Metamaterials Market Executive Summary, Introduction, Sizing, Analysis And Forec

Posted by rohit on February 18th, 2020

Market Overview

Metamaterials are type of composite material structures, which contain exceptional material properties such as acoustic, electrical, magnetic, and optical properties.  They comprise arrays of resonators that manipulate electromagnetic waves or sound in ways not normally found in nature. The physical properties metamaterials exhibit are exceptional such as negative permittivity and permeability. The metamaterials permit engineers to control the wave propagation by arranging the unit cells in various ways. In other words, metamaterials are artificial or manmade composite materials, which derive their properties through their internal microstructure rather than chemical composition found in natural chemicals.

This report provides in-depth analysis of the metamaterials market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year.

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Market Dynamics

Increasing use of metamaterial in medical and telecommunication sector for the development of metamaterial lenses, antennas, and sensors that are more efficient than the conventional systems is expected to drive the market growth over the forecast period. Furthermore, sensors and microwave antenna are the prime components of telemetry systems and metamaterials consist of electromagnetic properties, due to which the metamaterials are majorly adopted in the telecom sector.

Moreover, the demand for antennas and radars is expected to increase over the forecast period, owing to increasing safety requirements in the defense sector. Radars are used to detect any aerial obstacle and guide the aircraft. Metamaterials are majorly adopted for antenna and radars. These factors are expected to fuel demand for antennas and radars, thereby propelling growth of the market over the forecast period.

Detailed Segmentation:

  • Global Metamaterials market, By Product Type:

    • Electromagnetic

      Terahertz

      Tunable

      Photonic

      Frequency Selective Surface (FSS)

  • Global Metamaterials market, By Application:

    • Antenna and Radar

      Sensors

      Cloaking Devices

      Superlens

      Light

      Sound Filtering

  • Global Metamaterials market, By End Use Industry:

    • Healthcare

      Telecommunication

      Aerospace and Defense

      Electronics

      Automotive

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Some of the key players operating in the global metamaterials market include,Acoustic Metamaterials Group Ltd., Advanced Research Projects Agency, Echodyne, Inc., Fractal Antenna Systems Inc., JEM Engineering, Kymeta Corporation, Metaboards Limited Metamagnetics Inc., Metamaterial Technologies Inc., Nano-Meta Technologies, Inc., Palo Alto Research Center Incorporated, and TeraView.

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rohit

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rohit
Joined: February 6th, 2020
Articles Posted: 341

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