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PUBLISHER: Grand View Research | PRODUCT CODE: 1301284
PUBLISHER: Grand View Research | PRODUCT CODE: 1301284
Quantum Sensor Market Size, Share & Trends Analysis Report By Product Type (Atomic Clocks, PAR Quantum Sensors), By Application (Healthcare, Automotive), By Region (Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030
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Quantum Sensor Market Growth & Trends
The global quantum sensors market size is anticipated to reach USD 1.42 billion by 2030, registering a CAGR of 7.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Quantum sensors detect use techniques of quantum interference, entanglement, and quantum state squeezing to design and engineer quantum sources as well as measurements in numerous technological applications including, but not limited to microscopy, navigation & communication, electronic & magnetic field sensors, as well as positioning systems. Most commonly observed quantum-sensing measurement devices include atomic clocks, magnetometers, quantum radars, neuroimaging, and quantum gravity gradiometers.
The increasing demand for high-precision measurement equipment across various applications, especially in healthcare and automotive & transportation, is the prime factor boosting the demand for quantum sensors. In addition, considerable investments from the governments of numerous countries propel the development of quantum sensors in military & defense applications, further boosting the market growth. The Canadian government announced USD 360 million worth of investment to launch a National Quantum Strategy in April 2021. In 2019, the Government of the Netherlands announced a National Agenda on Quantum Technologies that aims to position the Netherlands as a leading international center for the quantum ecosystem. Similarly, the German government announced funding of USD 701 million in quantum technology platforms.
Quantum technology, including sensing, is projected to gain considerable exposure from space applications in the near future. Quantum sensors are suitable for satellite applications as they offer high accuracy in measurements, are durable, and provide high efficiency in a compact, low-weight package. The fundamental atomic features and quantum interference measurements offer high-precision measurement abilities for space navigation, position, and timing. In August 2022, a German consortium composed of Bosch, Q.ANT, TRUMPF, and the German Aerospace Center (DLR) announced their plans to use quantum technology to enhance satellite measurement stability. The team was to develop space-qualified attitude sensors to enhance internet access, especially in remote regions.
The Asia Pacific region is projected to grow at the second-fastest CAGR of 9.2% during the forecast period. The growing use of advanced imaging devices and quantum sensors across various applications, including defense, healthcare, automotive, and transportation, among others is the prime factor boosting the market growth. Moreover, the government initiatives supporting R&D in the field and promoting the use of quantum technology further make it a region with lucrative growth opportunities. The Indian Government launched National Quantum Mission worth USD 735.7 million for research in quantum technologies to be applied across various end-use sectors, including health, finance, communication, and energy.
Quantum Sensor Market Report Highlights
- The atomic clock segment held the largest share of 37% in 2023 and is projected to grow at a significant CAGR during the forecast period. The atomic clocks use atomic resonance frequency standards and are very precise timekeepers
- NASA's Deep Space Atomic Clock is one of the much-known examples of the same. The growing applications for atomic sensors in navigation, power grid, telecommunication, and financial trading, among others, is a prime factor boosting the sales of atomic clock devices
- The healthcare application segment held the largest share and is projected to grow at the fastest CAGR during the forecast period. Quantum sensors are being used in biomedical devices to empower a radical rise in their sensitivity
- A new generation of medical imaging devices that are capable of detecting human physiology will lead to faster and more precise diagnoses. Such devices can benefit from quantum sensors and provide considerable growth opportunities in the field of medical devices
- Major launches and innovations are augmenting the automation tool segment. For instance, in December 2022, AOSense, a small company, created the first generation of quantum technology and novel products in quantum gravimetry. The company worked with NASA's Goddard Space Flight Center, to develop quantum sensors for precise navigation
Product Code: GVR-4-68040-091-8
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Information Procurement and Research Scope
- 1.2 Information Analysis
- 1.3 Market Formulation & Data Visualization
- 1.4 Market Scope and Assumptions
- 1.4.1 Secondary Sources
- 1.4.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Global
- 2.2.1 Global Quantum Sensor Market, 2017 - 2030
- 2.2.2 Global Quantum Sensor Market, by Region, 2017 - 2030
- 2.2.3 Global Quantum Sensor Market, by Product Type, 2017 - 2030
- 2.2.4 Global Quantum Sensor Market, by Application, 2017 - 2030
- 2.3 Segmental Trends
Chapter 3 Quantum Sensor Market Variables, Trends & Scope
- 3.1 Market Lineage
- 3.2 Industry Value Chain Analysis
- 3.3 Regulatory Framework
- 3.4 Technology Framework
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint Analysis
- 3.5.3 Industry Challenges
- 3.6 Business Environmental Tools Analysis: Quantum Sensor Market
- 3.6.1 Porter's Five Forces Analysis
- 3.6.1.1 Bargaining Power of Suppliers
- 3.6.1.2 Bargaining Power of Buyers
- 3.6.1.3 Threat of Substitution
- 3.6.1.4 Threat of New Entrants
- 3.6.1.5 Competitive Rivalry
- 3.6.2 Pestle Analysis
- 3.6.2.1 Political Landscape
- 3.6.2.2 Economic Landscape
- 3.6.2.3 Social Landscape
- 3.6.2.4 Technology Landscape
- 3.6.2.5 Environmental Landscape
- 3.6.2.6 Legal Landscape
- 3.6.1 Porter's Five Forces Analysis
- 3.7 Economic Mega Trend Analysis
Chapter 4 Quantum Sensor Market: Product Type Outlook
- 4.1 Quantum Sensor Market Share by Product Type, 2022 & 2030
- 4.2 Atomic Clocks
- 4.2.1 Atomic Clocks Quantum Sensor Market, by Region, 2017 - 2030
- 4.3 Gravitational Sensors
- 4.3.1 Gravitational Sensors Quantum Sensor Market, by Region, 2017 - 2030
- 4.3 PAR Quantum Sensors
- 4.3.1 PAR Quantum Sensors Quantum Sensor Market, by Region, 2017 - 2030
- 4.3 Quantum Magnetic Sensors
- 4.3.1 Quantum Magnetic Sensors Quantum Sensor Market, by Region, 2017 - 2030
- 4.4 Others
- 4.4.1 Others Quantum Sensor Market, by Region, 2017 - 2030
Chapter 5 Quantum Sensor Market: Application Outlook
- 5.1 Quantum Sensor Market Share by Application, 2022 & 2030
- 5.2 Aerospace and Defense
- 5.2.1 Aerospace and Defense Quantum Sensor Market, by Region, 2017 - 2030
- 5.3 Automotive
- 5.3.1 Automotive Quantum Sensor Market, by Region, 2017 - 2030
- 5.4 Oil and Gas
- 5.4.1 Oil and Gas Quantum Sensor Market, by Region, 2017 - 2030
- 5.5 Healthcare
- 5.5.1 Healthcare Quantum Sensor Market, by Region, 2017 - 2030
- 5.6 Other
- 5.6.1 Other Quantum Sensor Market, by Region, 2017 - 2030
Chapter 6 Quantum Sensor Market: Regional Outlook
- 6.1 North America
- 6.1.1 North America Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.1.2 North America Quantum Sensor Market, by Application, 2017 - 2030
- 6.1.5 U.S.
- 6.1.5.1 U.S. Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.1.5.2 U.S. Quantum Sensor Market, by Application, 2017 - 2030
- 6.1.6 Canada
- 6.1.6.1 Canada Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.1.6.2 Canada Quantum Sensor Market, by Application, 2017 - 2030
- 6.2 Europe
- 6.2.1 Europe Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.2.2 Europe Quantum Sensor Market, by Application, 2017 - 2030
- 6.2.5 UK
- 6.2.5.1 UK Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.2.5.2 UK Quantum Sensor Market, by Application, 2017 - 2030
- 6.2.6 Germany
- 6.2.6.1 Germany Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.2.6.2 Germany Quantum Sensor Market, by Application, 2017 - 2030
- 6.2.7 France
- 6.2.7.1 France Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.2.7.2 France Quantum Sensor Market, by Application, 2017 - 2030
- 6.3 Asia Pacific
- 6.3.1 Asia Pacific Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.3.2 Asia Pacific Quantum Sensor Market, by Application, 2017 - 2030
- 6.3.5 China
- 6.3.5.1 China Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.3.5.2 China Quantum Sensor Market, by Application, 2017 - 2030
- 6.3.6 Japan
- 6.3.6.1 Japan Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.3.6.2 Japan Quantum Sensor Market, by Application, 2017 - 2030
- 6.3.7 India
- 6.3.7.1 India Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.3.7.2 India Quantum Sensor Market, by Application, 2017 - 2030
- 6.3.8 South Korea
- 6.3.8.1 South Korea Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.3.8.2 South Korea Quantum Sensor Market, by Application, 2017 - 2030
- 6.3.9 Australia
- 6.3.9.1 Australia Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.3.9.2 Australia Quantum Sensor Market, by Application, 2017 - 2030
- 6.4 Latin America
- 6.4.1 Latin America Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.4.2 Latin America Quantum Sensor Market, by Application, 2017 - 2030
- 6.4.5 Brazil
- 6.4.5.1 Brazil Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.4.5.2 Brazil Quantum Sensor Market, by Application, 2017 - 2030
- 6.4.6 Mexico
- 6.4.6.1 Mexico Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.4.6.2 Mexico Quantum Sensor Market, by Application, 2017 - 2030
- 6.5 MEA
- 6.5.1 MEA Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.5.2 MEA Quantum Sensor Market, by Application, 2017 - 2030
- 6.5.5 Kingdom of Saudi Arabia (KSA)
- 6.5.5.1 Kingdom of Saudi Arabia (KSA) Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.5.5.2 Kingdom of Saudi Arabia (KSA) Quantum Sensor Market, by Application, 2017 - 2030
- 6.5.6 UAE
- 6.5.6.1 UAE Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.5.6.2 UAE Quantum Sensor Market, by Application, 2017 - 2030
- 6.5.7 South Africa
- 6.5.7.1 South Africa Quantum Sensor Market, by Product Type, 2017 - 2030
- 6.5.7.2 South Africa Quantum Sensor Market, by Application, 2017 - 2030
Chapter 7 Competitive Landscape
- 7.1 Company Categorization
- 7.2 Company Market Positioning
- 7.3 Company Market Share Analysis, 2022
- 7.4 Company Heat Map Analysis
- 7.5 Strategy Mapping
- 7.6 Company Profiles/Listing
- 7.6.1 ADVA
- 7.6.2 AdSense
- 7.6.3 Biospherical Instruments Inc.
- 7.6.4 GWR Instruments Inc.
- 7.6.5 Microchip
- 7.6.6 Microsemi Corp.
- 7.6.7 Muquans SAS
- 7.6.8 Robert Bosch GmbH
- 7.6.9 Spectrum Technologies Inc.
- 7.6.10 Thomas Industrial Network Inc.
Product Code: GVR-4-68040-091-8
List of Tables
- Table 1 Quantum Sensor Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- Table 2 Global Quantum Sensor Market, 2017 - 2030 (USD Million)
- Table 3 Global Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 4 Global Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 5 Global Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 6 Key Market Driver Impact
- Table 7 Key Market Restraint Impact
- Table 8 Key Market Opportunity Impact
- Table 9 List of Key Market Players
- Table 10 Atomic Clocks Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 11 Gravitational sensors Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 12 PAR Quantum Sensors Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 13 Quantum magnetic sensors Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 14 Others Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 15 Aerospace and Defense Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 16 Automotive Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 17 Oil and Gas Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 18 Healthcare Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 19 Other Quantum Sensor Market, by Region, 2017 - 2030 (USD Million)
- Table 20 North America Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 21 North America Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 22 U.S. Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 23 U.S. Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 24 Canada Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 25 Canada Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 26 Europe Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 27 Europe Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 28 UK Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 29 UK Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 30 Germany Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 31 Germany Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 32 France Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 33 France Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 34 Asia Pacific Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 35 Asia Pacific Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 36 China Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 37 China Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 38 Japan Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 39 Japan Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 40 India Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 41 India Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 42 South Korea Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 43 South Korea Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 44 Australia Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 45 Australia Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 46 Latin America Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 47 Latin America Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 48 Brazil Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 49 Brazil Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 50 Mexico Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 51 Mexico Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 52 MEA Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 53 MEA Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 54 Kingdom of Saudi Arabia (KSA) Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 55 Kingdom of Saudi Arabia (KSA) Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 56 UAE Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 57 UAE Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
- Table 58 South Africa Quantum Sensor Market, by Product Type, 2017 - 2030 (USD Million)
- Table 59 South Africa Quantum Sensor Market, by Application, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Research Process
- Fig. 2 Market Formulation
- Fig. 3 Market Segmentation and Scope
- Fig. 4 Quantum Sensor Market, 2017 - 2030
- Fig. 5 Key Opportunities Analysis
- Fig. 6 Quantum Sensor - Value Chain Analysis
- Fig. 7 Quantum Sensor Market Dynamics
- Fig. 8 Industry Analysis - Porter's F5ive Forces Analysis
- Fig. 9 Quantum Sensor Market - Pest Analysis
- Fig. 10 Quantum Sensor Market Share by Product Type, 2022 & 2030
- Fig. 11 Quantum Sensor Market Share by Application, 2022 & 2030
- Fig. 12 Quantum Sensor Market Share by Region, 2022 & 2030
- Fig. 13 North America Marketplace: Key Takeaways
- Fig. 14 Europe Marketplace: Key Takeaways
- Fig. 15 Asia Pacific Marketplace: Key Takeaways
- Fig. 16 Latin America Marketplace: Key Takeaways
- Fig. 17 MEA Marketplace: Key Takeaways
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