Metamaterials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Metamaterials Market is Segmented by Type (Electromagnetic, Terahertz, Tunable, Photonic, FSS, and Other Types), Application (Antenna and Radar, Sensors, Cloaking Devices, Superlens, Light and Sound Filtering, and Other Applications), End-user Industry (Healthcare, Telecommunication, Aerospace and Defense, Electronics, and Other End-user Industries), and Geography (Asia-Pacific, North America, South America, Europe, and Middle-East and Africa).

Market Snapshot

metamaterials market
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: >24 %
metamaterials market size

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Market Overview

The metamaterials market is anticipated to register a CAGR of over 24% during the forecast period 2022-2027.

The impact of the COVID-19 pandemic on the market was negligible. The market has been growing at a healthy rate in the past few years.

· One of the major factors driving the use of metamaterials is increasing R&D activities for various applications in the aerospace and defense, telecommunication, and consumer electronics end-user industries, among others.

· Among the applications of metamaterials, the antenna and radar segment is estimated to occupy the largest share.

· Among the end-user industries, the aerospace and defense segment is estimated to account for the largest share.

· North America dominated the market globally, with the highest consumption in 2020.

Scope of the Report

Metamaterials are engineered composites designed for altering electromagnetic properties of materials to obtain responses that are not observed naturally. The metamaterials market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into electromagnetic, terahertz, tunable, photonic, FSS, and other types. By application, the market is segmented into antenna and radar, sensors, cloaking devices, superlens, light and sound filtering, and other applications. By end-user industry, the market is segmented into healthcare, telecommunication, aerospace and defense, electronics, and other end-user industries. By geography, the market is segmented into Asia-Pacific, North America, South America, Europe, and Middle-East and Africa. The report also covers the size and forecasts for the market in 16 countries across major regions, The report offers market size and forecasts for all the above segments in terms of revenue (USD million).

Type
Electromagnetic
Terahertz
Tunable
Photonic
FSS
Other Types (Chiral, Nonlinear, etc.)
Application
Antenna & Radar
Sensors
Cloaking Devices
Superlens
Light & Sound Filtering
Other Applications (Solar, Absorbers, etc.)
End-user Industry
Healthcare
Telecommunication
Aerospace & Defense
Electronics
Other End-use Industries (including Optics)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Usage of Antennas for Communication

· Antenna is one of the most important applications of metamaterials. The unique property of metamaterials is used to improve the performance characteristics of the antenna.

· Metamaterial coatings are applied to improve the radiation and electrically coordinate the properties of little electric and attractive dipole reception apparatuses. These antennas have 95% of information radio signs originating at 350 MHz. Patch reception devices with metamaterial spread have expanded directivity.

· Metamaterial Surface Antenna Technology (MSA-T) is another class of reception apparatus innovation. It can electronically control a radiofrequency bar, rapidly and unequivocally over wide points, without the requirement for moving parts or costly stage moving segments.

· Metamaterials can improve the addition and decrease the arrival loss of a patch radio wire. The first metamaterial-based absorber utilizes three layers, of which two are metallic layers, and one is a dielectric layer, which provides simulated absorptivity of 99% at 11.48 GHz.

· Owing to the abovementioned factors, the demand for metamaterials in antennas is expected to grow during the forecast period.

 metamaterials market trends

Asia-Pacific to be the Fastest-growing Market

· Although North America dominates the global market, followed by Europe, Asia-Pacific is the fastest-growing market and is expected to overtake North America by 2024.

· This growth is majorly due to increasing investments in Asian countries' defense sectors.

· In countries, like China, India, South Korea, Pakistan, etc., governments have been increasing the national defense budget regularly.

· China’s recent increase in defense spending sends a clear signal that the country remains committed to completing the modernization of the People’s Liberation Army (PLA) by 2035 and transforming the PLA into a “world-class” military by 2049, thus creating opportunities in the military technology sector.

· As the number of digital cellular subscribers is witnessing high growth in China, service providers are increasingly concerned with the limited capacities of the existing infrastructure. This has resulted in more deployment of smart antenna systems in China.

· China is expected to strengthen its position among the globally leading consumers of metamaterials over the forecast period.

metamaterials industry

Competitive Landscape

The metamaterial market is partially fragmented, with no player having a significant enough share to influence the market. Kymeta Corporation, Metamaterial Technologies Inc., NKT Photonics, Echodyne Corp., and TeraView Ltd, among others, are some of the prominent players in the market.

Recent Developments

  • · In January 2021, Kymeta Corporation and Hanwha Systems signed an agreement to invest USD 30 million to back the development of Kymeta’s next-generation solutions, the Kymeta U8 and Kymeta Connect.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Aerospace and Defense Industry

      2. 4.1.2 Increasing Usage of Antennas for Communication

      3. 4.1.3 Growing Demand for Wireless Mobile Communication

    2. 4.2 Restraints

      1. 4.2.1 Cost of Synthesization of Metamaterials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Patent Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Electromagnetic

      2. 5.1.2 Terahertz

      3. 5.1.3 Tunable

      4. 5.1.4 Photonic

      5. 5.1.5 FSS

      6. 5.1.6 Other Types (Chiral, Nonlinear, etc.)

    2. 5.2 Application

      1. 5.2.1 Antenna & Radar

      2. 5.2.2 Sensors

      3. 5.2.3 Cloaking Devices

      4. 5.2.4 Superlens

      5. 5.2.5 Light & Sound Filtering

      6. 5.2.6 Other Applications (Solar, Absorbers, etc.)

    3. 5.3 End-user Industry

      1. 5.3.1 Healthcare

      2. 5.3.2 Telecommunication

      3. 5.3.3 Aerospace & Defense

      4. 5.3.4 Electronics

      5. 5.3.5 Other End-use Industries (including Optics)

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 US

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 UK

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Spain

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Echodyne Corp.

      2. 6.4.2 Evolv Technologies Inc.

      3. 6.4.3 Fractal Antenna Systems Inc.

      4. 6.4.4 JEM Engineering LLC

      5. 6.4.5 Kymeta Corporation

      6. 6.4.6 Metamaterials Technologies Inc.

      7. 6.4.7 Multiwave Technologies AG

      8. 6.4.8 Nanohmics Inc.

      9. 6.4.9 NKT Photonics AS

      10. 6.4.10 TeraView Ltd

      11. 6.4.11 Metawave Corporation

      12. 6.4.12 The AEgis Technologies Group

      13. 6.4.13 Metamagnetics Inc.

      14. 6.4.14 NanoSonic Inc.

      15. 6.4.15 Nanoscribe GmbH

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Opportunities in Research and Healthcare

**Subject to Availability

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Frequently Asked Questions

The Metamaterials Market market is studied from 2017 - 2027.

The Metamaterials Market is growing at a CAGR of >24% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Kymeta Corporation, Metamaterial Technologies Inc., NKT Photonics AS, Echodyne Corp., TeraView Limited are the major companies operating in Metamaterials Market.

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