How Varied Design Functionalities is Fueling the Rise of the Global Metamaterial Market?

Metamaterials are composite materials specially engineered to exhibit exotic properties that are not present in a naturally occurring material. Several end-users, such as the medical and telecommunication industries, make phenomenal use of different metamaterials for different applications. As per a report, the Global Metamaterial Market could grow at a CAGR of around 36% during 2021-26.

Its unique properties have resulted in the development of metamaterial antennas and sensors for petite wireless systems that could be proved more efficient than the traditional ones. Also, the emerging need to enhance the efficiency of solar photovoltaic (PV) has increased the demand for metamaterial as it can augment the absorption capacity of solar cells.

Furthermore, the constant need for clean energy sources, such as solar, wind, and hydro energies, has aided the necessity to enhance solar cells' efficacy. Burgeoning R&D activities by various research institutes & market leaders have led to the development of metamaterial products that can collect & absorb light from all angles.


Based on the material type, the market bifurcation is Electromagnetic, Terahertz, Photonic, Tunable, and Frequency Selective Surface. Among these, Electromagnetic material holds the largest share in the Global Metamaterial Market, 2019, and can preserve its dominance throughout the projected period.

Metamaterials are widely used in telecommunication applications and are crafted for microwave & optical applications specifically. Moreover, these products are incorporated to manufacture antennas, microwave couplers, band-pass filters, and lenses.

Metamaterial Technologies, Echodyne Inc., Keymeta Corporation, Metasheild LLC., Multiwave Technologies AG, Plasmonic Inc., Nanohmics Inc., Phoebus Optoelectronics LLC, Metamagnetic Inc., Multiwave Metacrystal, Phononic Vibes, Transsip, Inc, Radi-Cool, Jem Engineering, LLC, and Aegis Technologies are a few primary leaders in the Global Metamaterial Market.

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