TMCnet News
Global Metamaterials Market - Key Drivers and Forecast from TechnavioTechnavio analysts forecast the global metamaterials market to grow to USD 1.79 billion by 2021, at a CAGR of more than 22% over the forecast period, according to their latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170519005585/en/ 
Technavio has published a new report on the global metamaterials market from 2017-2021. (Graphic: Business Wire) The research study by Technavio on the global metamaterials market for 2017-2021 provides a detailed industry analysis based on the applications (communications, imaging, solar, and acoustic) and geography (the Americas, EMEA, and APAC). Metamaterials are materials developed using a combination of elements ranging from plastic to metals to impart them with unique and superior properties that cannot be exhibited by any conventional material. The major advantage of metamaterials is that their atoms can be arranged as per specific applications, which makes it user-friendly and also extends the functionalities beyond standard materials and alloys. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio analysts highlight the following three factors that are contributing to the growth of the global metamaterials market:
Advent of IoT driving the exponential growth of ireless computing devices Many end-users across the globe require high-performance devices with reliable and highly portable computing platforms, with connectivity options such as Wi-Fi, 3G, 4G, and Bluetooth for easy data exchange and transfer. The market for the Internet of Things (IoT) is growing at a rapid pace with an estimated 30 billion connected devices by 2020. "The IoT technology enables devices to collect and transmit data using sensors, antennas, and actuators from wireless computing devices to a central location on a real-time basis. These devices need high-quality antennas, which requires metamaterials," says Sunil Kumar Singh, a lead analyst at Technavio for embedded systems research. Growing number of internet users The number of internet users increased almost seven-fold from 6.5% to 43% of the global population in between 2000 and 2015. 3G mobile broadband networks are expanding into rural areas as well to ensure high-speed internet access to all population demographics. It is expected the internet user penetration in rural areas will expand rapidly during the forecast period. This growing wireless infrastructure worldwide is leading to the increased use of metamaterial antennas that are needed to support the wireless networks. Increased investments in R&D A majority of the revenue in the metamaterials market is generated from the R&D divisions of the end-users as the technology is yet to be commercialized on a large scale. As metamaterials exhibit exotic properties, its potential application areas are vast. In 2016, metamaterials were being researched in several electromagnetic applications including microwave applications and optical regime applications. "The research for metamaterials is on the rise due to its superior characteristics such as permittivity and permeability. Metamaterials are used in radiating and scattering systems where the size, efficiency, bandwidth, and directivity can be manipulated using these materials," says Sunil. Browse Related Reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports covering segments like displays, embedded systems, and sensors. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170519005585/en/ |
