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Market Report on Artificial Materials Market worth $643 Million by 2025

Few of the major companies profiled in the report are Kymeta (U.S.), Applied EM (U.S.), Teraview (U.K.), JEM Engineering (U.S.), Plasmonics Inc. (U.S.), and Microwave Measurement Systems LLC (U.S.).

Aerospace and defense segment holds the key for an exponential growth of the metamaterials market as many metamaterial based applications are expected to emerge out for this segment such as cloaking devices, radomes, and antennas. Although these are in the development stage and applications like cloaking are still almost a decade away, the R&D activities by the U.S. Department of defense (DOD) and federal agencies like DARPA along with the major U.S. universities such as Caltech, to develop the aforementioned devices on a large scale arefuelling up the activities in these segments. Invisibility cloaks will enable the U.S. military to turn the concept of ‘invisible army’ into a reality. The DOD has also phased out many projects through Small Business Innovation Research/Small Business Technology Transfer (SBIR/SBTT) program to innovate and develop more applications based on metamaterials for the aerospace and defense segment.

Browse 69 Market Data Tables and 28 Figures spread through 175 Pages and in-depth TOC on "Metamaterials Market"

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A spin-off of Intellectual Ventures, Kymeta plans to commercialize the Metamaterial - Surface Antenna Technology (M-SAT) to be used for next generation satellite communications for mobile and fixed applications. This technology is based on metamaterials and dynamically guides the beam toward the satellite with no moving parts, thereby providing users with more flat, light in weight, thin, efficient, and less expensive antennas. The company is also developing metamaterial based fixed antennas along with antenna modules for moving platforms such as airplanes, automobiles, and vessels. Kymeta aeronautical terminal is one of a kind as it enables the delivery of broadband Internet access to passengers on commercial airlines.

The biggest advantage for Kymeta is that being a spin-out of Intellectual Ventures, it already has a large patent portfolio of metamaterial based technologies, thus giving an edge over its competitors. The company has also received fundingfrom big investment firms such as Lux Capital and also from Bill Gates, the ex-CEO of Microsoft, thereby allowing the company to build a strong foundation for itself.

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As a part of the recent strategic development, the company demonstrated its flat-panel metamaterial based antenna at the Satellite 2014 in Washington DC. Kymeta also tied up with O3b Networks and Inmarsat PLC to develop flat panel antennas for satellite communication,which is a concrete step toward the commercialization of metamaterials concept.

The report's detailed segmentation by type of metamaterial, by devices, by application, and by geography covers all the market-ready as well as under-development metamaterials in the market. The major types that have been extensively covered in the report are electromagnetic, terahertz, photonic, tunable, frequency selective surface-based and nonlinear metamaterials.

The Metamaterial Market statistics are given by the type of metamaterial, devices, application, and geography. Few of the much talked about metamaterial devices such as antennas, superlens, cloaking devices, and absorbers have been discussed in detail, along with their potential market value during the forecast period. The application segmentation of the market covers all the major applications like Aerospace and Defense, Medical Instrumentation, Optics, Sensing, and Telecommunication.

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