Quantam Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Quantam Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Report Digest
Global market for quantum sensors is expected to have a significant growth in 2021, over 2020 registering a steady CAGR. Features such as accuracy and credibility are making this technology to come in demand.
Quantum sensor is a device which has quantized energy levels using quantum coherence to measure a physical quantity. Properties of quantum mechanics such as quantum entanglement, interference and state squeezing are utilized in devices. These are a class of sensors offering high level of sensitivity based on the properties of quantum mechanics. Quantum sensors provide highly stable and accurate frequency standards.
Growth of IoT and AI may fuel the market
Miniaturization of sensors, rising developments in IoT and emerging trends in AI are the reasons of its significant growth in the market. There is a rise in adoption of quantum sensors in various electronics and mechanical fields. Its use in sensors such as rotational, imaging, motion, gravity, etc. make them the most demanding device in today’s automotive world.
Complexities in quantum sensors
Quantum sensors being very sensitive can manipulate the records just by little bit of change in the sorroundings. Thus, the challenge is to isolate the quantum sensors from external disturbances. The problem of sensitivity can potentially be a factor for inhibition in the growth of quantum sensors.
Competitive Landscape
- Adsense
- Radix
- METER Group
- Adcon Telemetry Gmbh
- Microchip
- Impedans
- Apogee Instrument Inc
- ADVA
- Thomas Industrial Network Inc
- Technology (Microsemi)
- GWR Instruments
- Skye Instruments Ltd.
Recent developments
- University of Nottingham in December 2020 has announced its partnership with Magnetic Shields Limited to launch a spin out company, namely, Circa Magnetics Limited for bringing the world’s most advanced functional brain scanner in the market. Researchers have been working on the technology from past 5 years.
- Rafael Advanced Defense Systems Ltd., a defense technology company announced in December 2020 about its investments in quantum sensors. The company aims to improve existing sensors on the battle field, solution for GPS-denied environments.
- In November 2020, TRUMPF, a German Company announced its partnership with sensor specialist SICK (another German company) to develop quantum optical sensors. The functional tests of quantum optical sensor have been performed by the companies after which the collaboration began.
Regional Outlook
Europe has been the dominating market of quantum sensors since 2017. Rising demand for quantum sensors and escalating military and defense sector are the factors which contribute in significant growth. UK was one of the early movers in quantum sector and now the demand is surging. Focus on applications in geophysics, navigation, brain imaging, and precision timing has led to create significant impact on quantum sensors market.
North America is the second leading region owing to its use in medical sector. Spending on healthcare infrastructure and latest technologies adapted by US is the major factor driving the growth.
Segmentation
Based on Product
- Atomic Clocks
- Magnetic Sensors
- PAR Quantum Sensors
- Gravity Sensors
Based on Application
- Military and Defense
- Automotive
- Medical
Based on Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Key Questions Answered
- Which application can be the root cause of growth of quantum sensors?
For its precision and accuracy, its demand in medical sector can be the uplifting factor for its growth.
- How covid-9 impacted the growth of quantum sensors?
Delay in industrial work, shut down of various electronic and mechanical industries affected the market negatively. The lockdown imposed caused supply chain disruption, massive fall in economy, etc. slowed down the quantum mechanics market.
- List the manufacturers of RF equipment system.
Adcon Telemetry Gmbh, Microchip, Impedans, Apogee Instrument Inc, ADVA are some of the companies focussing on research and developments in quantum sensors.
- Classify quantum sensors based on products.
Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors, Gravity Sensors.
- Which region to hold the largest market value during the forecast period?
Europe is the leading market presently and is projected to grow during the forecast period 2021-2031 too owing to escalating military and defense.
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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