According to the new market
research report on the "Metamaterial Market
by Material Type (Electromagnetic, Terahertz, Photonic, Tunable, and FSS ),
Application (Communication Antenna, Windscreen, Solar Panel, Sensing, Display,
and Medical Imaging), Vertical and Geography - Global Forecast to 2025",
this market is expected to be valued at USD 4,634.8 Million by 2025, at a CAGR
of 63.1% between 2017 and 2025. The major factors driving the growth of the
metamaterial market include variety in design functionalities, anti-glare
coating applications, and invisibility cloak for stealth aircraft.
Communication
antenna expected to have the largest market size by 2025
Communication antenna accounted
for the largest share of the metamaterial market based on application segment
in 2016. The growth of this market can be attributed to the usage of antenna
for major communication applications such as satellite communication, Wi-Fi
routers and radar communication.
The
metamaterial market for frequency selective surface to grow at the highest rate
during the forecast period
The metamaterial market for
frequency selective surface based on material segment is likely to grow at the
highest rate during the forecast period. This is mainly because of the major
interest from the defense vertical for this material type, which can be used to
create radar covers called radomes.
The
metamaterial market for the automotive vertical to grow at the highest rate
during the forecast period
The metamaterial market for
automotive vertical is expected to grow at the highest rate between 2017 and
2025. This high market growth rate can be attributed to the growing usage of
communication antenna applications in the connected cars concept.
Americas
likely to hold the largest share of the metamaterial market during the forecast
period
Americas is expected to hold the
largest share of the metamaterial market during the forecast period. The high
growth can be attributed to the increasing demand from the aerospace and
defense vertical. Government agencies, such as DOD (Department of Defense),
DARPA (Defense Advanced Research Projects Agency), and NASA (National
Aeronautics and Space Administration), are funding research universities and
industry players for the development of metamaterial-based antennas.
The report also profiles the most
promising players in this market. The competitive landscape of the market
presents an interesting picture where a large number of players have become a
force to reckon with. The key players in this market are Kymeta Corporation
(US), Metamaterial Technologies, Inc. (Canada), Phoebus Optoelectronics LLC (US),
Multiwave Technologies AG (Switzerland), MediWise Ltd. (UK), and MetaShield
LLC. (US).