Markets for Metamaterials 2016-2023
Metamaterials are a class of smart materials that are intrinsically able to control and manipulate light, sound, and other phenomena. Their prime design characteristic of metamaterials – the characteristic that enables their various functionalities – is that they are fabricated as a composite with the constituent materials tightly coupled enough – that an metamaterial element can be treated as if it were a molecule, but of a purely artificial material.
The “application” for metamaterials that gets the most attention in the press is their ability to serve as invisibility cloaks for military aircraft. However, this futuristic application disguises the fact that metamaterials are already in use in antennas with many other applications rapidly emerging including optics, medicine, aerospace, infrastructure monitoring, military, earthquake monitoring, etc.
In this report we identify the revenue generation potential over the next eight years for metamaterials. This analysis includes a discussion of the commercial implications of the latest technological trends, and how new designs and performance improvements are likely to expand the addressable markets for metamaterials. For example, we look at the emergence of photonic metamaterials, tunable metamaterials, FSS selective surface based metamaterials, etc. The report also analyzes how end-user markets for shape memory materials are changing.
In putting together this report n-tech has drawn on its extensive experience in the smart materials space as well as interviews with key companies shaping these markets. n-tech believes that this report will provide valuable insight into metamaterials markets that will benefit marketing and business development executives from various parts of the supply chain, including raw material suppliers, chemical and coatings companies, specialized firms and OEMs, as well as investors with an interest in the smart materials business.
Applications and Markets
This report identifies the applications areas where n-tech believes metmaterials have a real opportunity to move beyond the lab to high-volume commercial applications. In this report we focus on – and forecast – the use of metamaterials in the following application areas:
- Aersospace and defense
- Consumer wireless communications
- Infrastructure monitoring
Eight-Year Forecasts Metamaterials
This report contains detailed forecasts of volume (in square meters and units) and revenue (in $ millions), broken down by:
- End application
- Type of metamaterial
- Product type
Profiles of Key Players
This report evaluates the product/market strategies of the leading suppliers in the space. Firms that are discussed in this report include
- Alps Electric
- Applied Em
- Colossal Storage Corporation
- Echodyne Corporation
- Fractal Antenna Systems,
- Harris Corporation
- Inframat Corp.
- Jem Engineering
- Kymeta Corporation
- Luminus Devices
- Medical Wireless Sensing
- Metamaterial Technologies
- Microwave Measurement Systems
- Newport Corp.
- NKT Photonics
- Photeon Technologies
- Photonic Lattice Inc.
- Sandvik Materials Technology
E.1 Four reasons why metamaterials is a current opportunity: up from cloaking
E.1.1 Metamaterials enables consumer electronics
Chapter Two: Metamaterials: Technology and Products
Chapter Three: Markets for Metamaterials
Markets for Metamaterials 2016-2023
Glen Allen, Virginia: Industry analyst firm n-tech Research today announced the release of a new report titled “Metamaterials Markets: 2016-2025” that states that the market for metamaterials used for communications, medicine, defense, aerospace, sensing and other applications will exceed $1.0 billion by 2021 and reach $4.1 billion by 2025.
Details about the report are available at: http://ntechresearch.com/market_reports/markets-for-metamaterials-2016-2023
This is the latest deliverable from n-tech’s smart materials research program. Other n-tech reports from 2015 have covered smart windows, smart coatings, smart surfaces, self-healing materials, self-cleaning materials, smart antimicrobials, hydrophobic materials, color-shifting coatings and smart textiles. n-tech has provided information for the smart materials business for over six years.
About the report:
n-tech believes that recent successes of Kymeta and other smaller companies suggest the efforts of technologists to solve metamaterials’ technical problems are bearing fruit. Government agencies continue to dominate metamaterials funding, but venture capitalists are now taking an interest and metamaterials are now also refocusing on large addressable markets such as consumer electronics and medical imaging.
n-tech therefore believes that there is an opportunity to turn metamaterials into a real business with profits for both start-ups and multinational materials and electronics firms. There are many accessible patents in the metamaterials space which we believe will also help to facilitate growth in this area.
With this in mind, n-tech is publishing this report which identifies the current and future commercial potential of metamaterials. Most of today’s activity is in the area of electromagnetic metamaterials, but this report also analyzes the future markets for terahertz, tunable, optical, non-linear and frequency-selective surface (FSS) metamaterials.
The new study also contains detailed ten-year market forecasts of metamaterials in revenue and volume terms with breakouts by type of metamaterials, as well as the end-user sector in which they are sold. These forecasts identify actual commercial activity, not just government investments which are often included in revenues by metamaterials from other industry analyst firms.
Also included is coverage of the product/market strategies of leading firms in this sector including: Airbus, Alcatel-Lucent, BMW, Boeing, Echodyne, Eureka, Evolve, Fractal Antenna Systems, Harris, Honeywell, HP, Kymeta, Kyocera, Labcraft, Lamda Guard, Lamda Lux, LG, Lockheed Martin, Mediwise, Metamaterials Technologies, Murata, Nano meta, NEC, NED, Netgear, Philips, Rayspan, Raytheon, Samsung, Sharp
TE Connectivity, Toyota, Vacuumschmelze and Xerox.
Today almost 95 percent of the revenues in the metamaterials space comes from electromagnetic metamaterials. However, the commercial success of electromagnetic metamaterials will result in increased funding for other metamaterials. For example, photonic metamaterials, although a tiny market now will reach $500 million in 2025 with sales to telecommunications, display and defense markets. Photonic metamaterials will become a key enabler making photonic communications almost as ubiquitous as electromagnetic communications is today, through reduction of size, weight, and complexity of optical systems.
Although the focus of metamaterials R&D has been on aerospace and defense, this R&D will not yield significant revenues until after 2019– by 2021 revenues from metamaterials for aerospace and defense will reach almost $490 million. Most of these revenues will come from antennas for advanced satellite and wireless communications. “Cloaking devices” which made metamaterials so famous in the past, will remain futuristic.
n-tech Research is the rebrand of NanoMarkets. Our firm is a recognized leader in industry analysis and forecasts in smart materials. Visit http://www.ntechresearch.com for a full listing of the firm's reports and other services.
posted Dec 15, 2015