Reports
Global Metamaterial Market: By Product: Electomagnetic, Terahertz, Photonic, Tunable, Frequency Selective Surface, Non-Linear; By Application: Antenna, Absorber, Superlens, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Metamaterial Market Outlook
The global metamaterial market stood at a value of around USD 238.3 million in 2020. Aided by the growing advancement in 5G technology, the metamaterial industry is further expected to grow at a CAGR of 28% in the forecast period of 2023-2028 to attain a value of around USD 1728 million.
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Antenna Segment to Account for a Substantial Market Share of the Global Metamaterial Industry
Based on application, the antenna segment is predicted to occupy a substantial market share in the metamaterial industry. The growth is linked to the advancements in 5G technology all around the world, along with the advancement of communication satellites and Wi-Fi technology. The growing trend of miniaturisation of telecommunication equipment, coupled with the growing utilisation of metamaterials owing to the growing interest in multiband antennas, is aiding the market. Furthermore, with increased digitalisation in second and third world countries, the number of cell phone users is expected to grow, thus, leading to more investment in the sector.
The Asia Pacific to Provide Significant Growth Opportunities to the Metamaterial Industry
Geographically, North America accounts for a significant share in the industry owing to the large investment in the defence sector. Meanwhile, the Asia Pacific is expected to be the fastest growing market in the metamaterial industry due to a rise in the defence budget of Asian countries, specifically India and China. The emergence of 5G technology has also favoured the market growth in the Asia Pacific region. In addition, the Asia Pacific region has more cell phone users than both North America and Europe, and with the rollout of 5G, the investment made in this region will increase exponentially, leading to new growth prospects during the forecast period.
Metamaterial: Market Segmentation
Metamaterials are artificial materials designed to possess characteristics not found in naturally occurring materials. These characteristics are unique and rare because they are not derived from its components but obtained from the structure of constituent materials that are infused into them. Intelligent characteristics deriving from its exact shape, orientation, and geometry helps it manipulate electromagnetic waves. Thus, they serve efficient application in photovoltaic cells, sensors, and communication systems.
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By product, the market is divided into:
- Electromagnetic
- Terahertz
- Photonic
- Tunable
- Frequency Selective Surface
- Non-Linear
Based on application, the industry can be segmented into:
- Antenna
- Absorber
- Superlens
- Cloaking Device
- Others
On the basis of end use, the industry can be categorised into:
- Aerospace and Defence
- Medical
- Automotive
- Consumer Electronics
- Energy and Power
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Investments in the Aerospace and Defence Sector to Bolster the Global Metamaterial Industry
The metamaterial industry growth is being driven by the thriving aerospace and defence industry. It is estimated that the aerospace and defence sector will account for a significant share of the metamaterial industry in the forecast period. The metamaterial devices such as antenna are utilised in the aerospace and defence sector for soldiers to track enemy drones and vehicles and ensure secure communication tuning into different frequency. Along with this, the increasing defence budget of countries like the US, China, Russia, and India is expected to ensure a positive impact on the growth of the industry. However, the process of synthesisation is a very long and tedious process, and the cost is high because of the number of fabrication methods that vary according to the application and design.
Key Industry Players in the Global Metamaterial Market
The report gives a detailed analysis of the following key players in the global metamaterial market , covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Metamaterial Technologies Inc.
- Metaboards
- Nahsai, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, End Use, Region |
| Breakup by Product | Electomagnetic, Terahertz, Photonic, Tunable, Frequency Selective Surface, Non-Linear |
| Breakup by Application | Antenna, Absorber, Superlens, Cloaking Device, Others |
| Breakup by End Use | Aerospace and Defence, Medical, Automotive, Consumer Electronics, Energy and Power |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Metamaterial Technologies Inc., Metaboards, Nahsai, Inc.,, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Metamaterial Market Analysis
8.1 Key Industry Highlights
8.2 Global Metamaterial Historical Market (2018-2022)
8.3 Global Metamaterial Market Forecast (2023-2028)
8.4 Global Metamaterial Market by Product
8.4.1 Electomagnetic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Terahertz
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Photonic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Tunable
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Frequency Selective Surface
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Non-Linear
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.1 Global Metamaterial Market by Application
8.1.1 Antenna
8.1.1.1 Market Share
8.1.1.2 Historical Trend (2018-2022)
8.1.1.3 Forecast Trend (2023-2028)
8.1.2 Absorber
8.1.2.1 Market Share
8.1.2.2 Historical Trend (2018-2022)
8.1.2.3 Forecast Trend (2023-2028)
8.1.3 Superlens
8.1.3.1 Market Share
8.1.3.2 Historical Trend (2018-2022)
8.1.3.3 Forecast Trend (2023-2028)
8.1.4 Cloaking Device
8.1.4.1 Market Share
8.1.4.2 Historical Trend (2018-2022)
8.1.4.3 Forecast Trend (2023-2028)
8.1.5 Others
8.2 Global Metamaterial Market by End Use
8.2.1 Aerospace and Defence
8.2.1.1 Market Share
8.2.1.2 Historical Trend (2018-2022)
8.2.1.3 Forecast Trend (2023-2028)
8.2.2 Medical
8.2.2.1 Market Share
8.2.2.2 Historical Trend (2018-2022)
8.2.2.3 Forecast Trend (2023-2028)
8.2.3 Automotive
8.2.3.1 Market Share
8.2.3.2 Historical Trend (2018-2022)
8.2.3.3 Forecast Trend (2023-2028)
8.2.4 Consumer Electronics
8.2.4.1 Market Share
8.2.4.2 Historical Trend (2018-2022)
8.2.4.3 Forecast Trend (2023-2028)
8.2.5 Energy and Power
8.2.5.1 Market Share
8.2.5.2 Historical Trend (2018-2022)
8.2.5.3 Forecast Trend (2023-2028)
8.3 Global Metamaterial Market by Region
8.3.1 North America
8.3.1.1 Market Share
8.3.1.2 Historical Trend (2018-2022)
8.3.1.3 Forecast Trend (2023-2028)
8.3.2 Europe
8.3.2.1 Market Share
8.3.2.2 Historical Trend (2018-2022)
8.3.2.3 Forecast Trend (2023-2028)
8.3.3 Asia Pacific
8.3.3.1 Market Share
8.3.3.2 Historical Trend (2018-2022)
8.3.3.3 Forecast Trend (2023-2028)
8.3.4 Latin America
8.3.4.1 Market Share
8.3.4.2 Historical Trend (2018-2022)
8.3.4.3 Forecast Trend (2023-2028)
8.3.5 Middle East and Africa
8.3.5.1 Market Share
8.3.5.2 Historical Trend (2018-2022)
8.3.5.3 Forecast Trend (2023-2028)
9 North America Metamaterial Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Metamaterial Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Metamaterial Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Metamaterial Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Metamaterial Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Metamaterial Technologies Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Metaboards
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Nahsai, Inc.,
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Metamaterial Market: Key Industry Highlights, 2018 and 2028
2. Global Metamaterial Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Metamaterial Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Metamaterial Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Metamaterial Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Metamaterial Historical Market: Breakup by End-Use (USD Million), 2018-2022
7. Global Metamaterial Market Forecast: Breakup by End-Use (USD Million), 2023-2028
8. Global Metamaterial Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Metamaterial Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Metamaterial Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Metamaterial Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Metamaterial Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Metamaterial Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Metamaterial Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Metamaterial Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Metamaterial Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Metamaterial Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Metamaterial Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Metamaterial Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Metamaterial Market Structure
Key Questions Answered in the Report
In 2020, the global metamaterial market attained a value of nearly USD 238.3 million.
The market is projected to grow at a CAGR of 28% between 2023 and 2028.
The industry is being driven by the increasing defence budget of countries, increasing investment, growing trend of miniaturisation of telecommunication equipment, growing utilisation of metamaterials owing to the growing interest in multiband antennas, and increased digitalisation in second and third world countries.
The key trends augmenting the market growth are growing advancement in 5G technology and the thriving aerospace and defence industry.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific.
By product, the market is divided into electromagnetic, terahertz, photonic, tunable, frequency selective surface, and non-linear.
The antenna segment is the dominant application in the industry.
The end-uses are aerospace and defence, medical, automotive, consumer electronics, energy and power.
The major players in the industry are Metamaterial Technologies Inc., Metaboards, and Nahsai, Inc., among others.
Analyst Review
The global metamaterial market attained a value of USD 238.3 million in 2020, driven by the thriving aerospace and defence industry. Aided by the growing miniaturisation of telecommunication equipment and rising number of mobile devices, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 28%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product, the global metamaterial industry can be segmented into electomagnetic, terahertz, photonic, tunable, frequency selective surface, and non-linear. By application, antenna, absorber, superlens, and cloaking device, among others are the various segments, with antenna accounting for the largest market share. On the basis of end-use, aerospace and defence, medical, automotive, consumer electronics, energy and power are the major categories. The major regional markets for the metamaterial are North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific. The key players in the above market include Metamaterial Technologies Inc., Metaboards, and Nahsai, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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