Metamaterials: Technologies and Global Markets
BCC Research projects that the total global market for metamaterials is expected to grow from $289.2 million in 2013 to about $1.2 billion by 2019 and nearly $3.0 billion by 2024, registering a compound annual growth rate (CAGR) of 20.5% between 2019 and 2024.
- An overview of the global market for metamaterials and related technologies.
- Analyses of global market trends, with data from 2013, estimates for 2014 and 2019, and projections of compound annual growth rates (CAGRs) through 2024.
- Information about emerging metamaterials technologies and applications, and in more detail those technologies and applications that are most likely to achieve significant commercial sales in the future.
- A look at market drivers for each type of metamaterial as well as the hindrances to their successful commercialization.
- Comprehensive profiles of leading companies in the industry.
This report addresses the emerging global market for metamaterials, including the classes listed below. The common thread uniting this diverse group of materials is that they are all artificial materials with characteristics usually not found in nature, and they owe these characteristics to their structure rather than to their constituent element or elements.
- Artificial dielectrics.
- Negative refraction media.
- Active terahertz (THz) materials (i.e., metamaterials that respond magnetically to far-infrared or THz electromagnetic radiation).
- Chiral materials.
- Photonic crystals.
- Superconducting metamaterials.
- Extreme-parameter metamaterials (i.e., metamaterials with internal structures that have been modified or engineered on a molecular or nanoscale level to impart extraordinary strength, flexibility or other characteristics).
- Acoustic metamaterials.
The study format includes the following major elements.
- Executive summary.
- General properties of metamaterials.
- Historical milestones in the development of metamaterials.
- Emerging and developmental metamaterials technologies and applications that demonstrate the greatest commercial potential through 2024.
- Detailed market estimates and projections for each application and material during the period from 2014 to 2019.
- General assessment of expected market trends in the longer term (i.e., 2019–2024).
- Patent analysis.
Frequently Asked Questions (FAQs)
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
BCC estimates the global market for metamaterials was worth $222.3 million in 2010 and $256.1 million in 2011. BCC expects the market to grow to $758.7 million by 2016, a compound annual growth rate (CAGR) of 24.3% since 2011, and to reach nearly $1.9 billion by 2021, a CAGR of 19.6% between 2016 and 2021.
- The global market for metameterials applications was worth $164.2 million in 2007 and an estimated $190.7 million in 2008. This should reach $2.6 billion in 2013, a compound annual growth rate (CAGR) of 26.5%.
- Electromagnetic metamaterials dominate the market, generating an estimated $102.5 million in 2007. This is expected to increase to $117.5 million in 2008 and $316.2 million in 2013, for a CAGR of 21.9%.
- Extreme parameter and other metamaterials have the second largest market share, worth $61.7 million in 2007 and an estimated $73.2 million in 2008. This should increase at a CAGR of 32.7% to reach $301.4 million in 2013.