According to a new market report published by Lucintel, the future of the metamaterial market looks promising with opportunities in the aerospace & defense, consumer electronics, energy & power, medical, and automotive industries. The global metamaterial market is expected to grow with a CAGR of 63% from 2021 to 2026. The major drivers for this market are increasing demand for modeling & simulation of metamaterial-based devices for industrial applications, increasing focus on developing efficient solar power solutions and technological advancement.
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In this market, different applications of metamaterial are antenna and radar, sensors, cloaking devices, superlens, light & sound filtering, and others
Within the metamaterial market, aerospace & defense will remain the largest end use industry during the forecast period due to the growing usage of communication antenna applications and rising funds from DOD, DARPA, and NASA for satellite communication and radar applications and increasing usage of invisibility cloak.
Asia Pacific will be the fastest growing region during the forecast period due to increasing development of new materials to revolutionize telecommunication and power industry.
Kymeta Corporation, Metamaterial Technologies, Inc., Phoebus Optoelectronics LLC, Multiwave Technologies AG, MediWise Ltd., MetaShield LLC., JEM Engineering, LLC, Echodyne, Inc. are among the major metamaterial manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global metamaterial market by material, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Metamaterial Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global metamaterial market by material, application, end use industry, and region as follows:
By Material [$M shipment analysis for 2015 – 2026]:
Electromagnetic Metamaterial
Terahertz Metamaterial
Photonic Metamaterial
Tunable Metamaterial
Frequency Selective Surface (FSS) Metamaterial
By Application [$M shipment analysis for 2015 – 2026]:
Antenna and Radar
Sensors
Cloaking Devices
Superlens
Light and Sound Filtering
Others
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Aerospace and Defense
Automotive
Consumer Electronics
Energy and Power
Medical
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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