Global Quantum Sensors Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
in its newly published research report, Market Research Future (MRFR), asserts that the global quantum sensors market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy CAGR in the forecast period.
The leading market players operating in the global quantum sensors market as identified by MRFR are-
Biospherical Instruments Inc., Adcon Telemetry Gmbh, Skye Instruments Ltd., Spectrum Technologies Inc., Technology (Microsemi), ADVA Optical, Thomas Industrial Network Inc., AOSense, Networking (Oscilloquartz), GWR Instruments Inc., Radix, METER Group, Impedans Ltd., M-Squared Lasers Limited, Apogee Instrument Inc., and Microchip and Muquans, among others.
The major market players are expected to invest in various research and development projects for technological advancements, along with participating in different business growth strategies such as mergers and acquisitions, joint ventures and partnerships, among others.
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Drivers and Restraints
The rapid technological advancements taking place is upporting in the development of highly advanced devices that are capable of functioning at an optimal level. Quantum sensors are such devices that are widely being utilized in numerous industrial sectors such as automotive, aerospace, military and defense, and others. The ability of these sensors to offer highly precise information and sustain in extreme climatic conditions are inducing higher demand for these sensors in the multiple industrial sectors, which is majorly fueling the expansion of the global quantum sensors market during the assessment period.
The global quantum sensors market has been analyzed on the basis of vertical and product. By vertical, the global quantum sensors market has been segmented into agriculture, automotive, oil and gas, military and defense, healthcare, and others. The military and defense segment holds the maximum share of the global quantum sensors market and is projected to surpass the market valuation of USD 50 million by the end of the assessment period. The growing adoption of quantum sensors for military applications is majorly fueling the growth of this segment.
Based on the product, the global quantum sensors market has been segmented into atomic clocks, gravity sensors, magnetic sensors, photosynthetically active radiation (PAR) quantum sensors, and others. The atomic clocks segment is leading the global quantum sensors market and is estimated to exceed the market valuation of USD 120 milllion by the end of 2023. The higher accuracy of atomic clocks is driving the popularity of several industrial verticals. The PAR quantum sensor segment is exhibiting higher growth potential over the forecast period due to the increasing utilization of these sensors driven by their superior durability.
The geographical analysis of the global market has been carried out in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East and Africa).
The Europe quantum sensors market accounted for the majority market share of 36% in the year 2017 and is poise to sustain its lead over the review period. This is attributed to the extensive research activities that are being carried out for the development of highly advanced devices that operate on a quantum level by understanding the mechanism behind this technology. The North America region commanded the second-largest share of 29% of the global quantum sensors market in the year 2017 due to the augmented investments for technological advancement and the growing utilization of quantum sensors in space exploration programs. The Asia Pacific region is estimating notable growth in the global quantum sensors market due to the increasing space exploration activities that are being carried by the emerging economies and implementation of quantum sensors to support the military and defense sector in the politically unstable countries of this region.
- quantum sensor companies
- quantum sensor providers
- technical universities
- system integrators
- managed security service providers
- professional service providers
- research and development companies
- market research and consulting firms
- solution providers
- technology standards organizations
- technology investors
- system integrators
MRFR employs a dynamic research methodology for a high-quality market research.
Exclusive primary research is conducted with key level industry participants to get a more specific understanding of the distinctions of the market. Secondary research method involves data assimilation from various publicly available sources such as white papers, media articles such as newspapers, reports from non-profit agencies, annual reports, etc. The data collection procedure is followed by the crucial step of data analysis. As a part of our research process, rigorous cross-checking is done to ensure high accuracy of research findings. In addition, precise calculation of the overall market size and sub-markets is made through the top-down and bottom-up approaches.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Forecast Model
5 Market Dynamics
5.2.1 Growing Penetration of Quantum Technology Including Quantum Cryptography and Quantum Cryptology in Healthcare
5.2.2 Development of Next-generation Sensors
5.2.3 Drivers Impact Analysis
5.3.1 Lack of Technical Expertise
5.4.1 Growing Demand for the Internet of Things
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Quantum Sensors Market, by Product by Volume, 2017-2023 (K Units)
Table 4 Global Quantum Sensors Market, by Product, 2017-2023 (Usd Million)
Table 5 Global Quantum Sensors Market, by Vertical, 2017-2023 (Usd Million)
Table 6 Global Quantum Sensors Market, by Volume, 2017-2023 (K Units)
Table 7 Global Quantum Sensors Market, by Region, 2017-2023 (Usd Million)
Table 8 North America Quantum Sensors Market, by Country, 2017-2023 (Usd Million)
List of Figures
Figure 1 Global Quantum Sensors Market: Market Structure
Figure 2 North America Market Size & Market Share by Country (2017 Vs 2023)
Figure 3 Europe Market Size & Market Share by Country (2017 Vs 2023)
Figure 4 Asia-pacific Market Size & Market Share by Country (2017 Vs 2023)
Figure 5 Rest of the World Market Size & Market Share by Country (2017 Vs 2023)
Figure 6 Top Down & Bottom Up Approach
Figure 7 Doc Analysis of Global Quantum Sensors Market
Figure 8 Drivers Impact Analysis: Quantum Sensors Market
Figure 9 Supply Chain: Quantum Sensors Market
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