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Electromagnetic Metamaterials Market to Approach US$15B by 2034, Finds IDTechEx

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BOSTON, May 29, 2024 /PRNewswire/ — Metamaterials use regular engineered patterns of subwavelength structures to interact with waves. Electromagnetic metamaterials promise to have transformative effects within the fields of optics and telecommunications. They could make biometric recognition cheaper and more accurate, make virtual reality more immersive and comfortable, and facilitate high-speed mobile internet with zero signal blackspots, yet adoption is in its infancy.

In “Optical & Radio Frequency Metamaterials 2024-2034: Markets, Players, Technologies“, IDTechEx comprehensively examines the emerging technology of electromagnetic metamaterials in its second edition of this report. Drawing from interviews with companies across the value chain and IDTechEx’s existing research on optical, telecommunication, and emerging materials, the report evaluates the market for optical and radio-frequency (RF) metamaterials in various applications. It analyzes each application’s requirements and includes case studies of existing players.

The report identifies reconfigurable intelligent surfaces (RIS) in telecommunications and metalenses in smartphone cameras as significant opportunities. Through detailed segmentation, it presents a comprehensive overview of the status and market potential of each application. The forecast predicts the overall market to reach US$14.9B by 2034, driven by improved biometric sensing in smartphones via metalenses and increasing 5G mmWave rollout growing adoption of RIS.

Market for RF (Radio-frequency) metamaterials

RF metamaterials find applications across multiple sectors, including telecommunications, automotive, aerospace, and security. They can be utilized in Reconfigurable Intelligent Surfaces (RIS) to reflect, steer, and shield electromagnetic radiation, compensating for the reduced range associated with higher frequency signals. Additionally, in radar beamforming, RF metamaterials enable active steering of EM radiation to enhance angular resolution. This could be particularly beneficial for automotive radar systems. RF metamaterials can also be used for effective EMI shielding, enhancing security by preventing signal leakage, and can be frequency selective to create transparent shields. RF metamaterials also hold potential for medical sensing applications such as MRI scans and non-invasive glucose monitoring.

According to IDTechEx’s forecast, the largest market for RF metamaterials is forecasted to be in Reconfigurable Intelligent Surfaces (RIS) for 5G mmWave and future 6G communications. Both 5G mmWave and 6G offer significant advantages, including the potential for leveraging expansive bandwidth to support peak data flow ranging from gigabits to terabits per second and maintaining ultra-low latency.

However, utilizing high-frequency spectra presents challenges such as very short signal propagation range (cm range for above 100 GHz frequency) and line-of-sight obstacles. Addressing signal decay and establishing strong communication over reasonable distances is a priority for both technologies, especially in busy urban areas where consistent connectivity despite barriers is crucial.

Establishing numerous base stations is not cost-effective in providing adequate coverage for high-frequency spectra like 5G mmWave and 6G. In contrast, metamaterial RIS can reflect and direct signals to end users, increasing signal range and strength while consuming low energy. Additionally, integrating metamaterial-based coatings with windows can improve signal coverage by reflecting beams around obstacles in urban areas. These solutions provide wide area coverage and offer vast opportunities for materials integration.

Market for optical metamaterials

Relatively simple optical metamaterials based on biomimicry of moth-eye structures have a relatively long history of use as antireflective (AR) coatings in high-end camera lenses. However, metalenses fabricated using semiconductor industry processes are expected to have a huge impact, initially driven by their ability to improve the performance of computer vision systems.

In 2022, metalenses designed by fabless player Metalenz saw commercialization in time-of-flight (ToF) sensors from STMicro, marking the first commercial use of this technology. Here, metalenses improved light-gathering performance in a smaller package than the optics they replaced. The biggest value in metalenses comes in their ability to add additional optical functionality, such as allowing for polarization imaging in a very compact package. This has a huge potential application in facial biometrics for smartphones and could bring facial recognition to smartphones outside of Apple’s range in the near future, with Metalenz announcing sensor modules designed for this application in late 2023.

Metalenses based on liquid crystals are expected to have a significant impact in VR headsets, where they could be used to solve the vergence-accommodation conflict and help these devices pass the “visual Turing test”. Furthermore, active optical metasurfaces could contribute to making LiDAR more compact and broadening the markets where these sensors could be used.

The biggest limiting factor for metalenses is broad spectrum performance, but significant innovation in the design of the metasurfaces themselves and software compensation is expected to make them a more compact and lower-cost replacement for lenses in smartphone cameras within the next ten years. Ultimately, metalenses have the potential to disrupt many corners of the optics industry in the near future.

IDTechEx has been studying emerging materials and photonics technologies and their market opportunities for a decade, utilizing extensive primary research. “Optical & Radio Frequency Metamaterials 2024-2034: Markets, Players, Technologies” provides a comprehensive picture of the underlying technologies, manufacturing methods, and application opportunities of both optical and radio-frequency metamaterials.

To find out more about this IDTechEx report, including downloadable sample pages, please visit www.IDTechEx.com/Meta.

For the full portfolio of 5G, 6G, RFID and telecoms market research from IDTechEx, please see www.IDTechEx.com/Research/5G.

Upcoming free-to-attend webinar

Exploring the Transformative Potential of Electromagnetic Metamaterials

Sam Dale, Senior Technology Analyst at IDTechEx, and Dr Yu-Han Chang, Principal Technology Analyst at IDTechEx, will be presenting a free-to-attend webinar on the topic on Thursday 20 June 2024Exploring the Transformative Potential of Electromagnetic Metamaterials.

Key points covered will include:

A brief introduction to RF (radio frequency) and optical metamaterials, highlighting key market opportunitiesAnalysis of the emerging usage of metalenses, one of the most exciting applications of optical metamaterials, with important manufacturing processes potential challenges highlightedAnalysis of Reconfigurable Intelligent Surfaces (RIS), the most promising applications of RF metamaterials, with discussion on players, technology roadmap, key case studies, etcAdoption roadmaps for optical and RF metamaterialsOutlook for the electromagnetic metamaterials market

Please click here to check timings and register for your specific time zone.

If you are unable to make the date, please register anyway to receive the links to the on-demand recording (available for a limited time) and webinar slides as soon as they are available.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com

Images download:

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Media Contact:

Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com
+44(0)1223 812300

Social Media Links:

Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx

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View original content:https://www.prnewswire.co.uk/news-releases/electromagnetic-metamaterials-market-to-approach-us15b-by-2034-finds-idtechex-302157959.html

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Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

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OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.  

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites. 

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–eirik-lohre-appointed-permanent-cfo,c4344308

 

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LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

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LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

View original content:https://www.prnewswire.com/apac/news-releases/longport-whale-enters-malaysian-market-with-next-generation-trading-infrastructure-for-local-brokerages-302761411.html

SOURCE LONGPORT Whale

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Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

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Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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