Published Date : May 29, 2017
Albany, New York, May 29, 2017: MarketResearchReports.com has announced the addition of a report, titled “Global Metamaterials Market 2017-2021,” to its vast repository. The report serves as a professional study offering a 360-degree view of the global market for metamaterials. It provides invaluable insights into aspects such as trends, opportunities, competitive scenario, and geographical segmentation. As per the findings of the report, the global metamaterials market will progress at an impressive CAGR of more than 22% between 2017 and 2021.
The snowballing number of internet users is one of the primary factors augmenting the global metamaterials market. The emergence and increasing penetration of mobile broadband are translating into the greater number of people accessing the internet. The rising penetration of Internet is stirring up the demand for robust wireless infrastructure, which in turn is propelling the demand for metamaterial antennas. Moreover, the advent of internet of things (IoT) is triggering the demand for wireless computing devices, which is thereby working in favor of the market.
The growing preference for mobile workforce across organizations and rising trend for bring-your-own-device (BYOD) policy is escalating the usage of mobile devices, thus, providing a significant boost to the global metamaterials market. Furthermore, the future of the market looks bright with advancements in the field of wireless technology.
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On the basis of application, the global metamaterials market is segmented into imaging, communications, acoustic devices, and solar. The communications segment will continue to account for the leading share in the market until 2021. The proliferation of smartphones across the world is stoking the demand for metamaterial antenna. The spiraling use of wireless communication such as Wi-Fi, wireless infrastructure, and very small aperture terminal (VSAT) for various applications is contributing to the growth of the segment.
From the geographical standpoint, the report segments the global metamaterials market into Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA). Americas will continue to be at the forefront of growth until 2021. The influx of new players with innovative offerings is allowing the regional market to gain significant traction. The rising adoption of metamaterials in the educational and automotive sectors is also fuelling the growth of the region. The U.S. is anticipated to be the frontrunner in the Americas market.
The global metamaterials market is a highly dynamic arena, wherein participants are competing aggressively in terms of technology, distribution, brand visibility, and price. To consolidate their position in the market, players are paying high attention to product customization and establishing robust relationships with their customers. The leading companies in the market are JEM Engineering, Applied EM, Kymeta, Metamaterial Technologies, and Metamagnetics. Some other prominent players in the global metamaterials market are Nanohmics, Microwave Measurement Systems, Plasmonics, NanoSonic, and TeraView.
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