Metamaterials Market: By Type, By Application, By End-use type, and Region Forecast 2019 - 2030

Metamaterials Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Electromagnetic, Terahertz, Tunable, Photonic, Frequency Selective Surface, FSS, Other), By Application (Antenna and Radar, Cloaking Devices, Sensors, Light and Sound Filtering, Superlens, Other Applications), By End-use type (Consumer Electronics, Healthcare, Telecommunication, Aerospace and Defense, Other End-user), and Region Forecast 2019 - 2030

Metamaterials Market size was valued at US$ 928.2 million in 2023 and is projected to grow at a CAGR of 22.1% from 2024 to 2030. The primary factor that will boost the  market is the capital investment made by the public and private sectors. Metamaterials are in huge demand in the medical and telecommunication sector due to the rare properties that the metamaterials inherit. The use of metamaterials in solar systems and metamaterial-based radars for drones offers a beneficial opportunity for the market. Government agencies spend heavily on research and development of metamaterials for aerospace and defense applications.

Therefore, the demand for metamaterials in a huge range of applications which is driven by the variety of design features. Metamaterials are also used in various end-user applications due to improved electromagnetic properties, such as automotive, consumer electronics, medical, and other industries. In addition, the rising application of metamaterials in consumer electronics and healthcare is expected to drive market revenue growth. some of the opportunities for metaphysical market growth are high investment from both the public as well as private sectors to commercialize products. However, a lack of understanding of the advantages of metamaterials and the related technical complexities of their appropriateness for various applications is expected to hinder the growth of the market. Moreover, the lack of technology available for mass production and high raw material cost is a major challenge for market growth.

Metamaterials Market Key Developments

  • In April 2022 – Plasma App Ltd. was acquired by Meta Materials Inc. A technology enabling high-speed coating of solid materials was developed by Plasma App which Meta Materials Inc. will apply in its production process for NANOWEB films as well as for KolourOptik security films.
  • In June 2018 - UK based start-up Meta boards Limited over an investment round raised US$ 5 million for advanced development. 

Metamaterials Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

22.1%

Largest Market

North America

Fastest Growing Market

Asia pacific

Metamaterials Market Dynamics

Increasing demand for the use of metamaterial in the medical and telecommunication industry for the advancement of metamaterial lenses, antennas, and sensors that are more efficient than conventional systems is likely to drive market growth over the forecast period. Furthermore, sensors and microwave antenna are the prime components of telemetry systems and metamaterials comprise of electromagnetic properties, due to which the metamaterials are majorly adopted in the telecom sector. Moreover, the demand for antennas and radars is projected to rise over the forecast period, due to increasing safety requirements in the defence sector. Metamaterials are majorly adopted for antennae and radars. which are further expected to fuel demand for antennas and radars, thereby driving the growth of the market over the forecast period.

Metamaterials Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 928.2 million

Market CAGR

22.1%

By Type

  • Electromagnetic
  • Terahertz
  • Tunable
  • Photonic
  • Frequency Selective Surface
  • Others

By Application

  • Antenna & Radar
  • Cloaking Devices
  • Sensors
  • Light & Sound Filtering
  • Superlens
  • Others

By End User

  • Consumer Electronics
  • Healthcare
  • Telecommunication
  • Aerospace & Defense
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America 
  • MEA 

Key Features of the Report

  • The metamaterials market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market.
     

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Frequently Asked Questions

The global metamaterials market size was valued at US$ 928.2 million in 2023 and is projected to grow at a CAGR of 22.1% from 2024 to 2030.

The North American region will lead the market

The leading players in the market are Acoustic Metamaterials Group Ltd, Metamagnetics Inc., Echodyne, Inc., Advanced Research Projects Agency, Fractal Antenna Systems Inc., Kymeta Corporation, JEM Engineering, Metaboards Limited, TeraView, Nano-Meta Technologies, Inc., Metamaterial Technologies Inc., Palo Alto Research Center Incorporated and Others.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Metamaterials Market Introduction
2.1. Global Metamaterials Market Taxonomy
2.2. Global Metamaterials Market Definitions
2.2.1. Type
2.2.2. Application
2.2.3. End-use
3. Global Metamaterials Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Metamaterials Market Dynamic Factors - Impact Analysis
3.6. Global Metamaterials Market Competition Landscape
4. Global Metamaterials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Metamaterials Market Forecast, By Type, 2019 - 2023 and Forecast, 2024 - 2030
5.1. Electromagnetic
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Terahertz
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Tunable
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Photonic
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Frequency Selective Surface
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. FSS
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. Other
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
6. Global Metamaterials Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
6.1. Antenna and Radar
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cloaking Devices
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Sensors
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Light and Sound Filtering
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Superlens
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Other Applications
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Metamaterials Market Forecast, By End-Use, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Consumer Electronics
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Healthcare
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Telecommunication
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Aerospace and Defense
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Other End-user
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Metamaterials Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Metamaterials Market - Opportunity Analysis Index, By Type, By Application, By End-use, and Region, 2024 - 2030
9. North America Metamaterials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Electromagnetic
9.1.2. Terahertz
9.1.3. Tunable
9.1.4. Photonic
9.1.5. Frequency Selective Surface
9.1.6. FSS
9.1.7. Other
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Antenna and Radar
9.2.2. Cloaking Devices
9.2.3. Sensors
9.2.4. Light and Sound Filtering
9.2.5. Superlens
9.2.6. Other Applications
9.3. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Consumer Electronics
9.3.2. Healthcare
9.3.3. Telecommunication
9.3.4. Aerospace and Defense
9.3.5. Other End-user
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Metamaterials Market - Opportunity Analysis Index, By Type, By Application, By End-use, and Country, 2024 - 2030
9.6. North America Metamaterials Market Dynamics Trends
10. Europe Metamaterials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Electromagnetic
10.1.2. Terahertz
10.1.3. Tunable
10.1.4. Photonic
10.1.5. Frequency Selective Surface
10.1.6. FSS
10.1.7. Other
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Antenna and Radar
10.2.2. Cloaking Devices
10.2.3. Sensors
10.2.4. Light and Sound Filtering
10.2.5. Superlens
10.2.6. Other Applications
10.3. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Consumer Electronics
10.3.2. Healthcare
10.3.3. Telecommunication
10.3.4. Aerospace and Defense
10.3.5. Other End-user
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Metamaterials Market - Opportunity Analysis Index, By Type, By Application, By End-use and Country, 2024 - 2030
10.6. Europe Metamaterials Market Dynamics Trends
11. Asia-Pacific Metamaterials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Electromagnetic
11.1.2. Terahertz
11.1.3. Tunable
11.1.4. Photonic
11.1.5. Frequency Selective Surface
11.1.6. FSS
11.1.7. Other
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Antenna and Radar
11.2.2. Cloaking Devices
11.2.3. Sensors
11.2.4. Light and Sound Filtering
11.2.5. Superlens
11.2.6. Other Applications
11.3. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Consumer Electronics
11.3.2. Healthcare
11.3.3. Telecommunication
11.3.4. Aerospace and Defense
11.3.5. Other End-user
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Metamaterials Market - Opportunity Analysis Index, By Type, By Application, By End-use and Country, 2024 - 2030
11.6. Asia-Pacific Metamaterials Market Dynamics Trends
12. Latin America Metamaterials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Electromagnetic
12.1.2. Terahertz
12.1.3. Tunable
12.1.4. Photonic
12.1.5. Frequency Selective Surface
12.1.6. FSS
12.1.7. Other
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Antenna and Radar
12.2.2. Cloaking Devices
12.2.3. Sensors
12.2.4. Light and Sound Filtering
12.2.5. Superlens
12.2.6. Other Applications
12.3. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Consumer Electronics
12.3.2. Healthcare
12.3.3. Telecommunication
12.3.4. Aerospace and Defense
12.3.5. Other End-user
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Metamaterials Market - Opportunity Analysis Index, By Type, By Application, By End-use and Country, 2024 - 2030
12.6. Latin America Metamaterials Market Dynamics Trends
13. the Middle East and Africa Metamaterials Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
13.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.1.1. Electromagnetic
13.1.2. Terahertz
13.1.3. Tunable
13.1.4. Photonic
13.1.5. Frequency Selective Surface
13.1.6. FSS
13.1.7. Other
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Antenna and Radar
13.2.2. Cloaking Devices
13.2.3. Sensors
13.2.4. Light and Sound Filtering
13.2.5. Superlens
13.2.6. Other Applications
13.3. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Consumer Electronics
13.3.2. Healthcare
13.3.3. Telecommunication
13.3.4. Aerospace and Defense
13.3.5. Other End-user
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Metamaterials Market - Opportunity Analysis Index, By Type, By Application, By End-use and Country, 2024 - 2030
13.6. MEA Metamaterials Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Metamaterial Technologies Inc.
14.2.2. Kymeta
14.2.3. JEM Engineering
14.2.4. Microwave Measurement Systems LLC
14.2.5. NKT Photonics
14.2.6. Applied EM, Inc.
14.2.7. TeraView Ltd
14.2.8. Fractal Antenna Systems Inc.
14.2.9. Echodyne Corp
14.2.10. MetaShield LLC
14.2.11. Multiwave Technologies AG
14.2.12. Nanohmics Inc.
14.2.13. Plasmonics Inc
14.2.14. TeraView Ltd
14.2.15. Antrum Ltd
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • Metamaterial Technologies Inc.
  • Kymeta
  • JEM Engineering
  • Microwave Measurement Systems LLC
  • NKT Photonics
  • Applied EM, Inc.
  • TeraView Ltd
  • Fractal Antenna Systems Inc.
  • Echodyne Corp
  • MetaShield LLC
  • Multiwave Technologies AG
  • Nanohmics Inc.
  • Plasmonics Inc
  • TeraView Ltd
  • Antrum Ltd

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