Press Release

Global Metamaterial Market Registers 36% CAGR through 2026: Increasing Applications of Metamaterials in the Aerospace & Defense Sector to Promote Growth

The Global Metamaterial Market is expected to grow at a CAGR of around 36% in the forecast period, 2021-26, says MarkNtel Advisors in their research report. The market growth attributes primarily to the wide-range application of metamaterial in communication antennas, solar panels, medical imaging, display, sensing, windscreen, and many more.
The mounting utilization of antennas in communication is the most prominent factor driving the Metamaterial market. In addition to this, the rapid expansion of the consumer electronics and power sector is also contributing to the overall market growth. The surge in the deployment of 5G technology and the increasing number of power facilities shall further boost the Global Metamaterial Market.

Besides, the increasing research and development activities to improve the scope of metamaterials to be used in various other applications, coupled with escalating technological advancements in them, shall also fuel the market growth during 2021-26, further states the research report, “Global Metamaterial Market Analysis, 2021.”

Aerospace & Defense Sector to Witness Significantly Increasing Demand for Metamaterials through 2026

The burgeoning adoption of metamaterial-based devices like cloaking devices, antennas, EMC shielding, & windscreens in the aerospace & defense industry is augmenting the growth of the Global Metamaterial Market. In addition, the ability of metamaterials to manipulate electromagnetic waves is another crucial aspect driving the market across the aerospace & defense sector for secure communication purposes.

On the other hand, the market is expecting substantial growth in the Healthcare sector during the forecast period, owing to the mounting use of metamaterials in imaging devices to obtain better images that could help diagnose certain diseases.

North America Acquired the Largest Share of the Global Metamaterial Market

Of all regions globally, North America holds the largest share in the Metamaterial Market and is likely to continue the same trend over the forecast years. It attributes principally to the increasing demand across various end-user verticals like aerospace & defense, coupled with massive government investments in developing metamaterial-based antennas in the defense sector.

Furthermore, Asia-Pacific is expecting rapid market growth during 2021-26, owing to the increasing application of metamaterials in the swiftly expanding consumer electronics, medical, and aerospace & defense industries in the region, reveals MarkNtel Advisors in their research report, “Global Metamaterial Market Analysis, 2021.”

Key Competitors

The leading industry players in the Global Metamaterial Market are Echodyne Inc., Metamaterial Technologies, Inc., Keymeta Corporation, Metasheild LLC., Multiwave Technologies AG, Plasmonic Inc., Nanohmics Inc., Multiwave Metacrystal, Phononic Vibes, Metamagnetic Inc., Transsip, Inc., Radi-Cool, Jem Engineering, LLC, Phoebus Optoelectronics LLC, & Aegis Technologies.

Key questions answered in the study

1. What are the current and future trends in the Global Metamaterial Market?
2. How has the industry been evolving in terms of geography & product adoption?
3. How has the global competition been shaping up across the globe, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Metamaterial Market?
5. What are the customer orientation, purchase behavior, and expectations from the metamaterial manufacturers across the globe?

Market Segmentation:

1. By Material Type (Electromagnetic, Terahertz, Photonic, Tunable, Frequency Selective Surface, Others)
2. By Application (Antenna & Radars, Absorber & Sensors, Super lens, Cloaking Device, Display, Windshield, Others)
3. By End-User (Aerospace & Defense, Healthcare, Automotive, Consumer Electronics, Energy & Power, Others)
4. By Region (Asia-Pacific, Africa, Europe, Middle East, North America, South America)
5. By Country (China, Japan, India, GCC, Italy, Spain, Brazil, Canada, U.K., U.S, Mexico, Germany, France, South Korea, South Africa)
6. By Competitors (Echodyne Inc., Metamaterial Technologies, Inc., Keymeta Corporation, Metasheild LLC., Multiwave Technologies AG, Plasmonic Inc., Nanohmics Inc., Multiwave Metacrystal, Phononic Vibes, Metamagnetic Inc., Transsip, Inc., Radi-Cool, Jem Engineering, LLC, Phoebus Optoelectronics LLC, Aegis Technologies)