Quantum sensors find applications in diverse sectors like industrial monitoring, healthcare diagnostics, transport, and military. Their compact size and ability to detect perturbations at atomic scale with extremely high precision have led to rising adoption across many industries. Quantum gravimeters based on matter-wave interferometry help study gravity fields and seismic waves. Quantum clocks and thermometers enable precise measurement and quantum accelerometers and gyroscopes find use in navigation systems. The global Quantum Sensors Market is estimated to be valued at US$ 622.18 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of quantum technology across various industries has propelled the demand for quantum sensors over the recent past. Quantum sensors offer significantly higher precision and sensitivity compared to conventional alternatives. Rapid improvements in the manufacturing of atomic and optical components have enabled the development of compact and robust quantum devices for practical applications. Also, increasing investments by governments and tech giants in quantum research is assisting the commercialization of quantum technologies. For instance, the U.S. has announced a funding of over $1 billion for National Quantum Initiative programs through 2025. Such initiatives are expected to catalyze innovations and drive the quantum sensors market during the forecast period.
Segment Analysis
The global quantum sensors market is dominated by the atomic clocks sub-segment which accounts for over 35% share of the market. Atomic clocks sub-segment is expected to remain the most lucrative segment over the forecast period owing to its widespread applications in navigation systems, deep space communication, astronomy research, geological surveys. The atomic clocks provide extremely precise time and frequency standards which help achieve high positioning accuracy for applications ranging from GPS technologies to deep space exploration missions.
Key Takeaways
The Global Quantum Sensors Market Demand is expected to witness high growth over the forecast period.
Regional analysis: Asia Pacific is projected to witness the highest growth in the quantum sensors market during the analysis period. This can be attributed to rising government funding for quantum technology development in various countries such as China, India, and South Korea. China’s National Key Research and Development Program for Quantum Information Technologies aims to boost the development of quantum sensors and related quantum applications.
Key players operating in the quantum sensors market are GlaxoSmithKline Plc., Sanofi SA, Bharat Biotech, Bio-Med Pvt. Ltd., PT Bio Farma, PaxVax, Inc. Shanghai Institute of Biological Products Co., Ltd., and Prokarium. GlaxoSmithKline Plc. and Sanofi SA collectively account for over 30% share of the global vaccine market due to their strong portfolio and global distribution network.
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A quantum sensor could evaluate the outcome of the quantum state of a different system on itself.
The simple act of amount determines the quantum state as well as changes the uncertainty and probability related to its condition throughout the measurement.
The aspects influencing the global market for quantum sensors are increasing varying manufacturing landscape along with industrial automation, rising implementation of Internet of Things (IoT) technology, growing concentration on touch screen usage, increasing number of sensors for each vehicle, imitative semiconductor parts and long regulatory sanction procedures.The global market for quantum sensors is accounted for a value of about US$ 329.4 Million through the end of the year 2025.
The global market is projected to increase at a reasonable pace of 4.3% CAGR throughout the predicted period of 2025.Market Segmentation• Based on the type, the global market is categorised into gravity sensor, atomic clock, rotation sensors, magnetic sensor, temperature sensors and imaging sensors.
The gravity sensors category is projected to record a firm raise and is anticipated to grow at 4.7% CAGR in value terms all through the predicted period.
The atomic clock category is also estimated to lead the global market for quantum sensors with US$ 127.8 Million in revenue terms during 2025.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114994/Quantum-Sensors-Market• Based on the industry vertical, the global market is categorised into, agriculture, oil & gas, defence, construction, transportation, IT & telecommunication, medical & healthcare and others.
