The team notes that the global optical metalens market is projected to grow at a five-year compound annual growth rate (CAGR) of 75% to US$493 million ($633.7 million) by 2029. This is supported by demand across consumer electronics, AR/VR (augmented reality/virtual reality) and automotive sensing. “Penetration remains low, indicating a significant runway.”
Catalist-listed semiconductor optics firm MetaOptics could emerge as a scalable metalens player, says the Singapore research team at UOB Kay Hian.
“The group is differentiated by its focus on colour metalenses, positioning it to benefit from a high-growth market,” says the team in its March 31 report.
