The global Metamaterials market is segmented on the basis of the type of product, application, and region. The analysts authoring the report provide a meticulous evaluation of all of the segments included in the report. The segments are studied keeping in view their market share, revenue, market growth rate, and other vital factors. The segmentation study equips interested parties to identify high-growth portions of the global Metamaterials market and understand how the leading segments can grow during the forecast period.

Metamaterials are also called as left handed materials, i.e. the periodic materials resonant structure that can exhibit both negative permittivity and permeability. Metamaterials are specifically engineered composite materials, which possess a superior electromagnetic property compared to conventional composite materials found in the nature. The metamaterial is arranged in a repeating pattern, of materials which are for manufacturing of metamaterial. Due to shape, geometry, size, orientation, and arrangement, metamaterials possess the property that can manipulate the electromagnetic waves by blocking, absorbing, enhancing, or bending waves, to achieve benefits that go beyond what is possible with conventional materials.

Increasing investment by public and private entities is expected to be a major factor driving the market growth. For instance, in June 2018, Metaboards Limited (a metamaterials start-up based in U.K.) raised US$ 5 million in funding for development of metamaterials. Metamaterials are in high demand for application in medical and telecommunication sector. These are widely used in the development of metamaterial lenses, antennas, and sensors, owing to its rare properties. Metamaterial lenses, antennas, and sensors are more efficient than conventional systems. Increasing demand for grapheme-based metamaterials for application in the medical field such as medical imaging, radiation shields, microwave hyperthermia, and wireless strain sensing is fueling growth of the metamaterials market. Sensors and microwave antennas are the prime components in telemetry system, owing to their electromagnetic properties. Metamaterials also find application in solar cells and optical sensors, owing to its ability to absorb light.

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The global metamaterials market is expected to witness significant growth during the forecast period (2019–2027). The market growth is attributed to increasing adoption of metamaterials in the aerospace, defense, and military high-end applications is also expected to boost the market growth. Furthermore, increasing demand for metamaterials for different information & communication technology applications such as communication antennas and small radars is another factor driving the growth for metamaterials market during the forecast period.