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.The uniquely engineered synthetic structures having superior electromagnetic properties find a higher number of use cases and a vast potential for usage in large end-use verticals such as automotive, consumer electronics, medical, and others. The metamaterial market is driven mainly by demand from thetelecommunications applications because of the potential of the material to be used in the devices such as radars.
The study on the Global Metamaterials Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Metamaterials market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Metamaterials industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Metamaterials industry.
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Further key findings from the report suggest
The aerospace & defense end-uses is being consedered to be the largest end-use segment in terms of revenue, and this domination is projected to continue in the projected period. The reason behind this is the fast development of this vertical end-user in core economies such as the United States, the U.K., Germany, China, India, and Russia.
The antenna sub-segment is expected to accumulate a steady growth rate over the forecasted period, primarily owing to an increased demand for specialized antennas in applications especially in defense, aerospace, & telecommunications.
The absorber sub-segment products are used in the manufacture of products such as the cloaking systems, super, and lenses. The advantages of using metamaterials in the antenna and absorber segments helps make it to be among the higher revenue generation segments.
In September 2019, a joint venture of the Caltech-Georgia Tech Zurich team developed a modern type of architected Metamaterial that too having the ability to shape change in a tunable method.
Leading Companies of the Metamaterials Industry and Profiled in the Report are:
Metamaterial Technologies, Inc., MetaShield LLC., Kymeta Corporation, MediWise Ltd., Phoebus Optoelectronics LLC, JEM Engineering, LLC, Multiwave Technologies AG, Echodyne, Inc., NKT Photonics AS and Fractal Antenna Systems Inc., among others.
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Furthermore, the report divides the Metamaterials market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
For the purpose of this report, Emergen Research has segmented into the global Metamaterials Market on the basis of Product Type, Application, End-Use, and Region:
Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Electromagnetic
Tunable
Photonic
Frequency Selective Surface
Terahertz
Others
Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Absorber
Antenna
Cloaking Devices
Super Lens
MRI
X-ray
Others
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Medical
Automotive
Consumer Electronics
Aerospace and Defense
Energy and Power
Others
Regional Analysis:
The report sheds light on the region expected to dominate the Metamaterials market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Metamaterials market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Points of Metamaterials Market:
Extensive coverage of the analysis of the Metamaterials market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Metamaterials market
Complete data about the key manufacturers and vendors in the Metamaterials market
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