Metamaterial Medium Market - Forecast(2021 - 2026)

Report Code: CMR 23127 Report Format: PDF + Excel (Delivery in 48 Hrs)
Metamaterial Medium Market size is forecast to reach $1.5 billion by 2025, after growing at a CAGR of 24.8% during 2020-2025. Metamaterials are dielectric composites of metal, engineered on microscale or nanoscale to have unique electromagnetic properties that are not available in nature.  Due to their excellent electromagnetic properties, they find applications in various end use industries like automotive, aerospace, defense, and electronics. Increasing demand for high-quality products with good durability and electrical properties are driving the growth of the metamaterial medium market globally. Moreover, government regulations for safety have also increased the demand of metamaterial medium in the automotive sector which augmented their market growth.

Report Coverage
The report: “Metamaterial Medium Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Metamaterial Medium Industry.

By Type: Electromagnetic Metamaterial (Double Negative Metamaterial, Single Negative Metamaterial, Electromagnetic Bandgap Metamaterial, Double Positive Medium, Bi isotropic and Bi anisotropic Metamaterial, Chiral Metamaterial) Terahertz Metamaterial, Photonic Metamaterial, Tunable Metamaterial, FSS based Metamaterial, Non-Linear Metamaterial, Metamaterial Absorber
By Application: Antenna, Sensors, Solar Cells, Cloaking Devices, Display, Medical Imaging, and Others
By End Use: Aerospace and Defense, Automotive, Telecommunication, Optics, Medical and Others
By Geography: North America, South America, Europe, APAC and RoW

Key Takeaways
  • China followed by Japan has shown significant growth in the metamaterial medium market owing to increasing demand from applications such as automotive, defense, and aerospace industries.
  • Properties such as electrical permittivity, magnetic permeability, and refractive index are the major factors driving the growth of the metamaterial medium market.
  • Increasing awareness for safety and security among people has also accelerated the growth of metamaterial medium market.

Type- Segment Analysis
Electromagnetic metamaterial segment dominated the metamaterial medium market with a share of more than 25% in 2019. These metamaterials have zero or negative permeability and negative refractive index. These types of metamaterials affect the electromagnetic waves and allow manipulating the wave propagation by modifying the unit cells. Electromagnetic metamaterials find wide applications in antennas, beam steerers, modulators, and bandpass filters, subsequently augmenting the metamaterial medium market during the forecast period.

Application - Segment Analysis
Antenna segment holds the largest share of more than 40% of the metamaterial medium market in 2019. Metamaterial enhances the radiated power of an antenna and increases its efficiency. Metamaterial with negative permeability allows for properties such as high directivity and tunable operational frequency which in turn escalates its use in antennas. Zero refractive index materials are mostly used for making high directivity antennas. Furthermore, metamaterials-based antennas have improved efficiency-bandwidth performance compared to a conventional patch antenna.

End Use- Segment Analysis
On the basis of end use, the telecommunication segment holds the largest share of more than 30% in the metamaterial medium market in 2019. Increasing usage of antennas in applications such as satellites, telephone, and television networks have boosted the growth of metamaterial medium market. Aerospace & defense followed by optics segment has also shown significant growth in the metamaterial medium market. The use of metamaterials in sensors and imaging devices such as radars has also augmented their market growth.

Coronavirus has badly affected the growth of the metamaterial medium market. Manufacturing units are shuttered all around the world, supply chains have been disrupted and people stuck in their houses due to lockdown. Coronavirus has resulted in a decrease in purchasing capital which in turn impacted the sales of automotive and electronic equipment. According to the Cellular & Electronic Association of India, the lockdown would lead to a lack of $1309.2 Mn to $1963.8 Mn in 2020. Thus decreases in sales of electronic products have hampered the growth of the metamaterial medium market. Also according to the Society of India Automobile Manufacturers (SIAM), passenger vehicle sales declined by 51% to 143,014 units in March 2020 whereas the sales of commercial vehicles crashed 88% to 13,027 units, subsequently impacting the growth of the metamaterial medium market.

Geography- Segment Analysis
APAC region is projected to grow at the highest CAGR of 28% during the forecast period, followed by North America and Europe. Rapid industrialization coupled with an increase in aeronautical activities has driven the growth of the metamaterial medium market. Furthermore, the rise in disposable income and a higher standard of living has accelerated the use of wireless equipment which in turn increased the demand of metamaterials for antennas and receivers. Metamaterial medium has shown significant growth in developing nations like China, Japan and India due to neck-breaking expansion and strengthening of the defense sector. Moreover, rise in the use of solar energy to meet the power requirements of the exponentially growing population has also driven the metamaterial medium market in developing nations.

Drivers –Metamaterial Medium Market

  • Growing demand from end use industries
Increase in demand from various end use industries due to their ability to manipulate electromagnetic waves is driving the growth of the metamaterial medium market. Metamaterials are used in applications like vibration damping, anti-sonar, wireless power transfer, and seismic protection. The use of metamaterials in the medical sector for ultrasonic sensors and imaging devices has also contributed to the growth of the market.

  • Rising popularity of power generation by solar energy
With the increase in environmental concern and lack of non-renewables resources, power generation by solar energy is increasing. Metamaterials are sandwiched between glass and silicon layers in order to reduce optical losses due to reflection and increase the efficiency of silicon solar cells. According to the International Energy Agency (IEA), solar PV generation increased by 31% and represented the largest absolute generation growth (+136 TWh) of all renewable technologies in 2018. Thus, increase in the use of solar energy has also augmented the growth of the metamaterial medium market.

Challenges –Metamaterial Medium Market

  • High Manufacturing Cost & inability over broad bandwidths
Metamaterials are heterogeneous structures consisting of solid base materials and elements of different materials, engineered on the microscopic level. Although metamaterials exhibit excellent electromagnetic properties, they require a lot of energy for their production, which further increases their cost. Due to their high cost, they are only used in high-quality products such as antennas, radars, and defense equipment’s for better efficiency. Moreover, their inability to function over broad bandwidths of light acts as a restraining factor for the growth of the metamaterial medium market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the metamaterial medium market. In 2019, the market of metamaterial medium has been consolidated by the top five players accounting for xx% of the share. Major players in the metamaterial medium market are Kymeta Corporation, Metamaterial Technologies Inc., Metamagnetics Inc., Jem Engineering LLC, Fractal Antenna Systems Inc., Applied EM Inc., Nanosonic Inc., Alps Electric Co. Ltd., Teraview Ltd., and Plasmonics Inc., among others.

Acquisitions/Technology Launches
  • In March 2020, Metamaterial Technologies Inc. has partnered with Crossover Solutions to enter into automotive industry in order to increase demand of its touch sensors, holographic technology, transparent antennas, and lidar range enhancement applications.
  • In January 2019, Dalhousie University, Metamaterial Technologies Inc. (MTI) and Mitacs have partnered to explore a new area of light manipulation to enhance absorption of ultra-thin solar cells and develop optical filters based on metamaterials.
  • In July 2018, Metamaterial Technologies Inc. (MTI), has acquired Medical Wireless Sensing Ltd. (Mediwise). The acquisition has strengthened the company’s advanced material business and increased its market potential.
  • In October 2017, Metamaterial Technologies has announced the development of next-generation solar technology “metaSOLAR” for vehicles in land, air, and sea.
  • In February 2017, Metamaterial Technologies Inc. has partnered with Airbus to develop and commercialize metaAIR, which is a metamaterial optical filter, used for protection against harmful laser beams aimed at aircraft.

1. Metamaterial Medium Market - Market Overview
    1.1 Definitions and Scope
2. Metamaterial Medium Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by End Use
    2.5 Key Trends by Geography
3. Metamaterial Medium Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Metamaterial Medium Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Metamaterial Medium Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Metamaterial Medium Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Metamaterial Medium Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Metamaterial Medium Market – By Type (Market Size -$Million, KT)
    8.1 Electromagnetic Metamaterial
        8.1.1 Double Negative Metamaterial
        8.1.2 Single Negative Metamaterial
        8.1.3 Electromagnetic Band gap Metamaterial
        8.1.4 Double Positive Medium
        8.1.5 Bi isotropic and Bi anisotropic Metamaterial
        8.1.6 Chiral Metamaterial
    8.2 Terahertz Metamaterial
    8.3 Photonic Metamaterial
    8.4 Tunable Metamaterial
    8.5 FSS based Metamaterial
    8.6 Nonlinear Metamaterial
    8.7 Metamaterial Absorber
9. Metamaterial Medium Market– By Application (Market Size -$Million, KT)
    9.1 Antenna
    9.2 Sensors
    9.3 Solar Cells
    9.4 Windscreen
    9.5 Display
    9.6 Medical Imaging
    9.7 Others
10. Metamaterial Medium Market– End Use (Market Size -$Million, KT)
    10.1 Aerospace and Defense
    10.2 Automotive
    10.3 Telecommunication
    10.4 Optics
    10.5 Medical
    10.6 Others
11. Metamaterial Medium Market - By Geography (Market Size -$Million / KT)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Russia
        11.3.6 Spain
        11.3.7 Netherland
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Australia & New Zealand
        11.4.6 Rest of Asia Pacific
    11.5 RoW
        11.5.1 Middle East
   Saudi Arabia
   Rest of Middle East
        11.5.2 Africa
   South Africa
   Rest of Africa
12. Metamaterial Medium Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Metamaterial Medium Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Metamaterial Medium Market- List of Key Companies by Country (Premium) 
15. Metamaterial Medium Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Metamaterial Medium Market Size 2018
2 Canada Metamaterial Medium Market Share 2018
3 Brazil Metamaterial Medium Market Outlook 2019 - 2023
4 Mexico Metamaterial Medium Market Research 2018
5 Germany Metamaterial Medium Market Trends 2019 - 2023 
6 France Metamaterial Medium Market Growth 2019 - 2023 
7 UK Metamaterial Medium Market Demand 2019 - 2023 
8 Italy Metamaterial Medium Market Segmentation 2018
9 Russia Metamaterial Medium Market Analysis 2019 - 2023
10 China Metamaterial Medium Market Revenue 2019 - 2023
11 Japan Metamaterial Medium Market Volume 2019 - 2023
12 South Korea Metamaterial Medium Market Potential 2019 - 2023
13 India Metamaterial Medium Market Leaders 2018
14 Saudi Arabia Metamaterial Medium Market Forecast 2019 - 2023 
15 Kuwait Metamaterial Medium Market Value 2018

List of Figures

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