Quantum Sensors Market

Quantum Sensors Market by Product Type (Atomic Clocks, Magnetic Sensors, PAR Quantum Sensors, Gravimeters & Accelerometers), Application (Aerospace & Defense, Oil & Gas, Agriculture, Automotive, Mining, Healthcare) and Region - Global Forecast to 2027

Report Code: SE 8174 Sep, 2022, by marketsandmarkets.com

The quantum sensors market size is predicted to grow from USD 260 million in 2022 to USD 565 million by 2027, at a CAGR of 16.8%.

Quantum sensors are witnessing rapid developments and are being used in different applications. In the future, there is a probability of quantum sensors taking over other alternative technologies in the fields of bioimaging, spectroscopy, communication, navigation, environmental monitoring, infrastructure monitoring, and geographic surveying.

Quantum sensors can measure minute environmental changes that conventional sensors cannot detect. This advantage over conventional sensors is expected to boost the demand for quantum sensors in the coming years. In the last few years, the attention toward quantum technologies has been rising rapidly.

Quantum Sensors Market

To know about the assumptions considered for the study, Request for Free Sample Report

Quantum Sensors Market Segment Overview

The atomic clocks segment of quantum sensors market is projected to grow at a significant CAGR during the forecast period.

A simple clock-a mechanical clock or quartz clock-is an arrangement that measures the repetition of an event. Likewise, an atomic clock is used to measure the repetition of an event, but with the help of atoms as they count the electronic transition from one state to the other. The atomic clock provides accurate timing using the quantum nature of atomic particles. Technological innovations in atomic clocks have reduced their size and improved accuracy. Thus, they are being used in various applications, such as communication tools, space navigation, and geological measurements.

The market for oil & gas applications is expected to grow at a significant CAGR during the forecast period

The sensors used in the oil & gas industry must be reliable and accurate as they deal with fire-catching substances. The industry faces challenges as these materials’ exploration, production and transportation are hazardous and performed in challenging situations. Detecting oil mines under the sea or ground is a tedious task. The quantum sensors can locate exploration mines accurately and precisely without damaging the environment. They are extremely sensitive to vibrations, making them a perfect instrument to precisely detect gas leaks in pipelines. It is estimated that the use of quantum sensors in oil and gas applications will rise during the forecast period and, ultimately, be used in other related applications.

Quantum Sensors Market by Region

To know about the assumptions considered for the study, download the pdf brochure

The market in North America projected to grow at the highest CAGR from 2022 to 2027.

The North American quantum sensors markets are expected to exhibit high growth rates in the coming years attributed to their rising applications in the aerospace & defense sector and autonomous vehicles.

The US is the most profound market for quantum sensors in North America. Most key companies are based in the US, making the country a prominent market for quantum sensors. The US automotive and military & defense sectors have already started using quantum sensors.

The US ranks first among the countries with the highest number of autonomous vehicles deployed on the road. The market for autonomous vehicles in the US is vast and growing rapidly, with several key players already testing their vehicles. Quantum sensors enable the proper functioning of autonomous vehicles. They enable the safety and brilliant performance of the autonomous vehicle. The US government department National Highway Traffic Safety Administration (NHTSA) also rolled out the AV test initiative in June 2020 to boost the autonomous vehicle market. This initiative lets the end users test autonomous vehicles, which raises awareness among the people. Thus, it is predicted that the autonomous vehicle market in the US will rapidly grow in the coming years, parallelly boosting the quantum sensors market

Top 5 Key Market Players in Quantum Sensors Market

  • Campbell Scientific, Inc. (US),
  • ID Quantique SA (Switzerland),
  • LI-COR, Inc. (US),
  • M Squared Ltd. (UK), and
  • Muquans SAS (France)

Quantum Sensors Market Scope

Report Metric

Details

Market Size Available for Years

2019–2027

Base Year

2021

Forecast Period

2022–2027

Units

Value (USD Million)

Segments Covered

Platform, Product Type, and Application

Geographic Regions Covered

North America, Asia Pacific, Europe, and RoW

Companies Covered

Major Players: Campbell Scientific, Inc. (US), ID Quantique SA (Switzerland), LI-COR, Inc. (US), M Squared Ltd. (UK), and Muquans SAS (France) and Others- (Total 20 players have been covered)

Quantum Sensors Market Dynamics

DRIVERS: Increasing investments in development of quantum technologies

Governments, industry associations, research institutions, and market players globally have increased their investments in quantum sensing research and development activities.

Quantum technologies can be categorized into three parts: quantum computing, quantum sensing, and quantum communications. The year-on-year investment growth in the development of quantum technologies has been rising at a fast pace globally. The table below depicts the total investments made by respective countries in quantum technologies over the past few years.

RESTRAINTS: Availability of low-cost alternatives

The manufacturing of quantum sensors includes complicated techniques and advanced materials, making their research and manufacturing processes expensive.

Also, there are many alternative products available for potential applications of quantum sensors that are less expensive. The market for such alternative technologies is well established globally. For instance, scientists and researchers worldwide already use conventional gravimeters and ground penetrating radars for gravity and underground measurements. In the field of quantum technology, companies have developed quantum gravimeters that can precisely measure gravity. However, conventional gravimeters are more affordable compared with quantum gravimeters. Also, traditional cost-effective magnetic sensors are being widely used in manufacturing, automotive, aerospace, healthcare, and other applications. Thus, the availability of affordable and competitive alternatives for quantum sensors, especially for non-critical applications, may restrain the growth of the quantum sensors market.

OPPORTUNITIES: Growing demand for quantum sensors in medical sector

Several organizations and research institutes have recently undertaken research and development initiatives to develop quantum sensors for medical and healthcare applications.

These research activities have proven that quantum-enabled devices could enhance the precision of medical testing and imaging processes. The highly accurate data generated by quantum devices can further improve the detection process of chronic diseases. For instance, researchers from the University of Stuttgart have stated that quantum sensors can detect cancer at an early stage. Moreover, they can transform robotic operations and prosthetics by measuring and monitoring the smallest variations. Quantum sensors also can outperform traditional detection processes such as Magnetic Resonance Imaging (MRI). Thus, the increasing applications of quantum sensors in the medical sector are expected to create lucrative opportunities for market players.

CHALLENGES: Technical challenges associated with the use of quantum sensors

Quantum sensors are sensitive in nature because they have to make measurements at quantum and atomic states. The high sensitivity makes them a preferred choice in critical applications across the aerospace & defense industry.

However, this makes them difficult to use in normal industrial applications. Hence, when it comes to other potential applications of these sensors outside of laboratory settings or controlled environments, they could face some technical challenges that have been listed below.

  • Hardware Limitations: One of the key challenges for quantum sensor deployment is the lack of hardware designed for sensing outside the controlled laboratory setting where temperatures and conditions remain relatively stable. Limited availability of suitable hardware for real-world applications limits the deployment of quantum sensors in many applications.
  • Handling Unwanted Noises: Quantum sensors can detect very small changes as they are highly sensitive to their surroundings. Hence, the quantum sensors are prone to pick up unwanted noises from their background.

Quantum Sensors Market Categorization

This research report categorizes the quantum sensors market by platform, product type, application, and region.

By Platform:

  • Neutral Atoms  
  • Trapped Ions     
  • Nuclear Magnetic Resonance
  • Optomechanics
  • Photons
  • Defects In Diamonds
  • Superconductors            

By Product Type:

  • Atomic Clocks
  • Magnetic Sensors
  • Photosynthetically active radiation (PAR) Quantum Sensors
  • Gravimeters and Accelerometers

By Application:

  • Aerospace & Defense
  • Oil & Gas
  • Agriculture & Environment
  • Construction & Mining
  • Automotive & Transportation
  • Healthcare
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East & Africa
    • South America

Recent Developments

  • In July 2022, Qnami AG, installed its quantum sensor ProteusQ in the lab of the Center for Nanostructured Media (CNM) of Queen’s University Belfast (UK).
  • In January 2022, ID Quantique SA announced the release of the new time controller series. It is a high-performance, cost-effective device used in advanced single-photon applications.
  • In June 2021, Apogee Instruments, Inc. announced that the company would replace all the old models of the original quantum sensor series with the “X” models as they will be included with a different internal detector.

Frequently Asked Questions (FAQs):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 QUANTUM SENSORS MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 QUANTUM SENSORS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 3 QUANTUM SENSORS MARKET: RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for deriving market size by bottom-up analysis (demand side)
                               FIGURE 4 QUANTUM SENSORS MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for deriving market size by using top-down analysis (supply side)
                               FIGURE 5 MARKET: TOP-DOWN APPROACH
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR QUANTUM SENSORS MARKET USING SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 QUANTUM SENSORS MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 8 QUANTUM SENSORS MARKET, 2019–2027 (USD MILLION)
    FIGURE 9 ATOMIC CLOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 10 AEROSPACE & DEFENSE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET BETWEEN 2022 AND 2027
    FIGURE 11 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN QUANTUM SENSORS MARKET
           FIGURE 12 EXPANDING AUTONOMOUS VEHICLES MARKET
    4.2 MARKET, BY PRODUCT TYPE
           FIGURE 13 MAGNETIC SENSORS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY APPLICATION
           FIGURE 14 AEROSPACE & DEFENSE SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2027
    4.4 NORTH AMERICAN MARKET, BY COUNTRY AND APPLICATION
           FIGURE 15 US AND AEROSPACE & DEFENSE SEGMENT TO HOLD LARGEST SHARES OF NORTH AMERICAN MARKET IN 2027
    4.5 QUANTUM SENSORS MARKET, BY COUNTRY
           FIGURE 16 US TO EXHIBIT HIGHEST CAGR IN MARKET FROM 2022 TO 2027

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 QUANTUM SENSORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing need for high-precision measurements in various crucial applications
                               TABLE 2 CONVENTIONAL SENSORS VS. QUANTUM SENSORS
                    5.2.1.2 Increasing investments in development of quantum technologies
                               TABLE 3 INVESTMENTS IN DEVELOPMENT OF QUANTUM TECHNOLOGIES, BY COUNTRY
                    5.2.1.3 Growing use of quantum sensors in space industry
                               FIGURE 18 MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Availability of low-cost alternatives
                    5.2.2.2 High deployment and maintenance costs
                               FIGURE 19 MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for quantum sensors in medical sector
                    5.2.3.2 Emerging autonomous vehicle market
                    5.2.3.3 Rising use of quantum sensors for accurate navigation in oceanography and marine applications
                               FIGURE 20 QUANTUM SENSORS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Technical challenges associated with use of quantum sensors
                               FIGURE 21 MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 23 MARKET: ECOSYSTEM ANALYSIS
           TABLE 4 MARKET: ECOSYSTEM
    5.5 PRICING ANALYSIS
           TABLE 5 INDICATIVE PRICE OF PAR QUANTUM SENSORS (USD)
           5.5.1 AVERAGE SELLING PRICE OF PAR QUANTUM SENSORS OFFERED BY THREE KEY PLAYERS
                    FIGURE 24 AVERAGE SELLING PRICE OF PAR QUANTUM SENSORS OFFERED BY THREE KEY PLAYERS
                    TABLE 6 AVERAGE SELLING PRICE OF PAR QUANTUM SENSORS OFFERED BY THREE KEY PLAYERS (USD)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS OPERATING IN QUANTUM SENSORS MARKET
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 QUANTUM COMPUTING
           5.7.2 QUANTUM SIMULATION
           5.7.3 QUANTUM COMMUNICATION
           5.7.4 AUTOMATED MACHINE LEARNING
    5.8 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 QUANTUM SENSORS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.10 CASE STUDY ANALYSIS
           TABLE 10 APOGEE INSTRUMENTS, INC.’S PAR SENSORS INCREASE CANNABIS YIELD
           TABLE 11 US NATIONAL ECOLOGICAL OBSERVATORY NETWORK USES KIPP & ZONEN’S PAR SENSORS TO ACQUIRE ACCURATE DATA
           TABLE 12 ADVANCE NAVIGATION PARTNERED WITH Q-CTRL PTY LTD. TO DEVELOP QUANTUM-ENABLED NAVIGATION SYSTEM
    5.11 TRADE ANALYSIS
           FIGURE 28 IMPORT SCENARIO OF PARTS AND ACCESSORIES FOR INSTRUMENTS AND APPARATUS, BY KEY COUNTRY, 2017−2021 (USD MILLION)
           FIGURE 29 EXPORT DATA FOR PARTS AND ACCESSORIES FOR INSTRUMENTS AND APPARATUS, BY KEY COUNTRY, 2017−2021 (USD MILLION)
    5.12 PATENT ANALYSIS
           FIGURE 30 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 13 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 31 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
           TABLE 14 LIST OF FEW PATENTS RELATED TO QUANTUM SENSORS MARKET, 2020–2021
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 15 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 19 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.1 STANDARDS
                    TABLE 20 STANDARDS FOR QUANTUM SENSORS MARKET

6 QUANTUM SENSORS MARKET, BY PLATFORM (Page No. - 71)
    6.1 INTRODUCTION
           FIGURE 32 MARKET, BY PLATFORM
    6.2 NEUTRAL ATOMS
    6.3 TRAPPED IONS
    6.4 NUCLEAR MAGNETIC RESONANCE
    6.5 OPTOMECHANICS
    6.6 PHOTONS
    6.7 DEFECTS IN DIAMONDS
    6.8 SUPERCONDUCTORS

7 QUANTUM SENSORS MARKET, BY PRODUCT TYPE (Page No. - 74)
    7.1 INTRODUCTION
           FIGURE 33 QUANTUM SENSORS MARKET, BY PRODUCT TYPE
           FIGURE 34 MAGNETIC SENSORS SEGMENT TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
           TABLE 21 MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
           TABLE 22 MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
    7.2 ATOMIC CLOCKS
           7.2.1 GROWING USE OF ATOMIC CLOCKS IN FINANCIAL SECTOR
                    TABLE 23 ATOMIC CLOCKS: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                    TABLE 24 ATOMIC CLOCKS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 25 ATOMIC CLOCKS: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 26 ATOMIC CLOCKS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 MAGNETIC SENSORS
           7.3.1 RISING DEMAND FOR MAGNETIC SENSORS IN HEALTHCARE SECTOR
                    TABLE 27 MAGNETIC SENSORS: QUANTUM SENSORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                    TABLE 28 MAGNETIC SENSORS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 29 MAGNETIC SENSORS: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 30 MAGNETIC SENSORS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 PAR QUANTUM SENSORS
           7.4.1 INCREASING USE OF PAR QUANTUM SENSORS IN AGRICULTURE INDUSTRY
                    TABLE 31 PAR QUANTUM SENSORS: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                    TABLE 32 PAR QUANTUM SENSORS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 33 PAR QUANTUM SENSORS: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 34 PAR QUANTUM SENSORS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 GRAVIMETERS AND ACCELEROMETERS
           7.5.1 HIGH ADOPTION OF GRAVIMETERS IN OIL & GAS INDUSTRY
                    TABLE 35 QUANTUM SENSORS MARKET: TECHNOLOGY COMPARISON
                    TABLE 36 GRAVIMETERS AND ACCELEROMETERS: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                    TABLE 37 GRAVIMETERS AND ACCELEROMETERS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 38 GRAVIMETERS AND ACCELEROMETERS: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 39 GRAVIMETERS AND ACCELEROMETERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

8 QUANTUM SENSORS MARKET, BY APPLICATION (Page No. - 84)
    8.1 INTRODUCTION
           FIGURE 35 MARKET, BY APPLICATION
           TABLE 40 MARKET: USE CASES BASED ON APPLICATION
           FIGURE 36 AEROSPACE & DEFENSE SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2027
           TABLE 41 MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 42 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.2 AEROSPACE & DEFENSE
           8.2.1 GROWING NEED FOR NON-GPS-BASED TECHNOLOGIES
                    TABLE 43 AEROSPACE & DEFENSE: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                    TABLE 44 AEROSPACE & DEFENSE: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                    TABLE 45 AEROSPACE & DEFENSE: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 46 AEROSPACE & DEFENSE: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 OIL & GAS
           8.3.1 RISING DEMAND FOR ACCURATE AND PRECISE DATA
                    TABLE 47 OIL & GAS: QUANTUM SENSORS MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                    TABLE 48 OIL & GAS: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                    TABLE 49 OIL & GAS: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 50 OIL & GAS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 AGRICULTURE & ENVIRONMENT
           8.4.1 GROWING NEED TO MEASURE ACTIVE RADIATION
                    TABLE 51 AGRICULTURE & ENVIRONMENT: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                    TABLE 52 AGRICULTURE & ENVIRONMENT: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                    TABLE 53 AGRICULTURE & ENVIRONMENT: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 54 AGRICULTURE & ENVIRONMENT: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.5 CONSTRUCTION & MINING
           8.5.1 GROWING DEMAND FOR ACCURATE AND SAFE UNDERGROUND SURVEYING SYSTEMS
                    TABLE 55 CONSTRUCTION & MINING: QUANTUM SENSORS MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                    TABLE 56 CONSTRUCTION & MINING: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                    TABLE 57 CONSTRUCTION & MINING: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 58 CONSTRUCTION & MINING: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.6 AUTOMOTIVE & TRANSPORTATION
           8.6.1 HIGH DEMAND FOR RELIABLE AND SAFE NAVIGATION SYSTEMS
                    TABLE 59 AUTOMOTIVE & TRANSPORTATION: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                    TABLE 60 AUTOMOTIVE & TRANSPORTATION: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                    TABLE 61 AUTOMOTIVE & TRANSPORTATION: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 62 AUTOMOTIVE & TRANSPORTATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.7 HEALTHCARE
           8.7.1 RISING DEMAND FOR ACCURATE MEASUREMENTS
                    TABLE 63 HEALTHCARE: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
                    TABLE 64 HEALTHCARE: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
                    TABLE 65 HEALTHCARE: MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 66 HEALTHCARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.8 OTHERS
           TABLE 67 OTHERS: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
           TABLE 68 OTHERS: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
           TABLE 69 OTHERS: MARKET, BY REGION, 2019–2021 (USD MILLION)
           TABLE 70 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

9 QUANTUM SENSORS MARKET, BY REGION (Page No. - 99)
    9.1 INTRODUCTION
           FIGURE 37 QUANTUM SENSORS MARKET, BY REGION
           FIGURE 38 US TO EXHIBIT HIGHEST CAGR IN GLOBAL MARKET FROM 2022 TO 2027
           TABLE 71 MARKET, BY REGION, 2019–2021 (USD MILLION)
           TABLE 72 MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 39 NORTH AMERICA: SNAPSHOT OF QUANTUM SENSORS MARKET
           FIGURE 40 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN MARKET DURING FORECAST PERIOD
           TABLE 73 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
           TABLE 74 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 75 NORTH AMERICA: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
           TABLE 76 NORTH AMERICA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
           TABLE 77 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 78 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Rising applications of quantum sensors in military & defense sector
           9.2.2 CANADA
                    9.2.2.1 Increasing government-led research and development (R&D) initiatives
           9.2.3 MEXICO
                    9.2.3.1 Growing awareness regarding benefits of quantum technology
    9.3 EUROPE
           FIGURE 41 EUROPE: SNAPSHOT OF QUANTUM SENSORS MARKET
           FIGURE 42 GERMANY TO ACCOUNT FOR LARGEST SHARE OF EUROPEAN MARKET DURING FORECAST PERIOD
           TABLE 79 EUROPE: MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
           TABLE 80 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 81 EUROPE: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
           TABLE 82 EUROPE: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
           TABLE 83 EUROPE: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 84 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 High research and development (R&D) investments
           9.3.2 GERMANY
                    9.3.2.1 Presence of key automobile manufacturers
           9.3.3 FRANCE
                    9.3.3.1 Rising government-led initiatives to boost quantum sensor industry
           9.3.4 REST OF EUROPE
    9.4 ASIA PACIFIC
           FIGURE 43 ASIA PACIFIC: SNAPSHOT OF QUANTUM SENSORS MARKET
           FIGURE 44 CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC MARKET DURING FORECAST PERIOD
           TABLE 85 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
           TABLE 86 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 87 ASIA PACIFIC: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
           TABLE 88 ASIA PACIFIC: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
           TABLE 89 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 90 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Expanding automotive industry
           9.4.2 JAPAN
                    9.4.2.1 Rising number of research projects related to quantum technologies
           9.4.3 INDIA
                    9.4.3.1 High focus on deployment of quantum sensors
           9.4.4 SOUTH KOREA
                    9.4.4.1 Rising focus on autonomous vehicles
           9.4.5 REST OF ASIA PACIFIC
    9.5 REST OF THE WORLD (ROW)
           FIGURE 45 MIDDLE EAST & AFRICA TO HOLD LARGER SHARE OF ROW MARKET DURING FORECAST PERIOD
           TABLE 91 ROW: MARKET, BY REGION, 2019–2021 (USD MILLION)
           TABLE 92 ROW: QUANTUM SENSORS MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 93 ROW: MARKET, BY PRODUCT TYPE, 2019–2021 (USD MILLION)
           TABLE 94 ROW: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
           TABLE 95 ROW: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 96 ROW: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.1 MIDDLE EAST & AFRICA
                    9.5.1.1 Rising government-led initiatives and investments related to quantum sensing technologies
           9.5.2 SOUTH AMERICA
                    9.5.2.1 Growing agriculture and automotive industries

10 COMPETITIVE LANDSCAPE (Page No. - 120)
     10.1 INTRODUCTION
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
             TABLE 97 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MARKET
     10.3 MARKET SHARE ANALYSIS, 2021
             TABLE 98 QUANTUM SENSORS MARKET: MARKET SHARE ANALYSIS (2021)
     10.4 COMPANY EVALUATION QUADRANT, 2021
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 PARTICIPANTS
                        FIGURE 46 QUANTUM SENSORS MARKET: COMPANY EVALUATION QUADRANT, 2021
     10.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                        FIGURE 47  MARKET: SME EVALUATION QUADRANT, 2021
     10.6 MARKET: COMPANY FOOTPRINT
             TABLE 99 COMPANY FOOTPRINT
             TABLE 100 APPLICATION: COMPANY FOOTPRINT
             TABLE 101 REGION: COMPANY FOOTPRINT
     10.7 COMPETITIVE BENCHMARKING
             TABLE 102 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 103 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.8 COMPETITIVE SCENARIOS AND TRENDS
             10.8.1 QUANTUM SENSORS MARKET: PRODUCT LAUNCHES
             10.8.2 MARKET: DEALS

11 COMPANY PROFILES (Page No. - 133)
     11.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View)* 
             11.1.1 APOGEE INSTRUMENTS, INC.
                        TABLE 104 APOGEE INSTRUMENTS, INC.: COMPANY OVERVIEW
                        TABLE 105 APOGEE INSTRUMENTS, INC.: PRODUCT OFFERINGS
                        TABLE 106 APOGEE INSTRUMENTS, INC.: PRODUCT LAUNCHES
             11.1.2 ID QUANTIQUE SA
                        TABLE 107 ID QUANTIQUE SA: COMPANY OVERVIEW
                        TABLE 108 ID QUANTIQUE SA: PRODUCT OFFERINGS
                        TABLE 109 ID QUANTIQUE SA: PRODUCT LAUNCHES
             11.1.3 LI-COR, INC.
                        TABLE 110 LI-COR, INC.: COMPANY OVERVIEW
                        TABLE 111 LI-COR, INC.: PRODUCT OFFERINGS
             11.1.4 M SQUARED LTD.
                        TABLE 112 M SQUARED LTD.: COMPANY OVERVIEW
                        TABLE 113 M SQUARED LTD.: PRODUCT OFFERINGS
                        TABLE 114 M SQUARED LTD.: PRODUCT LAUNCHES
                        TABLE 115 M SQUARED LTD.: OTHERS
             11.1.5 MUQUANS SAS
                        TABLE 116 MUQUANS SAS: COMPANY OVERVIEW
                        TABLE 117 MUQUANS SAS: PRODUCT OFFERINGS
                        TABLE 118 MUQUANS SAS: PRODUCT LAUNCHES
                        TABLE 119 MUQUANS SAS: DEALS
             11.1.6 AOSENSE, INC.
                        TABLE 120 AOSENSE, INC.: COMPANY OVERVIEW
                        TABLE 121 AOSENSE, INC.: PRODUCT OFFERINGS
                        TABLE 122 AOSENSE, INC.: PRODUCT LAUNCHES
             11.1.7 CAMPBELL SCIENTIFIC, INC.
                        TABLE 123 CAMPBELL SCIENTIFIC, INC.: COMPANY OVERVIEW
                        TABLE 124 CAMPBELL SCIENTIFIC, INC.: PRODUCT OFFERINGS
                        TABLE 125 CAMPBELL SCIENTIFIC, INC.: OTHERS
             11.1.8 IMPEDANS LTD.
                        TABLE 126 IMPEDANS LTD.: COMPANY OVERVIEW
                        TABLE 127 IMPEDANS LTD.: PRODUCT OFFERINGS
             11.1.9 KIPP & ZONEN
                        TABLE 128 KIPP & ZONEN: COMPANY OVERVIEW
                        TABLE 129 KIPP & ZONEN: PRODUCT OFFERINGS
             11.1.10 SEA-BIRD SCIENTIFIC
                        TABLE 130 SEA-BIRD SCIENTIFIC: COMPANY OVERVIEW
                        TABLE 131 SEA-BIRD SCIENTIFIC: PRODUCT OFFERINGS
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies. 
     11.2 OTHER KEY PLAYERS
             11.2.1 ATOMIONICS PTE LTD.
             11.2.2 GEM SYSTEMS
             11.2.3 NOMAD ATOMICS PTY LTD.
             11.2.4 Q-CTRL PTY LTD.
             11.2.5 QNAMI AG
             11.2.6 SKYE INSTRUMENTS LTD.
             11.2.7 SOLAR LIGHT COMPANY, LLC
             11.2.8 SPECTRUM TECHNOLOGIES, INC.
             11.2.9 VECTOR ATOMIC
             11.2.10 Q.ANT GMBH

12 ADJACENT AND RELATED MARKETS (Page No. - 157)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 SMART SENSORS MARKET, BY TECHNOLOGY
             12.3.1 INTRODUCTION
                        TABLE 132 SMART SENSORS MARKET, BY TECHNOLOGY, 2018–2021 (USD BILLION)
                        TABLE 133 SMART SENSORS MARKET, BY TECHNOLOGY, 2022–2027 (USD BILLION)
             12.3.2 MAJOR PACKAGING TYPES CONSIDERED IN SMART SENSORS MARKET
                        TABLE 134 TECHNICAL FEATURES OF SYSTEM-IN-PACKAGE (SIP) AND SYSTEM-ON-CHIP (SOC)
             12.3.3 MEMS TECHNOLOGY
                        12.3.3.1 Increasing adoption of MEMS technology-based smart sensors in various process industries to boost market growth
                                     TABLE 135 SMART SENSORS MARKET FOR MEMS TECHNOLOGY, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 136 SMART SENSORS MARKET FOR MEMS TECHNOLOGY, BY TYPE, 2022–2027 (USD MILLION)
             12.3.4 CMOS TECHNOLOGY
                        12.3.4.1 Characteristics such as low static power consumption and high noise immunity driving demand for CMOS technology
                                     TABLE 137 SMART SENSORS MARKET FOR CMOS TECHNOLOGY, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 138 SMART SENSORS MARKET FOR CMOS TECHNOLOGY, BY TYPE, 2022–2027 (USD MILLION)

13 APPENDIX (Page No. - 165)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 CUSTOMIZATION OPTIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the quantum sensors market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the quantum sensors market.

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred quantum sensors providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from quantum sensors providers, such as Campbell Scientific, Inc. (US), ID Quantique SA (Switzerland), LI-COR, Inc. (US), M Squared Ltd. (UK), and Muquans SAS (France); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.

Quantum Sensors Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the quantum sensors market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the quantum sensors market based on offering and type
  • To define, describe, and forecast the quantum sensors market based on different applications
  • To describe and forecast the size of the quantum sensors market based on four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World, along with their respective countries
  • To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market size
  • To study the complete value chain of the quantum sensors market
  • To analyze opportunities for stakeholders by identifying high-growth segments of the market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies
  • To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Quantum Sensors Market Size,  Share & Growth Report
Report Code
SE 8174
Published ON
Sep, 2022
Choose License Type
BUY NOW
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status