Europe Metamaterial Technologies Market to exceed $600 mn by 2024
The conceptualization and the subsequent expansion of metamaterial technologies industry lies in a number of vital factors, one of the major ones being, the increasing penetration of wireless communication systems. Owing to the excellent electromagnetic and acoustic properties of metamaterials, they are being used excessively in wireless communication.
Request for a sample copy of this report @
As per estimates, the penetration of mobile wireless communication is anticipated to exceed 99% by 2024, which will be a major driving force behind the growth of metamaterial technologies market.
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.
Make an inquiry for purchasing this report @
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.
Metamaterial technologies industry size, slated to cross USD 2.5 billion by 2024, with a CAGR projection of 20% over 2017-2024, primarily encompasses radio & microwave, acoustic, photonic, and terahertz devices. Of these, it has been estimated that metamaterial technologies market from radio & microwave products, having held a valuation of USD 250 million in 2016 will carve out a steep growth graph with a CAGR of 22% over the coming years. This growth can be attributed to the extensive usage of metamaterials in navigation, spectroscopy, and radar & communication applications.
Browse complete report summary @
The superior properties of metamaterials make them ideal candidates to be used in acoustic devices, imaging, solar applications, and radar & communication. In fact, recent studies depict that metamaterials are being extensively used in solar applications, owing to the massive global demand for clean energy. The governments of various countries have also been striving to promote solar energy on a huge scale, which will provide further impetus to the growth of this segment. Metamaterial technologies industry from solar applications was valued at USD 30 million in 2016 and is projected to generate substantial valuation by 2024. This is essentially due to the widespread advantages that metamaterials provide, over other solar panel coating materials.
Speaking along similar lines, metamaterial technologies market from communication & radar applications registered a revenue of over USD 350 million in 2016, pertaining to the massive penetration of wireless communication. In addition, radar & communication applications are deployed in the defense & civil sectors, for GPS, satellite & commercial applications, and for space communication as well. In fact, Kymeta’s recent agreements are based on the prerequisite of improving satellite communication by replacing traditional antennas with metamaterial antennas. On these grounds, it is forecast that metamaterial technologies industry from communication & radar applications will register heavy gains over 2017-2024.
Metamaterial technologies market has been forecast to have a plethora of opportunities for growth, considering that metamaterials possess superior electrical conductivity, light weight, excellent mechanical strength, and elasticity. One of the many prospects for metamaterial technologies lies in the medical sector, especially when used in the manufacturing of graphene-based products for the detection and treatment of neurological diseases. In addition to functional neurosurgery, it is expected that metamaterials can be used for cancer treatment, ICU monitoring, and spinal surgery. With the rapid expansion of the application sphere of metamaterial technologies market, it is undisputable that this business space, though in its nascent stage for now, will achieve brilliant heights over the years to come.
Read Our Blog:
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Social Media: Google+ | LinkedIn | Twitter | Facebook | News
This release was published on openPR.
Permanent link to this press release:
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 Europe Metamaterial Technologies Market to exceed $600 mn by 2024 here
News-ID: 974761 • Views: 349
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for Metamaterial
Metamaterial Technologies Market 2018 Global Players Kymeta Corporation, Echodyn …
Metamaterial Technologies Market from Europe will likely exceed USD 600 million by the end of 2024. The regional market will be augmented by increased funding by the European Commission on development and research on metamaterial technologies, mostly in solar and optics applications. Latin America metamaterials market will experience gains due to growing information & technology and telecommunications sector. The region will likely generate revenue above USD 30 million by the
Metamaterial Technologies Market 2018-2024 | Key Players Kymeta Corporation, Ech …
Europe Metamaterial Technologies Market will likely exceed USD 600 million by the end of 2024. The regional market will be augmented by increased funding by the European Commission on development and research on metamaterial technologies, mostly in solar and optics applications. Latin America metamaterials market will experience gains due to growing information & technology and telecommunications sector. The region will likely generate revenue above USD 30 million by the end
Metamaterial Market Gaining CAGR of 75.6% With Top Vendor Analysis Of Kymeta, Me …
The Metamaterial Market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The Global Meta Material Market accounted for USD 1,234.6 million in 2016 growing at a CAGR of 75.6% during the forecast period of 2017 to 2024. Market Definition: Global Metamaterial Market Rise in demand of wireless communication has also increased the demand for metamaterial technologies. The rise
Metamaterial Market Dynamics, Forecast, Analysis and Supply Demand 2017 - 2027
Metamaterial Market: Introduction Metamaterial is an engineered material designed to attain properties that are not found in nature. Metamaterials are made of multiple composite materials such as metals, plastics, etc. fashioned in repeating patterns. These artificially structured composite exhibits exotic and unique properties such as electromagnetic properties, compared with traditional composites found in nature. Superior electromechanical properties makes it idle material for various applications in telecommunication industry. Metamaterial also find a
Global Metamaterial Market: Roadmap to Win and Drive Customer Value
Market Highlights The global metamaterials is expected to showcase strong growth in the forecast period owing to anti-glare coating applications, rise in concerns for various design functionalities, and invisibility cloak for stealth aircraft. Other factors promoting the metamaterials market growth include high demand from different end-user industries, including consumer electronics and medical. Additionally, the rise in application scope of metamaterials in the aerospace & defense industry is expected to further propel
Metamaterial Technologies Market trends for 2017 & industry forecast to 2024
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. Metamaterial Technologies Market size will surpass USD 2.5 billion by 2024.Growing need to improve the efficiency of solar photovoltaic (PV) cells is expected to drive the metamaterial technologies market in the forecast timeframe as the product has the ability to enhance the absorption capacity