Global Metamaterials Market 2017-2021

Overview of the global metamaterials market

Market research analysts at Technavio predict that the global metamaterials market will grow steadily over the next four years and post a CAGR of more than 22% by 2021. This market research analysis identifies the growing number of internet users as one of the key growth factors for the global metamaterials market. Since its inception, the Internet is penetrating at a rapid pace. With the increase in the penetration of mobile broadbands, the recent years witnessed an increased penetration of the Internet. This increase in the penetration of the Internet will result in a significant rise in the demand for wireless infrastructure and metamaterials technologies across the world, which will in turn, propel the growth of the metamaterial antennas.

In addition to a rapid increase in the adoption of the Internet among users, the increasing mobile workforce will also contribute to the growth of the market. The adoption of bring your own device (BYOD) policy among organizations is promoting the usage of mobile devices among consumers. Furthermore, the extensive use of advanced technologies such as near-field communication, wearables, and biometric readers for various applications, will also strengthen the growth for metamaterials.

Competitive landscape and key vendors

The metamaterials market is highly diversified with the presence of well-established players. The competition in the market will intensify with the entry of new market players. The market is competitive and the vendors in the metamaterials technologies market usually compete on factors such as technology, price, distribution channel, and global brand presence. To retain their existing position in the market, the vendors are also focusing on establishing robust relationships with their customers.

The leading vendors in the market are ?

• Applied EM
• JEM Engineering
• Kymeta
• Metamagnetics
• Metamaterial Technologies

The other prominent vendors in the market are Microwave Measurement Systems, Nanohmics, NanoSonic, Plasmonics, and TeraView.

Market segmentation by application and analysis of the metamaterials market

• Communications
• Imaging
• Solar
• Acoustic devices

During 2016, the communication segment dominated the metamaterials market and the segment is expected to retain its dominance during the forecast period as well. The increase in the adoption of smartphones globally has resulted in an increase in the demand for metamaterial antennas. The extensive use of wireless communication such as Wi-Fi, very small aperture terminal (VSAT), and wireless infrastructure among various applications will also propel the growth of the segment. Moreover, leveraging the use of frequency bands to support 3G and 4G and also among the 5G technologies will also have a significant impact on the growth of this metamaterials technologies market over the next few years.

Market segmentation by geography and analysis of the metamaterials market

• Americas
• APAC
• EMEA

The Americas accounted for the major shares of the metamaterials market during 2016 and will continue to dominate the market during the forecast period. The growth in the region can be attributed to an increase in the number of companies developing metamaterial products. Also, the growth in the adoption of metamaterials among the educational institutions will also fuel the growth of the market. The US contributes to the major share of the market in the Americas and this is due to the increased use of metamaterials by the automotive industry.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metamaterials market?
• What are the key market trends impacting the growth of the global metamaterials market?
• What are the challenges to market growth?
• Who are the key vendors in the global metamaterials market?
• What are the market opportunities and threats faced by the vendors in the global metamaterials market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global metamaterials market?

Technavio also offers customization on reports based on specific client requirement.

Metamaterials are not natural materials; they are developed using a combination of elements ranging from plastic to metals. Metamaterials exhibit unique and superior properties that cannot be exhibited by any conventional material, which is readily available in nature. They exhibit properties such as negative permeability and permittivity.  This upcoming industry research report by Technavio is an essential part of the hardware and semiconductor industry and also gives insights into fast-growth sectors like embedded systems, computing devices, and human-machine interface. Additionally, Technavio's reports also offer crucial information on all the prominent vendors in the hardware and semiconductor industry.

To precisely forecast the embedded systems industry's growth prospects, our market research specialists conform to a triangulated research comprising of qualitative and quantitative techniques and also conduct an extensive analysis of the demand-supply shifts for diverse markets across the globe. To help clients prepare new concepts for growth, our upcoming industry research report on the global metamaterials market for the period of 2017 to 2021 discloses practical insights conceived from the data gathered from sources of intelligence such as channel partners, manufacturers, regulatory bodies, and stakeholders.

This upcoming report on the global metamaterials market also takes into consideration the growth of related markets like embedded computer and night vision systems, which are expected to grow at a CAGR of about 21% and almost 21%, respectively by the year 2021. This upcoming report for the global metamaterials market enlists the market challenges, drivers, and the current trends in the hardware and semiconductor industry and also reveals insightful overviews into the markets of displays, semiconductor equipment, and sensors.