- 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.
- The Electromagnetic segment of the market was estimated to be worth $140 million in 2010 and $160.6 million in 2011. BCC expects the market to grow to $412.2 million by 2016, a CAGR of 20.7% since 2011, and to reach nearly $1.2 billion by 2021, a CAGR of 23.5% between 2016 and 2021.
- The extreme-parameter and other segments were collectively estimated to be worth $82.3 million in 2010 and $95.5 million in 2011. BCC expects the market to grow to $346.5 million by 2016, a CAGR of 29.4% since 2011, and to reach nearly $630 million by 2021, a CAGR of 12.7% between 2016 and 2021.
Metamaterials: Technologies and Global Markets
No. of Pages: 150
STUDY GOALS AND OBJECTIVES
Metamaterials offer seemingly endless possibilities, but it is unlikely that all of these possibilities will become reality. The goal of this report, which is an update of an earlier BCC Research report published in 2008, is to survey emerging metamaterials technologies and applications, identify those that are most likely to achieve significant commercial sales in the next 5 to 10 years, and develop quantitative estimates of potential sales. The report generally avoids futuristic speculation concerning technology applications that might be possible 10 years or further into the future and instead focuses on applications that are expected make it to market by 2021.
The report’s specific objectives, which include identifying the metamaterials with the greatest commercial potential in the 2012 to 2021 time frame, identifying market drivers and evaluating obstacles to their successful commercialization, and projecting their future sales, support this broad goal.
INTENDED AUDIENCE
This report is intended specifically for marketing executives, entrepreneurs, investors, venture capitalists, and other readers who need to know where the emerging metamaterials market is headed over the next 5 to 10 years. The information is organized around specific technologies, but it is largely non-technical in nature and coverage. Therefore, it is less concerned with theory and jargon, and more concerned with products that work, the amount of a particular product the market is likely to purchase, and the price consumers are willing to pay.
The report has not been written specifically for scientists and technologists, but its findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications, should be of interest to them as well.
