Metamaterial Technologies Market Detailed methodology, scope, assumptions and data sources between 2017 - 2024
Elaborating further, Pivotal Commware, a very recent entrant in global metamaterial technologies industry, is reportedly the brainchild of Intellectual Ventures, the renowned private company that caters to the patent licensing of intellectual property. While the number of investors who backed this metamaterial technologies market novice is unknown, what is important is that the investor list includes the Microsoft pioneer, Bill Gates.
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One of the key regions that has been forecast to be a lucrative ground for the development of metamaterial technologies industry is North America. The region encompasses numerous venture capital firms that readily provide adequate funding to the start-ups that focus on exploiting the projected opportunities in metamaterial technologies market.
Augmented by heavy product demand across the industrial & defense applications, the region accounted for more than 50% of the overall metamaterial technologies industry share in 2016, with a valuation of USD 300 million. The regional governments of U.S. and Canada also provide adequate funding to startups and other entrants in this business space, pertaining to which North America metamaterial technologies market will grow at a profitable rate over 2017-2024.
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Kymeta Corporation, one of major biggies accumulating a key share of metamaterial technologies industry, recently signed an agreement with Intelsat with a view to offer a superior, path-breaking satellite service. In addition, the company signed a deal with SKY Perfect JSAT to develop novel satellite connectivity options across APAC.
These strategic ventures clearly depict the massive reach of global metamaterial technologies market currently. Since metamaterials are extensively used for radio frequency identification (RFID) system and antenna applications, business players have been striving to develop enhanced technologies to exploit the product usage in such applications. For the record, Kymeta is renowned for manufacturing software-based, metamaterials-deployed electronic antennas for satellite communications for connected transportation.
Other key rivals of Kymeta include Echodyne, Luminus Devices Inc., Metamagnetics Inc., Evolv Technologies, Nanosteel Company, Alight Technologies, Fractal Antenna Systems, Metamaterial Technologies, and Medical Wireless Sensing Ltd.
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North America is a major metamaterial technologies market accounting for more than half of the global share in 2016 and earning a revenue over USD 300 million. This region is expected to witness high growth due to generous grants by the U.S and Canadian governments to companies involved in research on radio & microwave, optical, and acoustic products. Demand for the product from consumer, industrial, and defense applications will likely augment the regional market.
Asia Pacific metamaterial technologies market was valued above USD 85 million in 2016 and is expected to grow healthily in the forecast spell. China, India, Japan, Singapore, and South Korea will be the chief contributors to the industry growth in this region.
Global metamaterial technologies market is highly fragmented with U.S based companies accounting for a major chunk of the market. Kymeta Corporation, Echodyne, Evolv Technologies, Metamagnetics Inc., and Metamaterial Technologies are the major product manufacturers. Other important industry players include Applied EM Inc., Alight Technologies, Colossal Storage Corporation, Fianium, Fractal Antenna Systems, Inframat Corporation, Luminus Devices Inc, Medical Wireless Sensing Ltd., Nanosteel Company, Opalux, and Sandvik Materials Technology AB.
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