The global metamaterials market was valued at US$ 238.9 million in 2018, and is projected to reach US$ 4,578.4 million by 2027, exhibiting a CAGR of 39.5% over the forecast period, according to Global Metamaterials Market Report, by Product Type (Electromagnetic, Terahertz, Tunable, Photonic, and Frequency Selective Surface (FSS)), by Application (Antenna and Radar, Sensor, Cloaking Devices, Superlens, Light, and Sound Filtering), by End-use Industry (Healthcare, Telecommunication, Aerospace and Defense, Electronics, and Automotive), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.
Metamaterials are an artificial structural elements, which are designed to achieve advantageous and/or unusual (electromagnetic) properties. Metamaterials are majorly associated with the negative refraction and this property has gained substantial attention because of its potential for cloaking invisibility devices and microscopy with super resolution. Possessing customized dielectric properties and tunable responses they allow for excellent flexibility in a range of applications, their use enabling the manipulation of fields and waves at a subwavelength scale.
Moreover, metamaterials are majorly get preferred due to its property of affecting electromagnetic radiation or sound and allowing engineers to manipulate wave propagation by modifying unit cells in different ways.
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Key Trends and Analysis of the Global Metamaterials Market:
Key Takeaways o the Market:
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