Report Highlights
BCC estimates the global market for metamaterials was worth $222.3 million in 2010 and $256.1 million in 2011. BCC expects the market to grow to $758.7 million by 2016, a compound annual growth rate (CAGR) of 24.3% since 2011, and to reach nearly $1.9 billion by 2021, a CAGR of 19.6% between 2016 and 2021.
Report Scope
This report addresses the emerging global market for metamaterials, including the following classes. The common thread uniting this diverse group of materials is that they are all artificial materials with characteristics usually not found in nature, and they owe these characteristics to their structure rather than to their constituent element or elements.
- Artificial dielectrics
- Negative refraction media
- Active terahertz (THz) materials (i.e., metamaterials that respond magnetically to far-infrared or THz electromagnetic radiation)
- Chiral materials
- Photonic crystals
- Superconducting metamaterials
- Extreme-parameter metamaterials (i.e., metamaterials whose internal structure has been modified or engineered on a molecular or nanoscale level to impart extraordinary strength, flexibility, or other characteristics)
- Acoustic metamaterials
The study format includes the following major elements:
- Executive summary
- Definitions
- General properties of metamaterials
- Historical milestones in the development of metamaterials
- Emerging and developmental metamaterials technologies and applications that demonstrate the greatest commercial potential through 2021
- Detailed market estimates and projections for each application and material during the period from 2011 to 2016
- General assessment of expected market trends in the longer term (i.e., 2016–2021)
- Patent analysis
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
- The global market for metameterials applications was worth $164.2 million in 2007 and an estimated $190.7 million in 2008. This should reach $2.6 billion in 2013, a compound annual growth rate (CAGR) of 26.5%.
- Electromagnetic metamaterials dominate the market, generating an estimated $102.5 million in 2007. This is expected to increase to $117.5 million in 2008 and $316.2 million in 2013, for a CAGR of 21.9%.
- Extreme parameter and other metamaterials have the second largest market share, worth $61.7 million in 2007 and an estimated $73.2 million in 2008. This should increase at a CAGR of 32.7% to reach $301.4 million in 2013.
Related Reports
Advanced Structural Carbon Products: Fibers, Foams & Composites
The U.S. market for structural carbon materials was worth nearly $2 billion in 2010. This figure is expected to increase to $2.1 billion in 2011 and $2.8 billion in 2016, a compound annual growth rate (CAGR) of 6.3% over the next 5 years.
Advanced Ceramics and Nanoceramic Powders
The U.S. consumed more than $3.1 billion worth of advanced and nanoscale ceramic powders in 2010. Consumption is projected to increase to nearly $3.4 billion in 2011 and $5.4 billion in 2016, a projected compound annual growth rate (CAGR) of 9.9% between 2011 and 2016.
Graphene: Technologies, Applications, and Markets
BCC expects the first commercially significant sales of graphene products to develop before 2015 when the market is projected to be as large as $67 million. The graphene market should start to take off after 2015, reaching nearly $675 million by 2020, reflecting a 58.7% compound annual growth rate (CAGR) between 2015 and 2020.
Recent Reports
Global Markets for Advanced Aerospace Materials
The global market for advanced aerospace materials is estimated to increase from $29.2 billion in 2024 to reach $42.9 billion by 2029, at a compound annual growth rate (CAGR) of 8.0% from 2024 through 2029.
High-performance Ceramic Coatings: Global Markets and Technologies
The global market for high-performance ceramic coatings is expected to grow from $10.5 billion in 2024 and is projected to reach $13.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Activated Carbon: Types and Global Markets
The global market for activated carbon is expected to grow from $6.6 billion in 2024 and is projected to reach $10.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period of 2024 to 2029.
Global Markets and Technologies for Smart Glass
The global market for smart glass is expected to grow from $6.2 billion in 2024 to reach $10.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.7% from 2024 through 2029.
2023 Advanced Materials Research Review
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. These Research Reviews include portions of several market research reports that were published in 2023.
Top Trending Reports
Global Diabetic Care Devices Market
The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
2024 Semiconductor Manufacturing Research Review
This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
2024 Medical Devices Research Review
The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More