Press release
Metamaterial Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The metamaterial market was valued at USD 305 million in 2021 and is projected to reach USD 1,457 million by 2026. It is expected to grow at a CAGR of 36.7% during the forecast period. the variety in design functionalities, anti-laser coating application, and developments in radar and LiDAR for autonomous vehicles. The use of metamaterials in solar power systems, metamaterial-based radar for drones, and advancements in 5G are the key factors driving the growth of metamaterial market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139795737
Electromagnetic segment to account for a largest share of the metamaterial market by 2026
The electromagnetic segment is estimated to account for the largest size of the metamaterial market from 2021 to 2026 in terms of value. The growth of this segment can be attributed to increasing usage of electromagnetic metamaterials for communication applications, including new forms of metamaterials-enabled personal communications satellites and radar.
Communication Antenna and Radar (Beam Steering) accounted for the largest market share in 2020
The communication antenna and radar (beam Steering) segment is estimated to account for the largest size of the metamaterial market from 2021 to 2026 in terms of value. Increasing demand for communication antennas for applications such as satellite communication, Wi-Fi routers, radar communication, and 5G communications is the major factor fueling the growth of the metamaterial market for communication antenna and radar application.
Aerospace and Defense vertical accounted for the largest market share in 2020
The aerospace and defense segment is estimated to account for the largest size of the metamaterial market in 2021 in terms of value. The defense vertical primarily requires customized solutions for communication. In the aerospace & defense vertical, the majorly adopted metamaterial-based devices are antennas, protective layers, windscreens, EMC shielding, and cloaking devices. Antennas based on metamaterials can be used for secure communications in the defense vertical as these can be tuned to different frequencies. The growth of the metamaterial market for aerospace and defense vertical is owing to the growing bandwidth requirement and need for secure communication.
North America to account for the largest share of the metamaterial market by 2026
North America is expected to hold the largest share of the metamaterial market in 2020, owing to increasing demand from the aerospace and defense vertical. Government agencies such as DOD, DARPA, and NASA are extensively funding research universities and industry players for the development of metamaterial-based antennas. The demand for metamaterials has significantly increased in recent years, primarily from the aerospace & defense, automotive, consumer electronics, medical, and energy & power verticals. US government agencies (DOD, DARPA, US Navy) and private entities (Bill Gates Foundation (US), Lux Capital (US), Kresge Foundation (US)) are funding research institutes, laboratories, and various companies for enhancing the metamaterial technology or for developing efficient and cost-effective electronic devices and applications.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=139795737
A few of the key players in the metamaterial market are Kymeta Corporation (US), Metamaterial Technologies Inc. (Canada), Metamagnetics (US), Jem Engineering (US), Teraview (UK), Echodyne Inc. (US), Multiwave (Europe), Nanohmics Inc. (US), Metashield LLC (US), and Mediwise (UK).
News also covered: https://www.prnewswire.com/news-releases/metamaterial-market-worth-1-457-million-by-2026--exclusive-report-by-marketsandmarkets-301258278.html
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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 Market Set to Grow at the Fastest Rate- Time to Grow your Revenue here
News-ID: 2850013 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Metamaterial
Photonic Metamaterial Market worth $7.3 billion by 2030 -Echodyne, RP Photonics, …
Latest Updated Report 2023, The Global Photonic Metamaterial Market to Growing A CAGR of 14.6% during forecast period of 2023-2032. The Market is segmented by Global Photonic Metamaterial Market Breakdown by Application (Communication, Solar, Medical Imaging) by Type (Flexible Material, Hard Material) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
The Photonic Metamaterial Market 2023 Report makes available the current and forthcoming technical and financial details of the…
Metamaterial Market Developments, Competitive Analysis, Forecasts 2030 - Metamat …
The report is designed to provide a holistic view of the Metamaterial Market market 2023 to 2030. Several vital aspects are discussed in this Metamaterial Market report in terms of growing business and resulting market revenues. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Business players can easily make a gainful decision by understanding the data provided in this report and represented…
Metamaterial Market Present Scenario and Growth Prospects 2023-2030| Kymeta Corp …
The Global Metamaterial Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market analysis report helps a lot…
Electromagnetic Metamaterial Market Outlook to 2030- Reade Advanced Materials, P …
A report was released recently that sheds lots of light on the Electromagnetic Metamaterial Industry. The report covers an overview of the Market along with a detailed explanation that provides a lot of insight. The report also analyzes the production as well as management technology in various end-user industries. An in-depth study in some new and prominent industry trends, analysis of the competition and regional analysis that is very detailed…
Electromagnetic Metamaterial Market Deep Exploration 2022, Competition Analysis, …
Electromagnetic Metamaterial Market 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟐 𝐢𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐚 𝐪𝐮𝐚𝐥𝐢𝐭𝐚𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭 𝐰𝐚𝐲 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞 of the Electromagnetic Metamaterial Market. In addition to identifying, analyzing, and estimating new trends, this research report also examines key industry drivers, challenges, and opportunities in addition to evaluating competitors, geographical areas, types, and applications. Understanding the competitive landscape is crucial for determining the product improvements that…
Metamaterial Market 2021 Analysis by Global Manufacturers - Metamaterial Technol …
Global Metamaterial Market Size, Status and Forecast 2021-2025
The Metamaterial market report is the most important research for who looks for complete information on the Metamaterial market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Metamaterial market scenario, and feasibility study…