Hyperbolic metamaterials (HMMs) behave as a metal for certain polarization or direction of light propagation and behave as a dielectric for the other due to the negative and positive permittivity tensor components, giving extreme anisotropy. The material's dispersion relation in wavevector space forms a hyperboloid and therefore it is called a hyperbolic metamaterial. The extreme anisotropy of HMMs leads to directional propagation of light within and on the surface. HMMs have showed various potential applications, such as sensing, reflection modulator, imaging, steering of optical signals, enhanced plasmon resonance effects.