The Metamaterials Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The metamaterials market has seen significant growth in recent times. The market, which was worth $1.50 billion in 2024, is expected to reach a value of $1.92 billion in 2025. This represents a compound annual growth rate (CAGR) of 28.0%.
The Metamaterials Global Market is predicted to expand to a market size of $5.13 billion by the year 2029. The compound annual growth rate (CAGR) for this market is projected to be 27.8%.
Download Your Free Sample of the 2025 Metamaterials Market Report and Uncover Key Trends Now!The key drivers in the metamaterials market are:
• Growing demand for 5G technology
• Increasing use of metamaterials in quantum computing
• Rise in demand for wireless communication and radar systems
• Growing adoption of metamaterials in healthcare and medical applications
The metamaterials market covered in this report is segmented –
1) By Product: Electromagnetic, Terahertz, Photonic, Tunable, Frequency Selective Surface, Non-Linear
2) By Application: Communication Antenna And Radar (Beam Steering), Sensors, Solar Panel And Absorbers, Display, Medical Imaging, Wind Screen, Other Applications
3) By Vertical: Automotive, Aerospace And Defense, Consumer Electronics, Medical, Energy And Power, Other Verticals
Subsegments:
1) By Electromagnetic: Microwave Metamaterials, Radio Frequency (RF) Metamaterials
2) By Terahertz: Terahertz Cloaking Metamaterials, Terahertz Imaging Metamaterials
3) By Photonic: Negative Index Photonic Metamaterials, Plasmonic Metamaterials
4) By Tunable: Mechanically Tunable Metamaterials, Electrically Tunable Metamaterials
5) By Frequency Selective Surface: Bandpass Frequency Selective Surfaces, Notch Frequency Selective Surfaces
6) By Non-Linear: Kerr-Effect Metamaterials, Optical Non-Linear Metamaterials
The key trends in the metamaterials market are:
• The future of the metamaterials market is strongly influenced by advancements in automotive radar systems.
• The development of flexible metamaterials is a significant emerging trend.
• The industry is experiencing a shift towards the advancement of terahertz wave applications.
• There is growing influence of advancements in nanotechnology and artificial intelligence for material design.
Major players in the metamaterials market are:
• BAE Systems Inc.
• RTX Corporation
• Thorlabs Inc.
• NKT Photonics A/S
• Pivotal Commware Inc.
• Kymeta Corporation
• Moxtek Inc.
• Greenerwave
• Metamaterial Inc.
• Lumotive Inc.
• TeraView Limited
• Fractal Antenna Systems Inc.
• ALCAN Systems GmbH
• Metalenz Inc.
• Edgehog Advanced Technologies Inc.
• Phoebus Optoelectronics LLC
• Alight Technologies ApS
• 2Pi Inc.
• Etaphase Inc.
• Phomera Metamaterials Inc.
North America was the largest region in the metamaterials market in 2024