Metamaterial Medium Market By Industry Growth Factors, Types and Applications Forecasts 2018-2022 Metamaterial Medium Market is expected to garner $1,387 million by 2022, registering a CAGR of 39.7% during the forecast period 2016-2022. Metamaterial mediums are defined as macroscopic composites possessing a man-made, three-dimensional, periodic cellular architecture designed to produce an optimized combination, not available in nature, of two or more responses to a specific excitation. They show exceptional physical properties such as negative permeability and permittivity. The significance of metamaterials is that they allow engineers to manipulate wave propagation by arranging the unit cells in different ways. For example, though copper is a good conductor and appears bronze in color, a metamaterial designed out of copper can be engineered to be an insulator and reflect yellow. Major factors that drive the market growth are capital investment from public and private sources and highly skilled researchers for product commercialization. In addition, the unique engineered properties of metamaterial mediums are not found in nature, making them inherently valuable. However, inefficient research despite huge investment is expected to restrain the market growth. Metamaterial medium is defined as a macroscopic composite having a man-made, three dimensional, and periodic cellular architecture designed to produce an optimized combination, not available in nature, of two or more responses to a specific excitation. It possesses exceptional physical properties such as negative permeability and permittivity, and is often regarded as artificial medium with negative refractive index. The most efficient metamaterial medium possesses zero permeability and permittivity, and thus are best used to manufacture antennas to achieve high directivity. A metamaterial medium provides super-resolution in the far-field across image magnification, negative refraction of wavelengths, and enhanced spontaneous emission. Negative index metamaterial medium is an effective medium since it is made up of ordered macroscopic material, generally synthesized from the bottom up and yields emergent properties beyond its components as a single entity. The market for metamaterial medium has considerably increased in the recent past due to rise in demand for efficient sensing and transmitting systems across various end-use industries.
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