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Metamaterials Market Size Worth USD 2.96 Billion by 2025 | CAGR: 22.3%

The metamaterials market is expected to grow at CAGR of 22.3% to reach USD 2.96 billion by 2025.

Metamaterials are artificially engineered materials with exceptional properties such as electrical, acoustic, optical, magnetic, etc. These materials offer various advantages compared to conventional optical materials, such as optical cloaking and negative refractive indices. A key goal for metamaterial manufacturers is to find compatible materials with the Complementary Metal Oxide Semiconductor (CMOS) fabrication technology used for electronic circuits. The market growth is majorly attributed to the rising investment by key players coupled with increasing government/non-government funding in this sector. For example, as per the various research studies, there are more than 30 metamaterial developers globally, who have received over USD 300 million in investment. Such factors will pick up the industry growth after a sluggish few years.

The Global Metamaterials Market Report provides market size, competitive backgrounds and market hopes. The research is derived through primary as well as secondary data sources and it includes both qualitative and quantitative detailing. This study mainly helps recognize which market segments, regions or country, an investor should focus in years to channelize their efforts and investments to maximize growth and profitability. At last, the report presents the market competitive landscape and a steady in-depth analysis of the major key players in the industry. On the flip side, strict regulations will hamper the usage of metamaterials in various applications.

KEY TAKEAWAYS

Depending upon products, the industry is divided as Terahertz, Electromagnetic, Tunable, Photonic, Non-linear and Frequency Selective Surface. Of these, Electromagnetic segment emerged as the major product category, accounted for over 30% of the total revenues share.
Terahertz product is anticipated to grow with the fastest growth rate during the study period
The antenna application was the biggest segment in the worldwide industry, captured over 40% of the global revenues in 2018
North America accounted for the highest share, whereas, Asia Pacific region is growing with the fastest growth rate during the forecast period
Companies namely JEM Engineering, Metamaterial Technologies, Harris Corporation, Applied EM, Kymeta Corporation, Phoebus Optoelectronics, Newport Corporation, and Echodyne are actively present in this industry.
The strategic collaboration is one of the key strategies adopted by key players. For instance, in July 2018, Metamaterial Technologies Inc. acquired Mediwise Limited, a wireless medical device manufacturer. This engagement has helped Metamaterial Technologies in expanding the company’s product portfolio for metamaterial medical applications.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPE