Global Metamaterials Market to Reach US$ 6,442 Million by 2032, Propelled by Significant Growth in the Aerospace Industry

February 06, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Metamaterials Market Report by Type (Electromagnetic, Terahertz, Photonic, Tunable, Frequency Selective Surface, and Others), Application (Absorber, Antenna and Radar, Cloaking Devices, Super Lens, and Others), End User (Aerospace and Defense, Medical, Automotive, Consumer Electronics, Energy and Power, and Others), and Region 2024-2032," the global metamaterials market size reached US$ 815 Million in 2023. Metamaterials refer to artificially engineered products that possess novel properties and functionalities that are not found in naturally occurring substances. It includes electromagnetic, acoustic, tunable, thermal, quantum, seismic, and photonic metamaterials. They are commercially produced by advanced manufacturing techniques, such as nanofabrication, self-assembly, direct laser writing, and chemical vapor deposition (CVD). Metamaterials are widely used in optics, telecommunication and antennas, cloaking devices, solar cells, architectural acoustics, high-resolution imaging systems, and electronics cooling. They exhibit unprecedented properties, such as negative refractive index, superlensing, and perfect absorption, which aid in controlling and manipulating energy waves. Metamaterials also enable miniaturization of devices and components while maintaining optimum efficiency.


Global Metamaterials Market Trends:

The significant growth in the aerospace industry across the globe is one of the key factors creating a positive outlook for the market. Metamaterials are widely used in aircraft stealth technology, thermal management systems, acoustic insulation, electromagnetic shielding, and manufacturing of lightweight components, such as aircraft wings, fuselages, and other structures. Along with this, the widespread product utilization in the defense industry to produce armor and protection systems, communication systems, infrared (IR) imaging devices, sonar systems, and sensors is acting as another growth-inducing factor. Furthermore, the increasing product application in the telecommunication industry to miniaturize antennas, improve signal transmission and reception, and enable advanced beam steering capabilities is contributing to the market growth. Additionally, the utilization of three-dimensional (3D) printing in product manufacturing to enable the creation of intricate geometries and complex metamaterial structures with high precision and efficiency is strengthening the market growth. Besides this, the recent development of programmable metamaterials that offers adaptive functionalities, such as dynamic focusing, frequency tuning, and beam steering, is favoring the market growth. Apart from this, the rising product utilization in medical imaging applications, such as terahertz imaging and magnetic resonance imaging (MRI), is providing a thrust to the market growth. Other factors, including increasing product utilization in consumer electronics, extensive research and development (R&D) activities, and growing product applications in renewable energy generation, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 6,442 Million by 2032, exhibiting a CAGR of 24.5% during 2024-2032.


Market Summary:

  • On the basis of the type, the market has been classified into electromagnetic, terahertz, photonic, tunable, frequency selective surface, and others.
  • Based on the application, the market has been divided into absorber, antenna and radar, cloaking devices, super lens, and others.
  • On the basis of the end user, the market has been classified into aerospace and defense, medical, automotive, consumer electronics, energy and power, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Acoustic Metamaterials Group Ltd, Echodyne Corp, Fractal Antenna Systems Inc., JEM Engineering LLC, Kymeta Corporation, Metamagnetics Inc, Metamaterial Technologies Inc., MetaShield LLC, Nanoscribe GmbH & Co. KG (Cellink AB), Plasmonics Inc. and TeraView Limited.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acoustic Metamaterials Group Ltd, Echodyne Corp, Fractal Antenna Systems Inc., JEM Engineering LLC, Kymeta Corporation, Metamagnetics Inc, Metamaterial Technologies Inc., MetaShield LLC, Nanoscribe GmbH & Co. KG (Cellink AB), Plasmonics Inc. and TeraView Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Metamaterials Market to Reach US$ 6,442 Million by 2032, Propelled by Significant Growth in the Aerospace Industry
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More