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 l...