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Metamaterials Technologies Market Fueled by Impressive Performance of Startup Companies, to reach US$1,268.4 Mn by 2020.

Global metamaterials technologies market was valued at US$ 322.6 Mn in 2013 and is projected to reach US$ 1,268.4 Mn by 2020, expanding at a CAGR of 21.6% between 2014 and 2020.
Published 28 October 2015
Transparency Market Research announces the release of a new report titled “Metamaterials Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. According to the report, the global metamaterials technologies market is estimated to grow from US$322.6 million in 2013 to US$1,268.4 million by 2020, at a strong CAGR of 21.6% from 2014 to 2020.The global metamaterials technologies market is driven by the growing need to improve the efficiency of solar photovoltaic cells, surge in wireless mobile communication, and increase in funding by venture capital firms. The use of grapheme-based metamaterials in medical applications is expected to boost the growth of the metamaterials technologies market in the near future. In contrast, inadequate commercial awareness and technical obstacles in the high-volume fabrication of metamaterials is expected to inhibit the growth of the global market. The research report segments the global metamaterials technologies market on the basis of product, application, and geography.
By product, the metamaterials technologies market is broken down into acoustic metamaterials, terahertz metamaterials, photonic metamaterials, radio and microwave metamaterials, and others such as ultraviolet metamaterials and infrared metamaterials. Of these, the segment of radio and microwave frequency electromagnetic metamaterials held nearly 50% of total revenue generated in the metamaterials technologies market in 2013.Metamaterials technologies find application in acoustic devices, imaging (medical and industrial), solar, communication and radar, and others such as seismic protection and cloaking devices. By revenue, communication and radar held over 60% of the metamaterials technologies market in 2013 and is likely to remain the largest and the fastest growing application segment over the forecast period. The use of metamaterials technologies in industrial and medical imaging was the second largest application segment in 2013.
Geographically, the global metamaterials technologies market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America dominated the global metamaterials technologies market in 2013, holding more than 55% of total annual revenue. This region is likely to remain the highest revenue-generating as well as fastest developing market for the rest of the forecast period owing to government research grants, particularly in the defense sector, and considerable investment by venture capital firms in numerous startup companies. The intensity of active collaboration between metamaterials technologies companies and universities in order to develop various products for civilian use is anticipated to boost demand for metamaterials technologies in Europe as well as Asia Pacific. 
Browse the full Metamaterials Technologies (Radio & Microwave Metamaterials, Photonic Metamaterials, Terahertz Metamaterials, Acoustic Metamaterials, Infrared Metamaterials, Ultraviolet (UV) Metamaterials and Others) Market for Communication & Radar, Imaging (Medical & Industrial), Solar, Acoustic Devices and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at
The metamaterials technologies market is, by nature, extremely fragmented and is dominated by a number of start-up companies based out of North America. The major players operating in the metamaterials technologies market that have been profiled in the research report are Inframat Corporation, Colossal Storage Corporation, Luminus Devices Inc, Opalux Inc, Metamaterial Technologies Inc, Applied EM Inc, Echodyne Corporation, Metamagnetics Inc, Fractal Antenna Systems, Inc. (FRACTAL), Fianium Ltd, Medical Wireless Sensing Ltd. (MediWiSe), Nanosteel Company Inc, Evolv Technology, Kymeta Corporation, Sandvik Materials Technology AB, and Alight Technologies ApS.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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