Global Market for Metamaterials to Reach $1.9 Billion by 2021
The global market for metamaterials was worth $222.3 million in 2010 and $256.1 million in 2011. Analysts expect the market to grow to $758.7 million by 2016, a compound annual growth rate (CAGR) of 24.3% since 2011, and to reach $1.9 billion by 2021, a CAGR of 19.6% between 2016 and 2021.
- (1888PressRelease) January 24, 2012 - ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Metamaterials: Technologies and Global Markets".
In October 2006, David R. Smith of Duke University and other researchers announced that they had created an "invisibility shield." Using concentric rings of fiberglass, circuit boards that had been printed with millimeter-scale metal wires, and C-shaped split rings, the researchers were able to divert microwaves around a metal cylinder placed at the center of the ring. The microwaves behaved as though there was nothing there.
In principle, there is no reason why a similar device that cloaks an object from visible light could not be built, although such a visible-light cloak is probably years away from becoming a reality. While not yet exactly the stuff of science fiction, the invisibility cloak is probably the most dramatic demonstration so far of what can be achieved with metamaterials, which are composites made up of precisely arranged patterns of two or more distinct materials.
Metamaterials offer seemingly endless possibilities, but it is unlikely that all of these possibilities will become reality. The goal of this report is to survey emerging metamaterials technologies and applications, identify those that are most likely to achieve significant commercial sales in the next 5 to 10 years, and develop quantitative estimates of potential sales. The report generally avoids futuristic speculation concerning technology applications that might be possible 10 years or further into the future and instead focuses on applications that are expected make it to market by 2021.
The report's specific objectives, which include identifying the metamaterials with the greatest commercial potential in the 2012 to 2021 time frame, identifying market drivers and evaluating obstacles to their successful commercialization, and projecting their future sales, support this broad goal.
The information in the report is organized around specific technologies, but it is largely non-technical in nature and coverage. Therefore, it is less concerned with theory and jargon, and more concerned with products that work, the amount of a particular product the market is likely to purchase, and the price consumers are willing to pay.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' website. View the report: http://www.electronics.ca/publications/products/Metamaterials%3A-Technologies-and-Global-Markets.html
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