Global Information Inc. would like to present a new market research report, "Metamaterials: Technologies and Global Markets" by BCC Research.
The global market for metamaterials applications is estimated to be valued at $256.1 million in 2011 and is expected to increase to $758.7 million in 2016, a five-year compound annual growth rate (CAGR) of 24.3%. By 2021, the market should amount to nearly $1.9 billion, yielding a five-year compound annual growth rate of 19.6%.
The market for metamaterials applications can be broken down into three segments: electromagnetic, acoustic, and extreme-parameter and other.
The electromagnetic applications segment of the market, worth $160.6 million in 2011, is expected to increase at a CAGR of 20.7% to reach $412.2 million in 2016. By 2021, the segment should be worth nearly $1.2 billion, a five-year CAGR of 23.5%.
At this time, the acoustic segment of the market doesnt hold a significant value, and looking into the future, it wont for another 10 years, when in 2021, BCC predicts the segment will have a value of $45 million.
The extreme-parameter and other segment held an estimated value of $95.5 million in 2011. In 2016, the segment is expected to be worth $346.5 million after increasing at a CAGR of 29.4%, and in 2021, should be worth $630 million, a five-year CAGR of 12.7%.
Metamaterials can manipulate electromagnetic radiation in ways not readily observed in nature. For example, photonic crystals exhibit several properties, such as light diffraction, and have a number of commercial applications, such as in ultrabright light-emitting diodes (LEDs). There are other commercial applications of metamaterials, such as radio frequency (RF) metamaterial air interface solutions for high-performance wireless communications networks. Most practical applications of metamaterials technology, however, still lie in the future, such as magnetic metamaterials for ultrasensitive magnetic resonance imaging (MRI) detectors and acoustical metamaterials for noise barriers.
This report is intended specifically for marketing executives, entrepreneurs, investors, venture capitalists, and other readers who need to know where the emerging metamaterials market is headed over the next five to 10 years.