Global Metamaterials Market to Exceed US$1.2 bn by 2020, Impelled by Surge in Wireless Mobile Communication Services
The global metamaterials market will exhibit a CAGR of 21.6% from 2014 through 2020. The market was valued at US$322.6 mn in 2013. It is expected to reach US$1.27 bn by the end of 2020, according to a research report released by Transparency Market Research. The report is titled, “ Metamaterials Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 ”. According to the report, the global metamaterials market is being propelled by a rising demand for wireless mobile communication. The market is also flourishing due to a demand for increasing the efficiency of solar PV cells, along with a growing interest in investments by venture capital firms.The future of the global metamaterials market also lies in medical applications through the use of graphene-based metamaterials. Even so, the global metamaterials market is hampered by the lack of awareness regarding the commercial uses of metamaterials. Another hindrance to the glob...