The report looks at how metamaterial designs enable devices that achieve much higher performance and efficiency than conventional offerings and predicts that the growth of metamaterial devices will come in 5G networks, autonomous vehicles, connected vehicles, and more. Metamaterials are being deployed for telecommunication antennas, electromagnetic sensors like radar and lidar, vibration damping, energy harvesting, and wireless charging.
Critically, says the firm, these metamaterial devices all use combinations of standard, existing materials. Moreover, advances in manufacturing technologies, from 3D printing to lithography, now enable startups to cost-effectively manufacture these devices at scale.
"Metamaterials enable electromagnetic and acoustic performance characteristics that no conventional design can match, and are finally becoming practical to manufacture and use," says Anthony Vicari, analyst at Lux Research and lead author of the report. "These performance advantages are especially valuable in communications antennas, as well as sensors such as radar and lidar. With the imminent rollout in 5G network infrastructure and devices, and the subsequent projected growth in connected and autonomous vehicles, metamaterials are becoming viable at just the right time to see rapid growth in these new markets."
The report offers a detailed technical and market landscape, as well as market forecasts across key application segments. Key takeaways of the report include the following:
- Metamaterial devices offer smaller size, greater energy efficiency, and more precise directionality and control. In many cases, metamaterial devices are not much more expensive to produce than conventional devices. As a result, once metamaterial options reach the market, conventional offerings are likely to become uncompetitive.
- The 5G segment will grow rapidly in the early 2020s with the rollout of new network infrastructure. Growth in the sensor market, especially for automotive, will take off in the late 2020s.
- The startup landscape has more than doubled in size in the past few years, reflecting accelerating innovation in this space and a larger underlying ecosystem of research groups familiar with the technology.
- Key early metamaterial