VANCOUVER, B.C., Oct. 6, 2020
- The growing demand for advanced materials in many end-use verticals such as consumer electronics, medical, and aerospace & defense industries are key factors driving the global growth of the industry
- Market Size – USD 658.3 million in 2019, Market Growth - CAGR of 23.6%, Market Trends – Growing prevalence of the electromagnetic properties in many end-use verticals
VANCOUVER, B.C., Oct. 6, 2020 /PRNewswire/ -- The Global Metamaterials Market is projected to reach USD 3.61 billion in 2027. The key factors influencing the market include increasing demand for the new technologies that can be used in many applications such as absorbers, superlenses, and antennas instead of the conventional materials in order to boost the performance of the machinery and reliability of overall processes across applications.
The uniquely engineered synthetic structures having superior electromagnetic properties find a wide range of applications and a vast potential for usage in large end-use verticals such as automotive, consumer electronics, medical, and others. The metamaterial market is driven mainly by demand from telecommunications applications because of the potential of the material to be used in devices, such as radars.
The global business landscape of Metamaterial remains quite dynamic with increasing numbers of small, medium as well as large companies. Enormous competition for technological innovation and higher diversification will offer tremendous opportunities for creative players over the forecast timeframe.
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Further key findings from the report suggest
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For the purpose of this report, Emergen Research has segmented the Global Metamaterials Market on the basis of Product Type, Application, End-Use, and Region:
Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- North America
- Asia Pacific
- Latin America
-Middle East & Africa
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