San Francisco, 4 January 2019: The Report Metamaterial Market Analysis, By Product (Electromagnetic, Terahertz, Photonic, Tunable,
Frequency Selective Surface, Non-linear), By Application, End-use, And Segment
Forecasts, 2018 – 2025
The global metamaterials market is expected to reach USD 1.35 billion by 2025, according
to a new report by Grand View Research, Inc. The market is expected to witness
a CAGR of 17.8% over the forecast period, owing to Increasing demand from
various end-use industries, including consumer electronics and medical, is
driving the growth of the market. In addition, growing application scope in the
aerospace & defense industry is expected to further fuel the demand growth
during the forecast period.
Metamaterials are composite materials specially
engineered to have properties that are not found in nature and thus is used in
formulation processes across various end-use industries. The key end-use
industries, include aerospace & defense, medical, automotive, consumer
electronics, and energy & power.
In terms of revenue, the aerospace & defense
accounted for the largest share of the industry revenues in 2016 and is
anticipated to continue its dominance over the forecast period, projected to
grow at a CAGR of 15.2%. The increasing need for advanced telecommunications
and safety devices in the aerospace and automotive industries is expected to
drive the industry growth.
Different types of metamaterials are used
in the different application segments depending upon the requirement of the end
use verticals. Metamaterials are also being used in the medical and energy
& power industries, owing to its superior properties such as the ability to
manipulate electromagnetic waves and provide better imaging in medical
equipment.
The demand for metamaterials is expected to
be primarily driven by the growth of the end-use verticals in the Asia Pacific
region. The growth of the consumer electronics and aerospace & defense
industries in the region is likely to have positive impacts on the overall
industry growth during the forecast period.
Access Research Report
of Metamaterial Market@ www.grandviewresearch.com/industry-analysis/metamaterials-market
Further key findings from the report suggest:
· The consumer electronics segment is expected
to be the highest growing segment in terms of revenue, projected to grow at a
CAGR of 21% from 2017 to 2025, mainly on account of the product’s widening
application scope in electronics goods for performance enhancement, in place of
semi-conductors.
·
The aerospace & defense segment emerged
as the largest end-use segment in terms of revenue in 2016, and is estimated to
continue this dominance till 2025. This can be attributed to the rapid growth
of this end-use vertical in key economies such as the U.S., Germany, the UK,
China, India, and Russia.
· The antenna segment accounted for the
largest market share of the overall industry in 2016 and is anticipated to
experience steady growth over the forecast period, primarily owing to the
increasing demand for advanced antennas in aerospace, defense, and
telecommunications applications.
· The industry in Asia Pacific is projected
to witness grow at a CAGR of 22% during the forecast period, mainly owing to
robust growth of key end-use industries in the region, most notably the
consumer electronics industry.
· Key players of the industry, including
Metamaterial Technologies Inc., Echodyne, Kymeta Corporation, and Harris
Corporation. Ltd., are mainly focused on mergers & acquisitions and new
product developments for gaining access to higher market shares in the overall
industry.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global metamaterials market on the basis of product, application, end use, and
region:
Metamaterials Product Outlook (Revenue, USD
Million, 2014 - 2025)
·
Electromagnetic
·
Terahertz
·
Photonic
·
Tunable
·
Frequency Selective Surface
·
Non-linear
Metamaterials Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Antenna
·
Absorber
·
Superlens
·
Cloaking devices
·
Others
Metamaterials End-use Outlook (Revenue, USD
Million, 2014 - 2025)
·
Aerospace & defense
·
Medical
·
Automotive
·
Consumer electronics
·
Energy & power
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Metamaterial Market@ www.grandviewresearch.com/press-release/global-metamaterials-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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