Metamaterial Medium Market Upcoming Peaks Market Size's Projection to Reach New Heights

The global metamaterial medium market, as forecasted by Allied Market Research, is expected to reach $1,387 million by 2022, with a compound annual growth rate (CAGR) of 39.7% during 2016-2022. In 2015, North America dominated the market, holding more than half of the global share. The leading market segment in 2015 was antennas, while frequency selective surfaces are projected to be the fastest-growing segment during the analysis period.

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Metamaterial medium refers to a macroscopic composite with a man-made, three-dimensional, and periodic cellular architecture designed to produce optimized combinations of responses not found in nature. It possesses exceptional physical properties such as negative permeability and permittivity and is often considered an artificial medium with a negative refractive index. Metamaterials offer advantages like super-resolution in the far-field, negative refraction of wavelengths, and enhanced spontaneous emission.

The demand for metamaterial medium has increased due to the need for efficient sensing and transmitting systems across various industries. Telecommunication is the largest end user globally, utilizing metamaterials to modify electromagnetic spectrum performance for capabilities previously unachievable in nature.

Antennas are the largest application of metamaterial medium due to their miniaturizing properties and ability to track satellites globally without repositioning physical antennas. However, challenges such as insufficient research despite significant R&D investments and high initial manufacturing costs hinder market growth.

Europe is anticipated to be the fastest-growing segment during the forecast period, with a CAGR of 45.7%. Sensing is expected to be the fastest-growing segment once commercialization begins. Telecommunication is expected to lead the market by 2022, accounting for half of the market share. Asia-Pacific is estimated to continue leading in terms of market share, growing at a CAGR of 43.3% during the forecast period.

Major companies in the metamaterial medium market include Kymeta Corporation, Metamaterial Technologies Inc., Metamagnetics Inc., Jem Engineering LLC, Fractal Antenna Systems Inc., Applied EM Inc., Nanosonic Inc., Alps Electric Co. Ltd., Teraview Ltd., and Plasmonics Inc.

For more detailed insights, you can access the full report @ https://www.alliedmarketresearch.com/metamaterials-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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