The global quantum sensors market size is expected to grow from USD 260 million in 2022 to USD 565 million by 2027, at a CAGR of 16.8% from 2022 to 2027. The growing need for high-precision and accurate measurements in crucial applications such as aerospace and defense and autonomous vehicles is driving the demand for quantum sensing technology. Startups and key players in the market are investing in the research and development of quantum sensing technologies such as magnetic sensors, gravimeters, accelerometers, and atomic clocks. Besides, governments of developed economies, such as the US, Japan, and Germany, and developing economies, such as India and Israel, are taking initiatives and allocating funds to develop quantum technologies. The medical and automotive sectors are the new potential markets that are expected to create lucrative opportunities for the market players.
Campbell Scientific, Inc. (US), ID Quantique SA (Switzerland), LI-COR, Inc. (US), M Squared Ltd. (UK), and Muquans SAS (France) are some of the key players in the global quantum sensors market. These companies strengthen their market position by developing innovative products and acquiring small players.
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Campbell Scientific, Inc.
Campbell Scientific, Inc. is involved in designing and manufacturing data loggers, data acquisition systems, and measurement and control products. The company caters to the research, industrial, and environmental markets. The company develops high-performance, robust, precision PAR quantum sensors and offers them to the environmental and agricultural sectors. The company has established an exceptional geographic presence via affiliate offices in major countries, including Canada, China, France, Germany, India, South Africa, and the UK.
ID Quantique SA
ID Quantique SA is a global company providing quantum-safe security, random number generation, and quantum sensing technologies. The company operates through two business units: Quantum Safe-security and Quantum Sensing. The Quantum Sensing segment’s products cater to various applications, such as quantum physics, communication, bio and material sciences, defense and security, and oil and gas. The company is headquartered in Switzerland and has engineering and R&D labs and offices in the US and South Korea.
LI-COR, Inc. is an American company developing and manufacturing high-performance instruments for plant biology and environmental research. The company has introduced various innovative instruments over time and has a complete range of instruments needed for environmental and plant research, which includes terrestrial and underwater radiation sensors, as well as light meters and data loggers. The company first introduced its quantum sensor in 1971, marketed by LI-185 Quantum/Radiometer/Photometer. Since then, various developments and innovations have led the company to be one of the key players in the global market.
M Squared Ltd.
M Squared Ltd. is a scientific laser-engineered company that develops instruments based on photonics and quantum technology. The products developed by the company are used in various applications, including quantum technology, biophotonics, and chemical sensing. The company developed the UK’s first quantum sensor in collaboration with the Imperial College London. The company provides a wide range of quantum technology products, including quantum accelerometers, gravimeters, clocks, optical systems, and electronics. These quantum products are used in sensing, navigation, accelerometery, gravimetry, and metrology. It offers quantum technology products to various businesses and research institutions.
Muquans SAS is a high-tech company specializing in high-performance gravity sensing, time and frequency applications, and laser solutions. Its product portfolio includes absolute quantum gravimeter, MuClock, laser and optical solutions, time and frequency transfer, and custom solutions. The absolute quantum gravimeters offered by the company are one of the popular quantum gravimeters available on the marketplace. They are compact and transportable sensors and require low maintenance.
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
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