Press release
Metamaterials Technologies Market to Expand at 21.6% CAGR 2014-2020 as Funding for Research Increases
According to the research report, the global metamaterials technologies market is expected to reach US$1,268.4 mn by 2020 from US$322.6 mn in 2013, expanding at a high double-digit CAGR of 21.6% between 2014 and 2020. This impressive growth will be attributable to the rampant expansion of the wireless mobile communication networks across the globe.
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Metamaterials refer to synthetic materials that do not have properties like the natural materials. They are made by arranging several components of metals and plastics, appearing in certain patterns. These materials have specific geometric structure and orientation, which gives them the peculiar property of manipulating electromagnetic waves. This precise nature of metamaterials is being utilized by certain industries, thereby fueling the global metamaterials technologies market. On the other hand, the restraints faced by this market, such as the lack of technical support in mass metamaterials fabrication and poor commercial awareness, are likely to retard the growth of this market.
The global metamaterials technologies market is segmented on the basis of product, application, and region. The products available in this market are radio and microwave metamaterials, terahertz metamaterials, acoustic metamaterials, photonic metamaterials, and others such as ultraviolet metamaterials and infrared metamaterials. The application of metamaterials technologies are seen in areas such as imaging (medical and industrial), communication and radar, acoustic devices, solar, and others such as seismic protection and cloaking devices. Geographically, this market is segmented into Asia Pacific, Europe, North America, and Rest of the World.
The report suggests that North America held a share of about 55% in the overall metamaterials technologies market in 2013. The region is expected to lead the overall market in the forecast period as funding from governments for research increases. The research will be conducted for the defense sector to understand the usage of metamaterials technologies for enhancing equipment. Venture capitalists are also expected to fund startups in North America, thereby propelling the market in this region. Regions such as Asia Pacific and Europe are also expected to show remarkable progress as companies in this market and universities collaborate to develop new uses of these technologies.
Some of the important players operating in the global metamaterials technologies market are Inframat Corporation, Colossal Storage Corporation, Opalux Inc, Luminus Devices Inc, Metamaterial Technologies Inc, Applied EM Inc, Metamagnetics Inc, Fractal Antenna Systems, Inc. (FRACTAL), Nanosteel Company Inc, Echodyne Corporation, Fianium Ltd, Medical Wireless Sensing Ltd. (MediWiSe), Evolv Technology, Kymeta Corporation, Alight Technologies ApS, and Sandvik Materials Technology AB. The research report profiles these companies to provide an in-depth insight of the competitive landscape of the overall metamaterials technologies market.
The report segments the global metamaterials technologies market as:
Metamaterials Technologies Market – Product Segment Analysis
Radio & microwave metamaterials
Photonic metamaterials
Terahertz metamaterials
Acoustic metamaterials
Others (Including infrared metamaterials, ultraviolet metamaterials, etc.)
Metamaterials Technologies Market & Application Analysis
Communication & radar
Imaging (medical & industrial)
Solar
Acoustic devices
Others (Including cloaking devices, seismic protection, etc.)
Metamaterials Technologies Market - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)
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