The
global metamaterials technologies market was valued at US$ 322.6 Mn
in 2013 and is projected to reach US$ 1,268.4 Mn by 2020, expanding
at a CAGR of 21.6% between 2014 and 2020.
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Metamaterials Technologies Market Report with Full TOC at
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Rise
in global mobile wireless communication services and increase in
preference for higher efficient solar photovoltaic (PV) cells is
anticipated to augment demand for metamaterials during the next six
years. Furthermore, venture capital firms are providing funds to
potential metamaterial manufacturers, especially in North America.
This is estimated to boost the market for metamaterials technologies.
Metamaterials are periodic materials that derive properties from
their structure rather than components. Metamaterials make possible
the manipulation of fields and waves at a subwavelength scale.
However, technical challenges in high volume fabrication of
metamaterials and lack of commercial awareness among consumers is
projected to hamper market growth.
In
terms of products, metamaterial technologies can be segmented into
radio & microwave metamaterials, photonic metamaterials,
terahertz metamaterials, acoustic metamaterials and others (including
infrared metamaterials and ultraviolet metamaterials). In terms of
revenue, radio & microwave frequency electromagnetic
metamaterials segment accounted for approximately 50% share of the
global metamaterials technologies market in 2013.
Application
segments include communication & radar, imaging (medical &
industrial), solar, acoustic devices and others. In terms of revenue,
communication & radar is estimated to be the largest and fastest
growing segment of the global metamaterials technologies market in
the next few years. Communication & radar applications
constituted more than 60% share of the global metamaterials
technologies market in 2013. Imaging (medical & industrial) was
the second-largest segment of the global metamaterials technologies
market in 2013. The others segment includes microwave cloaking
devices and seismic protection.
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North
America is anticipated to be the fastest growing market and highest
revenue generating region during the forecast period. The
metamaterials technologies market in North America is expected to
expand at a rapid rate, due to substantial investments by venture
capital firms in startup metamaterial companies and government grants
provided to research projects for defense applications. In terms of
revenue, the region accounted for over 55% of the metamaterials
technologies market in 2013. Asia Pacific and Europe are also likely
to experience high growth rate, due to active collaboration between
universities and metamaterial companies to develop products for
civilian applications.
The
metamaterial technologies market is highly fragmented in nature; it
is dominated by startup metamaterial companies based in North
America. Key players operating in the metamaterials technologies
market include Kymeta Corporation, Metamaterial Technologies Inc
(MTI), Metamagnetics Inc, Echodyne Corporation, Evolv Technology,
Medical Wireless Sensing Ltd (MediWise), Applied EM Inc, Alight
Technologies ApS and Fractal Antenna Systems, Inc. (FRACTAL).
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Press Release Metamaterials Technologies Market
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The
report segments the global metamaterial technologies market as:
Metamaterials
Technologies Market – Product Segment Analysis
- Radio & microwave metamaterials
- Photonic metamaterials
- Terahertz metamaterials
- Acoustic metamaterials
- Others (Including infrared metamaterials, ultraviolet metamaterials, etc.)
Metamaterials
Technologies Market & Application Analysis,
- Communication & radar
- Imaging (medical & industrial)
- Solar
- Acoustic devices
- Others (Including cloaking devices, seismic protection, etc.)
Metamaterials
Technologies Market - Regional Analysis,
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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