Quantum Sensors Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Quantum Sensors Market Trends and Forecast

The future of the global quantum sensors market looks promising with opportunities in the military & defense, automotive, oil & gas, and healthcare market. The global quantum sensor market is expected to reach an estimated $0.39 billion by 2028 with a CAGR of 13% from 2023 to 2028. The major drivers for this market are increasing demand from the end-use industries, such as aerospace, automotive, and defence and it is also used by naval forces for calculating accurate positioning data of submarines in the ocean.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Quantum Sensors Market by Segment

The study includes a forecast for the global quantum sensors market by quantum sensors market by product type, application, and region, as follows:

Quantum Sensors Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Atomic Clocks
• Magnetic Sensors
• PAR Quantum Sensors
• Gravity Sensors

Quantum Sensors Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

• Military & Defense
• Automotive
• Oil & Gas
• Healthcare
• Others

Quantum Sensors Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Quantum Sensors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies quantum sensors companies caters increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the quantum sensors companies profiled in this report include.

• AOSense
• Apogee Instrument
• M Squared Lasers
• Muquans SAS
• Robert Bosch GmbH
• Skye Instruments
• Campbell Scientific
• GWR Instruments,
• LI-COR

Quantum Sensors Market Insights

• Lucintel forecast that magnetic sensors will remain the largest segment over the forecast period because of increasing utilization of these sensors in defense and military applications.
• Automotive is expected to remain the largest segment due to increasing demand for quantum sensors in autonomous vehicles and electric vehicles for driving accuracy and reduce reliance on satellite for navigation.
• North America will remain the fastest growing region due to increasing penetration of quantum technologies in aerospace and defense sector and growing number of projects in automotive markets. .

Features of the Quantum Sensors Market

• Market Size Estimates: Quantum sensors market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Quantum sensors market size by various segments, such as by product type, application and region.
• Regional Analysis: Quantum sensors market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by product type, application, and regions for the quantum sensors market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the quantum sensors market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the quantum sensors market size?

Answer: The global quantum sensors market is expected to reach an estimated $0.39 billion by 2028.

Q2. What is the growth forecast for quantum sensors market?

Answer: The global quantum sensors market is expected to grow with a CAGR of 13% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the quantum sensors market?

Answer: The major drivers for this market are increasing demand from the end-use industries, such as aerospace, automotive, and defence and it is also used by naval forces for calculating accurate positioning data of submarines in the ocean.

Q4. What are the major segments for quantum sensors market?

Answer: The future of the quantum sensors market looks promising with opportunities in the military & defense, automotive, oil & gas, and healthcare market.

Q5. Who is the key quantum sensors companies?

Answer: Some of the key quantum sensors companies are as follows:

• AOSense
• Apogee Instrument
• M Squared Lasers
• Muquans SAS
• Robert Bosch GmbH
• Skye Instruments
• Campbell Scientific
• GWR Instruments
• LI-COR

Q6. Which quantum sensors segment will be the largest in future?

Answer:Lucintel forecast that magnetic sensors will remain the largest segment over the forecast period because of increasing utilization of these sensors in defence and military applications.

Q7. In quantum sensors market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the fastest growing region due to increasing penetration of quantum technologies in aerospace and defense sector and growing number of projects in automotive markets.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the quantum sensors market by product type (atomic clocks, magnetic sensors, PAR quantum sensors, and gravity sensors), application (military & defense, automotive, oil & gas, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?