Metamaterial Medium Market

Metamaterial Medium Market Overview:

Metamaterial Medium Market is expected to garner $1,387 million by 2022, registering a CAGR of 39.7% during the forecast period 2016-2022. Metamaterial mediums are defined as macroscopic composites possessing a man-made, three-dimensional, periodic cellular architecture designed to produce an optimized combination, not available in nature, of two or more responses to a specific excitation. They show exceptional physical properties such as negative permeability and permittivity. The significance of metamaterials is that they allow engineers to manipulate wave propagation by arranging the unit cells in different ways. For example, though copper is a good conductor and appears bronze in color, a metamaterial designed out of copper can be engineered to be an insulator and reflect yellow.

Major factors that drive the market growth are capital investment from public and private sources and highly skilled researchers for product commercialization. In addition, the unique engineered properties of metamaterial mediums are not found in nature, making them inherently valuable. However, inefficient research despite huge investment is expected to restrain the market growth.

Global Metamaterial Medium Market Segmentation

Among all regions, Asia-Pacific generated the highest revenue, whereas Europe is projected to grow at a significant CAGR of 45.7%, due to several emerging economies with expanding end-user industries such as automotive, construction, and consumer products.

MARKET DEFINITION AND SCOPE:

The report analyzes the global metamaterial medium market based on end user, application, and geography. Based on end user, it is segmented into automotive, telecommunication, aerospace & defense, optics, medical instrumentation. Based on application, it is divided into antenna, beam steering system, frequency selective surfaces, and sensing. Geographically, it is studied across North America, Europe, Asia-Pacific, and LAMEA. The report includes market size of these aforementioned metamaterial medium segments; however, it excludes information on the materials that are arranged to reflect metamaterial medium.

TOP INVESTMENT POCKETS

The telecommunication industry segment dominated the global market in 2015, accounting for a market share of 100%, and is expected to maintain this trend in the coming years due to increase in use of negative index metamaterial medium to manufacture optical fibers and antennas. Moreover, increase in use of electrically small antennas in applications such as telephone network, television network, and satellites boosts the rapid use of metamaterial medium in the telecommunication industry in various regions. Moreover, the optics segment is projected to exhibit the highest growth rate during the forecast period. The adoption of metamaterial medium in sensing devices such as antennas and absorbers is driven by ease of availability of various plastics and polymers used in the manufacturing process of negative index metamaterial medium.

Top Investment Pockets, By End-use industry

TOP WINNING STRATEGIES:

The key players operating in the global metamaterial medium market have adopted different key business strategies such as agreements, product launches, expansions, collaborations, partnership, and patents to sustain the stiff competition in the global market. The market players profiled in this report are metamaterial effect researchers that operate globally and distribute their products to several end-user industries. The data pertaining to market players and their strategic moves are obtained through annual reports and press releases of respective companies, blogs, websites, and primary calls made to the experts in the industry.

METAMATERIAL MEDIUM MARKET: TOP WINNING STRATEGIES

Key Benefits for Metamaterial Medium Market:

• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current trends and future scenario of the market from 2016 to 2022 to understand the prevailing opportunities and potential investment pockets.
• Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
• The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
• The profiles of key players along with their key strategic developments are enlisted in the report.

Major players in the metamaterial medium segment have adopted agreement, partnership, and product launch as their key development strategies. Important players operating in the market include 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), and Plasmonics, Inc. (U.S.).

Other key players which are not profiled but are active in the value chain include, Alight Technologies ApS, Sandvik Materials Technology AB, Evolv Technology, Nanosteel Company Inc, Medical Wireless Sensing Ltd., Fianium Ltd, Echodyne Corporation, Opalux Inc, Luminus Devices Inc, Colossal Storage Corporation, Inframat Corporation, Newport Corp., NKT Photonics, NEC, Omniguide, Opalux, Panasonic, Photeon Technologies, Photonic Lattice Inc., Raytheon, Samsung, Sandvik Materials Technology, and Sumitomo.

 Metamaterial Medium Market Report Highlights