Worldwide Metamaterial Technologies Market forecasts on regional growth, industry players and more

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Metamaterial Technologies Market Price,
Communication Industry Trends, Analysis from
2017 to 2024
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Global Market Scenario of Metamaterial
Technologies Industry

• The 2017 Metamaterial Technologies Market price
  forecast report focuses on regional growth for
  15 countries, leading industry companies,
  applications of Aluminum Alloys Market and more
  with an aim to help take business decisions.
• Metamaterial Technologies Market size will
  surpass USD 2.5 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.
• Growing need to improve the efficiency of solar
  photovoltaic (PV) cells is expected to drive the
  metamaterial technologies market in the forecast
  timeframe as the product has the ability to
  enhance the absorption capacity of solar cells.
• Rising demand for clean energy sources such as
  solar, wind, hydro, and tidal have led to a
  mounting necessity to increase the efficiency of
  solar cells. Many companies and research
  institutes have developed metamaterial products
  that can collect and absorb light from all angles
  and useful spectrums.

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Continue-

• The price of solar electricity is almost five
  times higher than that of coal generated
  electricity. Most of this cost can be attributed
  to the silicon layers in the solar cells. Adding
  a metamaterial thin film coating can reduce the
  price significantly and will make solar cells
  more affordable.
• Global solar PV cell revenue was more than USD
  110 billion and is projected to increase at a
  healthy rate driving the overall metamaterial
  technologies market in the forecast timeframe.
• The products ability to control the path of
  light and achieve negative refractive index has
  been used by the University of Central Florida
  (UCF) to create the first successful large-area
  invisibility cloak in 2014. Military and
  aerospace industries are on a look out for these
  types of cloaks and this may provide an
  incredible opportunity for metamaterial
  technologies market in future.
• Technical challenges pertaining to development of
  practical metamaterial products is a major
  challenge for manufacturers. A product based on
  these materials can only be successful if it is
  smaller and more closely packed than the target
  radiation wavelength.

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360 Industry Analysis

• Product Analysis-
• Metamaterial technologies market product
  segmentation has five categories including radio
  microwave, photonic, terahertz, acoustic, and
  others.
• Terahertz segment will likely generate revenue
  above USD 500 million by 2024. This segment will
  grow at a healthy rate in the forecast years
  owing to the product usage in security
  applications and medical imaging.
• Acoustic segment is anticipated to gain by a CAGR
  above 20 till 2024. Product demand for
  applications in audio systems, soundproofing
  coatings, thermal insulators, heat exchangers,
  vibration dampers, sonar technologies, etc. will
  drive the growth of this segment in the forecast
  timeframe.

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Regional Analysis Europe metamaterial
technologies market size will likely exceed USD
600 million by the end of 2024. The regional
market will be augmented by increased funding by
the European Commission on development and
research on metamaterial technologies, mostly in
solar and optics applications. Latin America
metamaterials market will experience gains due to
growing information technology and
telecommunications sector. The region will likely
generate revenue above USD 30 million by the end
of 2024. Competitive Analysis Metamaterial
technologies market is dominated by American
companies like Echodyne, Metamagnetics Inc.,
Kymeta Corporation, and Evolv Technologies. Other
key manufacturers include Alight Technologies,
Applied EM Inc., Colossal Storage Corporation,
Fractal Antenna Systems, Fianium, Inframat
Corporation, Medical Wireless Sensing Ltd.,
Luminus Devices Inc, Nanosteel Company, Sandvik
Materials Technology, and Opalux.
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Latest Research Report On Metamaterial
Technologies Market_at_ https//www.gminsights.com/in
dustry-analysis/metamaterial-technologies-market
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