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Metamaterials Market Size, Share, and Industry Report [2031]
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Metamaterials Market Size, Share, and Industry Report [2031]

Segments - Metamaterials Market by Applications (Superlens, Antenna & Radar, Cloaking Devices, Light & Sound Filtering, Sensors, and Others), Types (Photonic, Electromagnetic, FSS, Tunable, Terahertz, and Others), End-users (Aerospace & Defense, Healthcare, Telecommunication, Electronics, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-3930 | 4.5 Rating | 52 Reviews | 202 Pages | Format : PDF Excel PPT

Report Description


The global metamaterials market size was valued at USD 416.94 Million in 2022 and is projected to reach USD 6.95 Billion by 2031, expanding at a CAGR of around 36.7% during the forecast period, 2023 – 2031. The growth of the market is attributed to the surging antenna applications and wireless mobile communication.

Metamaterials are artificially engineered materials that can achieve electromagnetic properties such as electromagnetic clocking and negative index of refraction. These materials are the novel class of functional materials built around micro and nano structures, which helps in easy interaction of material with light and any other form of energy. A metamaterial generally consists of a meta-units, which are the multiple individual elements. Each element is built from conventional materials especially dielectrics, which include plastic and metals. Plasmonic metamaterials, negative index metamaterials, photonic metamaterials, and chiral metamaterials are some key examples of the metamaterials widely used in numerous applications.

Metamaterials Market Outlook

The COVID-19 pandemic outbreak had caused negative impact on the market. During the pandemic, the emergency lockdown imposed by government bodies across countries has resulted in the disruption of global supply chain, limited availability of workforce, and halted operations of manufacturing plants. The market is expected to recover soon with an uptrend operation due to gradually decline in COVID cases across the globe.

  • Increasing R&D activities for various applications in the consumer electronics, telecommunication, and aerospace & defense sector is a key factor driving the market.

  • Rising demand for metamaterials-based radar drones and solar power systems across the globe is projected to boost the market during the forecast period.

  • High cost for manufacturing of metamaterials acts as a major challenge that can restrict the market growth in the coming years.

  • Strict government regulations on the use of materials in various applications is expected to hamper the market growth during the projected timeline.

  • Surging advancements in 5G technology worldwide is anticipated to create significant growth opportunities for the market.

Scope of Metamaterials Market Report

The report on the global metamaterials market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Metamaterials Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Applications (Superlens, Antenna & Radar, Cloaking Devices, Light & Sound Filtering, Sensors, and Others), Types (Photonic, Electromagnetic, FSS, Tunable, Terahertz, and Others), and End-users (Aerospace & Defense, Healthcare, Telecommunication, Electronics, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

JEM Engineering LLC; NKT Photonics A/S; Fractal Antenna Systems Inc.; Kymeta Corp.; Echodyne Corp.; Metamaterial Technologies Inc.; and TeraView Ltd.

Metamaterials Market Segment Insights

Antenna & radar segment to grow at high CAGR

On the basis of applications, the market is segregated into superlens, antenna & radar, cloaking devices, light & sound filtering, sensors, and others. The antenna & radar segment is estimated to grow at high CAGR during the forecast period owing to surging demand for communication antennas for applications such as 5G communications, satellite communication, radar communication, and Wi-Fi routers. On the other hand, the sensors segment is anticipated to register significant growth during the projected period attributed to the rising use of this sensors in the healthcare sector as it is more sensitive for change detection.

Metamaterials Market Applications

Electromagnetic segment to grow at rapid pace

In terms of types, the global metamaterials market is fragmented into photonic, electromagnetic, FSS, tunable, terahertz, and others. The electromagnetic segment is expected to grow at a rapid pace during the forecast period owing to the extensive use of product type into various items including microwave couplers, antennas, lenses, beam sterrers, radoms, and band-pass filters. On the other hand, the terahertz segment is expected to expand at a substantial growth rate in the coming years attributed to the growing use of the product for interaction at terahertz frequencies and in remote sensing and spectroscopy technology.

Metamaterials Market Types

Aerospace & defense segment to expand at robust growth

Based on end-users, the market is divided into aerospace & defense, healthcare, telecommunication, electronics, and others. The aerospace & defense segment is projected to expand at robust growth rate during the forecast period due to the growing need for radar and antennas for commercial purpose and in the military sector. Additionally, the segment growth is further accelerated as the metamaterial-based antennas are thin, efficient, and can perform better than conventional antennas. However, the healthcare segment is anticipated to expand at a substantial CAGR during the forecast period owing to use of metamaterial-based products in medical devices such as imaging devices and sensors.

North America to constitute a key market share

In terms of region, the global metamaterials market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the rising demand for metamaterial-based products by various end-users such as the aerospace & defense sector. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the increasing investment in the defense sector by major economies in the region. Moreover, key factors such as rapid growth in medical, telecommunication, and consumer electronics sector are driving the regional market growth further.

Metamaterials Market Region

Segments

The global metamaterials market has been segmented on the basis of

Applications

  • Superlens
  • Antenna & Radar
  • Cloaking Devices
  • Light & Sound Filtering
  • Sensors
  • Others

Types

  • Photonic
  • Electromagnetic
  • FSS
  • Tunable
  • Terahertz
  • Others

End-users

  • Aerospace & Defense
  • Healthcare
  • Telecommunication
  • Electronics
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • JEM Engineering LLC
  • NKT Photonics A/S
  • Fractal Antenna Systems Inc.
  • Kymeta Corp.
  • Echodyne Corp.
  • Metamaterial Technologies Inc.
  • TeraView Ltd.

Competitive Landscape

Key players competing in the global metamaterials market are JEM Engineering LLC; NKT Photonics A/S; Fractal Antenna Systems Inc.; Kymeta Corp.; Echodyne Corp.; Metamaterial Technologies Inc.; and TeraView Ltd. Companies are focusing on investment in R&D for development for advancements in materials to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in November 2020, Metamaterial Technologies Inc., a Canada-based manufacturer and distributor of nano composite and optical solutions started direct sales of families of metaOPTIX Holographic Film Notch Filters through an online store on digital platform. In December 2020, Hanwha Systems invested a USD 30 million in Kymeta, a US-based satellite communication company to boost the development of its next-generation solutions namely Kymeta Connect and Kymeta u8. This initiative was to support the metamaterial-based antenna technology of Kymeta and build up a strong position in the low earth orbit antenna market.

Metamaterials Market Key Players


 

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metamaterials Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Metamaterials Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Metamaterials Market - Supply Chain
  4.5. Global Metamaterials Market Forecast
     4.5.1. Metamaterials Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Metamaterials Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Metamaterials Market Absolute $ Opportunity
5. Global Metamaterials Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Metamaterials Market Size and Volume Forecast by Types
     5.3.1. Photonic
     5.3.2. Electromagnetic
     5.3.3. FSS
     5.3.4. Tunable
     5.3.5. Terahertz
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Metamaterials Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Metamaterials Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Metamaterials Demand Share Forecast, 2019-2026
7. North America Metamaterials Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Metamaterials Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Metamaterials Market Size and Volume Forecast by Types
     7.4.1. Photonic
     7.4.2. Electromagnetic
     7.4.3. FSS
     7.4.4. Tunable
     7.4.5. Terahertz
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Metamaterials Demand Share Forecast, 2019-2026
8. Latin America Metamaterials Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Metamaterials Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Metamaterials Market Size and Volume Forecast by Types
     8.4.1. Photonic
     8.4.2. Electromagnetic
     8.4.3. FSS
     8.4.4. Tunable
     8.4.5. Terahertz
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Metamaterials Demand Share Forecast, 2019-2026
9. Europe Metamaterials Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Metamaterials Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Metamaterials Market Size and Volume Forecast by Types
     9.4.1. Photonic
     9.4.2. Electromagnetic
     9.4.3. FSS
     9.4.4. Tunable
     9.4.5. Terahertz
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Metamaterials Demand Share Forecast, 2019-2026
10. Asia Pacific Metamaterials Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Metamaterials Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Metamaterials Market Size and Volume Forecast by Types
     10.4.1. Photonic
     10.4.2. Electromagnetic
     10.4.3. FSS
     10.4.4. Tunable
     10.4.5. Terahertz
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Metamaterials Demand Share Forecast, 2019-2026
11. Middle East & Africa Metamaterials Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Metamaterials Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Metamaterials Market Size and Volume Forecast by Types
     11.4.1. Photonic
     11.4.2. Electromagnetic
     11.4.3. FSS
     11.4.4. Tunable
     11.4.5. Terahertz
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Metamaterials Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Metamaterials Market: Market Share Analysis
  12.2. Metamaterials Distributors and Customers
  12.3. Metamaterials Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. JEM Engineering LLC
     12.4.2. NKT Photonics A/S
     12.4.3. Fractal Antenna Systems Inc.
     12.4.4. Kymeta Corp.
     12.4.5. Echodyne Corp.
     12.4.6. Metamaterial Technologies Inc.
     12.4.7. TeraView Ltd.

Methodology

Our Clients

Microsoft
Siemens Healthcare
General Mills
The John Holland Group
General Electric
Nestle SA
Deloitte
Honda Motor Co. Ltd.