Metamaterials Market Size

Statistics for the 2023 & 2024 Metamaterials market size, created by Mordor Intelligence™ Industry Reports. Metamaterials size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Metamaterials Industry

Metamaterials Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 24.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Metamaterials Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Metamaterials Market Analysis

The Metamaterials Market is expected to register a CAGR of over 24% during the forecast period.

COVID-19 had a negative impact on the market. The Metamaterials Market was negatively affected due to the suspension of several ongoing projects and low investments in the automotive, defense, aerospace, and electronics industries. However, the market gained momentum in 2021 and was expected to grow at a healthy rate.

  • 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.
  • On the contrary, the inadequate infrastructure for large quantities of metamaterials and a lack of awareness of the benefits of metamaterials are likely to hamper the market growth.
  • The use of metamaterials in solar systems and metamaterial-based radars for drones will likely act as opportunities for the market studied.
  • North America dominated the market globally. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period.

Metamaterials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)