Market Overview
- The Global Metamaterials Market is expected to grow at a high CAGR during the forecasting period (2020-2027).
- Metamaterials are artificially structured materials arranged in repeating patterns used to mold and control the flow of electromagnetic waves. The Metamaterials are composed of multiple elements which are used to transfer various physical waves. The materials have significant use in the advents of the electronics systems including satellites, communications, management of multiple systems and displays, and more than hundreds of systems. Rising the demand for reconfigurable and tunable artificial electromagnetic materials in the telecommunications, aerospace, and defense system has propelled the Metamaterials market. As these Metamaterials are used to control and manipulate light & sound waves, and other physical phenomena. The Metamaterials have many applications including for making sensors, cloaking, solar power management, Superlensing, light-emitting diodes, high gain antennas also in various remote aerospace applications.
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Market Dynamics
- The market is driven by the rising demand for wireless technologies for better communications through the antenna and mobile connectivity due to an increase in the number of internet users across the globe. As per the Congressional Research Service Organization report, the total number of internet-connected devices including consumer devices, and industrial devices like sensors predictive maintenance, smartwatches, smart meters has been increased to 17.8 billion globally. This propels the demand for efficient communications systems which can be achieved by the best metamaterials. Furthermore growing demand for Metamaterials in various applications including Information and communication technology like radars antennas, industrial applications, as well as in the solar power solution.
- There is a rise in the adoption of the advanced technology Metamaterials in the various applications including aerospace, drones, aircraft as well as in the autonomous vehicles. For instance, on 6th Jan 2020, Echo dyne Company has been developed the high tech Metamaterials based radar beam on autonomous cars with Echo Drive systems. The radar beam is made from the highly engineered surfaces with a pocket-sized radar unit that can be used for drones, autonomous cars, and aircraft.
Segment Analysis
- The global metamaterials market is segmented based on product type, applications, end-users, and region.
- In terms of the global metamaterials market is bifurcated into Non-linear, Terahertz, Electromagnetic, tunable, frequency selective surface, photonics, and others. Among these, the Electromagnetic segment has the highest market share in 2019 owing to the increasing launching of advanced technology-based electromagnetic devices for communications. For instance, on 10th Oct 2017, the Company Astronics Ballard Technology had been launched an innovative aircraft communications server. This is the compact web CSS first highly-integrated smart AID, server, and router that helps to connect avionics data with wired and wireless networks in a single compact box.
- Similarly, Non-linear, Terahertz, tunable, frequency selective surface, photonics segments are also growing at a faster pace owing to raising the global telecommunications demand for connecting the networks through efficient metamaterials for better connectivity all over the world.
- Depending on the applications, the global metamaterials market is divided into Superlens, Cloaking devices, Antenna & Radars, Absorber, and others. Among this, Antenna & Radars segment has the highest share in 2019. This is primarily due to rising utilization of the metamaterials based radar and antenna in the satellite communications systems to boost surveillance capabilities for all-weather earth observation satellite with its synthetic aperture radar (SAR). For instance, on 23rd May 2019, the Indian Space Research Organization (ISRO) had been successfully launched the PSLV-C46 rocket which has used advanced technology of 3.6m radial rib antenna (RRA) for imaging earth observation through satellite Risat-2B. This has been boosted the surveillance capabilities of the country to get clear images in forestry, agriculture, and disaster management support.
- Similarly, the Superlens, Cloaking devices, Absorber segments are also growing at a faster pace due to increasing the adoption of advanced technology-based connected devices with a surge in the number of internet users. As per the recent news, the number of internet-connected devices has been increased to 22 billion across the globe in 2018 and is projected to reach 50 billion by 2050.
- Depending upon the end-users, the global metamaterials market is segmented into Consumer Electronics, Aerospace & Defense, Automotive, Energy & Power, and others. Among this aerospace & defense has the highest market share owing to the increasing need for radars and antennas in the aerospace, defense, and military sectors for better performance of communication systems.
- Similarly, consumer electronics, medical devices, automotive, and energy & power segments are also growing at a faster pace owing to increasing demand for efficient medical devices, energy, and power utilities for serving huge global populations. As per the National Research University of Information Technologies report, the metamaterials can enhance the sensitivity of MRI scan medical devices by 50% hence results in extraordinary growth inefficiency. The metamaterials are the combination of artificial periodic structures that interacts with electromagnetic radiation which enhances the sensitivity of the MRI scanners.
Geographical Analysis
- By region, the global Metamaterials market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America is the dominant region for the global metamaterials market and expected to grow at the highest CAGR during the forecasted period due to the presence of leading players with growing telecommunication sector investments like 5G networks, and rising wireless technology adoption followed by Europe region. According to the CTIA Association, the Americans generate more than USD 400 billion with the help of wireless service annually in the economic activity including the usage of advanced technology metamaterials for building connected devices networks.
- The Asia Pacific is also growing at a faster pace for the Metamaterials market, owing to rising government investment for building telecommunications infrastructures and with a surge in demand for the connected devices in this region. According to the International Telecommunication Union (ITU), the Asian Countries are thriving to invest in the building the strong telecommunications systems using the advanced metamaterials. As per the above organization, in the Asia Pacific region Australia, China, Malaysia, and many other countries have invested around USD 34.7 billion for national satellite for rural areas using wireless network, 6 billion telecommunications projects by China whereas Malaysia had been launched National Fiber Connectivity Plan (NFCP) in 2019. Similarly, Thailand has invested around USD160 million in digital connectivity development projects.
Competitive Analysis
- The global Metamaterials market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. JEM Engineering LLC, NanoScribe, Oxford, Fractal Antenna Systems Inc., American Elements, MTI, Kymeta Corporation, Metamaterial Technologies Inc., ONR, Photon D, DUKE, and NKT Photonics AS is the leading market players with significant market share.
- Companies are entering into the collaborations, acquisitions, mergers, investments, and licensing for increasing their market penetration. For instance, on 15th Jan 2019, Metamaterial Technologies Inc., Mitacs, and Dalhousie University have been collaborated to explore the light manipulation technique with the help of metamaterials. The partnerships have been made for advanced technology development and discoveries in electromagnetic technology, wireless communication, electricity, lasers, and computers for this purpose announced the investment of around USD 1.62 Million.
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The Global Metamaterials Technologies Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Metamaterials are metallic or semiconductor substances that derive properties from their structure rather than components.
It exhibits properties of negative refractive index.
Metamaterials are used in industries such as telecommunication, medical, optics, defense and solar.
They are used in the manufacturing of photonic cells, UV materials, Infrared cells, etc.North America is the leading producer as well as the consumer of metamaterials technologies and is expected to be the fastest growing market during the forecast period.
The factors influencing the same are government research grants and investment by venture capitalist in startup firms.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Metamaterials Technologies Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/1204-metamaterials-technologies-market-reportThe major companies operating in this market are:Colossal Storage CorporationInframat CorporationOpalux Inc.Luminus Devices Inc.Applied EM Inc.Echodyne CorporationMetamagnetics Inc.Fractal Antenna Systems, Inc. (FRACTAL)Fianium Ltd.Metamaterial Technologies Inc.Medical Wireless Sensing Ltd. (MediWiSe)Nanosteel Company Inc.Evolv TechnologyKymeta CorporationAlight TechnologiesSandvik Materials Technology ABSEGMENTATIONS IN REPORT:Metamaterials Technologies By ProductRadio & Microwave MetamaterialsPhotonic MetamaterialsTerahertz MetamaterialsAcoustic MetamaterialsOthers (Including Infrared Metamaterials, Ultraviolet Metamaterials, Etc.
The Global Metamaterials Market research study published by Emergen Research is an extensive collection of insightful information about the Metamaterials industry.
The report covers the Metamaterials Market segmentation along with a detailed outline of the Metamaterials market size with regards to volume and valuation.
The report provides comprehensive coverage of the Metamaterials market scenario for the current period and forecast timeline of 2020-2027 The Global Metamaterials Market is projected to reach USD 3.61 billion in 2027.
The key factors influencing the market include increasing demand for the new technologies that can be used in many applications such as absorbers, superlenses, and antennas instead of the conventional materials in order to boost the performance of themachinery and reliability of overallprocesses across applications.Market Dynamics:The report offers insightful information about the market dynamics of the Metamaterials market.
It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Metamaterials market, competitive landscape, factors affecting it, and to predict the growth of the industry.
It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Metamaterials market.Get a sample of the report @ https://www.emergenresearch.com/request-sample/127Table of Contents:Chapter 1 includes an introduction of the global Metamaterials market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.Top competitors of the Metamaterials Market profiled in the report include:MetaShield LLCKymeta CorporationMediWise Ltd.Phoebus Optoelectronics LLCJEM Engineering, LLCMultiwave Technologies AGEchodyne, Inc.NKT Photonics ASKey Points of Metamaterials Market:Extensive coverage of the analysis of the Metamaterials marketKey insights into the regional spread of the industry in key geographiesRadical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the marketComprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Metamaterials marketComplete data about the key manufacturers and vendors in the Metamaterials marketTo know more about the report, visit @https://www.emergenresearch.com/industry-report/metamaterials-market Thank you for reading the report.
