Global metamaterials market is expected to reach USD 62 billion by 2024 with an expected CAGR of 25% from 2016 to 2024. Metamaterials are widely used in telecommunication and medical field. These materials possess artificial electromagnetic properties. The rare properties of metamaterial have led to the development of metamaterial antennas, sensors, and lenses for minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a sensitive response to the dielectric media, strain, biological sensing applications, and chemicals.
Metamaterials are artificially engineered materials that provide unique advantages over other conventional substitutes owing to properties that are not readily found in nature. They gain their distinctive properties from the structure of the homogeneities infused in them. Due to these factors, metamaterials have an extensive list of lucrative applications including invisible super lens, cloaking devices, absorbers and flat antennas which are highly impossible with traditional materials that are found in nature.
The growing demand for graphene-based metamaterials in the medical field is estimated to drive the market growth over the forecast period. Need for implementing wireless telemetry systems in the medical field is expected to increase significantly owing to the necessity for early diagnosis of infections or diseases and continuous intensive care monitoring of physiological parameters.
Sensors and microwave antennas are major components of telemetry systems since they provide communication between the base station and patient. Metamaterials show electromagnetic properties at frequencies which are expected to attract interests from physicist and microwave engineers. These factors are anticipated to drive the market growth and provide a potential base to metamaterials over the next seven years.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/metamaterials-market
The global metamaterials market is driven by surge off-grid solar power system demand, to improve the efficiency of photovoltaic cells and increasing investments by venture capital firms in the market. Metamaterials absorb a broad range of light with exceptionally high efficiency, which is expected to increase application in optical sensors and solar cells.
These materials can is fragile, saving weight and cost. Rising demand and awareness of benefits that solar cells provide to generate energy is expected to drive this technology. These materials can is fragile, saving both cost and weight.
Lack of inadequate customer awareness towards advantages of metamaterials expected to pose a significant challenge to the global market growth over next few years. Technical complications coupled with high cost and time took for development cycle can be attributed as significant challenges to the industry growth.
Based on the metamaterial types, the global market has been segmented into terahertz, acoustic, photonic, microwave and radio metamaterials. Other types include infrared and ultraviolet metamaterials. Microwave and radio frequency electromagnetic metamaterials are expected to contribute the largest market share owing to increase in wireless broadband, mobile communications and technological advancements in communication infrastructure.
Acoustic metamaterials are anticipated to witness significant growth over next nine years on account of increasing application in resonators, superlens, and diodes. These materials have excellent sonic properties that manipulate acoustic waves. Ongoing R&D regarding the use of these materials in soundproof houses and stealth fighter jets and warships is anticipated to drive segment growth.
By product type, the market is segmented into the super lens, antennas, absorbers and cloaking devices. Metamaterial antennas are expected to have the largest market share on account of efficient performance and size, high tunable directivity, operational efficiency coupled with improved bandwidth and radiation. Cloaking devices are anticipated to witness the strongest growth over the forecast period. These devices are used in stealth technology that provides objects with wholly or partially invisible properties of the electromagnetic spectrum which are widely used in defense and aerospace.
Based on the application, the global market has been segmented into medical, optic, sensing, radar, telecommunication and aerospace & defense. Radar and communication were the largest application segment in 2014 and are likely to dominate the market over the forecast period.
Medical imaging is expected to grow at a significant growth rate owing to various innovations and product development in this field. Optics and sensing are supposed to emerge as the fastest growing markets for metamaterials over the next seven years.
North America metamaterials market dominated the global demand in 2014 owing to government research investments, particularly in communication infrastructure and defense sector. The intensity of active association between companies, universities and metamaterials technologies to develop various products for civilian use is estimated to drive the product demand in Asia Pacific and Europe. Emerging economies such as Brazil, China, and India are highly investing in medical, defense and infrastructure to increase their economic development.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
Metamaterials are artificially engineered materials that provide unique advantages over other conventional substitutes owing to properties that are not readily found in nature. They gain their distinctive properties from the structure of the homogeneities infused in them. Due to these factors, metamaterials have an extensive list of lucrative applications including invisible super lens, cloaking devices, absorbers and flat antennas which are highly impossible with traditional materials that are found in nature.
The growing demand for graphene-based metamaterials in the medical field is estimated to drive the market growth over the forecast period. Need for implementing wireless telemetry systems in the medical field is expected to increase significantly owing to the necessity for early diagnosis of infections or diseases and continuous intensive care monitoring of physiological parameters.
Sensors and microwave antennas are major components of telemetry systems since they provide communication between the base station and patient. Metamaterials show electromagnetic properties at frequencies which are expected to attract interests from physicist and microwave engineers. These factors are anticipated to drive the market growth and provide a potential base to metamaterials over the next seven years.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/metamaterials-market
The global metamaterials market is driven by surge off-grid solar power system demand, to improve the efficiency of photovoltaic cells and increasing investments by venture capital firms in the market. Metamaterials absorb a broad range of light with exceptionally high efficiency, which is expected to increase application in optical sensors and solar cells.
These materials can is fragile, saving weight and cost. Rising demand and awareness of benefits that solar cells provide to generate energy is expected to drive this technology. These materials can is fragile, saving both cost and weight.
Lack of inadequate customer awareness towards advantages of metamaterials expected to pose a significant challenge to the global market growth over next few years. Technical complications coupled with high cost and time took for development cycle can be attributed as significant challenges to the industry growth.
Based on the metamaterial types, the global market has been segmented into terahertz, acoustic, photonic, microwave and radio metamaterials. Other types include infrared and ultraviolet metamaterials. Microwave and radio frequency electromagnetic metamaterials are expected to contribute the largest market share owing to increase in wireless broadband, mobile communications and technological advancements in communication infrastructure.
Acoustic metamaterials are anticipated to witness significant growth over next nine years on account of increasing application in resonators, superlens, and diodes. These materials have excellent sonic properties that manipulate acoustic waves. Ongoing R&D regarding the use of these materials in soundproof houses and stealth fighter jets and warships is anticipated to drive segment growth.
By product type, the market is segmented into the super lens, antennas, absorbers and cloaking devices. Metamaterial antennas are expected to have the largest market share on account of efficient performance and size, high tunable directivity, operational efficiency coupled with improved bandwidth and radiation. Cloaking devices are anticipated to witness the strongest growth over the forecast period. These devices are used in stealth technology that provides objects with wholly or partially invisible properties of the electromagnetic spectrum which are widely used in defense and aerospace.
Based on the application, the global market has been segmented into medical, optic, sensing, radar, telecommunication and aerospace & defense. Radar and communication were the largest application segment in 2014 and are likely to dominate the market over the forecast period.
Medical imaging is expected to grow at a significant growth rate owing to various innovations and product development in this field. Optics and sensing are supposed to emerge as the fastest growing markets for metamaterials over the next seven years.
North America metamaterials market dominated the global demand in 2014 owing to government research investments, particularly in communication infrastructure and defense sector. The intensity of active association between companies, universities and metamaterials technologies to develop various products for civilian use is estimated to drive the product demand in Asia Pacific and Europe. Emerging economies such as Brazil, China, and India are highly investing in medical, defense and infrastructure to increase their economic development.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
No comments:
Post a Comment