Development
of ultracold atom based sensors and focus on development of precision
based technologies are trending the global quantum sensors market
Europe
The
field of quantum gases or ultracold atoms is the fastest expanding
field in physics and has wide scale implications in the field of
quantum sensors. Quantum
sensors
including gravimeters and atomic clocks are developed by using atoms
cooled at temperatures near to absolute zero. Muquans, which is a
company manufacturing commercial gravimeters and atomic clocks, uses
cold atoms to achieve higher accuracy levels than classical sensors.
North
America
Demand
for precision measurement is increasing in industries and research
institutes due to the development of new technologies. Universities
across the U.S. are working towards enhancing accuracy of their
sensors to facilitate advanced usages in the field of astronomy, GPS,
communications, and other usages. For instance, in November 2016,
researchers from National Institute of Standards and Technology, in
U.S. launched a new system using two atomic clock to measure timing
precisely by eliminating noise between the atoms of the element
cesium – 133. In another example, CALTECH, which is a university in
California, U.S. has built the world’s largest interferometer,
which can measure changes in arm-length thousands of times smaller
than a proton.
APAC
Technologies
based on quantum physics have a potential to bring accuracy
enhancements across applications in different industries. Asia
Pacific has been a forerunner in adopting technologies such as
quantum communication and quantum cryptography. For example in June
2017, scientists in China successfully conducted an experiment to
test the properties of quantum entanglement at distance using a
satellite. While last year in November China launched a 712 KM
quantum communications line, which featured high security, making the
line impossible to wiretap or intercept.
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MEA
Economies
such as UAE and Qatar are using modern techniques and technologies in
building construction. These economies have readily adopted
technologies such as 3D printing and smart buildings. Quantum sensors
for applications in construction thus has a huge potential for
adoption in Middle East. Recent instance is Dubai government has
launched “Dubai 3D Printing Strategy” under, which it aims to use
3D printed elements in 25% of buildings by 2030.
Latin
America
Theoretical
research being conducted in the field of quantum physics is gradually
being translated into commercially marketable technologies that can
solve real problems and bring efficiency into applications using
classical sensors. The Latin America Optics & Photonics
Conference held in 2014 was sponsored by Optics Society in Latin
America and promoted the development of marketable technologies such
as quantum imaging and quantum physics.
Defense
segment is expected to be the most attractive industry vertical
segment during the forecast period
In
2016, defense segment was valued more than US$ 60 Mn and is expected
to witness steady growth in terms of revenue throughout the forecast
period. Oil & Gas segment is also expected to register steady
increase in Y-o-Y growth rates throughout the forecast period. In
terms of value, this segment is expected to expand at a CAGR of 4.7%
during the forecast period.
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Global
Quantum Sensors Market Structure
Companies
such as Microsemi Corp. and Oscilloquartz S.A. is expected to grab
more than 30% market share. Tier-2 companies, for example, Muquans
SAS, AOSense, Inc., and M Squared Lasers Ltd. are likely to capture
little more than 25% market share, while privately held companies
such as Cryogenic Limited, Supracon AG, and GWR Instruments, Inc. are
likely to grab more than 40% share of the global quantum sensors
market.
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