Metamaterials Market- Analysis & Forecasts- 2016 to 2022 - SITE LICENSE

The global metamaterials market in terms of value is estimated to witness a growth at a CAGR of 21.6% between 2016 and 2022. This growth in the market is attributed to their increasing usage of metamaterials in research and development, superior properties of metamaterials over conventional materials, and high demand from various end-use industries such as telecommunication, aerospace & defense, and medical instrumentation.
The engineered materials composed of designed inclusions exhibit exotic and unique electromagnetic properties not inherent in the individual constituent components. These artificially structured composites, known as metamaterials. Metamaterials are artificial composites that acquire their electromagnetic properties from embedded sub wavelength metallic structures.
The report is a compilation of various segmentations including market breakdown by metamaterial type, product type, end-use applications, and different geographical regions. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from metamaterials is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the metamaterials market. It also examines the role of the leading market players involved in this market. The report addresses the following key questions about the global automotive brakes market:
• What the global metamaterials market size is in terms of revenue from 2015-2022?
• What is the dominant type and product type by revenue in the metamaterials market?
• What is the revenue generated by the different brake type and products in the metamaterials market?
• What is the revenue generated application market?
• What are the different factors driving the market forward in the forecast period?
• What are the major factors challenging the growth of global metamaterials market?
• What kind of new strategies are being adopted by existing market players to make a mark in the industry?
• Which region will lead to the global metamaterials market by the end of the forecast period?
The report has put special emphasis on the market share and size of electromagnetic, antennas, and telecommunication, owing to their high share in the current and upcoming market of metamaterials. The industry analysis have also been undertaken in order to examine the impact of various factors and understand the overall attractiveness of the industry.
The most often used strategy for developing a better hold on to the market has been through agreements, collaborations, contracts, and partnerships, followed by new product launches. The company profile section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities of recent years. Some of the key players involved in this market are Applied Em, Jem Engineering, Kymeta Corporation, Metamagnetics, Metamaterial Technologies Inc., Teraview Limited, Harris Corporation, Fractal Antenna Systems Inc., Newport Corporation, KuangChi Science Limited, and Echodyne Inc.

Electromagnetics based metamaterials dominated the metamaterials market accounting for a market share by value in 2015. North America generated the maximum amount of revenue in the year 2015 in the global metamaterials market followed by Europe and Asia-Pacific. Additionally, APAC has the highest potential to grow in the forecast period due to the presence of emerging economies such as China.
Executive Summary 17
1 Scope and Research Methodology 25
1.1 Report Scope 25
1.2 Global Metamaterials Market Research Methodology 26
1.1.1 Assumptions and Limitations 26
1.1.2 Primary Research 27
1.1.3 Secondary Research 28
1.1.4 Data Triangulation 29
1.1.5 Data Analysing & Market Estimation 31
2 Market Dynamics 32
2.1 Introduction 32
2.2 Market Drivers 33
2.2.1 Superior Properties 33
2.2.2 High Demand from varied End-use Application 33
2.3 Market Restraints 35
2.3.1 High Production Cost of Metamaterials 35
2.4 Market Opportunities 36
2.4.1 Tremendous Potential Growth in End-Use Applications 36
2.4.2 Huge Investment by Government and Federal Agencies 37
2.4.3 Growing Demand in Emerging Economies 38
3 Competitive Insights 39
3.1 Key Market Developments and Strategies 39
3.1.1 Agreements, Collaborations, Contracts, & Partnerships 40
3.1.2 New Product Development 42
3.1.3 Mergers and Acquisitions 43
3.1.4 Business Expansions 44
3.1.5 Others 45
3.2 Player Share Analysis 47
4 Industry Analysis 48
4.1 Supply Chain Analysis 48
4.2 Porter’s Five Forces Analysis 49
4.2.1 Threat of New Entrants 50
4.2.2 Threat of Substitutes 50
4.2.3 Bargaining Power of Buyers 51
4.2.4 Bargaining Power of Suppliers 51
4.2.5 Intensity of Competitive Rivalry 51
4.3 Future Trends and Developments in Metamaterials Market 52
5 Global Metamaterials Market, by Metamaterial Type 53
5.1 Introduction 53
5.1.1 Electromagnetic Metamaterials 55
5.1.1.1 Single Negative Metamaterials (SNG): 56
5.1.1.2 Double Negative Metamaterials (DNG): 56
5.1.1.3 Electromagnetic Band Gap Metamaterials (DNG): 56
5.1.1.4 Bi-isotropic and Bi-anisotropic Metamaterials: 56
5.1.2 Terahertz Metamaterials 58
5.1.3 Photonic Metamaterials 60
5.1.4 Other Metamaterials 61
5.1.4.1 Tunable Metamaterials 61
5.1.4.2 Nonlinear Metamaterials 62
5.1.4.3 Frequency Selective Surface (FSS) based Metamaterials 62
6 Global Metamaterials Market, by Product Type 64
6.1 Introduction 64
6.1.1 Antennas 66
6.1.2 Superlens 68
6.1.3 Cloaking Devices 69
6.1.4 Absorbers 71
7 Global Metamaterials Market, by Application 74
7.1 Introduction 74
7.1.1 Telecommunication 75
7.1.2 Medical Instrumentation 78
7.1.2.1 Magnetic Resonance Imaging (MRI) 78
7.1.2.2 Ultrasound Imaging 78
7.1.2.3 Cancer Detection 78
7.1.2.4 Microwave Hyperthermia 79
7.1.2.5 Wireless Strain Sensing 79
7.1.3 Aerospace & Defense 81
7.1.3.1 Radar 81
7.1.3.2 Military Communications 81
7.1.3.3 Drones 81
7.1.4 Optics 83
7.1.5 Sensing 85
7.1.5.1 Biosensors 85
7.1.5.2 Thin-Film Sensor 86
7.1.5.3 Wireless Strain Sensing 86
8 Global Automotive Brakes Market, by Geography 89
8.1 Introduction 89
8.2 North America 92
8.2.1 The U.S. 93
8.2.1.1 Metamaterials Market, by Metamaterial Type, 94
8.2.1.2 Metamaterials Market, by Product Type 94
8.2.1.3 Metamaterials Market, by Application 95
8.2.2 Canada 96
8.2.2.1 Metamaterials Market, by Metamaterial Type 96
8.2.2.2 Metamaterials Market, by Product Type 97
8.2.2.3 Metamaterials Market, by Application 98
8.2.3 Mexico 98
8.2.3.1 Metamaterials Market, by Metamaterial Type 99
8.2.3.2 Metamaterials Market, by Product Type 99
8.2.3.3 Metamaterials Market, by Application 100
8.3 Europe 101
8.3.1 Germany 103
8.3.1.1 Metamaterials Market, by Metamaterial Type 104
8.3.1.2 Metamaterials Market, by Product Type 104
8.3.1.3 Metamaterials Market, by Application 105
8.3.2 France 105
8.3.2.1 Metamaterials Market, by Metamaterial Type 106
8.3.2.2 Metamaterials Market, by Product Type 107
8.3.2.3 Metamaterials Market, by Application 108
8.3.3 The U.K. 108
8.3.3.1 Metamaterials Market, by Metamaterial Type 109
8.3.3.2 Metamaterials Market, by Product Type 109
8.3.3.3 Metamaterials Market, by Application 110
8.3.4 Italy 110
8.3.4.1 Metamaterials Market, by Metamaterial Type 111
8.3.4.2 Metamaterials Market, by Product Type 111
8.3.4.3 Metamaterials Market, by Application 112
8.3.5 Rest of Europe 112
8.3.5.1 Metamaterials Market, by Metamaterial Type 113
8.3.5.2 Metamaterials Market, by Product Type 113
8.3.5.3 Metamaterials Market, by Product Type 114
8.4 Asia-Pacific 115
8.4.1 China 116
8.4.1.1 Metamaterials Market, by Metamaterial Type 117
8.4.1.2 Metamaterials Market, by Product Type 117
8.4.1.3 Metamaterials Market, by Application 118
8.4.2 Japan 118
8.4.2.1 Metamaterials Market, by Metamaterial Type 119
8.4.2.2 Metamaterials Market, by Product Type 119
8.4.2.3 Metamaterials Market, by Application 120
8.4.3 India 120
8.4.3.1 Metamaterials Market, by Metamaterial Type 121
8.4.3.2 Metamaterials Market, by Product Type 121
8.4.3.3 Metamaterials Market, by Application 122
8.4.4 Rest of Asia-Pacific 122
8.4.4.1 Metamaterials Market, by Metamaterial Type 123
8.4.4.2 Metamaterials Market, by Product Type 123
8.4.4.3 Metamaterials Market, by Application 124
8.5 Middle East & Africa (ME&A) 125
8.6 South America 128
9 Company Profiles 131
9.1 Alps Electric Co. Ltd. 131
9.1.1 Company Overview 131
9.1.1.1 Financial Summary 133
9.1.2 SWOT Analysis 134
9.2 Applied Em Inc. 135
9.2.1 Company Overview 135
9.2.2 About the Company 136
9.3 Echodyne Inc. 137
9.3.1 Company Overview 137
9.3.2 About the Company 137
9.4 Fractal Antenna Systems Inc. 138
9.4.1 Company Overview 138
9.4.2 About the Company 138
9.5 Harris Corporation 139
9.5.1 Company Overview 139
9.5.1.1 Financial Summary 141
9.5.2 SWOT Analysis 142
9.6 Inframat Corporation 143
9.6.1 Company Overview 143
9.6.2 About the Company 143
9.7 JEM Engineering LLC 144
9.7.1 Company Overview 144
9.7.2 About the Company 144
9.8 KuangChi Science Limited 145
9.8.1 Company Overview 145
9.8.2.1 Financial Summary 147
9.8.3 SWOT Analysis 148
9.9 Kymeta Corporation 149
9.9.1 Company Overview 149
9.9.2 About the Company 149
9.10 Metamagnetics Inc. 150
9.10.1 Company Overview 150
9.11 Metamaterial Technologies Inc. 151
9.11.1 Company Overview 151
9.11.2 About the Company 152
9.12 Nanohmics Inc. 153
9.12.1 Company Overview 153
9.12.2 About the Company 154
9.13 Newport Corporation 155
9.13.1 Company Overview 155
9.13.1.1 Financial Summary 157
9.13.2 SWOT Analysis 158
9.14 Plasmonics Inc. 159
9.14.1 Company Overview 159
9.14.2 About the Company 159
9.15 TeraView Limited 160
9.15.1 Company Overview 160
9.15.2 About the Company 160

List of Tables
Table 3.1 Partnerships and Collaborations 41
Table 3.2 New Product Developments 43
Table 3.3 Mergers & Acquisitions 44
Table 3.4 Business Expansions 44
Table 3.5 Others 45
Table 5.1 Global Metamaterials Market Size, by Metamaterial Type, US$ Million (2015 – 2022) 55
Table 5.2 Electromagnetic Metamaterials Market Size, by Region, $Million (2015 – 2022) 57
Table 5.3 Terahertz Metamaterials Market Size, by Region, $Million (2015 – 2022) 59
Table 5.4 Photonic Metamaterials Market Size, by Region, $Million (2015 – 2022) 61
Table 5.5 Other Metamaterials Market Size, by Region, $Million (2015 – 2022) 63
Table 6.1 Global Metamaterials Market Size, by Product Type, US$ Million (2015 – 2022) 65
Table 6.2 Metamaterials based Antenna Market Size, by Region, $Million (2015 – 2022) 67
Table 6.3 Metamaterials based Superlens Market Size, by Region, $Million (2015 – 2022) 69
Table 6.4 Metamaterials based Cloaking Devices Market Size, by Region, $Million (2015 – 2022) 71
Table 6.5 Metamaterials based Absorbers Market Size, by Region, $Million (2015 – 2022) 72
Table 7.1 Global Metamaterials Market Size by Application, US$ Million (2015 – 2022) 75
Table 7.2 Metamaterials Market Size in Telecommunication Application, By Region, $Million (2015 – 2022) 77
Table 7.3 Global Metamaterials Market for Medical Instrumentation Application, By Region, $Million (2015 – 2022) 80
Table 7.4 Global Metamaterials Application Market Size for Aerospace & Defense Application, by region, $Million (2015 – 2022) 82
Table 7.5 Metamaterials Market Size in Others Application (2015 – 2022) 84
Table 7.6 Comparison between Types of Biosensor: 86
Table 7.7 Global Metamaterials Market Size in Sensing Application, by Region, $Million (2015 – 2022) 87
Table 8.1 Global Metamaterials Market Size by Application, US$ Million (2015 – 2022) 91
Table 8.2 North America’s Metamaterials Market by Country, $Million (2015 – 2022) 93
Table 8.3 U.S.: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 94
Table 8.4 U.S.: Metamaterials Market, by Product Type, $Million (2015 – 2022) 94
Table 8.5 U.S.: Metamaterials Market, by Application, $Million (2015 – 2022) 95
Table 8.6 Canada: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 96
Table 8.7 Canada: Metamaterials Market, by Product Type, $Million (2015 – 2022) 97
Table 8.8 Canada: Metamaterials Market, by Application, $Million (2015 – 2022) 98
Table 8.9 Mexico: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 99
Table 8.10 Mexico: Metamaterials Market, by Product Type, $Million (2015 – 2022) 99
Table 8.11 Mexico: Metamaterials Market, by Application, $Million (2015 – 2022) 100
Table 8.12 Europe: Metamaterials Market by Country, $Million (2015 – 2022) 103
Table 8.13 Germany’s Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 104
Table 8.14 Germany’s Metamaterials Market, by Product Type, $Million (2015 – 2022) 104
Table 8.15 Germany’s Metamaterials Market, by Application, $Million (2015 – 2022) 105
Table 8.16 France: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 106
Table 8.17 France: Metamaterials Market, by Product Type, $Million (2015 – 2022) 107
Table 8.18 France: Metamaterials Market, by Application, $Million (2015 – 2022) 108
Table 8.19 U.K.: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 109
Table 8.20 U.K.: Metamaterials Market, by Product Type, $Million (2015 – 2022) 109
Table 8.21 U.K.: Metamaterials Market, by Application, $Million (2015 – 2022) 110
Table 8.22 Italy: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 111
Table 8.23 Italy: Metamaterials Market, by Product Type, $Million (2015 – 2022) 111
Table 8.24 Italy: Metamaterials Market, by Application, $Million (2015 – 2022) 112
Table 8.25 Rest of Europe: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 113
Table 8.26 Rest of Europe: Metamaterials Market, by Product Type, $Million (2015 – 2022) 113
Table 8.27 Rest of Europe: Metamaterials Market, by Application, $Million (2015 – 2022) 114
Table 8.28 Asia-Pacific: Metamaterials Market by Country, $Million (2015 – 2022) 116
Table 8.29 China: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 117
Table 8.30 China: Metamaterials Market, by Product Type, $Million (2015 – 2022) 117
Table 8.31 China: Metamaterials Market, by Application, $Million (2015 – 2022) 118
Table 8.32 Japan: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 119
Table 8.33 Japan: Metamaterials Market, by Product Type, $Million (2015 – 2022) 119
Table 8.34 Japan: Metamaterials Market, by Application, $Million (2015 – 2022) 120
Table 8.35 India: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 121
Table 8.36 India: Metamaterials Market, by Product Type, $Million (2015 – 2022) 121
Table 8.37 India: Metamaterials Market, by Application, $Million (2015 – 2022) 122
Table 8.38 Rest of Asia-Pacific: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 123
Table 8.39 Rest of Asia-Pacific: Metamaterials Market, by Product Type, $Million (2015 – 2022) 123
Table 8.40 Rest of Asia-Pacific: Metamaterials Market, by Application, $Million (2015 – 2022) 124
Table 8.41 Middle East & Africa: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 126
Table 8.42 Middle East & Africa: Metamaterials Market, by Product Type, $Million (2015 – 2022) 126
Table 8.43 Middle East & Africa: Metamaterials Market, by Application, $Million (2015 – 2022) 127
Table 8.44 South America: Metamaterials Market, by Metamaterial Type, $Million (2015 – 2022) 129
Table 8.45 South America: Metamaterials Market, by Product Type, $Million (2015 – 2022) 129
Table 8.46 South America: Metamaterials Market, by Application, $Million (2015 – 2022) 130
List of Figures
Figure 1 Evolution of Metamaterials 17
Figure 2 Global Metamaterials Market Snapshot, $Million, 2015-2022 18
Figure 3 Metamaterials Market Share, by Metamaterials Type, by Value, 2015 and 2022 20
Figure 4 Metamaterials Market Share, by Product Type, by Value, 2015 and 2022 21
Figure 5 Metamaterials Market, by Application, by Value, 2016 and 2022 22
Figure 6 Metamaterials Market, by Region, by Value, 2016 and 2022 23
Figure 1.1 Global Metamaterials Market Scope 25
Figure 1.2 Report Design 26
Figure 1.3 Primary Interviews Breakdown, by Player, Designation, and Region 28
Figure 1.4 Sources of Secondary Research 29
Figure 1.5 Data Triangulation 30
Figure 1.6 Top Down & Bottom Up Approach 31
Figure 2.1 Global Metamaterials Market Dynamics 32
Figure 2.2 National Nanotechnology Initiative Funding for the FY2016 ($ Million) 37
Figure 3.1 Recent Market Development Strategy Snapshot Analysis 39
Figure 3.2 Snapshot of Organic & Inorganic Strategies adopted by Key Players 40
Figure 4.1 Global Metamaterials Supply Chain 48
Figure 4.2 Global Metamaterials Porter’s Five Forces Analysis 50
Figure 5.1 Metamaterial Type Segmentation 53
Figure 5.2 Global Metamaterials Market Attractiveness, by Metamaterial Type, 2016 and 2022, $Million 54
Figure 5.3 Electromagnetic Metamaterials Market Size, by Region, $Million, 2016 and 2022 57
Figure 5.4 Terahertz Metamaterials Market Size, by Region, $Million, 2016 and 2022 59
Figure 5.5 Photonic Metamaterials Market Size, By Region, 2016 and 2022, $Million 60
Figure 5.6 Other Metamaterials Market Size, By Region, 2016 and 2022, $Million 62
Figure 6.1 Global Metamaterials Market, by Product Type Segmentation 64
Figure 6.2 Metamaterials Market Size, by Product Type, 2016 and 2022, $Million 65
Figure 6.3 Metamaterials based Antenna Market Size, 2016 and 2022, $Million 66
Figure 6.4 Metamaterial based Superlens Market Size, By Region, 2016 and 2022, $Million 68
Figure 6.5 Metamaterial based Cloaking Devices Market Size, By Region, 2016 and 2022, $Million 70
Figure 6.6 Metamaterial based Absorbers Market Size, By Region, 2016 and 2022, $Million 72
Figure 7.1 Telecommunication Market Size in the Global Metamaterials Market Size, by Application, $Million (2015 and 2022) 74
Figure 7.2 Metamaterials based Telecommunication Market Size, by Region, 2016 and 2022, $Million 76
Figure 7.3 Metamaterial based Medical Instrumentation Market, by Region, by Value, 2015 and 2022 79
Figure 7.4 Metamaterials based Aerospace & Defence Application Market Size, by Region, 2016 and 2022, $Million 82
Figure 7.5 Metamaterials in Optics Application Market Size, by Region, 2016 and 2022, $ Million 84
Figure 7.6 Metamaterials in Sensing Application Market Size, by Value, 2016 and 2022, $Million 87
Figure 8.1 Geographic Segmentation 89
Figure 8.2 Global Metamaterials Market Size, by Region (2016 and 2022) 90
Figure 8.3 North America: Metamaterials Market, by Country, 2015 and 2022, $Million 92
Figure 8.4 European Metamaterials Market, by Country, $Million, 2015 and 2022 102
Figure 8.5 Asia-Pacific Metamaterials Market, by Country, $Million, 2015 and 2022 115
Figure 8.6 Middle East & Africa: Metamaterials Market Size, $Million, 2015 and 2022 125
Figure 8.7 South America: Metamaterials Market Size, $Million, 2015 and 2022 128
Figure 9.1 Overall Financials, 2013-2015 132
Figure 9.2 Segment Revenue Mix, 2015 132
Figure 9.3 Geographic Revenue Mix, 2013-2015 133
Figure 9.4 Overall Financials, 2013-2015 140
Figure 9.5 Segment Revenue Mix, 2013-2015 140
Figure 9.6 Geographic Revenue Mix, 2013-2015 141
Figure 9.7 Overall Financials, 2014-2016 146
Figure 9.8 Segment Revenue Mix, 2013-2015 146
Figure 9.9 Geography Revenue Mix, 2013-2015 147
Figure 9.10 Overall Financials, 2013-2015 156
Figure 9.11 Segment Revenue Mix, 2013-2015 156
Figure 9.12 Geography Revenue Mix, 2013-2015 157
The scientific technology of metamaterials has been constantly evolving significantly over the period of time. Metamaterials are artificially structured materials used to control and manipulate light, sound, and many other physical phenomena. They are generally a synthetic composite material with a structure whose properties are derived both from the inherent properties of their constituent materials, as well as from the geometrical arrangement of those materials.
The metamaterials market is estimated to reach $1.43 billion by 2022. Increasing usage of metamaterials in research and development, superior properties of metamaterials over conventional materials, and high demand from various end-use industries are some of the major factors which has contributed to the overall market growth. High production cost associated with metamaterials is one of the major factors hampering the growth of metamaterials. However, tremendous potential for growth end-use applications, huge investment by government and federal agencies, and growing demand from emerging economies such as China and Brazil is expected to create opportunities in the metamaterials market.
Figure 1
Global Metamaterials Market Snapshot

Secondary research, Annual Reports, SEC Filings, Investor Presentations, Articles, Expert Insights, and BIS Research Analysis
Electromagnetic based metamaterials dominated the global metamaterials market. Electromagnetic metamaterials dominated the global metamaterials market with a share of approximately 58.00% in the 2015. The metamaterials cater to the impending demand of a number of application verticals which is the major reason behind their biggest market share. This category is growing at a slow pace because of the shift in the trends of metamaterials usage towards applications with different frequency bands.
The widespread application of metamaterials in antennas accounted for a major share of the global metamaterials market in 2015. Metamaterial based antennas exhibit specific features which are not funded in the conventional materials since they control the direction of radiation, improve efficiency, and improve bandwidth performance of the antenna. Some of the important features of these composite structures are in antenna substrate, feed networks, phased array antennas, ground planes, and antenna radomes and struts invisibility.
Telecommunication segment dominated the global metamaterials market in 2015. This dominance is expected in the market due to the increase in use of metamaterials in telecommunication application as it provides high tuneable directivity, tunable operational efficiency, improved bandwidth and increased radiated power by radiating almost 95% of the input signal.
North America has the largest market share in the metamaterials market. The major part of the North America’s major share is contributed by the U.S. which accounts for almost 86% of the total revenue generated in 2015. This is because of the presence of highly advanced research institutes, academia, multinational industrial corporations and aerospace and defense manufacturers, which have been providing the necessary impetus to the North American metamaterials market.
Some of the key players in this industry are Applied Em, Jem Engineering, Kymeta Corporation, Metamagnetics, Metamaterial Technologies Inc., Teraview Limited, Fractal Antenna Systems Inc., KuangChi Science Limited, and Echodyne Inc. These companies are actively aiming for an increased number of agreements, partnerships, collaborations, & contracts and products to expand their operations thereby enhancing their share in the metamaterials market.
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East & Africa
South America
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The metamaterials market is expected to grow at a significant rate between 2016 and 2022 due to the increase in the end use industries using metamaterials. Their remarkable properties, heavy demand from varied end use application verticals and rapid technological development in this field are some of the factors driving the growth of metamaterials market. However, high production cost associated with metamaterials are restraining the growth of the global metamaterials market.
With the growing popularity of metamaterials in the market, BIS Research has published a report titled, “Metamaterials Market, Global Estimation & Forecast 2016-2022”, incorporating a comprehensive segmentation of the market into metamaterials type, product type, applications, and geography and detailed analysis of the factors that are likely to influence and shape the market.
The ongoing changes in the industry has led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global metamaterials market through the forecast period. The market numbers play an important role in the industry, following which a proper market sizing & estimation by type, by application, and by geographical location has been done for the industry.
The report has laid special emphasis on the dominant application verticals in the market for instance, the telecommunications which holds approximately 50% of the global metamaterials market. Moreover, having identified the potential for further development in the form of agreements, collaborations, contracts and partnerships among others, the report has included a separate section of detailed competitive insights. The recent activities by the key players in this market have also been tracked in the form of company profiles. Some of the key companies covered in the report are Applied Em, Jem Engineering, Kymeta Corporation, Metamagnetics, Metamaterial Technologies Inc., Teraview Limited, Fractal Antenna Systems Inc., KuangChi Science Limited, and Echodyne Inc.
In spite of the high rate of initial investment and risks perceived by the investors, the analysis by BIS Research has estimated the industry to grow over $1.43 billion by 2022 at a CAGR of 21.6% between 2016 and 2022, with North America region leading the market. Antennas are currently dominating the market and are used in varied applications. Electromagnetic based metamaterials currently has the largest share in the metamaterials market, followed by terahertz and photonic segments.
Applied Em, Jem Engineering, Kymeta Corporation, Metamagnetics, Metamaterial Technologies Inc., Teraview Limited, Fractal Antenna Systems Inc., KuangChi Science Limited, and Echodyne Inc.