Metamaterial Technology Market
Global Metamaterial Technology Market Size, Share & Trends Analysis Report by Technology (Electromagnetic, Terahertz, Photonic (optical), Frequency Selective Service, and Others), by Application (Communication Antenna and Radar (Beam Steering), Sensors, Solar Panels and Absorbers Display, Display, Medical Imaging, and Others), by Vertical (Automotive, Aerospace and Defence, Electronics, Health Care, and Others) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global metamaterial technology market is anticipated to grow at a significant CAGR of around 30.5% during the forecast period. The major factor driving the growth of the market include increasing demand for matematerial technologies in healthcare devices, solar power systems, drones, anti-laser coating applications, and other engineering areas. The rapid advancements in 5G technology is further creating scope for the metamaterials, leading to the market growth. Magnetic Resonance Imaging (MRI) is important test for healthcare industry. Using metamaterials-printed circuit boards, hospitals can increase the number of scans without changing equipment. The results generated after using metamaterial technology is satisfactory for hospitals as a higher resolution image is procure and the speed of examination is become faster.
Moreover, the major companies operating in market are focusing on introducing new products, which in turn, boosting the market growth. For instance, META, a nanofabrication company offersa wideproduct portfolio of metamaterials products, in which one is META transparent antenna that is inserted into smartphone displays, on the windows of vehicles and also used in home appliances. Similalry, Sonoblind panels, developed by Metasonnix, a lightweight, plastic acoustic panel performs conventional noise standard solutions.A solution which reduces the noise in busy hospitals wards. The Panels offered by the company are built to allow light and air to pass. Moreover, such panels will be used in schools, in offices and on a busy roads . Also company is focusing to assist such services to the people who prefer to do work from home so that unwanted noise can restricted to some extent.
However, the high of cost of synthetization of metamaterials, and lack of avalaibility of affordable technology to synthesize metamaterials are the factors that may restrains the market growth during the forecast period. Moreover, therecent advances in MTM klystrons including MTM extended interaction oscillator and MTM extended interaction klystron amplifier is offering new growth opportunities to the market.
Impact of COVID-19 Pandemic on Global Metamaterial Technology Market
Metamaterial industry has faced major loss during the COVID-19 pandemic, as car showrooms were closed down and trade exchanges of raw matrials and finished products, between the countries were strictly prohibited as a result the basic raw materials are not available to produce the end products. Not only does one industry face the drop-down in their products but also the healthcare industry, governments, and commercials are drastically affected by the limited supply of metamaterials equipments. As sensors, solar panels, antennas and other products are used in such industries, the unavailability of these products affected the major activities. Closing down of automobile industry affected the metamaterial as optical devices such as LED headlights and night vision system product of metamaterial was not taken into use which leads to heavily dropdown in metamaterial industry. However, COVID-19 pandemic force the people to perform their routine job from home. This trend leads to a subsequent rise in the demand of antennas, strong networks such as 5G, and router leads to an increase in the demand of metamaterial technological market.
Segmental Outlook
The global metamaterial technology market is segmented based on the technology, electromagnetic, terahertz, photonic(optical), frequency selective service, and others. Among these, electromagnetic segment is projected to account the highest share in market owing to the increasing application of electromagnetic metamaterial components such as antennas in communication sector. Based on application market is sub-segmented into communication antenna and radar (beam steering), sensors, solar panels and absorbers , display, medical imaging, and others. Based on the vertical, the market is sub-segmented into automotive, aerospace and defence, electronics, health care, energy and power, and others.
Global Metamaterial Technology Market Share by Application, 2020 (%)
The Communication Antenna and Radar Holds the Major Share in the Global Metamaterial Technology Market
Based on application, communication antenna and radar held the highest share in the market in 2020, and it is further projected to hold the major share during the forecast period. Increasing trend of miniaturisation of telecommunication equipment, and growing interest in multiband antennas has augumneted the adoption of metamaterial technology in telecommunication sector. Furthermore, the usage of 5G networking which provides dynamic and fast network services are becoming popular in telecom sector, a key factor enhancing the market growth. Apart from this, industry players are also working on manufacturing of metamaterial based antennas which provides a high range of radiation, to fulfill the increasing telecom industry demands. However, low cost of implementing these devices in governments sector and defence units leads to increase in the demand.However, communication antenna is largerly used in defence to track enemy, the drones acts as a survellience. With the help of drones, soldiers who are far away from their destination can easily contact with their team. Further, investment done by governments in antenna and radar equipment expected to provide a new pathway for communication and radar industry.
Regional Outlooks
The global metamaterial technology market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Asia-Pacific is expected to be the fastest growing region in global metamaterial technology market during the forecast period. The regional growth is attributed to the factors such as rapid development in telecom sector owing to the increasing prevalence of internet penetration, and advent of 5G technology.
Global Metamaterial Technology Market Growth, by Region 2021-2027
The North America Holds the Major Share in the Global Metamaterial Technology Market
The North American region holds the major share in the metamaterial technology market. The US and Canada are the major economies contributing high to the regional market growth. The growth in the region is attributed to the increasing internet penetration, increased digitalisation, and growing investment in the aerospace & defence sector. for fast food and busy lifestyle are the major driving factors for the market growth of food delivery. In addition, the US government agencies are also contributing to the market growth by providing funding to research universities and industry players for further development in metamaterial technology. This lead to the market growth. the growing per capita income and the changing lifestyle of millennials are the another major driving factors for the market growth. Additionally, the rising penetration of mobile and internet are supporting the market growth. India and Japan are the major contributors to the Metalmaterial Technology market of the region.
Market Players Outlook
The major companies serving the global metamaterial technology market include Kymeta Corp, Metamaterial Technologies Inc., Metamagnetics Inc., Echodyne Corp., Nanohmics Inc, Jem Engineering, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global metamaterial technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Metamaterial Technology Market
• Recovery Scenario of Global Metamaterial Technology Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Metamaterial Technology Market by Technology
5.1.1. Electromagnetic
5.1.2. Terahertz
5.1.3. Photonic(Optical)
5.1.4. Frequency Selective Service
5.1.5. Others
5.2. Global Metamaterial Technology Market by Application
5.2.1. Communication Antenna and Radar (Beam Steering)
5.2.2. Sensors
5.2.3. Solar Panel and Absorbers
5.2.4. Display
5.2.5. Medical Imaging
5.2.6. Others
5.3. Global Metamaterial Technology Market by Vertical
5.3.1. Automotive
5.3.2. Aerospace and Defence
5.3.3. Consumer Electronics
5.3.4. Health Care
5.3.5. Energy and Power
5.3.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Alight Technologies
7.2. Anywaves
7.3. AplphaCore Inc.
7.4. Dereegallera Holdings Ltd.
7.5. Echodyne Corp
7.6. Inframat Corp.
7.7. Jem Engineering
7.8. Kymeta Corp.
7.9. Lumotive Inc.
7.10. Metamegnetics Inc.
7.11. Meta Materials Inc.
7.12. Multiwave Technologies AG
7.13. NahsaiLLC
7.14. Nanohmics Inc.
7.15. Nkt Photonics
7.16. Phoebus Optoelectronics LLC
7.17. Plasmonics Inc.
7.18. Sonobex Ltd.
7.19. TeraView Ltd
7.20. NanoSteel Co, Inc.
1. GLOBAL METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
2. GLOBAL ELECTROMAGNETIC MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL TERAHERTZ MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL PHOTONIC (OPTICAL) MARKET RESEARCH AND ANALYSIS BY REGION,2020-2027($ MILLION)
5. GLOBAL FREQUENCY SELECTIVE SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL OTHER METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION
7. GLOBAL METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
8. GLOBAL COMMUNICATION ANTENNA AND RADAR (BEAMSTEERING) FOR METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL SENSORS FOR METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL SOLAR PANEL AND ABSORBERS FOR METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL DISPLAY FOR METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL MEDICAL IMAGING FOR METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL OTHER METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
15. GLOBAL METAMATERIAL TECHNOLOGY IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL METAMATERIAL TECHNOLOGY IN AEROSPACE AND DEFENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL METAMATERIAL TECHNOLOGY IN CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL METAMATERIAL TECHNOLOGY IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL METAMATERIAL TECHNOLOGY IN ENERGY AND POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL METAMATERIAL TECHNOLOGY OTHERVERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
21. GLOBAL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
22. NORTH AMERICAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. NORTH AMERICAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
24. NORTH AMERICAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. NORTH AMERICAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
26. EUROPEAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. EUROPEAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
28. EUROPEAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. EUROPEAN METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
30. ASIA-PACIFIC METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. ASIA-PACIFIC METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
32. ASIA-PACIFIC METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
33. ASIA-PACIFIC METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
34. REST OF THE WORLD METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
35. REST OF THE WORLD METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY , 2020-2027 ($ MILLION)
36. REST OF THE WORLD METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
37. REST OF THE WORLD METAMATERIAL TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY VERTICAL , 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL METAMATERIAL TECHNOLOGY MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL METAMATERIAL TECHNOLOGY MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL METAMATERIAL TECHNOLOGY MARKET, 2021-2027 (%)
4. GLOBAL METAMATERIAL TECHNOLOGY MARKET SHARE BY TECHNOLOGY , 2020 VS 2027 (%)
5. GLOBAL METAMATERIAL TECHNOLOGY MARKET SHARE BY APPLICATION , 2020 VS 2027 (%)
6. GLOBAL METAMATERIAL TECHNOLOGY MARKET SHARE BY VERTICAL, 2020 VS 2027 (%)
7. GLOBAL METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL ELECTROMAGNETIC MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL TERAHERTZ MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL PHOTONIC (OPTICAL) MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL FREQUENCY SELECTIVE SERVICE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL OTHER METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL COMMUNICATION ANTENNA AND RADAR(BEAM STEERING)FOR METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL SENSORS FOR METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL SOLAR PANEL AND ABSORBERS FOR METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL DISPLAY FOR METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL MEDICAL IMAGING FOR METAMATERIAL TECHNOLOGY SHARE REGION BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL OTHER METAMATERIAL TECHNOLOGY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL METAMATERIAL TECHNOLOGY FOR AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL METAMATERIAL TECHNOLOGY FOR AEROSPACE AND DEFENCE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. GLOBAL METAMATERIAL TECHNOLOGY FOR CONSUMER ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
22. GLOBAL METAMATERIAL TECHNOLOGY FOR HEALTH CARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
23. GLOBAL METAMATERIAL TECHNOLOGY ENERGY AND POWER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
24. GLOBAL METAMATERIAL TECHNOLOGY FOR OTHER VERTICALS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
25. US METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
26. CANADA METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
27. UK METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
28. FRANCE METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
29. GERMANY METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
30. ITALY METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
31. SPAIN METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF EUROPE METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
33. INDIA METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
34. CHINA METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
35. JAPAN METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
36. SOUTH KOREA METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
37. REST OF ASIA-PACIFIC METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
38. REST OF THE WORLD METAMATERIAL TECHNOLOGY MARKET SIZE, 2020-2027 ($ MILLION)
