Global Quantum Sensors Market Size, Share & Industry Trends Analysis Report By Product Type (Atomic Clocks, Gravimeters & Accelerometers, Magnetic Sensors and Photosynthetically active radiation (PAR) Quantum Sensors), By Regional Outlook and Forecast, 20

Global Quantum Sensors Market Size, Share & Industry Trends Analysis Report By Product Type (Atomic Clocks, Gravimeters & Accelerometers, Magnetic Sensors and Photosynthetically active radiation (PAR) Quantum Sensors), By Regional Outlook and Forecast, 2022 - 2028

The Global Quantum Sensors Market size is expected to reach $619.8 million by 2028, rising at a market growth of 16.4% CAGR during the forecast period.

A quantum sensor is a device that employs aspects of quantum mechanics, like quantum interference, quantum entanglement, and quantum state squeezing, which enhance accuracy, outperform conventional sensor technology limitations and circumvent the uncertainty principle. Quantum sensing is concerned with the design and development of quantum sources as well as quantum measurements that can outperform conventional methods in a variety of technological applications.

This may be accomplished with photonic or solid-state technologies. Quantum sensors utilize quantum technologies or quantum states to measure physical quantities. These sensors are built on the concept of atomic superposition, granting them an exceptional degree of sensitivity. They are utilized in some of the most important applications, including space navigation as well as gravity measurements.

The atomic characteristics of quantum sensors remain fixed as they monitor relative environmental changes and hence, they do not have drift or noise concerns like traditional sensors. Quantum sensors are typically 10 times more sensitive to their surroundings than traditional sensors, making them incredibly accurate. Crucial applications, like automotive & transportation, military & defense, and healthcare are significantly utilizing quantum sensors nowadays.

The incorporation of NV-based ensemble quantum sensors in commercial chip designs is a fascinating step towards transforming quantum sensor generation into a versatile array of sensor goods by a number of industrial segments functioning in end consumer verticals throughout the sector.

COVID-19 Impact Analysis

The COVID-19 pandemic significantly impacted various economies all over the world. A number of businesses were disrupted due to the abrupt emergence of the infection. Governments all over the world-imposed lockdowns within their countries in order to regulate the spread of the COVID-19 pandemic. Due to these lockdowns, various manufacturing facilities, including quantum sensor production units all over the world were shut down. However, the software of these sensors has seen a surge in the need for new improvements. Therefore, the market, which was devastates by the COVID-19 pandemic, is estimated to grow significantly in the coming years

Market Growth Factor

An Increasing Number of Applications Within the Healthcare and Medical Sector

Recent research and development endeavors have been conducted by several corporations and research institutes to produce quantum sensors for healthcare and medical applications. These studies have demonstrated that quantum-enabled gadgets might improve the accuracy of medical testing and imaging procedures. The extremely precise data supplied by quantum devices can aid in the identification of chronic illnesses. Quantum sensors can also detect cancer in its earliest stages.

An Upsurge in Investments in The Space and Aerospace Industry

In addition to communication, geo-mapping, navigation channels, and other critical applications, the space industry utilizes a vast array of quantum sensor packages for communication, geo-mapping, and navigation channels. With such applications alongside contemporary space technology, expenditures in the development and deployment of quantum sensors expanded.

Market Restraining Factor

Broad Availability of Affordable Alternatives

One of the major factors that are hampering the growth of the quantum sensors market is the wide availability of its substitutes at more affordable rates. Quantum sensors are manufactured using complex techniques and materials, making their development and production procedures costly. Thus, the availability of cost-effective and competitive alternatives to quantum sensors, particularly for non-critical uses and applications, may hinder the market growth of quantum sensors.

Application Outlook

By Application, the Quantum Sensors Market is categorized into Aerospace & Defense, Oil & Gas, Agriculture & Environment, Construction & Mining, Automotive & Transportation, Healthcare, and Others. In 2021, the oil & gas segment registered a significant revenue share of the quantum sensors market. The sensors employed in the oil and gas business must be reliable and precise since they detect flammable chemicals. Exploration, manufacturing, and transport of these commodities are dangerous and undertaken in difficult circumstances, posing obstacles for the sector.

Product Type Outlook

On the basis of Product Type, the Quantum Sensors Market is segmented into Atomic Clocks, Magnetic Sensors, Photosynthetically active radiation (PAR) Quantum Sensors, and Gravimeters & Accelerometers. In 2021, the atomic clock segment witnessed the biggest revenue share of the quantum sensors market. A basic clock, whether mechanical or quartz, is a device that measures the repeat of an event. Similarly, an atomic clock measures the repeat of an event by counting the electrical transition from one state to the next with the aid of atoms.

Regional Outlook

Region-Wise, the Quantum Sensors Market is analyzed across North America, Europe, Asia-pacific, and LAMEA. In 2021, North America accounted for the largest revenue share of the quantum sensors market. Due to its increasing applications within the aerospace & military industry and autonomous cars, the North American quantum sensor market is anticipated to rise at a rapid rate over the next several years. North America's largest market for quantum sensors is the United States.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include OTT HydroMet (Danaher Corporation), Spectrum Technologies, Inc. (BAE Systems PLC), ID Quantique SA, MSquared Limited™, Muquans SAS (iXblue) (Groupe Gorgé), AOSense, Inc., Impedans, Ltd., LI-COR, Inc., Campbell Scientific, Inc. and Apogee Instruments, Inc.

Strategies Deployed in Quantum Sensors Market

May-2022: ID Quantique introduced the Clavis XG, an addition to its XG Series, The new solution aimed to offer QKD as a Service to a broad range of customers in order to meet the increasing demand for extended range interconnection or high key transmission rate within for production environments. Moreover, the new solution provides a complete suite of solutions.

Jan-2022: ID Quantique released the ID1000, a Time Controller Series. The new range aimed to allow customers to frequently record arrival times for a higher number of detected photons while also generating customizable pulse trigger signals along with customizable pulse trigger signals through four integrated pulse/delay generator channels.

Jun-2021: Apogee Instruments rolled out the new Apogee Original X Series, a range of sensors with the new detector. The new product range aimed to calibrate to sunlight in order to eliminate the requirement for electric calibrated models.

Apr-2021: ID Quantique came into a partnership with Thales Trusted Cyber Technologies, a business area of Thales Defense & Security. Through this partnership, the companies aimed to offer quantum randomness-built high-assurance key protection through the integration of Thales's Luna T-series Hardware Security Modules and IDQ’s quantum random number generation.

Apr-2020: Muquans partnered with Pasqal, a French developer of quantum processors. With this partne4rship, the companies aimed to bring advanced and cutting-edge laser and control solutions in order to expand the technological boundaries of quantum computing. In addition, this partnership would also offer various new prospects to the companies to unlock and leverage new technologies as well as expertise for the design, integration, as well as validation of cutting-edge quantum solutions.

Feb-2018: ID Quantique entered into a partnership with SK Telecom, a South Korean wireless telecommunications operator. Following this partnership, the companies aimed to strengthen the position of IDQ within the quantum-safe cryptography and quantum sensing solutions market. Moreover, this partnership would also aid IDQ to continue its focus on the development of global markets and partnerships.

Scope of the Study

Market Segments covered in the Report:

By Application

  • Aerospace & Defense
  • Automotive & Transportation
  • Healthcare
  • Construction & Mining
  • Oil & Gas
  • Agriculture & Environment
  • Others
By Product Type
  • Atomic Clocks
  • Gravimeters & Accelerometers
  • Magnetic Sensors
  • Photosynthetically active radiation (PAR) Quantum Sensors
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • OTT HydroMet (Danaher Corporation)
  • Spectrum Technologies, Inc. (BAE Systems PLC)
  • ID Quantique SA
  • MSquared Limited™
  • Muquans SAS (iXblue) (Groupe Gorgé)
  • AOSense, Inc.
  • Impedans, Ltd.
  • LI-COR, Inc.
  • Campbell Scientific, Inc.
  • Apogee Instruments, Inc.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Quantum Sensors Market, by Application
1.4.2 Global Quantum Sensors Market, by Product Type
1.4.3 Global Quantum Sensors Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Quantum Sensors Market
Chapter 4. Global Quantum Sensors Market by Application
4.1 Global Aerospace & Defense Market by Region
4.2 Global Automotive & Transportation Market by Region
4.3 Global Healthcare Market by Region
4.4 Global Construction & Mining Market by Region
4.5 Global Oil & Gas Market by Region
4.6 Global Agriculture & Environment Market by Region
4.7 Global Others Market by Region
Chapter 5. Global Quantum Sensors Market by Product Type
5.1 Global Atomic Clocks Market by Region
5.2 Global Gravimeters & Accelerometers Market by Region
5.3 Global Magnetic Sensors Market by Region
5.4 Global Photosynthetically active radiation (PAR) Quantum Sensors Market by Region
Chapter 6. Global Quantum Sensors Market by Region
6.1 North America Quantum Sensors Market
6.1.1 North America Quantum Sensors Market by Application
6.1.1.1 North America Aerospace & Defense Market by Country
6.1.1.2 North America Automotive & Transportation Market by Country
6.1.1.3 North America Healthcare Market by Country
6.1.1.4 North America Construction & Mining Market by Country
6.1.1.5 North America Oil & Gas Market by Country
6.1.1.6 North America Agriculture & Environment Market by Country
6.1.1.7 North America Others Market by Country
6.1.2 North America Quantum Sensors Market by Product Type
6.1.2.1 North America Atomic Clocks Market by Country
6.1.2.2 North America Gravimeters & Accelerometers Market by Country
6.1.2.3 North America Magnetic Sensors Market by Country
6.1.2.4 North America Photosynthetically active radiation (PAR) Quantum Sensors Market by Country
6.1.3 North America Quantum Sensors Market by Country
6.1.3.1 US Quantum Sensors Market
6.1.3.1.1 US Quantum Sensors Market by Application
6.1.3.1.2 US Quantum Sensors Market by Product Type
6.1.3.2 Canada Quantum Sensors Market
6.1.3.2.1 Canada Quantum Sensors Market by Application
6.1.3.2.2 Canada Quantum Sensors Market by Product Type
6.1.3.3 Mexico Quantum Sensors Market
6.1.3.3.1 Mexico Quantum Sensors Market by Application
6.1.3.3.2 Mexico Quantum Sensors Market by Product Type
6.1.3.4 Rest of North America Quantum Sensors Market
6.1.3.4.1 Rest of North America Quantum Sensors Market by Application
6.1.3.4.2 Rest of North America Quantum Sensors Market by Product Type
6.2 Europe Quantum Sensors Market
6.2.1 Europe Quantum Sensors Market by Application
6.2.1.1 Europe Aerospace & Defense Market by Country
6.2.1.2 Europe Automotive & Transportation Market by Country
6.2.1.3 Europe Healthcare Market by Country
6.2.1.4 Europe Construction & Mining Market by Country
6.2.1.5 Europe Oil & Gas Market by Country
6.2.1.6 Europe Agriculture & Environment Market by Country
6.2.1.7 Europe Others Market by Country
6.2.2 Europe Quantum Sensors Market by Product Type
6.2.2.1 Europe Atomic Clocks Market by Country
6.2.2.2 Europe Gravimeters & Accelerometers Market by Country
6.2.2.3 Europe Magnetic Sensors Market by Country
6.2.2.4 Europe Photosynthetically active radiation (PAR) Quantum Sensors Market by Country
6.2.3 Europe Quantum Sensors Market by Country
6.2.3.1 Germany Quantum Sensors Market
6.2.3.1.1 Germany Quantum Sensors Market by Application
6.2.3.1.2 Germany Quantum Sensors Market by Product Type
6.2.3.2 UK Quantum Sensors Market
6.2.3.2.1 UK Quantum Sensors Market by Application
6.2.3.2.2 UK Quantum Sensors Market by Product Type
6.2.3.3 France Quantum Sensors Market
6.2.3.3.1 France Quantum Sensors Market by Application
6.2.3.3.2 France Quantum Sensors Market by Product Type
6.2.3.4 Russia Quantum Sensors Market
6.2.3.4.1 Russia Quantum Sensors Market by Application
6.2.3.4.2 Russia Quantum Sensors Market by Product Type
6.2.3.5 Spain Quantum Sensors Market
6.2.3.5.1 Spain Quantum Sensors Market by Application
6.2.3.5.2 Spain Quantum Sensors Market by Product Type
6.2.3.6 Italy Quantum Sensors Market
6.2.3.6.1 Italy Quantum Sensors Market by Application
6.2.3.6.2 Italy Quantum Sensors Market by Product Type
6.2.3.7 Rest of Europe Quantum Sensors Market
6.2.3.7.1 Rest of Europe Quantum Sensors Market by Application
6.2.3.7.2 Rest of Europe Quantum Sensors Market by Product Type
6.3 Asia Pacific Quantum Sensors Market
6.3.1 Asia Pacific Quantum Sensors Market by Application
6.3.1.1 Asia Pacific Aerospace & Defense Market by Country
6.3.1.2 Asia Pacific Automotive & Transportation Market by Country
6.3.1.3 Asia Pacific Healthcare Market by Country
6.3.1.4 Asia Pacific Construction & Mining Market by Country
6.3.1.5 Asia Pacific Oil & Gas Market by Country
6.3.1.6 Asia Pacific Agriculture & Environment Market by Country
6.3.1.7 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Quantum Sensors Market by Product Type
6.3.2.1 Asia Pacific Atomic Clocks Market by Country
6.3.2.2 Asia Pacific Gravimeters & Accelerometers Market by Country
6.3.2.3 Asia Pacific Magnetic Sensors Market by Country
6.3.2.4 Asia Pacific Photosynthetically active radiation (PAR) Quantum Sensors Market by Country
6.3.3 Asia Pacific Quantum Sensors Market by Country
6.3.3.1 China Quantum Sensors Market
6.3.3.1.1 China Quantum Sensors Market by Application
6.3.3.1.2 China Quantum Sensors Market by Product Type
6.3.3.2 Japan Quantum Sensors Market
6.3.3.2.1 Japan Quantum Sensors Market by Application
6.3.3.2.2 Japan Quantum Sensors Market by Product Type
6.3.3.3 India Quantum Sensors Market
6.3.3.3.1 India Quantum Sensors Market by Application
6.3.3.3.2 India Quantum Sensors Market by Product Type
6.3.3.4 South Korea Quantum Sensors Market
6.3.3.4.1 South Korea Quantum Sensors Market by Application
6.3.3.4.2 South Korea Quantum Sensors Market by Product Type
6.3.3.5 Singapore Quantum Sensors Market
6.3.3.5.1 Singapore Quantum Sensors Market by Application
6.3.3.5.2 Singapore Quantum Sensors Market by Product Type
6.3.3.6 Malaysia Quantum Sensors Market
6.3.3.6.1 Malaysia Quantum Sensors Market by Application
6.3.3.6.2 Malaysia Quantum Sensors Market by Product Type
6.3.3.7 Rest of Asia Pacific Quantum Sensors Market
6.3.3.7.1 Rest of Asia Pacific Quantum Sensors Market by Application
6.3.3.7.2 Rest of Asia Pacific Quantum Sensors Market by Product Type
6.4 LAMEA Quantum Sensors Market
6.4.1 LAMEA Quantum Sensors Market by Application
6.4.1.1 LAMEA Aerospace & Defense Market by Country
6.4.1.2 LAMEA Automotive & Transportation Market by Country
6.4.1.3 LAMEA Healthcare Market by Country
6.4.1.4 LAMEA Construction & Mining Market by Country
6.4.1.5 LAMEA Oil & Gas Market by Country
6.4.1.6 LAMEA Agriculture & Environment Market by Country
6.4.1.7 LAMEA Others Market by Country
6.4.2 LAMEA Quantum Sensors Market by Product Type
6.4.2.1 LAMEA Atomic Clocks Market by Country
6.4.2.2 LAMEA Gravimeters & Accelerometers Market by Country
6.4.2.3 LAMEA Magnetic Sensors Market by Country
6.4.2.4 LAMEA Photosynthetically active radiation (PAR) Quantum Sensors Market by Country
6.4.3 LAMEA Quantum Sensors Market by Country
6.4.3.1 Brazil Quantum Sensors Market
6.4.3.1.1 Brazil Quantum Sensors Market by Application
6.4.3.1.2 Brazil Quantum Sensors Market by Product Type
6.4.3.2 Argentina Quantum Sensors Market
6.4.3.2.1 Argentina Quantum Sensors Market by Application
6.4.3.2.2 Argentina Quantum Sensors Market by Product Type
6.4.3.3 UAE Quantum Sensors Market
6.4.3.3.1 UAE Quantum Sensors Market by Application
6.4.3.3.2 UAE Quantum Sensors Market by Product Type
6.4.3.4 Saudi Arabia Quantum Sensors Market
6.4.3.4.1 Saudi Arabia Quantum Sensors Market by Application
6.4.3.4.2 Saudi Arabia Quantum Sensors Market by Product Type
6.4.3.5 South Africa Quantum Sensors Market
6.4.3.5.1 South Africa Quantum Sensors Market by Application
6.4.3.5.2 South Africa Quantum Sensors Market by Product Type
6.4.3.6 Nigeria Quantum Sensors Market
6.4.3.6.1 Nigeria Quantum Sensors Market by Application
6.4.3.6.2 Nigeria Quantum Sensors Market by Product Type
6.4.3.7 Rest of LAMEA Quantum Sensors Market
6.4.3.7.1 Rest of LAMEA Quantum Sensors Market by Application
6.4.3.7.2 Rest of LAMEA Quantum Sensors Market by Product Type
Chapter 7. Company Profiles
7.1 OTT HydroMet (Danaher Corporation)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.2 Spectrum Technologies, Inc. (BAE Systems PLC)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 ID Quantique SA
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Product Launches and Product Expansions:
7.4 MSquared Limited™
7.4.1 Company Overview
7.5 Muquans SAS (iXblue) (Groupe Gorgé)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.6 Apogee Instruments, Inc.
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.7 AOSense, Inc.
7.7.1 Company Overview
7.8 Impedans, Ltd.
7.8.1 Company Overview
7.9 LI-COR, Inc.
7.9.1 Company Overview
7.10. Campbell Scientific, Inc.
7.10.1 Company Overview

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