Commenting on the report, an analyst from TechNavio’s Clean Tech team said: “The increase in Research and Development activities to achieve technological advancements in metamaterial is one of the key positive trends in the Global Metamaterial market. Research on metamaterial is being conducted by various large organizations and enterprises such as Toyota Central Research and Development Labs. These Research activities not only focus on the development of metamaterial design procedures, such as topology design, but have also led to the development of various microwave and millimeter-wave metamaterial applications in products such as resonators, couplers, small antennas, negative refractive index lenses, and absorbers.”
According to the report, the variety in the design functionalities of metamaterials is one of the major driving factors for market growth. The positive attributes of metamaterials, which have been achieved through innovations in the design process, are increasing the scope for using metamaterials in various industries for various applications, which is driving the growth of the market.
Further, the report discusses that one of the major challenges confronting the market is the issues associated with resonant metamaterials.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/content/global-metamaterial-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Clean Tech market research, please visit http://www.technavio.com/clean-technology
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