Metamaterial Market is Projected to Grow Up and Forecast Report by 2022-2030

Market Size – USD 305.6 Million in 2021, Market Growth – at a CAGR of 36.7%, Market Trends - Rising usage of electromagnetic metamaterials in optical and microwave devices is driving market revenue growth


The global metamaterial market size is expected to reach USD 4,984.4 Million at a revenue CAGR of 36.7% in 2030, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by rising demand for manufacturing innovative metamaterials and their applications in absorbers, super lenses, and antennas rather than using traditional materials to enhance efficiency and overall productivity across application sectors. In addition, rising demand from the telecommunications sector is also driving revenue growth of the market. For instance, on 11 September 2019, California Institute of Technology, Georgia Institute of Technology, and ETH Zurich formed a collaboration to develop a new metamaterial that can change its shape.

The Global Metamaterial Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Metamaterial industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Metamaterial market along with crucial statistical data about the Metamaterial market. The research study provides historical data from 2018 to 2019 and offers accurate forecast estimation until 2022. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

Furthermore, widespread usage of metamaterials in consumer electronics and medical industries is expected to grow throughout the forecast period. Usage of metamaterials in electronic and medical product manufacturing has significantly contributed to market revenue growth owing to its capability to regulate electromagnetic waves. Moreover, research is being conducted to assist and broaden the scope of product, so that it may be utilized to meet higher demands, for expanded safety in defense and aerospace industries. This can be further attributed to rising demand for radars and antennas made of metamaterials as these radars help to detect obstructions and aid with operations, especially in poor visibility circumstances.

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The global Metamaterials market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Metamaterials industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Metamaterial Technologies, Inc., MetaShield LLC., Kymeta Corporation, MediWise Ltd., Phoebus Optoelectronics LLC, JEM Engineering, LLC, Multiwave Technologies AG, Echodyne, Inc., NKT Photonics AS and Fractal Antenna Systems Inc.

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Some Report Highlights:

  • On 30 March 2020, Digital Barriers released a real-time remote fever scanning solution. This fever scanner is made of metamaterials with fever scanning cameras for frontline workers with potential infection risks.
  • The terahertz segment is expected to register fastest revenue CAGR over the forecast Market growth is attributable to rising demand for terahertz submillimeter radiation applications in sectors such as spectroscopy, photovoltaic, medical, pharmacy, quality assurance, dentistry, communication, and astronomy. Additionally, increase in terahertz applications for cancer therapy and rising usage of terahertz spectroscopy in food inspection sectors for quality control are driving revenue growth of the segment. Apart from this, market players are investing in RD activities, as well as implementing terahertz imaging system technology in industries, such as aerospace and defense homeland security, which are some important factors driving revenue growth of this segment.
  • The antenna segment accounted for largest revenue share in 2021. There is an increase in demand for antennas owing to the trend toward nanotechnology of communications equipment, as well as developments in Wi-Fi and communication satellite technology worldwide. Additionally, as digitalization grows in second and third-world countries, usage of metamaterials is expected to increase owing to growing interest in multiband antennas, which is contributing to growth of this segment.
  • The Asia Pacific market is expected to register fastest revenue CAGR during the forecast period due to introduction of 5G technology, which has supported market expansion. In addition, the region has a larger population of mobile phone users than North America and Europe. With the rollout of 5G, investments in these countries are expected to surge, creating new growth prospects over the forecast period. On 28 October 2021, Menlo Systems opened a subsidiary in China, Shanghai Menlo Systems Quantum Laser Technology Co., Ltd. in partnership with Thorlabs. This, new office is expected to strengthen the supply chain, thereby having a direct interaction with customers, which is expected to drive revenue growth in the region.

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Metamaterials market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Metamaterials market and pinpoint the fundamental growth trends.  

Metamaterial Technologies, Inc., MetaShield LLC., Kymeta Corporation, MediWise Ltd., Phoebus Optoelectronics LLC, JEM Engineering, LLC, Multiwave Technologies AG, Echodyne, Inc., NKT Photonics AS and Fractal Antenna Systems Inc.

Segments Covered in this report are:

  • Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2019-2030)

    • Electromagnetic
    • Tunable
    • Photonic
    • Frequency Selective Surface
    • Terahertz
    • Others
  • Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2019-2030)

    • Absorber
    • Antenna
    • Cloaking Devices
    • Super Lens
    • MRI
    • X-ray
    • Others
  • End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2019-2030)

    • Medical
    • Automotive
    • Consumer Electronics
    • Aerospace and Defense
    • Energy and Power
    • Others

Research Report on the Metamaterials Market Addresses the Following Key Questions:

  • Who are the dominant players of the Metamaterials market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Metamaterials market?
  • What are the key growth drivers and restraining factors of the Metamaterials market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Metamaterials market and its key segments?

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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