Metamaterials Market (By Product: Electromagnetic, Terahertz, Tunable, Photonic, Frequency Selective Surface; By Application: Antenna and Radar, Sensors, Cloaking Devices, Super Lens, Light, Sound Filtering; By End Use: Healthcare, Telecommunication, Aerospace and Defense, Electronics, Automotive) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global metamaterials market size was evaluated at USD 0.9 billion in 2022 and is projected to attain around USD 14.5 billion by 2032, growing at a CAGR of 32.01% during the forecast period from 2023 to 2032.
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Metamaterials are a type of compound material structure, containing exceptional material parcels similar to aural, electrical, glamorous, and optic parcels. They include resonators manipulating electromagnetic swells or sound in ways not typically set up in nature. The physical parcel metamaterials parade is exceptionally similar as negative permittivity. The metamaterials permit masterminds to control the surge propagation by arranging the unit cells in colorful ways.
5G is a new-age technology allowing connecting the digital network in a flexible manner. 5G networks are anticipated to acclimatize to operations and will be acclimated to the requirements of end druggies. Metamaterial-based antennas or radars can perform exceptionally better than conventional systems in terms of effectiveness. As a result, metamaterial antennas will profit from the rapid acceptance of 5G. This will give tremendous openings to metamaterial requests in the coming future.
The request growth is attributed to adding relinquishment of metamaterials in the defense, aerospace, and military high-end operations is also anticipated to boost the request growth. Moreover, the growing demand for metamaterials from communication antenna manufacturers is another factor that will drive the growth of metamaterials during the forecast period.
In addition, extensive investments by private and public stakeholders are anticipated to drive the request growth. Metamaterials are also high in demand from the telecommunication and medical sector. They're extensively used in the production of metamaterial lenses, detectors, and antennas, owing to their rare parcels. Adding demand for grapheme-grounded metamaterials in the medical field is fueling the growth of the metamaterials request.
Report Coverage | Details |
Market Size in 2022 | USD 0.9 Billion |
Market Size by 2032 | USD 14.5 Billion |
Growth Rate from 2023 to 2032 | CAGR of 32.01% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Largest Market | North America |
Segments Covered | By Product, By Application, By End Use |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
Key Market Drivers
Key Market Challenges
Key Market Opportunities
The electromagnetic segment captured more than 30% revenue share in 2022 and is anticipated to hold the highest metamaterials market size during the forecast time period in terms of value. The growth can be attributed to the growing use of electromagnetic metamaterials for communications applications, including new forms of metamaterial-enabled personal communications radars and satellites.
The antenna & radar segment holds the highest share of around 43% in 2022. Rising demand for communication antennas for applications such as satellite communications, Wi-Fi routers, radar communications, and 5G communications is a key factor driving the growth of the metamaterials market.
The aerospace and defense segments captured more than 34% revenue share in 2022. The defense industry needs customized solutions for communication. In the defense industries, the most widely used metamaterial devices are antennas, shields, windshields, EMC shields, and cloaking devices. Antennas can be used for secure communications in the defense sector, as they can be tuned according to required frequencies. The growth of the metamaterials market for aerospace and vertical defense is driven by the growing demand for bandwidth and the need for secure communications.
North America holds the largest position in the global market with a revenue share of around 42.8% in 2022. The North American market is expected to hold the dominant position, followed by Europe, during the forecast period. This is due to an increase in research and development funding for the use of metamaterials in various applications.
For example, in 2017, the Defense Advanced Research Projects Agency (DARPA) in partnership with the U.S. Navy invested USD 8 million in grants to professors of science and technology Among all regions, in terms of revenue, the Asia-Pacific market is expected to grow with the fastest CAGR, due to increasing focus on developing new metamaterials for applications in the telecommunications and energy industries.
Segments Covered in the Report
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By Product
By Application
By End Use
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Metamaterials Market
5.1. COVID-19 Landscape: Metamaterials Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Metamaterials Market, By Product
8.1. Metamaterials Market, by Product, 2022-2032
8.1.1 Electromagnetic
8.1.1.1. Market Revenue and Forecast (2022-2032)
8.1.2. Terahertz
8.1.2.1. Market Revenue and Forecast (2022-2032)
8.1.3. Tunable
8.1.3.1. Market Revenue and Forecast (2022-2032)
8.1.4. Photonic
8.1.4.1. Market Revenue and Forecast (2022-2032)
8.1.5. Frequency Selective Surface (FSS)
8.1.5.1. Market Revenue and Forecast (2022-2032)
Chapter 9. Global Metamaterials Market, By Application
9.1. Metamaterials Market, by Application, 2022-2032
9.1.1. Antenna and Radar
9.1.1.1. Market Revenue and Forecast (2022-2032)
9.1.2. Sensors
9.1.2.1. Market Revenue and Forecast (2022-2032)
9.1.3. Cloaking Devices
9.1.3.1. Market Revenue and Forecast (2022-2032)
9.1.4. Super lens
9.1.4.1. Market Revenue and Forecast (2022-2032)
9.1.5. Light
9.1.5.1. Market Revenue and Forecast (2022-2032)
9.1.6. Sound Filtering
9.1.6.1. Market Revenue and Forecast (2022-2032)
Chapter 10. Global Metamaterials Market, By End Use
10.1. Metamaterials Market, by End Use, 2022-2032
10.1.1. Healthcare
10.1.1.1. Market Revenue and Forecast (2022-2032)
10.1.2. Telecommunication
10.1.2.1. Market Revenue and Forecast (2022-2032)
10.1.3. Aerospace and Defense
10.1.3.1. Market Revenue and Forecast (2022-2032)
10.1.4. Electronics
10.1.4.1. Market Revenue and Forecast (2022-2032)
10.1.5. Automotive
10.1.5.1. Market Revenue and Forecast (2022-2032)
Chapter 11. Global Metamaterials Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2022-2032)
11.1.2. Market Revenue and Forecast, by Application (2022-2032)
11.1.3. Market Revenue and Forecast, by End Use (2022-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2022-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2022-2032)
11.1.4.3. Market Revenue and Forecast, by End Use (2022-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2022-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2022-2032)
11.1.5.3. Market Revenue and Forecast, by End Use (2022-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2022-2032)
11.2.2. Market Revenue and Forecast, by Application (2022-2032)
11.2.3. Market Revenue and Forecast, by End Use (2022-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2022-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2022-2032)
11.2.4.3. Market Revenue and Forecast, by End Use (2022-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2022-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2022-2032)
11.2.5.3. Market Revenue and Forecast, by End Use (2022-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2022-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2022-2032)
11.2.6.3. Market Revenue and Forecast, by End Use (2022-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2022-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2022-2032)
11.2.7.3. Market Revenue and Forecast, by End Use (2022-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2022-2032)
11.3.2. Market Revenue and Forecast, by Application (2022-2032)
11.3.3. Market Revenue and Forecast, by End Use (2022-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2022-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2022-2032)
11.3.4.3. Market Revenue and Forecast, by End Use (2022-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2022-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2022-2032)
11.3.5.3. Market Revenue and Forecast, by End Use (2022-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2022-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2022-2032)
11.3.6.3. Market Revenue and Forecast, by End Use (2022-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2022-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2022-2032)
11.3.7.3. Market Revenue and Forecast, by End Use (2022-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2022-2032)
11.4.2. Market Revenue and Forecast, by Application (2022-2032)
11.4.3. Market Revenue and Forecast, by End Use (2022-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2022-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2022-2032)
11.4.4.3. Market Revenue and Forecast, by End Use (2022-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2022-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2022-2032)
11.4.5.3. Market Revenue and Forecast, by End Use (2022-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2022-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2022-2032)
11.4.6.3. Market Revenue and Forecast, by End Use (2022-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2022-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2022-2032)
11.4.7.3. Market Revenue and Forecast, by End Use (2022-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2022-2032)
11.5.2. Market Revenue and Forecast, by Application (2022-2032)
11.5.3. Market Revenue and Forecast, by End Use (2022-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2022-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2022-2032)
11.5.4.3. Market Revenue and Forecast, by End Use (2022-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2022-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2022-2032)
11.5.5.3. Market Revenue and Forecast, by End Use (2022-2032)
Chapter 12. Company Profiles
12.1. Acoustic Metamaterials Group Ltd
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Metamagnetics Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Echodyne, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Advanced Research Projects Agency
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Fractal Antenna Systems Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Kymeta Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. JEM Engineering
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Metaboards Limited
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. TeraView
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Nano-Meta Technologies, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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