Global Metamaterial Market Research Report: Forecast (2021-2026)

Metamaterials refer to the specially engineered composites that exhibit unique electromagnetic properties, which are generally not found in naturally occurring materials. They do not derive their properties from the base materials but their newly designed structures and affect the flow of electromagnetic radiation or any other kind of wave.
As per the The publisher ' research report, “Global Metamaterial Market Analysis, 2021”, the market is expected to grow at a CAGR of around 36% during 2021-26. The market growth is attributed to mounting R&D activities for various applications in different end-user industries such as aerospace & defense, consumer electronics, and telecommunication.
Further, the surge in the development of tunable and re-configurable artificial electromagnetic material aids the growth of the global metamaterial market. Furthermore, high metamaterial antennas usage in radars & smartphones could grow the metamaterial market globally.

Impact of COVID-19

The Covid-19 outbreak crisis and lockdown imposition by the government resulted in the closure of the majority of the economic activities. Presently, various end-users, including the aerospace and defense, telecommunication, and electronics industries, have a significant demand for metamaterials for different applications.
The Covid-19 pandemic halted the production process and disrupted the supply chain that further affected the overall demand & supply of the market. Furthermore, the shortage of laborers & raw materials also adversely affected the metamaterial market across the world.

Market Segmentation

Electromagnetic Materials Accounted for the Largest Market Share
Based on the material type, Electromagnetic materials secured the largest share in the Global Metamaterial Market in 2019. Electromagnetic material is specially structured for microwave and optical applications. It is extensively used in telecommunication applications while also in antenna, microwave coupler, band-pass filter, and lens manufacturing.
Therefore, the surge in usage of this electromagnetic material in various applications is likely to back the overall industry growth in the upcoming timeline, says The publisher in their research report, “Global Metamaterial Market Analysis, 2021.”
Antenna & Radar Segment Holds the Highest Market Share
Based on the Application, the Antenna & Radar segment dominated the Global Metamaterial Market in 2019 due to the burgeoning demand for antennas and radars in various applications, such as satellite communication, 5G communication, Wi-Fi routers, and radar communications. The use of antennas and radars has increased their productivity. Hence, the segment contributes to the overall metamaterial market growth.

Regional Landscape

North America Dominated the Metamaterial Market
Globally, North America has accounted for the majority of share in the Global Metamaterial Market in 2019 and is likely to maintain its dominance over the projection period. It is due to the rising demand for metamaterial in various end-user industries.
High demand from the aerospace and defense vertical is the key factor behind its growth. Further, there is a surge in government investments in laboratories, research institutes, and companies to improvise the R&D activities for developing metamaterial-based antennas and enhancing technologies, thereby propelling the market growth in the region.

Market Driver

Extensive end-user application fuels the growth of metamaterial market
Metamaterial exhibits unique properties derived from the structure of the constituent material. These authentic properties make metamaterials inherently valuable and operational for various applications, such as solar panels, medical imaging devices, windscreen, etc.
Metamaterials are used in the aerospace & defense industries to manufacture lightweight components; which various military communication applications can use. They also aid in manufacturing drones, antennas, and sensors, thereby augmenting the metamaterial market growth.

Competitive Landscape

According to The publisher , the major leading players in the global Metamaterial market are Keymeta Corporation, Echodyne Inc., Metasheild LLC., Plasmonic Inc., Multiwave Technologies AG, Nanohmics Inc., Phoebus Optoelectronics LLC, Metamagnetic Inc., Multiwave Metacrystal, Metamaterial Technologies, Inc., Phononic Vibes, Transsip, Inc, Radi-Cool, Jem Engineering, LLC, Aegis Technologies.

Key Questions Answered in the Market Research Report:

1. What are the primary overall market statistics/estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Metamaterial Market?
2. What are the industry size, growth drivers, and challenges (region-wise)?
3. What are the key innovations, opportunities, present & future trends, and regulations in the Global Metamaterial Market?
4. Who are the primary competitors, their key strengths & weakness, and how they perform in Global Metamaterial Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Metamaterial Market study?