Metamaterial medium can be defined as any macroscopic composite having a three-dimensional repetitive structure, engineered in such a way so as to produce an optimized combination with properties that are not usually found in nature. The unusual and exceptional properties of metamaterial medium includes its negative refractive index, and near to zero permittivity and permeability. Metamaterial medium is quoted as the material medium of the future as it holds good potential in the aerospace & defense, optics telecommunication and automotive sector. The major significance of metamaterial medium is due to the fact that they allow the manipulation of wave propagation in a way that renders novel properties in the material, just by modifying their architecture. For instance, cloaks that are capable of making a substance invisible are being developed by scientists.
The world metamaterial medium market is expected to reach $1,389 million by 2022 from a generated revenue of $149 million in 2015, registering a CAGR of 39.7% throughout 2016-2022. The major factors driving the metamaterial medium market are highly skilled researchers for product commercialization, the unique properties of metamaterials that are not usually found in nature and the capital investment in metamaterial medium R&D from the public as well as private sector. However, the lack of sufficient research inspite of huge investment is expected to hamper the growth of world metamaterial medium market.
In 2015, North America accounted for the largest share, more than half of the revenue share, followed by Asia-Pacific. Europe is expected to grow at the fastest rate, registering a CAGR of 45.7%, owing to the expanding end-user industries in emerging economies of Europe.
The world metamaterial medium market is segmented, based on end user, application, and geography. On the basis of end user, the market is segmented into automotive, telecommunication, aerospace & defense, optics, and medical instrumentation. According to the applications of metamaterial medium, the market segmentation includes antenna, beam steering system, frequency selective surfaces, and sensing. As of 2015, the antenna segment is the only one with commercialized product. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The key players in the metamaterial market have adopted several developmental strategies such as agreement, partnership, and product launch. The agreements and partnerships in the metamaterial medium market are focused majorly on the R&D of metamaterial medium.
The report consists profiles of the major market players including
Kymeta Corporation (U.S.)
Metamaterial Technologies Inc. (Canada)
Metamagnetics Inc. (U.S.)
Jem Engineering LLC (U.S.)
Fractal Antenna Systems, Inc. (U.S.)
Applied EM, Inc. (U.S.)
NanoSonic, Inc. (U.S.)
Alps Electric Co., Ltd. (Japan)
TeraView Limited (UK)
Plasmonics, Inc. (U.S.)
Key Benefits: FOR STAKEHOLDERS
The report provides an in-depth analysis of the metamaterial medium market across major regions as well as the total revenue generated during the forecast period.
Quantitative analysis of the current trends and future estimations from 2016 to 2022 is presented, which assists the manufacturers to analyze the market.
The report also offers quantitative as well as qualitative market trends to facilitate the stakeholders in understanding the situations prevailing in the market.
The projections are made by analyzing the current market trends and highlighting the market potential, in terms of value.
Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
KEY MARKET SEGMENTS:
By End User
Aerospace & Defense
Beam Steering System
Frequency Selective Surfaces
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS:
1.3. KEY MARKET SEGMENTS:
CHAPTER 2. EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets, By End-use Industry
3.2.2. Top Winning Strategy
3.3. MARKET DYNAMICS
188.8.131.52. Capital investment from public and private sources
184.108.40.206. Highly skilled researchers for product commercialization
220.127.116.11. Unique engineered properties not found in nature
18.104.22.168. Inefficient research despite huge investment
22.214.171.124. Tremendous potential for growth in various end-markets
3.4. PORTERS FIVE FORCES ANALYSIS
3.4.1. Low bargaining power of suppliers
3.4.2. Low bargaining power of buyers
3.4.3. Low threat of new entrants
3.4.4. Low threat of substitutes
3.4.5. Moderate degree of competition
CHAPTER 4. WORLD METAMATERIAL MEDIUM MARKET, BY END USER
4.1.1. Market Size & Forecast
4.2.1. Key market trends
126.96.36.199. The technology could solve the challenge of vehicle-based satellite communications
188.8.131.52. Satellite connectivity can best address the capacity, coverage, and security concerns of conventional solutions to car connectivity
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
184.108.40.206. There are over 20 million metamaterial antennas in the market
4.3.2. Key growth factors and opportunities
220.127.116.11. "For 4G devices, you need to be able to handle multiple frequencies. With conventional antennas, you cannot put two antennas together with coupling. Metamaterial antennas allow you to support four to six frequency bands."
18.104.22.168. The utilization of metamaterial-based antennas allows them to achieve the dramatically sleek, slim dimensions of the new LG Chocolate and unsurpassed radio-frequency capabilities.
4.3.3. Market size and forecast
4.4. AEROSPACE & DEFENSE
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
4.6. MEDICAL INSTRUMENTATION
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast
CHAPTER 5. WORLD METAMATERIAL MEDIUM MARKET, BY APPLICATION
5.1.1. Market Size & Forecast
5.2.1. Key growth factors and opportunities
5.2.2. Market size and forecast
5.3. BEAM STEERING SYSTEM
5.3.1. Key growth factors and opportunities
5.3.2. Market size and forecast
5.4. FREQUENCY SELECTIVE SURFACES
5.4.1. Key growth factors and opportunities
5.4.2. Market size and forecast
5.5.1. Key growth factors and opportunities
5.5.2. Market size and forecast
CHAPTER 6. WORLD METAMATERIALS MARKET, BY GEOGRAPHY
6.1.1. Market Size & Forecast
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
CHAPTER 7. COMPANY PROFILES
7.1. KYMETA CORPORATION
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Key Strategic Moves and Developments
7.2. METAMATERIALS TECHNOLOGIES, INC.
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Key Strategic Moves and Developments
7.3. METAMAGNETICS, INC.
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Key Strategic Moves and Developments
7.4. JEM ENGINEERING LLC
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.5. FRACTAL ANTENNA SYSTEMS, INC.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Key Strategic Moves and Developments
7.6. APPLIED EM, INC.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.7. NANOSONIC, INC.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.8. ALPS ELECTRIC CO., LTD.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. TERAVIEW LIMITED
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.10. PLASMONICS, INC.
7.10.1. Company Snapshot
7.10.2. Operating Business Segments
Metamaterial medium is defined as a macroscopic composite having a man-made, three dimensional, and periodic cellular architecture designed to produce an optimized combination, not available in nature, of two or more responses to a specific excitation. It possesses exceptional physical properties such as negative permeability and permittivity, and is often regarded as artificial medium with negative refractive index. The most efficient metamaterial medium possesses zero permeability and permittivity, and thus are best used to manufacture antennas to achieve high directivity. A metamaterial medium provides super-resolution in the far-field across image magnification, negative refraction of wavelengths, and enhanced spontaneous emission. Negative index metamaterial medium is an effective medium since it is made up of ordered macroscopic material, generally synthesized from the bottom up and yields emergent properties beyond its components as a single entity. The market for metamaterial medium has considerably increased in the recent past due to rise in demand for efficient sensing and transmitting systems across various end-use industries.
There is an increase in demand for metamaterial medium, especially in optics industry as an alternative of its conventional counterparts. Moreover, increase in capital investments from public and private sectors along with rise in demand for materials with unique physical properties drives the overall market. However, insufficient research in spite of huge investments in R&D of metamaterial medium and high initial costs required to manufacture the metamaterial medium restrain the growth of the market.
Telecommunication is the largest end user of metamaterial medium globally, due to its ability to modify the performance of the electromagnetic spectrum to elicit capabilities that were not previously possible in nature. The telecommunications market is expected to register a CAGR of 25.2% during 2016-2022.
Antenna is the largest application of metamaterial medium globally, due to its miniaturizing property for antenna modules and ability for tracking satellites across the globe without any repositioning of the physical antenna.
Key Findings of the Metamaterial Medium Market
Europe is anticipated to the fastest growing segment during the forecast period, registering a CAGR of 45.7% throughout 2016-2022.
As of 2015, only the antenna segment was the one with commercialized products.
Sensing is expected to be the fastest growing segment, during the forecast period, once the commercialization of products starts.
Telecommunication is expected to lead the market during the forecast period, accounting for half of the market share by 2022.
The antenna market is expected to grow at a CAGR of 17.7% during 2016-2022.
Optics segment is anticipated to grow at the fastest rate during the analysis period. In terms of market share, Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 43.3% during the forecast period. Asia-Pacific and Europe collectively accounted for more than two-fifths share of the global metamaterial medium market in 2014, and are expected to maintain this trend in the future. This is due to presence of key players and raw material suppliers in these regions as well as increase in government efforts towards the enhancement of sensing and telecommunication industry.
Major companies profiled in the report include Kymeta Corporation, Metamaterial medium Technologies Inc., Metamagnetics Inc., Jem Engineering LLC, Fractal Antenna Systems Inc., Applied EM Inc., Nanosonic Inc., Alps Electric Co. Ltd., Teraview Ltd., and Plasmonics Inc.
- Kymeta Corporation (US)
- Metamaterial Technologies Inc (Canada)
- Metamagnetics Inc (US)
- Jem Engineering LLC (US)
- Fractal Antenna Systems Inc (US)
- Applied EM Inc (US)
- NanoSonic Inc (US)
- Alps Electric Co Ltd (Japan)
- TeraView Limited (UK)
- Plasmonics Inc (US)
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.