The Global Market for Metamaterials and Metasurfaces to 2031

Published September 2021 | 134 pages, 36 tables, 56 figures | Table of contents

An updated version of this report is available here

Metamaterials applications will represent a multi-billion market within the next decade with product advances in radar and lidar for autonomous vehicles, telecommunications antenna, 6G networks, coatings, vibration damping, wireless charging, noise prevention and more.

Metamaterials are artificially engineered structures with exceptional material properties (acoustic, electrical, magnetic, optical, etc.). They comprise arrays of resonators that manipulate electromagnetic waves or sound in ways not normally found in nature. Possessing customized dielectric properties and tunable responses they allow for excellent flexibility in a range of applications, their use enabling the manipulation of fields and waves at a subwavelength scale.

Initial R&D in metamaterials has focused on cloaking and light manipulation, but the last few years has seen applications development in:

telecommunications
acoustics
sensors
radar imaging
optics (terahertz and infrared)
coatings & films
lidar systems for self-driving cars
medical imaging.

They are key materials for improving the performance and coverage of high-speed, 5G and future 6G networks. Reconfigurable intelligent surfaces (RIS) based on metamaterials for coating objects in the environment, such as walls, ceilings, mirrors and appliances, will operate as reconfigurable reflectors or transceivers for massive access when equipped with active radio-frequency (RF) elements. The reconfigurable surfaces would be able to provide more capacity to a user then they need it, with controlled energy consumption and circumscribed EMF to avoid interference from unconnected devices and to minimize their impact on the people around them.

There are now over 35 metamaterials product developers worldwide, who have received >$350 million in recent investment as the metamaterials market picks up again after a sluggish few years. Evolv Technology was valued at $1.7 billion when it went public in July 2021.

Report contents include:

Description of the global metamaterials and metasurfaces market in 2020.
Global revenue estimates to 2031 by markets.
Stage of commercialization for metamaterials applications, from basic research to market entry.
Market drivers, trends and challenges, by end user markets.
Metamaterials and metasurfaces roadmap.
Competitive landscape.
In-depth market assessment of opportunities for metamaterials in sound insulation, vibration damping, antennas, thermal management, wireless charging, transport communications, radar, sensors, autonomous vehicles, anti-reflective plastics, security screening, EMI, anti-reflection coatings, solar coatings, displays, soft materials and medical imaging.
In-depth profiles of 38 companies, including products, investments, partnerships and commercial activities. Companies profiled include Anywaves, Echodyne, Inc., Evolv Technologies, Inc., Fractal Antenna Systems, Inc, Kymeta Corporation, Lumotive, Phononic Vibes srl, Metamaterial, Inc. and Metawave Corporation.
Detailed forecasts for key growth areas, opportunities and user demand.
Revenues and activities by region.
Markets targeted, by product developers and end users.

1 INTRODUCTION 14

1.1 Aims and objectives of the study 14
1.2 Market opportunity analysis 14

2 RESEARCH METHODOLOGY 17

3 EXECUTIVE SUMMARY 18

3.1 Historical metamaterials market 18
3.2 Recent growth 18
3.3 Global market revenues, current and forecast 19
3.4 Regional analysis 22
3.5 Market opportunity assessment 23
3.6 Investment funding in metamaterials 27
3.7 Market and technology challenges 27
3.8 Industry developments 2020-2021 28

4 METAMATERIALS OVERVIEW 30

4.1 What are metamaterials? 30
- 4.1.1 Electromagnetic metamaterials 30
- 4.1.2 Metasurfaces 31
  - 4.1.2.1 Meta-Lens 32
  - 4.1.2.2 Metasurface holograms 33
  - 4.1.2.3 Invisibility cloaking and shielding 34
  - 4.1.2.4 Flexible metasurfaces 34
  - 4.1.2.5 Reconfigurable intelligent surfaces (RIS) 35
4.2 Types of metamaterials 35
- 4.2.1 Electromagnetic metamaterials 36
  - 4.2.1.1 Double negative (DNG) metamaterials 36
  - 4.2.1.2 Single negative metamaterials 36
  - 4.2.1.3 Electromagnetic bandgap metamaterials (EBG) 36
  - 4.2.1.4 Bi-isotropic and bianisotropic metamaterials 37
  - 4.2.1.5 Chiral metamaterials 37
- 4.2.2 Terahertz metamaterials 38
- 4.2.3 Photonic metamaterials 39
- 4.2.4 Tunable metamaterials 39
- 4.2.5 Frequency selective surface (FSS) based metamaterials 39
- 4.2.6 Nonlinear metamaterials 40
- 4.2.7 Acoustic metamaterials 40
- 4.2.8 Graphene in metamaterials applications 41
4.3 Technology Readiness Level (TRL) 42

5 MARKETS AND APPLICATIONS FOR METAMATERIALS 44

5.1 Global revenues for metamaterials, by market, 2017-2031 (Millions USD). 44
5.2 ACOUSTICS 46
- 5.2.1 Market drivers and trends 46
- 5.2.2 Applications 47
  - 5.2.2.1 Sound insulation 47
  - 5.2.2.2 Vibration dampeners 48
- 5.2.3 Market assessment, growth prospects and revenue estimates 49
  - 5.2.3.1 Global revenues for metamaterials and metasurfaces in acoustics, 2017-2031 50
5.3 COMMUNICATIONS 52
- 5.3.1 Market drivers and trends 52
- 5.3.2 Applications 52
  - 5.3.2.1 Antennas 52
  - 5.3.2.2 5G and 6G Metasurfaces for Wireless Communications 54
  - 5.3.2.3 Thermal management 55
  - 5.3.2.4 Wireless charging 56
- 5.3.3 Market assessment, growth prospects and revenue estimates 56
  - 5.3.3.1 Global revenues for metamaterials and metasurfaces in communications, 2017-2031 58
5.4 AUTOMOTIVE 60
- 5.4.1 Market drivers and trends 60
- 5.4.2 Applications 60
  - 5.4.2.1 Radar and sensors 60
  - 5.4.2.2 Autonomous vehicles 62
  - 5.4.2.3 Anti-reflective plastics 62
- 5.4.3 Market assessment, growth prospects and revenue estimates 63
  - 5.4.3.1 Global revenues for metamaterials in automotive, 2017-2031 64
5.5 AEROSPACE, DEFENCE & SECURITY 66
- 5.5.1 Market drivers and trends 66
- 5.5.2 Applications 66
  - 5.5.2.1 Stealth technology 66
  - 5.5.2.2 Radar 67
  - 5.5.2.3 Optical sensors 68
  - 5.5.2.4 Security screening 69
  - 5.5.2.5 Composites 69
  - 5.5.2.6 Windscreen films 70
  - 5.5.2.7 Protective eyewear for pilots 71
  - 5.5.2.8 Electromagnetic shielding 71
  - 5.5.2.9 Thermal management 71
- 5.5.3 Market assessment, growth prospects and revenue estimates 71
  - 5.5.3.1 Global revenues for metamaterials and metasurfaces in aerospace, defence and security 2017-2031 73
5.6 COATINGS AND FILMS 75
- 5.6.1 Market drivers and trends 75
- 5.6.2 Applications 75
  - 5.6.2.1 Cooling films 75
  - 5.6.2.2 Anti-reflection surfaces 76
  - 5.6.2.3 Optical solar reflection coatings 76
- 5.6.3 Market assessment, growth prospects and revenue estimates 76
  - 5.6.3.1 Global revenues for metamaterials and metasurfaces in coatings and films, 2017-2031 78
5.7 SOLAR 80
- 5.7.1 Market drivers and trends 80
- 5.7.2 Applications 80
- 5.7.3 Global revenues for metamaterials and metasurfaces in solar, 2017-2031 80
5.8 MEDICAL IMAGING 82
- 5.8.1 Market drivers and trends 82
- 5.8.2 Applications 82
  - 5.8.2.1 Radiation detectors 82
- 5.8.3 Global revenues for metamaterials and metasurfaces in medical imaging, 2017-2031 83
5.9 TOUCH SCREENS AND DISPLAYS 85
- 5.9.1 Market drivers and trends 85
- 5.9.2 Applications 85
  - 5.9.2.1 Stretchable displays 85
  - 5.9.2.2 Soft materials 86

6 COMPANY PROFILES 89

6.1 Acoustic Metamaterials Group Ltd. 89
6.2 Alphacore, Inc. 90
6.3 Anywaves 90
6.4 BlueHalo LLC 91
6.5 Droneshield Limited 92
6.6 Echodyne, Inc. 93
6.7 Emrod 94
6.8 Evolv Technologies, Inc. 95
6.9 EM Infinity 97
6.10 Filled Void Materials (FVMat) LTD 97
6.11 Fractal Antenna Systems, Inc. 98
6.12 Imuzak Co., Ltd. 100
6.13 Kymeta Corporation 100
6.14 Lumotive 103
6.15 Magment AG 105
6.16 Metaboards Limited 106
6.17 Metalenz, Inc. 107
6.18 Metamagnetics, Inc. 109
6.19 META® 109
6.20 MetaSeismic 111
6.21 MetaShield LLC 112
6.22 Metasonixx 113
6.23 Metawave Corporation 114
6.24 Multiwave Imaging 116
6.25 Nanohmics Inc. 116
6.26 Neurophos LLC 117
6.27 NIL Technology 117
6.28 NKT Photonics A/S 118
6.29 PARC 119
6.30 Phoebus Optoelectronics LLC 119
6.31 Phononic Vibes srl 120
6.32 Pixie Dust Technologies, Inc. 120
6.33 Pivotal Commware, INc. 121
6.34 Plasmonics, Inc. 122
6.35 Protemics GmbH 123
6.36 Radi-Cool, Inc. 123
6.37 Sonobex Ltd. 124
6.38 Specom Oy 125
6.39 Teraview Limited 126
6.40 Vadient Optics 127

7 MAIN METAMATERIALS RESEARCH CENTRES AND GROUPS 128

8 REFERENCES 129

List of Tables

Table 1. Market summary for metamaterials. 19
Table 2. Global revenues for metamaterials and metasurfaces, total, 2017-2031 (Millions USD), Conservative estimate. 20
Table 3. Global revenues for metamaterials and metasurfaces, by region, 2017-2031 (Millions USD). 23
Table 4. Market opportunity assessment matrix for metamaterials and metasurfaces applications. 25
Table 5. Investment funding in metamaterials and metasurfaces companies. 27
Table 6. Market and technology challenges in metamaterials and metasurfaces. 27
Table 7. Metamaterials and metasurfaces industry developments 2020-2021. 28
Table 8. Technology Readiness Level (TRL) Examples. 42
Table 9. Global revenues for metamaterials, by market, 2017-2031 (Millions USD). 44
Table 10. Metamaterials and metasurfaces in sound insulation-market drivers and trends. 46
Table 11. Market assessment for metamaterials and metasurfaces in acoustics. 49
Table 12. Market opportunity assessment for metamaterials in acoustics. 50
Table 13. Global revenues for metamaterials and metasurfaces in acoustics, 2017-2031 (Millions USD). 51
Table 14: Metamaterials and metasurfaces in communications-market drivers and trends. 52
Table 15. Unmet need, metamaterial solution and markets. 53
Table 16. Market assessment for metamaterials and metasurfaces in communications. 56
Table 17. Market opportunity assessment for metamaterials and metasurfaces in communications. 57
Table 18. Global revenues for metamaterials and metasurfaces in communications, 2017-2031 (Millions USD). 58
Table 19: Metamaterials and metasurfaces in the automotive sector-market drivers and trends. 60
Table 20. Market assessment for metamaterials and metasurfaces in automotive. 63
Table 21. Market opportunity assessment for metamaterials and metasurfaces in automotive. 63
Table 22. Global revenues for metamaterials and metasurfaces in automotive, 2017-2031 (Millions USD). 65
Table 23: Metamaterials and metasurfaces in aerospace, defence and security-market drivers and trends. 66
Table 24. Market assessment for metamaterials and metasurfaces in aerospace, defence & security. 71
Table 25. Market opportunity assessment for metamaterials and metasurfaces in aerospace, defence & security. 72
Table 26. Global revenues for metamaterials in aerospace, defence & security, 2017-2031 (Millions USD). 74
Table 27: Metamaterials in coatings and films-market drivers and trends. 75
Table 28. Market assessment for metamaterials and metasurfaces in coatings and films. 76
Table 29. Market opportunity assessment for metamaterials and metasurfaces in coatings and films. 77
Table 30. Global revenues for metamaterials and metasurfaces in coatings and films, 2017-2031 (Millions USD). 78
Table 31: Metamaterials and metasurfaces in solar-market drivers and trends. 80
Table 32. Global revenues for metamaterials and metasurfaces in solar, 2017-2031 (Millions USD). 81
Table 33: Metamaterials and metasurfaces in medical imaging-drivers and trends. 82
Table 34. Global revenues for metamaterials and metasurfaces in medical imaging, 2017-2031 (Millions USD). 83
Table 35: Metamaterials and metasurfaces in touch screens and displays-drivers and trends. 85
Table 36. Main metamaterials research centres and groups. 128

List of Figures

Figure 1. Global revenues for metamaterials and metasurfaces, total, 2017-2031 (Millions USD). 20
Figure 2. Global revenues for metamaterials and metasurfaces, by market, 2017-2031 (Millions USD). 21
Figure 3. Global revenues for metamaterials and metasurfaces, by region, 2017-2031 (Millions USD). 22
Figure 4. Metamaterials example structures. 30
Figure 5. Metamaterial schematic versus conventional materials. 31
Figure 6. Scanning electron microscope (SEM) images of several metalens antenna forms. 33
Figure 7. Transparent and flexible metamaterial film developed by Sekishi Chemical. 34
Figure 8. Electromagnetic metamaterial. 36
Figure 9. Schematic of Electromagnetic Band Gap (EBG) structure. 37
Figure 10. Schematic of chiral metamaterials. 38
Figure 11. Terahertz metamaterials. 38
Figure 12. Nonlinear metamaterials- 400-nm thick nonlinear mirror that reflects frequency-doubled output using input light intensity as small as that of a laser pointer. 40
Figure 13. Properties and applications of graphene metamaterials. 41
Figure 14. Technology Readiness Level (TRL) for metamaterials and metasurfaces. 43
Figure 15. Global revenues for metamaterials, by market, 2017-2031 (Millions USD). 45
Figure 16. Prototype metamaterial device used in acoustic sound insulation. 47
Figure 17. Metamaterials installed in HVAC sound insulation the Hotel Madera Hong Kong. 48
Figure 18. Robotic metamaterial device for seismic-induced vibration mitigation. 49
Figure 19. Global revenues for metamaterials and metasurfaces in acoustics, 2017-2031 (Millions USD). 50
Figure 20. Flat-panel satellite antenna (top) and antenna mounted on a vehicle (bottom). 54
Figure 21. META Transparent Window Film. 55
Figure 22. Wireless charging technology prototype. 56
Figure 23. Global revenues for metamaterials and metasurfaces in communications, 2017-2031 (Millions USD). 58
Figure 24. Metamaterials in automotive applications. 61
Figure 25. Lumotive advanced beam steering concept. 61
Figure 26. Illustration of EchoDrive operation. 62
Figure 27. Anti-reflective metamaterials plastic. 63
Figure 28. Global revenues for metamaterials and metasurfaces in automotive, 2017-2031 (Millions USD). 64
Figure 29. Metamaterials invisibility cloak for microwave frequencies. 67
Figure 30. Metamaterials radar antenna. 68
Figure 31. Metamaterials radar array. 68
Figure 32. Evolv Edge visitor screening solution. 69
Figure 33. Lightweight metamaterial microlattice. 70
Figure 34. metaAIR eyewear. 71
Figure 35. Global revenues for metamaterials in aerospace, defence & security, 2017-2031 (Millions USD). 74
Figure 36. Schematic of dry-cooling technology. 76
Figure 37. Global revenues for metamaterials and metasurfaces in coatings and films, 2017-2031 (Millions USD). 78
Figure 38. Global revenues for metamaterials and metasurfaces in solar, 2017-2031 (Millions USD). 81
Figure 39. A patient in MRI scan modified by metasurface. 82
Figure 40. Global revenues for metamaterials and metasurfaces in medical imaging, 2017-2031 (Millions USD). 83
Figure 41. Stretchable hologram. 86
Figure 42. Design concepts of soft mechanical metamaterials with large negative swelling ratios and tunable stress-strain curves. 87
Figure 43. Anywaves antenna products. CubeSat S-band antenna , CubeSat X-band antenna and UAV cellular antenna 91
Figure 44. RadarZero. 92
Figure 45. Schematic of MESA System. 93
Figure 46. Evolv Edge screening system. 96
Figure 47. FM/R technology. 98
Figure 48. Metablade antenna. 99
Figure 49. MTenna flat panel antenna. 101
Figure 50. Kymeta u8 antenna installed on a vehicle. 102
Figure 51. LIDAR system for autonomous vehicles. 104
Figure 52. Metamaterials film. 105
Figure 53. Metaboard wireless charger. 106
Figure 54. Orion dot pattern projector. 108
Figure 55. metaAIR. 110
Figure 56. Metamaterial structure used to control thermal emission. 122

The Global Market for Metamaterials and Metasurfaces to 2031

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The Global Market for Metamaterials and Metasurfaces to 2031

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Published September 2021 | 134 pages, 36 tables, 56 figures | Table of contents

An updated version of this report is available here

1 INTRODUCTION 14

2 RESEARCH METHODOLOGY 17

3 EXECUTIVE SUMMARY 18

4 METAMATERIALS OVERVIEW 30

5 MARKETS AND APPLICATIONS FOR METAMATERIALS 44

6 COMPANY PROFILES 89

7 MAIN METAMATERIALS RESEARCH CENTRES AND GROUPS 128

8 REFERENCES 129

List of Tables

List of Figures

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