic (optical)

• Frequency Selective Service

• Others

By Application

• Communication Antenna and Radar (Beamsteering)

• Sensors

• Solar Panel and Absorbers

• Display

• Medical Imaging

• Others

By Vertical

· Automotive

· Aerospace and Defence

· Consumer Electronics

· Health Care

· Energy and Power

· Others

Global Metamaterial Technology Report by Region

North America

· United States

· Canada


· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe


· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Alight Technologies

· Anywaves

· AplphaCore Inc.

· Dereegallera Holdings Ltd.

· Echodyne Corp

· Inframat Corp.

· Jem Engineering

· Kymeta Corp.

· Lumotive Inc.

· Metamegnetics Inc.

· Meta Materials Inc.

· Multiwave Technologies AG

· NahsaiLLC

· Nanohmics Inc.

· Nkt Photonics

· Phoebus Optoelectronics LLC

· Plasmonics Inc.

· Sonobex Ltd.

· TeraView Ltd

· NanoSteel Co, Inc.

Reasons to buy from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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