Research and Markets: The Global Metamaterial Market to Grow at a CAGR of 24.27 Percent over the Period 2012-2016

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/svck44/global) has announced the addition of the "Global Metamaterial Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the variety in design functionality. The Global Metamaterial market has also been witnessing the increase in RandD. However, the issues of resonant metamaterials could pose a challenge to the growth of this market.

The key vendors dominating this market space are Alight Technologies ApS, Alps Electric Co. Ltd., Fianium Ltd., and Inframat Corp.

The other vendors mentioned in the report are JEM Engineering LLC, Luminus Devices Inc., Luxtera Inc., Omniguide Inc., Nanosteel Co. Inc., Newport Corp., NKT Photonics A/S, Opalux Inc., Photeon Technologies GmbH, Photonic Lattice Inc., Sandvik Materials Technology AB, TeraView Ltd., and VACUUMSCHMELZE GmbH and Co. KG.

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.

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