PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1877468
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1877468
SQUID Sensors Market size was valued at US$ 161.78 Million in 2024, expanding at a CAGR of 4.5% from 2025 to 2032.
SQUID (Superconducting Quantum Interference Device) sensors are highly sensitive detectors of very weak magnetic fields and small electrical currents. Based on the principles of superconductivity and quantum interference, they detect minute magnetic fields and small electrical currents. They measure subtle variations in magnetic flux precisely and can detect fields much smaller than the resolution limits of traditional sensors. SQUID sensors find applications in medical imaging, geophysics, and scientific research. Their sensitivity to slight variations in the magnetic field renders them extremely useful in sophisticated research and technological applications.
SQUID Sensors Market- Market Dynamics
Growing emphasis on precision measurement in material science, facilitating research in superconductivity and magnetic properties.
The SQUID (Superconducting Quantum Interference Device) sensors market is experiencing robust growth due to the increasing demand for highly sensitive and precise magnetic field detection across a wide range of applications. In the healthcare sector, these sensors are crucial for advanced medical diagnostics, particularly in magnetoencephalography (MEG) and ultra-low-field magnetic resonance imaging (MRI), where they enable the detection of extremely weak magnetic signals from the human body, allowing for accurate diagnosis of neurological and cardiac conditions. In scientific research, the sensors are indispensable for experiments in physics, material science, and quantum computing, where detecting minute variations in magnetic flux is critical for breakthroughs in fundamental science and technology.
Technological innovations are further driving the market, with advancements in superconducting materials, cryogenic systems, and miniaturization improving sensor sensitivity, stability, and energy efficiency while reducing overall operational costs. Additionally, increasing funding and investments from governments, research institutions, and private enterprises to develop next-generation diagnostic and monitoring technologies are expanding market opportunities. Industrial applications, including non-destructive testing, geological exploration, and defense systems, are also emerging as key growth areas, as SQUID sensors provide unparalleled precision in detecting magnetic anomalies and structural defects.
Moreover, the rising interest in quantum computing and related technologies is creating new avenues for SQUID sensors, as they are essential for qubit readout and error correction. The convergence of healthcare, research, industrial, and defense applications is creating a diverse and expanding market landscape, positioning SQUID sensors as a critical component in the advancement of modern technology.
For Instance,
In February 2023, EZ SQUID introduced a new line of compact SQUID sensors designed for portable applications. These sensors are optimized for easier integration into various systems, targeting both research and industrial applications.
SQUID Sensors Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2025-2032).
Based on sensor type segmentation, SQUID Magnetometer was predicted to show maximum market share in the year 2024.
Based on operating principal segmentation, RF SQUID was the leading segment in 2024.
Based on end-use industry segmentation, healthcare and Medical emerged as the leading application in 2024.
On the basis of region, North America was the leading revenue generator in 2024
The Global SQUID Sensors Market is segmented on the basis of Sensor Type, Operating Principle, End-use Industry, and Region.
The market is divided into three categories based on sensor type. SQUID Current Sensors and SQUID Magnetometers and Superconducting Switch. The SQUID Magnetometer segment dominates the market. This is because magnetometers offer extremely high sensitivity, capable of detecting even the tiniest magnetic fields, making them ideal for medical diagnostics, scientific research, and industrial applications. Their widespread adoption is supported by technological advancements such as improved superconducting materials, miniaturization, and enhanced energy efficiency. On the other hand, SQUID Current Sensors are mainly used for precise measurement of extremely small electrical currents. While they are essential in specific laboratory and industrial environments, their limited application scope results in a smaller market share compared to magnetometers.
The market is divided into several categories based on end-use industry, including Healthcare and Medical, Neuroimaging, Cardiology, Magnetically Shielded Rooms, and Others. The Healthcare and Medical segment is the largest and is expected to maintain its dominance over the forecast period. The growth is driven by increasing demand for highly accurate diagnostic tools such as magnetoencephalography (MEG) and ultra-low-field MRI systems, which rely heavily on SQUID sensors to detect minute magnetic signals for neurological and cardiac evaluations. Neuroimaging and Cardiology applications are also expanding due to rising investments in specialized diagnostic equipment and advanced medical research. Magnetically Shielded Rooms, designed to reduce external magnetic interference and ensure precise measurements, further drive the adoption of SQUID sensors in both clinical and research environments. Emerging applications in defense, aerospace, and industrial monitoring are also contributing to market growth, highlighting the versatility and critical importance of SQUID sensors across multiple sectors.
SQUID Sensors Market- Geographical Insights
North America dominates the global SQUID sensors market, holding a significant share in 2024.
This leadership is primarily attributed to the region's robust research and development infrastructure, advanced healthcare systems, and early adoption of high-precision diagnostic technologies. The United States and Canada are leading in the deployment of SQUID sensors across medical diagnostics, neuroimaging, cardiology, and advanced scientific research. The presence of numerous world-class research institutions, universities, and sensor manufacturers, along with continuous investments in R&D, has significantly accelerated the adoption of these sensors. Organizations increasingly use magnetoencephalography (MEG), ultra-low-field MRI, and other high-sensitivity measurement systems, which require SQUID sensors for precise detection of weak magnetic fields. Additionally, established companies such as Quantum Design, STAR Cryoelectronics, and Magnicon GmbH are actively innovating, supplying advanced solutions, and supporting local research initiatives, further strengthening the region's market dominance. The combination of government support, private sector investment, and a high concentration of skilled professionals ensures that North America continues to lead the global SQUID sensors market.
Asia Pacific is estimated to register the highest CAGR in the SQUID sensors market during the forecast period in 2024.
The rapid growth in this region is driven by increasing investments in healthcare infrastructure, rising adoption of advanced medical diagnostics, and expanding research activities in physics, quantum technology, and material science. Countries such as China, India, and Japan are witnessing growing awareness and demand for advanced neuroimaging and cardiology diagnostic solutions, which heavily rely on SQUID sensors for accuracy. Government initiatives promoting scientific research, healthcare modernization, and collaborations with private enterprises are further boosting the market. Additionally, improving access to modern research facilities, favorable funding policies, and an increasing pool of trained professionals are accelerating adoption. The growing middle-class population, higher healthcare expenditure, and rising focus on preventive diagnostics are also contributing factors. With technological advancements, expanding applications across medical and research sectors, and increased awareness about the importance of precise diagnostics, Asia Pacific is poised to emerge as the fastest-growing market for SQUID sensors over the coming years.
The global SQUID sensors market is highly competitive, with key players focusing on technological innovation, product development, and strategic collaborations to strengthen their market presence. Leading companies include Quantum Design, STAR Cryoelectronics, Magnicon GmbH, Supracon AG, Cryogenic Limited, Oxford Instruments, Neocera, MIT Lincoln Laboratory, Conductus Inc., D-Wave Systems, Magnisense, Neosensory, Teslatron, Cryomagnetics, Cryogenic Sensors, CryoCorp, Cryoelectra, CryoScience, SENSEORS, and CryoTech Solutions. These organizations are actively investing in R&D to improve sensor sensitivity, miniaturize designs, reduce operational costs, and expand applications across healthcare, neuroimaging, cardiology, industrial monitoring, and scientific research. Recent initiatives include collaborations with universities and research institutes for quantum computing experiments, development of advanced high-sensitivity sensors, and expansion into emerging markets in Asia Pacific and the Middle East. Through these strategies, companies are enhancing their competitive positioning while addressing the growing global demand for precise and reliable magnetic field detection technologies.
In February 2025, Magnicon GmbH launched a new series of high-temperature SQUID sensors, aimed at reducing cryogenic cooling requirements and enhancing performance in medical diagnostics and scientific research.
In September 2024, Supracon AG expanded its R&D capabilities in the Asia Pacific region, aimed at developing advanced SQUID sensor technologies for neuroimaging, cardiology, and quantum research applications.
In March 2024, TDK Corporation announced advancements in their SQUID (Superconducting Quantum Interference Device) sensor technology, aimed at improving sensitivity and reducing noise levels. This development enhances their capability to measure extremely weak magnetic fields, which can be applied in medical imaging and material science.