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The Global Quantum Sensors Market is expected to reach $475.63 million by 2027 growing at a CAGR of 14.5% from 2020 to 2027. The field of quantum sensing deals with the design and engineering of quantum sources (e.g., entangled) and quantum measurements that are able to beat the performance of any classical strategy in a number of technological applications. This can be done with photonic systems or solid state systems. Quantum sensing utilizes properties of quantum mechanics, such as quantum entanglement, quantum interference, and quantum state squeezing, which have optimized precision and beat current limits in sensor technology and evade the Heisenberg uncertainty principle. Factors such as increasing research activities in the quantum field and growing investment in space communication are driving the growth of the market. However, high deployment and maintenance cost is restraining the growth of the market. Based on product, the atomic clock segment is going to have a lucrative growth during the forecast period which can be attributed to their rising popularity in several industrial domains because of its high accuracy. Also, atomic clocks are low cost, compact, and developed as per the international standards. They are extensively used as a part of compliant holographic technology and complex laser systems. The key vendors mentioned are Adcon Telemetry Gmbh, AdSense, ADVA, Apogee Instrument Inc., Biospherical Instruments Inc., GWR Instruments Inc., Impedans Ltd., METER Group, Microchip, M-Squared Lasers Limited, Networking (Oscilloquartz), Radix, Skye Instruments Ltd., Spectrum Technologies Inc., Technology (Microsemi), and Thomas Industrial Network Inc. Products Covered: • Atomic Clock • Gravity Sensor • Imaging Sensors • Magnetic Sensor • Photosynthetically Active Radiation (PAR) Quantum Sensors • Rotation Sensors • Temperature Sensors Applications Covered: • Agriculture • Automotive • Construction • Information Technology (IT) & Telecommunication • Medical & Healthcare • Military and Defense • Oil & Gas • Transportation Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Quantum Sensors Market, By Product
5.1 Introduction
5.2 Atomic Clock
5.3 Gravity Sensor
5.4 Imaging Sensors
5.5 Magnetic Sensor
5.6 Photosynthetically Active Radiation (PAR) Quantum Sensors
5.7 Rotation Sensors
5.8 Temperature Sensors
6 Global Quantum Sensors Market, By Application
6.1 Introduction
6.2 Agriculture
6.3 Automotive
6.4 Construction
6.5 Information Technology (IT) & Telecommunication
6.6 Medical & Healthcare
6.7 Military and Defense
6.8 Oil & Gas
6.9 Transportation
7 Global Quantum Sensors Market, By Geography
7.1 Introduction
7.2 North America
7.3 Europe
7.4 Asia Pacific
7.5 South America
7.6 Middle East & Africa
8 Strategic Benchmarking
9 Vendors Landscape
9.1 Adcon Telemetry Gmbh
9.2 AdSense
9.3 ADVA
9.4 Apogee Instrument Inc.
9.5 Biospherical Instruments Inc.
9.6 GWR Instruments Inc.
9.7 Impedans Ltd.
9.8 METER Group
9.9 Microchip
9.10 M-Squared Lasers Limited
9.11 Networking (Oscilloquartz)
9.12 Radix
9.13 Skye Instruments Ltd.
9.14 Spectrum Technologies Inc.
9.15 Technology (Microsemi)
9.16 Thomas Industrial Network Inc.
List of Data Tables
1 Global Quantum Sensors Market Outlook, By Region (2019-2027) ($MN)
2 Global Quantum Sensors Market Outlook, By Product (2019-2027) ($MN)
3 Global Quantum Sensors Market Outlook, By Atomic Clock (2019-2027) ($MN)
4 Global Quantum Sensors Market Outlook, By Gravity Sensor (2019-2027) ($MN)
5 Global Quantum Sensors Market Outlook, By Imaging Sensors (2019-2027) ($MN)
6 Global Quantum Sensors Market Outlook, By Magnetic Sensor (2019-2027) ($MN)
7 Global Quantum Sensors Market Outlook, By Photosynthetically Active Radiation (PAR) Quantum Sensors (2019-2027) ($MN)
8 Global Quantum Sensors Market Outlook, By Rotation Sensors (2019-2027) ($MN)
9 Global Quantum Sensors Market Outlook, By Temperature Sensors (2019-2027) ($MN)
10 Global Quantum Sensors Market Outlook, By Application (2019-2027) ($MN)
11 Global Quantum Sensors Market Outlook, By Agriculture (2019-2027) ($MN)
12 Global Quantum Sensors Market Outlook, By Automotive (2019-2027) ($MN)
13 Global Quantum Sensors Market Outlook, By Construction (2019-2027) ($MN)
14 Global Quantum Sensors Market Outlook, By Information Technology (IT) & Telecommunication (2019-2027) ($MN)
15 Global Quantum Sensors Market Outlook, By Medical & Healthcare (2019-2027) ($MN)
16 Global Quantum Sensors Market Outlook, By Military and Defense (2019-2027) ($MN)
17 Global Quantum Sensors Market Outlook, By Oil & Gas (2019-2027) ($MN)
18 Global Quantum Sensors Market Outlook, By Transportation (2019-2027) ($MN)
19 North America Quantum Sensors Market Outlook, By Product (2019-2027) ($MN)
20 North America Quantum Sensors Market Outlook, By Application (2019-2027) ($MN)
21 Europe Quantum Sensors Market Outlook, By Product (2019-2027) ($MN)
22 Europe Quantum Sensors Market Outlook, By Application (2019-2027) ($MN)
23 Asia Pacific Quantum Sensors Market Outlook, By Product (2019-2027) ($MN)
24 Asia Pacific Quantum Sensors Market Outlook, By Application (2019-2027) ($MN)
25 South America Quantum Sensors Market Outlook, By Product (2019-2027) ($MN)
26 South America Quantum Sensors Market Outlook, By Application (2019-2027) ($MN)
27 Middle East & Africa Quantum Sensors Market Outlook, By Product (2019-2027) ($MN)
28 Middle East & Africa Quantum Sensors Market Outlook, By Application (2019-2027) ($MN)