Metamaterials Market is estimated to be US$ 4277.59 million by 2030 with a CAGR of 35.1% during the forecast period
Metamaterials
Market accounted for
US$ 211.40 million in 2020 and is estimated to be US$ 4277.59 million by 2030
and is anticipated to register a CAGR of 35.1%. Metamaterials are the
artificial materials having unique properties derived from the structure of
constituent material infused them. The constituents can be any size, geometry,
shape, and orientation. Constituent can be arrange in any pattern, due to
affecting the electromagnetic radiation of the resulting metamaterial in
unconventional manner and it gives unique properties to metamaterial such as
negative permittivity and permeability that are impossible to obtain with
conventional materials. The unique, engineered properties of metamaterials to
make them usable and inherently valuable in various applications such as
windscreens, solar panels, communication antennas, sensors, and medical imaging
devices.
The report " Global Metamaterials Market, By
Material Type (Electromagnetic Metamaterial, Terahertz Metamaterial, Photonic
Metamaterial, Tunable Metamaterial, and Frequency Selective Surface
Metamaterial), By Application (Antenna, Bea Steering System, Frequency
Selective Surfaces, and Sensing), By Industry Type (Aerospace and Defense,
Automotive, Medical Instrumentation, Telecommunication, and Optics), and By
Region (North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
·
Caltech and
Georgia Tech Zurich teamed in September 2019 to produce a modern sort of
architected metamaterial with the added property of altering shape in an
adjustable fashion.
·
Metamterial
Technologies Inc. began direct sales via an online store in November 2020.
Initially, the company will sell metaOPTIX Holographic Film Notch Filters as a
product family.
Analyst View:
Now a days, there has been increased interest in
microwave application across to the telecommunication sector. They can be
produce exotic electromagnetic signals. Growing the usage of antennas for the
communication are the crucial factor accelerating in the market growth. Rising
capital investment from private and public sources, increasing unique
engineered properties , rising high skilled researches for the product
commercialization, increasing safety requirements in the defense sectors are
the major factors that boosting the metamaterial market. Furthermore, rising
the technological modernization and advancement in the product techniques and
rising development activities and research in the market will create new
opportunities for metamaterial market in the forecast period. Increasing cost
of manufacturing metamaterial is major factors which might hinders the market
of metamaterial.
Before purchasing this report, request a sample or make an inquiry
by clicking the following link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/824
Key Market Insights from the report:
Global Metamaterials Market accounted for US$
211.40 million in 2020 and is estimated to be US$ 4277.59 million by 2030 and
is anticipated to register a CAGR of 35.1%. The Global Metamaterials Market is
segmented by material type, application, industry type, and region.
·
By material
type, the Global Metamaterials Market is segmented into Electromagnetic
Metamaterial, Terahertz Metamaterial, Photonic Metamaterial, Tunable
Metamaterial, and Frequency Selective Surface Metamaterial.
·
By
Application, the Global Metamaterials Market is segmented into Antenna, Bea
Steering System, Frequency Selective Surfaces, and Sensing.
·
By industry
type, the Global Metamaterials Market is segmented into Aerospace and Defense,
Automotive, Medical Instrumentation, Telecommunication, and Optics.
·
By region, the
Global Metamaterials Market is segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
Key players in the global metamaterials market
includes, Kymeta Corporation, Metamaterial Technologies, Inc., Phoebus
Optoelectronics LLC, Multiwave Technologies AG, MediWise Ltd., MetaShield LLC.,
Fractal Antenna Systems Inc., and Palo Alto Research Center Incorporated.
The market provides detailed information
regarding the industrial base, productivity, strengths, manufacturers, and
recent trends which will help companies enlarge the businesses and promote
financial growth. Furthermore, the report exhibits dynamic factors including
segments, sub-segments, regional marketplaces, competition, dominant key
players, and market forecasts. In addition, the market includes recent
collaborations, mergers, acquisitions, and partnerships along with regulatory
frameworks across different regions impacting the market trajectory. Recent
technological advances and innovations influencing the global market are
included in the report.
About Prophecy
Market Insights
Prophecy Market Insights
is specialized market research, analytics, marketing/business strategy, and
solutions that offers strategic and tactical support to clients for making
well-informed business decisions and to identify and achieve high-value
opportunities in the target business area. We also help our clients to address
business challenges and provide the best possible solutions to overcome them
and transform their business.
To know more
Contact Us:
Sales
Prophecy Market Insights
Email- sales@prophecymarketinsights.com
Comments
Post a Comment