Metamaterials Set To Generate Giga Bucks

Grand View Research predicts the global metamaterials market will be generating $1.35 Billion by 2025 at a CAGR of 17.8%, owing to increasing demand from various end-use industries, including consumer electronics and medical. In addition, growing application scope in the aerospace & defense industry is expected to further fuel the demand growth during the forecast period.

 

Metamaterials are composite materials specially engineered to have properties that are not found in nature and thus is used in formulation processes across various end-use industries. The key end-use industries include aerospace & defense, medical, automotive, consumer electronics, and energy & power.

Sponsored by Digi-Key

Analog Devices ADIS16500/05/07 Precision Miniature MEMS IMU Available Now from Digi-Key

The Analog Devices’ ADI ADIS16500/05/07 precision miniature MEMS IMU includes a triaxial gyroscope and a triaxial accelerometer. Each inertial sensor in the MEMS IMU combines with signal conditioning that optimizes dynamic performance.

 

In terms of revenue, the aerospace & defense accounted for the largest share of the industry revenues in 2016 and is anticipated to continue its dominance over the forecast period, projected to grow at a CAGR of 15.2%. The increasing need for advanced telecommunications and safety devices in the aerospace and automotive industries is expected to drive the industry growth.

 

Different types of metamaterials are used in the different application segments depending upon the requirement of the end use verticals. Metamaterials are also being used in the medical and energy & power industries, owing to its superior properties such as the ability to manipulate electromagnetic waves and provide better imaging in medical equipment.

 

The demand for metamaterials is expected to be primarily driven by the growth of the end-use verticals in the Asia Pacific region. The growth of the consumer electronics and aerospace & defense industries in the region is likely to have positive impacts on the overall industry growth during the forecast period. If your curiosity is piqued, you can browse the full research report with TOC.

Suggested Articles

Semiconductor Industry Association makes pitch for tax incentives and grants to chipmakers to compete with other countries as backed by lawmakers

The Semiconductor Industry Association sees significant uncertainty for chip sales in coming months, although May numbers were up by 6% globally.

Micron saw record SSD sales, as Broadcom warned of a reset in its wireless business