Metamaterials: Technologies and Global Markets

November 03, 2008

Wellesley, Mass—According to a new technical market research report, METAMATERIALS: TECHNOLOGIES AND GLOBAL MARKETS (AVM067A) from BCC Research, the global market for metamaterials was worth $164.2 million in 2007 and an estimated $190.7 million in 2008. It should reach $617.6 million in 2013, for a compound annual growth rate (CAGR) of 26.5%. Additionally, the metamaterials market is expected to grow at a CAGR of 22.5% between 2013 and 2018, and to reach global sales of $1.7 billion in 2018.

The market is broken down into segments of electromagnetic, acoustical and extreme parameter metamaterials. Electromagnetic metamaterials have the largest share of the market, generating $102.5 million in 2007 and an estimated $117.5 million in 2008. This segment is expected to grow at a CAGR of 21.9% to reach $316.2 million in 2013 and to continue growing at a CAGR of 28.6% to reach $1.1 billion in 2018.

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 segment is expected to reach $301.4 million in 2013, for a CAGR of 32.7%. Extreme parameter metamaterials are then expected to reach $547.7 million in 2018, for a CAGR of 12.7% between 2013 and 2018.

To Contact us, click here  

Acoustical metamaterials, which interact in unique ways with acoustic waves, are not expected to be a major factor in the market until the 2013 to 2018 time frame, when applications such as metamaterial-based ultrasound lenses and noise barriers begin appearing on the market.

The commercial metamaterials market is currently concentrated in manufacturing and mining, concrete mixing, offshore/marine, and power generation applications. By 2018, the range of metamaterials end-uses should be more diversified. In addition to manufacturing and miscellaneous unclassified end-uses, health care, electronics/IT, communications, energy and transport are expected to capture significant market shares.

Metamaterials: Technologies and Global Markets( AVM067A )
Publish Date: Oct 2008    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.