Quantum Sensors Market Overview
Increasing investments in quantum technology by varied market players and growing analysis and development activities within the field of quantum sensing area unit major driving factors behind the expansion of the market. Growing adoption of quantum sensing solutions in varied industries and applications like material science and natural philosophy, increasing developments of quantum gravity sensors, rising demand for quantum sensors to watch volcanoes to convey advanced warning of volcanic activity, a surge within the adoption of quantum detectors in cars to find pedestrians 100Â m away or some meters away and inflated demand of quantum sensor from military and defence trade is predicted to enhance the expansion of the market throughout the forecast amount. The Quantum detector provides some advantages like high sensitivity, high exactitude, and activity of varied physical quantities, that area unit ultimately propulsive the expansion of the market.
However, challenges like quantum decoherence, the inconsistency between separating the responsive quantum states from external conflicts, and reliance on just some key suppliers' area units are major restraining factors that would hamper the expansion of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Solution, Organization Size, Industry Vertical, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | AOSense,Inc.,Apogee Instruments, Inc.,GWR Instruments, Inc.,M Squared Lasers, Microsemi Corporation ,Muquans ,Oscilloquartz SA, Gemalto,Paypal Inc,Intuit Inc.,Square, Inc.,Payanywhere Llc,First Data Corporation,CPI Card Group Inc.,Paynear One Solutions |
The covid-19 Impact on Quantum Sensors Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Quantum Sensors Market Segment Overview
By Product, Photosynthetically Active Radiation (PAR) Quantum Sensor segment accounted major market share in forecast period. This segment market growth is improved product usability, adoption of new technologies, and radiation sensor.
By Industry Verticals, the military and defence section dominated the market in 2023 and is anticipated to maintain its dominance at CAGR of XX during the soothsaying period. Swelling demand for volume detectors from the military sector and increasing research and development exertion by the military sector in the field of volume sensing is driving the growth of the market
Market Analysis, Insights and Forecast – By Product
· Atomic Clocks
· Gravity Sensors
· Photosynthetically Active Radiation (PAR) Quantum Sensors
· Magnetic Sensors
Market Analysis, Insights and Forecast – By Industry Verticals
· Automotive
· Oil and Gas
· Military and Defence
· Agriculture
· Healthcare
· Other
Quantum Sensors Market Regional Overview
Region-wise, in terms of regions, Europe held the largest market share in 2023 and is anticipated to keep up its dominance at a CAGR of throughout the forecast amount. The UK, Germany, and France are major mode contributors to the expansion of the market. Development in quantum technologies is that the priority and main agenda of many European countries.
Quantum Sensors Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Quantum Sensors Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Quantum Sensors are highlighted below.
· In 2018, the US Army scientists created innovative quantum sensors to determine the communication signals over the radio prevalence spectrum. This quantum sensor uses high amped, super-sensitive atoms named Rydberg atoms.
Quantum Sensors Market, Key Players
· AOSense, Inc.
· Apogee Instruments, Inc.
· GWR Instruments, Inc.
· M Squared Lasers
· Microsemi Corporation
· Muquans
· Oscilloquartz SA
· Gemalto
· Paypal Inc
· Intuit Inc.
· Square, Inc.
· Payanywhere Llc
· First Data Corporation
· CPI Card Group Inc.
· Paynear One Solutions
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Quantum Sensors market during the forecast period?
Quantum Sensors market is expected to record a CAGR of ~5.60% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Quantum Sensors Market?
Military and Defence segment is projected to hold the largest share in the Quantum Sensors Market.
Q3. What are the driving factors for the Quantum Sensors market?
The growing demand for adoption of quantum sensing solutions in varied industries and applications like material science and natural philosophy, increasing developments of quantum gravity sensors, rising demand for quantum sensors.
Q4. Which Segments are covered in the Quantum Sensors market report?
Product, Industry Vertical, and Region, these segments are covered in the Quantum Sensors market report.
Q5. Which are the prominent players offering Quantum Sensors?
AOSense,Inc.,Apogee Instruments, Inc.,GWR Instruments, Inc.,M Squared Lasers, Microsemi Corporation ,Muquans ,Oscilloquartz SA, Gemalto,Paypal Inc,Intuit Inc.,Square, Inc.,Payanywhere Llc,First Data Corporation,CPI Card Group Inc.,Paynear One Solutions.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Quantum Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Atomic Clocks
- 5.2.2. Gravity Sensors
- 5.2.3. Photosynthetically Active Radiation (PAR) Quantum Sensors
- 5.2.4. Magnetic Sensors
- 5.3. Market Analysis, Insights and Forecast – By Industry Verticals
- 5.3.1. Automotive
- 5.3.2. Oil and Gas
- 5.3.3. Military and Defence
- 5.3.4. Agriculture
- 5.3.5. Healthcare
- 5.3.6. Other
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Quantum Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Atomic Clocks
- 6.2.2. Gravity Sensors
- 6.2.3. Photosynthetically Active Radiation (PAR) Quantum Sensors
- 6.2.4. Magnetic Sensors
- 6.3. Market Analysis, Insights and Forecast – By Industry Verticals
- 6.3.1. Automotive
- 6.3.2. Oil and Gas
- 6.3.3. Military and Defence
- 6.3.4. Agriculture
- 6.3.5. Healthcare
- 6.3.6. Other
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Quantum Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Atomic Clocks
- 7.2.2. Gravity Sensors
- 7.2.3. Photosynthetically Active Radiation (PAR) Quantum Sensors
- 7.2.4. Magnetic Sensors
- 7.3. Market Analysis, Insights and Forecast – By Industry Verticals
- 7.3.1. Automotive
- 7.3.2. Oil and Gas
- 7.3.3. Military and Defence
- 7.3.4. Agriculture
- 7.3.5. Healthcare
- 7.3.6. Other
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Quantum Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Atomic Clocks
- 8.2.2. Gravity Sensors
- 8.2.3. Photosynthetically Active Radiation (PAR) Quantum Sensors
- 8.2.4. Magnetic Sensors
- 8.3. Market Analysis, Insights and Forecast – By Industry Verticals
- 8.3.1. Automotive
- 8.3.2. Oil and Gas
- 8.3.3. Military and Defence
- 8.3.4. Agriculture
- 8.3.5. Healthcare
- 8.3.6. Other
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Quantum Sensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Atomic Clocks
- 9.2.2. Gravity Sensors
- 9.2.3. Photosynthetically Active Radiation (PAR) Quantum Sensors
- 9.2.4. Magnetic Sensors
- 9.3. Market Analysis, Insights and Forecast – By Industry Verticals
- 9.3.1. Automotive
- 9.3.2. Oil and Gas
- 9.3.3. Military and Defence
- 9.3.4. Agriculture
- 9.3.5. Healthcare
- 9.3.6. Other
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. AOSense, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Apogee Instruments, Inc.
- 10.6. GWR Instruments, Inc.
- 10.7. M Squared Lasers
- 10.8. Microsemi Corporation
- 10.9. Muquans
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
