Metamaterials Market - Growth, Trends, and Forecast (2019 - 2024)

The 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, 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 & Africa).

Market Snapshot

Metamaterials Market Sumary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for metamaterials is anticipated to register a CAGR of 24.35% during the forecast period (2019-2024). 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. Increasing wireless mobile communication and antenna applications are driving the market at a faster pace.

  • 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 across the world, with the largest consumption in 2018.

Scope of the Report

The metamaterials market report includes:

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

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Key Market Trends

Increase in Usage of Antennas for Communication

  • Recently, there has been an increased interest in microwave applications across the telecommunication sector. Metamaterials can be engineered to produce exotic electromagnetic signals. These materials exhibits various refractive properties, such as negative refractive index (NRI) and left-handed material (LHM). For this reason, such materials are indispensable in the manufacture of microwave components, and in the design and manufacture of high-functioning antennas.
  • A negatively permeable metamaterial shell is utilized to enclose loop antennas in magnetic induction (MI) communication systems. It has been theoretically proved that a communication range of around 20m can be achieved with acceptable data rates, by using metamaterial-enhanced MI communication systems and pocket-sized loop antenna. Thus, the usage of these materials in remote environments can have significant impact on connectivity.
  • The usage of metamaterial antennas have been increasing over the past few years. A company named Kymeta Corporation stated that its sales of Ku-band metamaterial antenna increased in 2018, as compared to the previous years. The demand for such antennas is due to their use in vessels, radar, and special smart phones.
  • Using metamaterials in antennas enables an individual to focus six times beyond diffraction limit at 0.38 μm. These metamaterials are used in cell phones to provide antennas, which are five times smaller and have a bandwidth range of 700 MHz - 2.7 GHz.
  • Currently, scientists are engaging in the research of wide angle impedance matching (WAIM) technology. It has been proven that metamaterials can be used to achieve superior wide angle impedance for phased array antennas.
  • The aforementioned factors are expected to increase the demand for metamaterials, during the forecast period.
Key Market Trends  - Metamaterials Market

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Asia-Pacific Region 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 the increasing investments in the Asian countries' respective defense sectors. In countries, like China, India, South Korea, Pakistan, etc., governments have been increasing the national defense budget regularly. In the 2018 budget, China announced an 8.1% increase in its defense budget, amounting to USD 175 billion, the second largest defense budget in the world, after the United States.

Regional - Metamaterials Market

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Competitive Landscape

The metamaterial market is fragmented, with no player having a significant share to influence the market. The market is dominated by manufacturers using metamaterials for antenna and radar applications. Kymeta, JEM Engineering, Metamaterial Technologies Inc., NKT Photonics, TeraView Ltd, Fractal Antenna Systems Inc., and Echodyne Corp., among others, are some of the prominent players present in the market.

Major Players

  1. Kymeta Corporation
  2. JEM Engineering LLC
  3. Metamaterial Technologies Inc.
  4. NKT Photonics AS
  5. Fractal Antenna Systems Inc.

* Complete list of players covered available in the table of contents below

Competitive Landscape - Metamaterials Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Porters 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 and Radar

      2. 5.2.2 Sensors

      3. 5.2.3 Cloaking Devices

      4. 5.2.4 Superlens

      5. 5.2.5 Light and 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 and 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 United States

        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 United Kingdom

        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 & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share 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 MetaShield LLC

      8. 6.4.8 Multiwave Technologies AG

      9. 6.4.9 Nanohmics Inc.

      10. 6.4.10 NKT Photonics AS

      11. 6.4.11 Plasmonics Inc.

      12. 6.4.12 TeraView Ltd

      13. 6.4.13 SpeCom Oy

      14. 6.4.14 Protemics GmbH

      15. 6.4.15 Sensormetrix

      16. 6.4.16 Phoebus Optoelectronics LLC

      17. 6.4.17 Antrum Ltd

      18. 6.4.18 Metawave Corporation

      19. 6.4.19 The AEgis Technologies Group

      20. 6.4.20 Triton Systems Inc.

      21. 6.4.21 EM Infinity

      22. 6.4.22 Metamagnetics Inc.

      23. 6.4.23 NanoSonic Inc.

      24. 6.4.24 Acoustic Metamaterials Group

      25. 6.4.25 Nanoscribe GmbH

      26. 6.4.26 Sonobex Limited

    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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