#Metamaterials Market Research

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Metamaterials Market

Metamaterials Market Size, Share, Trends: Metamaterial Inc. Lead

Rising Adoption of Metasurfaces for Next-Generation Wireless Communications

Market Overview:

The global Metamaterials Market is projected to grow at a CAGR of 22.5% from 2024 to 2031, reaching a value of USD YY billion by 2031 from USD 890 million in 2024. North America currently dominates the market, accounting for 35% of the global share, driven by advancements in material development, patent filings, and high adoption rates across various industries. The market is rapidly expanding due to increasing demand for innovative materials in the telecommunications, defense, and healthcare sectors. Technological advancements in nanofabrication and the need for electronics miniaturization are further propelling market growth.

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Market Trends:

A significant trend in the Metamaterials Market is the rising adoption of metasurfaces, especially for next-generation wireless communications. This innovation is revolutionizing antenna design and signal processing, particularly for 5G and upcoming 6G technologies. According to the IEEE Antennas and Propagation Society, research articles on metasurface antennas have surged by 65% over the past three years. Leading telecom companies and research institutions are heavily investing in this technology. For example, a major global telecom equipment provider increased its R&D spending on metasurface antenna technology by 70% year-on-year in 2023, focusing on beam-forming and signal enhancement in 5G networks. Metasurfaces offer substantial benefits in wireless communications, including improved signal quality, extended range, and reduced power consumption.

Market Segmentation:

Electromagnetic metamaterials dominate the market due to their wide-ranging applications in communications and sensing. This segment accounts for more than YY% of the total market volume. Electromagnetic metamaterials are crucial for applications in telecommunications, radar systems, and imaging technology. Their ability to manipulate electromagnetic waves makes them indispensable for designing high-performance antennas and signal processing systems. Recent advancements in nanofabrication and 3D printing have broadened the scope of electromagnetic metamaterials, leading to increased patent filings and commercial endeavors in consumer electronics and other industries.

Market Key Players:

The Metamaterials Market is led by several key players driving innovation and market expansion. These include Metamaterial Inc., Kymeta Corporation, Metawave Corporation, Echodyne Corporation, Fractal Antenna Systems, Inc., Metamagnetics Inc., Phoebus Optoelectronics LLC, Plasmonics, Inc., TeraView Limited, and Colossal Storage Corporation. These companies focus on expanding their patent portfolios, improving manufacturing processes, and developing new applications to maintain their leadership positions.

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Protective Relay Market Segmentation and Competitive Analysis Report, 2030

The global protective relay market size was valued at USD 3,222.9 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% over the forecast period from 2023 to 2030.

As significant investments are channeled into infrastructure projects across various regions, there is a concurrent surge in energy consumption, propelling the popularity of smart grid technologies for effective energy management. Consequently, the demand for protective relays is expected to witness a notable rise, as they play a pivotal role in parallel systems to mitigate the risk of harm arising from potential system failures. The global increase in electricity demand, fueled by infrastructural developments and other contributing factors, is anticipated to drive the demand for safety equipment, including protective relays, in the forthcoming years.

Gather more insights about the market drivers, restrains and growth of the Protective Relay Market

Furthermore, there is a growing emphasis on power quality and reliability, acknowledging the potential implications of voltage fluctuations and frequency variations leading to equipment damage and power disruptions. These factors collectively underscore the increasing significance of protective relays in safeguarding and ensuring the stable operation of power systems.

The COVID-19 pandemic had a significant impact on the market for protective relays. As the pandemic disrupted global supply chains, manufacturers encountered challenges sourcing raw materials and components, resulting in delays in production and delivery of protective relays. The shift towards remote monitoring solutions during the pandemic also increased the interest in protective relays equipped with advanced communication and remote monitoring capabilities. As the pandemic situation improved in some regions and industrial activities resumed, there was a gradual recovery in demand for protective relays in various sectors.

Protective Relay Market Segmentation

Grand View Research has segmented the global protective relay market based on voltage, application, end use, and region:

Voltage Outlook (Revenue in USD Million, 2017 - 2030)

• Low Voltage

• Medium Voltage

• High Voltage

Application Outlook (Revenue in USD Million, 2017 - 2030)

• Feeder Protection

• Generator Protection

• Bus-Bar Protection

• Capacitor Bank Protection

• Breaker Protection

• Transformer Protection

• Others

End Use Outlook (Revenue in USD Million, 2017 - 2030)

• Infrastructure

• Industrial

• Government

• Power

• Others

Regional Outlook (Revenue in USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

• Asia Pacific

o Japan

o China

o India

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

• Middle East & Africa

o South Africa

o Saudi Arabia

o UAE

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global silicone sealants market size was valued at USD 4.03 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. 

• The global metamaterials market size was valued at USD 779.6 million in 2023 and is anticipated to grow at a CAGR of 18.8% from 2024 to 2030. 

Key Companies & Market Share Insights

Vendors in the market are undertaking numerous strategic initiatives, such as acquisitions and mergers, collaboration, new product development, and partnerships with other prominent players. Continuous R&D to offer product differentiation is expected to be the major success factor for industry participants. For instance, in May 2021, ABB launched a new addition to its Relion product family, the REX610. This advanced offering is designed to deliver secure, intelligent, and eco-friendly electrification solutions. The primary focus of the REX610 is to streamline safety and control for basic energy transmission applications, making them more accessible and efficient.

Key Protective Relay Companies:

• ABB

• Doble Engineering Company

• Eaton

• Fanox

• Mitsubishi Electric Corporation

• General Electric

• NR Electric Co., Ltd.

• Siemens

• Schneider Electric

• Schweitzer Engineering Laboratories, Inc.

• TIEPCO

• ZIV

• TOSHIBA CORPORATION

Recent Developments

• In February 2023, ABB introduced new functionality for the REX640, its all-in-one protection relay tailored for advanced power generation and distribution applications. This enhanced version can now serve as a high-speed transfer device (HSTD), offering continuous supervision of the main feeder. This process guarantees an optimal transfer with minimal disruption to the manufacturing process and eliminates the risk of equipment damage, ultimately leading to cost and time savings.

• In February 2023, Schneider Electric unveiled new product lines at its manufacturing facility in Bengaluru to meet the increasing demand for protection relays and IoT gateways for power quality digitization and management. These cutting-edge solutions are specifically designed to address the country's electrical infrastructure requirements, the imperative for building decarbonization, and the pursuit of energy efficiency.

• In December 2022, Siemens introduced an innovative Dual Powered Protection Relay-7SR46. As a key component of their extensive range of protection relays tailored for distribution and industrial grids, the Siemens Reyrolle 7SR46 offers dependable overcurrent and earth fault protection specifically designed for medium voltage transformer stations. This advanced relay ensures a reliable and secure operation of the transformer stations, safeguarding critical equipment and enhancing grid stability.

Order a free sample PDF of the Protective Relay Market Intelligence Study, published by Grand View Research.

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ACF LinZhiTechnology receives an award: Bionic Mechanics Metamaterials Research Center is officially recognized!

Recently, Foshan City Bureau of Science and Technology officially announced the 2024 annual list of Foshan City Engineering and Technology Research Center, of which there are 50 enterprise engineering and technology research centers in Nanhai, 3 non-enterprise engineering and technology research centers have been recognized as municipal engineering and technology research centers. Lin Zhi science and technology "Foshan city bionic mechanics metamaterials engineering technology research center" project honorably on the list, which marks the Lin Zhi science and technology in the field of bionic mechanics metamaterials research strength has been recognized by the authority.

This selection is not only a full affirmation of the ACF bionic cartilage technology independently developed by LinZhi Technology, but also a great recognition of the unremitting efforts of LinZhi Technology's scientific research team. Since its establishment, LinZhi Technology has always focused on the research and development and innovation of high-performance cushioning materials, with four basic laboratories, including bionic laboratory, chemical laboratory, mechanics laboratory and materials analysis laboratory. These laboratories focus on the research and development of new materials, the development of new formulas, the study of mechanical structure and the in-depth analysis of material composition, which is of great significance to the development and application of polymer cushioning materials, and the research and solution of impact and collision vibration problems.

The scientific research team of LinZhi Technology is led by academician Wang Bowei and gathers top experts and professors in many fields. With their rich scientific research experience and professional knowledge, they provide strong technical support and research and development guarantee for LINZHI TECHNOLOGY. Meanwhile, the team also actively cooperates with universities, hospitals and research institutes to jointly promote the scientific and technological progress and industrial development in the field of bionic mechanics metamaterials.

With advanced bionic cartilage technology and a strong research team, LinZhi Technology has made remarkable achievements in the industry. Previously, the company has been recognized as "Foshan Nanhai District Limit Impact Protection Engineering and Technology Research Center" and "Foshan Special Functional Materials Colleges and Universities Scientific and Technological Achievements Pilot Platform", fully demonstrating its strength in the transformation of scientific and technological achievements and innovation.

The establishment of "Foshan Bionic Mechanics Metamaterials Engineering and Technology Research Center" will further promote the in-depth research and innovation of Linzhi Technology in the field of bionic mechanics metamaterials. The company will continue to research and develop more high-performance, high value-added bionic mechanics metamaterials to meet the market demand for high-performance materials. At the same time, Lin Zhi Technology will also strengthen close cooperation with partners inside and outside the industry, and jointly promote the scientific and technological progress and industrial development in the field of bionic mechanics metamaterials.

400-6543-699

www.acf.com

[businessindustry]

Advance Material in Defense Market Forecast Research Report by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Advance Material in Defense Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Advance Material in Defense Market Trends share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Advance Material in Defense Market?

The advance material in defense market is expected to grow at a CAGR of 6.4% during the forecast period of 2024 to 2032.

What are Advance Material in Defense?

Advanced materials in defense are specialized materials designed for military use, offering superior performance in terms of strength, durability, and resistance to harsh conditions. These materials, including advanced composites, nanomaterials, and metamaterials, are used in aircraft, vehicles, body armor, and weapons. They are essential for enhancing the capabilities and effectiveness of defense systems, ensuring the safety and success of military operations.

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What are the growth prospects and trends in the Advance Material in Defense industry?

The advance material in defense market growth is driven by various factors. The market for advanced materials in defense is growing at a fast pace due to factors such as increased defense spending, advancements in technology, and the demand for materials that are both lightweight and high-performing. These advanced materials, which include composites, ceramics, and alloys, are used in various defense applications, such as aircraft, vehicles, body armor, and weapons systems. Market growth is being driven by the rising need for materials that offer superior strength, durability, and resistance to extreme conditions. Additionally, the development of innovative materials with enhanced properties is expected to create attractive opportunities in the market. Hence, all these factors contribute to advance material in defense market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

Aluminum Alloys

Titanium Alloys

Stainless Steel

Nickel-Based Superalloys

Cobalt-Based Superalloys

High-Strength Steel Alloys

Composite Materials

Tungsten and Tungsten Alloys

Beryllium

Magnesium Alloys

By Application

Laser & Microwave Communications

Avionics

Optical Radar Systems

Intelligence, surveillance and reconnaissance (ISR)

Light Detection and Ranging (LIDAR)

Electro-Optical Infrared (EO/IR) Systems

Photonics Lasers

Thermal Imaging

Weapon Systems

Market Segmentation by Region:

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Materion Corporation

Alpine Advanced Materials

Morgan Advanced Materials

Corning

Mitsubishi Chemical Group

Spirit AeroSystems

Permali

View Full Report: https://www.reportsandinsights.com/report/Advance Material in Defense-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Metamaterial Market Size Worth $1.35 Billion By 2025 | CAGR: 17.8%

The global metamaterial market size is expected to reach USD 1.35 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 17.8% over the forecast period, owing to Increasing demand from various end-use industries, including consumer electronics and medical, is driving the growth of the market. In addition, growing application scope in…

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Metamaterials Industry Analysis, Growth Overview And Segment Forecasts, 2014-2025

The global metamaterials market size was estimated at USD 316.0 million in 2016 and is expected to reach USD 1.35 billion by 2025, with a CAGR of 17.8%. Metamaterials are widely used in telecommunication and medical field. These materials are artificial having electromagnetic properties that may not be found in nature. The rare properties of metamaterial have led to the development of metamaterial antennas, sensors and lenses for minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a sensitive response to the dielectric media, strain, biological sensing applications and chemicals.

Metamaterials are artificial engineered materials that provide unique advantages over other conventional substitutes owing to properties that are not readily found in nature. They gain their distinctive properties from the structure of the homogeneities infused in them. Due to these factors, metamaterials have a long list of lucrative applications including invisible super lens, cloaking devices, absorbers and flat antennas which are highly impossible with traditional materials that are found in nature.

The growing demand for graphene based metamaterials in medical field is estimated to drive the market growth over the forecast period. Need for implementing wireless telemetry systems in medical field is expected to increase significantly increased owing to necessity for early diagnosis of infections or diseases and continuous intensive care monitoring of physiological parameters. Sensors and microwave antennas are major components of telemetry systems since they provide communication between the base station and patient. Metamaterials show electromagnetic properties at frequencies which is expected to attract interests form physicist and microwave engineers. These factors are anticipated to drive the market growth and provide a potential base to metamaterials in the next seven years.

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The global metamaterials market is driven by surge in wireless mobile communication, to improve the efficiency of solar photovoltaic cells and increasing investments by venture capital firms in the market. Metamaterials absorb a wide range of light with exceptionally high efficiency, which is expected to generate optical sensors and solar cells. These metamaterials can be extremely thin, saving weight and cost. Rising demand and awareness of benefits that solar cells provide to generate energy is expected to drive this technology. These materials can be extremely thin, saving both cost and weight.

Lack of inadequate customer awareness of metamaterials are expected to pose a major challenge to the global market. Technical difficulties coupled with high cost and time taken for development cycle can be attributed as major challenges to the growth of the global market.

Based on the metamaterial types, the global market is segmented into terahertz, acoustic, photonic, microwave and radio metamaterials, other types include infrared and ultraviolet metamaterials. Microwave and radio frequency electromagnetic metamaterials are expected to contribute the largest market share owing to increase in wireless broadband, mobile communications and technological advancements in communication infrastructure.

On the basis of product type. The market is segmented into super lens, antennas, absorbers and cloaking devices. Metamaterial antennas are expected to have the largest market share than other segments. They provide efficient performance and size, high tunable directivity, operational efficiency coupled with improved bandwidth and radiation. The fastest growing segment is attribute to cloaking devices. These devices are stealth technology that provides objects with wholly or partially invisible properties to the electromagnetic spectrum which are widely used in defense and aerospace.

Based on the application the global market can be segmented into medical, optic, sensing, radar, telecommunication and aerospace & defense. Radar and communication were the largest application segment in 2014 and are likely to dominate the market over the forecast period. Medical imaging is expected to grow at a significant growth rate owing to various innovations and product development in this field. Optics and sensing are expected to emerge as the fastest growing markets for metamaterials over the next seven years.

North America is expected to be the largest market for metamaterials owing to government research investments, particularly in communication infrastructure and defense sector. The intensity of active association between companies, universities and metamaterials technologies to develop various products for civilian use is estimated to drive the market demand in Asia pacific and Europe. Emerging economies such as Brazil, China, and India are highly investing in medical, defense and infrastructure to increase their economic development.

Key players in the global market are Applied EM, Kymeta, Teraview, Plasmonics Inc., JEM Engineering and Microwave Measurement Systems LLC. Other industry participants include Harris Corporation, Newport Corp. and Photonic Lattice Inc. Applied EM introduced tiny form factor antennas that reliably perform at low voltages and also developed enhanced electromagnetic simulation tools using asymptotic computational techniques.

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