Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Metamaterials Market: By Type, By Application, By End-use type, 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.
Study Period
2024-2030Base Year
2023CAGR
22.1%Largest Market
North AmericaFastest Growing Market
Asia pacific
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 928.2 million |
Market CAGR |
22.1% |
By Type |
|
By Application |
|
By End User |
|
By Region |
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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.
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