Metamaterial Market Strategic Initiatives, Driver Relevance,
Segmentation By 2025
“Metamaterial absorb a wide range of light with exceptionally high efficiency,
which is expected to generate optical sensors and solar cells. These
metamaterials can be extremely thin, saving weight and cost.”
The global Metamaterials Market size was estimated at USD 316.0 million in 2016 and is expected to reach USD
1.35 billion by 2025, with a CAGR of 17.8%. Metamaterials are widely used in telecommunication and medical
field. These materials are artificial having electromagnetic properties that may not be found in nature. The rare
properties of metamaterial have led to the development of metamaterial antennas, sensors and lenses for
minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a
sensitive response to the dielectric media, strain, biological sensing applications and chemicals. Metamaterials
are artificial engineered materials that provide unique advantages over other conventional substitutes owing to
properties that are not readily found in nature. They gain their distinctive properties from the structure of the
homogeneities infused in them.
Due to these factors, metamaterials have a long list of lucrative applications including invisible super lens,
cloaking devices, absorbers and flat antennas which are highly impossible with traditional materials that are
found in nature. The growing demand for graphene based metamaterials in medical field is estimated to drive
the market growth over the forecast period. Need for implementing wireless telemetry systems in medical field
is expected to increase significantly increased owing to necessity for early diagnosis of infections or diseases
and continuous intensive care monitoring of physiological parameters. Sensors and microwave antennas are
major components of telemetry systems since they provide communication between the base station and
patient.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/metamaterial-market/request-sample