The global metamaterials market in terms of value is estimated to witness a growth at a CAGR of 21.6% between 2016 and 2022. This growth in the market is attributed to their increasing usage of metamaterials in research and development, superior properties of metamaterials over conventional materials, and high demand from various end-use industries such as telecommunication, aerospace & defense, and medical instrumentation.
The engineered materials composed of designed inclusions exhibit exotic and unique electromagnetic properties not inherent in the individual constituent components. These artificially structured composites, known as metamaterials. Metamaterials are artificial composites that acquire their electromagnetic properties from embedded sub wavelength metallic structures.
The report is a compilation of various segmentations including market breakdown by metamaterial type, product type, end-use applications, and different geographical regions. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from metamaterials is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of the application areas of the metamaterials market. It also examines the role of the leading market players involved in this market.
The report addresses the following key questions about the global automotive brakes market:
- What the global metamaterials market size is in terms of revenue from 2015-2022?
- What is the dominant type and product type by revenue in the metamaterials market?
- What is the revenue generated by the different brake type and products in the metamaterials market?
- What is the revenue generated application market?
- What are the different factors driving the market forward in the forecast period?
- What are the major factors challenging the growth of global metamaterials market?
- What kind of new strategies are being adopted by existing market players to make a mark in the industry?
- Which region will lead to the global metamaterials market by the end of the forecast period?
The most often used strategy for developing a better hold on to the market has been through agreements, collaborations, contracts, and partnerships, followed by new product launches. The company profile section includes highlights of significant information about the key companies involved, along with their financial summaries and key strategies & developmental activities of recent years. Some of the key players involved in this market are Applied Em, Jem Engineering, Kymeta Corporation, Metamagnetics, Metamaterial Technologies Inc., Teraview Limited, Harris Corporation, Fractal Antenna Systems Inc., Newport Corporation, KuangChi Science Limited, and Echodyne Inc.
Electromagnetics based metamaterials dominated the metamaterials market accounting for a market share by value in 2015. North America generated the maximum amount of revenue in the year 2015 in the global metamaterials market followed by Europe and Asia-Pacific. Additionally, APAC has the highest potential to grow in the forecast period due to the presence of emerging economies such as China.