METAMATERIALS MARKET ANALYSIS

Regional Analysis

Global Metamaterials Market: Regional Insights

North America held a dominant position in the global metamaterials market in 2022.

North America held a dominant position in the global metamaterials market in 2022, accounting for 40.1% share in terms of market share, followed by Europe and Asia Pacific region. The metamaterials market in North America is expected to hold a dominant position, followed by Europe, over the forecast period. This is due to increasing funding for research & development for utilizing metamaterials across various applications. Among all the regions, in terms of revenue, the Asia Pacific metamaterials market is identified as the fastest-growing market, due to the growing focus on the development of new metamaterials for applications in telecommunication and power industries.

Europe is expected to witness significant growth over the forecast period. Several European countries such as France, Germany, and Sweden are major hubs for the global medical device development sector. The healthcare sector is growing rapidly in the European region. Technological advances in the medical field with the use of metamaterials for detecting severe diseases such as cancer, improving the quality of MRI (magnetic resonance imaging), medical imaging, and others are driving the growth of the metamaterials market in the European region. For instance, as per the reports published by the European Commission in March 2021, M-cube Metamaterials consortium from Europe would develop a disruptive metamaterials antenna technology for ultra-high field MRI.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East &  Africa: South Africa, North Africa, Central Africa, GCC Countries, Israel, and Rest of Middle East