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Metamaterial Market is Expected to Grow at a CAGR of 21.74%, Reaching a Valuation of US$ 2058.89 Million from 2022-30 | Data by Contrive Datum Insights



Farmington, Jan. 26, 2023 (GLOBE NEWSWIRE) — The Metamaterial Market was worth USD 357.00 Million in 2022 and is expected to be worth USD 2058.89 Million by 2030, growing at a CAGR of 21.74% from 2023 to 2030. A metamaterial is an artificial substance with qualities that do not occur in nature. Multiple types of materials, such as metals, polymers, etc., are arranged in repeating patterns to create metamaterials. In contrast to natural composites, this one is manufactured in a laboratory and has a structure not found in nature. It possesses weird and unique features, such as electromagnetic properties.

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The odd physical features of metamaterials, such as negative permittivity and permeability and negative index of refraction, have prompted extensive research and development. A metamaterial is significant because it can alter the propagation of electromagnetic or acoustic waves. This allows engineers to modify the propagation of waves by altering the construction of unit cells. With the advancement of technology, the increasing usage of consumer electronics, and the expansion of the telecommunications industry, the market for metamaterials is projected to have a rapid expansion in the next years.

Metamaterial Market Recent Developments:

  • November 2020, Kymeta Corporation announces the availability of KymetaTM u8 and Kymeta ConnectTM for government and commercial purchases after November 30, 2020. This product helps companies meet their mobile communications needs by providing broadband satellite connectivity and cellular networks.
  • In November 2020, Metamterial Technologies Inc. started selling directly through its online store. Initially, the company is selling the metaOPTIX family of holographic film notch filters.
  • In October 2020, Echodyne Inc released the EchoGuard CR and RadarHub. The EchoGuard CR provides high performance, active beam steering, and 3D radar capabilities in urban and dense environments or locations with reduced range requirements. RadarHub simplifies the deployment and management of multiple radars.

Metamaterial Market Segmentation Analysis:

The market for metamaterials has been segmented into the electromagnetic, tunable, photonic, frequency-selective surface, terahertz, and other markets, each of which is based on a different type of material. The electromagnetic market contributed substantially to the total revenue in the year 2021. The structures that makeup metamaterials utilized in electromagnetic technology are, for the most part, manufactured with microwave and optical uses in mind. This is how metamaterials come to be used in this field. Additionally, countries in Asia-Pacific and the Middle East are devoting more resources to research on metamaterials, which is a significant contributor to the rising sales in this sector.

The global market for metamaterials can be broken down into several categories, such as absorbers, antennas, cloaking devices, super lenses, MRI, x-ray, and other markets, depending on how the materials are put to use. In 2021, the most money was made from the antenna section of the business. Antennas are gaining in popularity as a result of the shift toward nanotechnology that is occurring in the communication equipment industry, as well as the improvement that is occurring in Wi-Fi and communication satellite technology all over the world. Additionally, as digitalization expands in countries that are considered to be in the second or third world, an increase in the use of metamaterials is anticipated as a result of the increased interest in multiband antennas, which is driving the expansion of the market. This indicates that a greater amount of capital will be invested in the manufacturing of mobile phones.

Metamaterial Market Regional Outlook:

In 2021, the market for metamaterials was dominated by North America, which held a market share of 34.0% worldwide. The Asia-Pacific area and Europe finished in second and third, respectively, after the Americas. It is anticipated that the market for metamaterials would be most robust in Europe, followed by North America, during the course of the next few years. This is due to the fact that more money is being invested in research and development with the purpose of utilising metamaterials in a variety of various ways. For instance, in 2017, the Defense Advanced Research Projects Agency (DARPA), the United States Navy, and Lockheed Martin Corporation gave a combined total of US$ 8 million to Doug Werner, John L. McCain, and Genevieve H. McCain, chair professors in the Electrical Engineering department at Penn State, to assist them in their research on metamaterials. The market for metamaterials in the Asia-Pacific region is the one that is increasing at the fastest rate in terms of revenue.

During the period covered by the projection, it is anticipated that Europe would experience significant economic expansion. Several nations in Europe, such as France, Germany, and Sweden, are major hubs for the research and development of various medical devices that are used all over the world. The sector of health care is experiencing rapid expansion across Europe. The expansion of technology capabilities in the healthcare sector is driving growth in the metamaterials industry in Europe. For instance, metamaterials are currently being utilised in the diagnosis of life-threatening diseases like cancer, as well as in the enhancement of the quality of MRI (magnetic resonance imaging) and other imaging techniques used in medicine.

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Scope of Report:

Report Attributes Details
Growth Rate 21.74% from 2023 to 2030
Market Size in 2022 USD 357.00 Million
Revenue Forecast by 2030 USD 2058.89 Million
By Type Electromagnetic Metamaterial, Frequency band Metamaterial, Terahertz metamaterial, Photonic Metamaterial, Tunable Metamaterial, Plasmonic metamaterial, Other
By Applications Antenna, Solar panel, Sensors, Absorber, Medical Imaging, Superlens, Seismic protection, Sound filtering, Other
By Companies Metamaterial Technologies Inc., Plasmonics, Inc., Kymeta Corporation, Phoebus Optoelectronics LLC, Multiwave Technologies AG, MetaShield LLC, Echodyne, Inc., Nano-Meta Technologies, Inc., JEM Engineering, and Acoustic Metamaterials Group, Ltd.
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Metamaterial Market Dynamics:

Market Drivers:

Use of metamaterials in high-tech applications in aerospace, defence, and the military: For the military, aerospace, and defence industries to be able to communicate well, antenna technology needs to be improved. Communication that is reliable, efficient, and in real-time is essential for network-centric operations on the digital battlefield that needs to send accurate information to the right people. The antenna is an important part of defence, aerospace, and military systems that are sometimes overlooked.

Market Restraints

Infrastructure that isn’t good enough to make the products in large quantities: The big players in the industry still get most of their production from research universities. The structure of a metamaterial is what determines its properties, not the materials it is made of. So, metamaterials are made in different ways depending on how they will be used. Finding the right materials to meet the needs of an application can be hard. Because of this, making metamaterials is hard and takes a long time. Synthesis costs different amounts depending on the methods used to make it.

Market Opportunity:

5G’s progress: Antennas that use metamaterials will benefit from the development and use of 5G. People in the industry are working on creating Metamaterials that are based on antennas and could have good radiation patterns. This would make them great for more than just ultra-wideband applications and 5G communications.

Key Segments Covered:

Top Market Players:
Metamaterial Technologies Inc., Plasmonics, Inc., Kymeta Corporation, Phoebus Optoelectronics LLC, Multiwave Technologies AG, MetaShield LLC, Echodyne, Inc., Nano-Meta Technologies, Inc., JEM Engineering, and Acoustic Metamaterials Group, Ltd., among others., And Others.

By Material Type

  • Electromagnetic Metamaterial
  • Frequency band Metamaterial
  • Terahertz metamaterial
  • Photonic Metamaterial
  • Tunable Metamaterial
  • Plasmonic metamaterial
  • Other

By Application

  • Antenna
  • Solar panel
  • Sensors
  • Absorber
  • Medical Imaging
  • Superlens
  • Seismic protection
  • Sound filtering
  • Other

By End-Use Industry

  • Aerospace & Defense
  • Electronics & Telecommunication
  • Automotive
  • Power plants
  • Medical
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

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Artificial Intelligence

Confluence former executive joins fintech Premialab




James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business




Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions




PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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