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Quantum Sensors Market Share, Size, Trends, Industry Analysis Report, By Product; By Application; By Region; Segment Forecast, 2022 - 2030

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    Report

  • 114 Pages
  • November 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5707096
The global quantum sensors market size is expected to reach USD 894.1 million by 2030, according to a new study. The report “Quantum Sensors Market Share, Size, Trends, Industry Analysis Report, By Product (Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors, Gravimeters & Accelerometers); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The growing demand for quantum sensors for nuclear magnetic resonance spectroscopy, solar panel, lasers, and magnetic resonance imaging (MRI) is due to their ability to provide accurate and credible results to fuel market growth. Furthermore, increasing penetration of quantum sensors and quantum-related technologies in aerospace and defense industries also bolsters market growth.

Europe is also considered the highest contributor to the revenue growth of the market as it is the commercial hub for manufacturing military weapons and the growing deployment of quantum imaging, simulation, and sensing technologies across various industries. Furthermore, the United Kingdom quantum technology hub sensors and timing are focusing on developing sensors that provide accurate and precise results, improving the functionality of various autonomous vehicles and fueling the market growth.

In addition, quantum sensors are growing significantly in automotive industries as they offer precise dimensions and are used for navigation purposes in autonomous vehicles. The market is likely to be driven by Asia pacific as China is the primary producer and manufacturer of autonomous and electric vehicles, which will boost revenue growth. Moreover, the rising government investment in quantum technologies to accelerate the development of innovative sensors like atomic clocks, gravitometers, and low-noise quantum interference microscopy is also essential in driving the market growth.

The COVID-19 pandemic had a negative impact on the demand for quantum sensors owing to the negligible operation across various end-use industries and the declination of expenditure on the deployment of quantum technologies. The automotive industry being a consumer-centric sector, was a heavy contributor to increase revenue. Still, during the pandemic, there was a decrease in the manufacturing process due to the loss of raw materials and shortage of resources hampering the market growth.

Quantum Sensors Market Report Highlights

  • The growing demand for atomic clocks segment is due to its accurate time and frequency standards. The increasing penetration of these clocks for global time distribution services is the primary reason complementing the market growth. They have a wide application to control wave frequency in radio transmitters, television broadcasts, and GPS satellites, supporting segment growth.
  • The aerospace & defense sector accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to rising investment by private and public governments to develop quantum technology. In addition, these investments have led to the growing commercialization of quantum sensors in the navy and defense sector, propelling market growth.
  • North America dominated the market and is expected to grow over the forecast period owing to the growing penetration of quantum technologies in the defense sector to detect subterranean structures, vehicles & submarines with nuclear materials. Moreover, increasing projects in the automotive and space industries are also expected to fuel market growth.
  • Major players operating in the industry include Adcon Telemetry GmbH, AdSense, ADVA, AOSense Inc., Apogee Instrument Inc., Biospherical Instruments Inc., Campbell Scientific Ltd, GWR Instruments Inc, Impedance Ltd, LI-COR Inc, M Squared Laser Ltd, METER GROUP, Microchip, Microsemi Corp., Muquans SAS, and Radix.

The publisher has segmented the quantum sensors market report based on product, applications, and region:

Quantum Sensors, Product Outlook (Revenue - USD Million, 2018 - 2030)

  • Atomic Clocks
  • Magnetic Sensors
  • Photosynthetically Active Radiation (PAR) Quantum Sensors
  • Gravimeters And Accelerometers

Quantum Sensors, Application Outlook (Revenue - USD Million, 2018 - 2030)

  • Aerospace & Defense
  • Oil & Gas
  • Agriculture & Environment
  • Construction & Mining
  • Automotive & Transportation
  • Healthcare
  • Others

Quantum Sensors, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Quantum Sensors Market

What is the estimated value of the Quantum Sensors Market?

The Quantum Sensors Market was estimated to be valued at $260.1 million in 2022.

What is the growth rate of the Quantum Sensors Market?

The growth rate of the Quantum Sensors Market is 16.7%, with an estimated value of $894.1 million by 2030.

What is the forecasted size of the Quantum Sensors Market?

The Quantum Sensors Market is estimated to be worth $894.1 million by 2030.

Who are the key companies in the Quantum Sensors Market?

Key companies in the Quantum Sensors Market include Adcon Telemetry GmbH, AdSense, ADVA, AOSense Inc., Apogee Instrument Inc., Biospherical Instruments Inc., Campbell Scientific Ltd, GWR Instruments Inc and LI.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Quantum Sensors Market Insights
4.1. Quantum Sensors Market - Industry Snapshot
4.2. Quantum Sensors Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising demand for IoT devices
4.2.1.2. Rising need for high-precision measurements in crucial applications
4.2.2. Restraints and Challenges
4.2.2.1. High deployment and maintenance cost
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Quantum Sensors Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Quantum Sensors Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Quantum Sensors, by Product, 2018 - 2030 (USD Million)
5.3. Atomic Clocks
5.3.1. Global Quantum Sensors Market, by Atomic Clocks, by Region, 2018 - 2030 (USD Million)
5.4. Magnetic Sensors
5.4.1. Global Quantum Sensors Market, by Magnetic Sensors, by Region, 2018 - 2030 (USD Million)
5.5. Photosynthetically Active Radiation (PAR) Quantum Sensors
5.5.1. Global Quantum Sensors Market, by Photosynthetically Active Radiation (PAR) Quantum Sensors, by Region, 2018 - 2030 (USD Million)
5.6. Gravimeters And Accelerometers
5.6.1. Global Quantum Sensors Market, by Gravimeters And Accelerometers, by Region, 2018 - 2030 (USD Million)
6. Global Quantum Sensors Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
6.3. Aerospace & Defense
6.3.1. Global Quantum Sensors Market, by Aerospace & Defense, by Region, 2018 - 2030 (USD Million)
6.4. Oil & Gas
6.4.1. Global Quantum Sensors Market, by Oil & Gas, by Region, 2018 - 2030 (USD Million)
6.5. Agriculture & Environment
6.5.1. Global Quantum Sensors Market, by Agriculture & Environment, by Region, 2018 - 2030 (USD Million)
6.6. Construction & Mining
6.6.1. Global Quantum Sensors Market, by Construction & Mining, by Region, 2018 - 2030 (USD Million)
6.7. Automotive & Transportation
6.7.1. Global Quantum Sensors Market, by Automotive & Transportation, by Region, 2018 - 2030 (USD Million)
6.8. Healthcare
6.8.1. Global Quantum Sensors Market, by Healthcare, by Region, 2018 - 2030 (USD Million)
6.9. Others
6.9.1. Global Quantum Sensors Market, by Others, by Region, 2018 - 2030 (USD Million)
7. Global Quantum Sensors Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Quantum Sensors Market Assessment, By Geography, 2018 - 2030 (USD Million)
7.3. Quantum Sensors Market - North America
7.3.1. North America: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.3.2. North America: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.3.3. Quantum Sensors Market - U.S.
7.3.3.1. U.S.: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.3.3.2. U.S.: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.3.4. Quantum Sensors Market - Canada
7.3.4.1. Canada: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.3.4.2. Canada: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4. Quantum Sensors Market - Europe
7.4.1. Europe: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.2. Europe: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.3. Quantum Sensors Market - UK
7.4.3.1. UK: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.3.2. UK: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.4. Quantum Sensors Market - France
7.4.4.1. France: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.4.2. France: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.5. Quantum Sensors Market - Germany
7.4.5.1. Germany: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.5.2. Germany: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.6. Quantum Sensors Market - Italy
7.4.6.1. Italy: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.6.2. Italy: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.7. Quantum Sensors Market - Spain
7.4.7.1. Spain: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.7.2. Spain: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.8. Quantum Sensors Market - Netherlands
7.4.8.1. Netherlands: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.8.2. Netherlands: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.4.9. Quantum Sensors Market - Russia
7.4.9.1. Russia: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.4.9.2. Russia: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5. Quantum Sensors Market - Asia Pacific
7.5.1. Asia Pacific: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.2. Asia Pacific: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5.3. Quantum Sensors Market - China
7.5.3.1. China: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.3.2. China: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5.4. Quantum Sensors Market - India
7.5.4.1. India: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.4.2. India: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5.5. Quantum Sensors Market - Malaysia
7.5.5.1. Malaysia: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.5.2. Malaysia: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5.6. Quantum Sensors Market - Japan
7.5.6.1. Japan: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.6.2. Japan: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5.7. Quantum Sensors Market - Indonesia
7.5.7.1. Indonesia: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.7.2. Indonesia: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.5.8. Quantum Sensors Market - South Korea
7.5.8.1. South Korea: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.5.8.2. South Korea: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.6. Quantum Sensors Market - Middle East & Africa
7.6.1. Middle East & Africa: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.6.3. Quantum Sensors Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.6.3.2. Saudi Arabia: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.6.4. Quantum Sensors Market - UAE
7.6.4.1. UAE: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.6.4.2. UAE: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.6.5. Quantum Sensors Market - Israel
7.6.5.1. Israel: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.6.5.2. Israel: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.6.6. Quantum Sensors Market - South Africa
7.6.6.1. South Africa: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.6.6.2. South Africa: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.7. Quantum Sensors Market - Latin America
7.7.1. Latin America: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.7.2. Latin America: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.7.3. Quantum Sensors Market - Mexico
7.7.3.1. Mexico: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.7.3.2. Mexico: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.7.4. Quantum Sensors Market - Brazil
7.7.4.1. Brazil: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.7.4.2. Brazil: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
7.7.5. Quantum Sensors Market - Argentina
7.7.5.1. Argentina: Quantum Sensors Market, by Application, 2018 - 2030 (USD Million)
7.7.5.2. Argentina: Quantum Sensors Market, by Product, 2018 - 2030 (USD Million)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Adcon Telemetry GmbH
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. AdSense
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. ADVA
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. AOSense Inc
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Apogee Instrument Inc
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Biospherical Instruments Inc
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Campbell Scientific Ltd
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. GWR Instruments Inc
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Impedance Ltd
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. LI-COR Inc
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. M Squared Laser Ltd
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. METER GROUP
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Microchip
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Microsemi Corp
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Muquans SAS
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Radix
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Robert Bosch GmbH
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development
9.18. Sea-Bird Scientific
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Recent Development
9.19. Skye Instruments Ltd
9.19.1. Company Overview
9.19.2. Financial Performance
9.19.3. Product Benchmarking
9.19.4. Recent Development
9.20. Spectrum Technologies Inc
9.20.1. Company Overview
9.20.2. Financial Performance
9.20.3. Product Benchmarking
9.20.4. Recent Development
9.21. Thomas Industrial Network Inc
9.21.1. Company Overview
9.21.2. Financial Performance
9.21.3. Product Benchmarking
9.21.4. Recent Development
9.22. Qnami
9.22.1. Company Overview
9.22.2. Financial Performance
9.22.3. Product Benchmarking
9.22.4. Recent Development

Companies Mentioned

  • Adcon Telemetry GmbH
  • AdSense
  • ADVA
  • AOSense Inc.
  • Apogee Instrument Inc.
  • Biospherical Instruments Inc.
  • Campbell Scientific Ltd
  • GWR Instruments Inc
  • Impedance Ltd
  • LI-COR Inc
  • M Squared Laser Ltd
  • METER GROUP
  • Microchip
  • Microsemi Corp.
  • Muquans SAS
  • Radix
  • Robert Bosch GmbH
  • Sea-Bird Scientific
  • Skye Instruments Ltd
  • Spectrum Technologies Inc.
  • Thomas Industrial Network Inc.