Middle East & Africa Atomic Clock Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Rubidium Atomic Clock and CSAC, Cesium Atomic Clock, and Hydrogen Maser Atomic Clock) and Application (Space and Military/Aerospace, Scientific and Metrology Research, Telecom and Broadcasting, and Other Applications)
The Middle East & Africa atomic clock market is expected to grow from US$ 34.36 million in 2022 to US$ 46.84 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.
High Demand from Metrology Station Owing to a Time-Sensitive Applications is Driving the Middle East & Africa Atomic Clock Market
Since invention in the middle of the twentieth century, atomic clocks have undergone huge developments and improvements. Various applications of atomic clocks in metrology and fundamental physics have been made possible by the constant improvement in their accuracy and stability. Therefore, owing to the time-sensitive applications, there is a high demand for atomic clocks from meteorology stations. GNSS satellite positioning also depends on the propagation that the signal takes to travel from the satellite to the receiver. Therefore, position error is implied; thus, navigation systems rely on the performance of clock. In addition, atomic clocks are also used in terrestrial stations for synchronizing clocks in orbit and characterize time systems. Also, atomic clocks conduct the following research activities in metrology:
Techniques of clock comparison and synchronization
Algorithms and mathematical modeling
to recognize and disseminate the UTC(IT) Italian Standard Time
to contribute to the Coordinated UTC Universal Time
In July 2022, MASINDI Uganda National Metrological Authority (UNMA) started the construction of a weather station in Masindi district in Western Uganda. The facility will house gadgets that measure the speed of wind, wind direction, rainfall, solar radiation, air temperature, air pressure, and relative humidity among others. Therefore, growing establishments of the meteorological weather stations across the region is anticipated to increase the demand for atomic clocks for accurate weather monitoring and information. Meade Instruments, a leading manufacturing company offers weather station atomic clock that displays the indoor-outdoor humidity and temperature and has a minimum/maximum record for both temperature displays. The clock provides weather forecast, has comfort level indicators, a moon phase display, a calendar and a dual crescendo alarm with snooze function. Such factors are anticipated to propel the demands for atomic clocks in the Metrology Stations across the region.
Middle East & Africa Atomic Clock Market Overview
The Middle East & Africa has abundant natural resources and manpower, and it contributes a substantial share to the global oil & gas sector. Different Middle East & Africa countries differ substantially in terms of living standards, natural resources, economic growth, population, technology landscape, and geographic area. Despite the mounting unemployment rate and uncertain oil prices, countries such as UAE, Saudi Arabia, and South Africa are at the forefront of adopting transformative advanced technologies such as smart homes and self-driving cars. The presence of major atomic clock market players—such as AccuBeat Ltd. (Israel)—is one of the significant factors contributing to the Middle East & Africa atomic clock market 's growth in the Middle East & Africa. AccuBeat Ltd is a leading manufacturer of frequency and timing solutions for aerospace, defense, telecommunications, and research applications, and it clientele includes the Israeli Ministry of Defense, Elta (a subsidiary of IAI), Rafael, U.S. Air Force, ECIL (India), Israel Aircraft Industries (IAI), Vectron International, Larsen and Tourbo (India), Elbit, etc. AccuBeat, world leader in atomic clock products and solutions, was selected by the European Space Agency to develop and produce an Ultra Stable Oscillator (USO), for Deep Space Exploration. AccuBeat’s satellite will be launched in 2022 and travel some 600 million Kms to the planet Jupiter, where it will explore the planet’s atmosphere and study its icy moons. Further, the automotive sector is a crucial vertical in South Africa. Owing to the COVID-19 pandemic, several car manufacturers have closed their factories, which has resulted in a massive decline in car sales. For instance, The BMW Group has seized the production at its South African site, along with European factories. The shutdowns of car production are anticipated to impact the growth of the Middle East & Africa atomic clock market in the coming years.
Exhibit: Middle East & Africa Atomic Clock Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Atomic Clock Market Segmentation
The Middle East & Africa atomic clock market is segmented into type, application, and country.
Based on type, the Middle East & Africa atomic clock market is segmented into rubidium atomic clock and CSAC, cesium atomic clock, and hydrogen maser atomic clock. In 2022, the rubidium atomic clock and CSAC segment registered a largest share in the Middle East & Africa atomic clock market.
Based on application, the Middle East & Africa atomic clock market is segmented into space and military/aerospace, scientific and metrology research, telecom and broadcasting, and other applications. In 2022, space and military/aerospace segment registered a largest share in the Middle East & Africa atomic clock market.
Based on country, the Middle East & Africa atomic clock market is segmented into South Africa, Saudi Arabia, the UAE, the Rest of Middle East & Africa. In 2022, Saudi Arabia segment registered a largest share in the Middle East & Africa atomic clock market.
AccuBeat Ltd; Excelitas Technologies Corp; IQD Frequency Products Ltd; Leonardo SpA; Microchip Technology Inc; Oscilloquartz SA; Stanford Research Systems Inc; and Tekron International Ltd are the leading companies operating in the Middle East & Africa atomic clock market.
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