The report offers market size and forecasts for all the above segments in terms of revenue (USD million). The report also covers the size and forecasts for the market in 16 countries across major regions. By end-user industry, the market is segmented into healthcare, telecommunication, aerospace and defense, electronics, and other end-user industries. By application, the market is segmented into antenna and radar, sensors, cloaking devices, superlens, light and sound filtering, and other applications. By type, the market is segmented into electromagnetic, terahertz, tunable, photonic, FSS, and other types. The Metamaterials Market is segmented by type, application, end-user industry, and geography. Metamaterials are engineered composites designed to alter the electromagnetic properties of materials to obtain responses that are not observed naturally. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period. North America dominated the market globally.The use of metamaterials in solar systems and metamaterial-based radars for drones will likely act as opportunities for the market studied.On the contrary, the inadequate infrastructure for large quantities of metamaterials and a lack of awareness of the benefits of metamaterials are likely to hamper the market growth.One of the major factors driving the use of metamaterials is increasing R&D activities for various applications in the aerospace and defense, telecommunication, and consumer electronics end-user industries, among others.However, the market gained momentum in 2021 and was expected to grow at a healthy rate. The Metamaterials Market was negatively affected due to the suspension of several ongoing projects and low investments in the automotive, defense, aerospace, and electronics industries. The Metamaterials Market is expected to register a CAGR of over 24% during the forecast period.ĬOVID-19 had a negative impact on the market.
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