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Metamaterial Market is expected to witness momentous gains during 2019 – 2025

Author : Rahul Varpe | Published Date : 2019-10-21 

Global Metamaterial Market Report offered by Global Market Insights, inc is an informative study covering the market with detailed analysis. The report will assist reader with better understanding and decision making.

The end-user areas of the market include aerospace & defense, healthcare, automotive, consumer electronics, energy & power and others such as optics. Metamaterial are gaining huge acceptance in communication antenna applications in the connected cars concept. Rise in wireless communication services owing to surging demand of antenna, that is an integral component of satellite communication equipment and smartphones, is expected to be one of the key factors for metamaterial market growth by 2025. In addition, increase in demand for clean energy sources such as wind solar, and tidal energy is also anticipated to drive the growth of metamaterial.

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Metamaterial market segmented by material type encompasses electromagnetic, terahertz, photonic, tunable, frequency selective surface and others. The others segment covers non-linear, chiral etc. Electromagnetic metamaterial is more attractive in the industry since these are structures whose electromagnetic properties are engineered to provide a range of response that is difficult to attain in naturally occurring composites.

They are specially engineered for applications in optical and microwave applications, including electromagnetic invisibility cloaks, microwave couplers. etc. On the other hand, terahertz are specially engineered to interact at terahertz frequencies of 0.1 to 10 THz, and they are mainly employed in remote sensing and in spectroscopy.

Metamaterial Market size is driven by increasing need for advanced materials in the medical and telecommunication sector, since these materials enhances an antenna’s radiating power and help in achieve high directivity and tunable frequency beyond diffraction limit at 0.38 μm. For instance, in 2018, Kymeta Corporation reported that its sales of Ku-band metamaterial antenna have increased significantly as compared to previous years.

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North America region will witness significant growth rate owing to growing demand for technologically advanced aerospace & defense, automobile production in the region. In addition, rising innovation in healthcare industry will supplement metamaterial market size in the coming years. The regional government has undertaken several initiatives to provide adequate funding to industry players to devise metamaterial-based antennas.

Prominent players in the global metamaterial market includes Kymeta Corporation, Phoebus Optoelectronics, Echodyne, Applied EM, MetaShield, MediWise, JEM Engineering, Metamaterial Technologies, Harris Corporation, Multiwave Technologies, Teraview, AEgis Technologies Group, Nanoscribe GmbH, Metaboards Newport Corporation etc. Players are continuously adopting acquisitions & mergers, partnerships as their key growth strategies.

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Read more news - https://www.marketwatch.com/press-release/carbon-fiber-market-2019---global-industry-trends-and-growth-forecast-to-2025-2019-10-21

https://www.marketwatch.com/press-release/anti-crease-agent-market-trends-global-industry-analysis-growth-and-forecast-2019-2025-2019-10-21

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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